UK > Canada based Stars Group acquires UK based Sky Betting and Games for $4.7 billion  

stars group logo Owners of PokerStars, Stars Group acquires UK based Sky Betting and Gaming from CVC for $4.7 billion to position itself for potential U.S. market opening. The acquisition turns the online poker giant into a major sports betting player with a strong foothold in Europe to U.S. if the market fully opens. The cash and stock deal was made with CVC More …

UK > Canada based Optimal Payments Plc. is set to acquire London based Skrill for €1.1 billion (US$1.3 billion)

Optimal Payments logo A global provider of online and mobile payment processing services, Optimal Payments Plc., is set to acquire Skrill Group. Skrill Group is a subsidiary CVC Funds and other shareholder and Optimal is set to acquire Skrill for approximately €1.1 billion (US$ 1.3 billion). Skrill is one of the leading digital payment of Europe business that provide digital wallet solutions and More …

NORWAY > The Netherlands based Bitfury is set to invest $35 million in new energy- efficient data center in Norway and creating 30 new local jobs

Bitfury logo Bitfury Group is set to expand into Norway with the opening of an energy efficient data center investing about  274 million NOK (35 million USD) in the data center’s infrastructure and expects the center to create approximately 30 local jobs. Two physical sites in Mo Industrial Park in the town of Mo i Rana is planned by the data center. More …

LUXEMBOURG > Australia based Macquarie Group investment management division, Macquarie Investment Management, is set to acquire Luxembourg based ValueInvest Asset Management S.A

Macquarie logo Macquarie Investment Management is set to acquire ValueInvest Asset Management. A specialized asset management business that pursues a unique value- oriented investment strategy, ValueInvest invests across the globe and in Japanese equities. ValueInvest is headquartered in Grand Duchy of Luxembourg and has around €4 billion ($4.94 billion) in assets under management as of 31 December 2017. Although the terms of More …

CANADA > USA based Huntsman Corporation is set to acquire Canada’s Demilec Inc.

huntsman logo One of North America’s leading manufacturers and distributors of spray polyurethane foam (SPF) insulation systems for residential and commercial applications, Demilec Inc. is set to be acquired by USA based Huntsman Corporation. Having annual revenue of approximately $170 million and two manufacturing facilities located in Arlington, Texas and Boisbriand, Quebec, Demilec Inc. produces a full suite of MDI based SPF More …

SLOVAKIA > US based Magna Mirror has relocated its existing manufacturing factory in Nove mesto nad Vahom to a larger facility investing additional $30 million

Magna logo Due to business growth, Magna Mirror has relocated to a larger facility investing $30 million and creating additional 150 new jobs. The new investment will go primarily to refurbish the building and install a new automated paint line. Almost twice the size of the existing facility, the new factory will be 27820 square meters. Magna is already serving its customers More …

USA > Sweden based IKEA Group acquires its first U.S. forest property of approximately 25000 acres in Alabama, U.S

Ikea logo Acquiring its first U.S forest property, IKEA Group invests in forestry as a party of a broader strategy to invest in the sustainable production of resources that IKEA Group consumes. This new 25,000 acres in Lowndes County, Alabama in addition to the 25,0000 acres  forest land located in Romania and the Baltic States. According to Krister Mattsson, Head of Financial More …