EPC Power Corp., a North American supplier of high-performance, utility-scale, smart inverters, announced the Sustainable Investing business within Goldman Sachs Asset Management and Cleanhill Partners have acquired a majority stake in its company. The strategic investment, along with a comprehensive recapitalization, positions EPC Power Corporation to expand and deliver against rapid growth in the renewable energy storage markets while helping facilitate the United States economy’s clean energy transition.
Ofload announced the acquisition of Melbourne freight specialist CIA Logistics, marking the start of an ambitious growth strategy aimed at expanding its offering and national footprint. Ofload’s first acquisition has increased the start-up’s headcount to over 120 employees across Sydney, Melbourne and Brisbane, with CIA Logistics’ Founder and Director Tony Couttie stepping into a General Manager position at Ofload. A phased, post-merger integration and growth strategy is underway, during which the CIA Logistics brand will be retained as its operations, sales and finance teams continue to report to Couttie.
AMCS, the supplier of integrated software and vehicle technology for the environmental, recycling, and resources industries, has acquired Utility Cloud, a top U.S.-based utility operations management platform for an undisclosed amount. This acquisition expands AMCS’ strategy to bring tech to utility customers to help them sustainably manage resources, increase productivity, and enhance their bottom line while improving customer satisfaction.
Bright Data, the web data platform, has announced the acquisition of eCommerce insights provider Market Beyond. With this acquisition, Bright Data adds digital shelf analytics to its already comprehensive data offerings, introducing its new division – Bright Insights. Market Beyond’s team will join Bright Data’s 400+ strong team, where they will lead the newly established Bright Insights division. This dedicated team will roll out Bright Insights to the firm’s enterprise retail client base with plans to expand in the future to further domains.
Algolia, the API-First Search & Discovery Platform, announced the acquisition of Search.io, whose flagship product is Neuralsearch™ – a vector search engine that uses hashing technology on top of vectors to provide unprecedented price performance at scale. Algolia will combine its market leading keyword search and Search.io’s Neuralsearch into a single API.
EIG, an investor in energy and infrastructure, announced it has entered into a definitive agreement with Repsol S.A. (Repsol) to acquire a 25% stake in Repsol Upstream, an exploration & production (E&P) firm comprising Repsol’s entire upstream oil and gas business. The deal delivers upfront capital to Repsol to increase its investment in the energy transition, and support the growth of Repsol’s renewable power generation, fuels, and circular products.
Hexagon AB, a provider of digital reality solutions combining sensor, software and autonomous tech, announced the acquisition of iConstruct Pty Ltd, a provider of award-winning Building Information Modelling (BIM) software used in commercial, infrastructure and industrial construction. Its flagship solution, iConstruct Pro, is a proven construction automation tool with hundreds of global customers that have relied on its benefits for years.
TELUS Corporation has completed of the acquisition of LifeWorks Inc. (LifeWorks), a provider digital and in-person solutions that support the total wellbeing of individuals – mental, physical, financial and social, solidifying TELUS Health as one of the largest firms providing digital-first health and wellness solutions that empower individuals to live their healthiest lives.
Smartsheet, the enterprise platform for dynamic work, has acquired brand management, templating and creative automation platform, Outfit, deepening the firm’s investment into its industry-leading digital asset management (DAM) offering, Brandfolder by Smartsheet. Smartsheet plans to integrate Outfit’s design automation and templating capabilities into Brandfolder so existing and clients can realize ever greater value from a more powerful DAM and content automation experience. As its fifth acquisition in 4 years, following Converse.AI, Slope, 10,000ft and Brandfolder, this investment represents Smartsheet’s latest step towards cementing its position as the collaborative work management platform of choice.
People2.0, the global employer of record (EOR) and agent of record (AOR) services platform, announced today that it has acquired Husys, an India-based end-to-end HR consulting and EOR services provider. The transaction marks People2.0’s fifth acquisition in the past year as it continues to expand its footprint and suite of employer of record (EOR) and AOR services.