American multinational conglomerate General Electric (GE) will refurbish two hydropower units (9 & 10) at the Mangla Hydropower Plant situated on the Jhelum River in Pakistan. The financial terms of the contract were not disclosed. The refurbishment of the 50-year-old hydropower plant in Pakistan is expected to enhance the lifetime, efficiency, and capacity of the […]
Australian Software company WiseTech Global has acquired Blume Global, a North American intermodal rail solutions provider, for $414 million. The transaction comes close on the heels of the acquisition of Envase Technologies by WiseTech. Blume Global manages intermodal containers and chassis on behalf of six of the 7 Class 1 US railroads, ocean carriers, and […]
Clean energy company TransAlta will acquire a 50% stake in the Tent Mountain Renewable Energy Complex in Alberta, Canada from Montem Resources for a total consideration of approximately CAD 25 million ($18.55 million). The Tent Mountain project is an early-stage 320MW pumped hydro energy storage development site that is expected to offer 15 hours of […]
Swiss-French building material company Holcim will acquire FDT Flachdach Technologie (FDT), a Germany-based thermoplastic roofs manufacturer, for an undisclosed amount. The acquisition is expected to complement Holcim’s integrated roofing portfolio and expand its geographical footprint of the business. Holcim’s roofing systems business is anticipated to surpass $4 billion in annual sales earlier than planned through […]
Elo Life Systems, a US-based food ingredient manufacturer, has raised $24.5 million, closing its Series A financing round, to accelerate the development of its natural, plant-based sweetener products. With this investment, Elo Life Systems also plans to advance US regulatory approvals, develop pilot-scale processing capabilities, and market-test its sweetener with consumers. The food technology company […]
Get Spiffy, a US-based on-demand car care, technology, and services company, has raised $30 million to close its Series C financing round. The on-demand vehicle maintenance startup anticipates to use the funds from the round to accelerate its growth across the business and push its Digital Servicing, a solution for automotive dealers. Spiffy also plans […]
Bavarian Nordic A/S will acquire two oral vaccines from Emergent BioSolutions for a total consideration of up to $380 million, to strengthen its position in the travel vaccines space. The acquisition is expected to help Bavarian Nordic expand its US commercial sales, marketing, and distribution network, as well as increased scale in additional European markets. […]
Waters Corporation will acquire US-based light scattering technology and software solutions provider Wyatt Technology in an all-cash transaction valued at $1.36 billion. With the proposed acquisition, Waters Corporation anticipates to increase its portfolio of separation and detection as well as build a high-growth bioanalytical characterization business. The US-based analytical laboratory instrument manufacturing company expects the […]
Vital Energy (formerly Laredo Petroleum), an Oklahoma-based oil and gas company, will acquire the Permian Basin-focused Driftwood Energy Operating in a cash-stock deal. Under the agreement, Driftwood Energy Operating, an upstream oil and gas company, will receive $127.6 million and 1,578,948 shares of Vital Energy, which is listed on the New York Stock Exchange (NYSE). […]
British consumer goods company Unilever will divest its Suave beauty and personal care brand in North America to Yellow Wood Partners, a Boston-based private equity firm. The financial terms of the transaction were not disclosed. The Suave brand sells products for women, men, and kids in ecommerce platforms and mass retailers. The brand includes hair […]