本網站使用瀏覽器紀錄 (Cookies) 來提供您最好的使用體驗，我們使用的 Cookie 也包括了第三方 Cookie。相關資訊請訪問我們的隱私權與 Cookie 政策。如果您選擇繼續瀏覽或關閉這個提示，便表示您已接受我們的網站使用條款。 關閉
Expand Sudarshan's global presence with multiple synergies. Create a pigment portfolio with operations across 19 sites globally. Sudarshan's Managing Director, Mr. Rajesh Rathi, will lead the combined entity. Customers to benefit from Sudarshan's best-in-class product portfolio. MUMBAI, India, Oct. 14, 2024 /PRNewswire/ -- Sudarshan Chemical Industries Limited ("SCIL" or "Company") today announced that it has entered into a definitive agreement with the Germany-based Heubach Group, on its acquisition in a combination of an asset and share deal. This strategic acquisition will create a global pigment company, combining SCIL's operations and expertise with Heubach's technological capabilities. Post-acquisition, the combined company will have a broad pigment portfolio of high-quality products and a strong presence in major markets including Europe and the Americas. It will enhance SCIL's product portfolio, giving it access to customers and a diversified asset footprint across 19 sites globally. The combined company will be led by Mr. Rajesh Rathi and a high performing management team with quality execution skills and technical competency. The Heubach Group has a 200-year history and became the second largest pigment player in the world after its integration with Clariant in 2022. Heubach had over a billion euros in revenue in FY21 and FY22, with a global footprint especially in Europe, Americas, and the APAC region. The Group faced financial challenges over the past two years due to rising costs, inventory issues, and high interest rates. SCIL's acquisition of Heubach will address these challenges with a clear turnaround plan. Commenting on the transaction, Mr. Rajesh Rathi, Managing Director of SCIL said, "We are delighted with this transaction that brings together two businesses that will cater to major global markets. We will carefully integrate these two companies to create a truly global pigments company, with Frankfurt remaining a strategically important location. SCIL is known for its agility and efficiency, and we will embed this culture throughout the combined company to make it one of the most customer-centric and profitable pigment companies." Bram D'hondt from Heubach said, "By joining hands with SCIL, we aim to reclaim our 200+ years of legacy of serving customers with high quality products. Together, we will shape the future of the pigments industry by building on the ethos of customer centricity and product excellence. Our combined capabilities will enable us to serve our customers better. We look forward to working with SCIL as we enter this next chapter." Crawford Bayley and Noerr are acting as legal counsel to Sudarshan and DC Advisory is acting as financial advisor. Culture of agility and customer focus will be at the center of this integration. The strategic and financial benefits of the combination are as follows: A company with customer centricity (Sevā) at its heart: Post-acquisition SCIL envisages to become the supplier of choice for all customers. The company will have a wide product portfolio across segments and applications and it will be able to offer the best-in-class product portfolio to customers. SCIL's R&D and innovation capabilities combined with the global supply chain network, will be an enabler for the company to serve customers efficiently. Most valuable global pigment player: The combined entity aims to become the most valuable pigment company in the world with great financial strength and profitability. The acquisition enhances SCIL's breadth of product portfolio in global markets, gives it an opportunity to serve global customers, especially in Europe and Americas, and a diversified asset footprint across 19 global sites. An agile organization: The integration will create a culture of agility and efficiency, with significant synergies expected across functions. The combined company will implement best practices to maximize value for stakeholders. Led by world-class managers and pigment experts: SCIL to create a high performing management team with quality execution skills and technical competency. The combined company will be led by Mr. Rajesh Rathi, SCIL's Managing Director, after the close of the transaction. Heubach has a broad and high-quality product portfolio with a large percentage of specialties including customized products. It serves a strong customer base of global blue-chip customers with applications in coating, plastic, inks, automotive, electrical and electronics. Heubach has 17 manufacturing sites globally providing stability during any geopolitical and supply chain challenges, ensuring long-term relationships with suppliers and customers. The acquisition is expected to close in 3-4 months, subject to the satisfaction of customary closing conditions, including approvals from regulators and SCIL shareholders. About Sudarshan Chemical Industries Ltd.
