Posts By: Raghuram Kadari

TIP Trailer Services to acquire truck and trailer rental company PEMA

TIP Trailer Services acquisition of PEMA : French banking group Societe Generale has entered into an agreement to sell truck and trailer rental company PEMA to TIP Trailer Services, a portfolio company of infrastructure investment manager I Squared Capital, for an undisclosed price. Currently, PEMA manages a fleet of approximately 19,000 vehicles in seven European […]

Retail technology news : Coles selects Accenture for digital transformation

Retail technology news : Australian supermarket company Coles Group has entered into a long-term digital transformation partnership with Accenture to save AUD $1 billion costs over the next four years through the launch of new technology. The agreement is the latest in a series of global partnerships and developments through which the Australian supermarket, retail […]

McDermott wins fluid catalytic cracking unit contract for Panipat Refinery

McDermott International has received a technology contract for grassroots fluid catalytic cracking unit (FCC unit) for the Panipat Refinery in Haryana, India owned by Indian Oil Corporation Limited (IOCL/ IndianOil). With a value between $1 million and $50 million, the contract involves technology license, basic engineering, proprietary equipment, training and technical services. The fluid catalytic […]

StrikeForce launches Secure eTravelers cyber solution for hotels

US cybersecurity company StrikeForce Technologies has launched a new cyber solution called Secure eTravelers to protect the personal devices like computers and cell phones of hotel guests from hackers while traveling and using Wi-Fi. The Secure eTravelers cyber solution has been developed to address the increased hacking incidences targeted at recreational and business travelers, with […]

Airgas liquid carbon dioxide and dry ice facility opens in Stockton, CA

Air Liquide company Airgas has opened a new liquid carbon dioxide and dry ice facility in Stockton in California. The plant is a zero runoff/discharge site and technology at the site will arrest and recycle all process and rainwater that comes in contact with the equipment. Engineered to have a minimal environmental impact, the facility […]

Young Living buys CBD products manufacturer Nature’s Ultra

Young Living Essential Oils, a US-based essential oils and other related products producer, has acquired CBD products manufacturer Nature’s Ultra, for an undisclosed price. Nature’s Ultra, which has more than 1,500 acres of hemp farms located in Colorado, will continue to operate independently. It will offer legal CBD products, which are natural, organic, vegan approved, […]

AB InBev to divest Carlton & United Breweries to Asahi for $11.3bn

Belgian drinks giant Anheuser-Busch InBev (AB InBev) will sell its Australian business, Carlton & United Breweries (CUB), to Japanese drinks company Asahi Group for approximately $11.3 billion. Based in Melbourne, the portfolio of Carlton & United Breweries includes Foster’s, Victoria Bitter and Carlton. The company employs around 1500 people. As part of the sale agreement, […]

PepsiCo to acquire South Africa food producer Pioneer Foods for $1.7bn

Pepsico acquisition of Pioneer Foods: US drinks and snacks group PepsiCo has signed an agreement to buy South African food producer Pioneer Foods for $1.7 billion in cash to expand its presence in the African continent. PepsiCo to expand in Africa through Pioneer Foods Pioneer Foods, which is one of the largest producers and distributors […]

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