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RELEASE SUMMARY ResBook, a New Zealand accommodation booking engine and tourism software provider, has been acquired by Australian tour management software company ResPax. The acquisition includes ResBook's Property Management System, Tourism-Themed Websites, The Booking Engine, and Audience Membership Platform. For the first time in the Asia Pacific, a single company will provide a software solution for both accommodation and tour operators. CAIRNS, Australia and AUCKLAND, New Zealand, Nov. 13, 2024 /PRNewswire/ -- ResBook, New Zealand's first online booking engine for accommodation providers, has been acquired by ResPax, a leading Australian tour management software company. Effective 1 November 2024, ResPax's acquisition includes ResBook's Property Management System (PMS), Tourism-Themed Websites, its dynamic Booking Engine, and membership platform Audience. Established in 2003, ResBook is New Zealand's premier accommodation property management system (PMS) and more recently evolved to offer additional tourism digital products. ResPax, a leader in tourism tech for the experiences sector, has been delivering their tour reservation system since 1999, serving a wide range of tour and activity tourism operators. ResPax ownership introduces incredible potential for ResBook with increased resources to accelerate development, bringing opportunities for clients across Australia, New Zealand, the South Pacific, and Asia Pacific. This marks a first in the Asia Pacific tourism industry – where one company provides both tour and accommodation reservation systems. This synergy promises exciting developments ahead, particularly for tourism providers who offer both accommodation and activity options. The acquisition marks the culmination of a collaborative three-year partnership between the companies resulting in one business supporting both client bases. For ResBook clients, there will be no disruption to service. The current Auckland-based team remains committed to delivering the same high level of customer support, backed by ResPax. "We are thrilled about this next step in ResBook's journey." expresses ResBook Founders, Gina Paladini and John Hayson, "The combination of ResBook's accommodation and tourism software with ResPax's tour management expertise offers unparalleled opportunities for tourism operators and the whole industry." CEO of ResPax, Tony Bridgewater adds, "After years of working together, we're thrilled to unite these two platforms under one roof. Operators can now leverage the expertise of two industry leaders, serving both the Tour and Accommodation markets. We are grateful to John and Gina to be inheriting such a superb team and product."
Vision Technology Leader Reacquired by Company's Original Founders GALWAY, Ireland, Nov. 12, 2024 /PRNewswire/ -- FotoNation® (www.fotonation.com), a leading provider of ultra-low power, high-efficiency computer vision AI solutions, announced that its founders have completed a management buyout of the company's chip-level hardware, firmware, and imaging business, acquiring the company for the third time. Petronel Bigioi, its current Chief Executive Officer; Sumat Mehra, its Chief Business Officer; and Eran Steinberg, Chairman of the Board, will once again lead FotoNation; each of these individuals had a key leadership role in the company in the past. As a globally recognized pioneer of in-device computational imaging solutions, FotoNation has a track record of over 1,000 granted patents and dozens of design wins. Its unique combination of hardware, firmware, and software solutions is embedded in over 3.6 billion devices worldwide. Looking to the future, FotoNation is focused on developing the third generation of its image processing core, optimized for edge devices requiring ultra-low power, high bandwidth, and AI-based signal processing. A supporting AI compiler and software stack complete this unique offering, delivering sustainable AI inference capabilities to all sensing devices. "We are targeting surveillance, IP cameras, drones, action cameras, and mobile devices. Any market requiring high-quality low-power imaging, sensing, or signal processing is within our reach." said Sumat Mehra, CBO of FotoNation, "We are leveraging the long-term relationships with key players and the established market credibility emerging from seeding billions of devices." "FotoNation's technology is based on strong intellectual property, built on sound tried-and-tested solutions. We plan to migrate from IP cores towards Chiplets, commoditizing imaging and sensor fusion for any SoC makers," said Petronel Bigioi, CEO of FotoNation. "We are fortunate to have such an experienced, innovative, and committed team as the FotoNation family." "Our vision is to provide strategic, widely addressable chip-level imaging and sensing solutions addressing the near- and long-term needs of Edge AI," said Eran Steinberg, FotoNation's Chair. "It is rare in business that one gets an opportunity to reunite such a dream team for the third time. We expect this Hat-Trick buyout to result in a phenomenal breakthrough vision technology and exponential market growth with significant ROI". FotoNation LTD is an Irish corporation headquartered in Galway, Ireland, with a second engineering office in Brasov, Romania, and business development offices in the San Francisco Bay Area and in Japan. Logo - https://mma.prnasia.com/media2/2554194/FotoNation_Logo.jpg?p=medium600
