Connect with us

News

USG ALERT: Shareholder Rights Firm Labaton Sucharow is Investigating USG Corporation (Former NYSE: USG) for Potential Securities Violations and Breach of Fiduciary Duty in Connection with its Merger with Gebr. Knauf Kg (“Knauf”)

gbafNews28

Labaton Sucharow, a nationally ranked shareholder rights firm, is investigating potential securities violations and breach of fiduciary duty claims against drywall and joint compound company USG Corporation (Former NYSE: USG) in connection with its merger with Gebr. Knauf KG.

If you are a former shareholder of USG and want to receive additional information and protect your investments free of charge, please contact David J. Schwartz using the toll free number (800) 321-0476 or via email at [email protected] or [email protected].

About the Firm

Labaton Sucharow LLP is one of the worlds leading complex litigation firms representing clients in securities, antitrust, corporate governance and shareholder rights, and consumer cybersecurity and data privacy litigation. Labaton Sucharow has been recognized for its excellence by the courts and peers, and it is consistently ranked in leading industry publications. Offices are located in New York, NY, Wilmington, DE, and Washington, D.C. More information about Labaton Sucharow is available at http://www.labaton.com.

David J. Schwartz

(800) 321-0476

[email protected]

News

Ultimaker appoints Jürgen von Hollen as Chief Executive Officer

gbafNews28

Jos Burger advances to Supervisory Board

UTRECHT, Netherlands, Nov. 27, 2020 /PRNewswire/ — Ultimaker, the global leader in professional 3D printing, appointed Jürgen von Hollen as Chief Executive Officer, replacing Jos Burger, who will retire and join the Supervisory Board. This change will be effective on January 1, 2021.

Jos Burger joined Ultimaker in 2014 and transformed the company from a start-up to a global player in the 3D printing industry. According to the most recent findings from the UK market intelligence firm CONTEXT, in the first half of 2020, strong demand from work-from-home scenarios allowed for Ultimaker to ascend to the top two position in global 3D Printer hardware shipment revenues. Ultimaker leads the Professional Price Class printer segment in the first half of 2020 with a 40% market share of hardware revenues.

“I'm tremendously proud of everything we achieved at Ultimaker in a short period of time. The transformation from a start-up to a company that now shapes how companies produce and manufacture is phenomenal,” said Jos Burger, outgoing CEO, Ultimaker. “The last seven years have been intense, and given my age, it's now time to retire from the CEO role. All the building blocks that will sustain future growth are there, and now it's the best moment to hand over to Jürgen. Ultimaker continues to have a unique space in my heart, and I'm thrilled with the opportunity to serve on the Supervisory Board.”

Jürgen von Hollen brings extensive international experience and a wealth of leadership in fast-growth technology industries. Prior to Ultimaker, Jürgen was President and CEO at Universal Robots, where he successfully grew the company and established it as the global market leader in collaborative robotics. Jürgen has held leadership positions at Bilfinger SE, Daimler-Chrysler Services, T-Systems, and Pentair.

“I am very excited to be joining the Ultimaker team, who has developed a leading product, strong business model and has a very talented team,” said Jürgen von Hollen, incoming CEO, Ultimaker. “I believe this uniquely positions Ultimaker to take full advantage of a USD 35 billion 3D printing market and outgrow this market, which itself is expected to grow at 20% per annum. Ultimaker has the ability to enable dynamic innovation, flexible manufacturing and delivers great productivity improvements. Together, we want to transform organizations and Ultimaker is in a great position to grow as the leader.”

Bart Markus, Chairman of the Supervisory Board, adds: “Jos is leaving a great legacy behind, and now it is the right time to take advantage of what Jos has built and accelerate the company further. We are excited to have Jürgen as our new leader, and he is perfectly suited to take Ultimaker to new heights.”

About Ultimaker

Since 2011, Ultimaker has built an open and easy-to-use solution of 3D printers, software, and materials that enable professional designers and engineers to transform the way they manufacture. Over 400 employees work together to accelerate the world's transition to digital manufacturing.  

