MANAMA, Bahrain, Nov. 5, 2024 /PRNewswire/ — A total of 32 landmark announcements and deals over USD 12 billion were announced at the second edition of Gateway Gulf 2024, which ran between 3 – 4 November. Organised by Bahrain Economic Development Board (Bahrain EDB), the forum was attended by 250 ministers and business leaders from around the world and highlighted significant trade and investment opportunities in Bahrain and the wider Gulf, as the region’s economies increasingly drive growth in non-oil sectors.

In finance, Al Salam Bank (ASB) announced the launch of ASB Capital, a newly established Category 3A asset management firm licensed by the Dubai Financial Services Authority (DFSA). Investcorp announced key investment related initiatives, and SICO Bank introduced diversified investment products. J.P. Morgan Payments announced plans to hire technologists in Bahrain. Additionally, Singapore Gulf Bank announced the launch of corporate banking services for the global digital economy.

Highlighting Bahrain’s digital transformation momentum, ARRAY Innovation signed three partnerships with the National Bank of Bahrain (NBB), Aluminium Bahrain (Alba), and the Labour Fund (Tamkeen) to promote advanced enterprise software, analytics, artificial intelligence, and machine learning solutions. Beyon unveiled its visionary digital city and signed a development agreement with Edamah.

In manufacturing, Alba and Daiki Aluminium reaffirmed their commitment to establishing a sustainable aluminium dross processing facility in the Kingdom of Bahrain. Racing Force Group and Bahrain International Circuit announced the completion of the Bell Racing Helmets factory extension and groundbreaking for its new open manufacturing production (OMP) facility. Meanwhile, Bapco Energies also announced reaching a decisive milestone of expanding its refining capacity in compliance with the latest sustainability regulations under Bapco Modernisation Program (BMP).

Key projects were announced by Edamah, the real estate arm of Bahrain Mumtalakat Holding Company, including the opening of its latest resort Hawar by Mantis. Infracorp, a leading company specialised in infrastructure investment and sustainable development, revealed an agreement with Kempinski to launch Harbour Heights Kempinski Hotel and exclusive branded residences in the heart of Manama’s exclusive Bahrain Harbour.

Government announcements included details from Bahrain’s Ministry of Industry & Commerce about a National Industrial Development Fund and SMEs Development Fund. The Ministry of Housing and Urban Planning outlined plans for the development of 3,000 residential units and apartments in Khalifa City, while Mumtalakat, Bahrain’s sovereign wealth fund, signed several partnership agreements across key verticals of their portfolio.

Photo – https://mma.prnewswire.com/media/2549196/Bahrain_Gateway_Gulf.jpg

View original content:https://www.prnewswire.co.uk/news-releases/gateway-gulfs-second-edition-concludes-on-a-high-note-with-over-usd-12-billion-of-announcements-and-deals-302296497.html

DUBAI, UAE, Nov. 5, 2024 /PRNewswire/ — In an impressive demonstration of agility and foresight, FBOX has embarked on a series of transformative initiatives over the past two months, affirming its status as a pioneering leader in the cooling industry.

At the recent exhibition Bitcoin Amsterdam, FBOX introduced its revolutionary clean energy green mining solution. The innovation effectively addresses the critical challenge of unstable power output in renewable energy mining, showcasing the company’s commitment to sustainability and eco-friendly practices.

Following this significant launch, FBOX made a strong entry into the data center liquid cooling sector at Gitex Global in Dubai. This strategic move highlights the company’s advanced cooling technologies, meticulously designed to meet the evolving demands of modern data centers and ensure optimal performance, enabling broader applications of cooling technology across various industries.

The momentum continued at the Blockchain Life Dubai, where FBOX unveiled a specialized cooling solution tailored for the Antminer S21 immersion miner. This initiative underscores FBOX’s dedication to delivering customizable, state-of-the-art solutions for the cryptocurrency mining industry, reinforcing its adaptability in a rapidly changing industry.

Looking ahead, FBOX will be exhibiting at the upcoming SC 24, the International Conference for High Performance Computing, Networking, Storage, and Analysis in Atlanta, USA in November. With two strategically positioned booths showcasing its innovative data center liquid cooling products, the company signals its commitment to establishing a robust presence.

These swift advancements underscore FBOX’s dynamic growth trajectory and strategic focus on capitalizing on high-demand markets. As the company continues to innovate, it remains dedicated to fostering sustainable solutions and driving excellence in the cooling solutions industry.

About FBOX

FBOX is a leading solution provider in the cooling industry, renowned for its innovative immersion, hydro, and air-cooling products. Committed to advancing cooling technology, FBOX offers stable, high-performance cooling solutions that are highly compatible across diverse environments.

