New York-headquartered private equity firm KKR has closed its third global technology fund at approximately $3 billion, it said in an announcement. KKR Next Generation Technology Growth Fund III (NGT III) has received commitments from both new and existing investors globally, including public pension plans, sovereign wealth funds, insurance companies, financial institutions, endowments, private wealth and… Continue reading KKR closes third global technology fund at nearly $3b
Tag: Strategy
Nokia to axe up to 14,000 jobs after 20% sales drop in Q3
Finnish telecom gear group Nokia said on Thursday it would cut up to 14,000 jobs in a new cost reduction effort after third-quarter sales fell by a fifth, taken down by sales of next-generation 5G equipment. Nokia and rival Ericsson have grappled with slowing demand for 5G equipment in countries such as the United States,… Continue reading Nokia to axe up to 14,000 jobs after 20% sales drop in Q3
LG Innotek Stuns the World with Groundbreaking EV Charging Technologies
LG Innotek takes out three international standard essential patents on EV charging technologies LG Innotek also acquires over 180 LiDAR patents from Argo AI in April SEOUL, South Korea, Oct. 19, 2023 /PRNewswire/ — LG Innotek is now poised to lead the world’s electric vehicle charging trends and innovations, being officially recognized in the market as… Continue reading LG Innotek Stuns the World with Groundbreaking EV Charging Technologies
Qatar signs 27-year gas deal with Britain’s Shell
Qatar will supply 3.5 million tonnes of gas a year under the deal, QatarEnergy said, following two agreements with Shell for a share of the Gulf state’s huge North Field gas expansion project. Qatar has agreed to supply British firm Shell with natural gas for 27 years, the Gulf emirate’s state-owned energy company announced on… Continue reading Qatar signs 27-year gas deal with Britain’s Shell
Electric Two-Wheeler Lithium-Ion BMS Market Size to Garner $5.6 Billion, Globally, by 2031 at 20.3% CAGR: Allied Market Research
The global electric two-wheeler lithium-ion battery management system market growth is attributed to the increase in the adoption of electric vehicles (EVs) and hybrid electric vehicles (HEVs), a rise in industry preference for the use of lithium-ion batteries, and growth in the adoption of rechargeable batteries across multiple end-use industries. WILMINGTON, Del., Oct. 19, 2023… Continue reading Electric Two-Wheeler Lithium-Ion BMS Market Size to Garner $5.6 Billion, Globally, by 2031 at 20.3% CAGR: Allied Market Research
Hyundai Mobis to exhibit at Japan Mobility Show 2023 for the first time
Hyundai Mobis participates Japan Mobility Show starting from October 26th to November 5th to expand Japanese market Plans to secure new business opportunities with Japanese automakers showcasing strategic products, including electrification, IVI, ADAS, and lamps Hyundai Mobis poise to strengthen global presence via active participation in global mobility events, following CES (USA) and IAA (Germany).… Continue reading Hyundai Mobis to exhibit at Japan Mobility Show 2023 for the first time
Growing Traveler Participation Boosts Global Vacation Rentals Market to US$ 132.7 Billion by 2033 | Future Market Insights, Inc.
Digital marketing is essential for vacation rental businesses to succeed in the growing global market, which is expected to reach US$ 132.7 billion by 2033. Key players in the market are leveraging digital channels to drive profitable returns on investment in their marketing campaigns. NEWARK, Del., Oct. 18, 2023 /PRNewswire/ — Detailed Analysis of Vacation… Continue reading Growing Traveler Participation Boosts Global Vacation Rentals Market to US$ 132.7 Billion by 2033 | Future Market Insights, Inc.
Automotive Chip Industry to Generate $121.3 Billion, Globally, by 2031 at 9.6% Compound Annual Growth Rate: Allied Market Research
The global automotive chip market is driven by factors such as an increase in demand for advanced driving assistance systems (ADAS), a rise in demand for electric vehicles, and a surge in demand for autonomous driving. PORTLAND, Ore., Oct. 18, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Automotive Chip Market by Component… Continue reading Automotive Chip Industry to Generate $121.3 Billion, Globally, by 2031 at 9.6% Compound Annual Growth Rate: Allied Market Research
Gerresheimer awarded EcoVadis Gold status again
– Gerresheimer among the top 5% of assessed businesses – Total score increases to 72/100 points – Status demonstrates consistent implementation of CSR strategy DUESSELDORF, Germany, Oct. 18, 2023 /PRNewswire/ — Gerresheimer, an innovative provider of systems and solutions and a global partner for the pharma, biotech, and cosmetic industries, has once again been awarded… Continue reading Gerresheimer awarded EcoVadis Gold status again
nShift: Four steps toward sustainable shipping
nShift to launch Emissions Tracker, giving retailers and warehouses accurate data on current emissions levels LONDON, Oct. 18, 2023 /PRNewswire/ — Some four out of five shoppers claim to buy from brands with a positive approach to the environment[1] . Now more than ever, retailers must make shopping as sustainable as possible. When it comes… Continue reading nShift: Four steps toward sustainable shipping