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Ocado, that develops software, robotics, and automation systems for online retailers has invested £10 million in Oxbotica, an autonomous vehicle software company. The company Ocadoa, leading UK-based online grocery platform and solutions provider announced the partnership with the Oxford-based startup Oxbotica to develop a range of autonomous vehicles. Ocado is treating this as a strategic […]
The British manufacturing company Melrose Industries to sell its Nortek Air Management business to Chicago-based Madison Industries for approximately £2.62 billion ($3.625 billion). In the Year 2016 the Melrose Industries acquired Nortek for £2.2 billion, in the same year Melrose seed funded a new technology for the nascent StatePoint business, with an initial $2 million […]
The fintech solutions company Pine Labs acquires Singaporean startup Fave for $45 million as part of joint growth & expansion plan. Fave has enabled 6 million consumers in SEA to save over US$400 million across 40,000 retailers since 2016. With this acquisition, Indian consumers will be able to use Fave app later this year to […]
The Singaporean multinational ride-hailing company and Southeast Asia’s leading superapp, Grab Holdings Inc. (“Grab”), has announced to go public with U.S. in partnership with Altimeter Growth Corp . (Nasdaq: “AGC”). This merger is expected to be one of the largest-ever U.S. equity offering by a Southeast Asian company. The proposed transactions value Grab at an […]
The American multinational investment management corporation, BlackRock has raised $4.8 billion for Global Renewable Power Fund III with commitments from over 100 institutional investors, including leading public and private pension funds, foundations, insurance companies, endowments and family offices from over 18 countries globally. GRP III, which invests in global climate infrastructure assets, primarily in renewable […]
The Saudi Arabian public petroleum and natural gas company, Saudi Aramco has agreed to sell its minority stake of $12.4 billion in a newly formed oil pipeline business to a US based EIG Global Energy Partners. It is Saudi Aramco’s largest deal since its record $29.4 billion initial public offering in late 2019. The deal […]
The Abu Dhabi Fund for Development ( ADFD ), will invest around $10 million (Dh37 million) from a $45 million (Dh165 million) grant extended by the UAE government to support Micro, small and Medium Enterprises ( MSME ) in Colombia . The project supports both financially and non financially, the latter comprises capacity building, technical […]
The worlds largest sovereign wealth fund, Norges Bank Investment Management, has agreed to make its first investment in renewable energy worth £1.375 billion ($1.63 billion) in Dutch offshore wind farm. The bank controls around $1.1 trillion in assets which is mainly derived from the country’s offshore oil reserves said it will buy the stake in […]
The Mexican pre-owned car start up, KAVAK has reached a $4 billion valuation after raising $485 million in its new funding. Making it one of the fast expanding company and highly valued startups in Latin America. The company was created by a group of young entrepreneurs it is an online platform that offers an exceptional […]
The Japanese multinational automobile manufacturer, Honda is selling its swindon car plant to property developer Panattoni, which is an international real estate developer specialising in industrial real estate and warehouses. This move could possibly give a lifeline to 4,500 workers, The company has been searching for a buyer since announcing plans two years ago to […]
Abu Dhabi based asset management company, Gulf Capital has announced that it has acquired two of US health – tech companies for transaction value of $60 million. Gulf Capital’s investments in Hansei Solutions and Eclat Health will expand the firms Healthcare- focused Revenue cycle Management (RCM) platform. The investment company has already acquired a majority […]
Emirati state-owned holding company, Mubadala investment company and the UK office for investment (OFI) to invest around £1 Billion in UK life sciences. Abu Dhabi’s Mubadala will invest around £800 million and the UK will invest £200 million, part of the UAE – UK Sovereign Investment Partnership (SIP). In over five years SIP will invest […]
