Led by US$250mn acquisition of SimplexCC, Middle East and Africa’s financial services industry saw a rise of 78.95% in cross border deal activity during Q2 2021, when compared to the last four-quarter average, according to GlobalData’s deals database
Manufacturing
AVEVA awarded as ‘Best Global Industrial Software Solutions Provider’
AVEVA, a specialist in industrial software, driving digital transformation and sustainability, has been awarded the ‘Best Global Industrial Software Solutions Provider – 2021’
Mitsubishi Power introduces global network of TOMONI HUBs
Mitsubishi Power, a subsidiary of Mitsubishi Heavy Industries (MHI) Group, has introduced a global network of TOMONI HUBs that use artificial intelligence to provide real-time, cyber-secure interactive support of plant operation and maintenance (O&M) decision making
Danfoss completes US$3.3bn acquisition of Eaton’s hydraulics business
Danfoss has officially finalised its US$3.3 billion acquisition of Eaton’s hydraulics business following confirmation of all necessary regulatory approvals and closing conditions
Russia commences equipment production for Egypt's first nuclear power plant
Dr Mohamed Shaker, minister of electricity and renewable energy of Egypt has paid a visit to one of Russia’s largest machine-building enterprises, JSC TYAZHMASH, which is based in the city of Syzran in the Samara region