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
Tomorrow.io’s Historic Satellite Launch Paves Way for Groundbreaking Advancement in Global Weather Forecasting
BOSTON, May 16, 2023 /PRNewswire/ — The Tomorrow Companies Inc., the world’s leading weather intelligence platform, today announced successful on-orbit operation of its first satellite, Tomorrow-R1. Launched on April 14th, Tomorrow-R1 is the world’s first commercially built weather-radar satellite. It is orbiting at 500 km above Earth in a polar orbit, and carrying a Ka-band… Continue reading Tomorrow.io’s Historic Satellite Launch Paves Way for Groundbreaking Advancement in Global Weather Forecasting
Ping Identity Achieves DOD IL5 Authorization
Ping Identity Helps Defense Agencies Achieve Seamless and Secure Access from Anywhere DENVER, May 16, 2023 /PRNewswire/ — Ping Identity, the intelligent identity solution for the enterprise, announced its core identity and access management (IAM) solutions are now DOD Impact Level 5 (IL5) authorized by the Defense Information Systems Agency (DISA), through UberEther’s IAM Advantage,… Continue reading Ping Identity Achieves DOD IL5 Authorization
Stord Expands its Order Management System (OMS) With New Stord One Commerce Add-Ons
ATLANTA, May 16, 2023 /PRNewswire/ — Stord, a leader in fulfillment services and technology for omnichannel mid-market and enterprise brands, today announced its expanded order management system (OMS) software offering. Stord One Commerce is a purpose-built OMS software for high-volume brands that need to manage orders and inventory across multiple facilities and sales channels. To… Continue reading Stord Expands its Order Management System (OMS) With New Stord One Commerce Add-Ons
Investment firm Low Carbon secures USD 391.25 mn for solar projects
The company currently has an 8 GW pipeline of international projects and 1.3 GW of operational assets under management. British renewable energy investment firm Low Carbon has secured an additional 310 million pounds (USD 391.25 million) of financing for its solar projects in Britain and the Netherlands from several leading banks, the company said on… Continue reading Investment firm Low Carbon secures USD 391.25 mn for solar projects
RONN, INC. BEGINS FORMAL DISCUSSIONS WITH A NAIROBI GROUP FOR A HYDROGEN ELECTRIC DELIVERY TRUCK PILOT PROGRAM AND POTENTIAL HYDROGEN HUB IN SUPPORT OF THE NEW AFRICA HYDROGEN ALLIANCE
SCOTTSDALE, Ariz., May 16, 2023 /PRNewswire/ — RONN (OTC: LPHM) announced today it has entered into a formal discussion with Pauline Muthigani based in Nairobi, Kenya, as part of the new Africa push to commercialize hydrogen energy use in Nairobi, Kenya, and ultimately Africa, in both mobile and stationary applications. “The alliance will cover an… Continue reading RONN, INC. BEGINS FORMAL DISCUSSIONS WITH A NAIROBI GROUP FOR A HYDROGEN ELECTRIC DELIVERY TRUCK PILOT PROGRAM AND POTENTIAL HYDROGEN HUB IN SUPPORT OF THE NEW AFRICA HYDROGEN ALLIANCE
J&T Express and SF Express reach agreement to acquire 100% share rights of Fengwang Express for RMB 1.183 billion
SHANGHAI, May 12, 2023 /PRNewswire/ — Global logistics service provider, J&T Express today announced that it has entered into a Share Transfer Agreement with Shenzhen Fengwang Holdings Co., Ltd. (“Fengwang Holdings”), a subsidiary of S.F. Holding Co., Ltd. (002352.SZ). J&T Express’ subsidiary J&T Express (Shenzhen) Supply Chain Co., Ltd. will acquire 100% share rights of… Continue reading J&T Express and SF Express reach agreement to acquire 100% share rights of Fengwang Express for RMB 1.183 billion