ADELAIDE: Wolters Kluwer Health has announced the acquisition of IntelliLearn Pty Ltd., an Australian-based provider of online healthcare training solutions for nursing schools in Australia and the U.S. The move strengthens Wolters Kluwer’s position in nursing education, integrating IntelliLearn’s offerings into its Health, Learning, Research & Practice (HLRP) division. According to a statement, IntelliLearn, founded in 2010…
DFI Retail Group divests shares in Robinsons Retail
LONDON: DFI Retail Group Holdings (DFI) announced the sale of 315,309,310 common shares in Robinsons Retail Holdings, Inc. (“RRHI”), representing approximately 22.2% of RRHI’s outstanding shares. The transaction aligns with DFI’s strategic shift from a portfolio investor to a focused operating company, allowing the Group to divest minority holdings and reallocate capital toward subsidiary growth and higher…
Dai-ichi Life Holdings, M&G form strategic partnership with $6 billion investment target
LONDON: Dai-ichi Life Holdings, Inc. and British asset manager M&G plc announced a long-term strategic partnership Wednesday, combining asset management and life insurance expertise with plans for cross-border growth and a potential 15% stake acquisition by the Japanese insurer. Under the agreement, M&G will become Dai-ichi Life’s preferred European asset manager, with a target of…
AdvancedAdvT Limited acquires Goss Technology Group in £13.5 million deal
LONDON: AdvancedAdvT Limited (AIM: ADVT), an international software solutions provider, announced Tuesday the acquisition of Goss Technology Group Limited, a digital transformation specialist for the public sector, in a deal worth approximately £13.5 million. The total consideration includes £8.5 million in cash from existing resources and £5.0 million in AdvT ordinary shares. After accounting for…
Corporación América Airports acquires full ownership of Corporación América Italia
BUENOS AIRES: Corporación América Airports S.A. (NYSE: CAAP), one of the world’s largest private airport operators, announced Thursday it has acquired the remaining 25% stake in its Italian subsidiary, Corporación América Italia S.p.A. (CAI), from the Investment Corporation of Dubai (ICD). The transaction, completed through a share swap agreement, gives CAAP full ownership of CAI, which holds a 62.28%…
Sagtec to acquire Smart Bridge in $17.6 million deal, expanding AI capabilities
HONG KONG: Sagtec Global Limited (NASDAQ: SAGT), a leading provider of customizable software solutions, announced Thursday it has signed a term sheet to acquire Smart Bridge Technology Limited, a fast-growing agentic AI software company, for approximately $17.6 million. The proposed deal, priced at roughly 10 times Smart Bridge’s price-to-earnings ratio, is pending a definitive agreement…
JDC Power Systems appoints John Raio as CEO
CONCORD: JDC Power Systems, a leading electrical systems integrator for the data center market, announced Thursday the appointment of John Raio as CEO, effective immediately. Raio brings over 25 years of leadership experience in critical infrastructure, most recently serving as CEO and founding member of Quality Uptime Services, where he expanded the company into a national…
Audi, Indra, Qualcomm launch toll payment project to ease congestion
SUNTRX TEST FACILITY: Indra, Audi of America and Qualcomm Technologies, Inc. are collaborating on a joint project to develop next-generation toll payments using cellular vehicle-to-everything (C-V2X) technology. According to a statement, The initiative aims to reduce congestion, standardize payments nationwide and improve the driver experience. The system, based on the global SAE J3217 C-V2X standard, allows…
UK government plans to double pension megafunds to boost investment, improve returns
LONDON: Millions of British workers could retire with larger pension pots under government plans to double the number of U.K. pension “megafunds” by 2030, unlocking billions for domestic investment. Reforms set out in the upcoming Pension Schemes Bill will require multi-employer defined contribution (DC) pension schemes and Local Government Pension Scheme (LGPS) pools to manage at least…
Xiaomi unveils Tesla Model Y competitor YU7 in Beijing showrooms
Xiaomi introduced its latest electric SUV in Beijing on Thursday, marking another step in the smartphone maker’s ambitious push into China’s competitive auto market. The YU7, positioned as a rival to Tesla’s popular Model Y, is now on display at 13 Xiaomi retail locations across the capital, with pre-orders set to begin in July. The launch follows the…
TotalEnergies sells 12.5% stake in Nigerian offshore field for $510 million
PARIS: TotalEnergies announced Wednesday that its subsidiary, TotalEnergies EP Nigeria Ltd., has agreed to sell its 12.5% non-operated interest in Nigeria’s OML118 Production Sharing Contract to Shell Nigeria Exploration and Production Company Ltd. for $510 million. The OML118 PSC, located about 120 kilometers (75 miles) south of the Niger Delta, includes the Bonga field, which began production…
Helium Ventures to rebrand as VaultZ Capital, plans bitcoin treasury strategy
LONDON: Helium Ventures plc announced Tuesday a series of strategic moves, including a proposed name change to VaultZ Capital plc, a £1.2 million ($1.5 million) equity fundraise and plans to establish a Bitcoin treasury function. The company entered a non-binding memorandum of understanding with Cayman Islands-based NewQube Holdings Ltd. to manage Bitcoin investments through a…