Worldline, through the Worldline MS Italy joint venture, has agreed to acquire merchant acquiring activities of Banco Desio, an Italian banking group, for €100 million, in a move to strengthen its presence in the Italian market. The transaction follows the acquisition of Axepta Italy earlier this year by the French payment and transactional services company […]
American healthcare company VillageMD has signed an agreement to acquire Summit Health-CityMD, a primary, specialty, and urgent care provider, in a transaction valued at around $8.9 billion, with an aim to advance healthcare in the US. The transaction is expected to deliver a complete patient experience for the optimal individual and community outcomes. VillageMD will […]
Ritchie Bros. Auctioneers, a Canadian auction company, has agreed to acquire IAA, a US-based digital marketplace for vehicle buyers and sellers, in a stock and cash transaction valued at around $7.3 billion, including $1 billion of net debt. The acquisition is expected to help Ritchie Bros expand into the vehicle remarketing segment and fast-track its […]
Sensorion, a French biotechnology company, has received the rare pediatric disease designation from the US Food and Drug Administration (FDA) for its OTOF-GT gene therapy candidate for the treatment of otoferlin gene mediated hearing loss. OTOF-GT gene therapy development program targets the restoration of hearing in individuals suffering from otoferlin deficiency. Sensorion is planning to […]
Canada-based Dream Industrial Real Estate Investment Trust (DIR) and Singapore’s sovereign wealth fund GIC through their joint venture (JV) Canadian Industrial JV have agreed to acquire Summit Industrial Income REIT in an all-cash transaction valued at approximately C$5.9 billion ($4.4 billion), including debt. Summit Industrial Income REIT is a Canadian open-ended mutual fund real estate […]
VST Tillers Tractors in collaboration with Zetor Tractors, a Czech agricultural machinery manufacturer, has launched two new tractors at the CII Agro Tech India 2022 exhibition being held in Chandigarh. Co-developed by VST Tillers Tractors and Zetor Tractors at their India and Czech Republic facility, the VST ZETOR series comes with 1800kg lift capacity and […]
Continental Hospitals has launched a new premium economy wing in Hyderabad, India, marking a new pattern of the facility in the country’s healthcare space. The 50-bed premium economy wing provides private, single-patient cubicles, apart from all features of a quaternary care healthcare facility for INR 1,500. Speaking on the launch of the new facility, Jennifer […]
Saint-Gobain, a French multinational corporation, has broken ground on its new glass mat plant at its CertainTeed Roofing campus in Oxford, North Carolina (NC), marking the company’s largest ever investment in a roofing facility in the US. The glass mat facility will complement Saint-Gobain’s global Grow and Impact Strategy that aims to fast-track its presence […]
Trucknetic, an Indian online transport and logistics company, will now provide all sorts of trucks and implement its full-stack trucking solutions in the Delhi-NCR area. The logistics company claims to offer an Uber-like service for trucks. It is planning to streamline India’s logistics industry through a marketplace that connects shippers and carriers for inter-state, inter-city, […]
Novadip Biosciences, a Belgium-based biopharmaceutical company, has raised an additional €40 million in a Series B equity round and non-dilutive funding. The proceeds will be used for accelerating the clinical development of two of its investigational adipose stem cell (ASC)-derived tissue regeneration products — NVD-X3 and NVD-003. With €24 million in new equity and €16 […]