MOROCCO

BOA Concept and EASY Systems Benelux announce their alliance

Retrieved on: 
Mercredi, mars 13, 2024

BOA Concept , French specialist in the design, manufacture and marketing of innovative robotic and software solutions for intralogistics (FR0011365907 – ALBOA) and EASY Systems Benelux, Belgian specialist in handling systems for intralogistics and production, announce the signing of an agreement for BOA Concept to acquire a 70% stake in EASY Systems.

Key Points: 
  • BOA Concept , French specialist in the design, manufacture and marketing of innovative robotic and software solutions for intralogistics (FR0011365907 – ALBOA) and EASY Systems Benelux, Belgian specialist in handling systems for intralogistics and production, announce the signing of an agreement for BOA Concept to acquire a 70% stake in EASY Systems.
  • Jean-Lucien Rascle, Chairman of BOA Concept, said: “This acquisition will enable the BOA Concept Group to accelerate its growth in its target markets in line with its roadmap, while broadening its value proposition by integrating the new technology solutions provided by EASY Systems.”
    “We are delighted to be joining the BOA Concept Group.
  • Since its IPO in 2021, BOA Concept has made no secret of its international ambitions and is looking for the best partners.
  • While the BOA Concept Group already deployed numerous projects outside France (Morocco, Italy, Switzerland, Germany, Belgium, Poland), it now has special access to the dynamic Benelux market.

Pacific Avenue Capital Partners Has Announced the Signing of a Put Option Agreement to Acquire Purflux, Currently Operating as the Filtration Business Unit of Sogefi S.p.A.

Retrieved on: 
Mercredi, mars 6, 2024

The Filtration Business Unit is a leading manufacturer of vehicle filtration components and systems serving both the automotive aftermarket and Original Equipment ("OE") customers globally.

Key Points: 
  • The Filtration Business Unit is a leading manufacturer of vehicle filtration components and systems serving both the automotive aftermarket and Original Equipment ("OE") customers globally.
  • In 2023, the Company generated over $600 million of revenue and more than $100 million of adjusted EBITDA.
  • The sale and purchase agreement signing can take place after the France works counsel consultation process is complete and the put option agreement is exercised by Sogefi.
  • Pacific Avenue has positioned itself as a trusted partner to corporate sellers globally ensuring seamless transitions regardless of transaction complexity."

Culture ministers from around the world call for collective action to make culture a Sustainable Development Goal during inaugural MONDIACULT Ministerial Dialogue at Culture Summit Abu Dhabi

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Lundi, mars 4, 2024

ABU DHABI, United Arab Emirates, March 04, 2024 (GLOBE NEWSWIRE) -- Culture ministers from Spain, Morocco, Nigeria, Paraguay, Mauritius, Cabo Verde, Croatia, Cuba and Chad gathered today at the Culture Summit Abu Dhabi to inaugurate the first MONDIACULT Ministerial Dialogue, urging civil societies to take collaborative action and join the growing chorus of voices campaigning for culture to be recognised as a Sustainable Development Goal (SDG).

Key Points: 
  • Ernest Urtasun (Kingdom of Spain), HE Nina Obuljen Koržinek, (Croatia); Culture Summit Abu Dhabi 2024.
  • The dialogue, organised by the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) and UNESCO, builds on the historic Declaration for Culture which was unanimously adopted by 150 states at the 2022 MONDIACULT summit.
  • For more information on Culture Summit Abu Dhabi, its full programme, and sessions available to watch online, please visit www.culturesummitabudhabi.com .
  • Culture Summit Abu Dhabi Press Kit, including imagery, is available here .

Gentherm Reports 2023 Fourth Quarter and Full Year Results

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Mercredi, février 21, 2024

NORTHVILLE, Mich., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Gentherm (NASDAQ:THRM), the global market leader of innovative thermal management and pneumatic comfort technologies for the automotive industry and a leader in medical patient temperature management systems, today announced its financial results for the fourth quarter and full year ended December 31, 2023.

Key Points: 
  • According to S&P Global’s mid-February 2024 report, actual light vehicle production in the fourth quarter of 2023 increased by 12.8% compared to the fourth quarter of 2022 in the Company’s key markets of North America, Europe, China, Japan and Korea.
  • Selling, general and administrative expenses of $41.9 million in the 2023 fourth quarter increased $5.3 million, or 14.5%, versus the prior year period.
  • Income tax benefit in the 2023 fourth quarter was $0.9 million, as compared with $0.06 million in the prior year period.
  • GAAP diluted earnings per share for the fourth quarter of 2023 was $0.56 compared with a loss of $(0.13) for the prior year period.

