Day: July 1, 2021

$5.1 billion cash and stock transaction combines capabilities in lasers, optics, motion and process chemistry to enable next-generation advanced electronicsAccelerates interconnect solutions for customers to address increasing miniaturization demands that enables integration of chips to devicesRecurring consumables portfolio for leading edge devices$50 million in annualized cost synergies expected within 18 to 36 monthsTransaction expected to be accretive to Non-GAAP net earnings per share within the first yearANDOVER, Mass. and BERLIN, July 01, 2021 (GLOBE NEWSWIRE) — MKS Instruments, Inc. (NASDAQ: MKSI) (“MKS”), a global provider of technologies that enable advanced processes and improve productivity, and Atotech Limited (NYSE: ATC) (”Atotech”), a leading process chemicals technology company and a market leader in...

Key companies covered in high voltage cables market are Furukawa Electric Co., Ltd., General Cable, Prysmian Group, Dubai Cable Company – Ducab, Schneider Electric, Universal Cables Ltd, Riyadh Cables Group Company, ZTT, Nexans, NKT, ABB, Jiangnan Group Limited, Tratos, Brugg Cables, Synergy Cables and others Pune, India, July 01, 2021 (GLOBE NEWSWIRE) — The global high voltage cables market is expected to witness robust growth on account of increasing demand for power generation in order to supply electricity to the increasing population. For instance, a preferred supplier agreement or PSA was signed by NKT for the delivery of high voltage DC for both offshore and onshore locations. Here, NKT would act as the main contractor and export cable systems from the Doggerbank Creyke Beck A and B offshore wind farms. Fortune Business...

Key Companies Profiled in Bearings Market Are NSK Ltd, Nachi-Fujikoshi Corp, myonic GmbH, LYC Bearing Corporation, Luoyang Huigong Bearing Technology Co., Ltd., Koyo, ISB Industries, NTN Bearing Corporation, SKF, The Timken Company, THB Bearings. Pune, India, July 01, 2021 (GLOBE NEWSWIRE) — The growing demand for coated bearings from various applications is a key factor enabling growth of the bearings market, says Fortune Business Insights, in a report, titled “Bearings Market Size, Share & Industry Analysis, By Type (Ball Bearing, Roller Bearing), By Application (Automotive, Industrial Machinery, Aerospace, Others), and Regional Forecast, 2019-2026.” The global bearings market was valued at USD 39.46 billion in 2018 and is expected to reach USD 52.44 billion by 2026, exhibiting a CAGR of 3.6% during the forecast period (2019...

Sievi Capital Plc Press release 1 July 2021 at 10:25 am EEST Acquisition completed in line with the growth strategy of Logistikas On 22 June, Sievi Capital announced that its target company Logistikas Oy had signed an agreement to acquire the shares of Vaasa-based Piccolo Packing Oy and Piccolo Solutions Oy. The preconditions for completing the acquisition have now been met and the transaction enters into force today. Going forward, the acquired companies will be part of Logistikas Group. The seller Piccolo Group Oy became an owner of Logistikas in a directed share issue in connection with the transaction. As a result of the arrangement, Sievi Capital’s holding in Logistikas decreased to 65.9 per cent. SIEVI CAPITAL PLC FURTHER INFORMATION: CEO Päivi Marttila, tel. +358 400 285 358 DISTRIBUTION: Major mediawww.sievicapital.fi Sievi...

                  Assystem acquires a 99% stake in the Indian engineering company, STUP Consultants Private Limited (“STUP”) Paris-La Défense, 1 July 2021, 8.30 a.m. (CEST) – On 30 June 2021, Assystem S.A. (ISIN: FR0000074148 – ASY), a leading player in engineering, acquired 99% of the issued share capital of STUP*, in a transaction that was originally scheduled to close at the end of May 2021. As stated in the press release dated 8 March 2021 announcing the acquisition agreement signed between Assystem and STUP’s shareholders, STUP generates some €20 million in annual revenue and employs 1,100 people across India. It is one of India’s leading players in transportation infrastructure engineering (motorways, railway infrastructure, metropolitan networks and airport terminals). The price for the 99% stake is between €21 and €22 million,...

Worldline signs a strategic partnership with BNLin merchant acquiring in ItalyCreation of a joint venture with BNL banking group through the acquisition of 80% of Axepta Italy based on a € 220 million enterprise valueCommercial partnership aiming to leverage BNL’s banking network in order to distribute Worldline’s payment products and services to customers of the bank.Strategic opportunity to expand Worldline’s Merchant Services activities in the very promising Italian marketAxepta in Italy, a significant bank acquirer in the country, has strong positions with:c. 200 million acquiring transactions per year from c. 220,000 POS c. 30,000 merchants portfolio with more than 60% being SMBsHigh growth and synergies potential, by combining Axepta Italy existing presence with Worldline’ scale and best in class offeringsBezons,...

Top Players in the global Cryptocurrency Market are Microsoft Corporation, BitFury Group Limited, Advanced Micro Devices, Inc., Ripple Labs Inc., Intel Corporation, NVIDIA Corporation, Coinbase Ltd., AlphaPoint Corporation, Xilinx Inc., BitGo, and BTL Group Ltd Pune, India, July 01, 2021 (GLOBE NEWSWIRE) — The worldwide cryptocurrency market size is anticipated to arrive at USD 1,758.0 million by 2027, displaying a CAGR of 11.2% during the estimated time frame. Cryptocurrency is a system of virtual currency exchange that is aimed to eliminate financial intermediaries. The developing tendency of people in created nations towards virtual cash trade strategies will immensely affect the market during the gauge time frame. The joining of blockchain innovation in cryptographic money for quick, secure, and compelling exchanges will reinforce...