MELBOURNE: Pathkey.AI Ltd has entered into a binding agreement to acquire Singapore-based Chipforge Pte Ltd, an AI-driven semiconductor design platform, as the Australian technology company moves to extend its artificial intelligence capabilities beyond clinical trial optimisation into chip engineering. The all-scrip transaction, announced Wednesday, would give Pathkey an irrevocable option to buy 100% of…
BRISTOL: Electro-Mechanical, LLC, a leading U.S. manufacturer of medium voltage switchgear and electrical apparatus, announced Friday it has acquired Powercon Corporation, a Maryland-based provider of custom-designed power distribution systems. Founded in 1959, Powercon brings more than six decades of engineering expertise in medium voltage switchgear, e-houses, and modular substation power systems. The acquisition strengthens…
LONDON: Serica Energy plc (AIM: SQZ) is pleased to announce it has signed a sale and purchase agreement to acquire 100% of the issued share capital of Prax Upstream Limited from Prax Exploration & Production Plc. The acquisition is a corporate acquisition of Prax Upstream for a consideration of £14.5 million ($18.9 million). Completion…
LONDON: Hilton Food Group plc, the leading international multi-protein food business, has sold the entire issued share capital of Fairfax Meadow Europe Limited (“Fairfax”) to Sysco GB Ltd, (part of the Sysco Group). The disposal will result in Hilton Foods receiving gross cash proceeds of £54 million and is expected to be earnings dilutive.…
LONDON: Ideagen, a global provider of compliance and risk management software, has acquired Reactec, a leading developer of wearable technology and data analytics for workplace safety, in a move aimed at enhancing health and safety solutions for high-risk industries. The acquisition marks Ideagen’s sixth in 2025 and follows its recent purchase of WorkSafe Guardian.…
LONDON: Laumann Group UK Limited, a subsidiary of the German building products giant Laumann Stiftung & Co. KG, announced Thursday a recommended cash acquisition of Epwin Group plc for approximately £167.3 million. The deal, which values each Epwin share at 120 pence, is intended to be implemented through a court-sanctioned scheme of arrangement. The…
PARIS: EssilorLuxottica signed a definitive agreement to acquire the South Korean company PUcore’s optical division, a move aimed at enhancing its research and production capabilities in high-index ophthalmic lens materials. The acquisition includes PUcore’s R&D unit, manufacturing facility, and sales office dedicated to developing monomers used in thinner, lighter and more sustainable ophthalmic lenses.…
PARIS: The Bonduelle Group finalized the sale of its packaged salad business in France to the LSDH Group on July 17, the company said Friday. The deal, first announced on Aug. 29, 2024, marks Bonduelle’s strategic exit from a segment that has faced a decade-long decline in domestic consumption. The business represented approximately 3.5%…
LONDON: Reckitt Benckiser Group plc announced Friday it will divest its Essential Home business to Advent International in a deal valued at up to $4.8 billion, marking a key milestone in Reckitt’s strategic shift toward a leaner, consumer health-focused portfolio. As part of the transaction, Reckitt will retain a 30% equity stake in Essential…