Browsing: Mergers and Acquisitions

TAMM, representing the Department of Government Enablement – Abu Dhabi (DGE), has forged a collaboration with AI71, the newly established artificial intelligence (AI) company under the Advanced Technology Research Council (ATRC).

Abu Dhabi’s clean energy firm, Masdar, is actively considering “transformative” acquisitions to extend its influence in the US and Europe, according to its Chief Operating Officer. The company is in the process of thoroughly evaluating the market for acquisitions and exploring greenfield and brownfield projects, along with opportunities to support small renewable energy developers.

In the coming years, Romania is anticipated to tap into its considerable energy reserves in the Black Sea region, establishing itself as one of Europe’s major sources of sustainable energy for the continent. The energy potential of the Black Sea, combined with strategic connections to the EU, positions Romania as a potential energy hub.

EDGE Group, a prominent advanced technology and defence conglomerate based in the UAE, has declared the purchase of a 50 percent stake in Flaris, an innovative Polish aviation firm specializing in cutting-edge personal jet development. Both entities will establish a collaborative venture, providing EDGE with the opportunity to advance Flaris’ jet portfolio. This collaboration will leverage their combined expertise to enhance the aircraft’s features and operational capabilities.

UAE’s EDGE Group has confirmed the purchase of a 52% controlling interest in ANAVIA, a Swiss firm known for its expertise in creating versatile vertical take-off and landing (VTOL) systems weighing up to 750 kilograms and their associated capabilities. This acquisition solidifies EDGE’s position as a leading player in this highly specialized field.

The Ministries of Investment in the UAE and Jordan have inked a Memorandum of Understanding (MoU), establishing a framework for investment collaboration, particularly in critical sectors such as infrastructure and development projects. This agreement further bolsters the enduring strategic partnership between the two nations.

ADMO Lifestyle Holding (ADMO), a partnership between Alpha Dhabi Holding and Monterock International Limited, has announced its plans to acquire a stake in the renowned Lebanese gourmet dining venue, Em Sherif, subject to regulatory approvals.

Core42, a subsidiary of G42, and Amazon Web Services (AWS) have taken the first steps in their collaborative journey, signifying a significant move in their shared commitment to explore opportunities for public sector and corporate clients. Their focus is on harnessing the full potential of cloud services and industry-specific digital solutions.

ADMO’s recent announcement of its acquisition of CE LA VI marks a strategic leap into the fast-evolving luxury lifestyle sector. With a focus on expanding its portfolio in luxury, lifestyle, F&B, and entertainment, ADMO is determined to amplify its global influence, especially in the eastern region. As Petros Stathis, Vice Chairman of ADMO, emphasizes, this acquisition signifies more than just global expansion – it’s a bold declaration of ADMO’s vision and agility in recognizing and elevating brands with distinct market presence into world-leading entities.

Abu Dhabi’s Silal is expanding its foothold in the food service and distribution industry through the acquisition of a majority stake in UAE’s SAFCO Group. This strategic move aligns with Silal’s growth ambitions and enhances its presence in the hospitality and catering sector.