Topic
acquisition
Business Sainsbury's Agrees £120m Sale of Argos to Swift Partners to Focus on Core Food Business
Sainsbury's has agreed to sell Argos for £120m to Swift Partners, a newly created company that includes former Co-operative Group boss Richard Pennycook. The supermarket chain aims to focus on its core food business, while Argos will continue operating in Sainsbury's shops, selling Habitat products and offering Nectar points. The deal is expected to complete next February.
Logistics OceanPact Acquires Dock Brasil Ship Repair Yard Near Rio de Janeiro for $23.1M
OceanPact has acquired Dock Brasil, a ship repair yard near Rio de Janeiro, for $23.1 million. The deal strengthens OceanPact's capacity to serve the maritime support vessel industry, with completion expected by August 31. The acquisition follows a previous merger agreement with CBO, which will give the combined group a fleet of 73 vessels and annual revenues over $778 million.
Logistics Diana Drops Hostile Tender for Genco as Takeover Talks Stall, Keeps Higher Bid on Table
Diana Shipping has allowed its hostile tender offer for Genco Shipping & Trading to expire after insufficient shares were tendered, but the company is keeping its separate $27.34-per-share takeover proposal on the table. The tender, which offered $24.80 per share, saw 31.6% of Genco's outside stock tendered. Diana now seeks direct negotiations, while Genco disputes valuation claims and questions the stock component of the proposal.
Logistics DHL eCommerce to Acquire Baltic Parcel Carrier Venipak, Strengthening European Last-Mile Network
DHL eCommerce has agreed to acquire Lithuania-based Venipak Group, expanding its last-mile delivery network in the Baltic states. The deal adds Venipak's 800 parcel lockers, 25 logistics terminals, and capabilities in B2B and B2C delivery to DHL's global express network. It reflects ongoing consolidation in European last-mile delivery.
Business BasicBlock acquires TrueNorth to expand beyond freight factoring into AI dispatch
Freight factoring firm BasicBlock has acquired TrueNorth, an AI dispatcher and free loadboard platform, to expand services for independent carriers beyond financing. The deal, announced Monday, unites two transportation tech startups with a shared focus on truckers. Financial terms were not disclosed.
Business Axis AMC Acquires Rs 12,000 Crore PMS Business from Axis Securities, Adds 2,500 Investors
Axis Asset Management Company (Axis AMC) will acquire the portfolio management services (PMS) business of Axis Securities, adding over 2,500 investors and taking its PMS assets under management (AUM) to around Rs 15,000 crore. The deal is among the largest PMS transactions in India by investor count and strengthens Axis AMC's alternatives platform. Naveen Kulkarni has been appointed chief investment officer for PMS and listed equity alternates.
Logistics Aberdeen Group Takes 5% Stake in Malaysian Liner MTT Shipping and Logistics
London-listed asset manager Aberdeen Group has acquired a 5.075% stake in Malaysian liner operator MTT Shipping and Logistics, becoming one of its largest shareholders. The investment, valued at RM123.1 million ($30 million), follows MTT's recent listing on Bursa Malaysia and its order of two 3,300 TEU containerships for fleet expansion.
Business Segro Board Unanimously Backs Prologis' Increased $18.7 Billion Takeover Bid
Segro's board agreed to back Prologis' increased £14 billion ($18.7 billion) takeover bid, with a 9.5% increase over the initial offer and a 47% premium to Segro's three-month weighted average share price. The UK Takeover Panel extended the deadline to August 12. The deal highlights growing consolidation in logistics real estate.
Logistics Alaska Air to Acquire 4 Cargo Jets, Base Some in Hawaii to Boost Freighter Fleet
Alaska Airlines will add four leased Boeing 737-800 converted freighters by first half 2027, effectively doubling its freighter capacity and enabling dedicated cargo operations in Hawaii. The news comes as the carrier reported $163M in Q2 cargo revenue, up 17% YoY.
Logistics Seamec strengthens offshore fleet with $70m diving support vessel buy
Indian offshore vessel operator Seamec has signed a definitive agreement to purchase the diving support vessel (DSV) Seamec Anant from its parent company HAL Offshore for $70 million. The vessel, built in 2023, will be chartered back to HAL Offshore at a $45,000 dayrate after delivery around August 31. Separately, Seamec's board approved the sale of the bulk carrier Seamec Gallant for $9.5 million.
