Lithium Americas, a Canada-based mining company, has begun the construction of its Thacker Pass lithium project in Humboldt County, Nevada. The construction at the Thacker Pass lithium mine follows the receipt of notice to proceed from the Bureau of Land Management. Being built in phases, the Thacker Pass lithium project is anticipated to produce 80,000 […]
German semiconductor manufacturer Infineon Technologies will acquire Canada-based GaN Systems in an all-cash transaction valued at $830 million. GaN Systems offers GaN power semiconductors for industries such as consumer electronics, data center servers, power supplies, industrial motors, renewable energy systems, and automotive electronics. Jochen Hanebeck — Infineon Technologies CEO said: “GaN technology is paving the […]
RWE, a German renewables developer, has acquired JBM Solar, an independent solar and co-located battery developers, to expand its solar and battery capabilities in the UK market. The financial terms of the transaction were not disclosed. With the acquisition of JBM Solar from London-based renewables investor Susgen, RWE anticipates to add additional solar and battery […]
Enagás has agreed to acquire a network of 130km of natural gas pipelines of 80 bar from Reganosa in northwestern Spain for €54 million ($57 million), in a bid to strengthen the supply and decarbonization efforts of Spain and Europe. Under the agreement, Enagás will acquire the entire transmission network, which ensures the supply and […]
UK-based oil and gas major BP has launched the HyVal green hydrogen project in the Valencia region at its Castellón refinery in Spain, with an investment of up to €2 billion. The public-private collaborative initiative HyVal is led by BP and is anticipated to decarbonize the operations of the Castellón refinery, replacing its current use […]
Reata Pharmaceuticals has secured the approval of the US Food and Drug Administration (FDA) for Skyclarys (omaveloxolone) for the treatment of Friedreich’s ataxia, a neuromuscular disease. Skyclarys is an oral, once-daily medication indicated for the treatment of Friedreich’s ataxia in adults and adolescents aged 16 years and older in the US. Patients are recommended to […]
American food processing company Lamb Weston has completed the previously announced acquisition of the remaining equity interest in Lamb-Weston/Meijer, its European joint venture with Meijer Frozen Foods. The €700 million worth cash and stock deal was announced in October 2022. Under the agreement, Meijer Frozen Foods will receive €525 million in cash, subject to certain […]
ArisGlobal, a life sciences software provider, will acquire Amplexor Life Sciences, a software solutions provider, to create an all-inclusive regulatory SaaS platform for the life sciences industry. The financial terms of the transaction were not disclosed. The transaction is anticipated to accelerate both companies’ strategies and improve productivity to deliver new treatments. With the integration […]
LKQ Corporation, a US auto equipment supplier, has agreed to acquire Canada-based Uni-Select for an enterprise value of around C$2.8 billion ($2.1 billion), marking scaled entry into mechanical parts space in North America. The transaction complements LKQ’s current North American paint distribution operations and will drive the company’s business and growth. LKQ anticipates the transaction […]
Ready Capital Corporation, a real estate finance firm, and Broadmark Realty Capital, a specialty real estate finance company, have agreed to merge their businesses in an all-stock transaction. The proposed merger is expected to result in the fourth-largest commercial mortgage real estate investment trust (REIT) with a capital base of $2.8 billion. Post-merger, the combined […]