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AZZ Inc. Announces the Acquisition of Canton Galvanizing, LLC
Prnewswire· 2025-07-01 10:30
Core Insights - AZZ Inc. has announced the acquisition of Canton Galvanizing, LLC, enhancing its hot-dip galvanizing capabilities in the Midwest [1][2] - The acquisition is expected to be accretive to earnings within the first year and will increase AZZ's galvanizing network to 42 sites across North America [1][2] Company Overview - AZZ Inc. is a leading independent provider of hot-dip galvanizing and coil coating solutions, serving a wide range of end-markets [4] - The company focuses on providing sustainable metal coating solutions that enhance the longevity and appearance of essential infrastructure and products [4] Canton Galvanizing Overview - Canton Galvanizing, founded in 2019, specializes in hot-dip galvanizing for small to mid-size parts and is known for its quick turnaround times and excellent customer service [3]
Teleflex Completes Acquisition of BIOTRONIK's Vascular Intervention Business
Globenewswire· 2025-07-01 10:30
Core Viewpoint - Teleflex Incorporated has successfully completed the acquisition of substantially all of the Vascular Intervention business from BIOTRONIK SE & Co. KG, enhancing its portfolio and global presence in the cath lab and peripheral intervention market [1][3][5]. Acquisition Details - The acquisition was finalized for a cash payment of €760 million, subject to certain adjustments [2]. - The Vascular Intervention business includes a comprehensive portfolio for coronary and peripheral interventions, featuring key products such as the Pantera™ Lux™ Drug-Coated Balloon Catheter and the Orsiro™ Mission Drug Eluting Stent [3][4]. Financial Outlook - The acquired products are expected to generate revenues of €177 million ($204 million) in the second half of 2025, with an anticipated €91 million ($105 million) for the fourth quarter of 2025 [5]. - From 2026 onwards, annual constant currency revenue growth of 6% or better is expected from the acquired products [5][6]. Strategic Implications - The acquisition will allow Teleflex to invest in the clinical trial program for Freesolve™, a sirolimus-eluting Resorbable Metallic Scaffold technology, with plans for a U.S. pivotal study [4]. - The integration of the Vascular Intervention business is anticipated to enhance Teleflex's innovation pipeline and position the company to leverage emerging technologies in the market [3][4].
Hyperscale Data Subsidiary Ault Markets to Launch U.S.-Based Global Decentralized Cryptocurrency Exchange
Globenewswire· 2025-07-01 10:30
Core Viewpoint - Hyperscale Data, Inc. is launching a Decentralized Cryptocurrency Exchange (DEX) in Las Vegas, Nevada, aiming to position the U.S. as a leader in cryptocurrency innovation and global finance [1][3]. Group 1: DEX Launch and Features - Ault Markets, a subsidiary of Hyperscale Data, plans to enable peer-to-peer digital asset trading without centralized intermediaries, promoting true ownership, privacy, and global accessibility [2]. - The DEX is expected to support trading in up to 175 countries, marking a significant step in the evolution of global finance [2]. - Key features of the DEX include non-custodial peer-to-peer trading, support for all major tokens and blockchain networks, global compliance screening, high-speed low-cost transactions, decentralized identity integration, and 24/7 trading [10]. Group 2: Strategic Vision and Goals - The initiative is a direct response to the current administration's call for U.S. leadership in cryptocurrency innovation, with the goal of establishing a blockchain-native, pro-innovation DEX [3]. - The founder of Hyperscale Data emphasized the importance of setting a global standard for cryptocurrency access, transparency, and innovation, while empowering users worldwide [5]. - The DEX is expected to launch in early 2026, following a global node deployment and final smart contract audit [6]. Group 3: Company Overview and Future Plans - Hyperscale Data operates a data center that mines digital assets and offers colocation and hosting services, with plans to divest its subsidiary ACG by December 31, 2025 [8][9]. - Post-divestiture, the company will focus on data center operations to support high-performance computing services while potentially continuing its involvement in the digital asset space [9].