Logistics NYK Completes Full Acquisition of Saga Welco from Westfal-Larsen Strengthening Dry Bulk
Japanese shipping major NYK has completed the full acquisition of Norwegian open-hatch operator Saga Welco by buying out Westfal-Larsen's 50% stake. The deal closed on July 20, 2026, with financial terms undisclosed. Saga Welco operates 48 vessels and 120 employees, specializing in semi-liner services for pulp, forest products, and project cargoes.
Logistics Miner Paragon seals $50m move into Indonesian shipping with DPAL acquisition
Jakarta-listed mining and energy support company Paragon Karya Perkasa has completed a Rp890bn ($50m) takeover of PT Deli Pratama Angkutan Laut (DPAL), gaining a controlling stake in a domestic coal shipping platform with 34 vessels. The acquisition is part of a restructuring driven by changes to Indonesia's shipping laws, aimed at placing DPAL under an Indonesian operating platform without foreign ownership restrictions.
Business Segro Rejects Enhanced $18.2B Prologis Takeover Bid, Third Offer Rebuffed
Segro has rejected Prologis' third and enhanced takeover bid valued at £13.5 billion ($18.2 billion), representing a 6% increase over the initial all-stock proposal. The offer includes a 20% cash component and a 41% premium to Segro's three-month weighted average share price. Segro called the bid opportunistically timed, while Prologis argued its proposal provides superior value and access to a larger logistics network.
Business Uber to Acquire Delivery Hero in $14.8 Billion Deal, Creating Largest Food-Delivery Group Outside China
Uber agreed to acquire Delivery Hero at an equity value of $14.8 billion, creating the largest food-delivery group outside China. The deal, conditioned on a 50% plus one share acceptance threshold, is expected to close in the second half of next year and positions Uber to better compete with Just Eat and DoorDash.
Business TVS Arm Home Credit India to Acquire Education Loan Specialist Varthana Finance for Rs 967 Crore
Home Credit India Finance, a subsidiary of TVS Holdings, signed a share purchase agreement to acquire Varthana Finance, an education loan specialist, for Rs 967 crore in an all-cash deal. The acquisition aims to diversify Home Credit's portfolio, improve business mix, and create synergies in distribution, technology, and risk management. The transaction is subject to regulatory approvals and is expected to close within nine months.
Logistics BulkLoads expands ag freight footprint with Livestock Network acquisition
BulkLoads acquires Livestock Network, an online load board for livestock transportation. The deal unites two long-established freight communities and gives livestock haulers access to BulkLoads' ecosystem including freight factoring, insurance, and TMS. Financial terms were not disclosed.
Logistics ADNOC L&S Bulker Spending Nears $74m with Fourth Secondhand Vessel Acquisition
ADNOC Logistics & Services has acquired its fourth secondhand bulk carrier, pushing its total bulker spending to nearly $74 million. The latest purchase is the 61,500 dwt ultramax Aliya, built in 2011 by Shin Kasado Dock. The acquisitions have expanded ADNOC L&S's medium-sized bulker fleet to 12 vessels, comprising four ultramaxes, five supramaxes, and three handysize ships.
Logistics Ovkianvance Port acquires vintage non-sanctioned VLCC Takai in muted S&P market
Tanker sale and purchase activity remains subdued this month. Hong Kong-based Ovkianvance Port has acquired the 299,000 dwt VLCC Eclat, now renamed Takai, for an estimated $52 million. The vintage non-sanctioned vessel, built in 2004, is now trading under the Sierra Leone flag.
Business Raymond in talks to acquire German aerospace engineering firm Deharde
Raymond is in discussions to acquire Deharde, a German precision engineering company that supplies aerostructures to Airbus and other OEMs. If completed, the deal would be Raymond's first overseas acquisition since its 2024 restructuring and would expand its aerospace manufacturing footprint, adding a European certified supplier relationship.
Business Volkswagen sells majority stake in Everllence to Bain Capital in €7.4bn deal
Volkswagen has agreed to sell a 75% stake in German engine manufacturer Everllence to private equity firm Bain Capital in a deal valuing the business at €7.4bn ($8.4bn). Volkswagen will retain a 25% minority holding. The transaction is subject to regulatory approvals and expected to close later this year. Everllence, formerly MAN Energy Solutions, supplies marine engines and has growing businesses in carbon capture and industrial decarbonisation.