Location intelligence leader Nearmap acquires technology and assets from Tensorflight SALT LAKE CITY, Oct. 14, 2024 /PRNewswire/ -- Nearmap, a global leader in location intelligence solutions, has completed an asset purchase agreement with Tensorflight, an AI-powered platform that uses artificial intelligence (AI) and machine learning (ML) to help P&C insurers predict potential risks and reduce overall costs. Nearmap has agreed to acquire the assets of the Tensorflight business and work with existing customers to understand how best to serve their needs now and in the future. This asset acquisition marks another milestone in the evolution of the Nearmap for Insurance growth story—as it comes less than a year after the company announced its acquisition of Betterview, a well-established property intelligence and risk management platform. The investment demonstrates the growing Nearmap commitment to the insurance industry and the company's mission to deliver the most advanced property intelligence solutions to insurance customers. About Nearmap:Nearmap is the location intelligence provider customers rely on for consistent, reliable, high-resolution imagery, insights, and answers to create meaningful change in the world and propel industries forward. Harnessing its own patented camera systems, imagery capture, AI, geospatial tools, and advanced SaaS platforms, Nearmap users receive tailored solutions for complex challenges. Nearmap captures wide-scale urban areas in the United States, Canada, Australia, and New Zealand several times each year, making content instantly available in the cloud via web app or API integration. The Betterview and ImpactResponse platforms by Nearmap are integrated technology solutions built for insurers applying proprietary AI and computer vision to high-resolution aerial imagery and geospatial data — generating highly accurate property intelligence. With Nearmap, insurance companies have on-demand insights throughout the policy lifecycle that increase quoting speed and accuracy, optimize underwriting efficiency, enhance property risk mitigation, and expedite claims. Nearmap is the only full stack provider of location intelligence — from camera, to capture, to processing — as utilized in the Betterview and ImpactResponse platforms. Founded in Australia in 2007, Nearmap stands as the definitive source of truth that shapes the livable world. For more information, please visit www.nearmap.com/solutions/insurance. PR ContactTaylor Cenicolataylor.cenicola@nearmap.com Logo - https://mma.prnasia.com/media2/2451261/Nearmap_Logo.jpg?p=medium600 Logo - https://mma.prnasia.com/media2/2529103/tensorflight_logo.jpg?p=medium600
Kuitun, China, Oct. 14, 2024 /PRNewswire/ -- On October 13, in the 400-mu cotton field of Sun Qiang, a cotton farmer in Laoshawan Town, Shawan City, cotton plants were covered with bolls. Large cotton pickers were running at full capacity to pick the new cotton. The cotton farmers' faces were filled with happiness. In 2024, the cotton planting area in Shawan City is 1.6207 million mu. The full-process mechanization rate of cotton production reaches 99%. Meanwhile, every link of cotton production, acquisition, and processing is inseparable from reliable power supply. During the peak period of cotton harvest, State Grid Kuitun Power Supply Company provides a "one-stop" power supply service for cotton farmers. It regularly goes door-to-door to check the safety measures of electric motor wells, transformers, switches, and power lines in cotton planting areas, and investigates hidden dangers such as line aging and illegal wiring. It arranges the work schedule in reverse order and addresses problems affecting power supply quality such as heavy overload and low voltage in rural power grids, eliminating potential electricity safety hazards from the root. "The staff come to escort the electricity consumption for our cotton planting to ensure the growth of our cotton. They take the initiative to help us check equipment such as motor wells and help our cotton planting increase production and income." said local cotton farmer Sun Qiang. As cotton acquisition work approaches, the ginning factory of Qinling Cotton Industry Co., Ltd. in Laoshawan Town is making relevant preparations. The company further strengthens the safety barrier for cotton acquisition and processing work by continuously strengthening safety electricity inspection, optimizing the acquisition process and service, strengthening management and control of production and processing links, and strengthening safety production publicity and training, promoting high-quality production. The company's staff were actively carrying out safety electricity inspection services, investigating potential power safety hazards on the special line of the ginning factory, discovering potential problems such as wire aging, equipment overload, and illegal electricity consumption, preventing safety accidents such as fires and equipment damage caused by power failures, and ensuring the smooth progress of enterprise production activities. As of now, the company has taken the initiative to conduct comprehensive inspections for cotton farmers for free 28 times, assisted in rectifying 12 safety hazards, and distributed over 600 power safety manuals, ensuring reliable electricity consumption.
