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Tag: M and A
Carlyle Acquires Controlling Stake in Highway Industries and Roop Automotives
Global investment firm Carlyle has completed the acquisition of a controlling stake in Highway Industries Limited and Roop Automotives Limited through a proprietary transaction, marking its expansion in India’s auto components manufacturing sector. The equity investment will come from funds affiliated with Carlyle Asia Partners. The transaction, announced in Mumbai and New Delhi on February… Continue reading Carlyle Acquires Controlling Stake in Highway Industries and Roop Automotives
Nissan and Honda formally end $60 billion merger talks: Report
Nissan and Honda noted on Thursday that their respective boards have voted to end talks to amalgamate, but would continue to collaborate in the EV space, Reuters reported. A merger was set to create roughly a $60 billion auto group and the world’s fourth largest by vehicle sales after Hyundai, Volkswagen and Toyota. Nissan back… Continue reading Nissan and Honda formally end $60 billion merger talks: Report
Karnataka Government Honors Late Industrialist Vikram S. Kirloskar with ‘Industrial Legacy’ Award
The Government of Karnataka has posthumously honored Vikram S. Kirloskar, former Vice Chairman of Toyota Kirloskar Motor (TKM), with the ‘Industrial Legacy’ Award at the Invest Karnataka 2025 Global Investors Meet. The company also received the ‘Sunrise Sector Pioneer Award’ in recognition of its contributions to automotive innovation and sustainability. The awards, presented in Bangalore… Continue reading Karnataka Government Honors Late Industrialist Vikram S. Kirloskar with ‘Industrial Legacy’ Award
Getaround abruptly shuts down US car-sharing operations
Getaround, a company that helps vehicle owners rent out their cars, trucks and SUVs to other peers, is shutting down its U.S. operations one year after cutting 30% of its North American workforce as part of a restructuring. Its HyreCar business, which it acquired in 2023 for $9.45 million, is also closing. The company said… Continue reading Getaround abruptly shuts down US car-sharing operations
RED Digital Announces Z-Mount Versions of the V-RAPTOR [X] and KOMODO [X]; Price, Preorder and More Info at B&H
Video News: RED Digital Cinema is bringing the Nikon Z-Mount to their V-RAPTOR [X] and KOMODO [X] cinema cameras, alongside Z-to-PL adapters with drop-in ND filters. NEW YORK, Feb. 13, 2025 /PRNewswire/ — B&H is pleased to announce new iteration of RED’s popular V-RAPTOR [X] and KOMODO [X] cinema cameras, now with locking Nikon Z-mounts.… Continue reading RED Digital Announces Z-Mount Versions of the V-RAPTOR [X] and KOMODO [X]; Price, Preorder and More Info at B&H
Newronika Closes €13.6 Million Series B Financing to Accelerate Development of Adaptive DBS Platform
MILAN, Feb. 13, 2025 /PRNewswire/ — Newronika, a global leader in advanced deep brain stimulation, is pleased to announce the successful closing of its €13.6 million Series B funding round. The financing was led by a new investor, Fondazione ENEA Tech e Biomedical, with additional participation from existing investors Indaco Venture Partners SGR, Innogest SGR,… Continue reading Newronika Closes €13.6 Million Series B Financing to Accelerate Development of Adaptive DBS Platform
ION partners with Avalara to tackle tax compliance risks in energy trading
LONDON, Feb. 13, 2025 /PRNewswire/ — ION Commodities, a global leader in energy and commodity management solutions, announces its strategic partnership with Avalara, a leading provider of cloud-based tax compliance automation for businesses of all sizes. As a technology partner in Avalara’s Partner Program, ION Commodities’ solutions will standardize integration with Avalara’s AvaTax for Energy… Continue reading ION partners with Avalara to tackle tax compliance risks in energy trading
Green Motion Adds South Korea to Its Asian Service Region
(L to R): Green Motion South Korea team: Young jin, Semi, Ricky, and Han Seung jae. Photo: Green Motion The South Korean Green Motion franchise was recently acquired by car rental entrepreneur Han Seung-jae, further cementing Green Motion’s presence in the Asia-Pacific region. Green Motion, known for its eco-friendly sustainable rental car fleet, bringing its… Continue reading Green Motion Adds South Korea to Its Asian Service Region
Sinch AB: Year-end report, January-December 2024
STOCKHOLM, Feb. 13, 2025 /PRNewswire/ — Focused on the path ahead October – December 2024 Net sales increased by 3 percent to SEK 7,729m (7,532). Gross profit increased by 2 percent to SEK 2,582m (2,526). EBITDA declined by 63 percent to SEK 307m (818) and was negatively affected by a one-time charge for historical tax… Continue reading Sinch AB: Year-end report, January-December 2024