ALPHEN AAN DEN RIJN: Wolters Kluwer Legal & Regulatory has signed an agreement to acquire Libra Technology GmbH (Libra), a Berlin-based provider of AI technology for legal professionals, for up to €90 million, of which €30 million is an upfront payment with the balance being deferred consideration contingent upon reaching certain performance targets. Libra has…
Tag: Germany
HgCapital Trust announces £19 million investment in Diamant Software GmbH
BIELEFELD – HgCapital Trust plc (HgT), today announces an investment of approximately £19 million in Diamant Software GmbH. HgT invests alongside other institutional clients of Hg, which is investing from its Hg Genesis Fund. These figures only relate to HgT’s share of Hg’s overall investment in Diamant Software. HgT, whose shares are listed on the…
Copeland to acquire Germany’s SPH Sustainable Process Heat
OVERATH: Copeland, a global leader in sustainable climate solutions, announced Friday it has reached an agreement to acquire SPH Sustainable Process Heat, a Germany-based industrial heat pump technology company. The acquisition is expected to strengthen Copeland’s industrial heating portfolio, enabling broader delivery of high-temperature heat pump solutions under its Vilter brand. SPH will continue to…
Riverstone Energy to sell Onyx Power to ResInvest Group for $49 million
LONDON: Riverstone Energy Limited (REL) announced the proposed sale of 100% of its interest in Onyx Power to ResInvest Group, a privately owned trading and investment company, supplying key commodities for global markets. Onyx Power is a European-based independent power producer that owns and operates approximately 2,350 MW of gross installed capacity of coal-, gas-,…
Young Germans are investing in stocks and ETFs instead of real estate
BERLIN: A profound generational shift is underway in Germany, a nation long known for its conservative financial habits and a deep-seated love for Betongold (concrete gold), or real estate. The newest generation of investors, Gen Z and Millennials, are boldly turning away from traditional assets and embracing the stock market as their primary vehicle for long-term wealth…
Compass Group to acquire premium european food services firm Vermaat Groep for €1.5 billion
LONDON: Compass Group PLC (LSE: CPG), a global leader in food services, said Tuesday it has agreed to acquire Netherlands-based Vermaat Groep B.V. for an enterprise value of approximately €1.5 billion, expanding its premium food offerings across Europe. Vermaat is a multi-sector operator known for its customized on-site food concepts and consumer-oriented retail services. With…
BNP Paribas to acquire HSBC’s German Custody Business
FRANKFURT: BNP Paribas announced Thursday that its Securities Services business has agreed to acquire the custody and depositary bank operations of HSBC Continental Europe S.A. in Germany, pending regulatory approvals. The deal will bolster BNP Paribas’ position as a top custodian and depositary bank in Germany, aligning with its growth strategy in institutional funds and financial…
Commerzbank to cut 3,900 jobs in Germany by 2028 amid strategic overhaul
FRANKFURT: Commerzbank, Germany’s second-largest lender, announced Thursday it will eliminate 3,900 full-time positions by 2028, primarily in Germany. This move is part of a broader strategic overhaul aimed at maintaining its global headcount at 36,700, despite planned staffing increases in selected international locations. In its strategic update, Commerzbank projected it would incur around 700 million…
Oakley Capital has agreed to acquire vitroconnect in Germany
LONDON: Oakley Capital Investments Limited (OCI) announced that Oakley Capital Origin II2 (Origin II) has agreed to acquire vitroconnect, a leading broadband open access platform business in Germany. This will be the first platform investment made by Origin II. OCI’s indirect contribution to Origin II is anticipated to be up to £19 million, which relates…
Fast Fitness Japan acquires Eighty-8 Health & Fitness GmbH
TOKYO: Fast Fitness Japan Inc., the master franchisee of Anytime Fitness clubs in Japan, has expanded its global footprint by acquiring Eighty-8 Health & Fitness, GmbH. This strategic move grants Fast Fitness Japan the master franchisee rights for Anytime Fitness in Germany, with Eighty-8 continuing operations as a subsidiary. The expansion is bolstered by the…
Germany approves the legalisation of recreational cannabis
SYDNEY, AUSTRALIA: Althea Group Holdings Limited (ASX:AGH) (‘AGH’, or ‘the Company’), a global leader in the manufacturing, sales, and distribution of cannabis-based medicines and recreational cannabis products, is delighted to share pivotal developments in Germany’s approach to cannabis. Overview of Legislation Approval The Federal Council of Germany has given its approval to the bill legalising…
Tide, UK’s top business financial platform, launching in Germany
Tide, the United Kingdom’s premier business financial platform, has announced its launch in Germany. This expansion marks Tide’s second international venture, hot on the heels of its successful foray into the Indian market last year. Tide has carved a niche in the UK by offering a suite of highly integrated finance and administrative solutions tailored…