🇸🇬 Tungray Technologies was born in a small apartment in Singapore. Fast-forward to today: they're 200+ employees strong, celebrating their recent IPO at Nasdaq! 🌟 At $TRSG, they're more than just engineers or manufacturers. They are problem solvers in precision engineering and Industry 4.0 solutions. 🎉 Congrats on this milestone! We're thrilled you're now #NasdaqListed!
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TÜV Rheinland Group on course for growth 📈 Yesterday, we held this year's annual press conference in a hybrid format! I am proud to report that 2023 was a very successful year for us - with significant revenue growth and acquisitions. TÜV Rheinland acquired ten new companies which is a record in our company’s history and increased revenues by 7.2% to more than EUR 2.4 billion. The number of employees also increased by 5.9% (> 1.200 new employees). The acquisitions have strengthened our service portfolio in a targeted manner. As a result of the acquisitions, around 400 experts have joined the company, strengthening TÜV Rheinland's consulting and testing services in various areas with their expertise. 💡 TÜV Rheinland's growth is also reflected in its revenue development. The testing services provider closed the fiscal year 2023 with revenues of EUR 2.439 billion (2022: EUR 2.275 billion) - once again, the strongest growth was recorded in Greater China and India, Middle East and Africa (IMEA). The number of employees increased to an annual average of 22,092 worldwide - spread across all continents, of which 13,407 (60.7%) are based outside Germany. TÜV Rheinland continued to invest heavily in sustainability and artificial intelligence and generated strong revenues from ESG-related services. The company is well positioned for further growth and aims to help its customers achieve their sustainability goals while continuing to play a significant role in the global testing services market. 🌐 The start into 2024 was very successful for TÜV Rheinland. In the first three months, we recorded revenue growth of around 9%. TÜV Rheinland is very well and solidly positioned. We aim to grow significantly again in 2024 - also with services that effectively support our customers in achieving their ESG goals, including the launch of products or services with a sustainable impact on the market. Additionally, we will focus on artificial intelligence services such as intelligent damage detection of vehicles or automated driving. We will also continue to play an important role in the consolidation of the highly fragmented global market for testing services and to execute on our strategic growth plans. 🚀 #todayfortomorrow #tuvrheinland #KI #AI #sustainablity
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My latest on Kokusai Electric’s debut, Japan’s biggest listing since 2018, marking a success for KKR & Co.’s buyout of the semiconductor-equipment company. With help from Peter Elstrom and Yuki Furukawa KKR’s return is likely higher than the simple calculation would indicate. It already sold off one division of the original business and borrowed a substantial portion of the purchase price, meaning the equity investment was smaller. One indication of the original investment may be the strike price for options granted as incentives to management, which is ¥167, according to the IPO documents. That would make KKR’s return on the deal more than 10 times. More than 100 employees received options in the transaction. The debut took place just as the US government and allies such as Japan are tightening controls over the export of chip technology to China, the biggest market in the world. But Kokusai is well placed in the market for what is known as film deposition equipment, along with dominant player Tokyo Electron Ltd. https://lnkd.in/g9kCs-eu
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Avance advises Canatu Oy and its shareholders and option holders in the de-SPAC combination of Canatu and Lifeline SPAC I Plc, whereby Lifeline SPAC I acquires all shares and option rights in Canatu by way of a directed share issue consisting of Lifeline SPAC I's new shares and option rights. Lifeline SPAC I will apply for the admission of the shares of the combined company to trading on Nasdaq First North Growth Market Finland. The combination values Canatu at EUR 230 million in enterprise value at completion and also includes an additional earn-out component. Canatu is a leading deep technology company developing advanced carbon nanotubes (CNTs) and related products and manufacturing equipment for the semiconductor, automotive and medical diagnostics industries. Lifeline SPAC I is listed on the SPAC segment of the regulated market of Nasdaq Helsinki Ltd. Canatu has grown rapidly in recent years with significant breakthroughs, especially in the extreme ultraviolet (EUV) technology within the semiconductor industry. The combination and collaboration with Lifeline SPAC I's team will help accelerate Canatu's growth in line with its strategy. The combination and listing are expected to be completed in September 2024. https://lnkd.in/dEMmxQJc #avanceattorneys #mergersandacquisitions #capitalmarkets #technology
