HONG KONG: Chinese electric vehicle manufacturer BYD has launched a Hong Kong share sale to raise up to $5.2 billion, according to a term sheet reviewed by Reuters on Monday. The accelerated book-building process has set a price range of HK$333-HK$345 per share, reflecting an up to 8.4% discount from BYD’s closing price of HK$363.60….
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Mountain West Utility Trailer acquires Utility Trailer Sales Company of Arizona
SALT LAKE CITY: Utility Trailer Manufacturing Company has announced that Mountain West Utility Trailer, Inc. has acquired Utility Trailer Sales Company of Arizona. Earlier this year, Mountain West Utility Trailer, Inc. was established when Utility Trailer Sales of Utah acquired Utility Trailer Sales of Idaho. The new dealer group is led by President and CEO…
Viant Technology has bought Lockr, a first-party data collaboration platform,
IRVINE: Viant Technology Inc. (NASDAQ: DSP), a leader in connected TV (CTV) and AI-powered programmatic advertising, has announced the acquisition of Lockr, a pioneering first-party data collaboration platform. Lockr enables content owners to collect, enrich, and activate first-party data efficiently. Keith Petri, the founder of Lockr, will continue to serve as its CEO. “Addressability is the…
GS Foods Group acquires The Danielsen Company in Northern California
CHICO: GS Foods Group, Inc., a leading specialized food distributor owned by affiliates of Highview Capital, LLC (“Highview”) and A&M Capital Partners (“AMCP”), announced today the acquisition of The Danielsen Company, a trusted foodservice provider based in Chico, California. This acquisition combines GS Foods’ national expertise with The Danielsen Company’s long-standing commitment to customer satisfaction, delivering…
J.C. Flowers & Co. has acquired Pepper Advantage
Pepper Advantage, a premier credit management firm operating across Europe and Asia, today announced the completion of its acquisition by J.C. Flowers & Co., a private investment firm specializing in the financial services industry. The financial terms of the deal were not disclosed. The acquisition marks a significant milestone for Pepper Advantage, which will maintain its independence…
Sika expands UK roofing market with acquisition of Cromar Building Products
Sika, a global specialty chemicals company, has announced the acquisition of Cromar Building Products, a prominent supplier of roofing systems in the United Kingdom. The acquisition is expected to open up significant cross-selling opportunities and support Sika’s continued expansion in the UK roofing sector. Cromar is well-known for its innovative product offerings, technical expertise, and exceptional…
Bekaert sells steel wire businesses in Costa Rica, Ecuador, Venezuela for $73 million
BRUSSELS: Bekaert has reached an agreement to sell its Steel Wire Solutions businesses in Costa Rica, Ecuador, and Venezuela to Grupo AG, the company announced today. The transaction values the entities at approximately $73 million and is expected to yield net proceeds of about $37 million for Bekaert. The deal is slated to close in…
NAES & Gecko secure $100M deal to revolutionize American power grid with AI & Robotics
NAES, the largest independent power operator in the U.S., and Gecko Robotics have formed a strategic partnership to enhance the reliability and operational efficiency of American power production. The announcement follows President Trump’s declaration of a national energy emergency on January 20th. The initial multi-year agreement, valued at over $100 million, includes an option to…
ServiceNow acquires Quality 360 to bolster manufacturing capabilities
STOCKHOLM: ServiceNow (NYSE: NOW), the AI platform for business transformation, has announced the acquisition of the Quality 360 solution from Advania to strengthen its foothold in the manufacturing sector. Quality 360, originally developed on the ServiceNow platform, will enhance quality management within the ServiceNow Manufacturing Commercial Operations (MCO) solution, providing manufacturers with proactive, data-driven insights to tackle…
Eppinger Technologies to divest rotary table product line
NEW YORK: Eppinger Technologies, a leading designer and manufacturer of high-precision tooling solutions, announced Tuesday an agreement to divest its rotary table product line. As part of the deal, the company will retain exclusive distribution rights for the products in North America after commercialization. The divestment is part of Eppinger’s strategy to focus on its core product…
MotoBike Istanbul 2025 to showcase global two-wheeler industry at Istanbul Expo Center
ISTANBUL: MotoBike Istanbul 2025, the premier international exhibition for two-wheel enthusiasts, will be held at the Istanbul Expo Center from March 12 to 15, 2025. The event, recognized as the largest of its kind, will feature a wide array of products, including motorcycles, bicycles, ATVs, scooters, spare parts, and accessories. The 2024 edition of MotoBike Istanbul set…
LongRange Capital to acquire US Synthetic Corporation from ChampionX
OREM: LongRange Capital, a private equity firm with a focus on long-term, customer-centric growth of middle market businesses, announced that it has entered into a definitive agreement to acquire US Synthetic Corporation from ChampionX Corporation. Founded in 1978 and based in Orem, Utah, US Synthetic is a leading provider of polycrystalline diamond (PCD) technologies, including PCD inserts,…