VIBY J: Arla Foods and DMK Group have unveiled plans to merge, forming Europe’s largest dairy cooperative with more than 12,000 farmers and a projected annual revenue of €19 billion. The proposed merger, announced by the companies on Tuesday, aims to strengthen the dairy industry by leveraging shared values and complementary strengths. Arla Foods said…
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Stellantis halts production of Leapmotor EV in Poland
MILAN: Stellantis NV said Tuesday it has stopped assembling the Leapmotor T03 electric vehicle at its plant in Tychy, Poland, and is evaluating alternative production options for the Chinese-made model. Production of the small electric car ended March 30, the Franco-Italian automaker said in a statement. While Stellantis remains committed to launching Leapmotor vehicles in Europe, it…
Sizl raises $3.5 million to expand its cook-to-order kitchens
CHICAGO: Sizl, a cook-to-order delivery service based in Chicago, aims to change perceptions by delivering meals made with fresh ingredients in about 30 minutes. The company announced Tuesday that it raised $3.5 million in a seed round at a post-money valuation of $12 million. Unlike traditional dark kitchens that serve as shared spaces for various restaurants, Sizl…
Insperial acquires UK-based aircraft upholstery manufacturer MGR Foamtex
THAME: Insperial has announced the acquisition of MGR Foamtex, a leading UK-based aircraft upholstery manufacturer. MGR Foamtex, founded in 1985 and headquartered in Thame, Oxfordshire, is renowned for its skilled engineering and commitment to quality craftsmanship. Les Simpson, Chief Executive of MGR Foamtex, expressed enthusiasm about the acquisition, stating, “We are delighted to become part…
CRB names Vahid Ownjazayeri as President and CEO
KANSAS CITY: CRB Group, a global provider of sustainable engineering, architecture, and construction solutions, has appointed Vahid Ownjazayeri as its new President and CEO. Ownjazayeri, a seasoned executive with more than 40 years of experience in infrastructure design and construction, previously served as Managing Director at Global Infrastructure Solutions Inc. He also held key leadership roles…
Pakistan grants provisional license to Starlink
Pakistan has granted a provisional license to Starlink, marking a significant step toward the satellite internet provider’s official launch in the country, Pakistan Telecommunication Authority (PTA) Chairman Hafeez Ur Rehman announced Monday. Rehman told reporters that the licensing process consists of multiple regulatory stages. Starlink has already registered with the Securities and Exchange Commission of…
Trump and Hut 8 launches American Bitcoin Corp
Hut 8 Corp., a leader in energy infrastructure integrating power and digital technologies, announced the launch of American Bitcoin Corp., a majority-owned subsidiary focused on industrial-scale Bitcoin mining and strategic Bitcoin reserve development. The new entity will operate as a standalone brand while remaining consolidated within Hut 8’s financial statements. The announcement follows Hut 8’s strategic contribution…
Ubisoft teams up with Tencent to launch new gaming subsidiary
Ubisoft, the French video game giant, announced on Thursday the creation of a new gaming subsidiary, backed by a €1.16 billion ($1.25 billion) investment from Chinese technology powerhouse Tencent. This strategic move aims to bolster Ubisoft’s most iconic franchises, including Assassin’s Creed, Far Cry, and Tom Clancy’s Rainbow Six. The newly formed subsidiary is set to focus…
Workato acquires DeepConverse to enhance AI-driven customer support solutions
Workato, a leader in enterprise orchestration, announced Thursday its acquisition of DeepConverse, a platform specializing in generative AI-based support automation. The purchase aims to strengthen Workato’s capabilities in AI-driven customer service automation. DeepConverse, founded in 2016, is known for its expertise in AI-powered search and customer support automation. By joining forces with Workato, the company seeks to…
Braze announces agreement to acquire OfferFit for $325 million
Braze Inc. (Nasdaq: BRZE), the leading customer engagement platform, has entered into a definitive agreement to acquire OfferFit, an AI decisioning company, in a deal worth $325 million. The transaction, announced Friday, remains subject to customary closing adjustments. AI decisioning agents, known for their ability to autonomously experiment, learn, and deliver personalized experiences, are at…
Voltage Park acquires TensorDock, a GPU cloud marketplace
Voltage Park, a scalable GPU-as-a-service (GPUaaS) provider offering on-demand and reserved AI infrastructure, announced Thursday its acquisition of TensorDock, a leading GPU cloud marketplace. The move underscores Voltage Park’s mission to democratize artificial intelligence by offering GPU solutions suitable for businesses of all sizes. “We share a common mission to make AI compute more accessible,” said…
Alcon acquires majority stake in Aurion Biotech
Alcon (SIX/NYSE: ALC), the global leader in eye care, announced today its acquisition of a majority interest in Aurion Biotech, Inc., a clinical-stage company developing advanced cell therapies for treating eye diseases. The move aims to advance Aurion’s promising allogeneic cell therapy asset, AURN001, into Phase 3 trials for corneal edema secondary to corneal endothelial disease later…