ITALY > India based Roha acquires Italy based New Foods S.p.A

roha Roha is set to acquire New Foods Industry S.p.A in Verona, Italy to position themselves in the color sector with synergistic innovative ingredients as New Foods Industry is considered as an expert in dry ingredients for the food and beverage industry. Roha and New Foods merger makes sense because of their similar business philosophies and complementary business segments. According to More …

SAUDI ARABIA > British Billionaire Richard Branson to invest in tourism project in Saudi Arabia Red sea

saudi red sea Founder of Virgin group, Richard Branson becomes the first international investor to commit to Saudi Arabia’s Red Sea project that will transform a 200 kilometer stretch of Red Sea Coastline into a luxury destination. The stretch will feature hotels, residences and transport hubs. The initial investment for the project will be from Saudi Arabia’s sovereign wealth fund, The Public Investment More …

SCOTLAND > US based Pizza Hut invests £611,000 (US$ 820K) in its Edinburgh Pizza Hut Restaurants and creates 20 new jobs

pizzahut Investing £611,000 and creating 20 new jobs, Pizza hut is transforming the restaurants at North Bridge and Kinnaird Park into a more contemporary feel. In addition the new menu will also include chicken wings, Kentucky style BBQ ribs and new additions to their warm cookie dough. The center stage is still taken by Pizza Hut restaurants famous icons such as More …

NORWAY > France based Saint-Gobain finalizes acquisition of Glava

Saint Gobain logo After receiving permission from the Norwegian Competition Authority, Saint- Gobain has announced that it has been holding exclusive talks with the founding families and shareholders of Glava. Glava is one of the market leading companies in the insulation market in Norway and has reported sales of over  €140 million ($185.5 million) in 2016. Glava has two glass wool plants in More …

INDIA > Global Credit rating agency Experian has invested $30 million in financial products marketplace BankBazaar

Bankbazaar logo Experian joins investors such as Amazon, Sequoia, Eight Roads (Fidelity Growth Partners), and Walden International as investors investing $30 million in a Series D round led by Experian which brings the total funding to $110 million for BankBazaar. Experian and BankBazaar tied up earlier this year offering free credit scores to customers and according to CEO Adhil Shetty the new More …

SCOTLAND > Australia based Faraday Grid Limited has established its global headquarters in Edinburgh, Scotland

Faraday Grid Logo Australia based Faraday Grid has chosen Edinburgh as their international headquarters. The deal which is backed by the Scottish Development International, Faraday Grid aims to work closely with local universities in Edinburgh and Strathclyde. Faraday Grid Limited is a systems design company that is developing The Faraday Exchanger, a new technology to address short term volatility and frequency which is More …

SCOTLAND > China based Ctrip acquires Skyscanner, plans expansion and 200 new jobs in Scotland

Ctrip China based Ctrip is set to open a base in Scotland in early 2018 creating 200 new jobs over the next few years. The Chinese owner also bought Skyscanner, a Scotland- based travel search site, for £1.4 bn ($1.7 billion). However, the proposed call center will function separately than Skyscanner. Ctrip is one of largest online travel agencies of China More …

LITHUANIA > Japan based Yazaki expands its production capacity at Klaipėda, Lithuania

Yazaki logo For producing wire harnesses for Daimler (Mercedes-Benz), Yazaki is expanding its production capacity at Klaipėda, Lithuania employing 400 new employees both as production line workers and specialists such as engineering staff, technologists, electronic specialist, automation specialists and electrical engineers. The company also plans to provide qualifications and licences required for all new employees. The plant in Klaipėda produces wire harness More …