Connect with us
Prague Gaming & TECH Summit 2025 (25-26 March)

Fintech PR

Salute to expand its European operations with the strategic acquisition of Keysource Group

Published

on

salute-to-expand-its-european-operations-with-the-strategic-acquisition-of-keysource-group

LONDON, Jan. 28, 2025 /PRNewswire/ — Salute, a global leader in integrated lifecycle data centre services, is delighted to announce the signing of a definitive agreement to acquire Keysource Group (“Keysource”), a trusted provider of sustainable data centre solutions and strategic advisory services in the EMEA region for over 40 years.  The proposed acquisition is subject to regulatory approval.

Upon closing of the transaction, Salute’s EMEA presence will expand to a workforce of more than 500 talented professionals, including 130 new Keysource employees. This acquisition will strengthen Salute’s ability to address the rising demand for AI-driven infrastructure and deliver scalable and sustainable advisory solutions to global customers. 

Erich Sanchack, CEO of Salute, endorses this exciting transaction: 

“The acquisition of Keysource Group and its range of advisory services will strengthen our ability to support the rapid change in advanced technology such as AI, for data centre operations across Europe. While we already have a strong team providing technical design, build and operations advice in the Americas, we sought out the opportunity to enhance our EMEA operations. The exceptional talent and expertise that Keysource brings align perfectly with Salute’s mission to better serve our customers on the ground in all regions.”  

Key benefits of this acquisition include: 

  • European expansion: Increases Salute’s workforce in Europe to 500+ employees, establishing critical mass for operations in the EMEA region. Upon closing, Salute’s workforce will consist of over 1,800 employees worldwide. 
  • Enhanced capabilities: Boosts expertise in advisory services such as energy optimisation, sustainability and AI readiness. 
  • Market differentiation: Adds complementary services that enhance Salute’s integrated lifecycle offerings for data centre owners, operators, and investors. 

Closing of this acquisition is expected at the beginning of Q2 2025.  This transaction follows Salute’s recent series of strategic hires and internal promotions, reflecting the company’s focus on investing in talent and enhancing service capabilities to support our global customer base. 

About Salute 

Founded in 2013, Salute is a leading provider of integrated lifecycle services for data centres, operating in over 102 markets with 12 global offices and a workforce of more than 1,700 employees. The company delivers comprehensive solutions for hyperscale, cloud, colocation, and edge facilities, with a strong focus on sustainability and talent development. 

For more information: www.salutemissioncritical.com

About Keysource Group 

Keysource is a recognised leader in sustainable data centre solutions and advisory services. With decades of experience, Keysource supports the data centre industry in achieving operational efficiency, sustainability, and innovation across the entire facility lifecycle. 

Advertisement

Photo – https://mma.prnewswire.com/media/2608131/Salute_and_Keysource.jpg
Logo – https://mma.prnewswire.com/media/2608005/Salute_Logo.jpg

Salute Logo

Cision View original content:https://www.prnewswire.co.uk/news-releases/salute-to-expand-its-european-operations-with-the-strategic-acquisition-of-keysource-group-302362436.html

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Fintech PR

Advanced Materials for Extreme Environments Market to Reach $4.5 Billion by 2029

Published

on

advanced-materials-for-extreme-environments-market-to-reach-$4.5-billion-by-2029

Advanced materials for harsh conditions like high temperatures and corrosion are vital in aerospace, defense, and energy industries, boosting performance and safety. The global market is growing due to increased demand for durable solutions.”

BOSTON, Feb. 11, 2025 /PRNewswire/ — According to the latest study from BCC Research, the demand for Advanced Materials for Extreme Environments: Global Markets reached $3.2 billion in 2023 and is expected to grow from $3.4 billion in 2024 to $4.5 billion by the end of 2029, at a compound annual growth rate (CAGR) of 5.8% from 2024 to 2029.

This report examines the global market for advanced materials used in extreme environments, valued for their strength, lightweight, and durability. It analyzes the market by materials, forms, applications, industries, and regions, with revenue data and company profiles included.

Interesting facts 

  • Advanced materials can replace metal parts in aerospace, reducing aircraft weight and improving fuel efficiency.
  • In energy plants, these materials’ coatings minimize corrosion and lower maintenance costs, protecting boilers.
  • Advanced materials are widely used for dental products like braces, crowns, and implants.

Factors contributing to the market’s growth include:

  1. Growing government investments in defense: Governments are increasing investments in defense to strengthen national security, improve military technology, and address evolving threats. This includes spending on advanced weapons, equipment, and defense infrastructure.
  2. Increased demand in the aerospace industry: There is growing demand in the  aerospace industry due to the need for advanced aircraft, space exploration, and better transportation technologies.

