Merger & Acquisition News

ROCKVILLE, Md.--(BUSINESS WIRE)--Expanding its nationwide asset portfolio, Standard Solar, Inc., a recognized leader in the ownership, operation, funding and development of commercial and community solar assets, today announced it has acquired 10 megawatts of community solar projects in Oregon. “This latest acquisition underscores the company’s expansion in the burgeoning Oregon market and across the U.S.,” said Mike Streams, Standard Solar’s Chief Development Officer. “These projects match our...

KANSAS CITY, Mo.--(BUSINESS WIRE)--Kansas City Southern (NYSE: KSU) (“KCS”) today announced the completion of its sale to Canadian Pacific Railway Limited (TSX: CP, NYSE: CP) (“CP”). The transaction represents an enterprise value of approximately USD$31 billion. KCS stockholders will receive 2.884 CP common shares and $90 in cash for each share of KCS common stock held and $37.50 in cash for each share of KCS preferred stock held. Immediately upon the closing of the acquisition, the shares of K...

SOMERSET, N.J.--(BUSINESS WIRE)--CompoSecure Holdings, L.L.C. (“CompoSecure”), a leading provider of premium financial payment cards and an emergent cryptocurrency storage and security solution provider, today announced that it has partnered with Oxygen, a leading US neobank catering to the 21st century economy, to offer cards for Oxygen Elements, a four-tier debit card rewards program. The Oxygen Elements rewards program comes at a pivotal turning point for the economy. According to Deloitte I...

AUBURN HILLS, Mich.--(BUSINESS WIRE)--Continental is participating in the German-U.S. software specialist Apex.AI as a strategic investor. In doing so, the technology company is underscoring the great importance of intelligent software applications for future generations of vehicles. Continental and Apex.AI have already been cooperating since 2020 on the industrialization of an innovative operating system for vehicles. With the minority stake now completed, the two companies are intensifying th...

SEATTLE--(BUSINESS WIRE)--Ookla®, the renowned network intelligence company behind Speedtest® and Downdetector®, has acquired RootMetrics®, an industry pioneer in network drive testing and analytics. Together they will combine the industry-standard first-party crowdsourced data from Speedtest with RootMetrics’ scientifically controlled drive and walk testing data collection for the benefit of the mobile operators who build the networks and the consumers who rely on them. Ookla GM and co-founder...

DUBLIN--(BUSINESS WIRE)--BrowserStack today announced the acquisition of Nightwatch.js, the popular open-source test automation framework....

KENNESAW, Ga.--(BUSINESS WIRE)--Athena Technology Acquisition Corp. reminds its shareholders to vote in favor of the previously announced business combination with Heliogen, Inc....

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that NuScale Power, LLC, in which Fluor is the majority investor, has signed a merger agreement with Spring Valley Acquisition Corp. (NASDAQ: SV) (Spring Valley). Fluor has invested more than $600 million in NuScale Power since 2011 to help bring its technology to market. The proposed transaction is anticipated to close in the first half of 2022 subject to customary closing conditions. Upon completion of the transacti...

PORTLAND, Ore.--(BUSINESS WIRE)--NuScale Power, LLC (“NuScale”) has entered into a business combination agreement with Spring Valley Acquisition Corp. (NASDAQ: SV)...

ZAGREB, Croatia--(BUSINESS WIRE)--Infinum, a Croatian-based digital product development company, is expanding its reach with the acquisition of 3P Development in North Macedonia....