Articles — Page 61

Aalberts completes acquisition of Grand Venture Technology Limited

Aalberts announced it has completed the acquisition of Grand Venture Technology (GVT), a precision engineering solutions provider headquartered in Singapore with six facilities across Singapore, Malaysia and China. GVT generated SGD 160 million in 2024 revenue with an adjusted 19% EBITDA margin and about 1,800 employees. The deal expands Aalberts into Southeast Asia’s semiconductor market in line with its ‘thrive 2030’ strategy and strengthens capabilities in components, mechatronics, assembly and testing across semiconductor, analytical life sciences, medical, aerospace and industrial automation industries. Aalberts expects multi‑year growth from the combination and will consolidate GVT results starting November 1, 2025. CEO Stéphane Simonetta said the acquisition creates a stronger platform to support customers with leading engineering technologies and unlocks growth in the region.

Carbon Revolution secures further funding of $5 million from OIC, reports cancellation of two EV wheel programs

Carbon Revolution plc, a manufacturer of advanced carbon fiber wheels for automotive OEMs, announced an agreement with Orion Infrastructure Capital for up to US$7 million of additional funding. Of this, US$5 million was released on October 31, 2025, via the issuance of additional senior secured notes with terms substantially similar to the company’s existing notes. The company also reported the cancellation of two electric vehicle wheel programs, citing broader market softness in EV demand. Carbon Revolution said the additional capital will support operations as it continues to execute its strategy in high‑performance wheel programs and navigate near‑term market changes.

Alps Announces Closing of Business Combination with Globalink Investment Inc.

Alps Group Inc., the parent of Alps Life Sciences Inc. (Alps Holdco), and Globalink Investment Inc., a SPAC, jointly announced the successful closing of their business combination. The transaction consisted of a redomestication merger (Globalink merging into Alps Group, which remains the publicly traded entity) followed by an acquisition merger in which a merger subsidiary combined with Alps Holdco, making Alps Holdco a wholly owned subsidiary of Alps Group. Alps ordinary shares began trading on Nasdaq under the ticker "ALPS" on October 31, 2025, while its warrants trade OTC as "ALPWF." The combined company’s estimated enterprise value is approximately US$1.6 billion. Concurrently, the parties completed a PIPE subscription totaling about US$3.1 million to support growth and working capital. Alps, headquartered in Kuala Lumpur, focuses on predictive, preventive and precision medicine, including genomics, mRNA and personalized vaccines, and cellular therapies. The company plans to operate under the name Alps Group Inc. with its headquarters in Malaysia.

TELUS Completes Privatization of TELUS Digital

TELUS Corporation and TELUS International (Cda) Inc., now operating as TELUS Digital, announced the completion of TELUS’ acquisition of all outstanding multiple voting and subordinate voting shares of TELUS Digital not already owned by TELUS, for US$4.50 per share in cash and/or TELUS common shares. The aggregate consideration is approximately US$539 million. Following the closing, TELUS owns 100% of TELUS Digital. TELUS stated the transaction positions the company as a global leader in AI‑powered digital customer experience and SaaS transformation across multiple industries, and will enable closer integration of digital solutions across telecommunications, health, agriculture and consumer goods, while supporting continued growth in TELUS Digital’s external client business. TELUS expects operational efficiencies of roughly $150 million annually from the combination. President and CEO Darren Entwistle said integrating TELUS Digital will accelerate AI‑driven platforms and SaaS innovation for customers in Canada and globally, while enhancing shareholder value.

Teledyne Completes Acquisition of TransponderTech from Saab

Teledyne Technologies Incorporated announced the successful completion of its acquisition of the TransponderTech business from Saab AB. The acquired company will operate as Teledyne FLIR TransponderTech AB and join Teledyne’s Raymarine, FLIR Marine, ChartWorld and Teledyne CARIS brands, expanding the group’s maritime technology solutions. Based near Linköping, Sweden, the business will market its products as FLIR TransponderTech and continue to develop Automatic Identification System (AIS), VHF Data Exchange System (VDES), and Global Navigation Satellite System (GNSS) technologies. Teledyne said the acquisition strengthens its offerings in communications and navigation for civil and military customers across shipping, marine traffic, airborne and space segments. CEO George Bobb noted that communications and navigation solutions are highly complementary to Teledyne’s portfolio and further expand FLIR Marine’s industrial, military and airborne technologies. The company cautioned that forward‑looking statements are subject to risks, including integration and market conditions.

