Sovos Brands, a new food and beverage firm established by Advent International, has completed its the acquisition of Rao's Specialty Foods. Financial terms were not disclosed. Rao's Specialty Foods is the second acquisition in less than ...
Tags: Specialty Foods, food, beverage
China's biggest search engine Baidu and technology giant Microsoft have joined join forces in the intelligent cloud to advance autonomous driving. As part of the collaboration, Microsoft will provide assistance to Baidu in launching the ...
Tags: Microsoft, Autonomous Driving
Packaging Concepts & Design (PC&D) and O2 Investment Partners (O2) have acquired Packaging Specialists, Southwest (PSI) for an undisclosed sum. PSI, which was established in 1976, is headquartered in Phoenix, Arizona, US. It designs and ...
Tags: Packaging, protective packaging
Sol Voltaics AB of Lund, Sweden, which is developing nanomaterials technology for enhancing solar cell efficiency, has closed a record funding round of $21.3m (reckoned to be the largest finance raise for a European solar technology company ...
Tags: solar cell, PV
Mercedes-Benz has started the production of the new S-Class at its plant in Sindelfingen, Germany. For the official start-up of the luxury saloon in the Mercedes-Benz plant Sindelfingen, an S 560 4MATIC (fuel consumption, ...
Tags: Mercedes-Benz, ultrasonic sensors
For the fifth consecutive year, EV Group of St Florian, Austria – a supplier of wafer bonding and lithography equipment for semiconductor, micro-electro-mechanical systems (MEMS) and nanotechnology applications – has earned all ...
Tags: EV Group, Chip Making Equipment
McLaren Automotive has debuted new convertible Sports Series model, the 570S Spider, at Goodwood Festival of Speed in the UK. The 570S Spider is powered by 3.8 litre V8 twin-turbocharged engine connected to a seven-speed gearbox, that ...
Tags: McLaren, Automotive
Unilever intends to enter into a strategic partnership with Zwanenberg Food Group. The partnership pertains that Unilever will sell its meat, sauce and can soup factory in Oss to Zwanenberg Food Group (ZFG) and that ZFG intends to ...
Navitas Semiconductor Inc of El Segundo, CA, USA has expanded its support in Asia by entering two new distribution partnerships for its gallium nitride (GaN) power ICs. By partnering with Myland Technologies Inc and Allied Group (HK) Ltd, ...
Tags: GaN Power, IC Adoption
MACOM Technology Solutions Holdings Inc of Lowell, MA, USA (which makes semiconductors, components and subassemblies for analog RF, microwave, millimeter-wave and photonic applications) has unveiled a development kit targeted at helping ...
Tags: RF Systems, power transistors
The global UV LED market will increase from $288m in 2017 to $526m in 2020 while it rises at a compound annual growth rate (CAGR) of 34% during 2015-2020, projects LEDinside (a division of TrendForce). UV LEDs are used particularly in ...
Tags: UV LED, LED package
Hyundai Motor has unveiled its latest subcompact SUV, the Kona, which will go on sale in Korea later this month. The new SUV will be introduced in Europe in August and the US market in December. Kona will join the company’s ...
Tags: Hyundai, Compact SUV
Advent International backed Sovos Brands has agreed to acquire Rao's Specialty Foods, the owner of Rao's Homemade pasta sauce made from natural ingredients. The transaction is expected to be completed during the third quarter of this ...
Tags: Sovos Brands, Specialty Foods
Packaging solutions provider Molins has agreed to divest its instrumentation and tobacco machinery (I&TM) division to Coesia subsidiary G.D S.p.A for around £30m. The company intends to use the proceeds from the deal to invest in ...
Tags: Packaging, Tobacco Machinery
Volvo Trucks has developed a new self-steering truck which is expected to significantly boost sugar-cane harvest in Brazil. The truck, which is used to transport newly harvested sugar-cane, is steered with great precision through the ...
Tags: Volvo Trucks, Truck