Stellantis, the maker of Jeep and Chrysler, is expanding its battery production capacity in the US with a new plant in Kokomo, Indiana. The plant will be part of its joint venture with Samsung SDI, called StarPlus Energy, and will start operating in 2027. According to a report, the new plant will have an annual…
AMD strengthens its software strategy with Nod.ai acquisition
AMD announced on Tuesday that it will acquire Nod.ai, an artificial intelligence startup that specializes in making AI models run better on AMD’s chips. The deal is part of AMD’s strategy to compete with Nvidia (NVDA.O), the dominant player in the AI chip market. Nvidia has a strong advantage in the software side of AI,…
Ericsson announces new COO and Head of Enterprise Wireless Solutions
LONDON, UK: Ericsson announced two new appointments to its senior leadership team: Chris Houghton as Chief Operating Officer (COO) and Åsa Tamsons as Head of Business Area Enterprise Wireless Solutions. Both Mr. Houghton and Ms. Tamsons will report directly to Börje Ekholm, President and CEO of Ericsson. These appointments reflect Ericsson’s commitment to speed up…
Regis Resources appoints Michael Holmes as Chief Operating Officer (COO)
SYDNEY, AUSTRALIA: Regis Resources has appointed experienced mining engineer Michael Holmes as Chief Operating Officer (COO) following the resignation of Stuart Gula from the position. Stuart joined Regis in December 2019, and was pivotal in lifting the Company’s safety focus and playing a key role in leading the Company through COVID. His leadership with the…
HydrogenOne Capital Growth announces €45 million investment in Elcogen by HD Hyundai
LONDON, UK: HydrogenOne Capital Growth’s portfolio company Elcogen has announced a strategic investment for €45 million by Korea Shipbuilding & Offshore Engineering Co., Ltd. (‘KSOE’) a member of HD Hyundai Group. The investment by HD Hyundai underscores both the Company’s strategy of backing the leading innovators in the hydrogen industry, and its valuation of Elcogen. …
Telstra to acquire Versent for $267.5 million
SYDNEY, AUSTRALIA: Telstra intends to acquire technology consultancy Versent for $267.5 million to help scale its Telstra Purple tech services business, drive NAS growth and support the digitisation of businesses and Australian industry, a statement noted. Versent reported $130m net revenue in FY23, representing a strong 17 per cent CAGR between FY20-23. Its team of…
Digital Ad Expert continues expansion to MENA region
DUBAI: Aleph, which connects local and global advertisers with billions of consumers worldwide through digital media, is excited to announce that Digital Ad Expert by Aleph, a social initiative to create economic opportunities through digital advertising education, is now available in Arabic & French. The program was originally launched in MENA in April 2023 in…
GTS acquires HC Technologies’ foreign exchange trading assets
NEW YORK: GTS, a leading electronic market maker across global financial instruments, has acquired the foreign exchange trading assets of HC Technologies, an algorithmic trading firm. HC Tech has twice been ranked the number-one foreign exchange liquidity provider in the Americas, catapulting GTS into the top ranks of global FX traders. The transaction builds on…
Ardurra Group acquires Inwood Consulting Engineers Inc.
MIAMI: Ardurra Group Inc. has acquired and merged with Inwood Consulting Engineers Inc. (Inwood), a 75-person Transportation/Water firm based in Orlando, FL. Ardurra Group is an Engineering News-Record Top 500 firm providing consulting and engineering services to public and private entities throughout the United States. With the addition of Inwood, Ardurra further expands its service…
Cornwall Resources Limited signs memorandum of understanding with Oxford Sigma Limited
LONDON, UK: Strategic Minerals’ subsidiary Cornwall Resources Limited (CRL) has signed a Memorandum of Understanding (MOU) with Oxford Sigma Limited, a nuclear fusion technology company based in Oxfordshire, UK. Currently over 90% of global tungsten supply is controlled by China (84%), Vietnam (5.7%) and Russia (2.7%). It is imperative for the security of supply of…
Alan Tannenbaum named CEO of BMO Capital Markets as Dan Barclay retires
NEW YORK: BMO Financial Group (NYSE:BMO) announced the upcoming retirement of its Chief Executive Officer & Group Head, Capital Markets, Dan Barclay, and the appointment of Alan Tannenbaum into the role. After a 32-year investment banking career, Mr. Barclay will transition to a role as Senior Advisor to the CEO. Mr. Tannenbaum will also join…
Kosmos Energy announce oil discovery in the U.S. Gulf of Mexico
DALLAS, TEXAS: Kosmos Energy (NYSE/LSE: KOS) announced today an oil discovery in the U.S. Gulf of Mexico at the Tiberius exploration well. Kosmos is operator of the well and has a 33.34% working interest alongside Occidental and Equinor ASA (both 33.33%). The Tiberius exploration well tested a four-way structural trap in the outboard Wilcox trend,…