September 1, 2021 9:50 am
SKF said on Tuesday that it had finalized the acquisition of Rubico Consulting AB, an industrial consultancy firm with 10 employees located in the Swedish city of Luleå. However, financial details of the deal were not disclosed. “Rubico’s expertise in signal processing enhances our existing technology base, spanning from traditional IoT hardware to the latest […]
Read moreSeptember 1, 2021 7:53 am
Norwegian Air said earlier this week that it would probably not need to raise additional cash, since the relaxation of COVID-19-related travel restrictions triggered an increase in bookings. The company’s revenue was reported to have decreased to 591 million Norwegian crowns during the first six months of 2021 from 7.1 billion Norwegian crowns during the […]
Read moreAugust 31, 2021 7:09 am
Germany’s Lufthansa AG intends to increase the number of flights and to improve catering in an attempt to win back business travelers, according to an executive board member from the company. The air carrier also plans to add a midday flight on particularly popular routes and to introduce new menus for premium clients as soon […]
Read moreAugust 30, 2021 7:11 am
Geely’s premium electric vehicle brand, Zeekr, said last week that it had raised $500 million in its first external funding from investors, including Intel Corp, battery manufacturer CATL and online entertainment company Bilibili. Other investors include Cathy Fortune Corporation as well as private equity firm Boyu Capital. According to Zeekr, the investors will jointly own […]
Read moreAugust 27, 2021 7:47 am
Global investment firm KKR said on Thursday that it had launched Strategic Lease Partners (SLP), a new platform to invest in a diversified portfolio of triple-net lease real estate. The investment, which will come mostly from KKR’s credit and real estate funds, will put the platform in position to acquire more than $3 billion in […]
Read moreAugust 26, 2021 7:29 am
According to a report by Reuters, citing sources familiar with the matter, Blackstone Group Inc (BX) is in advanced talks to buy Interplex Holdings, a technological services provider based in Singapore and owned by Baring Private Equity Asia. The deal could be valued at nearly $1 billion. According to the sources, the two companies could […]
Read moreAugust 25, 2021 9:47 am
A.P. Moller-Maersk announced earlier this week the order of eight new tankers powered by carbon-neutral methanol, as it seeks to speed up its fleet’s decarbonisation initiative. These vessels will be manufactured by Hyundai Heavy Industries and will have the capacity to carry 16,000 containers. Every tanker will have a cost of about $175 million, which […]
Read moreAugust 25, 2021 7:45 am
Volvo Cars announced plans to pause production at its facility in Torslanda, on the outskirts of Gothenburg, during the upcoming week because of the shortage of semiconductor chips. “Due to the current material shortage situation, triggered by a combination of global semiconductor shortages and new COVID-19 outbreaks, Volvo Cars has decided to pause production in […]
Read moreAugust 24, 2021 7:36 am
Pfizer Inc (PFE) said on Monday that it had agreed to buy oncology biotechnology company Trillium Therapeutics in a deal valued at nearly $2.3 billion, as the US drug maker looks to bolster its arsenal of blood cancer therapies. Pfizer intends to acquire all the outstanding shares of Trillium Therapeutics at a price of $18.50 […]
Read moreAugust 23, 2021 7:34 am
Marks & Spencer on Friday revised up its profit outlook after a surge in demand for food and an increase in online clothes’ orders provided indication that the British retailer’s latest turnaround plan was beginning to pay off. Thanks to efforts aimed to improve the quality of products and solid investment initiatives in technology and […]
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