AMSTERDAM – CTP N.V., Europe’s largest listed logistics and industrial real estate group, is accelerating its growth by expanding into Italy, acquiring developer VLD S.r.l. for €241 million in a move that significantly boosts its landbank and development pipeline. The acquisition, from the FBH Group, grants CTP a strategic landbank of 8.7 million square meters (sqm)…
UK to impose mileage tax on electric vehicles from 2028
LONDON – Britain’s government will introduce a new “pay-per-mile” tax for electric vehicles (EVs) starting in 2028, Chancellor Rachel Reeves announced in her Autumn Budget, a move designed to offset falling fuel duty revenues but which critics warn could dampen consumer demand for zero-emission cars. The new levy, set at 3 pence per mile for…
Gimv to acquire stake in Equine Care Group to fuel global expansion
ANTPWERP – European private equity firm Gimv has agreed to acquire a minority stake in Equine Care Group (ECG) from Belgian family-owned investor CNP, the companies said on Thursday, in a deal aimed at accelerating the veterinary group’s international growth. Under the definitive agreements, CNP will remain the lead strategic partner and majority owner of ECG,…
Team PLC to acquire WH Ireland in all-share deal
LONDON – Team PLC (AIM: TEAM) has agreed to acquire its smaller rival WH Ireland Group PLC (AIM: WHI) in an all-share deal, the companies announced on Tuesday, in a move to create a diversified wealth and asset management group with a combined market value of approximately £30.3 million. The recommended acquisition, structured as a court-sanctioned…
B.P. Marsh backs new insurance venture Sodalis in £5.3 mn funding round
LONDON – B.P. Marsh & Partners Plc (AIM: BPM), the specialist investor in early-stage financial services businesses, has made an investment in Sodalis Capital Limited, a newly formed insurance intermediary group focusing on UK and international underwriting, wholesale broking and related services. B.P. Marsh has invested £5,337,333 for Cumulative Preferred Shares representing approximately 26.67% of…
Enerin raises €15M to scale high-temperature heat pumps for industrial decarbonization
ASKER — Enerin, a Norwegian technology company specializing in high-temperature heat pumps, announced Thursday it has raised €15 million (NOK 180 million) in a Series A funding round to accelerate the industrial adoption of its clean heating solutions. The round was led by Climentum Capital, with participation from The Footprint Firm, Johnson Controls, Move Energy,…
Cegid to acquire fintech unicorn Shine, creating European SMB software leader
COPENHAGEN – Cegid, a European leader in cloud business software, and Shine, a fast-growing fintech unicorn, announced Wednesday a definitive agreement to merge, creating a new powerhouse in software for small and medium-sized businesses (SMBs) and their accountants across Europe. The combined company aims to form the first fully integrated, cloud-native, and AI-driven financial hub for…
GLORY acquires full control of Acrelec to boost restaurant technology offerings
LONDON – Glory Global Solutions, the international arm of Japanese cash handling giant GLORY Ltd. (TYO: 6457), announced Monday it has acquired the remaining equity shares of Acrelec Group SAS, taking full ownership of the France-based technology company. The acquisition, which follows an initial investment in 2020, solidifies Glory’s strategy to expand its footprint in…
UAE’s EMSTEEL signs $4 bln liquefied natural gas supply deal with ADNOC Gas
ABU DHABI – Emirates Steel Arkan (ADX: EMSTEEL), one of the region’s largest steel makers, has signed a 20-year liquefied natural gas supply agreement with ADNOC Gas worth between $3.5 billion and $4.2 billion, the companies said on Wednesday. The agreement, effective from January 1, 2027, will ensure a stable and reliable supply of natural gas…
Uber launches driverless rides in Abu Dhabi with WeRide
ABU DHABI — Uber on Wednesday rolled out fully driverless rides in Abu Dhabi, marking its fourth market for autonomous vehicles and the first robotaxi service in the Middle East. The ride-hailing giant partnered with Chinese autonomous vehicle company WeRide to deploy the service in select areas of Yas Island. Riders can book a WeRide…
Teppo Paavola appointed as CEO of Enento Group
HELSINKI – Enento Group Plc’s Board of Directors has appointed Teppo Paavola (born 1967) as the new Chief Executive Officer of Enento Group. He will start in the position on 7 January 2026. Paavola will succeed interim CEO Elina Stråhlman, who will continue in her role as the company’s CFO. Teppo Paavola brings deep experience…
ZetaDisplay acquires Swedish-based digital signage integrator Ubiq
STOCKHOLM: ZetaDisplay today announced the acquisition of Swedish-based digital signage integrator Ubiq, a move that further strengthens its position in the domestic market and expands its creative and technical capabilities across key customer verticals. The acquisition, made with Ubiq parent company WOBI AB, represents a bolt-on to ZetaDisplay’s Swedish operations and is designed to strengthen…