Mergers and acquisition

Vodafone Egypt to obtain 20% stake in Ebtikar Holding electronic payment subsidiaries

February 24, 2021February 24, 2021 Frank

EGYPT – Vodafone Egypt, the largest mobile network operator in Egypt, has signed a Memorandum of Understanding (MoU) with Ebtikar Holding for Financial Investments (Ebtikar), to obtain a 20% stake in the latter’s two electronic payment subsidiaries: Masrary and Bee. The MoU paves the way for Vodafone Egypt to participate in the two e-payment platforms’ capital subscription with a 20% stake. According to a press statement by Vodafone Egypt, this comes as part of the company’s strategy to increase its investments in Egypt and provide various digital payment services to…

American aerospace manufacturer Bell acquires engineering company Response Technologies

February 15, 2021February 15, 2021 Frank

GLOBAL – Bell, an aerospace manufacturer, wholly owned subsidiary of Textron Inc, has announced in a statement the acquisition of Response Technologies LLC, an engineering company, adding to Bell’s extensive technology portfolio in the aerospace and manufacturing industry, Founded in 2015, Response Technologies is a startup focused on flexible, 3D, textile-reinforced composite solutions. The company has two business areas of development: fuel cells and components and textile composites. With a focus on advanced manufacturing, Response Technologies’ mission aligns closely with Bell’s Rapid Prototyping and Manufacturing Innovation team. “This acquisition aligns…