Sunday, September 25, 2022

ShopFully buys competitor Tiendeo to bolster its Drive to Store offering

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ShopFully and Tiendeo, two of Europe’s innovative tech firms in the Drive to Store sector, announced a deal that has created a global player to further reinvent local shopping. ShopFully has acquired 100% of Tiendeo, a Spanish firm specialising in digitisation of brochures, to create a combined group with teams in 12 countries, a network of 45 million active users, and over 400 partners among the major retailers and top brands globally.

Avanci appoints intellectual property expert to lead its new IoT programs

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Avanci announced that Marianne Frydenlund, a leader in intellectual property licensing, has joined Avanci to lead new programs for the IoT beyond the automotive industry. Avanci was founded in 2016 with a vision of transforming how patent licensing is done in the IoT era. The Avanci program for connected vehicles now has 42 auto brands licensed to the 4G, 3G and 2G essential patents of 49 licensors, with more than 65 million licensed vehicles - around half of connected car shipments to date.

Starr Insurance Companies reaches agreement to acquire FPG Thailand

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Starr Insurance Companies (Starr) announced an agreement with FPG Insurance Holdings Limited (HK) (FPG) and local Thai shareholders to purchase FPG Insurance Public Company Limited (FPG Thailand), a Thai non-life insurance company, together with local Thai parties. Starr’s investment will be held by its Bermuda insurance company, Starr Insurance & Reinsurance Limited. The deal is expected to close in the second quarter of 2022, subject to certain customary closing conditions, including any necessary regulatory approvals.

Aussie startup Loopit expands global footprint, exporting its tech to the UK

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Loopit, has launched in the United Kingdom. The announcement marks Loopit’s second international location, and will see the company’s award-winning technology exported to the UK automotive sector to open new opportunities in the fast-growing car subscription space. Loopit’s cloud-based end-to-end software solution allows car dealerships, car brands and other companies to offer car subscriptions through a recurring revenue business model. 

Australian biotech firm CSL completes the acquisition of Vifor Pharma AG

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CSL Limited is pleased to announce it has now received all necessary regulatory clearances for the acquisition of Vifor Pharma AG (Vifor) initially announced on 14 December 2021. CSL has set the settlement date of the public tender offer for Vifor for 9 August 2022. If the offer conditions that remain in effect until the settlement remain fulfilled until that date, shareholders who accepted the offer will receive the offer price for each share tendered into the offer on the settlement date, subject to the terms of the offer. CSL anticipates that it will hold more than 97% of Vifor Pharma AG shares upon the settlement of the offer and intends to have Vifor apply for the delisting of the Vifor Pharma AG Shares after the settlement.

Schneider Electric and Claroty launch Cybersecure Remote Connection

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Schneider Electric, the digital transformation of energy management and automation firm, announced its offering of Connected Services thanks to the Cybersecure Remote Connection in cohort with Claroty, the company for cyber-physical systems across industrial, healthcare, and commercial environments. Maintaining cybersecurity for physical assets is a critical issue.

VNX launches the first European regulated gold-backed token

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VNX, a European regulated platform for investment into tokenized precious metals, launches its platform for efficient management of precious metal transactions with digital tokens. The first tokenized precious metal on the platform is VNX Gold, based on Ethereum, representing an ownership stake in a physical gold bullion certified by the London Bullion Market Association (LBMA). A unique serial number stamped on each gold bar links it with the respective VNX Gold tokens, which are available on the VNX platform under the ticker VNXAU.

Innovative edtech HEX launches first international program in two years

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Following a two-year hiatus of international travel and study programs, edtech company HEX has launched its first global immersive program for startup founders and students since the pandemic, designed to guide new and early-stage ideas to make them a reality. The two-week hands-on program called Endeavour Singapore – from 2-16 July – will take place in the emerging Asian startup hub of Singapore, which has overtaken Silicon Valley as the number one place for startup talent and is home to over 3800 tech-enabled startups.

Kioxia completes the acquisition of Chubu Toshiba Engineering Corp

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Kioxia Holdings Corporation, a player in memory solutions, announced that it completed the acquisition of Chubu Toshiba Engineering Corporation. The firm entered into a share purchase agreement with Toshiba Digital Solutions Corporation (Toshiba's subsidiary) on Feb 24, 2022, in connection with the acquisition to strengthen Kioxia Group’s tech development capabilities.

Preqin forecasts Asia-Pacific private capital AUM to reach $2.25tn in 2026

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Preqin, the global leader in alternative assets data, tools, and insights, published its 2022 Alternatives in APAC Report. The report shows some of the key investment opportunities that the region presents as well as some of the challenges faced in the market.