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• Transaction creates a leading manufacturer of highly engineered, performance-critical bearings and motion control components

• Transaction expected to be completed by the end of the year 2021

• Cash proceeds to be used according to capital allocation priorities

ZURICH-Monday 26 July 2021 [ AETOS Wire ]

(BUSINESS WIRE) -- ABB today announced it has signed a definitive agreement to divest its Mechanical Power Transmission division (Dodge) to RBC Bearings Incorporated (Nasdaq: ROLL), for $2.9 billion in cash. The transaction will create a leading manufacturer of highly engineered, performance-critical bearings and motion control components. The transaction is expected to be completed by the end of the year 2021, subject to customary closing conditions, including regulatory review.

For more than 140 years, the Dodge business has been a leader in the design, production, and marketing of mounted bearings, enclosed gearing, and power ... Read more »

CHICAGO-Monday 26 July 2021 [ AETOS Wire ]

Global Pathways to Dairy Net Zero initiative is being created to accelerate climate change action throughout the dairy sector.

New research is being conducted to identify where positive change is possible across all types of dairy systems and regions.

The entire international dairy supply chain, which produces nutritious foods for six billion people and provides livelihoods for one billion people worldwide, is called on to increase their climate actions and join this movement.

Initiative announced at the UN Food Systems Pre-Summit (Rome) on Monday, July 26, 19.30 CEST.

(BUSINESS WIRE) -- A first-of-its-kind Pathways to Dairy Net Zero initiative is being developed to accelerate climate change action throughout the global dairy sector. Announced today at the United Nations (UN) Food Systems Pre-Summit, the climate effort will be unlike any other in agriculture in terms of size, ... Read more »

• Excessive bleeding after birth (postpartum haemorrhage or PPH) is preventable yet is a leading direct cause of maternal mortality worldwide, causing around 70,000 deaths each year1

• New formulation of carbetocin is heat-stable – meaning it doesn’t need to be refrigerated, often a challenge in low- and lower-middle income countries

• Heat-stable carbetocin is now being used in clinical practice for the first time in healthcare settings in India – more countries to follow

SAINT-PREX, Switzerland-Monday 26 July 2021 [ AETOS Wire ]

(BUSINESS WIRE) -- After nearly a decade of public-private collaboration, Ferring Pharmaceuticals today announces the first use of heat-stable carbetocin (Carbetocin Ferring) for the prevention of excessive bleeding after birth, known as postpartum haemorrhage (PPH). Heat-stable carbetocin is now available for use in healthcare facilities across India, in the prevention of excessive bleeding ... Read more »

Dubai, United Arab Emirates-Monday 26 July 2021 [ AETOS Wire ]

Arzan Wealth (DIFC) Limited (‘Arzan Wealth’), a Dubai-based advisory firm regulated by the Dubai Financial Services Authority, is pleased to announce that it has advised its client on the sale of an office building in Leiden, The Netherlands.

The sold property is a high-quality office building comprises 20,616 sq.m. of office accommodation over 10 floors with 586 car park spaces and is built according to BREEAM "Excellent" standards and located in Leiden Central Business District, The Netherlands. The property serves as the Global Headquarters of Heerema Marine Contractors, a leading marine contractor for offshore oil & gas fields.

The Heerema asset was acquired in mid-2016 as part of Arzan Wealth's yielding asset platform with an objective of producing an average annual yield of 8% to investors, and providing both predictable income and protection of capital. Arzan W ... Read more »

NEWTON, Mass. & PETACH TIVKA, Israel-Saturday 24 July 2021 [ AETOS Wire ]

(BUSINESS WIRE)-- CyberArk (NASDAQ: CYBR) today announced it was named a Leader in the 2021 Gartner Magic Quadrant for Privileged Access Management1. The company was positioned both highest in ability to execute and furthest in completeness of vision for the third time in a row.

Over the past year, CyberArk has driven significant product innovations and made it even easier for global organizations of all sizes to take a security-first approach to protecting the growing number and types of identities – wherever they exist – in the cloud, across DevOps workflows and throughout increasingly fragile supply chains. From its advanced on-premises offerings to its growing SaaS portfolio, CyberArk delivers the only Identity Security platform, centered on privileged access management, to provide unmatched customer satisfaction while boosting operational efficiencies and driving down cyber ... Read more »