Archer Aviation Inc. has announced significant Q2 operating and financial results for the period ending June 30, 2023. Notably, the company has confirmed a substantial $215 million equity investment from industry behemoths such as Stellantis, Boeing, United Airlines, ARK Invest, and more, boosting its total funding to an impressive $1.1 billion. In sync with this, […]
Georgia Power has announced the commencement of commercial operation of Plant Vogtle Unit 3, signaling a milestone in the State of Georgia’s clean energy journey. This new unit represents an enduring investment in the state’s emissions-free energy future, aimed at supplying dependable energy to customers for the coming decades. Vogtle Unit 3 stands out as […]
Gainesville Eye Associates and North Georgia Eye Clinic, two of the major ophthalmology practices in North Georgia, have combined their operations to form North Georgia Eye Associates. With a shared legacy of over 100 years in providing exceptional eye care services, ranging from preventative care to surgical repair and cosmetic procedures, this alliance marks a […]
United Community Banks, Inc. (NASDAQ: UCBI), based in Blairsville, Georgia, has finalized its $115.9 million acquisition of the bank holding company, First Miami Bancorp, creating a new industry milestone in all-stock deals. As part of the merger agreement, shareholders of First Miami Bancorp will receive 40.2685 shares of United Community Banks’ common stock for each […]
TTG Imaging Solutions has acquired Digirad Health, a Suwanee, Georgia-based provider of solid-state nuclear imaging and diagnostic services, from Star Equity Holdings for an undisclosed price. Operating as a diagnostic imaging turnkey business, Digirad Health acts as an OEM and service provider for a collection of mobile and fixed solid-state nuclear medical cameras. Digirad Health […]
Majors Management, an American convenience stores chain, has agreed to acquire MAPCO Express, an operator of gas stations and retail convenience stores, for an undisclosed price. The transaction is contingent on a separate deal under which 112 MAPCO fuel and convenience retail sites are being sold to Alimentation Couche-Tard. According to Majors Management, its deal […]
South Korean photovoltaic cells maker Qcells is investing $2.5 billion to construct a solar power manufacturing plant in Bartow County, Georgia, US, to quadruple the company’s solar module production capacity. Qcells expects to scale its solar module production capacity in the US from 1.7GW in 2022 to 8.4GW by 2024. The solar power manufacturing project […]
Hyundai Motor Group has commenced construction of an electric vehicle (EV) and battery manufacturing plant in the US, with a total investment of $5.54 billion. Revealed five months ago, the investment will involve building Hyundai Motor Group Metaplant America’s new manufacturing plant at the Bryan County Mega site. Mainly powered by renewable energy, the new […]
Swedish industrial company Atlas Copco said that it has purchased the operating assets of Compressed Air Products, Inc. (CAP), a compressor distributor based in Georgia, US, for an undisclosed price. Compressed Air Products is said to sell compressor distributors to a variety of industrial customer segments. The company also has a service business. According to […]
Mississippi-based First Bancshares has agreed to acquire rival American bank holding company Heritage Southeast Bancorporation in an all-stock deal worth around $207 million. First Bancshares is the parent company of The First Bank, while Heritage Southeast Bancorporation owns the Heritage Southeast Bank, based in Jonesboro, Georgia. The deal is expected to deepen the footprint of […]