By enabling efficient overclocking while ensuring thermal stability, FBOX products are widely adopted in North and South America, as well as the Middle East, positioning the company as a trusted leader in the market.

For additional details, visit:

Advertisement

Official Site: www.fboxdata.com 

LinkedIn: FBOXDATA

Twitter: FBOXDATA

View original content:https://www.prnewswire.co.uk/news-releases/fbox-accelerates-growth-and-innovation-in-the-cooling-industry-with-strategic-initiatives-302296487.html

• Closing of transaction following the receipt of all required regulatory approvals
• TTP Group is a leading engineering firm specializing in biotech and pharmaceutical industries
• Clients include blue-chip companies from biotech and pharma sectors across Europe
• Exyte CEO Büchele: “The acquisition of TTP brings additional engineering expertise, experience, and business opportunities to Exyte, particularly in the thriving European biopharma and life sciences markets.”

STUTTGART, Germany, Nov. 5, 2024 /PRNewswire/ — Exyte, a global leader in the design, engineering, and delivery of high-tech facilities, has successfully completed the acquisition of TTP Group (“TTP”). The transaction, announced in September 2024, has closed following the receipt of all required regulatory approvals.

TTP is a specialized and trusted partner for blue-chip clients in the biotech, pharma and chemical industries across Europe. The company, through its two operational brands ‘Pharmaplan’ and ‘Triplan’, covers the entire service spectrum from Engineering to Procurement, Construction Management, and Validation.

Exyte will combine TTP’s operations with its own Biopharma and Life Sciences activities in Europe, aiming to establish an even stronger partnership with the rapidly growing European biotechnology and pharmaceutical sectors. This acquisition further solidifies Exyte’s position as a global player in the pharma market, enhancing its presence and capabilities in Europe.

Exyte CEO Dr. Wolfgang Büchele says, “This strategic move is an important step for Exyte on our ‘Pathway to Ten’ and aligns perfectly with our future agenda ‘Next Level’. By combining TTP’s engineering expertise with Exyte’s project execution capabilities, we will strengthen our presence in Europe’s biotech and pharma sectors, offering clients comprehensive support from strategic planning to facility delivery.”  

Dr. Andreas Bonhoff, CEO of TTP Group, states, “TTP and Exyte share the ambition to offer innovative, sustainable solutions, and together, we will continue to expand in the growing market for pharmaceutical facilities. The combination of our strengths is a win for our clients and a positive step towards a successful future.”

Strategic expansion of Biopharma & Life Sciences

The Global Business Unit Biopharma and Life Sciences, led by President Ronan Donohue, is the second-largest segment of Exyte by sales. Revenue of Biopharma and Life Sciences reached €580 million in 2023. The order intake grew by 12 percent to €650 million. As part of the “Next Level” agenda, the segment’s sales are expected to continue growing, with its share of total sales increasing further. In the medium term, Exyte’s business segment Biopharma and Life Sciences plans to achieve more than €1.5 billion in sales. Donohue says, “The combination of TTP with our current European organization in the Biopharma and Life Science business segment is a key accelerator for the growth of the Global Business Unit.”

About Exyte

Exyte is a global leader in the design, engineering, and delivery of ultra-clean and sustainable facilities for high-tech industries. With cutting-edge expertise developed over more than a century, the company serves clients in the sophisticated markets of semiconductors, battery cells, pharmaceuticals, biotechnology, and data centers. Exyte offers a full range of services from consulting to managing the implementation of built complete solutions with the highest standards in safety and quality to its customers worldwide. Exyte creates a better future by enabling key industries to enhance the quality of modern life. In 2023, the company generated sales of €7.1 billion with around 9.900 employees worldwide. www.exyte.net

Advertisement

About TTP

TTP Group is a corporate group specializing in consulting and engineering services for the process industry. With more than 1,000 employees working under the operational brands Pharmaplan and Triplan, the company operates at 27 locations in Belgium, Germany, France, Austria, and Switzerland. Pharmaplan covers the entire value chain of pharmaceutical engineering, from consulting to the execution of EPCM projects and upgrades, qualification and validation as well as local site support. Triplan, as a leading engineering partner for the chemical industry, provides the technical development of new construction, renovation projects, and the optimization of existing facilities. With its two strong brands, established for over 50 years, the TTP Group is considered one of the leading engineering service providers in Europe. www.ttp-group.eu

Contact

Samy Abdel Aal
Public Relations Manager

Phone: +49 711 880 44 696
Mobile: +49 172 840 33 01
[email protected]
www.exyte.net

Photo – https://mma.prnewswire.com/media/2548613/Exyte_TTP.jpg
Logo – https://mma.prnewswire.com/media/1487100/Exyte_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/exyte-completes-acquisition-of-ttp-group-302296475.html