NASHVILLE: Celero Commerce announced the acquisition of Community Bankers Merchant Services (CBMS), a provider of electronic transaction processing through community and regional banks nationwide. Celero Commerce is a U.S. non-bank payment processor. With the addition of Arkansas-based CBMS, Celero will serve over 53,000 merchants nationwide, processing approximately $21 billion in annual card volume. Founded in…
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AeroVironment has acquired Planck Aerosystems
ARLINGTON: AeroVironment Inc. (NASDAQ: AVAV) has acquired Planck Aerosystems Inc., a leading provider of advanced unmanned aircraft navigation solutions. The acquisition will significantly accelerate AeroVironment’s development of advanced autonomy capabilities. Founded in 2014, Planck Aerosystems has worked closely with customers from the U.S. Department of Defense, security agencies, allied governments and offshore industrials to develop…
CI&T signs deal to acquire Transpire Technology for AUD 23.4mn
NEW YORK: CI&T (NYSE: CINT), a global digital specialist, executed a sale and purchase agreement to acquire Transpire Technology Pty Ltd, an award-winning Australian technology consultancy, to enhance its growth in APAC. The purchase price for the acquisition is AUD 23.4 million (USD 16.4 million). Since 2009, Transpire has been the trusted technology partner of…
Ace Hardware to open 60 more stores by the end of the year
OAK BROOK, ILLINOIS: Ace Hardware, the largest retailer-owned hardware cooperative in the world, plans to open at least an additional 60 more new stores by the end of the year. The company recently celebrated the opening of its 105th new store in 2022. Ace Hardware Corporation is an American hardware retailers’ cooperative based in Oak…
Accenture has acquired YSC Consulting
LONDON, UK: Accenture (NYSE: ACN) has acquired YSC Consulting, a CEO advisory and leadership consultancy that helps organizations align leadership strategies with their business goals to achieve transformational change. The acquisition strengthens Accenture’s capabilities to advise the CEO, C-Suite, and Board with solutions to boost performance and build leadership teams for the future. Terms of…
Catalent Inc to acquire Metrics Contract Services for $475 million
SOMERSET, N.J.: Catalent Inc. (NYSE: CTLT) has reached an agreement to acquire Metrics Contract Services, a full-service specialty Contract Development and Manufacturing Organization (CDMO) with a facility in Greenville, North Carolina, for $475 million from Mayne Pharma Group Limited (ASX: MYX). Upon completion, the acquisition will strengthen Catalent’s capabilities in integrated oral solid formulation development,…
Boeing to start deliveries of its 787 Dreamliners aircraft in few days
ARLINGTON, USA: Boeing (NYSE: BA) will resume deliveries of its 787 Dreamliners aircraft in the coming days, nation’s Federal Aviation Administration said on Monday. Deliveries of the wide-body jetliners have been suspended for much of the past two years as regulators and Boeing reviewed a series of manufacturing flaws. American could receive a new Dreamliner…
Cyclyx commissions new plastics laboratory in New Hampshire, USA
PORTSMOUTH: Cyclyx International, a consortium-based post-use plastic innovation company with a mission to increase the recyclability of plastic from 10% to 90%, has announced the opening of a new plastics testing laboratory location in Portsmouth, New Hampshire, which will serve as an important asset to Cyclyx as it continues to grow and develop its recently…
Macau Property Fund sells units in The Waterside Macau
HONG KONG: Macau Property Opportunities Fund Limited, managed by Sniper Capital Limited, today announces the sale of four units located in its flagship property, The Waterside Macau, for a combined HK$113.4 million (c.US$14.4 million). On 25 July 2022, the sale of two units was completed in full for a gross consideration of HK$70.9 million (c.US$9.03…
Huawei Announces a New Versatile Suite of Cloud Solutions
BEIJING, CHINA: Huawei’s President of Marketing and Solution Sales Dept, Peng Song and Director of IT Marketing & Solution Sales, Chen Xuejun highlighted opportunities for operators to adopt cloud transformation at Huawei Global Carrier Cloud Transformation Summit followed by the announcement of Huawei’s first suite of global scenario-based cloud solutions. Peng Song, spoke about the…
Green sites, green networks, and green operations: Win-Win Innovation Week
Win-Win Innovation Every major advancement in history has been accompanied by a significant improvement in the energy efficiency of information transmission. The increase in carbon emissions generated by exploding data traffic will become a global problem that must be tackled in the next five to ten years. To help operators achieve these goals, Huawei has…
Elon Musk terminates $44bn Twitter acquisition deal
HOUSTON: Elon Musk has said he is terminating a $44bn deal to buy Twitter, saying the social media company did not provide information about fake or spam accounts on the platform. In a filing to the Security and Exchange Commission (SEC) on Friday, Musk’s lawyers said Twitter had failed or refused to respond to multiple requests for information on…