Posts By: businessnewstoday

businessnewstoday December 30, 2017

Sintavia breaks ground on metal additive manufacturing plant in Hollywood

Chemical industry news : Florida-based metal additive manufacturer Sintavia has started construction on its new metal additive manufacturing plant in Hollywood to cash in on the growing additive manufacturing industry which is estimated to more than triple in the coming three years. The new 55,000 square foot metal additive manufacturing factory, which is being built […]

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businessnewstoday December 30, 2017

Home furnishings retailer IKEA to build new furniture store in Marietta, GA

Retail industry news : Home furnishings retailer IKEA has revealed its plans to open its second furniture store in Atlanta, Georgia for which it has selected a location in Marietta. The furniture store retailer is yet to work out on the construction schedule and opening of the new home furnishings shop in Atlanta. IKEA though […]

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businessnewstoday December 30, 2017

TRIG buys stake in Sheringham Shoal offshore UK wind farm from Equitix

Energy acquisition news : The Renewables Infrastructure Group (TRIG), a British investment trust has entered into the $1.8 billion worth Sheringham Shoal offshore wind farm in the UK North Sea by buying a stake of 14.7% from investment manager Equitix for a sum of about £80 million. The investment from TRIG will represent an indirect […]

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businessnewstoday December 17, 2017

Discount retailer Target to acquire online grocery delivery service Shipt

Retail acquisition news : American discount store retailer Target has struck a deal to acquire online grocery delivery service Shipt for $500 million with an intention to strengthen its fulfillment capabilities. Shipt, which is headquartered in Birmingham, Alabama, was founded in 2014. It is a membership-based online grocery marketplace and same-day delivery platform. The online […]

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businessnewstoday December 16, 2017

Statkraft sells stake in Sheringham Shoal wind farm offshore UK to Equitix

Energy acquisition news : Statkraft, a hydropower company owned by the Norway government, has reached a deal worth £558 million to divest its 40% stake in the 316.8MW Sheringham Shoal offshore wind project in the United Kingdom to Equitix, a London-based private equity firm. The Sheringham Shoal wind farm, which broke ground in 2009, is […]

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businessnewstoday December 16, 2017

Teva job cuts : Israeli pharma company to remove 14,000 employees

Teva job cuts : Teva Pharmaceutical Industries, the Israel-based generic drug maker has announced its decision of removing 14,000 employees across its global operations under a two-year restructuring plan, designed at reviving its business and financial performance. The Teva Pharmaceuticals job cuts represent more than a quarter of the global workforce of the Israeli pharma […]

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businessnewstoday December 10, 2017

Nestle to acquire supplement and vitamin maker Atrium Innovations for $2.3bn

Food acquisition news : Swiss food and beverage giant Nestle has struck a deal to acquire nutritional health products manufacturer Atrium Innovations based in Canada for $2.3 billion from a consortium of investors. Nestle acquisition of Atrium Innovations from a Permira Funds-backed firm, Caisse de dépôt et placement du Québec, Fonds de solidarité FTQ and […]

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businessnewstoday December 10, 2017

Latest GE Power layoffs to impact 12,000 employees

GE Power layoffs : In a massive lay off program, General Electric (GE) will make 12,000 employees redundant at its GE Power unit with an aim to reduce the overall structural costs of the latter by $3.5 billion by 2018 end. The reduction in its global workforce of over 55,000 employees has been driven by […]

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businessnewstoday December 9, 2017

Clas Ohlson to acquire stake in Swedish online grocery store MatHem

Retail acquisition news : Swedish retail company Clas Ohlson has agreed to buy a stake of 10% in MatHem i Sverige, the holdings company of MatHem, a Sweden-based online grocery store for SEK 221 million ($26.16 million) According to Clas Ohlson, MatHem is one of the top e-commerce operator and the largest online grocery store […]

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