ST. LOUIS: Emerson has completed the purchase of 7AC Technologies Inc., a technology start-up offering an emerging approach to air conditioning technology that enables energy savings and sustainable air management, a news release said. Emerson, a longtime leader in advanced heating and cooling technologies, has been collaborating with 7AC to commercialize a new technology that…
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Petrosmith buys Wellflex Energy Solutions
ABILENE: Petrosmith, a leading provider of production equipment and oilfield tubular goods, has bought the assets of Wellflex Energy Solutions LLC, a news release said. Wellflex, headquartered in Fort Worth, Texas, utilizes the latest in design technology to assist in detailed engineering, fabrication and project management to provide customers with the most efficient, fit for…
Able Machinery Movers acquires Diamond E Rigging
DALLAS: Able Machinery Movers announced the acquisition of Diamond E Rigging, a family-owned rigging and heavy equipment relocation business in the Austin / San Antonio area. “Diamond E is a family-owned company and a trusted partner to a substantial customer base – a perfect extension of the Able way of doing business,” said David Krieger,…
Digital Colony appoints Liam Stewart as Managing Director and Chief Operating Officer
BOCA RATON: Digital Colony announced the appointment of Liam Stewart as Managing Director and Chief Operating Officer (COO). Mr. Stewart will be responsible for the ongoing execution and oversight of the firm’s strategic, operational and financial performance, with a particular focus on driving operational improvements at both Digital Colony and its portfolio companies. Mr. Stewart…
Ontic acquires aircraft instruments product line from Flightline Electronics Inc.
CHELTENHAM: Ontic, the aerospace company, has acquired the manufacturing rights of four aircraft instruments from Flightline Electronics Inc, a subsidiary of Ultra Electronics. The electro-mechanical and digital instruments are used on various commercial and military platforms, with supply into leading aircraft manufacturers and operators. The instruments will be manufactured in Ontic’s North Carolina facility. “We…
CoStar Group agrees to acquire Homesnap Inc. for $250 million in cash
WASHINGTON: CoStar Group Inc. has reached an agreement to acquire Homesnap Inc. for $250 million in cash, a news release said. Homesnap is an industry-leading online and mobile software platform that provides user-friendly applications to optimize residential real estate agent workflow and reinforce the agent-client relationship. Over 300,000 agents nationwide use the application an average…
Global payment cards fraud losses to reach $40 billion in 10 years
NEW YORK: SmartMetric Inc. reports fraud losses worldwide reached $27.85 billion in 2018 and are projected to rise to $35.67 billion in five years and $40.63 billion in 10 years according to The Nilson Report, the leading global card and mobile payments trade publication. Losses of $27.85 billion in 2018 were up from $23.97 billion…
PRA Health Sciences appoints senior FDA official Isaac Rodriguez-Chavez
RALEIGH: PRA Health Sciences Inc. announced the appointment of Isaac Rodriguez-Chavez, PhD, MHS, MS, as Senior Vice President, Scientific and Clinical Affairs. He will lead the company’s Global Center of Excellence for Decentralized Clinical Trial (DCT) Strategy. Dr. Rodriguez-Chavez’s responsibilities will involve the continued growth and development of PRA’s industry-leading decentralized clinical trial strategy, regulatory…
Wells Fargo launches WellsOne virtual card payments service
SAN FRANCISCO: Wells Fargo announced today a new solution to help business customers eliminate paper checks by using one-time virtual card numbers to digitally pay invoices through the WellsOne Virtual Card Payments service. Available to WellsOne Commercial Card customers, this service offers a convenient way to make business payments with the security and control of a…
Noodle Partners changes corporate brand name to Noodle
NEW YORK: Noodle Partners, the nation’s fastest growing online higher education network, will shift to become “Noodle,” effective immediately. Noodle is now the brand name of the network of successful EdTech companies with more than 220 employees, founded by John Katzman, which includes Noodle.com — a highly trafficked site to help prospective students find and…
Life360 and Google collaborate to bring family coordination features to Google Assistant enabled devices
SAN FRANCISCO: Life360, the leading safety and coordination service for families worldwide, announced a new collaboration that brings its leading family coordination services to Google Assistant-enabled devices, including Nest smart speakers, Smart Displays, and Android and iOS phones. Life360 members aged 13 and above in the U.S., U.K. and Australia, now have the ability to…
ADS Services acquires PowerChokes from Expro Group
HOUSTON: ADS Services LLC, a Black Bay Energy Capital portfolio company, announced the acquisition of the PowerChokes business unitfrom Expro Americas LLC, a part of the Expro Group. ADS is the Permian Basin leader for cost-effective, reliable, safe, and fully traceable managed pressure drilling (MPD) systems. The acquisition of PowerChokes significantly enhances the ADS geographic…