SuperX and Teamsun Announce Formation of "SuperX Global Service" Joint Venture

SuperX AI Technology Limited and Beijing Teamsun Technology Co., Ltd. have formed a joint venture called SuperX Global Service Pte. Ltd., with SuperX holding a 51% majority stake. The Singapore-based JV will provide end-to-end AI infrastructure services globally, leveraging Teamsun's service expertise to complete SuperX's product+service value chain.

Brookfield Acquires Hong Kong Site for Cold Storage Venture with Uni-China

Brookfield and Māori Capital (investment arm of Uni-China Group) formed a joint venture to acquire a prime industrial site in Tsing Yi, Hong Kong from Swire Properties for development into a modern cold storage facility, marking the seed property for their new cold storage JV platform.

Sany Heavy Industry Co., Ltd.'s Hong Kong IPO: "A+H" Dual Platform Anchors a New Journey of Globalization

Sany Heavy Industry Co., Ltd. completed its Hong Kong IPO on October 28, 2025, listing on the Main Board of HKEX, establishing an A+H dual-listing framework to support its globalization, digitalization, and decarbonization strategies.

Armada Acquisition Corp. II Announces Ticker Symbol Change to XRPN on Oct 30, 2025

Armada Acquisition Corp. II, a SPAC sponsored by Arrington XRP Capital Fund, announces a ticker symbol change to XRPN effective October 30, 2025, as part of a strategic transformation following a business combination agreement with Evernorth Holdings, Inc., aiming to become a leading institutional XRP digital asset treasury company with over $1 billion in gross proceeds.

Moving Walls Acquires Insightz Club to Lead the Out of Home Industry's AI Driven Transformation

Moving Walls, a global leader in media technology for Digital Out-of-Home and retail media, has acquired Insightz Club, a pioneer in audience research and behavioral intelligence, to launch Moving Walls Science—an AI-powered intelligence suite that combines behavioral research and predictive analytics to redefine connected media planning, measurement, and optimization.

Acclime Acquires Crowe Singapore to Create Regional Professional Services Powerhouse

Acclime, a leading corporate services and advisory firm, has acquired Crowe Singapore, one of Singapore's top accounting and advisory practices, creating one of the largest professional services firms in Singapore and strengthening Acclime's regional presence across Asia Pacific and the Middle East.

Kinterra Expands U.S. Copper Platform by Completing the Acquisition of the Antler Copper Project

Kinterra Capital Corp. has completed the acquisition of 100% of ASX-listed New World Resources Ltd and its flagship Antler Copper Project in Arizona for approximately US$160 million, expanding its U.S. copper production capacity.

Sunwave Health Merges with Lightning Step Technologies

Sunwave Health and Lightning Step Technologies, two leading providers of modern software solutions for behavioral health and substance use organizations, today announced a strategic combination of their businesses to form a unified technology platform, purpose-built for behavioral health providers nationwide. The merger is supported by a strategic growth investment in the combined entity by BVP Forge. In addition, existing investors Level Equity, Blueprint Equity, and Gallant Capital Partners have re-invested in the combined company.

ASUENE USA acquires Iconic Air

ASUENE Inc. today announced that its U.S. subsidiary, ASUENE USA, has completed the full acquisition and integration of Iconic Air, Inc., a leading U.S.-based SaaS provider specializing in greenhouse gas (GHG) emissions monitoring and methane-leak detection. Iconic Air has officially joined the ASUENE Group, further accelerating its North American growth and strengthening its technology foundation for data-driven decarbonization. "This acquisition marks a pivotal step in advancing our U.S. presence," said Kohei Nishiwada, Founder & CEO of ASUENE Inc. "With Iconic Air's proven technology and strong customer base, we can now deliver integrated solutions addressing both CO₂ and methane emissions—empowering companies across sectors to accelerate their green transformation."

