ABU DHABI, UAE, May 15, 2023 /PRNewswire/ — Abu Dhabi Terminals (ADT) has announced that it has set a record by exceeding 10 million man-hours without Lost Time Injury (LTI) and by handling 20 million twenty-foot equivalent units (TEU) containers. These achievements represent major milestones for ADT since inception. Recording more than 10 million man-hours… Continue reading Abu Dhabi Terminals celebrates milestone achievements – recording 10 million man hours without LTI and handling 20 million TEU since inception
Tag: Strategy
Apax Funds make approximately $450m investment in travel tech company IBS Software
DUBAI, UAE, May 15, 2023 /PRNewswire/ — Funds advised by Apax Partners LLP (“Apax”) announced today that they have reached a definitive agreement to invest approximately $450m to acquire a significant minority stake in IBS Software, a leading provider of modern Software-as-a-Service (SaaS) solutions to the global travel and logistics industry, from Blackstone. Following the transaction,… Continue reading Apax Funds make approximately $450m investment in travel tech company IBS Software
OptiGroup successfully raises EUR 100 million additional debt from leading investors
GÖTEBORG, Sweden, May 15, 2023 /PRNewswire/ — OptiGroup has raised EUR 100 million via a first lien term loan tap issue in a private transaction in addition to its current EUR 425m first lien and EUR 200m second lien debt financing. Leading international and Nordic institutions participated, and the transaction was oversubscribed. The strong interest… Continue reading OptiGroup successfully raises EUR 100 million additional debt from leading investors
TVM Capital Healthcare opens office in Riyadh, Saudi Arabia
DUBAI, UAE and RIYADH, Saudi Arabia, May 15, 2023 /PRNewswire/ — TVM Capital Healthcare, a global specialist healthcare private equity firm operating in emerging markets, announced today the opening of a new office in the capital of the Kingdom of Saudi Arabia. The purpose of the new office is to advise the group and its portfolio… Continue reading TVM Capital Healthcare opens office in Riyadh, Saudi Arabia
Bayanat, Yahsat and ICEYE announce an ambitious program to broaden commercial opportunities across the UAE space-ecosystem
The program forms part of the two companies’ partnership with ICEYE, a renowned SAR satellite manufacturer based in Finland. The expansion of Bayanat’s capabilities into the space sector positions the company to drive its growth strategy and become a prominent player in the industry. SAR is an active sensing system that illuminates the Earth’s surface… Continue reading Bayanat, Yahsat and ICEYE announce an ambitious program to broaden commercial opportunities across the UAE space-ecosystem
Kawasaki, Suzuki, Honda and Yamaha join forces to research and develop hydrogen-powered engines
Kawasaki Motors, Suzuki Motor Corporation, Honda Motor Co and Yamaha Motor Co have jointly announced today that they have received approval from Japan’s Ministry of Economy, Trade and Industry (METI) to form a technological research association called HySE (Hydrogen Small mobility & Engine technology) for developing hydrogen-powered engines for small mobility. HYSE has outlined the… Continue reading Kawasaki, Suzuki, Honda and Yamaha join forces to research and develop hydrogen-powered engines
Continental working on cost-efficient ADAS tech for Indian carmakers
Safety-related advanced driver assistance systems or ADAS technology is increasingly gaining momentum in India. Leading passenger vehicle manufacturers such as Tata Motors, Mahindra & Mahindra, Hyundai Motor India as well as MG Motor India are now offering some of these solutions in some of their popular models on sale in the market. While the Mahindra… Continue reading Continental working on cost-efficient ADAS tech for Indian carmakers
Amsterdam based Hilco Industrial Acquisitions announced today the Sale of Surplus Equipment of the formerly owned HANJIN PHILIPPINES SHIPYARD
NORTHBROOK, Ill., May 16, 2023 /PRNewswire/ — Amsterdam based Hilco Industrial Acquisitions, an operating company of US based Hilco Global, announced today the Sale of Surplus Equipment of the formerly owned HANJIN PHILIPPINES SHIPYARD, located in Subic Bay, Philippines, following its strategic acquisition. Consistently with the new business direction of revitalizing the operations of the… Continue reading Amsterdam based Hilco Industrial Acquisitions announced today the Sale of Surplus Equipment of the formerly owned HANJIN PHILIPPINES SHIPYARD
Parcel Perform and GEODIS Collaborate to Deliver Advanced Logistics Visibility for Global E-Commerce Retailers and Brands
SINGAPORE and LEVALLOIS-PERRET, France, May 16, 2023 /PRNewswire/ — Parcel Perform, the leading data and delivery experience platform for e-commerce businesses worldwide, has announced a strategic data relationship with GEODIS, a world leader in transport and logistics. Continue Reading Parcel Perform and GEODIS Collaborate to Deliver Advanced Logistics Visibility for Global E-Commerce Retailers and Brands Through… Continue reading Parcel Perform and GEODIS Collaborate to Deliver Advanced Logistics Visibility for Global E-Commerce Retailers and Brands
COSTA COFFEE, THE UK’S FAVORITE COFFEE, SELECTS GEP’s UNIFIED PROCUREMENT SOFTWARE TO TRANSFORM ITS ENTIRE SOURCE-TO-CONTRACT PROCESS
CLARK, N.J., May 16, 2023 /PRNewswire/ — GEP®, a leading provider of procurement and supply chain strategy, software and managed services to Fortune 500 and Global 2000 enterprises worldwide, announced that Costa Coffee, the second largest coffeehouse chain in the world, and the largest in the UK, selected GEP SOFTWARE™, the industry’s leading procurement and… Continue reading COSTA COFFEE, THE UK’S FAVORITE COFFEE, SELECTS GEP’s UNIFIED PROCUREMENT SOFTWARE TO TRANSFORM ITS ENTIRE SOURCE-TO-CONTRACT PROCESS