NYSE listed Crane Company has acquired Vian Enterprises for approximately $103 million on a cash-free and debt-free basis. Vian Enterprises is a global designer and manufacturer of multi-stage lubrication pumps and lubrication system components technology for critical aerospace and defense applications with sole-sourced and proprietary content on the highest volume commercial and military aircraft platforms….
How to Conduct a Data-Driven Software Engineering Study: A Goal-Oriented Methodology
Software engineering is a complex and dynamic field that requires constant evaluation and improvement. One way to assess the effectiveness and efficiency of software development methods and practices is to conduct empirical studies that collect and analyze data from real-world projects. However, designing and conducting such studies is not a trivial task. It requires careful…
B.P. Marsh and Partners acquire 30% shareholding in Ai Marine
LONDON: B.P. Marsh and Partners Plc (AIM:BPM), the specialist private equity investor in early stage financial services businesses, it has acquired a 30% Cumulative Preferred Ordinary shareholding in Ai Marine Risk Limited, a London-based Managing General Agency (MGA). B.P. Marsh has agreed to provide up to £1.6m of funding via a mixture of equity and…
Public Investment Fund invests in Saudia Technic
JEDDAH, SAUDI ARABIA: The Public Investment Fund (PIF) announced the signing of an agreement to invest in Saudia Technic, a subsidiary of Saudia Group.Formerly known as Saudia Aerospace Engineering Industries, Saudia Technic has a long-established presence and rich legacy in Saudi Arabia, tracing its roots back to the 1960s. It provides services across key aviation…
Avance Gas sells VLGC Venus Glory for $66 million as part of fleet renewal
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…