Accenture, a global professional services company, has announced its plan to acquire Ammagamma, an Italy-based firm that specializes in AI and generative AI technologies. The deal is part of Accenture’s $3 billion investment to help clients transform their businesses through AI. Ammagamma, founded in 2013, has a team of 90 AI experts with diverse backgrounds…
Shein eyes US expansion with $90 billion IPO plans amid criticism
NEW YORK: Shein, the Chinese online fashion giant that has taken the world by storm with its ultra-fast and ultra-cheap clothing, is preparing to go public in the United States, as it also seeks to expand its offline presence through a partnership with Forever 21. Shein has reportedly filed for an initial public offering (IPO)…
One Click LCA raises €40M to scale up its decarbonization platform
One Click LCA, a Helsinki-based tech company, has secured a €40M investment from PSG Equity and InfraVia Capital Partners, two leading growth equity firms. The company provides a global decarbonization platform for the construction and manufacturing industries, using life-cycle assessment (LCA), environmental product declaration (EPD), and other sustainability solutions. The platform helps measure, report, and…
SPIE signs agreement to acquire ROBUR Industry Service Group GmbH
PARIS, FRANCE: SPIE, the independent European leader in multi-technical services in the areas of energy and communications, announces the signature of an agreement to acquire ROBUR Industry Service Group GmbH. Headquartered in Munich, ROBUR Industry Service Group GmbH is an industrial services company offering, to a diversified customer portfolio, a wide range of services across…
Troy Income & Growth Trust to merge with STS Global Income & Growth Trust
LONDON, UK: Troy Income & Growth Trust plc (TIGT), an equity income investment trust, has announced that it has agreed to merge with STS Global Income & Growth Trust plc (STS), another investment trust managed by Troy Asset Management Limited (Troy). The merger, which is subject to shareholder and regulatory approvals, will be implemented through…
Abrdn China Investment Company to merge into Fidelity China
LONDON, UK: The Board of Abrdn China Investment Company Limited (ACIC) has agreed heads of terms in principle for a proposed combination of the company with the assets of Fidelity China Special Situations PLC, a notice said. ACIC believes the proposals will benefit shareholders in the company going forward. Fidelity China is the top performing…
OnTheMarket shareholders urged to vote for CoStar acquisition
LONDON, UK: OnTheMarket, the UK’s third largest property portal, has received positive voting recommendations from two independent proxy advisers for its proposed acquisition by CoStar, the US-based provider of commercial real estate information and analytics. Glass Lewis & Co. and Institutional Shareholder Services Inc. have both advised OnTheMarket shareholders to vote in favour of the…
IPD Group to buy CMI Operations for $101 million
SYDNEY, AUSTRALIA: IPD Group Limited (ASX:IPG), a leading provider of electrical products and services, has announced a deal to acquire CMI Operations Pty Ltd, a distributor of electrical cables and plugs, from Excelsior Capital Limited (ASX:ECL) for up to $101 million. The acquisition will enhance IPD’s product portfolio, supplier diversity, customer value proposition and market…
CCI Static Holdings acquires Crestline Plastics
CCI Static Holdings, LLC, a leading provider of static control packaging for electronics, high-value components and optics, has acquired Crestline Plastics, Inc., a premier manufacturer of thermoformed packaging for optical components and other precision electronics. The deal was closed in early November, following CCI’s partnership with private equity investment firm, Great River Capital Partners, in…
RoadSafe Traffic Systems announces acquisition of Dobie Supply
CHICAGO: RoadSafe Traffic Systems, Inc. (RoadSafe), a leading provider of infrastructure services, has completed the purchase of Dobie Supply, LLC. Dobie Supply is a top-notch provider of traffic control devices and a maker of road and commercial signs. It operates in the larger Texas market, serving highway, residential and commercial projects. RoadSafe has made 11…
Thunderkick and Alea join forces to expand iGaming reach
Thunderkick, a leading video slot developer, has announced a strategic partnership with Alea, a prestigious casino game aggregator. The deal will allow Thunderkick to offer its entire portfolio of iGaming products to operators in Europe, Africa and Latin America through the Alea platform. Thunderkick is known for its innovative and engaging video slots, such as…
L3Harris sells commercial aviation unit to TJC L.P. for $800 million
Defense company L3Harris Technologies has agreed to sell its commercial aviation solutions business to private equity firm TJC L.P. for $800 million, the company announced on Monday. The deal includes a cash payment of $700 million and an additional $100 million based on the financial performance of the business in 2023 and 2024. The commercial…