Request a Sample Copy of Advanced Materials for Extreme Environments: Global Markets

Report Synopsis

Report Metric

Details

Base year considered

2023

Forecast period considered

Advertisement

2024-2029

Base year market size

$3.2 billion

Market size forecast

$4.5 billion

Growth rate

CAGR of 5.8% from 2024 to 2029

Segments covered

Material Type, Composition, Form, Application, End-Use Industry, and Region

Regions covered

Advertisement

North America, Asia-Pacific, Europe and Rest of the World (RoW)

Countries covered

The U.S., Canada, Mexico, Germany, France, the U.K., Japan, China, and India

Market drivers

•         Growing government investment in defense.

•         Increased demand in the aerospace industry.

 

This report addresses the following questions:

  1. What is the projected size and growth rate of the market?
    In terms of value, the global market for advanced materials for extreme environments is projected to grow from $3.2 billion in 2023 to $4.5 billion bt the end of 2029 at a compound annual growth rate (CAGR) of 5.8% during the forecast period.
  2. What factors are driving the growth of the market?
    Growing government investment in defense and Increased demand in the aerospace industry.
  3. What market segments are covered in the report?
    The market for advanced materials for extreme environments is segmented on the basis of material types, compositions, forms, applications, and end-use industries.
  4. Which end-use segment will dominate the market in 2029?
    The aerospace and defense segment will dominate at that time.
  5. Which region has the largest market share?
    North America holds the largest share of the market.

Leading companies in the market include:

  • 3M
  • Able Target Ltd.
  • Advanced Ceramic Materials
  • Atlantic Equipment Engineers
  • Coorstek Inc.
  • Denka Co. Ltd.
  • General Atomics
  • General Electric Co.
  • Innovacera
  • Jilin 11 Technology Co. Ltd.
  • Kennametal Inc.
  • Kyocera Corp.
  • Plansee SE
  • Saint-Gobain
  • Stanford Advanced Materials

Purchase a copy of the report direct from BCC Research.

For further information on these reports or to purchase one, please contact info@bccresearch.com.

About BCC Research 

Advertisement

BCC Research market research reports provide objective, unbiased measurement and assessment of market opportunities. Our experienced industry analysts’ goal is to help readers make informed business decisions, free of noise and hype.

Contact Us
Corporate HQ: 50 Milk St. Ste 16, Boston, MA 02109, USA
Email: info@bccresearch.com,
Phone: +1 781-489-7301

For media inquiries, email press@bccresearch.com or visit our media page for access to our market research library.

Any data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher.

Logo: https://mma.prnewswire.com/media/2183242/BCC_Research_Logo.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/advanced-materials-for-extreme-environments-market-to-reach-4-5-billion-by-2029–302373860.html

Continue Reading

Fintech PR

The British Virgin Islands secures BBB/A-2 sovereign credit rating by S&P

Published

on

the-british-virgin-islands-secures-bbb/a-2-sovereign-credit-rating-by-s&p

Agency action and stable outlook underscore territory’s stability, position as global financial services hub

ROAD TOWN, British Virgin Islands, Feb. 11, 2025 /PRNewswire/ — The British Virgin Islands’ investment in its institutional framework and economic development has designated the territory’s sovereign credit rating as investment grade BBB/A-2 by S&P. The rating was accompanied by a “stable” outlook, indicating that the BVI is on sound footing as a hub for global financial services and warrants increased investor confidence. The internally self-governing territory was noted for a prudent approach to managing public finances and working to mitigate risks in its environment.

This credit rating is expected to lower borrowing costs for government projects, benefitting residents and businesses through enhancements to infrastructure and public services as well as economic growth opportunities. The S&P rating provides an opportunity for businesses operating in the BVI to have increased access to financing, as well, which could improve trade relationships and overall market stability. The territory is fully committed to ensuring the long-term stability and opportunity that this rating is and will continue to be based on.

“The British Virgin Islands has made a strong, long-term commitment to accountability, transparency and responsibility in fiscal matters, and our efforts have not gone unnoticed. We are pleased to share our sovereign credit rating by S&P — a result that has involved considerable time and effort and that will secure economic opportunity for our territory and for those who choose to do business here,” said the Honorable Dr. Natalio D. Wheatley, Premier and Minister of Finance for the BVI. “This rating signifies that our global financial services industry rests on a solid foundation; moreover, it is poised to meet the complex and diverse needs of today’s savvy investors.”

The credit agency’s review noted a demonstration of the territory’s institutional stability — including its fiscal discipline and prudence and its consistent, sustainable economic policies — as well as potential for near-term economic growth. Moreover, with the U.S. dollar as its official currency, the BVI has “a stable institutional and economic anchor” that supports stability, and its banking system is considered generally well capitalized.

“Beyond providing our international business clientele with the reassurance they seek in establishing commitments in and conducting timely and sensitive transactions through the BVI, this credit rating is a boon to our local economy,” continued Wheatley.

The BVI’s creditworthiness and stable outlook speak to resilience and stability, placing the territory on par with other globally recognized financial centers. The rating supports assurance to institutional investors, global financial institutions, development partners and others who conduct business within the territory, which is proving an attractive destination for foreign direct investment and private sector opportunities. Further, the BVI’s clear commitment to maintaining a long-term economic strategy, regulatory framework and transparency contributed to its trusted reputation among global businesses, asset managers and financial services firms.

