NEW YORK: MacLean Power Systems said Wednesday it has signed definitive agreements to acquire Delta Star Inc., a move that significantly expands its presence in the power transformer and mobile substation market. The acquisition follows MPS’s combination with Power Grid…
SANTA CLARA: Nvidia has agreed to acquire open-source artificial intelligence platform Hugging Face for $12.9 billion, according to a report Wednesday from The Information, citing a person with direct knowledge of the deal. The acquisition talks began after Hugging Face, a widely…
SAN FRANCISCO: Deep Cogito, a post-training research lab focused on reinforcement learning and self-improvement, on Wednesday announced a $43 million Series A funding round led by TQ Ventures. The round included participation from Benchmark, Nexus Venture Partners, Atreides Management, South…
AUSTIN: CLEAResult, the largest provider of energy efficiency, energy transition and energy sustainability services in North America, has acquired Connected Energy, a technology company that provides demand management and distributed energy resource management solutions to electric utilities across the U.S….
TORONTO: Exchange Income Corporation (TSX: EIF), a diversified acquisition-focused company with operations in Aerospace & Aviation and Manufacturing, has announced a definitive agreement to acquire TerraPro Inc., a fully integrated access-matting platform based in Sherwood Park, Alberta. The transaction, valued at $30 million,…
HACKENSACK: Mann Lake Ltd., the world’s largest manufacturer and distributor of beekeeping supplies, announced Tuesday it has acquired Hive Hugger, a Minnesota-based company known for its award-winning insulation products designed for the condensing hive approach to beekeeping. The acquisition brings together the industry’s…
CHICAGO: Oncourse Home Solutions, a national provider of home infrastructure warranties, announced that it has entered into a definitive agreement to be acquired by Genstar Capital from funds advised by Apax Partners LLP. The transaction is expected to close in…
NEW YORK: The Crest Group, a global industrial technology manufacturer, has acquired Dukane, a manufacturer of ultrasonic solutions and plastic joining technologies. Financial terms were not disclosed. Crest, which manufactures ultrasonic cleaning and welding equipment, is backed by New York-based private equity firm…
HONG KONG: Alibaba Group is set to sell its game development unit, Lingxi Games, to private equity firm Trustar Capital for more than $2 billion, a person familiar with the matter told The Associated Press on Monday. The Chinese technology giant and…
PALO ALTO: Anthropic’s revenue surged more than 14-fold in the second quarter from a year earlier, Bloomberg News reported Friday, underscoring the rapid growth of the Claude chatbot maker as it prepares for a potential blockbuster initial public offering. The…
WHITE PLAINS: Marsh McLennan Agency, a business of Marsh (NYSE: MRSH), has reached an agreement to acquire Accel Holdings Inc., a diversified independent insurance and advisory firm based in Waverly, Iowa. The deal is expected to close in the third…
BALTIMORE: DecisionPoint Technologies, a leader in end-to-end enterprise mobility and edge technology solutions, said Monday it has acquired 5th Wave Mobile Technology, a specialized provider of mobile computing, barcoding, RFID and data capture solutions. The acquisition bolsters DecisionPoint’s technical expertise…