Brings Yanolja Cloud extensive travel inventory of over 1 million products from 200 countries Reinforces Yanolja Cloud’s commitment to leading global digital transformation and enhancing the travel experience SEOUL, South Korea, May 15, 2023 /PRNewswire/ — Yanolja Cloud, a leading global provider of AI-based SaaS solutions for the hospitality and leisure industries, has announced the acquisition… Continue reading Yanolja Cloud Acquires Leading B2B Travel Solution Provider, Go Global Travel, Enhancing its Global Presence and Technology Solution Offerings
Tag: Strategy
Abu Dhabi Terminals celebrates milestone achievements – recording 10 million man hours without LTI and handling 20 million TEU since inception
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
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
Oostwegel Collection Implements Infor’s Suite of Hospitality Solutions
Luxury gastronomic hotel group heads to the cloud with Infor AMSTERDAM, May 17, 2023 /PRNewswire/ — Infor®, the industry cloud company, today announced that Oostwegel Collection, a Dutch group of historically authentic luxury hotels and restaurants, has implemented Infor’s full suite of solutions for the hospitality industry. The first business globally to go live with… Continue reading Oostwegel Collection Implements Infor’s Suite of Hospitality Solutions
AvAir Receives Airline Economics Sustainability Award
Industry Leader Recognized for Environmental Efforts CHANDLER, Ariz., May 17, 2023 /PRNewswire/ — AvAir, an industry-leading inventory solutions provider for the aviation aftermarket, has been awarded for its sustainability efforts by Airline Economics, the leading industry trade publication, and received this year’s Sustainability Award. These awards are designed to celebrate industry titans that are taking steps… Continue reading AvAir Receives Airline Economics Sustainability Award
AvAir Receives Airline Economics Sustainability Award
Industry Leader Recognized for Environmental Efforts CHANDLER, Ariz., May 17, 2023 /PRNewswire/ — AvAir, an industry-leading inventory solutions provider for the aviation aftermarket, has been awarded for its sustainability efforts by Airline Economics, the leading industry trade publication, and received this year’s Sustainability Award. These awards are designed to celebrate industry titans that are taking steps… Continue reading AvAir Receives Airline Economics Sustainability Award
Hyundai Motor India Partners with Shell India to expand EV-charging Infrastructure in India
Smart Mobility Solutions Provider Hyundai Motor India, has signed a Memorandum of Agreement (MoA) with Shell India, to install 60 kW DC Fast Chargers across 36 of its electric vehicle Dealerships in India. The collaboration with Shell India is a part of Hyundai’s EV charging infrastructure expansion plan for providing customer-centric solutions towards a cleaner… Continue reading Hyundai Motor India Partners with Shell India to expand EV-charging Infrastructure in India
Analysis: Why foreign brands are rethinking their approach in China
In 2012, non-Chinese brands produced 18 of China’s top 20 best-selling cars and locked out the top 10. In the first quarter this year, that number had halved, of which just four were in the top 10. Staying relevant in China in the face of ever-improving home-grown competition is a dilemma occupying car makers’ boardrooms in Europe, the… Continue reading Analysis: Why foreign brands are rethinking their approach in China