FieldFlo raises USD 35m growth capital from Mainsail Partners

FieldFlo, a leading provider of project and safety management software for specialty subcontractors, announced that it has raised $35 million in growth capital from Mainsail Partners, a growth equity firm investing in vertical SaaS companies. The investment will help FieldFlo accelerate product innovation and continue supporting the operational, safety, and compliance needs of high-risk specialty contractors across North America.

FFL Partners taps Baird for Anova sale process

FFL Partners is working with financial advisor Baird on a sale process for Anova, a remote asset monitoring solutions group, according to two sources familiar with the situation. First round bids were due this week for the New Providence, New Jersey-based company, which has EBITDA of more than USD 30m, the sources said. Financial groups are looking at the company, the sources said, adding that infrastructure funds would be logical suitors.

Centerbridge Partners completes buyout of MeridianLink

Centerbridge Partners, L.P. (“Centerbridge”), a global investment firm with deep experience investing in financial services and technology, today announced the completion of its acquisition of MeridianLink, Inc. (“MeridianLink” or the “Company”), a leading provider of modern software platforms for financial institutions and consumer reporting agencies. The transaction includes a minority investment from Silversmith Capital Partners to further growth and innovation.

Advising Companies in M&A Transactions: A Complete Guide for Success

Above Food Congratulates Merger Partner Palm Global Technologies and Subsidiary Palm Promax Investments on Landmark Burkina Faso Stablecoin Agreement and Multi-Trillion-Dollar Gold- and Mineral-Backed Asset Commitment

Above Food announced a joint venture between its merger partner Palm Promax Investments and Burkina Faso entities to tokenize up to $8 trillion in gold and mineral assets, establishing a stablecoin as the nation's digital currency.

SuperX and Chengtian Weiye Establish Joint Venture SuperX Cooltech to Jointly Launch AI Liquid Cooling Solutions

SuperX AI Technology Limited and Shenzhen Chengtian Weiye Technology Co., Ltd. have formed a joint venture called SuperX Cooltech Pte. Ltd. in Singapore to provide AI liquid cooling solutions globally, excluding mainland China, Hong Kong SAR, and Macau SAR.

BW Nexus Pte. Ltd. Announces Acquisition of C&B Inc. to Drive Innovation and Service Enhancement

BW Nexus Pte. Ltd., a Singapore-based technology solutions provider, has acquired C&B Inc., a licensed payment remittance company, to enhance financial technology innovation and strengthen its presence in the digital payment ecosystem. The acquisition was completed on October 10, 2025, with C&B Inc. continuing to operate independently under its existing brand and team.

Neolix Raises US$600+ Million in Series D, Setting New Record for China's Autonomous Driving Industry

Neolix, a leading provider of L4 autonomous delivery solutions, has raised over US$600 million in a Series D funding round, marking the largest private fundraising in China's autonomous driving sector to date.

Neolix Raises US$600+ Million in Series D Funding, Setting New Record for Private Financing of China's Autonomous Driving Industry

Neolix, the world's largest provider of L4 autonomous delivery solutions, has raised over US$600 million in Series D financing led by UAE-based StoneVenture, marking the largest private fundraising in China's autonomous driving sector to date.

Darwin AI announces Series A round

Darwin AI, a leader in enabling governments to harness artificial intelligence safely and at scale, today announced a USD 15m Series A funding round led by global software investor Insight Partners, with participation from existing investors UpWest and Resolute Ventures. As part of the investment, Brenda Harvey, former General Manager of IBM Public Sector and Federal and current Board Member at Nissan Motor Corporation, will join Darwin's Board of Directors.

Chainguard raises USD 280m

Chainguard, the trusted source for open source, today announced USD 280m in growth financing from General Catalyst's Customer Value Fund (CVF). This investment, which will help Chainguard meet growing demand and accelerate its mission to make open source software trustworthy by default, follows the company's Series D fundraise in April and marks USD 636m total secured in the past six months and USD 892m in total.

AI meets capital: Bizcap welcomes 8fig into its global portfolio to accelerate growth funding

Bizcap, together with its US affiliate NewCo Capital Group, has acquired 8fig, an AI-driven funding and cash flow planning platform for e-commerce sellers, to enhance its automated underwriting, AI-driven funding, and intelligent business tools for SMEs globally.

