HELSINKI: Sampo Group CEO Torbjörn Magnusson will step down this fall after informing the company’s board of his decision to retire, the company announced Wednesday. Morten Thorsrud, CEO of Sampo’s largest subsidiary, If P&C, has been appointed as his successor. The leadership transition will take effect Oct. 1, 2025. Magnusson will remain with the company…
Lithium Universe acquires secures global rights to innovative solar panel recycling technology
SUBIACO: Lithium Universe Limited (ASX: LU7) has announced a binding agreement to acquire worldwide rights to a groundbreaking photovoltaic (PV) solar panel recycling technology developed by Macquarie University. The patented “Microwave Joule Heating Technology” (MJHT) promises to revolutionize the recycling of end-of-life solar panels by enabling efficient recovery of valuable materials like silver, silicon, gallium…
Codeifai to acquire Trust Codes in strategic deal to lead AI-powered QR code market
SYDNEY: Codeifai Limited (ASX: CDE), a pioneer in AI-driven QR code and brand protection solutions, announced Wednesday it has entered a binding agreement to acquire its competitor, Trust Codes Global Limited, in a deal poised to reshape the digital traceability industry. The acquisition, described as a “watershed moment” by Codeifai executives, combines two leaders in…
PZ Cussons sells stake in PZ Wilmar, Updates FY25 trading performance
LONDON: PZ Cussons plc announced Wednesday the sale of its 50% stake in Nigerian edible oils business PZ Wilmar to joint venture partner Wilmar International Limited for $70 million (£51 million). The sale, part of a broader portfolio transformation, is expected to net approximately $64 million (£47 million) after taxes and fees. Proceeds will be…
Valereum Plc appoints Gary Cottle as its new Chief Executive Officer
LONDON: Valereum Plc (AQSE: VLRM) announced the appointment of Gary Cottle as its new Chief Executive Officer (CEO), with immediate effect. Gary brings a wealth of leadership experience, spanning investment banking, digital infrastructure, and capital markets. His proven track record of strategic execution and innovation will be instrumental as Valereum accelerates its growth strategy and…
Diamond Properties expands industrial portfolio with Ohio acquisitions
CINCINNATI: Diamond Properties, a real estate investment firm, has acquired two industrial properties in Ohio, strengthening its presence in logistics and distribution markets. The properties include 621 Wilmer Avenue in Cincinnati, a 79,544-square-foot industrial facility, and I-271 Commerce Center in Mayfield Village, a 90,560-square-foot facility in the Cleveland metropolitan area. Both assets are fully occupied….
Materna Medical closes $20 million Series B2 funding, announces new product name
MOUNTAIN VIEW: Materna Medical Inc., a women’s pelvic health company, has secured additional funding in its ongoing $20 million Series B2 financing round. New investors GLIN Impact Capital, Wealthing VC Club and Citrine Angels joined the round, led by InnovaHealth Partners and existing backers Wavemaker Three-Sixty Health, Kimera Limited, Women’s Venture Capital Fund and Golden…
U.S. stock markets slide as Israel-Iran tensions spark market jitters
Major Indexes Drop Amid Geopolitical Uncertainty U.S. stocks tumbled Tuesday afternoon as escalating tensions between Israel and Iran fueled fears of deeper U.S. involvement in the conflict, rattling investor confidence. The Dow Jones Industrial Average (DJI) plunged more than 300 points, or 0.8%, to 42,190 by 2:10 p.m. Eastern time, hovering near its session low. The S&P 500 (GSPC) slid 0.9%, while the Nasdaq Composite…
Everfield acquires Denmark-based OnlinePOS in Nordic expansion move
RANDERS: Everfield, a European long-term software investor, has acquired OnlinePOS, a Danish provider of point-of-sale (POS) solutions for the hospitality and events sector, marking its first acquisition in Denmark and a significant step in its Nordic expansion. Founded in 2008, OnlinePOS offers a modular POS platform tailored for HORECA businesses, integrating traditional POS functionalities with…
Stearman Resources to acquire NeoCore Uranium in share deal, announces financing
VANCOUVER: Stearman Resources Inc. (CSE:STMN) said Tuesday it has agreed to acquire all outstanding shares of NeoCore Uranium Ltd., a private British Columbia-based company holding a uranium property in Saskatchewan’s Athabasca Basin. Under the deal, Stearman will issue 7.5 million common shares at $0.05 per share to NeoCore shareholders. The transaction, expected to close by…
D3 Energy expands helium exploration, hydrogen portfolio with South Australian acquisition
SYDNEY: Australian helium exploration company D3 Energy Ltd. (ASX: D3E) has acquired two exploration permits in South Australia’s Arckaringa Basin, broadening its footprint in the growing helium and hydrogen sector. The acquisition, completed through the purchase of Unleash Energy Pty Ltd., includes exploration permits PEL 121 and PEL 122. The Arckaringa Basin has become an…
Ardurra acquires Florida cultural resource management firm Janus
MIAMI: Ardurra Group Inc., a top U.S. engineering firm, has acquired Tampa-based Janus Research Inc., a 40-year-old cultural resource management (CRM) specialist, in a move that strengthens its ability to handle preservation-related projects in Florida. The deal positions Ardurra, ranked #75 on Engineering News-Record’s Top 500 list, as one of the state’s top three CRM…