Fosfor, the data-to-decisions product suite of Larsen & Toubro Infotech (LTI), has received Snowflake Technology Ready status for its DataOps and Decision Intelligence products. The validation confirms Fosfor’s DataOps product, Spectra, and Decision Intelligence product, Lumin, adhere to Snowflake’s best practices around performance, reliability, and security. Spectra is a comprehensive product that provides the fastest […]
Aspen Power Partners, a US-based distributed generation platform, has acquired Safari Energy from PPL Corporation, following a $350 million investment from Carlyle. The acquisition forms part of the organic and acquisition-driven growth strategy of Aspen Power Partners, which targets the multifamily, community, and commercial & industrial (C&I) solar and storage markets to achieve gigawatt scale […]
Next Century Spirits (NCS), a US-based spirits company, has acquired XED Beverages, a health-conscious beverages retailer, for an undisclosed price. The acquisition is expected to fast-track the emergence of Next Century Spirits as a total beverage alcohol company. It comes close on the heels of Next Century Spirits launch of Truthteller 1839 Whiskey in association […]
Marathon Oil has agreed to acquire the Eagle Ford Shale assets of Ensign Natural Resources in an all-cash transaction valued at $3 billion to nearly double its position in the basin. Through the transaction, Marathon Oil will acquire an additional 130,000 net acres (99% operated, 97% working interest) that span the Live Oak, Bee, Karnes, […]
Sun Capital Partners through its affiliate has agreed to sell glass packaging manufacturer Allied Glass to Verallia, a French glass container manufacturing company, for a total enterprise value of £315 million, marking the first Fund VII exit. UK-based Allied Glass is a glass packaging containers manufacturer for the spirits, drinks, and food markets, and specializes […]
Sealed Air (SEE), a packaging company listed on the New York Stock Exchange, has agreed to acquire Liquibox, a US-based sustainable liquid packaging solutions manufacturer, from Olympus Partners for $1.15 billion. The acquisition of the liquid packaging producer is expected to help Sealed Air to increase its penetration in foodservice, quick service restaurants, liquid packaging, […]
Panasonic Energy, a Panasonic Group company, has broken ground on a new lithium-ion battery manufacturing facility in De Soto, Kansas, US with an investment of around $4 billion, to add critical capacity to the domestic electric vehicle (EV) battery supply chain. The new facility will produce “2170” cylindrical Li-ion batteries and will have around 30GWh […]
The Government of Poland will deploy Westinghouse Electric’s AP1000 nuclear reactor technology at the first-ever nuclear power plant in Poland, advancing the country’s clean and secure energy future. The US manufacturing company will supply three AP1000 nuclear power reactors for the Polish government’s 6-9GWe nuclear program that commences at the Lubiatowo-Kopalino site in northern Poland. […]
Tata Sons, through its affiliate Air India, has agreed to acquire the remaining 16.67% stake in AirAsia India from AirAsia Aviation, the holding company of Capital A’s airline group, for INR 155.65 crores. The acquisition will help Tata Group to consolidate its airline business while enabling Malaysian multinational low-cost airline AirAsia to develop an Asean-only […]
Nordstrom, a US-based fashion retailer, is planning to launch a new Nordstrom Rack in SLO Promenade, a shopping center, in San Luis Obispo, California to strengthen the company’s network of stores. Spanning over 24,000 square- foot area, the new Nordstrom Rack will mark the 58th Nordstrom Rack store, and will open in fall 2023. Nordstrom […]
