Andalusia Labs, a leading provider of risk management solutions for digital assets, has secured $48 million in a Series A funding round led by Lightspeed Venture Partners, valuing the company at over $1 billion. The round also saw participation from Mubadala Capital, a subsidiary of Abu Dhabi’s sovereign wealth fund, and several existing investors, including…
Belgium and ENGIE agree to extend nuclear reactors until 2035
PARIS: Belgium and ENGIE, the French energy giant, have signed a final agreement to extend the operation of two nuclear reactors, Tihange 3 and Doel 4, until 2035. The agreement also covers the obligations related to nuclear waste management for all ENGIE’s nuclear facilities in Belgium. Catherine MacGregor, Chief Executive Officer of ENGIE, stated: “We…
Petra Diamonds may sell Koffiefontein Diamond Mine in South Africa
LONDON, UK: Petra Diamonds has entered into a non-binding term sheet on an exclusive basis with an interested party for the potential sale of the Koffiefontein Diamond Mine in South Africa. Petra has been exploring a responsible exit from Koffiefontein since April 2022, with the operation being placed on care and maintenance in November 2022. …
EasyJet CEO outlines growth strategy and ambitious targets
LONDON: In a presentation to shareholders on Wednesday, Johan Lundgren, the CEO of easyJet, revealed the airline’s growth strategy and ambitious targets for the next decade. He highlighted the airline’s resilience and competitive advantage in the European market, despite the challenges posed by the COVID-19 pandemic, the conflict in the Middle East, and the supply…
Ignitis Group and Copenhagen Infrastructure Partners win offshore wind tender in Estonia
OSLO: (AB) Ignitis Grupė informed that its subsidiary (UAB) Ignitis Renewables” together with Copenhagen Infrastructure Partners P/S (CIP) through its Growth Markets Fund II are the winners of the auction-based competitive tender for development of an offshore wind farm in the Liivi 2 sea area in Estonia with a total capacity of up to 1.4…
EXA Capital has acquired Prista Corporation
EXA Capital, a software company acquirer and operator, has acquired Prista Corporation, a healthcare quality and improvement SaaS provider. Prista’s product, ActionCue CI, is a clinical intelligence platform that helps healthcare organizations deliver quality patient care. EXA’s Founder and CEO, Omer Sajid, praised Prista’s customer experience and product innovation, while Prista’s Founder, Don Jarrell, expressed…
GlobalLogic acquires Katzion to boost automotive solutions and global presence
GlobalLogic, a Hitachi Group Company and a leader in Digital Engineering, has announced the acquisition of Katzion, an Australian engineering firm that specializes in applications for the automotive industry. The deal will help GlobalLogic expand its offerings in the mobility sector, especially in emerging segments such as micro-mobility, fleet vehicles and rental cars. It will…
MDWerks acquires Two Trees, a fine spirits company with a revolutionary aging technology
MDWerks, Inc., a sustainable technology company, announced today that it has acquired Two Trees Beverage Company, a fine spirits company that uses a proprietary energy wave process to accelerate the natural aging of alcohol in wooden barrels. This technology produces high-quality distilled products in a fraction of the time and with less environmental impact than…
Hunter Truck, a leading commercial truck dealership group, acquired by FPH and CEO
Hunter Truck, a family-owned business that operates 19 commercial truck dealerships in four states, has been acquired by Fremont Private Holdings (FPH) and its current CEO, Jeff Hunter. The deal was announced on Tuesday, December 12, 2023. The company, which was founded in 1938 by Homer Hunter, is one of the largest heavy truck dealership…
Workspace Group to use solar energy to power portfolio
LONDON, UK: Workspace Group, London’s leading owner and operator of sustainable, flexible work space, has entered into a Corporate Power Purchase Agreement (CPPA) with Statkraft, Europe’s largest generator of renewable energy, to supply around two thirds of the Group’s expected electricity demand for the next 10 years with effect from 1 February 2024. Workspace will…
Newbury Racecourse appoints Shaun Hinds as new Chief Executive
LONDON, UK: The Board of Newbury Racecourse announced the appointment of Shaun Hinds as its new Chief Executive. Shaun is succeeding Julian Thick, whose resignation was announced on 9 August 2023. Shaun is expected to take up the Chief Executive role, and join the Company’s board, in the summer of 2024 once he has served…
HeadFirst Global B.V. offers to acquire Impellam Group plc in a £483.2 million deal
LONDON, UK: Heather Global plc, a subsidiary of HeadFirst Global B.V., and Impellam Group plc have reached agreement on the terms of a recommended offer to which Heather Global will acquire the entire issued and to be issued share capital of Impellam Group. The cash consideration of 557.2 pence, the Loan Note Consideration of 392.8…