AGCO Announces Agreements Reached with TAFE on Key Commercial and Other Issues
Prnewswire· 2025-07-01 10:30
Core Viewpoint - AGCO Corporation has reached a comprehensive agreement with Tractors and Farm Equipment Limited (TAFE) to resolve all outstanding disputes and governance issues, including shareholding and brand ownership matters related to the Massey Ferguson brand in India and other countries [1][3]. Commercial Terms - All commercial agreements between AGCO and TAFE will be terminated with agreed wind-down provisions [6]. - TAFE will repurchase AGCO's current shareholding in TAFE for an aggregate amount of $260 million, subject to compliance with applicable law [6]. Governance and Shareholding Terms - Ownership of the "Massey Ferguson" brand will rest exclusively with TAFE in India, Nepal, and Bhutan [6]. - TAFE retains the right to maintain its current ownership level of 16.3% but will participate in future share repurchase programs executed by AGCO [6]. - TAFE will no longer have the right to nominate a representative to the AGCO Board of Directors, and AGCO's Director on TAFE's Board will step down [6]. - The parties have agreed to mutual non-disparagement and TAFE will not engage in public activism [6]. Company Background - AGCO is a global leader in agricultural machinery and precision ag technology, with net sales of approximately $11.7 billion in 2024 [5].
Parsons Acquires Chesapeake Technologies International
Globenewswire· 2025-07-01 10:30
Acquisition bolsters Parsons’ electromagnetic warfare and all-domain solutions for the U.S. defense marketCHANTILLY, Va., July 01, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that it has acquired Maryland-based Chesapeake Technologies International, Corp (CTI), a portfolio company of Bluestone Investment Partners, in a transaction valued at $89 million. Founded in 2000, CTI strengthens Parsons’ defense customer posture with the Special Operations forces and enhances Parsons’ posi ...
MSC INDUSTRIAL SUPPLY CO. REPORTS FISCAL 2025 THIRD QUARTER RESULTS
Prnewswire· 2025-07-01 10:30
FISCAL 2025 Q3 HIGHLIGHTS Net sales of $971.1 million decreased 0.8% YoY Operating income of $82.7 million, or $87.2 million on an adjusted basis1 Operating margin of 8.5%, or 9.0% on an adjusted basis1 Diluted EPS of $1.02 vs. $1.27 in the prior fiscal year quarter Adjusted diluted EPS of $1.08 vs. $1.33 in the prior fiscal year quarter1MELVILLE, N.Y. and DAVIDSON, N.C., July 1, 2025 /PRNewswire/ -- MSC INDUSTRIAL SUPPLY CO. (NYSE: MSM) ("MSC," "MSC Industrial," the "Company," "we," "us," or "our"), a lead ...
Kinder Morgan (KMI) 2021 Earnings Call Presentation
2025-07-01 10:29