- Patent Covers Invention of Treatment Drug and Prophylactic Drug for Lowering Cardiac Disorder Markers in Dogs as Well as Their Manufacturing Methods - TOKYO, Nov. 12, 2024 /PRNewswire/ -- Scarecrow Incorporated, based in Tokyo's Shibuya Ward, is pleased to announce that it has acquired the world's first (*) patent for Pinfenon (S) (R), an animal supplement made in Japan, associated with a treatment drug and a prophylactic drug for lowering the atrial natriuretic peptide (ANP) as well as their manufacturing methods. The supplements approved as drugs by the Japan Patent Office are subject to technical transfer in such products as food, shampoos, and essences as new means of allowing anyone to protect small dogs from cardiac disorders. (*) According to the Japan Patent Office's survey of global common awareness (Paragraph 1, Article 29, the Trademark Act) Photo1: Patent recently acquired for Supplement Pinfenon (S) (R) series launched in 2004https://cdn.kyodonewsprwire.jp/prwfile/release/M103184/202410238652/_prw_PI1fl_5xfktVk4.jpg Mitral regurgitation, a cardiac disorder frequently observed in dogs around the world but particularly in Japan:Many breeds of small dogs are genetically susceptible to the cardiac disorder called mitral regurgitation, and valvular diseases of the heart, which include mitral regurgitation, are the third most common cause of death in elderly dogs (according to Anicom HD, Japan, 2023). One of the indicators of the severity of this disease is atrial natriuretic peptide (ANP). This is a hormone primarily synthesized and stored in the part of the heart called the atrium before being secreted in the blood and can be measured by a blood test. For this reason, ANP is also referred to as a cardiac biomarker. A patent was acquired for Pinfenon (S) (R) after it was demonstrated to reduce the burden on the heart and lower the level of this ANP. Photo2: Pinfenon (S) (R) tablets sized 5 mm in diameter for ease of oral administrationhttps://cdn.kyodonewsprwire.jp/prwfile/release/M103184/202410238652/_prw_PI2fl_HluU8c7p.jpg Overview:Name of invention: Treatment drug and prophylactic drug for lowering atrial natriuretic peptide (ANP) as well as manufacturing methodsRegistration number: P7542838Date of registration: August 23, 2024Patent holder: Scarecrow IncorporatedInventor: Hiroshi Okawa, Hiroshi KoieDate of application: February 15, 2024 About the Clinical StudyPrior to the patent acquisition for Pinfenon (S) (R), a clinical study was conducted in 27 dogs with mitral regurgitation at 15 hospitals across Japan. Pinfenon (S) (R) was co-administered for 30 days under continued treatment with the medication for a cardiac disorder in use, and a blood test was conducted at study initiation and after 30 days. In addition, general conditions of difficulty with breathing were observed. The result of the study showed a significant decrease (improvement) in ANP as a cardiac biomarker, as well as significant improvement in difficulty with breathing. The following graph shows the changes in ANP for 4 animals with the most severe condition among the 27 animals studied. The graph shows a clear decrease (improvement) in values 30 days after the administration of Pinfenon (S) (R) was started. Graph: https://cdn.kyodonewsprwire.jp/prwfile/release/M103184/202410238652/_prw_PI5fl_437J4115.png Details of the role of the new supplement in providing support for canine cardiac disorder: https://kyodonewsprwire.jp/attach/202410238652-O1-9I6EwxLq.pdf Product image: https://cdn.kyodonewsprwire.jp/prwfile/release/M103184/202410238652/_prw_PI4fl_cvzYpuXa.jpg The main ingredient of Pinfenon (S) (R) is a material extracted from the bark of pine trees called French maritime pine, which is cultivated only in the southwestern part of France. It is a safe, water-soluble natural food product and a natural health ingredient with extremely high physiological activity. More than 800 research papers have been published as a result of the accumulation of data by research institutions globally. Pinfenon (S) (R) also contains supporting ingredients, such as fermented sesame extract and yeast extract, to further enhance the effect in the body of animals. Product overview: https://kyodonewsprwire.jp/attach/202410238652-O2-Yn51NmI6.pdf About Scarecrow Incorporated:https://kyodonewsprwire.jp/attach/202410238652-O3-0U95iTzA.pdf References:- Malaysian Small Animal Veterinary Association (MSAVA) National Scientific Conference (NSC) 2022 ProceedingsHiroshi Koie, "The Effect of Pycnogenol (R) Combination Therapy in Dogs with Mitral Regurgitation Symptom"https://kyodonewsprwire.jp/attach/202410238652-O4-32zJ4euL.pdf - Naoki Yoshida, Masahiko Noya, Shuichi Koyama, Hiroshi Okawa, Yuji Matsushita, Jeffry Michael Strong, "Effect of Pinfenon-S (containing Pycnogenol) on Mitral Regurgitation in Dogs," Companion Animal Practice (CAP) 2009https://kyodonewsprwire.jp/attach/202410238652-O5-951d4rzG.pdf
