Energy company SEAS-NVE has entered into an agreement with Denmark-based Ørsted to acquire the latter’s domestic power distribution (Radius), residential customer and City Light businesses for a cash consideration of DKK21.3 billion (US$3.2bn). The proceeds from divestiture of businesses will help Ørsted to continue its global investments in green energy. Radius with around one million […]
Destination Maternity Scottsdale store opening : Destination Maternity, a US retailer of maternity apparel, will open a new retail store in Scottsdale, Arizona, on Saturday, 21 September. The maternity apparel store is located in the Scottsdale Quarter Mall at 15059 N. Scottsdale Road and will feature wear-to-work options for career moms as well as trend-right […]
Bug Farm Foods, an insect protein company, has developed a new low-fat insect and plant protein VEXo as part of Welsh Government and Innovate UK under the Small Business Research Initiative (SBRI) project. Launched at Ysgol Penrhyn Dewi, a school in St Davids, Wales, VEXo can be used like minced meat while reducing saturated fat […]
The United Kingdom Atomic Energy Authority (UKAEA) will open a new fusion energy research facility in Rotherham, Yorkshire, to commercialize nuclear fusion as one of the important sources of low-carbon electricity in the future. The £22 million fusion energy research hub will be located at the UK’s advanced manufacturing region and will engage industrial partners […]
Energy Transfer acquisition of SemGroup : US midstream energy company Energy Transfer has agreed to acquire SemGroup for a total consideration of approximately $5.1 billion, including the assumption of debt and other liabilities. SemGroup, which is headquartered in Tulsa, Oklahoma, operates a network of pipelines, processing plants, refinery-connected storage facilities and deep-water marine terminals across […]
Lundbeck acquisition of Alder BioPharmaceuticals : Danish pharma company H. Lundbeck has entered into a definitive agreement to acquire Alder BioPharmaceuticals, a US clinical-stage pharma development company, in a transaction valued at up to $1.95 billion in cash. Alder BioPharmaceuticals is engaged in discovering, development and commercialization of novel therapeutic antibodies for the preventive treatment […]
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Vivint Smart Home, a US smart home services provider backed by Blackstone Group, has agreed to merge with a subsidiary of Mosaic Acquisition to create a home automation company worth $5.6 billion. Mosaic Acquisition is a special purpose acquisition company of Japanese investment firm SoftBank Group. Founded in 1999, Vivint Smart Home offers a suite […]
Carlton & United Breweries acquisition of Riot Wine : Anheuser-Busch InBev (AB InBev) subsidiary Carlton & United Breweries (CUB) has acquired Australian canned wine company Riot Wine for an undisclosed amount, as per the latest drinks acquisition news. Adelaide-based Riot Wine is said to be the only wine company in the country that sells wine […]
Communications equipment company Motorola Solutions has opened the company’s first college campus innovation center at Research Park, an affiliate of the University of Illinois Urbana-Champaign, US. The new Motorola Solutions innovation and design center will develop products, applications and services in a range of areas, including command center software and video. Kelly Mark – executive […]
Ethos therapy Varian : Varian, a cancer care technologies developer, has introduced Ethos therapy, an artificial intelligence (AI)-powered personalized cancer care delivery system in radiation oncology, as per the latest medical device news. Ethos therapy, designed to deliver adaptive treatment in a typical 15-minute timeslot, will target the tumor, reduce dose to healthy tissue and […]
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