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…
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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,…
Driven Brands to sell U.S. car wash business, CEO Fitzpatrick to step down
CHARLOTTE: Driven Brands Holdings Inc. (NASDAQ: DRVN), the largest automotive services company in North America, announced Tuesday that it has entered into a definitive agreement to sell its U.S. car wash business to Express Wash Operations, LLC, operating as Whistle Express Car Wash, for $385 million. “This transaction will enable Driven Brands to reduce debt…
Heitman LLC acquires majority stake in Swedish self-storage operator Servistore
STOCKHOLM: Heitman LLC, a global real estate investment management firm, announced today the acquisition of a majority stake in Servistore, the third largest self-storage operator in Sweden. The transaction was made on behalf of Heitman’s European value strategy, furthering the firm’s investment in the growing global demand for self-storage. Servistore operates 31 sites, with 25…
Prosus N.V. to acquire Just Eat Takeaway.com
AMSTERDAM: Prosus N.V. (AEX and JSE: PRX), a global technology company, announced today that it has reached a conditional agreement to acquire Just Eat Takeaway.com (AMS: TKWY). The acquisition aims to create the fourth largest food delivery group globally. Prosus plans to acquire Just Eat Takeaway.com’s entire issued share capital for €20.30 per share through…
Carlyle and SK Capital Partners acquire bluebird bio
BOSTON: bluebird bio, Inc. (NASDAQ: BLUE) announced today that it has reached a definitive agreement to be acquired by funds managed by global investment firms Carlyle (NASDAQ: CG) and SK Capital Partners, LP, in collaboration with a team of biotech executives. The transaction will see David Meek, former CEO of Mirati Therapeutics and Ipsen, take over as…
Argan Inc. names Brian Orlandi as CEO of SMC Infrastructure Solutions
NEW YORK: Argan, Inc. (NYSE: AGX) announced the appointment of Brian Orlandi as the Chief Executive Officer of its subsidiary, SMC Infrastructure Solutions (SMCiS). Orlandi, who brings over 25 years of industry experience, is set to lead SMCiS through its next phase of growth and innovation. Orlandi previously held roles such as Vice President and…
Celsius Holdings to acquire Alani Nutrition for $1.8 billion
Celsius Holdings, Inc. (Nasdaq: CELH) has entered into a definitive agreement to acquire Alani Nutrition LLC for $1.8 billion, including $150 million in tax assets, resulting in a net purchase price of $1.65 billion in cash and stock. This acquisition merges two growing brands in the U.S. energy drink market, forming a leading functional lifestyle…
Consor Holdings LLC acquires Park Engineering
MIAMI: North America’s infrastructure engineering and consulting firm, Consor Holdings LLC, announced the acquisition of Park Engineering, a distinguished program and construction management (PM/CM) firm serving California public agencies. Park Engineering specializes in PM/CM services for infrastructure projects including roadways, bridges, water, and wastewater lines. “Park’s expertise and established relationships align perfectly with our vision…
Cosette Pharmaceuticals acquires Mayne Pharma Group for $430 million
NEW YORK: Cosette Pharmaceuticals, Inc., a U.S.-based pharmaceutical company, announced Thursday that it has entered into a definitive agreement to acquire all outstanding shares of Mayne Pharma Group Limited (ASX: MYX) for AUD $7.40 per share. The total consideration for the transaction is approximately USD $430 million. The Boards of Directors of both companies have…
Riley parenting platform secures $3.1 million in seed funding
SAN FRANCISCO: Riley, an all-in-one parenting platform, has announced the successful completion of a $3.1 million seed funding round and the launch of its beta program for an app aimed at supporting early parenthood. The app combines AI technology and expert insights grounded in research to offer proactive and on-demand guidance for parents. The funding…