LONDON, UK: Coats Group, the world’s leading industrial thread manufacturer, has signed a definitive agreement to acquire 100% of Rhenoflex GmbH, one of the leading global manufacturers of sustainable structural material solutions for the footwear industry, for an enterprise value of €115 million (c.$117m). Following the recent acquisition of Texon, this represents a synergistic bolt-on…
Disc Medicine Inc to merge with Gemini Therapeutics
LONDON, UK: Disc Medicine Inc. has entered into a definitive agreement to merge with Gemini Therapeutics Inc. (Nasdaq: GMTX) in an all-stock transaction. Disc Medicine is a portfolio company of Arix Bioscience plc. The merger will create a Nasdaq-listed clinical-stage biopharmaceutical company. The combined company will focus on advancing Disc’s pipeline of haematology programmes, including…
Purchasing a Property Abroad for Your Business? Here’s What You Should Know
So, you’re thinking about purchasing a property abroad. It’s a big decision, and there’s a lot to think about before taking the plunge. There are many potential pitfalls when it comes to buying property in another country, so it’s important to do your research and seek professional advice before making any decisions. This article will…
TaxBit Network Enables Free Filing of Crypto Taxes for Member Firms
Software firm TaxBit based in Utah launched the TaxBit Network. Large crypto companies such as Gemini, Coinbase, and SuperRare, comprise TaxBit Network, which permits customers of affiliated companies to gain access at no charge with 2021 crypto tax forms. TaxBit CEO and co-founder Austin Woodward explained to CoinDesk that he plans to simplify the crypto…
Westminster Aviation Security Services awarded security training contract within the UK
LONDON, UK: Westminster Group, the AIM listed supplier of managed security services and technology-based security solutions to governments and government agencies, non-governmental organisations (NGOs) and blue-chip commercial organisations worldwide, announced that Westminster Aviation Security Services Ltd, Westminster Group’s aviation specialists have recently been awarded a contract for aviation security training contract within the UK. The…
RS Group agrees to acquire Mexico based Risoul for US$275 million in cash
LONDON, UK: RS Group signed an agreement to acquire Risoul y Cia, S.A. de C.V. (Risoul), a family-owned distributor of industrial and automation product and service solutions in Mexico, for a cash consideration of US$275 million. The consideration represents an acquisition multiple of c. 12x adjusted EBIT on a 12-month basis to 30 June 2022,…
Accenture has acquired YSC Consulting
LONDON, UK: Accenture (NYSE: ACN) has acquired YSC Consulting, a CEO advisory and leadership consultancy that helps organizations align leadership strategies with their business goals to achieve transformational change. The acquisition strengthens Accenture’s capabilities to advise the CEO, C-Suite, and Board with solutions to boost performance and build leadership teams for the future. Terms of…
Catalent Inc to acquire Metrics Contract Services for $475 million
SOMERSET, N.J.: Catalent Inc. (NYSE: CTLT) has reached an agreement to acquire Metrics Contract Services, a full-service specialty Contract Development and Manufacturing Organization (CDMO) with a facility in Greenville, North Carolina, for $475 million from Mayne Pharma Group Limited (ASX: MYX). Upon completion, the acquisition will strengthen Catalent’s capabilities in integrated oral solid formulation development,…
Genex Power acquires 2GW battery development project
SYDNEY, AUSTRALIA: Genex Power Limited (ASX:GNX) has entered into the transaction documents with Solar Choice Pty Ltd to acquire a 100% interest in the development rights for the up to 2GW multi-stage Bulli Creek Clean Energy Project located approximately 100km south-west of Toowoomba in south east Queensland. The first stage of the Project is anticipated…
DEWA invests in AI & machine learning to improve efficiency, reduce costs
DUBAI, UAE: Dubai Electricity and Water Authority (DEWA)’s R&D Centre employs Artificial Intelligence (AI), Machine Learning (ML) and Deep Learning (DL) to promote DEWA’s efforts to enrich the experience of customers, employees, and stakeholders. This also aims to reduce costs and carbon emissions in addition to promoting energy efficiency, smart grid integration and improving the…
How Large Is The Biopharmaceutical Industry?
The biopharmaceutical industry’s business models are anticipated to be altered during the next two decades by five forces, both within and outside the sector, which will necessitate that current participants assess altering markets and choose how they will compete. A wide spectrum of diseases will continue to be treated or cured by biopharmaceutical businesses in…
CBRE Investment Management acquires CapMan Infra’s stake in Norled
LONDON, UK: CBRE Investment Management (CBRE IM) and CapMan Infra, which each acquired a 50 per cent stake in leading Norwegian ferry and express boat operator Norled AS in 2019, have now entered into an agreement for CBRE IM to acquire the entire stake managed by CapMan. CBRE Investment Management is making the investment on…