December 30, 2022 1:59 pm
Heidrick & Struggles, a provider of global leadership advisory and on-demand talent solutions, said earlier this week it had agreed to acquire Atreus, a leading player for executive interim management in Germany. The acquisition is to build on Heidrick & Struggles’ position as a leader in the on-demand talent sector by expanding this offering into […]
Read moreDecember 30, 2022 10:35 am
London-based private equity company BC Partners said this week it had agreed to acquire a majority stake in Madison Logic, which provides business-to-business digital marketing services. BC Partners will acquire Madison Logic from Clarion Capital Partners, it said, but no financial terms of the agreement were disclosed. After the acquisition closes, executives from Clarion Capital […]
Read moreDecember 29, 2022 11:44 am
Honda Motor Co Ltd intends to recall a bit over 200,000 China-produced hybrid vehicles after reports of issues with brake pedal sensors in some models. The recall will cover 105,608 hybrid vehicles produced between October 8th 2018 and September 7th 2020 by Honda’s joint venture with Dongfeng Motor Group Co as well as 95,081 vehicles […]
Read moreDecember 23, 2022 10:32 am
Stellantis (STLA), the third-largest auto maker globally, has begun exclusive talks with Faurecia and Michelin to acquire a “substantial” stake in their joint venture, Symbio, a fuel cell system manufacturer for hydrogen mobility. Last year, Stellantis introduced hydrogen-powered mid-size vans and announced plans to bring its hydrogen offer to large-size vans in Europe in 2024 […]
Read moreDecember 22, 2022 11:32 am
Hyundai Motor America said it had achieved a key milestone by selling its 15 millionth vehicle in the United States. The vehicle was a Tucson, sold at West Herr Hyundai in Williamsville, New York, to Wende and James Tuskes, the company said. “I can’t think of a better way to conclude 2022 than by celebrating […]
Read moreDecember 22, 2022 9:58 am
Clear Channel Outdoor Holdings Inc (CCO) said on Thursday that it had entered into a definitive agreement to sell its Swiss business to Goldbach Group AG, an affiliate of TX Group AG, for as much as CHF 86.0 million ($92.7 million). Clear Channel Outdoor Holdings’ Swiss business is expected to contribute nearly $9.7 million, excluding […]
Read moreDecember 21, 2022 12:19 pm
Zinc concentrate producer Titan Mining Corporation said on Wednesday that it had extended the maturity date of its $40 million credit facility with National Bank of Canada. The maturity date of Titan Mining Corp’s revolving credit facility has been extended from December 6th 2023 to December 6th 2024, the company said. “I am pleased we […]
Read moreDecember 21, 2022 9:24 am
Inter Parfums Inc (IPAR) said on Wednesday that its majority-owned French subsidiary, Interparfums SA, and fashion sport brand Lacoste had signed a global exclusive 15-year fragrance license agreement, effective January 1st 2024. Under the agreement, Interparfums will be responsible for the creation, development, production and marketing of all perfume and cosmetics lines under the Lacoste […]
Read moreDecember 19, 2022 12:08 pm
LG Energy Solution (373220) on Monday announced plans to invest KRW 4 trillion ($3.1 billion) until 2026 in an EV battery-producing plant in Ochang, South Korea. The project is to include research & development, production facilities and related infrastructure and is expected to employ 1,800 people. “We plan to set up a diversified product portfolio […]
Read moreDecember 19, 2022 9:46 am
US defense firm L3Harris Technologies Inc (LHX) said over the weekend that it would acquire Aerojet Rocketdyne Holdings Inc (AJRD) in a $4.7 billion all-cash deal, as demand for missiles surges amid continuing military conflict in Ukraine. The acquisition is expected to be finalized next year and will add on to L3Harris’ Space & Airborne […]
Read more