CAMBRIDGE: Obsidian Therapeutics, Inc., a trailblazer in engineered cell and gene therapies, has successfully completed a $160.5 million Series C financing round. This round was notably oversubscribed and led by Wellington Management, a new investor in the company. The funding…
Ingka Group, the principal owner of IKEA stores globally, is exploring its first renewable energy investment opportunities in South Korea and Japan. The company’s investment arm, Ingka Investments, has identified offshore wind as a particularly promising option for these markets….
Hon Hai Precision Industry Co Ltd, as Foxconn is formally known, reported a robust T$447.54 billion ($13.96 billion) in revenue last month, marking an 11.8% increase from the previous year and the second-highest figure for the period on record. However,…
Apple Inc. has announced the layoff of 614 employees across various facilities in Santa Clara, California. This move marks the tech giant’s first major reduction in workforce since the onset of the pandemic. The affected personnel, who were notified on…
Virtusa Corporation, a global provider of digital strategy services and solutions announced the acquisition of ITMAGINATION Sp. z o.o., a leading technology consulting firm headquartered in Warsaw, Poland. This strategic move reflects Virtusa’s commitment to enhancing its digital transformation offerings…
Kia Corporation is accelerating its transformation into a leading provider of sustainable mobility solutions. At the recent CEO Investor Day in Seoul, the company unveiled its updated roadmap, designed to navigate the evolving landscape of the mobility industry with a…
TOKYO: Hitachi Industrial Equipment Systems Co., Ltd., headquartered in Chiyoda-ku, Tokyo, has reached an agreement with Mitsubishi Electric Corporation to acquire the latter’s distribution transformer business from its Nagoya Works. This acquisition is part of a broader business integration strategy…
AMSTERDAM: Marel has announced its entry into a transaction agreement with John Bean Technologies Corporation (JBT). This move comes after JBT’s voluntary takeover offer for all issued and outstanding shares in Marel, signaling a potential consolidation in the sector. John…
TORONTO: In a significant move within the technology investment landscape, Tokens.com Corp. (TSX-V: COIN) has entered into a definitive agreement to acquire Simulacra Corporation, a Nevada-based innovator in artificial intelligence and humanoid robotics. The agreement, dated April 4, 2024, will…
LONDON: A consortium consisting of Trinity Investments, Oaktree Capital Management, and UBS Asset Management’s Real Estate & Private Markets Multi-Managers business has successfully acquired the prestigious Park Hyatt Zurich. “The Park Hyatt Zurich is the perfect launch of Trinity’s business…
Full Glass Wine Co., a leader in direct-to-consumer wine sales, has announced the closure of a $14 million Series A funding round led by Shea Ventures. Alongside this, the company has strategically acquired Bright Cellars, a subscription-based wine service, marking…
MELBOURNE: Global professional services company, GHD, has appointed Jim Giannopoulos as Chief Executive Officer, succeeding Ashley Wright and effective 2 April 2024. The planned transition process, announced to shareholders and employees in December, continues the employee-owned company’s history of succession…