Business Snap-on Acquires Diesel Laptops for $100 Million in Cash, Expanding Heavy-Duty Truck Diagnostics
Snap-on Incorporated acquired Diesel Laptops for $100 million in cash, closing on June 8, 2026, according to FreightWaves. The acquisition expands Snap-on's diagnostic capabilities into heavy-duty trucks and equipment, integrating Diesel Laptops into its Repair Systems & Information Group. The deal underscores the growing importance of advanced diagnostics in commercial vehicle repair.
Business Bureau Veritas Agrees Sale of Fuel Testing Division to Triton Partners for €470M
Investment fund Triton Partners has entered exclusive negotiations to acquire Bureau Veritas' fuel testing and inspection services business, BVF, for an enterprise value of €470 million. The transaction, expected to close in Q1 2027, would transfer a global network of 320 sites across 45 countries and 7,400 professionals to Triton.
Prologis Presses Segro After $16.6B Offer Rejected, Touts Strategic Benefits
Prologis has intensified its pursuit of Segro after the London-based logistics warehouse operator rejected a £12.6 billion ($16.6 billion) all-stock takeover bid. Prologis outlined a strategic thesis including access to its larger network and balance sheet, while Segro called the offer 'inadequate, opportunistic and one-sided.' Shares of Prologis fell 2.2%, while Segro rose 7.8%.
Business Alcoa Acquires South32's Aluminium Assets in $4.1 Billion Upfront Deal
Alcoa has agreed to acquire South32's bauxite, alumina, and aluminium assets in Australia, Brazil, and South Africa for $4.1bn upfront, with potential contingent payments of up to $750m. The deal, valued at up to $5.6bn enterprise value including assumed debt, will boost Alcoa's pro forma production and deliver $900m in synergies. South32 will reshape its portfolio toward base metals, with 85% of pro forma EBITDA coming from base and precious metals post-completion. The transaction is expected to close in H1 2027.
Business Eldorado Drilling Completes $257M Acquisition of Vantage Drilling
Eldorado Drilling has completed its $257m acquisition of Vantage Drilling, creating a combined fleet of five rigs. Vantage will become an indirect subsidiary and delist from the Oslo stock exchange. The deal is funded by $125m in equity from Eldorado's principal shareholder.
Business AP Moller Holding Acquires Norwegian Shipleasing Specialist Ocean Yield from KKR
AP Moller Holding has agreed to acquire Ocean Yield from KKR, adding a Norwegian shipleasing platform with over 70 vessels and a contracted backlog exceeding $5 billion. The deal, which requires regulatory approvals, expands the Danish group's maritime portfolio following recent acquisitions of Maersk Supply Service, Maersk Tankers, and Svitzer. No purchase price was disclosed.
Business Sky to Acquire ITV's Broadcast Arm in Landmark UK Media Takeover
Sky, the pay-TV and broadband company owned by Comcast, is expected to buy ITV's television and streaming channels, including ITVX, in one of the largest takeovers in British media history. The deal will create a new American-owned British media company, with ITV's production arm, ITV Studios, remaining as a separate publicly traded entity. Key ITV shows will remain free-to-air until at least 2034 due to public service broadcasting obligations.
Business EasyJet Reaches Agreement in Principle with Castlelake Over £5.2bn Takeover Bid
EasyJet has reached an agreement in principle with US investment firm Castlelake over a takeover offer worth approximately £5.2 billion, at £6.90 per share. The board said it would be minded to recommend the offer if a firm bid is made, but Castlelake must secure regulatory clearances, including compliance with EU ownership rules, by 3 August.
Business ITV Agrees £1.6bn Sale of Media and Entertainment Arm to Sky
ITV is selling its media and entertainment divisions, including broadcast channels and ITVX streaming service, to Sky for £1.6bn. The deal, one of the largest in British media history, excludes ITV's studio arm and is backed by Comcast, which owns Sky. Sky CEO Dana Strong called it a 'defining moment for British media'.
Business Prestige Estates acquires 50% stake in Rs 4,500 crore Mumbai commercial project
Prestige Estates Projects Ltd has acquired a 50% stake in Advent Convention and Hotels International Ltd for Rs 504 crore to co-develop a Rs 4,500 crore commercial project in Mumbai. The project in Andheri East will have 1.50 million sq ft of leasable area. The company also reported a two-fold increase in net profit to Rs 1,195.5 crore for FY2025-26.
