Financial news, corporate announcements, analysts’ reports
Graycliff Partners LP has successfully sold Ballymore Safety Products to One Equity Partners (OEP), a prominent middle-market private equity firm. Ballymore, renowned for its innovative vertical access and material handling safety products, is poised for further growth under new ownership. Over the past three years, Ballymore has seen a period of remarkable transformation, attributed to…
MELBOURNE: Careteq Limited (ASX: CTQ), a clinical healthtech company specializing in innovative medication management, has announced a strategic partnership with MedicAlert Foundation Australia to improve health outcomes for Australians with complex medical conditions. The collaboration aims to address medication-related harm by combining MedicAlert’s medical identification services with Careteq’s medication management expertise. Medication-related harm is a…
LONDON, UK: Quanex Building Products Corporation has reached agreement on the terms of a recommended cash and share offer to acquire Tyman Plc. The transaction is intended to be implemented by means of a court-sanctioned scheme of arrangement under Part 26 of the Companies Act. Under the terms of the transaction, Tyman shareholders will be…
Resco Products, Inc., under Balmoral Funds LLC, is set to be acquired by Austria-based RHI Magnesita in a deal valued at up to $430 million. RHI Magnesita, a major player in the refractory product market and listed on the London Stock Exchange, aims to enhance its North American presence with this acquisition. “This transaction is…
Motorola Solutions (NYSE: MSI) and Google Cloud have announced a long-term partnership to develop cloud-based solutions for Motorola Solutions’ safety and security products. The collaboration will focus on enhancing assistive intelligence, video content delivery, mapping and AI capabilities to address real-world safety challenges. Motorola Solutions’ chief technology officer Mahesh Saptharishi said the partnership will make…
Google announced on Wednesday the launch of Gemini, its largest and most capable artificial intelligence model, which it claims can outperform human experts on a wide range of tasks. Gemini is a large language model that can understand, operate across and combine different types of information, including text, code, audio, image and video. Gemini will…
Ant Group, the financial affiliate of e-commerce giant Alibaba Group, has officially received approval from the Chinese government to release products powered by its groundbreaking “Bailing” artificial intelligence (AI) large language model to the public. A spokesperson for the Chinese firm made this announcement on Monday, marking a significant milestone in the company’s endeavors to…
Are you a cyclist who wants to get better at ensuring your own safety? Then you need to read on for our ultimate guide on cycling safety. Here, we will be detailing everything that you need to consider before getting behind the handlebars. From safety gear to knowing when to pull over, we will break…
It’s no secret that product trials can be costly for businesses. Not only do you have to invest in the products themselves, but you also have to factor in the cost of shipping and handling. And if the product isn’t a hit with customers, you’re stuck with all of those expenses and no sales to…
LONDON, UK: Cellular Goods (LON: CBX), a UK-based provider of premium consumer products formulated with lab-made cannabinoids, has launched the inaugural product ranges and ecommerce platform, found at cellulargoods.co. The launch comprises two product ranges and comes just nine months after the start-up of the Company’s commercial operations following its flotation on the London Stock…
LONDON, UK: Bunzl plc, the specialist international distribution and services Group, has entered into agreements to acquire a US based safety business and a medical supplies distributor with operations in Australia and Singapore. McCue Corporation (McCue), based in Boston, Massachusetts, is a leading business in the distribution of safety and asset protection solutions, and provides…
SYDNEY, AUSTRALIA: Family Zone Cyber Safety has entered into an unconditional share purchase agreement to acquire the Smoothwall business through the acquisition of 100% shares in TopCo Oasis Limited and its subsidiaries for £75.5 million. The consideration includes £65 million payable at completion of the Acquisition (scheduled for Monday 12 August 2021, UK time following…