Germany’s Rheinmetall has agreed to acquire Spain-based ammunition maker Expal Systems from MaxamCorp. Holding for an enterprise value of €1.2 billion. The acquisition is expected to help the Düsseldorf-based technology firm to expand its presence in Spain. The buyout is anticipated to strengthen Rheinmetall’s key ammunition, weapon, and propellant business following increased capacity in spare […]
Seattle-based Washington Federal, the holding company for Washington Federal Bank, has agreed to acquire California-based Luther Burbank and its fully-owned subsidiary, Luther Burbank Savings, in an all-stock deal valued at around $654 million. The transaction is expected to expand Washington Federal’s franchise into California. The combined entity will have total assets of around $29 billion, […]
Partners Group, a Swiss-based global private equity firm, has acquired EdgeCore Digital Infrastructure, a US-based hyperscale data centers builder, operator, and owner, for $1.2 billion. EdgeCore Digital Infrastructure is an infrastructure platform that chooses, constructs, and commercializes data centers for major technology, cloud, and internet firms. The transaction entails EdgeCore Digital Infrastructure’s existing and under […]
Thomson Reuters, a business information services provider, has agreed to acquire SurePrep, a US-based tax software provider, in an all-cash transaction valued at $500 million. The proposed transaction is expected to help Thomson Reuters save around $60 million on estimated tax with a net present value at the time of purchase. SurePrep, founded in 2002, […]
Capriotti’s Sandwich Shop and Wing Zone have entered into a 50-unit Master Franchise agreement with Village Food Courts (VFC), a Village Groupe company, to increase the brand’s presence in India. As part of the agreement, Village Food Courts will introduce both brands within its food court venues and select delivery kitchens throughout India over the […]
Westrock Coffee Company has broken ground on its new roasting to ready-to-drink (RTD) facility in Conway, US, with an aim to cement its presence in Arkansas. The new roasting to ready-to-drink packaging facility will develop, produce, and distribute the company’s coffee, tea, and RTD products. These include ready-to-drink cans, multi-serve plastic bottles, glass bottles, and […]
Sappi North America, will invest $418 million to ramp up the production capacity and manufacturing of solid bleached sulfate board (SBS) products at its Somerset paper mill in Skowhegan, Maine. As part of this, the American woodfibre products manufacturer will rebuild Paper Machine No. 2 at the paper mill. Mike Haws — Sappi North America […]
Pertamina Power Indonesia, Keppel Infrastructure, and Chevron will explore the feasibility of developing green hydrogen and green ammonia projects in Indonesia by leveraging renewable energy situated in Sumatera. To this effect, the companies have signed a joint study agreement (JSA) at the Business 20 (B20) Investment Forum held parallelly with the B20 Summit in Bali. […]
Asante Gold has commenced commercial production at the Bibiani Gold Mine situated in the Western Region of Ghana following three months of consistent production since July 2022. The Canadian gold exploration and development company commenced mining at the gold mine in Ghana in late February 2022. The first gold pour was completed on 7 July […]
Keurig Dr Pepper has invested $50 million to acquire a minority stake in Athletic Brewing Company, an American non-alcoholic craft beer maker. The move marks the entry of the North American beverage company into the rapidly emerging beverage segments. The investment by Keurig Dr Pepper is said to form part of a $75 million fundraising […]