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“An eventful quarter ended a successful year. During the fourth quarter, two inaugurations took place: a robotized sheet metal line in Sweden and a brand-new assembly plant in Estonia. We also expand through strategic acquisitions. On December 1, we signed an agreement to acquire Orbit One. Financially, the fourth quarter developed according to expectations. Sales exceeded SEK 1 billion and thus increased the turnover for the full year 2023 by approximately 17% to SEK 4.1 billion. With Orbit One, HANZA reaches a pro forma turnover of SEK 5.2 billion for 2023. This exceeds our financial target for 2025 and the Board has therefore decided to increase the target by 30% to SEK 6.5 billion for 2025. A goal that HANZA is ready to fulfill.” Our CEO Erik Stenfors comments on HANZA's year-end report for 2023 published this morning, directly after we published our revised financial targets for 2025, where our sales target is increased to SEK 6.5 billion and the operating margin target of 8% is increased to apply to the full year 2025. At 13.00 CET today, HANZA is organizing a capital markets day combined with a live presentation of the year-end report for 2023 and the new financial targets. The event will be broadcast live and can be viewed here: https://lnkd.in/dTW54sgi The program includes presentation of the report, presentation of HANZA's new and long-term financial targets and presentations from representatives from different parts of the organization. Here you find the report in Swedish: https://lnkd.in/dh2BYY5K Here you find the report in English: https://lnkd.in/dX-Twepm #report #hanza #hanzagroup #wearehanza
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Astra (Nasdaq: ASTR) announced today that it has entered into a definitive merger agreement pursuant to which the acquiring entity (the “Parent”) has agreed, subject to customary closing conditions, to acquire all shares of Astra common stock not already owned by it for $0.50 per share in cash. On March 6, 2024, the closing price of Astra’s Class A common stock was $0.86 per share. The Parent is expected to be owned, at the closing of the transaction, by a number of long-term investors of the Company and its predecessor, including Mr. Kemp and Dr. London. The txn is expected to close in the Q2 2024. #launchservices #propulsionsystems #spaceexploration https://lnkd.in/gzt5a5mg
Astra Space, Inc. to be Taken Private
https://astra.com
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✍ Yole Group writes - Renesas & Transphorm: Infineon Technologies opens the doors for bold #acquisitions in power GaN In the power GaN industry’s second major acquisition in a year, following Infineon Technologies’ purchase of GaN Systems, US-based Transphorm Inc. is to be acquired by a subsidiary of Renesas Electronics of Tokyo, Japan. The acquisition adds to the billions of dollars invested in the power #GaN (#galliumnitride) industry since 2019 through partnerships, the construction of facilities, and M&As. But what is driving this activity, and what does this new acquisition signal for the future of power GaN? Yole Group’s experts Dr. Milan ROSINA and Taha Ayari, PhD provide their insights. Full Yole Group's analysis on https://lnkd.in/eqMREiTZ #powerelectronics #mergersandacquisitions #sic #siliconcarbide
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In the week of June 3 - 9, 2024, our latest data highlights an uptick in global transactions, with a total of 635 deals, amounting to nearly USD 53.00 billion in value. This represents a significant 36% increase in transaction volume along with a 4% rise in transaction value compared to the last week of May. Notable mega deals that contributed to this increase in M&A activity: 💼 Apollo acquired a 49% stake in Intel's Ireland fabrication facility for USD 11.00 billion, marking Intel's 2nd Semiconductor Co-Investment Program (SCIP) arrangement 💼 Waste Management, Inc. made one of the largest-ever acquisitions in the waste management sector, paying USD 7.20 billion for Stericycle, further cementing its position as the leading waste collector in the US 💼 Hungary reclaimed majority state ownership of Budapest Airport in a USD 4.70 billion deal with Corvinus and VINCI Airports 💼 Becton Dickinson & Co. bolstered its smart connected care portfolio, acquiring Edwards Lifesciences' AI-enabled critical care unit for USD 4.20 billion 💼 Blackstone, GIC, and Abu Dhabi Investment Authority, acquired Emerson's remaining stake in HVACR leader Copeland for USD 3.50 billion For dealmakers worldwide, these transactions offer valuable perspectives on prevailing strategic priorities. Private capital's growing influence and emerging high-tech battlegrounds hold key insights for M&A this 2024 and beyond. As always, understanding today's landscape is crucial to navigating tomorrow's opportunities. What emerging trends do you see in global M&A? Share your perspectives below and gain access to our full top Global M&A Deals report! Source: Institute for Mergers, Acquisitions and Alliances (IMAA) #valuation #transactionmonitoring #mergersandacquisitions
