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Silver Lake is merging Cegid and Silae into a €10bn French software group

Artificial Intelligence, Business, Digital Marketing, Europe, Investors and funding, Merge and Acquisition, SEO Tips, Technology /

Silver Lake is merging two companies it already owns. Cegid and Silae are both French. Both are majority-owned by the American private equity firm. On Wednesday they announced their intention to merge. The deal is expected to value the combined group at more than €10bn in enterprise value. Silver Lake will remain the majority shareholder. […]

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Covenant leaves stealth with Anthem and factories in three countries

Deep tech, Defence, Digital Marketing, Europe, SEO Tips, Startups and technology, Technology, United States /

A defence company nobody had heard of on Tuesday opened a 105,000 square foot missile factory in Texas on Wednesday. Covenant came out of stealth this morning. It announced Anthem, a long-range weapon system it says is designed for production in the thousands, along with more than $250m raised across three rounds and roughly $150m […]

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A $1bn Spanish data centre deal, with no customer and no address

Artificial Intelligence, Business, Digital Marketing, Europe, Government and policy, SEO Tips, Sustainability, Technology /

HSCALE has signed a contract worth more than $1bn with an American cloud provider it will not name, for a Spanish data centre campus it will not locate. The company announced the deal this week. It describes the customer only as “a significant global cloud provider” and the site only as “a strategic metropolitan area […]

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Amkor is taking its Arizona chip packaging campus to $12bn

Business, Deep tech, Digital Marketing, Europe, semiconductors, SEO Tips, Technology, United States /

Amkor is roughly tripling the size of the chip packaging campus it is building in Arizona. The company announced phase 2 on Tuesday. It adds 60,000 square metres of cleanroom to the 33,000 already planned, taking the site to about 93,000 square metres, and lifts the total planned investment to approximately $12bn. Construction starts in […]

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Chime is paying $590m for its own sponsor bank

Business, Digital Marketing, Europe, Finance, Fintech and ecommerce, SEO Tips, Technology, United States /

Chime is buying the bank that has held its customers’ money for seven years. The company announced on Tuesday that it has agreed to acquire Stride Bank of Enid, Oklahoma, for $590m in cash. Stride will become Chime Bank and operate as a wholly owned subsidiary. Closing should follow in the first half of 2027. […]

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EU proposes a single procurement rulebook with a European preference for public buyers

Digital Marketing, Europe, SEO Tips, Technology /

The European Commission has proposed replacing the EU’s public procurement directives with a single regulation that would apply directly across the bloc. The proposal would introduce a European preference framework for public contracts and create the basis for a digital marketplace connecting tender systems across all 27 member states. The proposal was adopted in Brussels […]

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Google will invest €13bn in four Finnish data centre sites over two years

Artificial Intelligence, Digital Marketing, Europe, Google, Investors and funding, SEO Tips, Technology /

Google will spend €13bn on data centre infrastructure across four Finnish sites during 2027 and 2028, its largest single investment in Europe, the company announced the plan today. The money covers Hamina, where it has operated since 2009, alongside Kajaani, Muhos and Vaala. Alongside it comes a 22-year power purchase agreement with Fortum supporting the […]

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EU auditors say AI is helping tobacco smugglers pick their next target

Artificial Intelligence, Digital Marketing, Europe, SEO Tips, Technology /

The European Court of Auditors has published two findings that sit awkwardly together. The EU has no reliable picture of the size or structure of its illicit tobacco market. The criminal networks running that market, according to the auditor who led the report, are using artificial intelligence to work out where to move next. Special […]

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The Exploration Company raises $450m to build a rocket engine

Business, Deep tech, Digital Marketing, Europe, Investors and funding, SEO Tips, Space, Technology /

The Exploration Company has raised $450m. Most of it goes into something the company is not yet famous for. Not Nyx, the reusable capsule that has drawn the contracts and the SpaceX comparisons. An engine. Kate Duffy reported the round for Bloomberg. Founder and chief executive Hélène Huby told her why the balance falls that […]

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China’s answer to ASML runs on Zeiss lenses, Financial Times reports

China, Deep tech, Digital Marketing, Europe, Government and policy, semiconductors, SEO Tips, Technology /

China’s effort to build its own chipmaking machines finally has a coordinator. It is Huawei. And the flagship machine it is coordinating still runs on German lenses. Eleanor Olcott and Zijing Wu reported the arrangement for the Financial Times, citing multiple people familiar with the matter. TNW has not independently verified it. Huawei is investing […]

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