Business Argosy Private Equity Acquires Controlling Interest in Asset-Light 3PL K&L Freight Management
Argosy Private Equity announced Monday the acquisition of a controlling interest in K&L Freight Management, an asset-light third-party logistics provider. Financial terms were not disclosed. K&L will continue to be led by its management team, which also reinvested in the transaction.
Logistics Heidmar Maritime acquires Dutch ship manager Q-Shipping to expand technical platform
Athens-based Heidmar Maritime has acquired Dutch shipmanagement and crewing company Q-Shipping for about $200,000. The deal adds nine vessels to Heidmar's managed fleet and gives it operational presence in the Netherlands, Turkey, and Ukraine. Heidmar now manages about 50 vessels commercially and 16 technically.
Logistics Descartes Acquires Last-Mile Tech Provider Drivin for $30 Million
Descartes Systems Group has acquired Latin American last-mile logistics technology provider Drivin for $30 million. Drivin's platform uses machine learning and agentic AI for routing, dispatching, and real-time visibility, and has been widely adopted in high-density urban areas. The deal expands Descartes' fleet performance management offering and its presence in Latin America.
Commodities TotalEnergies Sells 85% Stake in Malaysia Block 2E to Inpex for $350 Million
TotalEnergies has sold its 85% interest in Block 2E offshore Malaysia, representing a net 8.5% stake in the Marjoram gas field, to Inpex for $350 million. The deal aligns with TotalEnergies' strategy to monetize non-operated assets and prioritize low-cost, low-emission growth projects. The Marjoram field, operated by Shell and expected to start production in 2026, is part of a $10 billion development.
Logistics Ceva Logistics to Acquire European Final-Mile Courier Paack, Boosting Last-Mile Network
Ceva Logistics has agreed to acquire Paack's operating units in France, Spain and Portugal, integrating them into its European last-mile subsidiary Colis Privé. The move expands Colis Privé's domestic network in France and into the Iberian Peninsula, adding Paack's technology platform and cold chain capabilities. The transaction, subject to regulatory approval, would boost Colis Privé's revenue over $626.5 million.
Logistics CMA CGM Acquires FedEx Supply Chain in $1.4 Billion Deal to Expand US Logistics
CMA CGM has agreed to acquire FedEx Supply Chain for $1.4 billion, folding it into its CEVA Logistics arm. The deal nearly triples CEVA's North American contract logistics footprint, adding 10,000 employees and 150 warehouses. CMA CGM will also become a preferred ocean carrier for FedEx under multi-year agreements covering ocean and air freight.
Logistics FedEx sells supply chain unit to CMA CGM for $1.4B, expanding CEVA's North American logistics footprint
CMA CGM Group agrees to acquire FedEx Supply Chain from FedEx Corp. for $1.4 billion in enterprise value, nearly tripling the North American contract logistics footprint of its subsidiary CEVA Logistics. The deal includes multi-year commercial agreements for air and ocean freight services and positions CMA CGM as a preferred ocean carrier for FedEx.
Finance Deutsche Bank Sells India Retail and Wealth Business to Kotak Mahindra Bank for Rs 282 Crore
Kotak Mahindra Bank acquires Deutsche Bank's India retail, private banking and wealth business for Rs 282 crore in a slump sale. The deal transfers Rs 29,000 crore in loans, Rs 16,000 crore in deposits and Rs 10,500 crore in assets under management, along with 150,000 customers and around 1,000 employees. Deutsche Bank's divestiture aligns with its Global Hausbank strategy to concentrate on corporate and investment banking.
Logistics MSC Pays $1.4bn for 49% Stake in Adani's Vizhinjam Port, Deepens India Bet
Mediterranean Shipping Company (MSC) is acquiring a 49% stake in Adani Ports' Vizhinjam transhipment terminal for $1.4bn through its terminal arm Terminal Investment Limited (TiL). The deal values the Kerala port at approximately $2.85bn and represents the largest foreign private investment in Indian port infrastructure. Adani will retain a controlling 51% stake. The investment will fund expansion of the terminal's capacity from 1.6m TEU to 5.7m TEU by end of 2028.
Supply Chain Trimble TMS for Shippers Grows Directly from Transporeon Acquisition, Offering Modular AI-Integrated Platform
Trimble's new TMS for Shippers, built from its 2022 acquisition of Transporeon, offers a modular, AI-integrated transportation management system. The product can integrate with existing TMS systems and is designed for U.S. shippers, with optional features like freight procurement and rate management.
