Generali Group is set to acquire Liberty Seguros, a Spanish insurance company with operations in Spain, Portugal, Ireland, and Northern Ireland, from Liberty Mutual Insurance in a deal worth €2.3 billion. This transaction enhances Generali’s presence in Europe, aligning with their growth strategy “Lifetime Partner 24: Driving Growth”. It bolsters Generali’s Property and Casualty (P&C) […]
Luduson G, a Hong Kong-based gaming technology company, said that it has acquired a stake in Metasense B88, a Portugal-based Metaverse venture builder, for $5 million. Metasense B88 is said to be poised to begin a series of projects in its pipeline and simultaneously launch new ventures with Luduson’s investment. The capital injection will allow […]
Swedish engineering company Sandvik has agreed to acquire Frezigest, SGPS (Frezite), a Portuguese tool manufacturer, for an undisclosed price. Frezite offers customized and standard cutting solutions to wood, plastics, and composite materials. Its offering mainly consists customized polycrystalline diamond (PCD) tools for metal and wood applications, with exposure to the general engineering, automotive, and aerospace […]
Cyient has agreed to acquire Celfinet, a Portugal-based wireless engineering services company, in a deal worth up to €41 million. According to the Indian technology solutions company, 65% of the consideration will be paid upfront, and remaining 35% will be in the form of an earnout over two years based on Celfinet’s performance. Celfinet is […]
Danish wind turbine manufacturer Vestas has bagged a 50MW contract from an undisclosed customer for the repowering of four wind farms to be built in northern Portugal. Under the contract, Vestas will be responsible for the supply and installation of 11 V150-4.5 MW wind turbines and a 15-year Active Output Management 5000 (AOM 5000) service […]
Accenture has acquired a Spain-based supply chain consulting firm called Alfa Consulting that specializes in operations strategy in capital intensive industries. The financial terms of the deal were not disclosed. Alfa Consulting is headquartered in Barcelona and has offices in Madrid and Mexico as well. The supply chain consulting firm is said to have wide […]
Berlin Packaging, a US-based hybrid packaging supplier, has acquired Spanish packaging firm Juvasa Group for an undisclosed price. Juvasa Group is made up of various companies engaged in catering to the food and beverage industry with glass, plastic, and metal packaging. Established in 1987, the Juvasa Group supplies jars and bottles for olive oil, sauces, […]
India-based digital ecosystem enabler Tata Communications has introduced the Virtual Video Assisted Referee solution (V-VAR solution) for boosting the sports experience of fans. Powered by Tata Communications’ Media Cloud, the Virtual Video Assisted Referee solution allows an unlimited number of umpires, referees as well as judges to remotely connect, irrespective of their location, to judge […]
HCL Technologies has appointed a new country head of Spain and Portugal in the form of Adolfo Calviño Asensio to fast track business growth in the region across all major industry verticals. The Indian IT services company said that the important appointment is the first of various strategic investments it intends to make in Iberia […]
Hamburger fast food chain Burger King has signed an agreement with Energias de Portugal (EDP), a Portuguese electric utility, for the installation of photo-voltaic panels in nearly 300 of its restaurants in Spain. The agreement enables the US fast food giant to generate and consume renewable energy in its facilities. The partnership with the Portuguese […]