About the Ministry of Finance of the Government of the Virgin Islands
The Ministry of Finance is committed to managing the financial affairs of the Government of the Virgin Islands. Its primary duties include formulating and implementing fiscal policies, overseeing public sector budgets, managing government revenues and expenditures, and ensuring compliance with financial regulations and standards. More information is available at bvi.gov.vg/ministry/ministry-of-finance.

Media Contact
Kristen Sharkey
FINN Partners
+1 203 644 4899
kristen.sharkey@finnpartners.com

Logo – https://mma.prnewswire.com/media/2616992/Government_of_the_Virgin_Islands.jpg

Advertisement

Cision View original content:https://www.prnewswire.co.uk/news-releases/the-british-virgin-islands-secures-bbba-2-sovereign-credit-rating-by-sp-302373007.html

Continue Reading

Fintech PR

Fayafi Investment Holding copper isotope backed securities to begin trading on Feb 14th, 2025

Published

on

fayafi-investment-holding-copper-isotope-backed-securities-to-begin-trading-on-feb-14th,-2025

Securities offer up to 15% annual yields paid in fiat or digital assets.

DUBAI, UAE, Feb. 11, 2025 /PRNewswire/ — Fayafi Investment Holding (Bloomberg: SPV Fayafi Investment), the first UAE firm to be registered on the SIX Swiss Exchange and listed on the Vienna Stock Exchange, will see its SPV Fayafi Investment securities begin trading on Bloomberg trading desks from February 14th, 2025.

The SPV Fayafi Investment securities are backed by isotope copper, a rare commodity more expensive per gramme than gold, which has crucial applications across medicine, aerospace and renewable energy. The SPV has issued $3.6B of Euroclear security certificates at a price of USD 100 per certificate, backed by isotope copper reserves physically present in its Dubai vaults.

$1.44B of these securities will be initially released for trading on February 14th at 9am CET. They will be available to sophisticated investors via Bloomberg trading desks and the Bloomberg terminal.

The Euroclear securities offer up to 15% annual yields, paid out by Fayafi Investment Holding in USDT or Bitcoin. In a world first, investors can also swap their securities for fiat and then convert to popular digital assets including USDT, USDC or Bitcoin.

“From an analyst’s perspective, Fayafi Investment Holding SPV’s copper isotope securities are world-firsts in several ways. First, it is rare for isotope copper to be securitized and offered to investors. Then, the 15% yields on these Euroclear securities are also very attractive. Finally, the fact that investors can bank these yields in either fiat or cryptocurrencies, and in fact swap securities to digital assets, makes them a very interesting proposition. They are potentially the only SPV to offer this service for Euroclear securities,” explains Ahmed Mahdy, founder of investment consulting firm Lunar Investment Group and former Director of Azimut DIFC.

Fayafi Investment Holding SPV remains confident in the long-term enduring value of the isotope copper reserves underpinning its securities. Isotope copper’s production is limited to specialized facilities using nuclear reactors, cyclotrons, or isotope separation plants. The metal’s supply remains niche and highly valuable, with controlled distribution for high-tech applications.

Fayafi Investment Holding is an Emirati-founded Special Purpose Vehicle (SPV) headquartered in the Dubai International Financial Centre (DIFC). Its aim is to deliver financial innovation and sustainable growth while also empowering industries and catalysing solutions towards a better world for generations to come.

Key Details: 

Issuer of the Note: AIS PCC Limited
Issued: European Depositary Bank SA, 3 Rue Gabriel Lippmann, 5365 Munsbach Schuttrange, Luxembourg
Bloomberg: SPV Fayafi Investment
Registered: SIX Swiss Exchange
Listed: Vienna Stock Exchange
Launch Date: February 14, 2025
Opening Valuation: $3.6 Billion
Price Per Securities Certificate: $100
Total Securities Certificates: 36 million
Initially released for trading: $1.44 Billion
Custodian / Insure: Ferrari Logistics, DMCC, Dubai, UAE
Valuator & Asset Auditor: Institut für seltene erden und metalle AG, Lucern, Switzerland 

Advertisement

Opening Valuation: $3.6 Billion Price Per Securities Certificate: $100

Total Securities Certificates: 36 million

Custodian / Insure: Ferrari Logistics, DMCC, Dubai, UAE

Valuator & Asset Auditor: INSTITUT FÜR SELTENE ERDEN UND METALLE AG, Lucern, Switzerland

FAYAFI Investment Holding; media@fayafi.ch; DIFC, Dubai, UAE

Photo – https://mma.prnewswire.com/media/2617871/Ahmed_Mahdy_and_Patrick_Pilati.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/fayafi-investment-holding-copper-isotope-backed-securities-to-begin-trading-on-feb-14th-2025-302373810.html

Continue Reading

Trending