Acquisitions and Divestitures - Kinder Morgan acquired Northeast Transport & Storage Assets for $1225 million[8], with ~41 bcf of FERC-certificated storage capacity and ~3 bcfd of aggregate transportation pipeline capacity[11] - The company acquired Kinetrex Energy for $310 million[12], which includes 1 operational landfill-RNG facility with ~04 bcf capacity and expects 3 landfill-RNG facilities operational by 2022 end with total capacity of 35 bcf[17] Financial Performance and Projections - The company's 2021 forecast EBITDA is $79 billion[23] - The company has a $2 billion share buyback program with over $14 billion of program capacity remaining[23] - The company's 2021 expected Net Debt / Adjusted EBITDA is 40x[25] Market Position and Strategy - The company moves ~40% of US natural gas consumption & exports[19] - The company's stable cash flows are with ~72% take-or-pay or hedged earnings[26],[79] - The company has a $13 billion project backlog with ~64% allocated to natural gas projects[25],[83] Energy Transition and Renewables - The company's CO2 transport capacity is ~15 bcfd with ~1500 miles of CO2 pipelines[18] - The company handled nearly 260 mbbld of ethanol, biodiesel, & renewable diesel in 2020[69]
“蔚小理”6月成绩单出炉:小鹏汽车同比增长224%!小米汽车交付超25000台!零跑汽车全系创历史新高
Mei Ri Jing Ji Xin Wen· 2025-07-01 10:21
7月1日,新势力车企纷纷公布上月的交付成绩单。 蔚来汽车:6月交付车辆24,925辆,同比增长17.5%;2025年第二季度交付车辆72,056辆,同比增长25.6%。截至2025年6月30日,蔚来汽车(NIO.N)累计交付 量已达785,714辆。其中,蔚来品牌累计交付新车725,248台;乐道品牌累计交付新车52,623台;firefly萤火虫品牌累计交付新车7,843台。 理想汽车:6月交付量36279辆,同比下降24%。第二季度的交付量达到11.1万辆。 小鹏汽车:6月共交付新车34611台,同比增长224%,连续8个月交付量超3万台。2025年第二季度,小鹏汽车累计交付新车共103181台,再创单季度历史新 高;2025年1-6月,小鹏汽车累计交付新车197189台,超过2024年全年交付量。 封面图片来源:每经 小米汽车:6月小米汽车交付量超过25000台。 零跑汽车:2025年6月全系交付创历史新高,达48006台,同比增长超138%;上半年累计交付221664台。 岚图汽车:6月销量10053辆,同比增长83%。 北汽蓝谷:公司子公司北京新能源汽车股份有限公司6月份销量11991辆,同比增长2 ...
南宁首个“南宁人才之家”揭牌 助力人工智能产业发展
Zhong Guo Xin Wen Wang· 2025-07-01 10:17
中新网广西新闻7月1日电(覃海明)近日,南宁市首个"南宁人才之家"在润建股份有限公司揭牌运行, 这一举措标志着广西首个人工智能领域高层次人才交流服务阵地正式启用,为南宁市人工智能产业发展 注入新动力。 近年来,南宁市持续创新人才服务手段,优化人才发展环境,继去年推出高层次人才多样化生活服务清 单后,今年又探索打造"南宁人才之家"。该平台以"政府搭台、企业主导、资源共享"为原则,依托企 业、院校或行业协会,采取"企业主导活动、提供场地服务+政府部门协助、统筹人才资源"的方式,通 过举办学术沙龙、专家讲坛、行业峰会等活动,为行业人才搭建起学术交流、成果展示与需求对接的优 质服务平台,有效促进智力资源与产业需求的精准匹配。 南宁市人力资源和社会保障局副局长吴新华介绍,南宁市将立足重点产业布局,充分发挥企业主体作 用,鼓励社会资源积极参与建设,多方推动"南宁人才之家"在更多领域落地生根。年内,全市计划在低 空经济、智慧农业、装备制造等领域设立3-6个"南宁人才之家",着力构建"以核心聚人才、以人才促创 新、以创新强产业"的良性循环生态。(完) 揭牌现场 覃海明 摄 作为本次"南宁人才之家"的承载主体,润建股份有限公司 ...
齐鲁制药牵手国自然基金委 9900万元联合基金破解医药基础研究瓶颈
Sou Hu Cai Jing· 2025-07-01 10:17
2025年6月30日,中国生物医药基础研究和源头创新迎来历史性时刻。 随着国家自然科学基金民营企业创新发展联合基金(以下简称"联合基金")签约仪式在北京举行,齐鲁制药在创新研发方面迈出了坚实的一步,这是国家自 然科学基金首度引入生物医药企业。齐鲁制药将投入9000万元,与国自然基金委配套的900万元形成合力,为破解重大疾病防治问题提供源头创新支撑。这 一历史性突破将有效促进基础研究与应用研究的深度融合,为解决医药领域瓶颈提供新路径。国家自然科学基金委员会党组书记、主任窦贤康,齐鲁制药集 团副总裁张明会参加签约仪式。 STORES the state of the the state t 1 t and the the state the states of the same STATE the state the state t and the the state the state of the same the state of the state the state of the support of the support of the support of the support of the su ...