Photo – https://mma.prnewswire.com/media/1343404/Ultimaker_Jurgen_von_Hollen.jpg

 

Continue Reading

News

EQT Infrastructure and Proximus form partnership to bring fiber to 1.5 million households in the Flemish Region of Belgium

gbafNews28

  • EQT Infrastructure and Proximus sign joint venture agreement to build a fiber-to-the-home network for at least 1.5 million households and businesses in the Flemish Region of Belgium                 
  • EQT Infrastructure and Proximus are committed to invest significantly into the increased digitalization of the Belgian society                 
  • The JV will benefit from EQT Infrastructure's vast fiber roll-out experience and Proximus' unrivalled expertise in the Belgian telecom market, and together the parties aim at realizing a substantial increase of the fiber coverage in Flanders

STOCKHOLM, Nov. 27, 2020 /PRNewswire/ — The EQT Infrastructure V fund (“EQT Infrastructure”) and Proximus, Belgium's largest telecom operator, are pleased to announce the signing of a partnership agreement. As part of this agreement, the two parties will form a new joint venture (JV) that will design, build and maintain a fiber-to-the-home (FTTH) network in Flanders. EQT Infrastructure will initially own 50.1 percent of the JV and Proximus will hold 49.9 percent.

EQT Infrastructure and Proximus have identified large opportunities in accelerating the build-out pace of the FTTH network in the Flemish Region of Belgium. FTTH is the fastest and most reliable broadband solution available and is instrumental in managing the increasingly growing internet bandwidth demands of the future. EQT and Proximus are committed to invest significantly into the JV over the coming years with the ambition to bring the required fiber connectivity to Flanders so that its residents and businesses can actively participate in the Gigabit Society.

The JV will benefit from the combination of EQT Infrastructure's vast experience from developing strong fiber companies in Europe and North America, and Proximus' unrivalled expertise in the Belgian telecom market and long-standing relationships with municipalities and housing associations. Together, the parties will create an efficient rollout machine to build a fiber network, which will be open and accessible to all operators. The JV intends to connect its first customers during 2021 and the overall goal is to bring fiber connectivity to at least 1.5 million households and businesses over the coming years. The JV will be supported by a strong board of directors with hands-on experience from fiber deployment in Belgium and other European markets.

Matthias Fackler, Partner at EQT Partners, said: “We are very happy to have found a strong partner in Proximus for this exciting fiber rollout opportunity in Belgium. As the leading investor in digital infrastructure, EQT sees the growing need for future-proof and reliable broadband access all over the European continent. Through this partnership, we look forward to facilitating digital inclusion and sustainable economic growth in Flanders and the Belgian society as a whole.”

Guillaume Boutin, CEO of Proximus, said: “I am very pleased that we have signed this final agreement with EQT Infrastructure. This will enable us to reinforce our leading position in multi-gigabit infrastructures, in an era where reliable, next-generation fixed and mobile connectivity has become more important than ever. It also illustrates our positive attitude towards cooperation and co-investment, which will be an important trigger to guarantee a faster, broader and more cost-efficient roll-out. I'd like to congratulate the teams involved on both sides, as this agreement marks another major step forward to build the most future-proof and open network for Belgium and bring high-speed connectivity solutions to every citizen”.

The closing of the transaction is expected in Q1 2021, subject to customary regulatory approvals.

With this transaction, EQT Infrastructure V is expected to be 15-20 percent invested (including closed and/or signed investments, announced public offers, if applicable, and less any expected syndication) based on its target fund size, and subject to customary regulatory approvals.

Contact:
Matthias Fackler
Partner at EQT Partners and Investment Advisor to EQT Infrastructure
+49 89 25 54 99 0

EQT Press Office, [email protected], +46 8 506 55 334

About EQT

EQT is a purpose-driven global investment organization with more than EUR 75 billion in raised capital and over EUR 46 billion in assets under management across 16 active funds. EQT funds have portfolio companies in Europe, Asia-Pacific and North America with total sales of more than EUR 27 billion and approximately 159,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

More info: www.eqtgroup.com

Follow EQT on LinkedIn, Twitter, YouTube and Instagram

About Proximus

Proximus Group (Euronext Brussels: PROX) is a provider of digital services and communication solutions operating in the Belgian and international markets. Delivering communication and entertainment experiences for residential consumers and enabling digital transformation for enterprises, we open up a world of digital opportunities so people live better and work smarter. Thanks to advanced interconnected fixed and mobile networks, Proximus provides access anywhere and anytime to digital services and data, as well as to a broad offering of multimedia content. Proximus is a pioneer in ICT innovation, with integrated solutions based on IoT, Data analytics, cloud and security.

With 12,931 employees, all engaged to offer customers a superior experience, the Group realized an underlying Group revenue of EUR 5,686 million end-2019.