AI meets capital: Bizcap welcomes 8fig into its global portfolio to accelerate growth funding

Bizcap, together with its US affiliate NewCo Capital Group, has acquired 8fig, an AI-driven funding and cash flow planning platform for e-commerce sellers, to enhance its global fintech portfolio and accelerate growth funding capabilities.

KFin Technologies acquires 51% controlling stake in Ascent Fund Services for USD 35 million, expanding into the global fund administration industry

KFin Technologies Limited has completed the acquisition of a 51% controlling stake in Ascent Fund Services (Singapore) Pte. Ltd. for USD 34.68 million, becoming its sole promoter. This acquisition strengthens KFintech's global expansion and positions it as a technology-driven financial infrastructure company.

Hop Lun Expands Global Manufacturing Capabilities With Strategic Acquisitions in Morocco

Hop Lun, a global intimate apparel manufacturer, announced definitive agreements to acquire two Moroccan manufacturing businesses: Tobago and the Morocco operations of Chantelle Group, expected to close in Q4 2025.

Gabriel India Limited signs joint venture with SK Enmove, part of the SK Group

Gabriel India Limited (GIL), the flagship of the ANAND Group, has formed a joint venture with SK Enmove, a subsidiary of South Korea's SK Group, to enter India's lubricants and EV fluids market. The JV, named 'SK Enmove Gabriel India', will be 51% owned by SK Enmove and 49% by GIL, involving a greenfield facility and acquisition of SK Enmove's existing India operations.

Temple Raises $5M To Build Privacy Focused Technical Stack To Trade Capital Markets On Canton

Temple Digital Group raised a $5M seed round led by Paper Ventures to build a privacy-focused trading platform for digital assets on the Canton Network, with participation from multiple other investors.

CUBE ACQUIRES BERLIN-BASED KODEX AI, CREATING AN INDUSTRY-FIRST UNIFIED COMPLIANCE, RISK AND AGENTIC AI PLATFORM

CUBE, a global leader in Automated Regulatory Intelligence and Regulatory Change Management, has acquired Kodex AI, a Berlin-based technology company specializing in agentic AI for compliance and risk management. This acquisition adds co-worker functionality through AI agent architecture to CUBE's RegPlatform, enhancing automation and regulatory adherence for customers.

ESR and Colt DCS Announce Joint Venture on New Osaka Data Centre Development

ESR and Colt DCS have formed a joint venture to develop a 130 MW hyperscale data centre site in Minoh City, Osaka, Japan, with the first phase comprising 65 MW to be designed, built, and operated by the partnership.

Zeta Network Group Strengthens Balance Sheet with $231 Million Bitcoin-Backed Investment

Zeta Network Group (NASDAQ: ZNB) announced a $230.8 million private placement of Class A ordinary shares and warrants, with proceeds payable in BTC or SolvBTC, to enhance its digital treasury with Bitcoin-backed assets.

The Largest 2025 M&A Deal in China's Beauty Service Industry: Beauty Farm Strategically Acquires Siyanli for RMB1.25 Billion, Reshaping the Premium Beauty Service Market

Beauty Farm Medical and Health Industry Inc. has acquired 100% equity interest in Shanghai Siyanli Industrial Co., Ltd. for RMB1.25 billion, creating a 'tri-power alliance' with the top three beauty brands in China and significantly expanding its store network and membership base.

Integrum Raises $2.5 Billion for Oversubscribed Fund II

Integrum Holdings LP announced the final close of its Integrum Capital Partners II LP fund with $2.5 billion in capital commitments, surpassing its target and hard cap. The fund was significantly oversubscribed with strong support from existing limited partners and new global investors.

Autoliv and HSAE - New Strategic Joint Venture to Advance Automotive Safety Electronics

Autoliv and Hangsheng Electric Co., Ltd. (HSAE) announced their intent to form a joint venture focused on developing and manufacturing advanced safety electronics for the Chinese automotive market, with Autoliv holding 40% and HSAE holding 60% ownership.