VADUZ, Liechtenstein, Nov. 11, 2024 /PRNewswire/ -- LGT, the international private banking and asset management group owned by the Princely Family of Liechtenstein, has signed an agreement to acquire the personal advice business of Australia's largest bank, CBA. This acquisition bolsters LGT's foothold in the Australian wealth management landscape, reaffirming its dedication to high-quality advisory services, enduring client relationships, and sustainable growth. The acquisition is expected to transfer more than CHF 2.8 billion (AUD 5 billion) in assets from CBA's ultra-high-net-worth and high-net-worth clients to LGT, accompanied by the integration of approximately 40 experienced advisers, associates, and support staff into LGT Crestone, LGT's Australian business. Once completed, the transaction will solidify its position as a trusted partner for sophisticated private wealth clients. The acquisition is structured to ensure a smooth integration for Commonwealth Private Advice's clients and employees, allowing them to benefit from LGT's global strength, stability, and exceptional expertise, with over CHF 356 billion (AUD 500 billion) in assets under management worldwide. This transaction aligns with LGT's long-term growth strategy, which focuses on expanding its footprint in key markets and providing clients with world-class advisory services, wealth planning, and access to private markets and sustainable investments. It is expected to close by mid-2025, and will enhance LGT's Australian operations, which include Adelaide, Brisbane, Melbourne, Perth and Sydney. LGT Crestone currently has more than 350 employees, including more than 100 advisers across Australia. Michael Chisholm, Chief Executive Officer of LGT Crestone, said: "We are delighted CBA – one of Australia's leading financial institutions – has chosen LGT Crestone as the trusted home for their highly valued ultra-high net worth and high-net worth clients and employees. It's a terrific validation of our efforts to build a truly outstanding private wealth advice business catering to the needs of the most sophisticated investors in Australia. This transaction is driven by our shared purpose and values with Commonwealth Private Advice, particularly our client-centric approach to managing the wealth and financial wellbeing of sophisticated high-net-worth clients." H.S.H. Prince Max von und zu Liechtenstein, Chairman LGT, commented: "LGT is delighted to strengthen our role in Australia as we welcome both the clients and colleagues of Commonwealth Private Advice. Clients need stable partners who provide comprehensive and secure opportunities throughout their financial journeys, and we are committed to delivering that level of support and confidence to our new clients. With this acquisition, we are accelerating our growth trajectory in one of the world's most promising wealth markets, deepening our commitment to the APAC region and our clients here. Today, APAC represents more than a third of LGT's business, a reflection of both our strategic focus and our ambition to build a truly diversified global private banking group." LGT in brief LGT is a leading international private banking and asset management group that has been fully controlled by the Liechtenstein Princely Family for over 90 years. As at 30 June 2024, LGT managed assets of CHF 356.0 billion (USD 396.2 billion) for wealthy private individuals and institutional clients. LGT employs over 5800 people who work out of more than 30 locations in Europe, Asia, the Americas, Australia and the Middle East. www.lgt.com
SHANGHAI, Nov. 11, 2024 /PRNewswire/ -- Nisun International Enterprise Development Group Co., Ltd ("Nisun International" or the "Company") (Nasdaq: NISN), a technology and industry driven integrated supply chain solutions provider, is pleased to announce its acquisition of a minority stake in Nanjing Pin Bai Sheng Catering Management Co., Ltd. ("Nanjing Pin Bai Sheng"), a prominent franchisee and partner in China's thriving food and beverage sector. This strategic investment aligns with Nisun International's commitment to expanding its footprint in China's supply chain and rapidly growing campus catering markets. Nanjing Pin Bai Sheng, known for its operational expertise and strong partnerships with globally recognized food brands like KFC, provides extensive catering services across educational institutions, government agencies, and corporate settings. This acquisition not only represents a compelling opportunity for Nisun International to tap into the high-growth campus catering market but also to leverage synergies in supply chain management, distribution, and digitalization. The collaboration is expected to significantly strengthen both companies' capabilities in meeting the evolving demands of a growing customer base in closed, high-consumption environments such as university campuses. The recent success of the inaugural KFC campus project at Guangzhou Technical Normal University showcases the operational synergies between Nisun International and Nanjing Pin Bai Sheng. Through enhanced supply chain logistics, streamlined digital processes, and a commitment to superior customer service, the two companies are positioned to lead a new era in campus catering, focusing on scalability, reliability, and quality. According to recent research, Chinese college students are expected to drive annual consumption to approximately RMB 850 billion in 2024, underscoring the immense market potential within this sector. Mr. Xin Liu, CEO of Nisun International, expressed his enthusiasm for the partnership: "Our acquisition of a stake in Nanjing Pin Bai Sheng is a transformative step that aligns with our strategic vision to integrate supply chain efficiencies with new consumer markets. By combining our capital resources and technological advancements with Nanjing Pin Bai Sheng's extensive campus channels, we aim to redefine the campus catering experiences across China. This partnership opens the door for innovative service models and broader growth opportunities for both companies." The acquisition aligns with Nisun International's ongoing mission to diversify service scenarios and pursue high-quality growth in reputation, scale, and profitability. In