SCOTLAND > USA based Union Investment is set to acquire Edinburgh hotel complex for $55.9 million (€43.4m)

Union Investment USA based Union Investment is set to acquire two hotel properties in Edinburgh’s historic city center namely Premier Inn with 127 rooms and Hub by Premier Inn with 121 rooms for approximately $55.9 million (€43.4m GB) from the vendor MAS Real Estate. The properties are on a long- term lease to Whitbread, an experienced operator and the transaction is Union More …

LITHUANIA > Germany based Hella is set to open a new plant in Lithuania

Hella logo Hella is aiming to serve the rising demand for electronics component in the European market by opening a new plant in Kaunas Free Economic Zone in Lithuania. In the factory where currently 70 people are employed, Hella is focusing initially on lighting electronics which is later to be expanded to sensors, actuators and control units. The employees are expected to More …

SINGAPORE > China based LightInTheBox is set to acquire Singapore based EZbuy for $85.55 million

lightinthebox logo China based LightInTheBox is set to acquire Singapore based EZbuy for $85.55 million which is a cross border e-commerce platform. EZbuy was founded in 2010 and it curates products from China, Taiwan, the US, South Korea, Malaysia and Singapore. EZbuy serves more than 3 million customers from Singapore, Malaysia, Indonesia, Thailand and Pakistan. Some of the competitors of EZbuy are More …

FRANCE > Canada based Boralex is set to buy France based wind power company Kallista Energy Investment

Boralex logo Canada based Boralex is set to buy France based wind power company Kallista Energy Investment from Ardian Infrastructure in order to grow its operations in France. For a sum of $202 million and assuming project debt of $146.7 million, Boralex is set to acquire Kallista Energy Investment. Boralex will get 163 megawatts of wind power projects in operation, a 10-MW More …

ITALY > USA based Catalent Pharma Solutions is set to invest $7.3 million on its Aprilia, Italy facility

Catalent logo One of the leading global provider of advanced delivery technologies and development solutions for drugs, biologics and consumer health products, Catalent Pharma Solutions is set to invest $7.3 million to upgrade and expand its packaging and softgel encapsulation capabilities at its facility in Aprilia, Italy. The investment is divided in phases and in the first phase of the investment, the More …

CHINA > Swire Group’s shipping company, CNCo, is set to open its new China headquarters in Shanghai

Swire group logo A major global player in the shipping industry, China Navigation Company (CNCo), is a wholly owned subsidiary of the Swire Group. Although, CNCo was founded in Shanghai 147 years ago, it was later acquired by Swire Group and is now returning to its birthplace as a new China headquarters. CNCo operates in Australia, China, PNG, Fiji, India, New Zealand and More …

USA > Czech Republic based OKIN BPS is set to open USA headquarters in San Antonio investing nearly $23 million and creating 1,500 jobs

BPS logo After a two year site selection process, Czech based OKIN BPS opens its first office outside of Europe in San Antonio, USA. OKIN BPS is set to invest nearly $23 million and add 1,500 jobs. OKIN BPS had received an incentive of $6.6 million as a Texas Enterprise Fund grant. OKIN BPS is home to more than 30 businesses in More …

USA > China based Triangle Tyre Co. is set to open its first manufacturing plant in the USA investing $580 million

triangle logo Triangle Tire USA,  a subsidiary of China based Triangle Tyre Co, is set to break into the U.S. automotive industry facing off industry giants such as Goodyear, Michelin, Continental and Bridgestone which accounted for 72 percent of 2017 U.S. and Canadian original equipment tire sales, according to Modern Tire Dealer, a news magazine that covers the tire industry. Triangle is based More …