Latest news with #Acquisition
Finextra
4 hours ago
- Business
- Finextra
Corpay agrees $2.2bn Alpha Group takeover
Corporate payments outfit Corpay has agreed to buy British peer Alpha Group for $2.2 billion in cash. 0 This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Alpha provides B2B cross border FX to corporations and investment funds in the UK and Europe, holding around $3 billion of deposits in over 7000 client accounts. Corpay says the acquisition will improve its FX technology stack and strengthen its ties with investment managers in Europe and beyond. Alpha shareholders will receive 4,250 pence per share, representing a 55% premium to the closing price on 1 May, the day before potential takeover talks were disclosed. An offer in May was rejected. This transaction meaningfully expands our relationships with investment managers and results in four Cross Border customer segments: corporates, financial institutions, investment funds and digital currency providers,' says Ron Clarke, CEO, Corpay. Corpay has had a busy few months, taking a minority stake in business payments automation platform AvidXchange in a deal also involving TPG, and securing a $300 million investment from Mastercard for a three per cent stake in its cross-border business.
Business Standard
10 hours ago
- Business
- Business Standard
Board of Aurum Proptech approves acquisition of PropTiger
At meeting held on 23 July 2025 The Board of Aurum Proptech at its meeting held on 23 July 2025 has approved the acquisition of 100% equity shares of PropTiger Marketing Servies India, India (PropTiger), from REA India, Singapore (REA) through an all-stock, strategic equity swap and execution of the Share Acquisition Agreement with REA and PropTiger in relation to such acquisition. The Board also approved the issuance of 42,42,537 fully paid-up equity shares (face value INR 5/-) of the Company on a preferential basis (Preferential Issue) to REA, towards the discharge of consideration payable for the acquisition of 100% equity shares of PropTiger, as per the above. PropTiger is currently engaged in providing consultancy, counselling, advisory and marketing and facilitation services in relation to properties of any and all kinds.
Yahoo
a day ago
- Business
- Yahoo
David Broadbent Appointed to Lead Combined SES Space & Defense Organization
Leadership transition follows SES's acquisition of Intelsat, unifying Government & Defense capabilities under one organization RESTON, Va., July 22, 2025--(BUSINESS WIRE)--SES Space & Defense is pleased to announce the appointment of David Broadbent as President and CEO, effective July 17, 2025, as designated by the SES Space & Defense Proxy Board. His appointment coincides with the completion of SES's acquisition of Intelsat, marking a significant step in the integration of the two organizations. As part of the acquisition, SES has combined the government and defense divisions of both companies under one integrated organization, SES Space & Defense. "I'm honored to lead this newly integrated organization at such a pivotal moment," said David Broadbent, President and CEO, SES Space & Defense. "Our focus moving forward is to harness the combined strengths of our people, capabilities, and technology to deliver mission-driven outcomes for our government mission partners. As a unified team, we are uniquely positioned to provide a secure and resilient multi-orbit strategy that advance national security objectives, protect sovereignty, and ensure uninterrupted access to critical communication infrastructure." David Broadbent has over 20 years of leadership experience in the satellite communications and defense sector. He joins SES Space & Defense from Intelsat, where he most recently served as President of Government Solutions, responsible for the company's global government business. Prior to his time at Intelsat, David spent 21 years at Raytheon Technologies in a variety of senior business leadership roles, including serving as President of the company's Space Systems business unit. "David Broadbent brings the strategic vision and operational discipline essential to advance our government business," said Billy Bingham, Chairman of the Board of Directors, SES Space & Defense. "With a career defined by success across both U.S. and international government markets, he has consistently translated mission needs into innovative, effective solutions. David's deep expertise in SATCOM, defense technology, and government solutions positions him to accelerate SES's mission of delivering secure, resilient, and forward-leaning space capabilities." Broadbent succeeds David Fields, who has led SES Space & Defense with distinction for the past three years. "David Fields has been an integral part of our organization since SES acquired DRS Global Enterprise Solutions in 2022," said Billy Bingham. Under Fields' leadership, SES Space & Defense was formed, setting a new benchmark for excellence in delivering secure, mission-critical comms. Through his vision, integrity and commitment, Fields built a trusted brand and a mission-driven culture that continues to serve our customers. On behalf of the Board and the entire organization, we extend our sincere gratitude to David for his lasting contributions to our team, our partners, and the mission." Follow us on: Twitter | Facebook | YouTube | LinkedIn | Instagram Read our Blogs > Visit the Media Gallery > About SES Space & Defense SES Space & Defense is a wholly-owned subsidiary of SES and is exclusively focused on building, managing, and supporting the most advanced satellite network solutions for the U.S. Government. SES Space & Defense uses a proven multi-operator network integration and management capability, a broad global terrestrial network, as well as access to SES's multi-orbit satellite fleet. It also offers U.S. Department of Defense customers the essential tools in cybersecurity for mission-critical operations, coupled with a proven track record in governance and compliance. SES Space & Defense operates under a proxy board, enabling it to support classified projects, and it has participated in the U.S. Government satcom sector for nearly six decades. Further information can be found at: About SES At SES, we believe that space has the power to make a difference. That's why we design space solutions that help governments protect, businesses grow, and people stay connected—no matter where they are. With integrated multi-orbit satellites and our global terrestrial network, we deliver resilient, seamless connectivity and the highest quality video content to those shaping what's next. Following our Intelsat acquisition, we now offer more than 100 years of combined global industry leadership—backed by a track record of bringing innovation "firsts" to market. As a trusted partner to customers and the global space ecosystem, SES is driving impact that goes far beyond coverage. View source version on Contacts Melanie DelannoySES Space & DefenseVice President, Marketing & CommunicationsTel. +1 571 443