the coming years, the two companies plan to expand to over 200 campus locations, reinforcing their market presence and optimizing the supply chain process for scalability and operational efficiency. This collaboration will empower Nisun International and Nanjing Pin Bai Sheng to drive transformative growth within China's campus catering sector, making an impactful contribution to the broader catering and supply chain ecosystem. Nisun International's strategic investment in Nanjing Pin Bai Sheng represents another significant milestone in the Company's journey toward leading supply chain solutions that bridge operational excellence with dynamic consumer markets. About Nisun International Enterprise Development Group Co., Ltd. Nisun International Enterprise Development Group Co., Ltd (NASDAQ: NISN) is a technology-driven, integrated supply chain solutions provider focused on transforming the corporate finance industry. Leveraging its industry experience, Nisun International is dedicated to providing professional supply chain solutions to Chinese and foreign enterprises and financial institutions. Through its subsidiaries, Nisun International provides users with professional solutions for technology supply chain management, technology asset routing, and digital transformation of tech and finance institutions, enabling the industry to strengthen and grow. At the same time, Nisun International continues to deepen the field of industry segmentation through industrial and financial integration. Focusing on industry-finance linkages, Nisun International aims to serve the upstream and downstream of the industrial supply chain while also assisting with supply-side sub-sector reform. For more information, please visit http://ir.nisun-international.com/ Cautionary Note Regarding Forward-Looking Statements This press release contains information about Nisun International 's view of its future expectations, plans and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. Nisun International encourages you to review other factors that may affect its future results in Nisun International 's registration statement and in its other filings with the Securities and Exchange Commission. Nisun International assumes no obligation to update or revise its forward-looking statements as a result of new information, future events or otherwise, except as expressly required by applicable law.
SINGAPORE, Nov. 11, 2024 /PRNewswire/ -- SP Manufacturing (SPM), a leading provider of Electronics Manufacturing Services (EMS) to mission-critical industries, today announced the acquisition of the Asia operations of Ideal Jacobs ("IJA"). IJA is a Hong Kong-based, global provider of high-performance printed electronics and human-machine interface (HMI) solutions to top-tier medical, industrial, semiconductor, and communication customers primarily in the USA and Europe. SP Manufacturing CEO Philip Ong (left) and IJA Chairman Ben Meng (right) "IJA is thrilled to join the SP Manufacturing group" said Ben Meng, Chairman of IJA, "the leadership of IJA remains committed to growing our customers and our business, and we're excited about building the next chapter of growth together with SP Manufacturing. Partnering with SPM gives us important access to a broader range of capabilities, geographies and scale to serve our customers more deeply over time." "We welcome IJA to the SP Manufacturing group" said Philip Ong, CEO of SPM. "We've taken time to build a positive and productive partnership with IJA's leadership, and both companies share deeply-held beliefs in building meaningful, long-term relationships with great customers around the world. By joining forces with IJA, we advance our capabilities in delivering mission-critical EMS solutions. IJA brings important strategic benefits to our platform including: New capabilities with HMI and die-cut solutions Expanded engineering capabilities Access to an enviable blue chip medical, industrial, semiconductor, and communications customers; and Enlarged capacity in Asia, including a strategic facility in Penang, Malaysia, where the semiconductor and electronics industry is growing rapidly. "SP Manufacturing continues to grow impressively" added Pei-Shan Wong, Director of SPM, "and the addition with IJA is well-aligned with SPM's strategy of building meaningful, industry-specific capabilities to serve the most valuable mission-critical industries and customers in the world. SP Manufacturing now serves its customers with onshore services in the US and Europe, and offshore in key strategic geographies in Singapore, Malaysia, Indonesia, and China, reflecting the onshore/offshore future of the global supply chain for our customers." To learn more about SP Manufacturing's commitment to advancing mission-critical electronics production, visit SP-Manufacturing.com. About SP Manufacturing SP Manufacturing is a leading EMS provider headquartered in Singapore, specializing in the design, engineering, and manufacturing of mission-critical electronics across medical, semiconductor, and communications industries. About Ideal Jacobs Asia Ideal Jacobs is a Hong Kong-based provider of printed electronics and HMI solutions, with a longstanding reputation for high-performance materials and precision engineering tailored to industrial and medical applications. Contact For inquiries, please reach out to SP Manufacturing at sales@sp-manufacturing.com or visit our website at sp-manufacturing.com.
A12 藝術空間
Acquisitions, mergers, takeovers
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