Spanish Cement Manufacturer Takes Over Calucem
Spanish cement producer Cementos Molins has taken over a full stake in Calucem, the owner of the Pula cement plant, from the Italian private equity fund Ambienta SGR. The value of the transaction, as it is unofficially known, is around 150 million euros. The transaction should be fully completed in the last quarter of this […]
Croatian-American ReversingLabs secured a $56m investment
Croatian-American company ReversingLabs has secured an investment worth $ 56 million in its Series B financing round, it was announced. Mario Vuksan and Tomislav Peričin founded ReversingLabs back in 2009 and today offer a range of products and solutions in the field of corporate cyber security. The $56 million investment was secured by a group […]
The first regional fund for connecting science and business in the EU is launched
Today, the Croatian Bank for Reconstruction and Development (HBOR) signed an agreement with the European Investment Fund (EIF) and SID Bank, the Slovenian Export and Development Bank, establishing the first regional platform for launching a fund to finance the commercialization of innovative technological and scientific solutions in Croatia and Slovenia. universities, research institutes and centers […]
Infobip makes new acquisition
Infobip has announced a new, third acquisition in just seven months. This time it is the Irish IT company Anam Technologies, the world’s leading provider of SMS firewall services. Infobip and Anam together will provide technical solutions for more than 700 mobile operators globally covering 64% of the world’s mobile devices. The value of the […]
UiPath IPO
The most valuable startup in Southeast Europe, UiPath IPO listed its shares on the New York Stock Exchange on Wednesday. Romania’s UiPath, which develops software robots used by companies around the world to automate employee repetitive jobs, has set the starting price for its shares at $56. UiPath (PATH) exceeded expectations with an initial public […]
Fortenova Group Sells Ledo for 615 Million EUR
Fortenova Group signed contract with Nomad Foods to divest its frozen food business. Fortenova Group and Nomad Foods Limited have signed a purchase agreement for the Frozen Food Business Group, which consists of Ledo plus, Ledo Čitluk and Frikom and several smaller affiliates. The value of the transaction is 615 million EUR, on a cash-free […]
Porsche increases stake in Rimac Automobili to 24%
Rimac Automobili, the Croatian company which produces and develops high-tech components for electromobility, known for its electric hypercars and batteries, has received yet another investment from Porsche AG. On March 8th, Porsche stated, it invested EUR 70 million into Rimac, which means that Porsche’s stake in Rimac is now at 24%, from 15%. This is […]
Croatian startups to watch in 2021
Novac.HR, the economic section of Jutarnji list presented the first independent list of domestic young, innovative technology companies worth following in the following year called: “Novac.HR TOP 10 Croatian startups to monitor in 2021.”. This is the first list in Croatia compiled by professionals who work with Croatian startups on a daily basis, invest in […]
INFOBIP is the first official Croatian UNICORN
Announcement on July 30, 2020. that the US private equity firm One Equity Partners is partnering with Infobip in their $200 million Series A round at a $1 billion valuation may not seem groundbreaking in the international technology market yet for a small mostly tourism-driven country like Croatia it certainly is. It is a sign […]