OSLO, NORWAY: TGS ASA and PGS ASA, two of the largest providers of geophysical data for the energy industry, have announced that they have agreed to merge and form a new company with a strong portfolio of products and services. The merger, which is expected to be completed by the first half of 2024, will…
Carenostics raises $5M seed funding in a round led by M13
Carenostics, a healthcare AI startup based in New York, announced today that it has raised $5 million in seed funding to expand its platform that helps diagnose and treat chronic diseases. The round was led by M13, a venture capital firm that invests in technology sectors such as health, work, and commerce. Other investors include…
Helsing, a German defense AI startup, raises $223 million in Series B round
Helsing, a Munich-based company that develops artificial intelligence solutions for the defense sector, announced today that it has raised $223 million in a Series B funding round led by General Catalyst, a US-based venture capital firm. The round also saw participation from Saab, a Swedish aerospace and defense company. The startup, which was founded in…
Fertiglobe and AD Ports Group join forces to boost fertilizer and green fuel trade
ABU DHABI, UAE: Fertiglobe, a joint venture between ADNOC and OCI Global, is the world’s biggest exporter and producer of urea and ammonia, which are used as fertilizers. It also makes green ammonia, which is a clean fuel. Fertiglobe has signed an agreement with AD Ports Group, a company that manages ports and logistics in…
HICL Infrastructure sells Bradford school projects for £37 million
LONDON, UK: HICL Infrastructure, a UK-based investment company, has agreed to sell its stakes in two school projects in Bradford for £37m, which is 8% higher than its last valuation. The deal is expected to be completed by the end of the year. The projects, Bradford Building Schools for the Future (BSF) Phase 1 and…
Mondi agrees to sell Mondi Syktyvkar for €775 million to Sezar Invest
LONDON, UK: Mondi plc has entered into an agreement to sell its last remaining facility in Russia, Joint Stock Company Mondi Syktyvkar, together with two affiliated entities to Sezar Invest LLC for a total cash consideration of RUB 80 billion (approximately €775 million at the current exchange rate) to be paid in a series of…
Diversified Energy Company reshuffles executive team and board of directors
LONDON, UK: Diversified Energy Company PLC (LSE:DEC), a leading producer of natural gas in the United States, announced a series of executive leadership changes on Monday, September 18, 2023. The changes are aimed at ensuring the continued execution of the Company’s long-term strategic vision and delivering value to shareholders. Eric Williams, who served as the…
Elixirr International acquires Responsum Inc. for a maximum consideration $6.4 million
LONDON, UK: Elixirr International plc (AIM:ELIX) announced the acquisition of the entire issued share capital and voting rights of Responsum Inc., a US-headquartered firm which has developed proprietary artificial intelligence software, for a maximum consideration $6.4 million. Responsum helps organisations realise and implement solutions using the latest in AI, machine learning and generative AI models…
TPXimpact Holdings has sold Questers for cash consideration of £7.5 million
LONDON, UK: TPXimpact Holdings PLC (AIM: TPX) has sold Questers Resourcing Limited and Questers Bulgaria EOOD to pwrteams OÜ, the outsourcing and team augmentation business owned by Nortal AS for cash consideration of £7.5m. Questers is based in Sofia, Bulgaria and has around 300 employees who provide cross-border IT support and related services to the…
Pendragon sells UK motor and leasing business to Lithia Motors for £250 million
LONDON, UK: Pendragon Plc, a leading UK automotive retailer, has announced that it has agreed to sell its UK motor and leasing business to Lithia Motors, Inc., one of the largest automotive retailers in North America, for £250 million. The deal includes Pendragon’s brands Evans Halshaw, Stratstone and Car Store, as well as Pendragon Vehicle…
Comparing Commercial Electricity Rates: How to Find the Right Deal for Your Business
Energy costs are a significant expenditure for businesses of all sizes, and finding the right commercial electricity rate can make a substantial difference in your bottom line. With the increasing importance of sustainability and cost-efficiency in today’s business landscape, it’s more crucial than ever to make informed decisions about your energy consumption. In this comprehensive…
CROs Unveiled: 4 Things You Need to Know About Them
When one corporation hires another to take charge of handling its trials and extensive medical testing, the latter is said to have engaged with a Contract Research Organization (CRO), also known as a Clinical Research Organization. By lowering the price tag of R&D, Contract Research Organizations help companies and universities keep up with the ever-changing…