NEW YORK: Blackstone (NYSE: BX) announced Thursday that private equity funds affiliated with the firm have entered into a definitive agreement to acquire Shermco, a leading provider of full life-cycle electrical equipment services, from Gryphon Investors. The transaction values Shermco at approximately $1.6 billion. Founded in 1974, Shermco is one of the largest electrical…
BHP declared a final dividend of 60 U.S. cents per share SYDNEY: BHP Group Ltd (BHP.AX) on Tuesday reported a 14% rise in attributable profit to $9.0 billion for the year ended June 30, 2025, buoyed by record copper and iron ore production, despite an 8% drop in revenue amid weaker commodity prices. The…
LONDON: Aterian plc (LSE: ATN), a critical mineral exploration and development company, has signed a pioneering Memorandum of Understanding with a stealth-stage machine learning start-up spun out from the University of Cambridge. The start-up, backed by the Royal Academy of Engineering and Entrepreneurs First, specializes in advanced computational modeling for mineral exploration. Under the…
LONDON: National Grid plc (NG.L) said on Thursday it has agreed to sell its Grain LNG business to a consortium comprising Centrica plc and Energy Capital Partners LLC, part of Bridgepoint Group plc, for approximately £1.66 billion including a pre-completion dividend. The sale marks a further step in National Grid’s strategy to streamline operations…
PERTH: Engineering and remediation contractor Duratec Ltd. has acquired 100% of AMD Electrical Pty Ltd., trading as EIG Australia, in a deal worth up to 9 million Australian dollars, the company announced Friday. The acquisition strengthens Duratec’s position in the national fuel infrastructure market and expands its self-perform capabilities across the Defence, Mining &…
PARIS: Bureau Veritas has stepped up its portfolio diversification strategy with three acquisitions designed to strengthen its presence across high-growth technical sectors. The global Testing, Inspection, and Certification (TIC) firm announced agreements to acquire specialized companies in Germany, Denmark, and South Korea, aligning with its LEAP I 28 growth strategy. Bureau Veritas will acquire…