ROTTERDAM: IMCD N.V. announced that IMCD Colombia has signed an agreement to acquire the distribution business of Joli Foods S.A.S. to expand its food and nutrition business and product portfolio. “The addition of Joli Foods’ distribution business to IMCD Colombia’s food and nutrition portfolio is an exciting new development in our company’s growth history,” said…
Glory Global Solutions to buy Flooid, a cloud-based retail software provider
Glory Global Solutions, a subsidiary of GLORY Ltd., has announced its intention to acquire Flooid, a UK-based company that offers a unified commerce platform for retailers. Flooid’s software enables seamless customer experiences across various touchpoints, such as point of sale, self-checkout, mobile POS, and kiosks. Flooid has clients in Europe, North America and South Africa,…
Bristol Myers Squibb to buy RayzeBio for $4.1 billion in cash
Bristol Myers Squibb (BMY), a leading biopharmaceutical company, announced today that it has agreed to acquire RayzeBio (RYZB), a clinical-stage company developing novel radiopharmaceutical therapies for solid tumors, for $62.50 per share in cash, or $4.1 billion in total. The deal, which was approved by both boards, will expand Bristol Myers Squibb’s oncology portfolio with…
Immunome Inc to buy a set of antibody-related assets and materials from Atreca Inc.
Immunome Inc. (Nasdaq: IMNM), a biotechnology company that develops innovative and superior targeted cancer therapies, announced today that it has signed a definitive agreement to buy a set of antibody-related assets and materials from Atreca, Inc. (Nasdaq: BCEL). According to the agreement, Immunome will pay Atreca $5.5 million upfront and up to $7.0 million in…
Peppermint Innovation acquires Xpon Digital Limited and Holoscribe Australia
PERTH, AUSTRALIA: Peppermint Innovation Ltd (ASX: PIL), a fintech company that operates in the Philippines, has announced the acquisition of the ‘Application Modernisation’ business division from XPON Technologies Ltd (ASX:XPN), a software development company. The deal involves the purchase of two of XPON’s subsidiaries, Xpon Digital Limited and Holoscribe Australia Pty Ltd, which will be…
GenSight Biologics secures cash, advances regulatory and manufacturing plans for LUMEVOQ
PARIS, FRANCE: GenSight Biologics, a biopharma company that develops gene therapies for eye and brain disorders, announced today that it has secured enough cash to operate until mid-February 2024, thanks to cost-cutting measures and ongoing negotiations with some business partners and creditors. The company also revealed its regulatory and manufacturing progress for its lead product,…
Sure Global Tech signs a 100 million Riyal deal with the KSA Ministry of Investment
RIYADH: Sure Global Tech Co., a leading provider of technical solutions and services, announced that it has signed an open framework agreement with the Ministry of Investment, KSA, to develop the services and applications of technical investment systems. The agreement, which is worth 100 million Saudi riyals, will span four years and will include maintaining…
GULFNAV acquires Turkish Polimar Holding’s 40% stake in Gulf Navigation Polimar Maritime
DUBAI, UAE: Gulf Navigation Holding (GULFNAV), the Dubai Financial Market listed maritime and shipping company, has acquired 40% of the Turkish Polimar Holding Company’s stake in Gulf Navigation Polimar Maritime, which is specialized in the field of Maritime Agency Services. Thus, increasing its stake from 60% to 100%. This acquisition aims to increase revenues by…
Canadian Overseas Petroleum CEO John Cowan resigns
LONDON, UK: Canadian Overseas Petroleum Limited (COPL), an international oil and gas exploration, production and development company with production and development operations focused in Converse and Natrona Counties, Wyoming, USA, announced that John Cowan has resigned as the Chief Executive Officer of the Company but will remain on the board of directors of the Company…
IRIS Software Group secures co-controlling investment from LGP in £3.15bn deal
LONDON, UK: IRIS Software Group, a global leader in accountancy, payroll, HR and education software and services, has announced a co-controlling investment from LGP, a Los Angeles-based private equity firm, in a deal that values the company at around £3.15bn. The deal will support IRIS’s growth in the US market, where it already generates over…
TEAM plc to acquire Homebuyer Financial Services Limited (HBFS) for £2.4 million
LONDON, UK: TEAM plc has exchanged contracts to acquire the entire issued share capital of Homebuyer Financial Services Limited (HBFS), a Jersey based financial planning business, for total consideration of £2.4 million in cash. Founded in 1988, HBFS is an established Jersey based financial planning business advising local clients on investments, pensions and protection policies….
Why You Should Consider an Electric Motorcycle?
Electric motorcycles are not just a novelty or a fad. They are a smart and sustainable choice for anyone who loves riding on two wheels. Whether you want to buy, convert, or build your own electric motorcycle, you will find many benefits and advantages over conventional gas-powered bikes. In this blog, I will explain why…