SAN FRANCISCO: New Relic, a platform that helps engineers monitor and optimize their software, has appointed Ashan Willy as its new CEO. Willy, who has over 25 years of experience in the tech industry, will take over from December 4. He was previously the CEO of Proofpoint, a cybersecurity and compliance company, where he led…
Wiz acquires Raftt for up to $50 million in its first-ever deal
Wiz, a cloud security company, has announced its first acquisition ever, buying Raftt, a cloud-based platform for developers, for as much as $50 million. The deal will allow Wiz to integrate Raftt’s technology into its own products, enhancing its ability to bridge the gap between security and engineering teams. Raftt, founded in 2020 and based…
Toyota to launch six new electric vehicles in Europe by 2026
Toyota Motor, the world’s largest automaker by sales, announced on Monday that it would expand its battery electric vehicle (BEV) line-up in Europe to six models by 2026, aiming to capture more than 20% of the new car market in the region with its zero-emission vehicles. The Japanese company, which has long been a leader…
Eiffage Énergie Systèmes has acquired 97% of Van den Pol Elektrotechniek B.V
PARIS, FRANCE: Eiffage, through the Dutch subsidiary of Eiffage Énergie Systèmes in the Netherlands has just acquired 97% of Van den Pol Elektrotechniek B.V., complementing its expertise in the industrial and office buildings and commercial markets. This transaction is subject to approval by the European competition authorities and is expected to be completed in early…
Allfunds acquires Iccrea Banca’s local paying agent business
AMSTERDAM: Allfunds Group plc (AMS: ALLFG), a global B2B WealthTech platform, and Iccrea Banca, the parent company of the BCC Iccrea Group, one of the largest banking groups in Italy, announced that they have completed the deal under which Allfunds acquires Iccrea Banca’s local paying agent business, including a long-term exclusivity agreement. The deal will…
Alaska Airlines to buy Hawaiian Airlines for $1.9 billion
Alaska Air Group announced on Sunday that it has agreed to acquire its rival Hawaiian Airlines for $1.9 billion, a deal that would create a dominant carrier in the Hawaii market and expand its network to Asia. The transaction, which faces regulatory scrutiny, would pay $18 a share for Hawaiian and assume $900 million of…
Cykel AI announces beta launch of its AI-Powered Task Operating System (Task OS)
LONDON, UK: Cykel AI, a leading innovator in artificial intelligence solutions, announced the beta launch of its highly anticipated AI-Powered Task Operating System (Task OS). This important step forward in the field of business task management signifies a significant milestone for the Company and its commitment to redefining productivity and efficiency. Cykel AI’s Task OS…
Arecor signs co-development agreement with leading global medical products company
CAMBRIDGE, UK: Arecor Therapeutics plc announced a co-development and exclusive licence option agreement with a leading global medical products company for a high-value, ready-to-dilute (“RTD”) oncology product from Arecor’s in-house Specialty Hospital pipeline. Under the terms of the agreement, Arecor and its partner will conduct further co-development and regulatory work with Arecor eligible to receive…
Pennpetro Energy reports first month of oil production from Chalk Talk #1H well
LONDON, UK: Pennpetro Energy PLC, a Texas-based oil and gas company, announced its first full month of oil production from its Chalk Talk #1H well in the Peach Creek Oil Field. The well produced 4,827 barrels of oil at an average of 161 barrels per day in November, with peak daily production reaching 410 barrels….
JLEN acquires remaining 30% shareholding in Bio Collectors Holdings
LONDON, UK: JLEN Environmental Assets Group Limited announced the purchase of the remaining 30% shareholding in Bio Collectors Holdings Limited (“BCH”) for a total consideration of £8.0 million, taking its ownership in the business to 100%. BCH, through its subsidiary companies, holds the rights and operational assets that make up an anaerobic digestion (“AD”) plant…
Capita Plc agrees to sell stake in Fera Science to Bridgepoint for £60 million
LONDON, UK: Capita plc has agreed to sell its 75% stake in Fera Science Limited to Bridgepoint Group plc, for an enterprise value of £60m on a cash-free, debt-free basis. The deal values the total joint venture at £80m and represents a 10.8x multiple on a 2022 standalone EBITDA of £7.4m. The sale of Capita’s…
Spectra Systems to acquire Cartor Holdings for a maximum consideration of £10.5 million
LONDON, UK: Spectra Systems Corporation has entered into a conditional agreement to acquire Cartor Holdings Limited, a leader in the security printing industry, for a maximum consideration of £10.5 million. Cartor Holdings, through its three wholly-owned subsidiary companies, operates from two manufacturing sites in the UK and France, supplying postage stamps to over 180 administrations…