Industrials & Juniors
Latest news, analysis, and insights from ASX industrials & juniors companies
Silver Lake to take Endeavor Group private in $13b buyout
Technology investment firm will shell out $13 billion to acquire global sports and entertainment company Endeavor Group Holdings (NYSE: EDR) in what is believed to be the biggest private equity-sponsored buyout in over a decade and the largest ever in the sector. The deal comes three years after Endeavor went public. Endeavor is the majority […]
Latest Stories
DraftKings in talks for $195m takeover of PointsBet’s US operations
Sports gambling powerhouse DraftKings (NASDAQ: DKNG) has entered into negotiations with Australian online bookmaker PointsBet Holdings (ASX: PBH) following an indicative takeover offer for PointsBet’s US businesses amounting to $195 million. This move from DraftKings emerged a month post Fanatics Betting and Gaming (FBG) agreeing to acquire the same businesses for a cash offer of […]
Orbit Garant pioneer Pierre Alexandre confirmed in top spot at drilling major
Major Canadian drilling company Orbit Garant (OTC: OBGRF) has confirmed the permanent appointment of Pierre Alexandre as its president and chief executive officer – a role he has been filling on an interim basis since last November. Mr Alexandre has a long history in the drilling business and now helms Orbit Garant, which has 216 […]
Ritchie Bros makes play worth $7.3b for IAA, share price plummets
Canada’s Ritchie Bros Auctioneers (NYSE: RBA) has agreed to buy US-based vehicle marketplace Insurance Auto Auctions (IAA), in a deal worth around US$7.3 billion. The multi-billion dollar deal will expand Ritchie Bros’ presence in the growing market of heavy machinery and equipment, salvaged cars, trucks and motorcycles, as well as auto parts. Ritchie Bro’s share […]
Lilium Air Mobility seeks grants to help build 400 air taxis a year
German air taxi developer Lilium Air Mobility (NASDAQ: LILM) has announced plans to set up industrial capacity with the aim of making around 400 of the company’s Lilium jet flying shuttles a year. Lilium chief executive officer Klaus Roewe confirmed the news, saying the company also plans to tap into schemes providing public research support. […]
Tesla completes expansion plans to boost production capacity at Gigafactory Shanghai
US electric car manufacturing giant Tesla (NASDAQ: TSLA) has completed an expansion project at its Gigafactory Shanghai, which will boost production capacity, allowing the company to produce 22,000 units of Model 3 and Model Y cars per week at the factory during its peak. While Tesla hasn’t yet made an official announcement, the latest was […]
Wolfspeed to build world’s largest silicon carbide materials facility in North Carolina
Silicon carbide technology company Wolfspeed (NYSE: WOLF), will build a new multi-billion dollar materials manufacturing facility in North Carolina, in an effort to keep up with the surging electric vehicle (EV) and renewable energy demand. The factory will be set up in Chatham County, North Carolina and is expected to become the largest silicon carbide […]
Ballard Power Systems to fuel India’s first hydrogen trains
Ballard Power Systems (NASDAQ: BLDP) has announced it has received a fuel cell order from leading rail system integrator Medha Servo Drives, which will go towards developing India’s first hydrogen-powered trains. The two retrofitted diesel-electric commuter trains will use eight units of Ballard’s latest fuel cell technology, 100kW FCmoveTM-HD+. Ballard will assist Medha through the […]
Polestar to supply batteries for Candela’s ‘flying’ electric boats
Luxury electric vehicle maker Polestar (NASDAQ: PSNYW) has announced a multi-year agreement to supply electric boat manufacturer Candela with regular batches of batteries and charging systems. In a statement, Polestar said the deal was the start of a “broader intended partnership” between both Swedish companies, which are “committed to exploring further opportunities for future collaboration.” […]
Bed Bath & Beyond share price tumbles after Ryan Cohen dumps his stake
Shares in US chain Bed Bath & Beyond Inc (Nasdaq: BBBY) have tumbled more than 40% since billionaire investor Ryan Cohen exited the struggling retailer this month. The company’s stock soared in March after Mr Cohen’s firm RC Ventures revealed he owned a significant stake to become the company’s second largest shareholder. The boost was mainly […]
American Airlines purchases 20 Boom Supersonic Overture jets
American Airlines (Nasdaq: AAL) has agreed to purchase up to 20 Overture supersonic jets from Boom Supersonic, with the new jets expected to provide an “important new speed advantage”. With customers including Japan Airlines, Virgin Atlantic, the US Air Force and others, Boom’s book contain 35 orders for a total of 130 Overture airplanes, valued […]
Redwire to launch first-ever commercial greenhouse in space
American space infrastructure company Redwire (NYSE: RDW) plans to launch the first commercial space greenhouse as early as Spring next year, in an effort to boost crop production research outside Earth and support exploration missions. Redwire Greenhouse will be the first-ever commercially owned greenhouse set up on the International Space Station (ISS). Redwire Florida launch […]