National Post
a day ago
- Business
- National Post
David Broadbent Appointed to Lead Combined SES Space & Defense Organization
Article content Leadership transition follows SES's acquisition of Intelsat, unifying Government & Defense capabilities under one organization Article content RESTON, Va. — SES Space & Defense is pleased to announce the appointment of David Broadbent as President and CEO, effective July 17, 2025, as designated by the SES Space & Defense Proxy Board. His appointment coincides with the completion of SES's acquisition of Intelsat, marking a significant step in the integration of the two organizations. Article content As part of the acquisition, SES has combined the government and defense divisions of both companies under one integrated organization, SES Space & Defense. 'I'm honored to lead this newly integrated organization at such a pivotal moment,' said David Broadbent, President and CEO, SES Space & Defense. 'Our focus moving forward is to harness the combined strengths of our people, capabilities, and technology to deliver mission-driven outcomes for our government mission partners. As a unified team, we are uniquely positioned to provide a secure and resilient multi-orbit strategy that advance national security objectives, protect sovereignty, and ensure uninterrupted access to critical communication infrastructure.' Article content David Broadbent has over 20 years of leadership experience in the satellite communications and defense sector. He joins SES Space & Defense from Intelsat, where he most recently served as President of Government Solutions, responsible for the company's global government business. Prior to his time at Intelsat, David spent 21 years at Raytheon Technologies in a variety of senior business leadership roles, including serving as President of the company's Space Systems business unit. Article content 'David Broadbent brings the strategic vision and operational discipline essential to advance our government business,' said Billy Bingham, Chairman of the Board of Directors, SES Space & Defense. 'With a career defined by success across both U.S. and international government markets, he has consistently translated mission needs into innovative, effective solutions. David's deep expertise in SATCOM, defense technology, and government solutions positions him to accelerate SES's mission of delivering secure, resilient, and forward-leaning space capabilities.' Article content Broadbent succeeds David Fields, who has led SES Space & Defense with distinction for the past three years. Article content 'David Fields has been an integral part of our organization since SES acquired DRS Global Enterprise Solutions in 2022,' said Billy Bingham. Under Fields' leadership, SES Space & Defense was formed, setting a new benchmark for excellence in delivering secure, mission-critical comms. Through his vision, integrity and commitment, Fields built a trusted brand and a mission-driven culture that continues to serve our customers. On behalf of the Board and the entire organization, we extend our sincere gratitude to David for his lasting contributions to our team, our partners, and the mission.' Article content Twitter Article content | Article content Facebook Article content | Article content YouTube Article content | Article content LinkedIn Article content | Article content Instagram Article content Article content > Article content Visit the Media Gallery Article content > Article content About SES Space & Defense SES Space & Defense is a wholly-owned subsidiary of SES and is exclusively focused on building, managing, and supporting the most advanced satellite network solutions for the U.S. Government. SES Space & Defense uses a proven multi-operator network integration and management capability, a broad global terrestrial network, as well as access to SES's multi-orbit satellite fleet. It also offers U.S. Department of Defense customers the essential tools in cybersecurity for mission-critical operations, coupled with a proven track record in governance and compliance. SES Space & Defense operates under a proxy board, enabling it to support classified projects, and it has participated in the U.S. Government satcom sector for nearly six decades. Further information can be found at: Article content About SES Article content At SES, we believe that space has the power to make a difference. That's why we design space solutions that help governments protect, businesses grow, and people stay connected—no matter where they are. With integrated multi-orbit satellites and our global terrestrial network, we deliver resilient, seamless connectivity and the highest quality video content to those shaping what's next. Following our Intelsat acquisition, we now offer more than 100 years of combined global industry leadership—backed by a track record of bringing innovation 'firsts' to market. As a trusted partner to customers and the global space ecosystem, SES is driving impact that goes far beyond coverage. Article content Article content Article content Contacts Article content
2 days ago
- Business
Japan Briefs Australia on Frigate for Export
Canberra, July 21 (Jiji Press)--The Japanese government Monday held a briefing for Australian political and business leaders on an upgraded version of a Mogami-class frigate that Tokyo aims to export to Australia. In the session, held in Canberra, Japanese participants highlighted that the upgraded version can be mounted with equipment compatible with that of the U.S. military and will thus improve the interoperability among Australia, the United States and Japan. Australia plans to build 11 frigates at an estimated cost of 10 billion Australian dollars. For the type of frigate, the country is expected to choose between the upgraded Mogami and a German frigate by year-end. Takeshi Ishikawa, commissioner of the Japanese Defense Ministry's Acquisition, Technology and Logistics Agency, said in the briefing that missile and other systems used by the U.S. military can be installed on the upgraded Mogami. Strengthening trilateral cooperation among Japan, the United States and Australia will contribute to maintaining stability in the Indo-Pacific region, Ishikawa also said. [Copyright The Jiji Press, Ltd.]
