SAN DIEGO: Alterome Therapeutics, Inc., a trailblazer in the biopharmaceutical industry, has successfully completed a Series B financing round, raising a substantial $132 million. This funding marks a pivotal step for the company as it aims to transition multiple innovative…
gWorks, a leading software provider for local governments and public agencies, has announced the acquisition of Freedom Systems, a Pennsylvania-based software firm with a longstanding reputation in the industry. Effective March 27, 2024, the acquisition is a key component of…
Blue Owl Capital Inc. (NYSE: OWL), a prominent alternative asset manager, has announced a definitive agreement to acquire Kuvare Insurance Services LP, doing business as Kuvare Asset Management (KAM), for a total consideration of $750 million. KAM, known for its…
LONDON: In a move to address the financial sustainability of the Universal Service, Royal Mail has unveiled a comprehensive proposal that seeks to modernize the service without legislative change. The plan, which comes after extensive customer consultation, aims to maintain…
PARIS: During Belgian Energy Minister Tinne Van der Straeten’s visit to TotalEnergies’ Antwerp refinery, the energy giant unveiled plans for a new battery storage project in Feluy, Belgium. This initiative, featuring a 25 MW power rating and 75 MWh capacity…
ISTANBUL: Arçelik, the parent company of consumer brand Beko, has completed the acquisition of Whirlpool’s operations in the Middle East and North Africa (MENA), marking a pivotal point in its expansion strategy. This acquisition sees Arçelik taking ownership of Whirlpool’s…
3E, a global leader in compliance solutions for chemical safety and product stewardship, has finalized the acquisition of Quick-FDS, a top provider of workplace safety solutions in France. This strategic move, previously announced and now completed, significantly enhances 3E’s European…
ZURICH: Brera Partners, a private equity firm with a focus on the asset-light financial services industry, has acquired a 70% stake in the esteemed Italian insurance broker, GBSAPRI Group. While the financial specifics of the deal remain undisclosed, this acquisition…
Veracode has acquired Longbow Security, a pioneer in security risk management. This acquisition signifies Veracode’s intensified focus on reducing application risk across expanding digital landscapes. “Security teams are overwhelmed by alerts that are often not sufficiently detailed about the level…
PARIS, FRANCE: CMA CGM, through PULSE, its energy fund, acquired a 10% stake in Flexis SAS and has confirmed its interest for a strategic investment up to EUR 120 million by 2026. Volvo Group and Renault Group, holding each a…
PARIS, FRANCE: AERKOMM Inc., a trailblazer in satellite technology, has teamed up with IX Acquisition Corp to create a new entity, AKOM Inc. This strategic merger is underpinned by a definitive Business Combination Agreement and bolstered by a US $35…
LONDON, UK: Thor Explorations Ltd. has successfully expanded its mining portfolio in Senegal by acquiring significant interests in two key licenses. The company now holds up to an 85% stake in the Douta-West License and up to 80% in the…