Amazon Web Services (AWS), an arm of Amazon.com, has unveiled its second AWS infrastructure region in India — the AWS Asia Pacific (Hyderabad) Region and along with it an investment commitment of over $4.4bn (around INR 36,300 crores) by 2030. The AWS Asia Pacific (Hyderabad) Region will enable entrepreneurs, enterprises, developers, startups, as well as […]
IberBlue Wind, a Spanish-Irish renewable energy company, is planning to develop the 990MW Nao Victoria floating offshore wind farm in Andalusia, Spain. To this effect, the joint venture between Ireland-based Simply Blue Group and the Spanish duo of Proes Consultores and Grupo Amper’s engineering division — FF New Energy Ventures has submitted the Initial Project […]
Egypt has commenced the main construction phase for Unit 2 of the 4.8GW El-Dabaa nuclear power plant following the approval of Egyptian Nuclear and Radiological Regulatory Authority. Located on the Mediterranean coast, the El-Dabaa nuclear power project will include four units with a generation capacity of 1.2GW per unit. El-Dabaa, which will be the first […]
Pharma giant Merck will acquire Imago BioSciences, a Nasdaq-listed clinical stage biopharmaceutical company, for a price of $36 per share in cash, which translates to a total equity value of around $1.35bn. The acquisition is expected to expand Merck’s blood disorder drugs portfolio. Imago BioSciences is focused on developing new drugs for the treatment of […]
Norfolk Southern Corporation, through its subsidiary Norfolk Southern Railway, has agreed to purchase all of the assets of the Cincinnati Southern Railway (CSR) for a cash consideration of around $1.62bn, in a move to strengthen its railway operations. Under the transaction, the Atlanta-based transportation company will acquire a nearly 337-mile railroad laid between Cincinnati to […]
ACI Worldwide, a US-based payment systems company, and NTT DATA, a Japanese multinational information technology service and consulting company, will join forces to bolster the growth of eCommerce in new markets across Europe and Latin America. The partnership will help NTT DATA to offer advanced eCommerce capabilities to its merchant customers — targeting the Italian […]
Sopra Steria, a European tech firm, will acquire an additional stake of 29.73% in French IT services provider CS Group at €11.5 per share. The deal will increase Sopra Steria’s stake in CS Group to 75.06%. Sopra Steria will buy the additional stake from Yazid Sebag, CS Group’s Board of Directors’ chairman, CEO Eric Blanc-Garin, […]
GlobalLogic, a Hitachi Group company, has agreed to acquire Fortech, a Romania-based software engineering services company, for an undisclosed price. Fortech provides digital engineering services such as architecture design, devops, software development, data analytics, and quality assurance with a specialization in the cloud, Internet of Things (IoT), and SaaS. The Romanian software services company also […]
Virginia-based First Community Bankshares has agreed to acquire Surrey Bancorp, a bank holding company in North Carolina and its banking subsidiary, Surrey Bank & Trust in a deal worth around $113.2 million. First Community Bankshares is the bank holding company for First Community Bank, which has 48 branches in Virginia, North Carolina, West Virginia, and […]
Stonepeak, a US alternative investment firm, and Spirit Super, an Australian industry super fund, have agreed to acquire Victoria’s second largest port GeelongPort, in a joint transaction valued at approximately AUD 1.1 billion ($728.2 million). As per the terms of the transaction, Stonepeak will acquire a majority 70% stake in GeelongPort, and Spirit Super will […]