SEOUL, South Korea, Oct. 11, 2024 /PRNewswire/ -- Korea Zinc (KRX:010130), a global leader in the production of non-ferrous metals and a key player in critical supply chains, today issued an official statement announcing the amendments to its share buyback and cancellation plan, originally approved on October 2. The company announced key changes, including an increase in the tender offer price from KRW 830,000 to KRW 890,000 and an expansion of the buyback volume from 15.5% to 17.5%. If shares held by Ban Capital are included, the total tender offer could reach 20%. The changes were made after careful consideration by the board, addressing market conditions and concerns raised by financial authorities. These adjustments aim to bolster shareholder confidence and protect against potential losses caused by stock price volatility. A full statement from Korea Zinc is attached below: Official Statement by Korea Zinc To our shareholders and esteemed members of the public, Today, Korea Zinc convened a board meeting to amend certain aspects of the share buyback and cancellation plan approved on October 2. Korea Zinc has decided to raise the tender offer price from KRW 830,000 to KRW 890,000 and expand the buyback volume from 15.5% to 17.5%. The total tender offer is expected to reach 20% if the shares held by Bain Capital are included. Today's resolution was made following thorough discussions and deliberation by the board, taking into account the market conditions and the concerns raised by financial authorities. The primary focus of this decision was to increase the buyback volume, providing shareholders greater confidence in participating in Korea Zinc's tender offer. The board and management carefully considered potential incur losses due to stock price volatility following the tender offer. By effectively expanding the tender offer to cover the entirety of Korea Zinc's circulating shares, the goal is to protect shareholders and minimize market disruptions. We sincerely hope this decision will resolve the confusion in the market and ease the concerns from both the media and the public. Once again, we would like to emphasize that Korea Zinc's share repurchase is a legal procedure being carried out in accordance with the court ruling on October 2. We are fully committed to completing this tender offer successfully, as stipulated by law. Additionally, Korea Zinc will retire all shares acquired through this tender offer to further enhance the shareholder value. We strongly urge you not to be swayed by misinformation or rumors deliberately spread in the market to cause disruption. We encourage participation in the tender offer with confidence and assurance. We also want to make it clear that we will take all the necessary actions to hold accountable those responsible for spreading false information or rumors that disrupt the capital market. In an effort to swiftly mitigate the negative effects of this situation, the management, employees, and labor will work together to restore normal operations and seize this opportunity to rebuild an even stronger company. We would like to express our sincere gratitude to all shareholders and the public for their trust and support for the current management and employees of Korea Zinc. We sincerely hope that all the turmoil that began with the surprise takeover attempt by the private equity fund will be quickly stabilized. On the occasion of Korea Zinc's 50th anniversary on August 1, we announced our mission and core values for the next 50 years, reflecting the thoughts and concerns of all our members. "To convert diverse raw materials and energy sources into the materials and energy needed by the world in the safest, most eco-friendly and most efficient manner." We will do our best to successfully fulfill this mission. We also promise to emerge from this crisis even stronger and more robust. We will not lose sight of our commitment to serve as the foundation of Korea's economic development at the forefront of national key and strategic industries. We would like to express my gratitude once again to our esteemed shareholders, the people of Korea, and the citizens of Ulsan.
Deal strengthens the platform's lead generation and social media monetization capabilities, empowering small businesses to convert followers into customers and accelerate their growth WALTHAM, Mass. and TORONTO, Oct. 11, 2024 /PRNewswire/ -- Constant Contact, a digital marketing and automation platform that has helped millions of small businesses and nonprofits globally, today announced that it has acquired the business of Txtify Technologies, a technology company specializing in mobile-first lead generation through customized microsites and surveys. The acquisition enhances Constant Contact's platform by providing small businesses (SMBs) with new tools to grow their customer base and convert social media and digital media engagement into valuable customer relationships. This acquisition will help Constant Contact's SMB customers by enabling them to create mobile-optimized, branded lead generation forms in minutes without coding or web development experience. With intuitive design tools and high-performing templates, SMBs can quickly capture contact information from social media followers and build deeper relationships with them through owned channels, like email or SMS marketing. This ability to quickly turn social media engagement into qualified leads is a valuable addition to Constant Contact's marketing platform. According to Constant Contact's Small Business Now report, 60 percent of small businesses rely on social media as their primary channel for engaging with customers. However, one of their biggest challenges is converting those likes, comments, shares, and followers into customers. More than half of SMBs surveyed identified social media as the area of their marketing where they need the most support. "The profile of today's small business has changed, and many now launch and grow their brand on social media before they build a website or create their first email campaign," said Frank Vella, CEO at Constant