VALCOURT, QC, July 8, 2025 /PRNewswire/ - BRP Inc. (TSX: DOO) (NASDAQ: DOOO) today announced that it has entered into a definitive agreement whereby members of the Marcott family, owners of Bentley Pontoons, will be acquiring Manitou assets in Lansing, Michigan. This transaction comes on the heels of BRP's decision to sell its Marine businesses to double down on its core Powersports activities, enhancing its position for long-term success."Today marks another key step in our process to sell our Marine busin ...

PRESS RELEASE 30 June 2025 Copenhagen, Denmark Today, FLSmidth announces that it has entered into an agreement to divest its Air Pollution Control (APC) business to Rubicon Partners, a UK-based investment partnership focused on the acquisition of complex industrial businesses. The transaction is expected to close during the second half of 2025 and includes all related assets, including intellectual property, technology, employees and order backlog. The divestment of the APC business follows the recent anno ...

20 June 2025, 15:30 CET ArcelorMittal (“the company”) has today signed a sale and purchase agreement to sell its operations in Bosnia and Herzegovina. ArcelorMittal Zenica, an integrated steel plant, and ArcelorMittal Prijedor, an iron ore mining business which supplies the Zenica plant, will be sold to Pavgord Group. The company has made considerable investments and efforts to keep ArcelorMittal Zenica and ArcelorMittal Prijedor within the group. However, after a thorough strategic review, the company con ...

Core Insights - FLSmidth's Q1 2025 results exceeded expectations, leading to an upgraded financial guidance due to strong commercial performance and effective backlog management [2][15] Financial Performance - Group revenue decreased by 2% year-over-year to DKK 4,729 million, with service revenue increasing by 11% while products revenue decreased by 26% [12][23] - Mining revenue increased by 4% compared to Q1 2024, with service revenue rising by 14% driven by consumables and effective backlog management [10][23] - Cement revenue decreased by 15% compared to Q1 2024, with products revenue down by 37% due to portfolio pruning and divestments [11][23] - Adjusted EBITA margin for the group improved to 13.9% from 9.2% in Q1 2024, reflecting operational efficiency [12][23] Order Intake - Group order intake decreased by 12% compared to Q1 2024, with service order intake down by 4% and products order intake down by 27% [9][23] - Mining order intake decreased by 10%, while cement order intake fell by 18% [5][8][23] Business Segments - Mining Service revenue grew by 14%, with an Adjusted EBITA margin of 15.1% [6][10] - Cement business continues to face challenges, with an Adjusted EBITA margin of 9.5% and ongoing negotiations for potential divestment [6][14] Strategic Initiatives - The company is in exclusive negotiations for the potential sale of its Cement business to Pacific Avenue Capital Partners [2][14] - Continued focus on sustainability targets and operational efficiency is evident, with a commitment to reducing emissions by 2030 [24]

VANCOUVER, British Columbia, April 30, 2025 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (“Westport" or the "Company") (TSX:WPRT / Nasdaq:WPRT), has entered into lock-up agreements with certain of its shareholders, executives and board members representing an aggregate of approximately 2.0 million shares, or 11.4% of the currently issued and outstanding shares, to vote in favour of the special resolution approving the sale of Westport Fuel Systems Italia S.r.l. (the “Lock-Up Agreements”). "These Lock-Up A ...