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Equinor expands in energy trading and services through acquisition of Danske Commodities

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DC was founded in 2004 and is based in Aarhus, Denmark, with 284 employees. In 2017 it traded 318 terawatt hours of electricity across 37 countries, equal to more than two times Norway’s annual electricity consumption, and 389 terawatt hours of gas across 18 countries, around one third of total Norwegian gas production. It completes more than 4000 trades and processes around 173 terabytes of data every day, 24 hours a day, 365 days a year. The transaction supports Equinor’s move from being an upstream oil and gas company to becoming a broad ... Read More »

Equinor completes acquisition of 25% interest in Brazil’s Roncador oil field

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Reflecting equity volumes produced since the effective date of 1 January 2018 and the deposit paid upon the signing of the transaction, Equinor has paid Petrobras an adjusted cash consideration of USD 2.0 billion. There remain additional contingent payments of up to USD 550 million related to investments in projects to increase the recovery from the field. Based on current production the interest in Roncador, the third largest producing field in Brazil, increases Equinor’s equity production in Brazil by around 150% to around 100,000 boe per ... Read More »

Philips to expand its Image-Guided Therapy portfolio with the acquisition of EPD Solutions

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EPD’s cardiac imaging and navigation system [1] helps electrophysiologists navigate the heart by generating a detailed 3D image of the cardiac anatomy, while also pinpointing the location and orientation of catheters during the diagnostic and therapeutic procedures for cardiac arrhythmias. This breakthrough technology has the potential to simplify navigation and treatment, immediately assess the treatment result and ultimately enhance procedure efficacy. The acquisition will complement Philips’ portfolio of interventional imaging systems, sm... Read More »

DHL strengthens Latin America presence by acquiring Suppla Company in Colombia

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DHL Supply Chain, the contract logistics specialist within Deutsche Post DHL Group, has acquired Suppla Group, specialized on providing logistics services in Colombia. Suppla is recognized as a premier logistics provider with local expertise and longstanding customer relationships. With an established products portfolio, including warehousing and packaging services across Life Sciences and Healthcare, Retail, Consumer, and Technology sectors, Suppla has a solid business model with experienced management, stable business principles, and structur... Read More »

Google announces intent to acquire Velostrata

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As more and more enterprises move to the cloud, many need a simple way to migrate from on-premises and adopt the cloud at their own pace. This helps them take advantage of what the cloud has to offer—speed, scalability, and access to technologies like advanced data analytics and machine learning. With Velostrata, Google Cloud customers obtain two important benefits: they’ll be able to adapt their workloads on-the-fly for cloud execution, and they can decouple their compute from storage without performance degradation. This means they can eas... Read More »

Philips expands its Sleep & Respiratory Care portfolio with the acquisition of NightBalance

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NightBalance’s Sleep Position Trainer (SPT) was designed as a comfortable and easy to use treatment alternative for people who suffer from positional obstructive sleep apnea. The SPT gently prompts them not to sleep on their back, avoiding the apneas from occurring during sleep. The SPT is CE-marked and is currently marketed in select countries in Europe [1]. NightBalance offers a unique, patient friendly solution to treat positional obstructive sleep apnea and positional snoring that is highly complementary to our current offering... Read More »

Boeing to Acquire Leading Aerospace Parts Distributor KLX Inc. to Enhance Services Business Growth

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Boeing [NYSE: BA] announced today it has entered a definitive agreement to acquire KLX Inc. [NASDAQ: KLXI] to enhance its growing services business. The agreement comprises an all-cash transaction for $63 per share and the assumption of approximately $1.0 billion of net debt, totaling $4.25 billion. Boeing's acquisition of KLX Inc. will include KLX Inc.'s Aerospace Solutions Group, and is conditional upon the successful divestment and separation of KLX Inc.'s Energy Services Group. KLX Inc. is a major independent provider of aviation part... Read More »

FedEx Expanding E-Commerce Capabilities with Acquisition of P2P

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P2P provides customers with unique last-mile delivery options, leveraging its relationships with private, postal, retail and clearance providers in over 200 countries. Its industry-leading technology and processes provide plug-and-play options with carrier networks and customer systems. P2P is headquartered in Laindon, United Kingdom and will operate as a subsidiary of FedEx Cross Border within the FedEx Trade Networks operating company. “Global e-commerce continues to grow at a rapid pace, and more and more merchants, marketplaces, e-com... Read More »

Nokia completes the acquisition of Unium

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Unium's software will be embedded into Nokia's Wi-Fi portfolio to provide operators with a plug-and-play intelligent mesh Wi-Fi solution that is easy to install and constantly optimizes in-home Wi-Fi connections through self-learning and self-healing capabilities. Unium will operate as part of Nokia's Fixed Networks business group. ... Read More »

Apple to acquire digital magazine service Texture

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Texture brings over 200 of the world’s best magazines to life, providing an easy way for users to read high-quality stories and entire issues of their favorite titles. With Texture, users enjoy the magazines they know and love, while discovering new content that fits their passions and interests. “We’re excited Texture will join Apple, along with an impressive catalog of magazines from many of the world’s leading publishers,” said Eddy Cue, Apple’s senior vice president of Internet Software and Services. “We are committed to quality journali... Read More »

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