Yup, The Southeast Asia "Nubank", Raises $32 Million in C-1 Round, Bringing Total Equity Funding to over $100 million

Southeast Asian digital bank Yup has raised $32 million in a C-1 equity funding round led by Moore Strategic Ventures, Spice Expeditions, and Platanus, bringing total equity funding to over $100 million. The funds will support customer base expansion and product refinement as the company approaches profitability.

MIRATECH Expands Global Reach with Acquisition of Exhaust Control Industries (ECI)

MIRATECH, a global leader in emissions and acoustic control solutions, has signed definitive documentation to acquire Exhaust Control Industries (ECI), an Australian-based manufacturer of industrial exhaust and emissions solutions. This acquisition strengthens MIRATECH's global growth strategy and enhances its capabilities in the Asia Pacific region.

Pioneering Crypto Life Insurer Anthea Raises US$22 Million in Series A Funding

Anthea Holding Limited, a Bermuda-based crypto life insurance company, has secured US$22 million in Series A financing led by Yunfeng Financial Group Limited to launch the world's first Ethereum-denominated life insurance product and expand operations across Asia.

Jiuzi Holdings, Inc. Announces Phased Rollout of $1 Billion Cryptocurrency Acquisition Plan; First Bitcoin Purchase to Be Completed Within Two Weeks

Jiuzi Holdings, Inc. (NASDAQ: JZXN) announced implementation details of its $1 billion capital plan to raise funds from market investors, institutional investors, long-term value investors, strategic partners, and existing shareholders for cryptocurrency acquisitions, with initial purchases expected within two weeks.

Newmark Acquires Leading Real Estate Consulting and Managed Services Firm, RealFoundations

Newmark Group, Inc. has acquired RealFoundations, Inc., a global professional services firm focused on real estate management consulting and managed services, to expand its Investor Solutions suite and enhance fund and asset management capabilities for institutional clients worldwide.

MRI Software Acquires Proptech Labs to Deliver All-in-One Property Management Solutions Across Australia and New Zealand

MRI Software, a global real estate solutions provider, has acquired Melbourne-based Proptech Labs, a software company specializing in property management solutions for Australia and New Zealand. The acquisition aims to integrate Proptech Labs' capabilities with MRI's existing Property Tree and Palace platforms to offer enhanced functionality including maintenance, invoicing, key management, inspection management, and AI-driven automation.

Plusgrade Acquires Oaky, Strengthening its Position as a Global Leader in Hospitality Upselling

Plusgrade, a global leader in ancillary revenue solutions, has acquired Oaky, an award-winning upselling platform, to create a unified upsell platform for the hospitality industry.

Avidex acquires CCS New England

Avidex, a leading national provider of audiovisual solutions, today announced the acquisition of CCS New England, one of the region’s premier audiovisual systems integrators serving the greater New England region. This strategic move unites two highly respected AV integrators to deliver greater innovation, capabilities, and service excellence for clients across the Northeast. While CCS Presentation Systems has operations across the US, this acquisition is specific to CCS New England, the operating entity serving Massachusetts, New Hampshire, and Rhode Island.

Legrand acquires Avtron Power Solutions in USD 1.13bn EV deal

Lava raises USD 17.5m in additional funding

Lava Has Raised $30M to Build the Financial System for the Bitcoin Standard Shehzan Maredia We’ve now raised $30 million in total financing to build the financial infrastructure for the Bitcoin standard. This milestone includes $17.5M in new participation from both institutional and individual backers who believe in a transparent and secure alternative to the legacy financial system.

DermaSensor raises USD 16m in Series B funding round

DermaSensor Secures $16M to Scale AI-Powered Skin Cancer Detection in Primary Care DermaSensor Inc., a medical device technology company transforming skin cancer detection for frontline care, today announced it has raised $16 million in Series B funding to fuel the commercial expansion of its FDA cleared, non-invasive skin cancer detection solution. This latest round of financing comprises most major existing investors, as well as new institutional investors including Pier 70 Ventures, Kern Venture Group, GenHenn Capital, and an undisclosed strategic investor. This additional $16M in capital brings the total investment in the company to $43 million.