Latest news with #SEMCO
Malaysian Reserve
11 hours ago
- Business
- Malaysian Reserve
Hyperscale Data Subsidiary Alliance Cloud Services Enters Agreement with Local Utility Provider to Advance Natural Gas Infrastructure for Michigan Data Center
Natural Gas Pipeline Infrastructure to Enable Approximately 40 MW of Incremental Power to Michigan Data Center LAS VEGAS, July 29, 2025 /PRNewswire/ — Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company ('Hyperscale Data' or the 'Company'), today announced that its indirect wholly owned subsidiary, Alliance Cloud Services, LLC ('ACS'), has entered into an engineering design agreement (the 'Agreement') with SEMCO Energy Inc., d/b/a SEMCO Energy Gas Company ('SEMCO'), to initiate the design and planning of new natural gas distribution infrastructure to enable approximately 40 megawatts ('MW') of incremental on-site power generation capacity at ACS' Michigan data center (the 'Michigan Site'). Key terms of the Agreement include: Scope: SEMCO will conduct all preliminary engineering and design work required for pipeline routing, metering infrastructure, and related equipment to deliver increased natural gas capacity; Future Expansion: The parties intend to negotiate a definitive facility construction agreement within the next several months, which would cover construction, installation, and operation of the new infrastructure; and Project Timeline: Facility construction, once initiated, is expected to be completed within 15 months from execution of the construction agreement. 'This Agreement marks a key milestone as we expand the infrastructure that powers our Michigan Site,' said Will Horne, Chief Executive Officer of Hyperscale Data. 'With SEMCO's experience and support, we are laying the foundation for high-efficiency, on-site power generation to meet the growing demands of the artificial intelligence industry.' SEMCO and ACS are committed to working collaboratively to finalize plans and move toward the construction phase later this year, subject to regulatory approvals and the completion of all necessary due diligence. For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors, and any other interested parties read Hyperscale Data's public filings and press releases available under the Investor Relations section at or available at About Hyperscale Data, Inc. Through its wholly owned subsidiary Sentinum, Inc., Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging artificial intelligence ('AI') ecosystems and other industries. Hyperscale Data's other wholly owned subsidiary, Ault Capital Group, Inc. ('ACG'), is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Hyperscale Data currently expects to divest itself of ACG (the 'Divestiture') on or about December 31, 2025, though there can be no assurance that the Divestiture will be completed during 2025. Upon the occurrence of the Divestiture, the Company would solely be an owner and operator of data centers to support high-performance computing services, though it may at that time continue to operate in the digital asset space as described in the Company's filings with the SEC. Until the Divestiture occurs, the Company will continue to provide, through ACG and its wholly and majority-owned subsidiaries and strategic investments, mission-critical products that support a diverse range of industries, including an AI software platform, social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through a licensed lending subsidiary. Hyperscale Data's headquarters are located at 11411 Southern Highlands Parkway, Suite 190, Las Vegas, NV 89141. On December 23, 2024, the Company issued one million (1,000,000) shares of a newly designated Series F Exchangeable Preferred Stock (the 'Series F Preferred Stock') to all common stockholders and holders of the Series C Convertible Preferred Stock on an as-converted basis. The Divestiture will occur through the voluntary exchange of the Series F Preferred Stock for shares of Class A Common Stock and Class B Common Stock of ACG (collectively, the 'ACG Shares'). The Company reminds its stockholders that only those holders of the Series F Preferred Stock who agree to surrender such shares, and do not properly withdraw such surrender, in the exchange offer through which the Divestiture will occur, will be entitled to receive the ACG Shares and consequently be stockholders of ACG upon the occurrence of the Divestiture. Forward-Looking Statements This press release contains 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as 'believes,' 'plans,' 'anticipates,' 'projects,' 'estimates,' 'expects,' 'intends,' 'strategy,' 'future,' 'opportunity,' 'may,' 'will,' 'should,' 'could,' 'potential,' or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company's business and financial results are included in the Company's filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company's Forms 10-K, 10-Q and 8- K. All filings are available at and on the Company's website at
Yahoo
09-07-2025
- Business
- Yahoo
SEMCO Technologies surges in market debut as latest French tech IPO
