Mitsubishi Electric Corporation has announced the full acquisition of French air-conditioning company AIRCALO through its subsidiaries Mitsubishi Electric Hydronics & IT Cooling Systems S.p.A. and Mitsubishi Electric Europe B.V. The acquisition, completed on April 2, marks a significant step for Mitsubishi Electric as it aims to capitalize on AIRCALO’s extensive product range and exceptional customization…
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Intermap Technologies reports growth, sets optimistic projections for 2024
DENVER: Intermap Technologies, a renowned innovator in 3D geospatial products and intelligence solutions, has released its financial outcomes for 2023 and provided an optimistic forecast for 2024. Despite a challenging year marked by pandemic-related delays in Southeast Asia and a U.S. federal budget impasse affecting government contracts, Intermap closed 2023 with a revenue of $6.2…
PrismaStake announces $6 million funding
Melbourne, Australia: PrismaStake, an emerging leader in the decentralized finance (DeFi) sector, has announced a significant funding boost of $6 million. This strategic investment propels the company into a new phase of growth, aimed at redefining the DeFi landscape with its innovative staking platform. Elevating the DeFi Experience With a mission to elevate DeFi staking,…
actnano closes $40 million from Anthelion Capital
actnano, Inc. has announced the successful closure of a $40 million funding round led by Anthelion Capital. The investment underscores actnano’s position as a global leader in surface protection technologies for a wide range of electronics. With a reputation for innovation, actnano’s solutions are widely adopted by top electronics OEMs and Tier-1 suppliers. The company’s…
FlexTrade and FP Markets unveil Mottai Trader, a platform for Australian Active Traders
FlexTrade Systems, a renowned leader in multi-asset execution and order management systems, has joined forces with FP Markets, a top Australian broker in Forex and CFD trading. Together, they have introduced Mottai Trader, an innovative trading platform designed to revolutionize the trading experience for Active Traders. Mottai Trader emerges as a response to the growing…
West Fraser Timber assumes full ownership of Cariboo Pulp and Paper
West Fraser Timber Co. Ltd. (NYSE: WFG) and Mercer International Inc. (NASDAQ: MERC) have mutually agreed to dissolve their joint venture in Cariboo Pulp and Paper. Following the dissolution, West Fraser will emerge as the sole owner and operator of the mill, now known as Cariboo Pulp and Paper Company. The Cariboo Pulp and Paper mill,…
Gambling.com expands European footprint with Freebets.com acquisition
Gambling.com Group Limited (Nasdaq: GAMB) has successfully completed the acquisition of Freebets.com and associated assets. This acquisition is expected to significantly enhance the company’s revenue, with projections indicating an increase of approximately $10.0 million and an incremental Adjusted EBITDA of around $5.0 million for the remainder of 2024. Charles Gillespie, the CEO and Co-Founder of…
EQT Private Equity acquires supply chain software leader, Avetta
EQT Private Equity has announced the acquisition of Avetta, a leading supply chain risk management software company, from Welsh, Carson, Anderson & Stowe. Arvindh Kumar, Partner and Co-Head of Technology within EQT’s Private Equity Advisory Team, said, “Avetta’s leadership position, world-class SaaS platform, and commitment to ESG represent a highly thematic investment opportunity for EQT….
Accenture announces acquisition of Intellera Consulting in Italy
Accenture (NYSE: ACN) has announced the acquisition of Intellera Consulting, a leading Italian consultancy known for its innovative work in public administration and healthcare. This acquisition is a continuation of Accenture’s commitment to enhancing public services in Italy through digital and organizational transformation. Intellera Consulting, established in 2021 with headquarters in Rome and Milan, has…
GE Aerospace soars as an independent entity on NYSE
GE Aerospace has officially commenced operations as a standalone public entity, marking a significant chapter in the future of aviation. The company’s debut follows the successful spin-off of GE Vernova and is now listed on the New York Stock Exchange under the ticker symbol “GE.” At the opening bell of the NYSE today, April 2,…
AI Revolution in HR: Navigating the New Era of Workforce Management
In the ever-evolving landscape of human resources, a new global report by Sage has highlighted a significant trend: HR professionals are increasingly turning to artificial intelligence (AI) to alleviate the administrative burden, streamline time-consuming tasks, and combat burnout. The report, aptly named ‘The Changing Face of HR’, encapsulates the insights of over a thousand HR…
Getty Images has acquired Motorsport Images, bolstering its visual content empire
Getty Images (NYSE: GETY), the renowned visual content creator and marketplace, has announced the acquisition of Motorsport Images, a revered archive in the realm of motorsport photography. This acquisition includes the operative arm LAT Images, along with the Sutton, Schlegelmilch, Colombo, and Dukes Video archives, enriching Getty Images’ already formidable collection. Motorsport Images boasts an…