LONDON, UK: Sproutly Canada and Apollon Formularies have announced the completion of their due diligence. Sproutly, a Canadian company that specializes in natural cannabinoids, terpenes, and mushroom compounds, is poised to acquire all global assets of Apollon, a UK-based company that focuses on natural biologics drug discovery, integrating cutting-edge artificial intelligence (AI) technology. The transaction,…
FGS Global acquires Canadian communications & public affairs advisory, Longview
LONDON: FGS Global has acquired the leading Canadian communications and public affairs advisory firm Longview Communications and Public Affairs. The acquisition further strengthens FGS Global’s well-established capability and expertise in strategic advisory and communications, helping clients to navigate reputational challenges in an increasingly complex stakeholder, financial, regulatory and political environment. Longview will operate as FGS…
OpenAI faces turmoil and legal threats; Sam Altman restored as CEO
OpenAI restores Sam Altman as CEO after his tumultuous ouster OpenAI, the artificial intelligence company behind the popular ChatGPT service, is in a state of crisis after its board of directors fired its co-founder and CEO Sam Altman last week. The move has triggered a backlash from investors, employees, and customers, who are questioning the…
Comms Group Limited announces strong performance and strategic review at AGM
SYDNEY, AUSTRALIA: Comms Group Limited (ASX: CCG), a leading provider of cloud communications solutions for global businesses, held its annual general meeting (AGM) on Tuesday, November 21, 2023. The company’s CEO, Peter McGrath, delivered a positive update on the company’s performance and outlook, as well as the progress of the strategic review initiated by the…
SciDev CEO Seán Halpin outlines growth strategy and reports strong Q1 results
SYDNEY, AUSTRALIA: SciDev, a leading provider of water treatment and chemical solutions, has announced its future outlook and financial highlights for the first quarter of FY24 at its annual general meeting. The company’s CEO, Seán Halpin, said that SciDev is well positioned to continue to grow its operational and financial footprint across FY24, with a…
GIB-Saudi Arabia partners with Eayni Recycling Association to recycle bank’s waste
AL-KHOBAR: Gulf International Bank – Saudi Arabia (GIB) has announced a collaboration with Eayni Recycling Association Cooperative, a local waste management company, to recycle the bank’s waste in Al Khobar, Riyadh and Jeddah. The agreement is part of GIB’s sustainability drive and effort to reduce its environmental impact. Eayni will collect and recycle all plastics,…
OSN buying majority stake in Anghami to create region’s largest streaming platform
KUWAIT: OSN, a subsidiary of KIPCO and the leading pay-TV network in the MENA region, has announced a deal to merge its premium content streaming platform, OSN+, with Anghami, the region’s leading music and entertainment streaming platform. The deal will be backed by an investment of up to US$50 million (KD 15.4 million) from OSN…
TotalEnergies launches in-depot charging for electric trucks
PARIS, FRANCE: TotalEnergies announced today at the SOLUTRANS road and urban transportation trade show that it has launched a new service for electric truck charging in depots. This service will help transporters switch to electric mobility by providing them with customized charging infrastructure that meets their needs. TotalEnergies has designed an in-depot charging service that…
India approves 27 international companies to make IT hardware under incentive scheme
India has given the green light to 27 companies, including U.S. tech giants Dell, HP and China’s Lenovo, to manufacture IT hardware in the country under a production-linked incentive (PLI) scheme. The scheme aims to boost domestic manufacturing and attract large investments in the value chain of IT hardware products. The PLI scheme for IT…
Adacel Technologies reports strong performance and new contracts in FY2024
SYDNEY, AUSTRALIA: Adacel Technologies, a leading provider of air traffic management and simulation solutions, has announced its financial and operational results for the fiscal year 2023. At the AGM, Adacel Technologies CEO, Daniel Verret, attributed the performance to the successful execution of its strategy, which focused on client engagement, product development and prudent allocation of…
Colibri Group acquires TRC Healthcare to expand its professional education services
Colibri Group, a company that provides learning solutions to licensed professionals, has announced the acquisition of TRC Healthcare, a leading provider of education and training for healthcare practitioners. The deal will enhance Colibri Group’s portfolio of professional education services for pharmacists, nurses, physicians and other healthcare professionals. TRC Healthcare offers a range of products and…
XPS Pensions has sold XPS Pensions (Nexus) Limited to SEI for £42.5 million
LONDON, UK: XPS Pensions Group has completed the sale of XPS Pensions (Nexus) Limited, principal employer and scheme funder of the National Pensions Trust (NPT), to SEI creating a market leading defined contribution proposition for employers and pension scheme members. The deal creates a strategic partnership between XPS and SEI, under which XPS will provide…