Compass Minerals (CMP), a global leader in essential minerals, has appointed Edward C. Dowling Jr. as its new president and CEO, effective from Jan. 18, 2024. Dowling, who joined the company’s board in March 2022, will replace Kevin S. Crutchfield, who will step down on Jan. 17, 2024 and serve as a consultant until the…
BrainChip and MYWAI team up to deliver Edge AI solutions for industry and robotics
BrainChip Holdings Ltd, a pioneer in neuromorphic AI technology, and MYWAI, a leading AIoT solution provider in the EU, have announced a strategic partnership to deliver cutting-edge Edge AI solutions for various industrial and robotic sectors. The solutions will use BrainChip’s Akida, a low-power, high-performance AI chip that learns from sensor data, and MYWAI’s EaaS…
Sixth Street hires Marcos Alvarado as Head of U.S. Real Estate
Sixth Street, a leading global investment firm, announced today that it has hired Marcos Alvarado as a Partner and Head of U.S. Real Estate, effective February 1st. Alvarado will lead the expansion of Sixth Street Real Estate, a platform that invests in and finances properties across various sectors. Alvarado has over 20 years of experience…
The Lottery Corporation names McTaggart new Chairman as Steven Gregg retires
SYDNEY: Steven Gregg, the current Chairman and director of The Lottery Corporation (TLC), will step down from his roles on 31 March 2024. He will focus on his new position as a director and Chairman-elect of Westpac Banking Corporation, which he was appointed to in October 2023. The Board has chosen Dr Doug McTaggart, a…
Dynamic Group acquires Airwell Flow Testing for A$2m
SYDNEY: Dynamic Group Holdings Limited (ASX: DDB), a water services company, has announced the acquisition of Airwell Flow Testing, a division of Airwell Group Pty Ltd, for A$2 million. The deal is expected to be completed in February 2024, with A$1.5 million paid upfront and A$0.5 million deferred until August 2024. Airwell Flow Testing is…
Peter Warren to buy Macarthur Mazda, Macarthur MG, Macarthur Nissan, Macarthur LDV
SYDNEY: Peter Warren Automotive Holdings announced the planned acquisition of a multi-franchised dealership group in Macarthur, New South Wales from entities associated with Mr Greg Oakman. The businesses to be acquired are Macarthur Mazda, Macarthur MG, Macarthur Nissan and Macarthur LDV. The acquisition consideration, which includes goodwill plus net assets at completion, will be funded…
MLC CAD Systems acquires Equivaq Software
MLC CAD Systems, a leader in design and manufacturing solutions, has acquired Equivaq Software, a provider of PDM add-ons and consulting services. “This strategic move is a significant step forward in our commitment to expanding our services and enriching our offerings to serve our customers better,” says Kevin Schreiner, Sales Director at MLC. The acquisition…
Emplifi appoints Ohad Hecht as new CEO
Emplifi, a leading customer engagement platform, today announced Ohad Hecht as its new CEO. Hecht, a former co-founder and CEO of Prodport and Emarsys, will focus on cultivating a winning culture, embracing a customer-centric strategy, and continuing to build a best-in-class, innovative customer engagement solution. Emplifi has achieved multiple milestones in the last few years,…
Synopsys to buy Ansys for $35 billion in biggest tech deal of the year
Synopsys, a leading provider of software for chip design, announced on Tuesday that it has agreed to acquire Ansys, a maker of simulation software for various industries, in a cash-and-stock deal valued at $35 billion. According to Reuters, the deal, which is the largest in the technology sector since Broadcom‘s $69 billion acquisition of VMware…
Shell sells Nigerian onshore oil and gas business for $2.4 billion
After nearly 100 years of running Nigerian onshore oil and gas, Shell has decided to sell its subsidiary there for up to $2.4 billion to a group of five companies, mostly based in Nigeria. The buyer is the Renaissance consortium, which includes ND Western, Aradel Energy, First E&P, Waltersmith, all local oil exploration and production…
Bleu, a new cloud service provider for France, prepares for launch
PARIS: Bleu, a joint venture of Capgemini, Orange and Microsoft, is ready to offer its “cloud de confiance” services to French public and private organizations, starting from the end of 2024. Bleu aims to meet the specific cloud needs of the French State, public agencies, hospitals, regional authorities, and other critical operators, using Microsoft 365…
Ken Porpora appointed CEO of Horizon Group Holdings
Horizon Group Holdings, a leading provider of residential plumbing, electrical, heating and air conditioning services, has appointed Ken Porpora as its new Chief Executive Officer. Ken Porpora has over 25 years of experience in the home services industry, having held various senior roles at ADT, the leading provider of security, interactive and smart home solutions…