SEATTLE Cadogan Tate, a global leader in high-value art and interiors logistics, announced today it has acquired Trefethen & Co Bader & Olson (“Trefethen & Co”), a Seattle-based specialist in furniture receiving, warehousing, and installation. The move solidifies Cadogan Tate’s physical presence in the key U.S. Pacific Northwest market. This acquisition marks the seventh strategic…
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Nickolas Asset Management has acquired OGO and Medal Technologies
NORTH BALTIMORE: Nickolas Asset Management (NAM), together with the Reinhart Family of Companies and its portfolio company Configure Brands, announced today the acquisition of OGO and Medal Technologies, including a 32,500-square-foot production facility in North Baltimore. The acquisition is designed to significantly expand manufacturing capacity for the combined entities. The facility will immediately begin producing…
HireRight acquires BGC Brasil to expand background screening capabilities in Latin America
SÃO PAULO; HireRight, a global leader in background screening and workforce solutions, has acquired BGC Brasil, a premier Brazilian provider of background screening services with access to more than 200 national and international research sources. The acquisition strengthens HireRight’s footprint in Latin America and enhances its ability to deliver faster, more compliant screening services across…
CoreWeave Inc. signs agreement to acquire Monolith AI Limited
LONDON: CoreWeave Inc. announced an agreement to acquire Monolith AI Limited, a pioneer in applying artificial intelligence and machine learning to solve complex physics and engineering challenges. Combining Monolith’s simulation and test-driven machine learning capabilities with CoreWeave’s purpose-built AI cloud enables the combined companies to offer a full-stack platform for industrial and manufacturing enterprises. The…
Paramount Skydance acquires The Free Press; Names Bari Weiss Editor-in-Chief of CBS News
NEW YORK: Paramount Skydance said Monday it has acquired online publication The Free Press and appointed its co-founder and CEO, Bari Weiss, as editor-in-chief of CBS News. The Free Press, launched by Weiss in 2021 following her departure from The New York Times’ opinion desk, will be integrated into CBS News. Paramount said the digital…
Verizon appoints former PayPal executive Dan Schulman as CEO
LONDON: Verizon Communications Inc (VZ.N) on Tuesday named Dan Schulman, the former chief executive of PayPal Holdings Inc (PYPL.O) and a current board member, as its new chief executive officer, effective immediately, in a surprise leadership overhaul. The U.S. wireless carrier said longtime CEO Hans Vestberg would step down and serve as a special advisor until…
AMD to supply AI chips to OpenAI in deal worth tens of billions
SANTA CLARA: Advanced Micro Devices Inc. will supply artificial intelligence chips to OpenAI in a multi-year agreement that the chipmaker said Monday is expected to generate tens of billions of dollars in annual revenue. The deal, which includes an option for OpenAI to buy a significant stake in AMD, sent the company’s shares surging more…
Auto parts bankruptcies: How a cascade of failures brought the industry to a screeching halt
The collapse of First Brands isn’t an isolated event. It is the loudest symptom of a systemic sickness gripping the global automotive supply base, where debt, disruption, and demand destruction have converged into a perfect storm. The Chapter 11 filing of U.S. auto parts maker First Brands on Monday, with its staggering liabilities exceeding $10…
Minute Media acquires AI video platform VideoVerse to revolutionize sports content
LONDON: Minute Media, a global sports content and technology company, announced Tuesday it has acquired VideoVerse, a leader in AI-driven video editing, in a strategic move to build a comprehensive content solution for the sports and media industries. The acquisition centers on VideoVerse’s flagship product, Magnifi, a SaaS platform that uses sophisticated artificial intelligence to…
Stellex Capital acquires Crest Ultrasonics to expand global industrial tech portfolio
NEW YORK: Stellex Capital Management, a private equity firm with more than $5 billion in assets under management, announced Friday it has acquired Crest Ultrasonics, a global manufacturer of advanced cleaning and welding equipment. Crest, headquartered in the U.S. with operations across Europe and Asia, has served industrial sectors for over six decades, including healthcare,…
DXP Enterprises acquires APSCO to expand water and wastewater platform
REDMOND: DXP Enterprises, Inc. (NASDAQ: DXPE) announced Friday it has completed the acquisition of APSCO, LLC, a leading manufacturer’s representative of pumps, controls and process equipment serving the water and wastewater industry. Founded in 1986 and headquartered in Redmond, Washington, APSCO operates across Alaska, Colorado, Hawaii, Idaho, Montana, Oregon, Washington and Wyoming. The acquisition, funded…
Stefanini Group announces merger with Cyber Smart Defense of Romania
SOUTHFIELD: Stefanini Group, a $1 billion global technology company specializing in digital solutions, announced today the initiation of its merger with Cyber Smart Defense, a Romanian cybersecurity company, which will enable Stefanini to strengthen its cybersecurity capabilities in Europe. Effective today, Stefanini Group will acquire 100% of Cyber Smart Defense’s Romanian operations, solidifying a partnership…