Maroon Group acquisition of Cambrian Solutions : Maroon Group, backed by CI Capital Partners, has acquired Cambrian Solutions, an Ontario, Canada-based specialty ingredients and chemicals distributor, increasing the former’s North American presence. Cambrian Solutions, which was founded in 1995, provides specialty ingredients and chemicals to customers in the natural and organic; food; household, industrial, and […]
University Hospitals Health System, Cleveland, US, has chosen NextGen Population Health to improve patient care. Data-driven solution offers patient analytics, identifies gaps in care or practice pattern variations, and improves proactive patient health management. Peter Pronovost – chief clinical transformation officer, University Hospitals said: “One of the ways we can provide the best health outcome and […]
Cabot, a US chemicals and performance materials company, has opened its new fumed silica manufacturing facility in Wuhai, Inner Mongolia to meet the growing demand for fumed silica in China. The Wuhai fumed silica production facility is a joint venture between Cabot with an 80% equity interest and Inner Mongolia Hengyecheng Silicone (HYC) with 20% stake. […]
Abu Dhabi-based investment firm Mubadala Investment in collaboration with Stonepeak Infrastructure Partners has agreed to invest approximately $500 million in Cologix, a US network-neutral interconnection and data center firm. The proceeds from the deal will enable Cologix to focus on infrastructure expansion to meet the increasing requirements of data center customers especially in both the […]
Petronet LNG Limited India and its affiliates will negotiate the purchase of up to five million tons per annum (5 mtpa) of liquefied natural gas (LNG) from Driftwood LNG export terminal following a memorandum of understanding (MOU) with Tellurian. For the supply of 5 mtpa of LNG a year for more than 40 years, Petronet […]
McDermott International, a US-based provider of technology, engineering and construction solutions to the energy industry, will explore all possible options to assess the strategic and financial value of its technology business Lummus Technology. The move follows unsolicited approaches received by the company to acquire all or part of Lummus Technology for an enterprise value of […]
Palo Alto Networks acquisition of Zingbox : US cybersecurity company Palo Alto Networks has agreed to acquire IoT cybersecurity company Zingbox for $75 million in an all-cash deal. Using advanced AI and machine learning technologies, Zingbox’s cloud-based service discover, identify, secure and optimize IoT devices, and helps businesses realize the full potential of their connected […]
Koninklijke Philips (Royal Philips), a Dutch medical equipment company, is planning to sell its remaining 10.7% stake in its former lighting division Signify NV. The planned transaction is part of Royal Philips’ target to fully divest its interest in Signify. Royal Philips has launched an accelerated bookbuilding to sell its 13.8 million shares in Signify, […]
DataDirect Networks acquisition of IntelliFlash : Big data storage supplier DataDirect Networks (DDN) has agreed to acquire IntelliFlash, an enterprise storage business, from Western Digital, a US data storage company, for an undisclosed price. The acquisition of IntelliFlash will consolidate the position of DataDirect Networks as a value-added artificial intelligence and multi-cloud data management solutions […]
BancPlus acquisition of State Capital Corp. : BancPlus and State Capital Corp. have agreed to merge to create a premier regional bank in the US in an all-stock deal worth around $136.5 million, as per the latest banking acquisition news. While BancPlus is the parent company of BankPlus, State Capital Corp. is the holding company […]