Saturday, December, 14, 2019 01:40:47

Category: Business

KKR completes acquisition of the majority interest in NVC China

NVC International Holdings Limited and KKR recently announced that the latter has completed the acquisition of the majority stake in China lighting business of NVC Lighting. KKR will hold 70% and NVC International will own rest 30% in NVC China after closure of transaction. The …

Linx partners with B2W to strengthen O2O strategy in Brazil

B2W, an online retail company that owns brands like Submarino, Americanas.com and Shoptime, has reportedly inked a partnership with Linx, a leader and specialist in retail technology, to strengthen its online to offline strategy (O2O) strategy. This partnership would enable customers to access their purchased …

Myant and Osmotex ink new JV to commercialize HYDRO_BOT technology

Myant Inc., a Canada based leader in textile computing, and Osmotex AG, a renowned Switzerland based research and development firm, have reportedly signed a new agreement to establish a JV to commercialize the active membrane technology of Osmotex, HYDRO_BOT, across different textile-based applications. The merger …

Halo and DNA Genetics team-up to develop its new genetics in Oregon

Halo Labs Inc, a renowned Canada based cannabis extraction company, reportedly announced a new strategic partnership deal with Amsterdam-based OG DNA Genetics Inc., a renowned brand in the cannabis industry, to produce its genetics across Oregon. The initial duration of partnership agreement would be five …

Facebook’s VR wing Oculus trades its VR creation tool to Adobe

Oculus, Facebook-owned virtual reality business recently announced that it has sold its Virtual Reality model-building/ 3D sculpting tool ‘Medium’ to the leading software company, Adobe. This acquisition by Adobe is a milestone in the development of next stage of broader and professional usage of Virtual …

Idorsia enters into a license agreement with Mochida for daridorexant

Idorsia Ltd. and Mochida Pharmaceutical Co., Ltd. have reportedly announced that both the companies have signed an exclusive license agreement to supply, co-develop, and co-market daridorexant.  It is dual orexin receptor antagonist (DORA) developed by Idorsia to treat insomnia and correlated conditions in Japan. A …

USD Partners confirms long-term renewals with ConocoPhillips Canada

America based USD Partners LP recently declared it has executed long-term renewals for Hardisty Terminal’s remaining capacity with ConocoPhillips Canada. USD Partners. Or the Partnership, has also carried out  multi-year extensions for 100% of Hardisty Terminal’s capacity. Moreover, USD Partners LP and Gibson Energy Inc. …

Accenture to buy Canberra’s local government consultancy Apis Group

Accenture, a renowned Ireland based multinational professional services company, reportedly announced to acquire Apis Group, a local government consultancy firm. Apis Group, headquartered in Canberra, has made a name for itself, having worked with some of Australia’s large federal public service organizations, providing project management, …

Aleafia Health unveils launch of medical cannabis white label services

Aleafia Health Inc., a company delivering cannabis health and wellness services and products, has reportedly finished production of its first white-label manufacturing of medical cannabis oils, which will be distributed across Australia. Sources cite that the medical cannabis oil was produced at the Aleafia’s Paris-based …