Global investment firm Platinum Equity has agreed to pay $461 million to acquire JELD-WEN’s Australasia business from New York-listed JELD-WEN Holding, according to an announcement. The transaction, which is expected to close in Q3 of this year subject to regulatory approval and certain closing conditions, is aligned with Platinum Equity’s investments in the building products… Continue reading Platinum Equity to snap up JELD-WEN’s Australasia business for $461m
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India Digest: PL Investment Banking raises $15m; Nextiva buys AI company Simplify360
PL Investment Banking has raised $15 million in a preferential issue, while Nextiva has acquired AI customer experience platform Simplify360. Speciality Restaurants to expand footprint PL Investment Banking, the investment banking and corporate advisory arm of the Prabhudas Lilladher Group, has raised $15 million by issuing 60 lakh warrants, convertible into equity shares of Speciality… Continue reading India Digest: PL Investment Banking raises $15m; Nextiva buys AI company Simplify360
China’s Changxin Memory aims for $14.5b valuation in Shanghai IPO: report
China’s Changxin Memory Technologies Inc plans to file for a domestic initial public offering that could value the memory chip maker at more than $14.5 billion, Bloomberg News reported on Thursday. CXMT plans to list on Shanghai’s Nasdaq-style STAR board this year, the report said, citing people familiar with the matter, adding that the company… Continue reading China’s Changxin Memory aims for $14.5b valuation in Shanghai IPO: report
German Manager Magazin: Stock market: Bad Tesla news weighs on the Dax, including Sartorius shares with a price slide002440
Gloomy mood on the German stock market. The dax lost 0.70 percent to 15,784 points as of Thursday afternoon, falling to its lowest level for the week. The MDax fell by 0.54 percent to 27,743 points. The EuroStoxx 50 held up slightly better at minus 0.33 percent. Tesla’s quarterly figures in particular caused a stir.… Continue reading German Manager Magazin: Stock market: Bad Tesla news weighs on the Dax, including Sartorius shares with a price slide002440
German Manager Magazin: Renault: Share drops sharply in the first quarter despite kickstart002441
At the carmaker Renault business picked up even more in the first quarter than expected. Sales rose by almost 30 percent to 11.5 billion euros compared to the same period last year, the French carmaker announced on Thursday in Boulogne-Billancourt near Paris. The manufacturer thus exceeded the average expectations of analysts, although Renault shares slipped… Continue reading German Manager Magazin: Renault: Share drops sharply in the first quarter despite kickstart002441
German Manager Magazin: Tesla: Musk relies on volume instead of margin, quarterly profit collapses, share price slide002440
The electric car pioneer Tesla wants to defend its market share at all costs and accepts a lower profit margin. “It’s better to deliver a large number of cars with a lower rate of return and collect that rate of return in the future as we perfect autonomous driving,” Tesla CEO said Elon Musk (51)… Continue reading German Manager Magazin: Tesla: Musk relies on volume instead of margin, quarterly profit collapses, share price slide002440
German Manager Magazin: Bayern Munich: How BMW Takes Basketball Sponsorship From Rival Audi002441
Restore iTunes subscription manager+ is processed via your iTunes account and paid for with confirmation of purchase. 24 hours before expiry, the subscription is automatically extended by one month at the current price of €24.99. You can cancel your subscription at any time in your iTunes account settings. To use manager+ outside of this app,… Continue reading German Manager Magazin: Bayern Munich: How BMW Takes Basketball Sponsorship From Rival Audi002441
German Manager Magazin: BMW becomes a sponsor at FC Bayern Basketball, the IT manager at Mercedes-Benz is leaving: The new newsletter manage:mobility002440
Dear reader, If you have planned a trip by train on Friday morning, it is better to quickly look around for alternatives. Nationwide, between 3 a.m. and 11 a.m warning strikes announced. If you prefer your trip, we have the right reading material from the world of mobility ready for you. And there – in… Continue reading German Manager Magazin: BMW becomes a sponsor at FC Bayern Basketball, the IT manager at Mercedes-Benz is leaving: The new newsletter manage:mobility002440
Electric Scooters Industry Emphasizes Sustainable Commitments to Foster ESG Goals – Astra ESG Solutions
SAN FRANCISCO, April 20, 2023 /PRNewswire/ — Electric scooters have witnessed a notable journey from risky tech novelty to a green travel solution. The development of more sustainable, safe, affordable, convenient and efficient urban transportation solutions will see consumers transitioning to e-scooters. Electric mobility has witnessed profound traction to encourage environmentally friendly companies to invest in… Continue reading Electric Scooters Industry Emphasizes Sustainable Commitments to Foster ESG Goals – Astra ESG Solutions
XCMG Machinery Releases New Mining Equipment Products, Expanding Application Scope to Cover Full Cycle of Mining Operations
XUZHOU, China, April 20, 2023 /PRNewswire/ — XCMG Machinery (“XCMG”, SHE:000425), a leading Chinese construction equipment manufacturer, has released three new mining machinery products, including the XE690DK mining excavator, XDR80TE-AT autonomous electric dump truck, and XDE240 mining dump truck, which will better support global mining operations and infrastructure construction projects. Continue Reading The unmanned XDR80TE-AT electric… Continue reading XCMG Machinery Releases New Mining Equipment Products, Expanding Application Scope to Cover Full Cycle of Mining Operations