More info: www.proximus.com and www.proximus.be

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/eqt/r/eqt-infrastructure-and-proximus-form-partnership-to-bring-fiber-to-1-5-million-households-in-the-fle,c3244704

The following files are available for download:

https://mb.cision.com/Main/87/3244704/1340732.pdf

Press release EQT Infrastructure V Proximus JV 201127

Continue Reading

News

Prosus confirms jury for India social impact challenge

gbafNews28
  • Top startups to be announced on December 2nd ahead of International Day of Persons with Disabilities
  • The World Health Organization will collaborate with Prosus on the social impact initiative with technical advisory and support for successful startups

NEW DELHI, Nov. 27, 2020 /PRNewswire/ — Prosus, the global consumer internet group of Naspers, today announced the composition of an expert jury to adjudicate the inaugural Prosus Social Impact Challenge for Accessibility (Prosus SICA), and that the World Health Organization (WHO) has come on board to support the initiative alongside existing partners Invest India, Startup India, and Social Alpha.

Prosus Logo

Over 20 million people in India live with disabilities, and globally more than 1 billion people need one or more assistive products.1 Launched in August 2020, Prosus SICA is a social impact programme to identify and support the most promising Indian startups advancing assistive technology for persons with disabilities. Prosus has committed INR 16,500,000 over three years to this initiative, which received over 200 applications from startups across India.

Shortlisted startups are being evaluated by a jury comprising venture capitalists and startup founders, technical experts and clinicians, disability NGOs and policy experts, all of whom are well placed to work together to find the most promising startups in assistive technology.

Composition of the Prosus SICA jury:

  1. Arman Ali, Disability rights activist and Executive Director, National Centre for Promotion of Employment for Disabled People
  2. Dr Patanjali Nayar, Regional Adviser for Disability, Injury Prevention and Rehabilitation, WHO
  3. Dr K. G. Satheesh, Director, Center for Assistive Technology and Innovation, National Institute of Speech and Hearing
  4. Dr Meenu Bhambhani, VP and Head of Corporate Citizenship, Inclusion and Diversity, State Street
  5. Dr Soikat Ghosh, Assistant Director, Mobility India
  6. Dr Pooja Mukul, Director, Jaipur Foot Rehabilitation Center
  7. Dr. Senthil Kumar, Chief Innovation Officer, Association for Persons with Disability
  8. Dr. Akila Surendran, Senior Engineer (Assistive Technology), National Institute of Speech and Hearing
  9. Dr. Vinitha George, Head of Department, Audio and Speech Language Pathology, National Institute of Speech and Hearing
  10. Mr. George Sebastian, Head of eiLabs, EnAble India
  11. Dr. Sam Taraporevala, Director, Xavier's Resource Centre for the Visually Challenged
  12. Ms. Neha Trivedi, Project Consultant, Xavier's Resource Centre for the Visually Challenged
  13. Dr. M.V. Ashok, Head, Centre for Advanced Research and Excellence in Autism and Development Disorders, St. John's National Academy of Health Sciences, Bengaluru
  14. Mr. Vidit Aatrey, Founder and CEO, Meesho
  15. Mr. Raghu Gullapali, Executive Director, Global Operations, Innovation & Partnership, LV Prasad Eye Institute
  16. Prof (Dr) PVM Rao, Head, Department of Design, IIT Delhi
  17. Dr Suresh Nair, CTO, Foundation for Innovation in Social Entrepreneurship & Co-founder, Design Alpha
  18. Mr. Dipesh Sutariya, Co-founder and CEO, EnAble India

Shortlisted contestants will be whittled down to eleven finalists, who will be invited to present to an expert panel, after which the top three startups will be unveiled on December 2nd, ahead of International Day of People with Disabilities on December 3rd. The top startup will receive INR 2,500,000, and the first and second runners-up will receive INR 1,800,000 and INR 1,200,000, respectively.

All three startups will also be inducted into a new Prosus SICA mentorship programme, which will see them receive business advice from Prosus, technical advisory and support from WHO, and an opportunity to incubate with Social Alpha, an organisation focused on strengthening impact innovation and entrepreneurship across the country.

Chapal Khasnabis, Head, Access to Assistive Technology and Medical Devices Unit, WHO, Geneva said: “Collective action is required to address the needs and challenges faced in creating and providing assistive tech solutions. We are happy to support Prosus SICA to make this change and pave the way for the future.”

