Enterprise customers are large businesses with complex structures and needs. They usually have more than 250 employees and $50 million-plus in annual revenue. They are different from individual customers or small and midsize businesses in terms of their purchasing behavior, decision-making process, and requirements. Some of the challenges and opportunities for selling to enterprise customers…
Caterpillar invests in metal recycling startup Nth Cycle
Caterpillar, a global leader in construction and mining equipment, has joined a group of investors to back Nth Cycle, a Massachusetts-based startup that has developed a novel metal refining technology. The startup raised $44 million in Series B and non-dilutive financing to scale up its operations and expand its market reach. Nth Cycle’s technology, called…
Skanska exits LaGuardia Airport project with $115m sale to LaGuardia Gateway Partners
Skanska, the Swedish construction giant, has sold its 32% stake in LaGuardia Airport Terminal B in New York for US$115 million. The company was part of a public-private partnership that designed and built the new terminal building, which opened in 2022 and received LEED v4 Gold certification for its environmental performance. The buyer is LaGuardia…
KFC to buy 218 UK and Ireland restaurants from EG Group
KFC has announced that it will acquire 218 restaurants from its largest franchisee in the UK and Ireland, EG Group, as part of its expansion plans. The deal, which is expected to close in the first half of 2024, will see KFC take over all 7,800 staff across the sites, most of which are drive-throughs….
Google launches Gemini, its largest and most capable AI model, to power its products and cloud services
Google announced on Wednesday the launch of Gemini, its largest and most capable artificial intelligence model, which it claims can outperform human experts on a wide range of tasks. Gemini is a large language model that can understand, operate across and combine different types of information, including text, code, audio, image and video. Gemini will…
Multiconsult’s Iterio AB acquires Helm Connect AB and Helm Project Management
AMSTERDAM: Multiconsult (Oslo: MULTI) has strengthened its position in the Swedish market with the acquisition of Helm Connect AB and Helm Project Management by its Swedish subsidiary, Iterio AB. This strategic move enhances Iterio’s capabilities, allowing the company to pursue ambitious goals and gain additional market share in Sweden. Helm is a consultancy company that…
FPT acquires 80% stake in French IT consulting firm AOSIS
PARIS: FPT Software, a global technology service provider from Vietnam, has acquired an 80% stake in AOSIS, a French IT consulting firm specializing in SAP, Data, Cloud, and Business intelligence solutions. The deal is part of FPT’s strategy to strengthen its delivery competencies, expand its business opportunities, and broaden its customer base in France and…
GSTechnologies to acquire 66.67% of Semnet Pte Ltd for $1.8 million
LONDON, UK: GSTechnologies Limited (LSE: GST) has entered into an agreement to acquire 66.67% of the issued share capital of Semnet Pte Ltd, a cybersecurity company based in Singapore, for a total consideration of US$1.8 million, payable through US$0.8 million in cash and US$1.0 million in new shares in the GST. Semnet is a profitable…
Marshalls plc appoints Matt Pullen as new Chief Executive Officer
LONDON, UK: Marshalls plc, a leading manufacturer of products for the built environment, today announces the appointment of Matthew (Matt) Pullen as Chief Executive Officer Designate, who in due course will succeed Martyn Coffey as Chief Executive Officer. Matt will join the Board as a Director, with effect from 8 January 2024 and will take…
Trive Capital Partners offers to acquire Ten Entertainment Group for £287 million
LONDON, UK: Neon Buyer Limited, backed by Trive Capital Partners LP reached agreement to acquire Ten Entertainment Group plc (TEG) at the rate of 412.5 pence in cash. The acquisition values TEG’s entire issued, and to be issued, ordinary share capital at approximately £287 million on a fully diluted basis. It and implies a multiple…
LOS Group to be acquired and merge into Eqva ASA
OSLO, NORWAY: Eqva ASA and LOS Group have signed a letter of intent for a business combination agreement. The combined entity will have an EV of approximately NOK 620 million. The agreement includes the LOS Group’s 100 percent ownership in LOS Elektro AS and LOS Eiendom Bergen AS, as well as 51 percent ownership in…
Woodside Energy signs 20-year LNG supply agreement with Mexico Pacific
SYDNEY, AUSTRALIA: Woodside Energy Group has signed a sales and purchase agreement (SPA) with Mexico Pacific Limited (Mexico Pacific) to purchase 1.3 million tonnes per annum (Mtpa), equivalent to approximately 18 cargoes per year, of liquefied natural gas (LNG) for 20 years. LNG is expected to play a critical role in the energy transition and…