SAN FRANCISCO: Woven Planet Holdings, a subsidiary of Toyota Motor Corporation, has signed an agreement for the acquisition of Lyft Inc.’s self-driving vehicle division, Level 5 in a $550 million deal The transaction also includes multi-year non-exclusive commercial agreements between…
PARIS: TechnipFMC announced the sale of 25 million Technip Energies shares, representing around 14% of Technip Energies’ share capital at €11.10 per share, yielding total gross proceeds of €277.5 million. The sale will be through a private placement by way…
SYDNEY: Vulcan Energy Resources signed a binding agreement to acquire 100% of geothermal surface consultancy company Global Engineering and Consulting Gmbh(gec-co), a news release said. Vulcan’s 100%-owned subsidiary, Vulcan Energie Ressourcen GmbH (VER), will acquire 100% of the shares in…
SYDNEY: Hubify Limited is strategically investing $0.5M into Internet 2.0 for 4.2% equity stake, a news release said. The $0.5M will be reinvested in marketing and sales to drive Hubify’s Cyber Security revenue in Australia. Hubify Limited has entered into…
SYDNEY: Downer EDI Limited entered into an agreement to sell its tyre management business (Otraco) to Bridgestone Corporation (Bridgestone). The sale price represents an enterprise value of $79 million, a news release said. Bridgestone, which was established in 1931 and…
AUCKLAND: SMW Group Limited has entered into a conditional agreement to acquire Sarina Crane Hire for a purchase price of up to A$35.8 million, a news release said. When the SMW Group was created through a reverse listing in July…
AUCKLAND: Global company rating specialist A.M. Best has reaffirmed Tower Limited’s financial strength rating at A- (Excellent). The rating reflects Tower’s balance sheet strength, which A.M. Best assesses as very strong. A.M. Best also noted Tower’s robust financial flexibility and…
VANCOUVER: Tracesafe Inc. announced a new partnership with PlotProjects, a European leader in location-based marketing technology that delivers high-end geo-fencing and beacon services to app owners and developers. This partnership will offer a proven health and safety solution to the…
ALEXANDRIA: Good360 announced Walmart.org donated $1.2 million to help expand distribution of critically needed goods to communities in need and further support building and maintaining sustainable nonprofit operating models within Good360’s nonprofit network. With record numbers of Americans experiencing job…
AMSTERDAM: MPC Energy Solutions NV has signed a power purchase agreement (PPA) for Parque Solar Los Girasoles, a solar PV project under development in Colombia. The COP-denominated agreement includes the delivery of around 23 GWh a year over a 12…
DUBAI: dnata, one of the world’s largest air and travel services providers, has enhanced its global leadership team, announcing key senior management appointments. The new set-up will help the company decisively adapt to changing global trends, drive synergies and efficiencies…
KARACHI: Bank Alfalah Limited (BAFL) has approached Silkbank Limited seeking its concurrence to BAFL to apply to State Bank of Pakistan to proceed with the due diligence for the consumer portfolio of Silkbank Limited. Silkbank Limited has already accorded in-principle…