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📰 Business services, industry & infra mid-weekly transactions selection : Aledia (🇫🇷), a pioneer in microLED display technologies, raises €120m. MantiSpectra (🇳🇱) secures €4m in seed from Innovation Industries and PhotonVentures. Innovation Industries invests in EnOcean (🇩🇪). 🧪 Atinary Technologies Inc. (🇨🇭 🇺🇸) raise a $5m seed round from AgFunder and Cherubic Ventures. 🌐 Backed by Kartesia, Nomotech (KERTEL) (🇫🇷) finalize its merger previously announced this summer with Voip Telecom (🇫🇷). ⚡ EPSA (🇫🇷) reinforces its Energy & Environment speciality with the acquistion of OMNEGY (🇫🇷). 🏢 Syntagma Capital to acquire Lennox International’ (🇺🇸) European Commercial HVAC and Refrigeration divisions (🇫🇷). ⛵ AYRO (🇫🇷) raise a €19.2m Series B, led by Blue Ocean, managed by SWEN Capital Partners. 🚗 e.GO Mobile’s (🇩🇪) Registration Statement on Form F-4 in Connection With Its Proposed Business Combination With Athena SPAC Declared Effective by the U.S. SEC. Search your next deal among #privateequity #investments and millions of company profiles on Tsylana app for #investmentbanking #corporatefinance and #capitalinvestissement professionals.
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🌐🚀 Exciting movements in the Private Equity world! Check out these latest deals that are reshaping industries: 🤖 Angeles Equity Partners takes over Acieta, a robotics pioneer, boosting advanced manufacturing capabilities. 🎥 Apollo Global Management eyes a game-changing bid for Paramount Global's parent, National Amusements. 🧴 Bridgepoint rejuvenates its portfolio with the acquisition of anti-aging skin care leader RoC for a smooth $500m. 🌸 Eurazeo infuses French fragrance brand Ex Nihilo with a fresh €25m minority stake. 🏗️ H.I.G. Capital builds on its expertise, acquiring infrastructure consultancy CHA Consulting. ❄️ Monomoy Capital Partners gears up for winter with EnviroTech Services, a road maintenance specialist. ☀️🔋 BlackRock empowers Recurrent Energy with a shining $500m equity commitment for solar and energy storage. 🚧 RoadSafe Traffic Systems expands its road to safety, merging with B.C. Cannon. 💼 TPG invests in G&A Partners, a major player in professional employment organization. 🔥 TTDS heats up its portfolio by acquiring Proheat, an expert in heaters and controls. ✈️ Visit Group, a Swedish SaaS leader in hospitality and travel, secures a €100m investment from PSG Equity. 📈 Stay tuned for more industry-defining moves. #PrivateEquity #MergersAndAcquisitions #IndustryTrends #BusinessGrowth 🌟💼📊
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#BenQ-AUO Group Joint Task Force: Achieving the Value #Transformation After Five Years? In 2014, to stand out in the fierce competition and the reliance on hardware manufacturing, the General Manager of Qisda introduced the concept of the #JointTaskForce. This ambitious initiative aimed to optimize existing business within the BenQ-AUO Group and pursue the value upgrade and transformation goals. To achieve this, absorbing group members, mastering key components and technologies, and providing comprehensive solutions are the keys. After 2017, the group officially initiated the #acquisition initiative. Through private placement, public acquisitions, and obtaining majority shareholder shares, BenQ-AUO Group integrated 12 new member companies within its core five businesses. However, post-integration, did these new members experience the anticipated growth in revenues and profits? Were the original group companies able to effectively integrate and unleash synergies? Click to know about BenQ-AUO Group's journey over the past five years 🔗: https://lnkd.in/gSbKNfqx TEJ Group Observer assists in establishing a consistent definition of corporate groups for publicly traded companies in Taiwan and their affiliates. It identifies the scope and scale of group members, maintains comprehensive records of companies, and further evaluates credit risk levels within the group! Inquire more Info. about TEJ Group Observer, you can refer to: https://lnkd.in/gYYR9kKW #BenQ #AUO #Qisda #MetaAge #Corporation #Group #Ownership #ControlRight #TaiwanBusiness #BusinessTransformation #TEJ #Dataset #GroupObserver
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