By Gianluca Lo Nostro and Jerome Terroy (Reuters) -Shares of SEMCO Technologies surged 41% in their Paris trading debut on Wednesday, as the French chipmaking equipment supplier became the second technology company to be listed in the French capital this year. The Montpellier-based company raised 45 million euros ($48.5 million) through its initial public offering (IPO) on Paris' junior exchange Euronext Growth, giving it a market value of 154 million euros at the listing price of 15 euros per share. SEMCO follows artificial intelligence startup LightOn, which became Europe's first listed generative AI company when it debuted in Paris in November, and consumer credit firm Younited Financial, which completed the first French IPO of 2025 in January. Investor appetite for European technology companies remains strong, particularly those serving the booming semiconductor industry driven by demand for AI-enabling technologies. SEMCO makes electrostatic chucks, or "eChucks" — arms that handle silicon wafers during production. These devices use electrical charges to grip the thin silicon discs without physical clamps. The IPO was heavily oversubscribed, with institutional investors bidding 5.5 times the available shares and retail investors oversubscribing by more than 7 times. SEMCO plans to use the proceeds to expand its manufacturing capacity, invest in new technology and strengthen its international presence, CEO Laurent Pelissier said in a statement. It targets revenue of about 33 million euros in 2025 and more than 55 million euros by 2028, with a profit margin exceeding 40%. The listing came at a time when Euronext is seeking to boost European IPO activity through initiatives like the European Common Prospectus, launched in April to streamline cross-border listings. SEMCO is a subsidiary of Grenoble-based ECM Group. ($1 = 0.9278 euros) Sign in to access your portfolio
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Business Standard
04-07-2025
- Business
- Business Standard
GMM Pfaudler arm to acquire Semco Technologia; share price rises 3%
GMM Pfaudler shares witnessed a surge of over 3 per cent, logging an intraday high of ₹1,280 on Friday, after its subsidiary firm acquired SEMCO Tecnologia for ₹158 crore. The deal will be funded via internal accruals and debt. As per the exchange filing, the transaction is expected to close in the second quarter of financial year 2025-26 (Q2FY26). At 01:00 PM, GMM Pfaudler shares were trading at ₹1,263.40, up by 1.90 per cent on the National Stock Exchange. In comparison, the Nifty50 was trading in the red territory, down by 46 points or 0.18 per cent. So far this year, shares of the company have witnessed a single-digit surge of 5.3 per cent on the NSE. However, on an annual basis, GMM Pfaudler shares have declined by more than 9 per cent. The corrosion-resistant equipment manufacturer will acquire SEMCO via its wholly owned subsidiary firm, Pfaulder Ltda. "The acquisition of SEMCO strengthens our mixingtTechnologies platform and provides us with direct access to the fast-growing mining sector in Brazil. This strategic move will enhance our global presence by adding products, technologies, and process know-how to our portfolio," said Tarak Patel, managing director, GMM Pfaudler. SEMCO, headquartered in Brazil, has a strong presence in various industries, including metals & mining, renewable fuels, water & wastewater treatment, chemicals and petrochemicals. "We are thrilled to join the GMM Pfaudler group and gain access to the company's extensive product portfolio and well-established global sales network," Rodrigo C. Franceschini, CEO of Semco, said in a recent exchange filing. Brazil is among the leading producers of iron ore, copper and bauxite, which has spurred demand for crushing, filtration, mixing and slurry handling equipment. As per data, the country's mining sector will attract investments worth over $50 billion in the next 5 years. About GMM Pfaudler GMM Pfaudler designs and manufactures corrosion-resistant technologies and systems and provides services to diversified industries, including chemical, pharmaceutical, and other process industries. The company has 18 manufacturing locations with a strong presence across 4 continents. GMM Pfaudler, formerly Gujarat Machinery Manufacturers, was established in 1962.
Business Upturn
04-07-2025
- Business
- Business Upturn
GMM Pfaudler to acquire Brazil-based SEMCO for Rs 158 crore
GMM Pfaudler Ltd has entered into an agreement through its wholly owned subsidiary, Pfaudler Ltda. in Brazil, to acquire 100% of SEMCO Tecnologia em Processos Ltda. The agreement was signed on July 3, 2025, and the acquisition is expected to close in the second quarter of FY26. SEMCO, headquartered in São Paulo, Brazil, operates in the industrial machinery manufacturing sector. Founded in 1953, the company has over four decades of experience in industrial mixing technologies. It serves a broad range of industries such as metals and minerals, renewable fuels, water and wastewater treatment, and the chemical and petrochemical sectors. SEMCO also runs its own R&D and testing center. The acquisition will be completed for a total consideration of USD 18.5 million (approximately INR 158 crore) on a cash and debt-free basis. GMM Pfaudler will fund the deal using internal accruals and debt. The acquisition does not involve any related party transactions and requires no regulatory approvals. GMM Pfaudler aims to strengthen its mixing technologies portfolio and expand its presence in the South American market through this acquisition. SEMCO's annual net sales over the past three years were BRL 85.19 million in 2024 (INR 132.74 crore), BRL 72.98 million in 2023 (INR 120.72 crore), and BRL 70.48 million in 2022 (INR 107.25 crore), based on average exchange rates. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