Logistics MPCC expands into larger vessel segment with $340m acquisition of four 7,000 TEU boxships
Oslo-listed tonnage provider MPC Container Ships (MPCC) has agreed to buy four 7,000 TEU containerships for $340 million, marking a step up in vessel size for the company. The 2023- and 2024-built ships will each have a three-year fixed-rate charter to a top-five liner, generating $180 million in revenue. The deal is financed partly via a new $375 million loan facility.
Trade Why ONGC Is Eyeing Two Oilfields in Venezuela; Seeks US Approval for PDVSA Acquisition
ONGC is in discussions with Venezuela's PDVSA to acquire stakes in two oilfields, subject to US sanctions approval. The Indian state-owned company seeks operational control to boost production and recover $500 million in dividends.
Technology Qualcomm Acquires AI Chip Software Startup Modular for Nearly $4 Billion
Qualcomm announced the acquisition of chip startup Modular for nearly $4 billion in stock, including $300 million for employees. The deal brings Modular's software platform that lets AI code run on different chips, and signals Qualcomm's push into data center AI. Modular was founded by Chris Lattner and Tim Davis, and raised $250 million nine months ago.
Commodities ADES Deepens Saudi Presence with $285M Acquisition of Saipem’s Drilling Subsidiary
ADES has agreed to acquire Saipem's Saudi Arabian subsidiary for $285 million, adding five premium jackup rigs. The deal strengthens ADES' position in Saudi Arabia and marks its entry into Mexico, increasing its fleet to 88 offshore units and adding approximately $1 billion to its backlog.
Logistics AD Ports Tightens Grip on Global Feeder Shipping After Acquiring Additional 30% Stake for $300M
AD Ports Group has increased its stake in Dubai-based Global Feeder Shipping (GFS) to 81% after acquiring an additional 30% stake for AED1.1bn ($300m). The transaction, which exercises a call option from an earlier agreement, values GFS at AED3.67bn ($1bn). GFS carried 2.8m TEU in 2025 and operates services connecting the Gulf with the Indian Subcontinent, Red Sea, Far East, Mediterranean and Africa.
EasyJet Rejects £4.74bn Castlelake Takeover Bid, Calls Offer 'Highly Opportunistic'
EasyJet has rejected a £4.74bn takeover offer from US investment firm Castlelake, accusing it of trying to buy the airline 'on the cheap'. Castlelake, which already holds a 2.14% stake, has until Friday to make a firm offer or walk away. The bid includes a partnership with two EU nationals to comply with ownership regulations.
Logistics Wintermar Offshore Marine Group acquires Fast Offshore Supply to expand CTV fleet and newbuilding capabilities
Wintermar Offshore Marine Group has taken full ownership of Fast Offshore Supply and its Indonesian subsidiary, expanding into crew transfer vessels. The acquisition adds 10 new CTVs under long-term charter and shipbuilding contracts with Shell, increasing Wintermar's fleet from 12 to 22 units and lowering average fleet age from 16 to 14 years.
Business Meta Invests $900 Million in Cred, Elevates Founder Kunal Shah to Lead WhatsApp Globally
Meta Platforms is investing $900 million in fintech Cred, valuing it at $4.5 billion, and elevating founder Kunal Shah to lead WhatsApp globally. Shah will succeed Will Cathcart, relocating to California, while Miten Sampat becomes interim Cred CEO. The deal underscores Meta's push to monetize WhatsApp in India through payments and business messaging.
Business Skyborn Renewables Sells 25% Stake in German Baltic Sea Wind Farm Gennaker
Skyborn Renewables, a BlackRock-owned offshore wind developer, has agreed to sell a 25% stake in the Gennaker wind farm in the German Baltic Sea to Stadtwerke München. The 976.5 MW project, once completed, will be the largest offshore wind farm in the German Baltic Sea and is expected to power approximately 1 million homes annually. The transaction is subject to regulatory approvals and construction financing closing, targeted for Q3 2026.
Business Vantage Drilling Merger with Eldorado Clears Shareholder Vote, Transaction Valued at $257.6M
Shareholders of offshore drilling contractor Vantage Drilling approved the proposed merger with Neil Hall-led Eldorado Drilling during a special general meeting. Under the terms, Vantage will become a wholly owned subsidiary of Eldorado, with Vantage shareholders receiving $19 per share in cash, representing an equity value of approximately $257.6 million. The transaction is funded by $125 million in equity commitments from Eldorado's principal shareholder. Completion remains subject to certain conditions.
