TOKYO: Shin-Etsu Chemical Co. has decided to establish a new company, Shin-Etsu Silicone (Pinghu) Co., Ltd., in Zhejiang Province, China, and construct a new silicone products plant to expand its silicone business. Shin-Etsu Chemical established Zhejiang Shin-Etsu High-Tech Chemical Co., Ltd. in Zhejiang Province, China, in 2002 to meet the demand for silicone products in…
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Ivanti launches new Tech Alliance Marketplace
SALT LAKE CITY: Ivanti, the renowned technology firm at the forefront of bridging the gap between IT and security, has announced the launch of its innovative Tech Alliance Marketplace in Salt Lake City. This cutting-edge platform is engineered to meet the ever-changing demands of customers, revolutionizing the way partners and customers interact with Ivanti’s comprehensive…
Bregal Milestone’s Allshares has acquired Aktieinvest Incentives
LONDON: Bregal Milestone, a leading European technology and software private equity firm, announced the acquisition of Aktieinvest Incentives by its portfolio company, Allshares, a pioneering compensation and long-term incentive software and services provider. Following Allshares’ recent acquisition of Novare Pay, the strategic addition of Aktieinvest Incentives further establishes the company at the forefront of providing…
Universal Robots and MiR open new robotics hub in Denmark
ODENSE, DENMARK: Universal Robots and Mobile Industrial Robots (MiR) have inaugurated their expansive new headquarters in Odense, Denmark. The 215,000 square-foot facility is poised to become a central hub for robotics innovation. The grand opening event was attended by partners from the global ecosystems of both companies, including tech giants NVIDIA and Siemens. These partnerships…
SMTC Corporation appoints Mike Buseman as its new President and CEO
MELBOURNE, Fla.: SMTC Corporation, a North American leader in electronics manufacturing services, has appointed Mike Buseman as its new President and CEO, effective May 13, 2024. Buseman, with over three decades of industry experience, succeeds Ed Smith, who will take on the role of Executive Chairman of the Board. Buseman’s extensive background includes leadership roles…
Diversio acquires CCDI Consulting
Diversio, a leader in fostering inclusive and equitable work environments, has announced the acquisition of CCDI Consulting, a prominent DEI consultancy. This acquisition was facilitated by CCDI Consulting’s parent entity, the Canadian Centre for Diversity and Inclusion (CCDI), which remains dedicated to providing educational resources to its extensive network of Employer Partners. The integration of…
Vortex has acquired Planned and Engineered Construction Inc. (PEC)
HOUSTON: Vortex Companies (Vortex) announced the acquisition of Planned and Engineered Construction Inc. (PEC), a Helena, Montana-based leader in trenchless infrastructure rehabilitation. This strategic acquisition marks a significant step in strengthening Vortex’s service presence across the Western United States and Canada, enabling enhanced service capabilities to a broader market. PEC’s services align with Vortex’s focus…
Airlines for America challenge new DOT fee disclosure rule in Court
A coalition of major airlines and the trade group Airlines for America have filed a petition with the U.S. Fifth Circuit Court of Appeals, seeking to invalidate a recent Department of Transportation (DOT) regulation. The contentious rule, introduced by the DOT in late April, mandates that airlines and online travel agencies provide upfront disclosure of…
Goldman Sachs backs Pennybacker Capital with strategic investment
AUSTIN, Texas: Pennybacker Capital Management, LLC, a prominent real assets investment firm based in Austin, has announced a strategic partnership with Goldman Sachs Asset Management’s Petershill program. The terms of the investment, which is described as passive and minority, have not been disclosed. This new influx of capital is set to propel Pennybacker’s growth, enhancing…
NASA names David Salvagnini as first Chief Artificial Intelligence Officer
WASHINGTON: NASA Administrator Bill Nelson on Monday named David Salvagnini as the agency’s new chief artificial intelligence (AI) officer, effective immediately. The role is an expansion of Salvagnini’s current role as chief data officer. A wide variety of AI tools are used by NASA to benefit humanity from supporting missions and research projects across the…
GAI Consultants Inc. has acquired Creighton Manning Engineering
WEST PALM BEACH, FL: An affiliate of GAI Consultants, Inc., a leading engineering, planning, and environmental consulting firm has announced the acquisition of Creighton Manning Engineering. The acquisition integrates Creighton Manning into GAI as a new division named “Creighton Manning, a GAI Company,” enhancing GAI’s service offerings and geographic footprint. Creighton Manning, established in 1965…
Abu Dhabi partners with MBZUAI and Core42 to launch AI Healthcare Academy
ABU DHABI, UAE: Department of Health – Abu Dhabi (DoH) has partnered with Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) and AI solutions provider Core42 to establish the AI Healthcare Academy. The initiative, announced during the Abu Dhabi Global Healthcare Week, aims to create a skilled workforce adept in AI to enhance global healthcare…