Investment & Financing
MODIFI Secures Strategic Investment from SMBC Asia Rising Fund to fuel Asian exports by SMEs
Fintech leader strengthens position in cross-border B2B payments and trade finance, eyeing rapid growth acrossAsia, including China and India AMSTERDAM and SINGAPORE, Nov. 6, 2024 /PRNewswire/ -- MODIFI, a leading global platform in B2B Buy Now, Pay Later (BNPL) solutions, today announced the su...
Xypex Chemical Corporation Expands Global Operations Acquires Xypex Australia and National Concrete Solutions
VANCOUVER, BC, Nov. 5, 2024 /PRNewswire/ -- Xypex Chemical Corporation is pleased to announce that, effectiveNovember 1, 2024, Concrete Waterproofing Manufacturing Pty. Ltd. (CWM), trading as Xypex Australia, which also includes CWM's subsidiary XMS (Thailand), and, National Concrete Solutions (N...
ABB announces the acquisition of Aurora Motors
* Aurora Motors is a global provider of Vertical Pump Motors * Their products are distributed in 30 countries spanning the agriculture, municipality, industrial and fire protection industries * The acquisition represents a significant enhancement to NEMA's product portfolio, bolstering the m...
Peritus Capital Secures Term Loan for Oberland Agriscience to Drive Sustainable Protein Production
NEW YORK, Nov. 5, 2024 /PRNewswire/ -- Peritus Capital is pleased to announce a successful term loan arrangement for Oberland Agriscience Inc. The non-dilutive funding will support theHalifax-based company in scaling its production through equipment acquisitions and increased working capital. Ob...
Ampd Energy Secures Oversubscribed $27.3 Million in Series B Funding to Accelerate Clean Battery Energy Storage Solutions Globally
* $27.3 million Series B funding co-led by Kibo Invest and Openspace, continued participation from MTR Lab, Taronga Ventures and 2150 * Ampd Energy has deployed +300 smart battery units - primarily in construction - in seven countries, abating over 69,000 tons of CO2, the equivalent of 88,000...
Funding Societies secures third credit facility with HSBC to extend access to MSMEs in Southeast Asia
Part of HSBC's ASEAN Growth Fund, an accumulative commitment of over US$100
million to Funding Societies since its partnership established in 2022
SINGAPORE, Nov. 5, 2024 /PRNewswire/ -- Funding Societies | Modalku (Funding
Societies
DeepRoute.ai Announces Major Series C1 Funding; Strategic Investment from Prestigious Chinese Automotive OEM
SHENZHEN, China, Nov. 5, 2024 /PRNewswire/ -- DeepRoute.ai, the leading artificial intelligence company specializing in developing smart driving solutions, announced a strategic Series C1 funding round, raisingUS$100 million from prestigious Chinese automotive OEM. The funding will enhance resear...
Compugen Strengthens Defence + Security Industry with Strategic Acquisition of SynerSolutions
TORONTO, Nov. 5, 2024 /PRNewswire/ -- Compugen Inc., the nation's largest privately-owned and operated Technology Ally, is proud to announce the acquisition of SynerSolutions Technologies Inc., a leader in cybersecurity services for defence. Compugen's acquisition of SynerSolutions underscores t...
Tech-Centric Venture Group The Z Label Raises $11.4 Million to Build New Consumer Products for GenZs
HONG KONG, Nov. 4, 2024 /PRNewswire/ -- The Z Label, a tech-centric venture building group inHong Kong, has raised $11.4 million led by Beyond Ventures to build up a portfolio of products for global GenZ consumers. The funding will be used for both developing products in-house and co-incubating w...
DAZN AND QUEENSBERRY PROMOTIONS ANNOUNCE HISTORIC GLOBAL MEDIA RIGHTS DEAL
* From 1 April 2025, DAZN will be the exclusive global broadcast partner of Queensberry Promotions, bringing its elite boxing events to fans worldwide for the first time. * DAZN to unify premium boxing content on a single platform with Queensberry joining Matchroom, Golden Boy Promotions, Mi...
