SYDNEY: Xamble Group Limited (ASX:XGL), a prominent Southeast Asian influencer technology platform, has announced a strategic investment in B Infinite, one of Malaysia’s top lifestyle-based customer loyalty programs. The investment, made alongside a consortium led by 7-Eleven Malaysia, positions Xamble to further enhance its influencer marketing and social commerce ecosystem. The consortium, comprising Xamble, 7-Eleven…
Stellantis appoints Antonio Filosa as new CEO
MILAN: Auto giant Stellantis appointed North American Chief Operating Officer Antonio Filosa as its new chief executive Wednesday, ending a monthslong search to fill the company’s leadership void. The multinational conglomerate, which owns brands including Jeep, Dodge, Fiat, Chrysler and Peugeot, said it will hold an extraordinary shareholder meeting in the coming days to elect…
Signify names As Tempelman as new CEO
EINDHOVEN: Signify (Euronext: LIGHT), the world’s leading lighting company, announced Wednesday that As Tempelman will become its new chief executive officer starting Sept. 1, pending his appointment to the Board of Management. Current CEO Željko Kosanović will remain interim leader until then. “We are thrilled to appoint As Tempelman as CEO of Signify,” said Gerard…
Playtech Plc signs deal to sell HAPPYBET Germany
LONDON: Playtech plc (LSE: PTEC), along with its subsidiaries (the “Playtech Group”), has announced a definitive agreement with NetX Betting Ltd., a subsidiary of Frankfurt-listed German operator pferdewetten.de AG, regarding the sale of its HAPPYBET business in Germany. The move follows Playtech’s decision to close its Austrian HAPPYBET operations in late 2024 and initiate a…
Seed Capital Solutions proposes acquisition of Cuarta Dimension Medica SL
LONDON: Seed, a London-listed company, said Thursday it has entered into non-binding heads of terms and an exclusivity agreement to acquire Spanish AI-driven imaging diagnostics firm Cuarta Dimension Medica SL (“4DM”). The proposed deal would see Seed issue new shares to 4DM’s shareholders, who would own approximately 90% of the enlarged company, while Seed’s existing…
Rentokil Initial to sell France Workwear Business to H.I.G. Capital for €410 million
LONDON: Rentokil Initial plc has entered into an agreement to sell its France Workwear business to H.I.G. Capital in a transaction valued at approximately €410 million ($465 million), the company announced Wednesday. According to details, H.I.G. Capital has signed a binding put option, committing to complete the acquisition once consultations with employee representatives and regulatory…
Rémy Cointreau announce Franck Marilly as Chief Executive Officer of the Group
The Board of Directors is pleased to announce the arrival of Franck Marilly as the Group’s Chief Executive Officer. He will take office on June 25, 2025, succeeding Éric Vallat. With a rich professional background of more than 30 years within renowned luxury and cosmetics groups, such as Chanel, Unilever and the Japanese group Shiseido,…
Aurora Labs signs MoU with Mayman Aerospace to develop 3D-printed propulsion systems
CANBERRA: Aurora Labs Limited (ASX: A3D), an Australian industrial 3D printing company, announced Wednesday it has entered a Memorandum of Understanding (MoU) with U.S.-based Mayman Aerospace to explore collaborative opportunities in advanced propulsion systems for vertical take-off and landing (VTOL) aircraft. The two-year agreement focuses on developing 3D-printed micro gas turbines for integration into Mayman…
MariaDB acquires Codership Oy the developer of Galera Cluster
HELSINKI: MariaDB plc announced Tuesday the acquisition of Finland-based Codership Oy, the developer of Galera Cluster, a high availability database solution known for ensuring uptime, preventing data loss and scaling with database growth. As part of the deal, Codership’s core team, including its founders, will join MariaDB, expanding the company’s European engineering and technical support operations. Galera…
Salesforce to acquire Informatica in $8 billion deal to boost AI efforts
SAN FRANCISCO: Salesforce announced Tuesday it is buying cloud data management firm Informatica in an $8 billion deal as the enterprise software giant expands its push into artificial intelligence. The acquisition will integrate Informatica’s data catalog, integration and governance services with Salesforce’s AI platform, Agentforce, the company said. “Truly autonomous, trustworthy AI agents need the most comprehensive…
Mayville Engineering Company to acquire Accu-Fab for $140.5 million
Mayville Engineering Company (NYSE: MEC), a leading provider of design and manufacturing solutions, announced Monday it has reached a definitive agreement to acquire Accu-Fab, LLC, a contract metal fabricator, from Tide Rock Holdings for $140.5 million. The deal, expected to close in the third quarter of 2025, is subject to customary closing conditions. Accu-Fab specializes…
CapAI forms strategic AI alliance with U.S. based R42 Group
LONDON: CapAI plc (LSE: CPAI) announced Tuesday that it has entered into a strategic alliance agreement with U.S.-based venture capital firm R42 Group, Inc., in a move aimed at expanding early-stage artificial intelligence (AI) development opportunities. The AI alliance, effective June 1, strengthens CapAI’s three-pillar operating strategy of identifying, incubating, and inventing AI innovations. Under the agreement,…