Consumer Goods
A South African dairy company Clover Industries Ltd., has reportedly received a takeover bid from a group of investors led by Israel’s Central Bottling Co. Reportedly, the investors group are likely to snap up the company in a deal worth 4.8 billion-rand ($359 million). According …
Technology
Chinese technology magnate Baidu is reportedly planning to establish an AI cloud computing center in the Baoding city with an aim to expand its portfolio of smart city projects. Credible sources cite that a cooperation memorandum of understanding (MoU) has already been signed by the …
Manufacturing & Construction
The new plant will effectively increase the firm’s total capacity to 3.4 million metric tons per year. Renowned cement-manufacturer, Cemex Holdings Philippines Inc.’s wholly-owned subsidiary Solid Cement Corp. has recently secured approval from the Philippines Board of Investments (BOI) for a 1.5-million metric ton (MT) …
Technology
The firming solution, xarvio™, is an innovative commercial digital product from BASF that helps farmers optimize their crop production. The digital farming solutions would be processing global credit card payments through Wirecard’s financial commerce platform. Wirecard AG (Wirecard), a German financial services & internet technology …
Power & Energy
The auction anticipates active participation from O&G companies through mutual partnerships. Britain’s Oil and Gas Authority (OGA) has recently announced an offshore licensing round to auction its North Sea oil and gas field estimated to hold around 300 million barrels of oil equivalent (boe). Sources …
Life Sciences
Labcyte’s technology enables integration capabilities and walkaway convenience which facilitates more cost-effective and quicker laboratory workflows Beckman Coulter has recently announced that the company has acquired Labcyte Inc. in an attempt to expand its laboratory automation business. Financial terms regarding the deal had not yet …
Consumer Goods
Founders Lindsey Boyd and Gwen Whiting would continue to manage the headquarters of The Laundress and one of its outlet in New York. The valuation of the deal is being speculated to be about USD 100 million. The British-Dutch multinational consumer goods firm Unilever has …
Life Sciences
Cullinan Oncology will develop and commercialize the product under a global license from Wistar Institute The novel compound has resulted in tumor growth inhibition in pre-clinical cancer models Reports confirm that Cullinan Oncology, LLC and The Wistar Institute have entered into an agreement for accelerating …
Power & Energy
The oil producer is aiming to triple its daily production of crude in the Permian Basin located in western Texas and New Mexico to 600,000 barrels of oil equivalent by 2025. Exxon Mobil Corp. has reportedly given a final approval for expansion plans which would …