Sehraj Singh, Director, Public Policy and Corporate Affairs, Prosus, said: “The interest and ideas we've seen over past months confirm our belief in the pioneering thinking of Indian entrepreneurs in applying technology in a smart and scalable way to help persons with disabilities. We are grateful to have on board an impressive and diverse jury and delighted that WHO has agreed to collaborate with Prosus SICA and support the successful startups with technical advice along the way.”

Manoj Kumar, Chairman & Founder, Social Alpha, said: “We are delighted to see such a strong and diverse jury and we look forward to learning about and supporting the startups it selects. Social Alpha will work with SICA's top startups as they look to grow their businesses and, in doing so, improving accessibility to assistive technology across India.”

1 Office of the Registrar General & Census Commissioner, India and WHO

About Prosus Social Impact Challenge for Accessibility

Prosus Social Impact Challenge for Accessibility (Prosus SICA) is a Prosus-backed social impact investing challenge. Prosus is committing INR 16,500,000 over three years to Prosus SICA, and each year will award grants to the top three winning startups working in the area of accessibility. First place will receive INR 2,500,000, second place INR 1,800,000 and third place INR 1,200,000.

For further background about Prosus and partners supporting Prosus SICA, please visit:

Prosus: www.prosus.com 
Prosus SICA: Prosus launches social impact challenge for access 
Invest India: https://www.investindia.gov.in/ 
Startup India: https://www.startupindia.gov.in/ 
Social Alpha: https://www.socialalpha.org/ 
WHO: https://www.who.int/

Logo: https://mma.prnewswire.com/media/1153833/Prosus_Logo.jpg

 

Continue Reading
Editorial & Advertiser disclosureOur website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.
gbafNews28 gbafNews28
News22 mins ago

OneConnect Financial Technology cements presence in Malaysia with new entity; Launch graced by MDEC

SHENZHEN, China, Nov. 26, 2020 /PRNewswire/ — OneConnect Financial Technology Co., Ltd. (NYSE: OCFT), the leading technology-as-a-service platform provider and...

gbafNews28 gbafNews28
News22 mins ago

OKEx resumes withdrawals of digital assets

VALLETTA, Malta, Nov. 27, 2020 /PRNewswire/ — OKEx (www.okex.com), a world-leading cryptocurrency spot and derivatives exchange, has restored its full...

gbafNews28 gbafNews28
News22 mins ago

St Kitts and Nevis' Citizenship by Investment Programme Records Increased Interest from African Investors

LONDON, Nov. 27, 2020 /PRNewswire/ — According to Les Khan, CEO of St Kitts and Nevis' Citizenship by Investment (CBI)...

gbafNews28 gbafNews28
News22 mins ago

Prosus confirms jury for India social impact challenge

Top startups to be announced on December 2nd ahead of International Day of Persons with Disabilities The World Health Organization...

gbafNews28 gbafNews28
News22 mins ago

EQT Infrastructure and Proximus form partnership to bring fiber to 1.5 million households in the Flemish Region of Belgium

EQT Infrastructure and Proximus sign joint venture agreement to build a fiber-to-the-home network for at least 1.5 million households and...

gbafNews28 gbafNews28
News22 mins ago

Ultimaker appoints Jürgen von Hollen as Chief Executive Officer

Jos Burger advances to Supervisory Board UTRECHT, Netherlands, Nov. 27, 2020 /PRNewswire/ — Ultimaker, the global leader in professional 3D...

gbafNews28 gbafNews28
News22 mins ago

Manuela Baroncini joins Swiss Re Corporate Solutions as Global Head Engineering & Construction

ZURICH, Nov. 27, 2020 /PRNewswire/ — Swiss Re Corporate Solutions appoints Manuela Baroncini as Global Head Engineering & Construction (E&C), effective...

gbafNews28 gbafNews28
News30 mins ago

80+ social innovators from around the world to shape the New Normal online at the 13th Social Enterprise Summit

HONG KONG SAR – Media OutReach – 19 November 2020 – The 13th Social Enterprise Summit kicked off today in an online format....

gbafNews28 gbafNews28
News30 mins ago

Ashford Dental opens third branch in Bedok, specialising in same-day smile restoration

SINGAPORE – Media OutReach – 23 November 2020 – With the opening of their third facility in Bedok projected for end December 2020, the Ashford...

gbafNews28 gbafNews28
News30 mins ago

Round Table for the Financing of CEMAC Integration Projects – Paris, 16 & 17 November 2020

CEMAC takes up the Challenge and Mobilizes 3.8 Billion Euros to Finance Integration Projects in the CEMAC zone  PARIS, FRANCE...