Can Novo Nordisk's New CEO Stop Rivals From Taking Over the Anti-Obesity Market?
The deal was Novo's bid to grab back market share from the cheaper, knockoff versions that Hims & Hers and other telehealth companies were selling.
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Phinia acquires Swedish Electromagnet Invest for $47m
Premium fuel systems and aftermarket solutions firm Phinia has acquired Swedish Electromagnet Invest (SEM) for Skr452m ($47m). SEM, established in 1915, specialises in advanced natural gas, hydrogen, and other alternative fuel ignition systems, primarily for the commercial vehicle and industrial markets. In June 2025, Phinia signed a definitive agreement to acquire the SEM's issued and outstanding shares. The acquisition is set to bolster Phinia's portfolio in alternative fuel technologies and is anticipated to generate around $50m of annual revenue as well as nearly $10m of annual adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA). Phinia will integrate SEM's expertise in advanced ignition technologies for both on- and off-road commercial and industrial engines. The acquisition is expected to enhance Phinia's product portfolio and strategy, enabling the company to explore adjacent market opportunities and provide customers with a broad range of products and turnkey solutions. Phinia CEO and president Brady Ericson said: 'We're genuinely excited about what lies ahead. This acquisition opens new possibilities through the strategic expansion of our portfolio. 'By combining Phinia's expertise in engine management systems with SEM's deep knowledge of advanced ignition technologies, we expect to create a powerful platform for innovation and efficiency.' For second quarter (Q2) 2025, Phinia reported net sales of $890m, marking a 2.5% year-over-year increase, and adjusted earnings per share (EPS) of $1.27 per share. Phinia concluded the quarter with cash and cash equivalents of $347m and $499m of available capacity under its revolving credit facility. The company's total debt was reported at $990m. Adjusted free cash flow also saw a decline, coming in at $20m, which is a significant drop from the $108m reported in the Q2 2024. This decline was largely attributed to higher working capital demands, which arose as the company dealt with changing order volumes and other dynamic conditions within the industry, as well as the timing of its capital spending. Phinia updated its financial outlook for the year, now expecting net sales to be between $3.33bn and $3.43bn. "Phinia acquires Swedish Electromagnet Invest for $47m" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
11 minutes ago
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Deal 'closer than ever' as forward demands move
Liverpool's focus in the last few days appears to be on completing yet another incoming deal. It's been a record-breaking transfer window already - with sporting director Richard Hughes overseeing around £260m worth of spending. But the Reds want more. Alexander Isak is firmly in the club's sights - and could arrive for £135m in a British record deal. But simmering in the background are several mooted outgoing deals. 🔴 Shop the LFC Store 🚨2025/26 LFC x adidas range🚨 LFC x adidas Shop the away range TODAY LFC x adidas Shop the home range today! LFC x adidas Shop the goalkeeper range today LFC x adidas Shop the new adidas range today! Tyler Morton - for example - is putting pen to paper on a permanent deal which will see him join Lyon for around £15m. Others - such as Darwin Nunez and Harvey Elliott - could see their Anfield tenures cut short if bidding clubs meet the Reds' asking price. 🔴 Shop the LFC 2025/26 adidas away range . The 27-year-old arrived from Juventus in a deal that could reach £12.5m - signing a contract until 2028. Chiesa pushing for Serie A return But it's been a year to forget for the Euro 2020 winner - who has fallen out of favour in the national team set-up and barely featured for his new club. It's now being reported in Calciomercato that Chiesa has requested a return to Serie A - with Atalanta, Napoli and now AC Milan coming forward with their interest. 'Federico Chiesa is ever closer to a return to Serie A,' the report reads. 'On the fringes of Liverpool 's technical project, also in view of the next World Cup, the former Juventus player is reportedly pushing to return to Italy, convinced that only in this way can he find the consistency, confidence, and desire to play that he has in fact lost in England.' AC Milan deal unlocked A deal with Napoli has been on hold for quite some time - as it appears the Serie A title holders are unwilling to match the forward's contract demands. That leaves the door open to AC Milan. Should the Rossoneri successfully offload Samuel Chukuwueze to a Premier League suitor in the shape of Fulham then it could unlock their move for Chiesa. 'With the departure of Samuel Chukwueze, Milan could seriously insist with Liverpool for Federico Chiesa,' the report continues. 'The Cottagers could offer up to €20 million for Chukwueze, a figure that could encourage the Rossoneri to sit down at the negotiating table with Liverpool for Federico Chiesa.' © IMAGO - Federico Chiesa Liverpool
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11 minutes ago
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Background Revealed On Atalanta Transfer Promise To Inter Milan Target Ademola Lookman
Atalanta did make a transfer promise to Ademola Lookman, but were not expecting such public demands from the Nigerian. This according to La Repubblica, via FCInterNews. They report that the reports of an agreement are true, but that La Dea view it as valid only for clubs outside Serie A. At the heart of the burgeoning transfer soap opera between Inter Milan, Atalanta, and Ademola Lookman, is a supposed promise that La Dea made to Lookman. Last summer, Paris Saint-Germain had made an offer for Lookman. And the player was keen to join the Parisians. However, Atalanta insisted on keeping Lookman. And in order to convince him to accept staying, they made him a promise that he could leave after another season. Background On Atalanta Transfer Promise To Ademola Lookman BERGAMO, ITALY – MAY 12: Ademola Lookman of Atalanta warms up prior to the Serie A match between Atalanta and AS Roma at Gewiss Stadium on May 12, 2025 in Bergamo, Italy. (Photo by) This summer, Lookman decided on Inter as his next club. Therefore, he informed the Nerazzurri of his informal promise from Atalanta. The 27-year-old former Leicester City forward told Inter through his representatives that an offer of €40 million was what Atalanta promised to sell him for. Therefore, that is what Inter offered for Lookman. Then after Atalanta rejected that initial bid, the Nerazzurri raised their offer to €45 million including add-ons. But once again, Atalanta turned the offer down. This has caused some confusion for Inter. And especially for Lookman, who openly declared that Atalanta had 'broken their promise' to him by not facilitating his sale to Inter. La Repubblica confirm that there was a promise. And that it was for a sale of around €40 million. However, Atalanta had made the promise with the condition that it would be valid for clubs outside Serie A, the newspaper add. Then, the Bergamo club still expect to be able to sell Lookman on their own terms. They don't want their hand forced, and want to dictate the timing of the move.
