OSLO, NORWAY: Avance Gas Holding, a Norwegian company that operates Very Large Gas Carriers (VLGCs), has agreed to sell one of its ships, Venus Glory, for $66 million to a National Oil Company. The ship, built in 2008, was on a two-year charter with IOC until the end of 2023. The sale is expected to…
Mutares SE & Co. has acquired PRINZ Kinematics GmbH from AL-KO
MUNICH: Mutares SE & Co. has successfully completed the acquisition of PRINZ Kinematics GmbH from AL-KO.The company will join KICO & ISH as a new add-on investment, strengthening the group’s presence in the market as system supplier of high-quality automotive technology and the Automotive & Mobility segment of Mutares.Founded in 1985, PRINZ Kinematics GmbH is…
Aurrigo to launch self-driving baggage vehicles at Schiphol Airport
LONDON: Aurrigo International plc, a leading transport technology company, has secured a deal with Schiphol Nederland B.V to deploy and test its autonomous aviation solutions at Amsterdam Airport Schiphol.The project, worth Euro 0.58 million, will involve Aurrigo’s Auto-DollyTug® baggage vehicle and its Auto-Sim® simulation software.The aim is to improve the efficiency and safety of airport…
SYME secures €10m deal with Italian bank for inventory monetisation
LONDON: Supply@ME Capital plc (SYME), a fintech company that offers a platform for businesses to access cashflow from their inventory, has announced a new deal with Banco BPM S.p.A. (BBPM), Italy’s third largest financial services group. The deal involves an initial transaction of up to €10m with an existing client of BBPM, who is a…
Comfort Systems USA to acquire Summit Industrial Construction
Comfort Systems USA, Inc. (NYSE: FIX), a leading provider of HVAC and electrical contracting services, announced today that it has agreed to acquire Summit Industrial Construction, LLC, a specialty industrial mechanical contractor based in Houston, Texas. The deal is expected to close in the first quarter of 2024. Summit offers engineering, design-assist and turnkey construction…
Myers Industries to acquire Signature Systems for $350 million
Myers Industries, Inc., a leading manufacturer and distributor of industrial products, announced today that it will acquire Signature Systems, a leader in composite ground protection solutions, for a total consideration of approximately $350 million. The acquisition will strengthen Myers’ profitability and cash flow, as well as provide a complementary platform for long-term growth driven by…
Imperial Dade acquires Insight Distributing, expands in Western market
Imperial Dade, a leading distributor of foodservice packaging, industrial, and janitorial supplies in North America, has acquired Insight Distributing, Inc., a Spokane-based company with a history dating back to 1941. The deal is the 77th acquisition for Imperial Dade, which is led by Chairman Robert Tillis and CEO Jason Tillis. The financial terms were not…
Curi and RMB Capital complete merger, forming $11.3 billion advisory firm
Curi, a national healthcare advisory firm, has finalized its acquisition of RMB Capital and the merger of its subsidiary Curi Capital with RMB, creating Curi RMB Capital, a registered investment advisory firm with more than $11.3 billion in assets under advisement. The terms of the deal were not disclosed. The new firm will be led…
Chris Decker appointed as new CDISC President and CEO
CDISC, the global nonprofit organization that creates and advances data standards for clinical research, has announced that Chris Decker will be its new President and CEO, effective January 2, 2024. He will succeed Dave Evans, who is retiring after leading CDISC for several years. Decker is a well-known technology and standards expert, with years of…
Edgio Inc names Todd Hinders as new CEO
Edgio Inc. (NASDAQ: EGIO), a leading edge computing platform, announced today that it has appointed Todd Hinders as its new CEO and board member, effective immediately. Hinders replaces Bob Lyons, who has stepped down from his roles as President, CEO, and board member. Hinders has been with Edgio since May 2023 as the Chief Revenue…
UK households to face higher energy bills as Ofgem raises price cap
The start of the new year brings bad news for UK households, as they will have to pay more for their energy bills due to Ofgem’s latest price cap. The cap, which limits how much suppliers can charge customers for gas and electricity, has risen to £1,928 from £1,834 in October. This is the first…
Costco’s sales soar as Aussies flock to value brand
Costco, the US-based warehouse retailer, has become one of Australia’s largest retailers, with $4.4 billion in sales in 2023, a 20 per cent increase from the previous year. The retailer, which operates 15 stores in Australia and New Zealand, has outperformed the local supermarket giants Coles and Woolworths, which only achieved sales growth of around…