MILAN – Bending Spoons, one of Europe’s leading technology companies, announced today that it has raised $710 million in equity, based on a pre-money valuation of $11 billion. This funding round was led by accounts advised by T. Rowe Price Investment Management, Inc., with participation from Baillie Gifford, Cox Enterprises, Durable Capital Partners, Fidelity Management…
OrbitsIQ Global has acquired UNIO Enterprise
LUXEMBOURG – OrbitsIQ Global, a global telecommunications company, recently acquired UNIO Enterprise (UNIO), a Munich-based provider of broadband connectivity solutions that merge space-based and terrestrial networks, including 4G and 5G. The terms of the transaction were not disclosed. Founded in 2022 as a joint venture between Isar Aerospace, Reflex Aerospace, Mynaric, and SES, UNIO has…
Canva launches creative operating system
Next era of Canva combines a supercharged Visual Suite, world-first design AI, and powerful tools to grow your brand SYDNEY — Canva, the visual communication platform, announced Thursday its most significant product evolution to date: the launch of a “Creative Operating System.” The move consolidates over a decade of the company’s innovations with a suite of…
X-FAB beats Q3 revenue forecast on strong automotive, medical demand
PARIS – Chipmaker X-FAB on Tuesday reported better-than-expected third-quarter revenue, driven by sustained demand in its key automotive and medical markets, and forecast steady sales for the final quarter of 2025. The analog/mixed-signal foundry group posted quarterly revenue of $228.6 million, an 11% increase from a year earlier and a 6% rise from the previous quarter….
AI cloud firm CoreWeave to acquire open-source notebook maker Marimo
LIVINGSTON – Cloud computing provider CoreWeave Inc said on Thursday it has agreed to acquire Marimo Inc, the creator of an open-source, AI-native notebook for Python, as it builds out its suite of tools for artificial intelligence developers. The acquisition aims to integrate Marimo’s reactive development environment into the CoreWeave Cloud, creating a more unified…
Chariot, ACWA Power sign MoU for southern Africa sustainable energy venture
LONDON – African energy firm Chariot Ltd (AIM: CHAR) said on Tuesday it has signed a Memorandum of Understanding (MoU) with Saudi Arabia’s ACWA Power to explore creating a sustainable energy business focused on southern Africa. The partnership will aim to develop, own and operate a portfolio of transitional power assets, including renewable energy, battery…
Global Interconnection Group gets takeover interest, funding proposals
GUERNSEY – Global Interconnection Group Limited (GIG) said on Thursday it has received expressions of interest from third-party investors, including a formal proposal to acquire the entire company, as well as other proposals for substantial investments. The company, which owns subsea cable and energy interconnection assets, stated it has entered into a term sheet with one…
Spain’s Fluidra Q3 profit jumps 33%, confident on 2025 targets
BARCELONA: Spanish pool equipment maker Fluidra (FLO.MC) reported a 33% rise in nine-month net profit on Wednesday, buoyed by higher sales volumes and prices across its regions, and said it was on track to meet its full-year guidance. The company, a leading supplier of pool and wellness products, posted a net profit of 163 million euros…
Ireland’s Permanent TSB launches formal sale process, state set to exit
LONDON: Irish lender Permanent TSB Group Holdings PTSB.I (PTSB) said on Tuesday it has begun a formal sale process, a move that could see the state sell its remaining stake and end its 17-year ownership of bailed-out banks. The board of PTSB, Ireland’s third-largest bank, said the decision was made with the support of its…
Statkraft divests $1.2 billion in assets as part of strategic overhaul
OSLO: Norwegian state-owned utility Statkraft AS said on Thursday it has signed deals to sell 13.5 billion crowns ($1.2 billion) worth of assets in the third quarter, a key step in a refocused strategy that comes as the company navigates lower power prices and hedging losses. The divestments, which include its district heating business and…
TotalEnergies posted an adjusted net income of $4.0 billion for the three months
PARIS: TotalEnergies reported a steady adjusted net income for the third quarter, matching last year’s level despite a significant drop in oil prices, as increased hydrocarbon production and stronger refining margins helped cushion the blow. The French energy giant on Thursday posted an adjusted net income of $4.0 billion for the three months ending Sept….
Switzerland’s Cicor to buy Britain’s TT Electronics in £287 million deal
LONDON: Swiss electronics manufacturer Cicor Technologies Ltd. has agreed to acquire British rival TT Electronics Plc in a recommended cash and share deal that values TT at approximately £287 million, the companies said on Thursday. The acquisition will create the largest pure-play global electronics manufacturing services (EMS) provider in the high-mix, low-volume sector, which focuses on…