Logistics After a five-year wait, C.H. Robinson makes a broker acquisition
C.H. Robinson announced the acquisition of DeSpir Logistics, an Illinois-based specialized secure transportation provider, for $75 million. The deal expands C.H. Robinson's capabilities in high-value, mission-critical freight services, following a five-year hiatus in brokerage acquisitions. The company's CEO Dave Bozeman had hinted at an upcoming acquisition at a recent investor conference.
Logistics Castor Maritime Returns to Bulker Buying with $37.5m Deal for Modern Eco Kamsarmax
Cyprus-based Castor Maritime has agreed to purchase a 2023-built eco kamsarmax bulker for $37.5m, according to Splash247. The unnamed vessel will become the youngest in the fleet, which will grow to 10 ships. The deal underscores Castor's ongoing fleet modernization and diversification, following earlier acquisitions and a stake in asset manager MPC Münchmeyer Petersen Capital.
Logistics Norebo Expands Shipping Arm with Dalreefer Takeover, Bolstering Russian Reefer Capacity
Russian seafood group Norebo has acquired Far East-based reefer operator Dalreefer, adding five vessels to its logistics arm. The deal strengthens Norebo's vertical integration in cold-chain shipping for frozen fish exports from Russia's Pacific grounds, as Russian seafood producers seek greater logistics control amid sanctions.
Business Wipro raises Aggne stake to 80% with $2.1 million investment to strengthen insurance technology business
Wipro has raised its ownership stake in insurance technology company Aggne to 80%, investing $2.1 million in the process. The acquisition deepens Wipro's presence in the insurance tech sector.
Logistics RBW Logistics expands national footprint with acquisition of World Group's warehousing unit
RBW Logistics acquired World Group's warehousing business, including World Distribution Services and Pacific Cascade Distribution. The deal adds facilities in Sumner, Washington; Norfolk, Virginia; and Columbus, Ohio, while expanding capacity at its Savannah, Georgia campus. Financial terms were not disclosed.
Logistics Diana Shipping sweetens Genco bid again with cash-and-stock offer valuing target at $27.34 per share
Greek dry bulk owner Diana Shipping has increased its takeover proposal for US-listed rival Genco Shipping & Trading for a fourth time, adding a stock component and valuing Genco at $27.34 per share. The cash-and-stock offer includes $24.80 per share in cash plus one Diana share valued at $2.54. Diana CEO Semiramis Paliou stated the proposal provides a meaningful premium and immediate cash value while creating one of the largest publicly listed dry bulk operators.
Business Yum! Brands to Sell Pizza Hut Chain for $2.7 Billion in Two-Part Deal
Yum! Brands announced the sale of its struggling Pizza Hut chain for $2.7bn. Private equity firm LongRange Capital will acquire the brand outside mainland China for $1.5bn, while Yum China Holdings will buy the mainland China operations for $1.2bn. The transactions are expected to close in the third quarter of 2026, subject to regulatory approvals, as Yum! Brands focuses on its remaining core brands KFC and Taco Bell.
Logistics CMA CGM Moves to Acquire Aircraft Maintenance Specialist Crystal Aero Solutions
CMA CGM has signed a preliminary agreement to acquire Crystal Aero Solutions, a French aircraft maintenance company that supports its freighter fleet. The acquisition aims to strengthen CMA CGM's air cargo operations, with Crystal continuing as an independent provider. Financial terms were not disclosed.
Technology Spacex Acquires AI Coding Startup Cursor For $60bn Days After Bumper IPO
Elon Musk's SpaceX agreed to buy AI coding startup Cursor for $60bn days after Cursor's IPO. The deal, announced in April as an option, will close by September. Cursor's technology automates code generation and is used by Stripe, Adobe, and Nvidia. SpaceX aims to combine Cursor's product with its Colossus supercomputer to build leading AI models.
Business Historic Cammell Laird Name Set to Disappear After Balaena Takeover of APCL Group
Balaena's acquisition of APCL Group will see the historic Cammell Laird shipyard renamed Balaena Birkenhead, ending a nearly 200-year-old brand. The deal merges five shipyards and 12 dry docks across the UK and Gibraltar.