Eli Lilly and Company (Lilly) is planning to invest an additional $450 million to increase the company’s production capacity at its Research Triangle Park facility in North Carolina. The proposed expansion is expected to help the American pharmaceutical company meet increased demand for its incretin products for diabetes and introduce the next generation of medicines. […]
McWin will acquire a majority stake in L’Osteria, a casual dining operator in Germany and Austria to further accelerate its expansion both in the DACH region and in new and existing European markets. The Czech Republic-based private investment firm McWin has not disclosed the value of its stake. With the investment, McWin and its affiliates […]
GreenGo Energy will develop the 4GW Megaton green energy park at the future Stovstrup 400kV substation east of Tarm in Ringkøbing-Skjern municipality, Denmark with an investment of DKK 60 billion (€8 billion). The Megaton project will span over 4,000 hectares of land and include onshore solar and wind projects and an additional 2GW offshore wind […]
Matador Resources has agreed to acquire Advance Energy Partners, including certain oil and natural gas producing properties and undeveloped acreage situated in Lea County, New Mexico and Ward County, Texas, for an initial cash payment of $1.6 billion. Advance Energy Partners will also receive an additional cash consideration of $7.5 million for each month this […]
Kasada, a real estate private equity platform, will develop a new dual-branded hotel in the Angré district, Abidjan, Côte d’Ivoire. The hotel, which will be located within the complex being developed by HCCP, will include minimized water consumption as well as efficient energy and waste management to meet international environmental and social standards. The complex […]
Cognizant will acquire Mobica, a UK-based Internet of Things (IoT) software engineering services provider, to increase its IoT embedded software engineering capabilities across technology and automotive industries. The financial terms of the transaction were not disclosed. The Manchester-headquartered Mobica offers Tech Talent-as-a-Service (TaaS) with offices across Europe and US. It caters to the aerospace, finance, […]
Casino and entertainment company Rush Street Gaming has opened the Rivers Casino Portsmouth in Hampton Roads to the public, becoming the Commonwealth of Virginia’s first full-service permanent casino. Opened on 23 January, Rivers Casino Portsmouth is located along Victory Boulevard, south of I-264, Portsmouth, Virginia, and includes 1,446 slot machines, 57 table games, 24 poker […]
Xylem, an American water technology company, will acquire Evoqua Water Technologies, a mission-critical water treatment solutions and services provider, in an all-stock transaction valued at around $7.5 billion. The transaction complements Xylem’s portfolio of solutions with advanced water and wastewater treatment capabilities, an extensive network of service professionals, and access to attractive industrial markets. The […]
Takeda Pharmaceutical will acquire an exclusive worldwide license, excluding China, of fruquintinib from Hutchmed (China) and its subsidiary Hutchmed to strengthen its oncology portfolio. Under the licensing agreement, the Japanese pharmaceutical company will further develop and market the VEGFR1/2/3 tyrosine kinase inhibitor in all indications and territories outside of mainland China, Hong Kong, and Macau. […]
General Motors is planning to invest $918 million in four US production facilities to strengthen its full-size truck and SUV business as well as electric vehicle (EV) product portfolio. The American automotive company will invest $579 million in the Flint Engine Operations facility in Michigan for assembling its sixth generation family of Small Block V-8 […]