Contact. "Our acquisition of Txtify Technologies' business enables us to deliver value to mobile-first and social-first entrepreneurs by empowering them to own their audience on social media and turn a follower list into a marketing list. This is a strategic step forward in our mission to innovate on behalf of SMBs and equip them with the tools they need to grow their business." "We are thrilled to bring our powerful lead generation technology to a wider audience as part of Constant Contact's platform," said John Stewart, co-founder and CEO at Txtify Technologies. "Our mission has always been to simplify and scale lead capture and conversion for small businesses, and by joining Constant Contact, I am confident that we will be able to help even more SMBs grow and succeed." As part of the transaction, Stewart along with Txtify Co-Founder and Chief Technology Officer, Eric Dewhirst, have joined Constant Contact and will play a key role in the integration of the acquired technology into Constant Contact's platform. When Txtify's technology is combined with Constant Contact's existing powerful marketing capabilities, like email, SMS, social media ads and event capabilities, SMBs will be able to grow their contact lists quickly, better understand their audience and potential customers, drive more revenue and more directly correlate social media activity with business results. About Constant ContactConstant Contact makes digital marketing easy and effective for small businesses and nonprofits around the world. Whether just starting out, or managing complex multi-channel campaigns, SMBs benefit from our powerful SaaS platform that delivers a simplified marketing experience with less time spent and better results. With cutting-edge technology, best-in-class deliverability and award-winning customer support, we help the small stand tall. Logo - https://mma.prnasia.com/media2/1723105/ctct_ripple_logo_horizontal_blue_orange_Logo.jpg?p=medium600
Strategic investment enhances Go Global's portfolio and expands market reach into premium maternity fashion and lifestyle brand LOS ANGELES, Oct. 10, 2024 /PRNewswire/ -- Go Global Retail today announced it has completed its acquisition of HATCH Collection, a leader in premium maternity fashion, through its Janie and Jack Holdings, Inc. platform. This acquisition is the latest in Go Global's investments and represents a strategic follow-on acquisition into the purchase of children's fashion leader Janie and Jack which was acquired from Gap Inc. in 2021. Since then, Janie and Jack has expanded its digital capabilities and accelerated omnichannel growth globally. Go Global Retail and Janie and Jack to Acquire HATCH Collection, a Leading Premium Maternity Brand Founded in 2011, HATCH paved the way for meeting women's needs during the most transformative period of their lives – motherhood – through its multifaceted platform offering elevated maternity and postpartum looks, beauty and wellness essentials, and educational content through its leading editorial platform, Babe. HATCH maintains strategic wholesale partnerships with over 200 retailers and operates two retail stores in New York, home to its community events, in addition to its flagship e-commerce platform. "The acquisition of HATCH perfectly aligns with our strategy of expanding our portfolio for the modern mom," said Jeff Streader, Founder and Managing Partner of Go Global Retail. "By integrating HATCH into our brand family, we aim to enhance the overall customer experience while positioning ourselves for future growth. Our customer-centric approach continues to guide our mergers and acquisitions, ensuring each decision strengthens our ability to meet their needs." "By bringing HATCH into the Janie and Jack family, we are extending our reach to the earliest stages of parenthood, cultivating deeper customer loyalty and lifetime value. This acquisition strengthens our position to capture the growing demand in this segment while elevating both brands," said Mo Beig, President and CFO of Janie and Jack. "This is an exciting moment for HATCH as we embark on this next chapter. Our mission and values align seamlessly with Janie and Jack; together, we are better positioned to support women on their journey through parenthood," said Rosie Rothrock, Chief Marketing Officer of HATCH. The acquisition was financed through Janie and Jack Holdings in conjunction with a senior secured credit facility provided by MidCap Financial, a leading commercial finance company specializing in middle-market transactions. Janie and Jack operates about 120 retail stores across the U.S. and features an online offering of apparel, footwear, and accessories. The brand will continue to operate from its headquarters in San Francisco, while HATCH will maintain its base in New York. About HATCH CollectionFounded in 2011 by Ariane Goldman, HATCH Collection is a leading maternity brand offering fashion, skincare, content, and community support. Designed to be a premium lifestyle destination, HATCH helps women navigate every stage of pregnancy and motherhood with style, beauty, and confidence. Its editorial platform, Babe, will continue to provide engaging content, education, events, and support for its community. About Janie and JackJanie and Jack is a design house for kids — because individual style starts early. Each season's collections feature charming twists on classic fashion. Janie and Jack is known for family moments, thoughtful details, and memorable gifts. Visit Janie and Jack stores nationwide for kids' clothing from newborn to size 8 and www.janieandjack.com for up to size 18. About Go Global RetailFounded in 2016, Go Global Retail is an investment platform focused on acquiring and growing brands in the consumer sector. The firm partners with retail and operational executives to transform and scale brands through digital innovation and strategic investments. Learn more at www.goglobalretail.com. Photo - https://mma.prnasia.com/media2/2527399/Hatch.jpg?p=medium600
A12 藝術空間
Acquisitions, mergers, takeovers
請先登入後才能發佈新聞。
還不是會員嗎？立即 加入台灣產經新聞網會員 ，使用免費新聞發佈服務。 （服務項目） （投稿規範）