Alba and Daiki Aluminium Reiterate Commitment to Sustainable Aluminium Production at Gateway Gulf 2024
MANAMA, Bahrain, Nov. 4, 2024 /PRNewswire/ -- At Gateway Gulf 2024, an investment forum hosted by the Bahrain Economic Development Board (Bahrain EDB), Aluminium Bahrain B.S.C. (Alba) and Daiki Aluminium Industry Company Ltd. reaffirmed their strategic partnership by announcing their intention t...
Celebrating 40 Years of UAE-China Friendship at 'Building Bridges for the Future' on Abu Dhabi's Corniche
The event's first day saw a memorable kick-off with Emirati and Chinese dignitaries touring cultural exhibits, enjoying performances, and celebrating the UAE-China partnership. Visitors are encouraged to join the further festivities on November 2nd and 3 rd as there are still plenty more exciting...
Aon to acquire UK-based Insurance Broker Griffiths & Armour
DUBLIN, Nov. 1, 2024 /PRNewswire/ -- Aon plc (NYSE: AON), a leading global professional services firm, today announced the signing of a definitive agreement to acquire UK-based insurance broker Griffiths & Armour. Upon completion of the transaction, Griffiths & Armour will become wholly-owned by ...
Fujitsu and AMD to begin strategic partnership to develop more sustainable computing infrastructure intended to accelerate open-source AI initiatives
KAWASAKI, Japan and SANTA CLARA, Calif., Nov. 1, 2024 /PRNewswire/ -- Fujitsu and AMD (NASDAQ: AMD) today announced that they have signed a memorandum of understanding (MOU) to form a strategic partnership to create computing platforms for AI and high-performance computing (HPC). The partnership,...
Amcor to Sell Interest in BCNA Joint Venture for $122 Million
Sale not expected to impact FY25 financial outlook Proceeds to be used to reduce debt ZURICH, Oct. 31, 2024 /PRNewswire/ -- Amcor (NYSE: AMCR, ASX: AMC), a global leader in developing and producing responsible packaging solutions, announced today it has entered into an agreement to sell its 50% i...
Bifrost raises $8M to accelerate AI's ability to solve problems in the physical world
SAN FRANCISCO, Nov. 1, 2024 /PRNewswire/ -- Bifrost AI, a Generative 3D Data platform, raised$8 million in Series A funding to meet the growing demand for AI training data and 3D simulations. Its physically accurate data generation engine provides the vast real-world scenarios crucial in rapidly ...
SKF completes acquisition of John Sample Group
GOTHENBURG, Sweden, Oct. 31, 2024 /PRNewswire/ -- SKF has completed the previously announced acquisition of John Sample Group's (JSG) Lubrication and Flow Management businesses. JSG is a well-established lubrication system and full-service solutions provider founded in 1921. "We're glad to welco...
EQT Acquires Leading SaaS Talent Solutions Provider PageUp to Accelerate Global Expansion and Product Innovation
* PageUp will leverage EQT's expertise to accelerate international expansion and drive product innovation in talent management software. * EQT's investment builds on PageUp's strong track record of expansion through organic growth and strategic acquisitions. * The partnership reinforces EQT'...
e& announces Q3 2024 earnings with consolidated revenue growth of 10% to AED 14.4 billion
e& completes acquisition of controlling stake in PPF Telecom and 100% acquisition of GlassHouse, expanding its footprint to 38 countries ABU DHABI, UAE, Oct. 31, 2024 /PRNewswire/ -- e& today announced its Q3 2024 consolidated financial results, reporting consolidated revenue of AED 14.4 billion...
SK Networks and Sunway Join Forces to Drive AI Innovation and Explore Regional Expansion
*Extensive collaboration expected in AI-powered products and systems••• including possible joint venture & share swap *MoU will also see Sunway tapping the talent and innovation of PhnyX Lab, the Silicon Valley-based AI research and development arm of SK Networks *SK Networks, "We'll focus on boos...
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