LONDON, UK: Caroline Corby has been appointed as the new Chair of the Peabody Group following a competitive recruitment process. She will take up the role on 1 April 2024 with current interim Chair David Hardy becoming Vice-Chair of the Group. Caroline Corby has a professional background in finance and investment, and extensive public sector…
Ferguson plc acquires Yorkwest Plumbing Supply, Grove Supply, and Harway Appliances
WOKINGHAM, ENGLAND: Ferguson plc has signed definitive purchase agreements to acquire Yorkwest Plumbing Supply Inc. and Grove Supply, Inc., and closed on the acquisition of Harway Appliances. These acquisitions have aggregate annualized revenues of approximately $220 million. Yorkwest Plumbing Supply Inc. Yorkwest is a leading distributor of plumbing, municipal, hydronics, institutional, HVAC and industrial products…
Microlise Group acquires K-Safe Limited, parent of Flare and Flare Aware
LONDON: Microlise Group plc (AIM: SAAS), a leading provider of SaaS based transport technology solutions to fleet operators, announced the acquisition of the assets of K-Safe Limited, parent company to the road safety products Flare and Flare Aware. Microlise has acquired all assets and the IP from K-Safe, which includes their two products Flare and Flare…
Hill & Smith acquires Capital Steel to boost its US presence
LONDON: Hill & Smith PLC, the international provider of sustainable infrastructure products and services, has acquired Capital Steel Service, LLC, a supplier of structural steel products and services to the electrical transmission and distribution market in the US East Coast. The deal, worth up to $7.45m (c.£5.95m), is the fourth acquisition by Hill & Smith…
GSK to buy Aiolos Bio for $1.4 billion, boosting its respiratory portfolio
GSK completes acquisition of Aiolos Bio LONDON: GSK plc, a global pharmaceutical company, announced today that it has agreed to acquire Aiolos Bio, Inc., a clinical-stage biotech firm developing a novel antibody therapy for asthma and other inflammatory diseases, for a total of $1.4 billion. The deal will give GSK access to AIO-001, a long-acting…
Aldar Properties invests AED 1 billion in UAE logistics sector
ABU DHABI, UAE: Aldar Properties, the UAE’s leading real estate developer, investor, and asset manager, has announced a AED 1 billion investment to expand its logistics real estate business in Dubai and Abu Dhabi. The investment covers the acquisition of operational assets and the development of new Grade A logistics facilities to meet the strong…
ADNOC Drilling and Alpha Dhabi launch JV to invest in energy tech
ABU DHABI, UAE: ADNOC Drilling Company and Alpha Dhabi Holding have formed a joint venture (JV) to pursue global investments in energy technology and services. The JV, incorporated at Abu Dhabi Global Market, has made its first investment in Gordon Technologies, a US-based provider of measurement while drilling (MWD) technology, valued at $180 million. The…
Apple’s Vision Pro headset to launch in February for a price of $3,499
Apple’s Vision Pro headset, a device that can switch between AR and VR modes, will be available for pre-order on January 19th and will start shipping on February 2nd in the US. The headset costs $3,499 and comes with various accessories and optional prescription lenses. The device runs on visionOS, which is compatible with most…
HP’s Omen and HyperX Unveil New Gaming Gear at CES 2024
HP has always been a leader in the gaming industry, and this year at CES 2024, it showcased its latest innovations from its Omen and HyperX divisions. The new products are designed to work together seamlessly, offering gamers a complete and immersive gaming experience. “Computing continues to become more personal, and this is especially true…
Gama Aviation eyes UK helicopter firm, Specialist Aviation Services
LONDON, UK: Gama Aviation, a global aviation services company, has confirmed that it is in talks to buy Specialist Aviation Services Limited, a UK-based firm that provides helicopter emergency medical services and aircraft maintenance. Specialist Aviation Services, or Specialist, operates contracts with several air ambulance charities in the UK and generated around £24m of revenue…
Belkin unveils new eco-friendly products at CES 2024
Belkin, a leading consumer electronics brand, has introduced four new products that are designed to be more sustainable and efficient. The products include a 3-in-1 wireless charger, a magnetic power bank, a 4-port USB-C wall charger, and a Core GaN dock. All of them are made with a high percentage of post-consumer recycled materials and…
FAA grounds Boeing 737 Max 9s after Alaska Airlines incident
The US Federal Aviation Administration (FAA) has ordered the grounding of 171 Boeing 737 Max 9 planes until further notice, following an incident on Friday where part of an Alaska Airlines jet’s fuselage came off mid-air. The FAA said it was conducting a thorough inspection of the affected planes to ensure their safety, and that…