Valmet has on July 7, 2023, entered into an agreement to acquire Körber Group’s Business Area Tissue. The Business Area Tissue specializes in innovative converting and packaging technologies and services for the tissue industry. By combining the complementary offering and competencies of Valmet and the acquired business, Valmet creates the market’s widest technology, automation and…
KKR, Telefónica Hispanoamérica, and Entel announced agreements under which KKR will acquire a majority interest in PangeaCo and the existing fiber optic networks of Telefónica del Perúand Entel Perú to build Perú’s first nationwide open access wholesale fiber optics company with the mission to bring greater access to fiber optics connectivity across the country. The…
AIT Worldwide Logistics announced its expansion to the Middle East with a new office in Dubai, the most populous city in the United Arab Emirates. The new location is an investment to fulfill the evolving shipping needs for key customers, while also enhancing the global freight forwarder’s supply chain solutions in the region, a statement…
Persistent Systems, a global Digital Engineering provider, recently inaugurated a state-of-the-art 5G Lab to provide a testing and development environment for network functions and product development activities for operators and network equipment vendors, as well as for Communications, Media, and IoT independent software vendors (ISVs). The Lab encourages interoperability and quick deployment to achieve faster…
CHAR Technologies Ltd. (CHAR), a leader in sustainable energy solutions, announced that the Company has closed a C$6.6M strategic investment by world’s leading steel and mining company, ArcelorMittal S.A., through ArcelorMittal XCarb S.à r.l. (ArcelorMittal) and ArcelorMittal’s XCarb Innovation Fund. With a presence in 60 countries and primary steelmaking facilities in 16 countries, including ArcelorMittal Dofasco in Hamilton, Ontario, ArcelorMittal…
InsideFPV, Drone Manufacturer has raised Rs 2.75 Crores in a Seed Round led by Inflection Point Ventures. The funds will be utilized for product development, marketing and research. Rahul Wagh, Managing Director, Inflection Point Ventures, says, “Drone usage in India is fast increasing with higher adoption through wider use cases across different industries. With the drone…
Freakins, a home-grown denim fashion brand for Gen Z women, announced that it has raised $4M in a seed round, led by Matrix Partners India and Blume Ventures. The D2C brand will employ the funds to expand its omnichannel presence, strengthen operations and amplify salience amongst its consumers, a statement said. The company also raised…
Gooten, a global provider of order management technology for on-demand manufacturing, announced the closing of $11 million of Series A funding. The round was led by KEC Ventures, with participation from INX International, Tech Pioneers Fund, and other existing investors. As part of the round, Will Geiger of Touchdown Ventures will join Gooten as a board observer on behalf…
KKR and Mirastar, KKR Real Estate’s industrial and logistics platform in Europe, have acquired a high-quality last-mile logistics property in Stockholm. This off-market acquisition is the first in Sweden for KKR and Mirastar, and the second in the Nordics this year for KKR through its European Core+ Real Estate strategy, following the acquisition of a…
ZuAI, a Bangalore-based GenAI startup, announced that it has raised INR 4 crore in seed funding led by Prime Venture Partners. The groundbreaking AI-powered personal tutor for students aims to enhance academic outcomes for one hundred million students in the next three years. This investment will propel the startup’s (which was previously backed by 100X.VC) mission of providing…
LyondellBasell has completed the acquisition of Mepol Group, a manufacturer of recycled, high-performing technical compounds located in Italy and Poland. Mepol S.r.l. and its subsidiaries Polar S.r.l. and Industrial Technology Investments Poland Sp.z.o.o, will be subsidiaries in LyondellBasell’s Advanced Polymer Solutions (APS) business unit, a statement said. LyondellBasell’s APS segment produces and markets compounding solutions, such as polypropylene…
Avaada Group, a leading integrated energy platform, has announced the successful closure of INR 10,700 crore ($1.3 billion) funding round, marking a historic moment for the green energy industry in Asia and India’s renewable energy sector. This funding round is the largest equity round ever raised by any green energy company in Asia. The funding will be used to bolster Avaada’s green…
Samvardhana Motherson International Limited (SAMIL) via 100% subsidiary of SMRP B.V. (SAHN B.V.) has entered into an agreement to acquire 81% stake in Yachiyo’s 4W (Y4W) Business. Motherson will form an 81%:19% strategic partnership with Honda Motor where both partners will drive the company towards a strong and sustainable future and be fully prepared for…
Microchip Technology Incorporated, a leading provider of smart, connected and secure embedded control solutions, announces a multi-year initiative to invest approximately $300 million in expanding its operations in India, one of the world’s fastest-growing semiconductor industry hubs. “Microchip is making a significant strategic commitment to growing our operations in India, whose meteoric growth has established…
Manufacturing startup Frigate announced that it has successfully raised their Seed round of $1.5M led by Arali Ventures with participation from Capital-A, Java Capital, and other strategic angel investors. With the new round of funds, Frigate will expand its digital manufacturing ecosystem to cater to its global customer base. Founded in 2021 by Dr. Tamizhinian…