Morocco Data Center Market Investment Report 2023-2028: Growth Opportunities in IT, Electrical, Mechanical Infrastructure, General Construction, and Tier Standards - ResearchAndMarkets.com

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Mardi, mars 5, 2024

The "Morocco Data Center Market - Investment Analysis & Growth Opportunities 2023-2028" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Morocco Data Center Market - Investment Analysis & Growth Opportunities 2023-2028" report has been added to ResearchAndMarkets.com's offering.
  • The Morocco data center market size will witness investments of $51.0 million by 2028 from $27 million in 2022, growing at a CAGR of 11.18%
    This report analyses the Morocco data center market share.
  • Emerging as a critical hub for data center development in North Africa, the Morocco data center market attracts substantial foreign investments, mainly concentrated in Casablanca.
  • Some key investors in the Morocco data center market are Africa Data Centres, Gulf Data Hub, inwi, and N+ONE Datacenters.

Driscoll’s Takes Significant Stake in Costa Group

Retrieved on: 
Lundi, février 26, 2024

Costa was started in the late 1800s by the Costa family in Geelong Victoria, Australia.

Key Points: 
  • Costa was started in the late 1800s by the Costa family in Geelong Victoria, Australia.
  • Costa products are sold into numerous countries around the world, including throughout Europe, UK, Asia, and North America.
  • Over the past few decades, Paine Schwartz Partners has invested $5.7 billion in agriculture and the food supply chain, which includes a prior equity stake in Costa.
  • Its investment in agricultural assets includes an ownership stake in Viterra and mushroom and citrus businesses.

Expro Announces Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Mercredi, février 21, 2024

Net cash provided by operating activities for the fourth quarter of 2023 was $33 million compared to net cash provided by operating activities of $59 million for the third quarter of 2023.

Key Points: 
  • Net cash provided by operating activities for the fourth quarter of 2023 was $33 million compared to net cash provided by operating activities of $59 million for the third quarter of 2023.
  • Adjusted cash flow from operations1 for the fourth quarter of 2023 was $43 million compared to $64 million for the third quarter of 2023.
  • Unless otherwise noted, the following discussion compares the quarterly results for the fourth quarter of 2023 to the results for the third quarter of 2023.
  • Depreciation and amortization expense was $63 million for the fourth quarter of 2023 compared to $37 million for the third quarter of 2023.

Xylem Teams Up with Partners and Communities Globally to Accelerate Progress on Water Security in 2023

Retrieved on: 
Jeudi, février 22, 2024

In 2023, volunteers from Xylem (NYSE: XYL), its partners and customers supported 1,000 nonprofits, including Americares, Mercy Corps and UNICEF*, to help deliver WASH access and education for communities in 56 countries through Xylem Watermark , the Company’s corporate social responsibility program.

Key Points: 
  • In 2023, volunteers from Xylem (NYSE: XYL), its partners and customers supported 1,000 nonprofits, including Americares, Mercy Corps and UNICEF*, to help deliver WASH access and education for communities in 56 countries through Xylem Watermark , the Company’s corporate social responsibility program.
  • Colleagues participated in skills-based volunteer initiatives, designing and implementing WASH solutions for underserved communities, and building capacity through training and mentorship.
  • “Xylem Watermark draws on the collective power of Xylem’s team, our customers, channel partners, suppliers, and the nonprofit community, to further our mission to solve water.
  • Together, we have a unique opportunity to advance water security for all and our colleagues and partners continue to step up for SDG6,” Austin Alexander, Vice President of Sustainability and Social Impact at Xylem, said.

Crédit Agricole du Maroc Selects Entrust to Provide Seamless and Secure Digital Payment Experiences for Their Customers

Retrieved on: 
Mardi, février 20, 2024

Entrust , a leading provider of trusted identities, payments and data, has been selected by Crédit Agricole du Maroc to provide a more seamless and secure digital payment experience for their customers.

Key Points: 
  • Entrust , a leading provider of trusted identities, payments and data, has been selected by Crédit Agricole du Maroc to provide a more seamless and secure digital payment experience for their customers.
  • By integrating the Entrust Digital Card Solution into their existing payment card program and banking app, Crédit Agricole du Maroc is elevating their customers’ digital payment experiences.
  • “Providing the best possible digital payments experience for our customers is our number one priority,” said Mohammed FIKRAT, President of Crédit Agricole du Maroc.
  • Crédit Agricole du Maroc also plans to integrate secure card display within its banking app for convenient e-commerce transactions.

Savory & Partners: Investment Migration Programs Grabbing Investors' Attention

Retrieved on: 
Samedi, mars 9, 2024

DUBAI, UAE, March 9, 2024 /PRNewswire/ -- As global mobility and contingency planning become more crucial for investors, the demand for investment migration programs has surged in popularity. According to reports from leading residency and citizenship by investment firm, Savory & Partners, application volumes have been growing exponentially for the past decade.

Key Points: 
  • "Every year, we witness shifts in investment migration trends driven by factors such as price changes, regulatory updates, geopolitical events, and economic conditions," says Jeremy Savory, CEO and founder, Savory & Partners.
  • "In 2024, we anticipate significant developments in the landscape of investment migration programs."
  • "Turkey's Citizenship by Investment program has captured attention since its inception in 2017, attracting over 19,000 individuals in less than five years.
  • The first is that the minimum investment amount no longer aligns with Istanbul's housing market (the most popular real estate investment destination in Turkey).