First Limited today declared its financial results for the quarter ended Sept 2024.

The improvement in EBIDTA is backed by higher specialty sales, enhanced volume and better BOPP film margins. The Company has reached speciality sales of 70% of total volume in Q2, FY25 as against 64% in FY24. The Q2, FY25 EBITDA would have been higher but for one time inventory loss (drop in raw material prices during the quarter).

Pack-Smart Inc., a global leader in designing and manufacturing advanced automated solutions for digital print finishing and specialty packaging, celebrates its 25th anniversary milestone.
Over the past two decades, Pack-Smart has successfully completed more than 2,000 installations and launched 90 new products across 28 countries globally, ranging from production system upgrades to end to end integrated assembly, personalization, and packaging lines.

• 66,927 MTPA sales volume during the quarter.

• Net revenue of Rs. 19,689 million.

• EBITDA of Rs. 2,152 million.

• EBITDA margin at 10.9%.

• PAT of Rs. 377 million.

• 132,577 MTPA sales volume during H1 FY25.

• Net revenue of Rs. 38,430 million.

• EBITDA of Rs. 4,384 million.

• EBITDA margin at 11.4%.

• PAT of Rs. 855 million.

Dacke Industri continues to strengthen its global position with its acquisition of the Swedish company Stegia AB, the Nordic region’s leading supplier of integrated servomotors. Dacke Industri completed the acquisition of 70 % of the shares in Stegia AB on November 12th, 2024. The current management and owners will remain owners of 30% of the shares.

X-Rite acquires Colorware B.V., creators of MeasureColor, enhancing real-time color management solutions for converters and printers – driving greater efficiency and accuracy in color control.

Strong order situation in drupa year 2024, resulting in order backlog of €1,080.0m, the highest in the company’s history
Underpinned by the high order backlog, the final quarter is expected to be strong
Outlook for 2024 confirmed: operating EBIT at the lower end of the forecast range of €25 – 40m, revenue target of around €1.3bn
As expected, Group revenue of €819.6m after nine months below the previous year in a persistently challenging market environment – but sequential improvement evident
Non-operating special effect: Focus programme “Spotlight” and expenses for drupe impact Group EBIT as expected with €34.9m
Operating EBIT of €-20.7m after nine months; significant improvement of operating EBIT achieved in Q3 at €4.2m after €-14.7m in Q2
Improvement in free cash flow and net working capital as of 30 September
Planned implementation of the “Spotlight” focus programme to ensure that the target EBIT margin of around 6% on Group revenue of around €1.5bn is achieved by 2026 at the latest

Dataline is proud to announce the acquisition of PRAGMA Informationssysteme GmbH from Stuttgart. This marks an important step in Dataline’s European expansion and strengthens its position in the DACH region.
Part of a broader European strategy

Ten years since beginning operations and after two years of planning, SOMIC Packaging, Inc. has a new home. The Twin Cities area packaging manufacturer of automated, mechatronic retail ready machines recently completed the purchase and renovation of a 48,000 square-foot building at the InverPoint Business Park in Inver Grove Heights, Minn.

PSB Industries is pleased to report that the operation to combine its subsidiary Texen with Quadpack into a single Group, announced on 15 July this year, has been successfully completed. As part of the process, Quadpack Industries SA will be delisted from the Euronext Growth stock market in Paris.

The Electronics business of Merck completes acquisition of Unity-SC and strengthens Optronics offering to better serve the semiconductor industry.

Leveraging existing capabilities and the convergence of semiconductor and display to deliver new product offerings in optoelectronics
Strengthening competencies in optical technologies within Merck’s Display business, with strategic intent to rename business unit to “Optronics”
Completion of acquisition of Unity-SC, a provider of metrology and inspection instrumentation, expands Merck’s portfolio in key technologies for AI applications, such as Heterogeneous Integration

The INX Group Limited, a wholly owned subsidiary of Sakata INX, announced today that it has completed the acquisition of Coatings & Adhesives Corporation (C&A), a leading player in the coatings industry in North America, particularly known for its specialty products. The newly formed entity, INX International Coatings and Adhesives, will operate as a sister company alongside INX International Ink Co., united under a single management group to deliver complementary ink and coating solutions to the packaging market, marking a significant milestone in the ink and coatings industry.

• Acquisition of Altair Engineering Inc., a global leader in computational science and artificial intelligence software, strengthens Siemens’ position as a leading technology company
• Creates the world's most complete AI-powered design and simulation portfolio
• Altair shareholders to receive USD 113 per share, representing an enterprise value of USD 10 billion; the offer price represents a 19% premium to Altair’s unaffected closing price on October 21, 2024
• Siemens expects to achieve significant cost and revenue synergies
• The transaction is expected to be EPS (pre-PPA) accretive by year two post-closing