Technology

Danfoss to create a leading global player in Fluid Conveyance

Published

2 months ago

July 10, 2026

Danfoss signs definitive agreement to acquire Alfagomma, bringing together two highly complementary businesses to strengthen customer partnerships and creating a leading global player in Fluid Conveyance.

NORDBORG, Denmark, July 10, 2026 /PRNewswire/ — Today Danfoss announced that it has signed a definitive agreement to acquire Alfagomma, a global manufacturer of hoses and fittings headquartered in Vimercate, Italy.

The acquisition supports the strategic focus to accelerate profitable growth in line with Danfoss’ long-term strategy.

Alfagomma will become part of the Fluid Conveyance division, a core business within the Danfoss Power Solutions segment, creating a leading global player in fluid conveyance that strengthens the ability to serve customers globally.

“The acquisition of Alfagomma is a significant milestone for Danfoss and an important strategic step in executing our long-term strategy. By bringing together these two businesses, we form a leading global player in fluid conveyance, giving us complementary capabilities, greater scale, and the global presence needed to better serve all our customers and accelerate future growth. We are excited to welcome talented colleagues from a company we have long admired for its dedicated and competent people, strong customer partnerships, and industry-leading expertise and service,” said Kim Fausing, President and CEO of Danfoss.

Founded in 1956, Alfagomma is a privately owned global manufacturer and distributor of hoses and fittings under the brand names ALFAGOMMA, Dunlop Hiflex, and Argus. The company’s products are used in mobile hydraulics, industrial applications including mining and oil & gas, marine, shipbuilding, and other industries.

Alfagomma has a strong global presence with 28 production and assembly sites, about 4,500 employees, and sales of approximately EUR 600 million.

“Alfagomma is an excellent strategic fit for Danfoss Power Solutions. Our businesses are a perfect match, with limited overlap and significant opportunities to create value for customers around the world. By combining our technologies, manufacturing footprint, and global market presence, we will strengthen partnerships and expand our ability to support customers wherever they operate across mobile and industrial hydraulics and other industrial applications. Alfagomma comes with a great reputation and will add expertise in industrial applications such as oil & gas and mining where they truly excel. Most importantly, we are bringing together two teams with strong customer focus that share a strong passion for solving complex application challenges. We are happy to welcome the Alfagomma team to Danfoss Power Solutions,” said Daniel Winter, President, Danfoss Power Solutions.

Danfoss Power Solutions’ Fluid Conveyance division manufactures hoses and fittings for vehicles, aircraft, marine, mining, food and beverage, mobile and industrial equipment, and other applications.

“Alfagomma is one of the most respected names in our industry. By bringing together two businesses with complementary strengths, we are creating a leading global player in the hose and fittings industry with exceptional manufacturing, distribution, and strong application know-how. This combination strengthens our ability to support customers globally and creates a strong platform for sustainable, long-term growth,” said Domenico Traverso, President, Fluid Conveyance, Danfoss Power Solutions.

The Board of Receivers of Alfagomma said in a statement:

“This transaction represents the successful outcome of a structured process aimed at preserving business continuity and securing long-term value for Alfagomma and its stakeholders. In Danfoss, we have found the right, important industrial partner: a family-owned, leading global company that shares its values and long-term vision, with a clear commitment to strengthen the operations, support the industrial base, and ensure stability, growth, and continued investment in the people, capabilities, and operations of Alfagomma. We consider that this is the best possible outcome for the company, its employees, customers, and suppliers, and for the industrial communities in which Alfagomma operates. In our role of receivers appointed at the end of May 2025, we believe that we have fulfilled our mandate, including from a timing perspective, aimed at providing Alfagomma with a future of continuity and growth.”

The acquisition is subject to necessary approvals. It is expected to be fully completed by Q4 2026. Until closing, both companies will continue to operate independently, with a strong focus on business continuity, stability, and delivering the high level of service customers expect.

For now, it is business as usual and we will focus on serving our customers as we always do as both companies prepare for the next chapter together.

About Danfoss
Danfoss engineers solutions that increase machine productivity, reduce emissions, lower energy consumption, and enable electrification.

Our solutions are used in areas such as refrigeration, air conditioning, heating, power conversion, motor control, industrial machinery, marine, and on- and off-highway equipment. We also provide solutions for data centers, renewable energy, energy storage, heat recovery, as well as contribute to district energy solutions for cities.

Our innovative engineering dates back to 1933. Danfoss is family-owned and employs over 39,000 people. We create long-term value for our customers in more than 100 countries with a global footprint of around 100 factories.

About Alfagomma
Alfagomma designs, manufactures, and supplies high-quality fluid handling solutions, including hoses, fittings, and assemblies, serving a wide range of industrial applications.

Its solutions are used in sectors such as construction, agriculture, mining, oil and gas, marine, and industrial machinery, supporting critical operations across demanding environments.

Founded in Italy, Alfagomma employs around 4,500 people and operates 28 manufacturing plants with a global commercial network of approximately 90 sales organizations across five continents. The company’s growth is built on engineering expertise, product reliability, and close customer partnerships.

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SOURCE Danfoss

Technology

Nuveen Prices Senior Notes Offerings

Published

1 hour ago

September 22, 2026

NEW YORK, Sept. 22, 2026 /PRNewswire/ — Nuveen, LLC (“Nuveen”) announced today the pricing of (1) an offering (the “GBP Offering”) of £550 million aggregate principal amount of 6.052% Senior Notes due 2031 (the “2031 GBP Notes”), and (2) an offering (the “USD Offering”) of $2 billion aggregate principal amount of Senior Notes which were offered in three series: (i) a series of 5.572% Senior Notes due 2029 in an aggregate principal amount of $750 million (the “2029 USD Notes”), (ii) a series of 5.738% Senior Notes due 2031 in an aggregate principal amount of $750 million (the “2031 USD Notes”) and (iii) a series of 6.063% Senior Notes due 2036 in an aggregate principal amount of $500 million (the “2036 USD Notes” and, together with the 2031 GBP Notes, the 2029 USD Notes and the 2031 USD Notes, the “Notes”).

Nuveen intends to use the net proceeds for general corporate purposes, which may include, among other things, to fund a portion of the cash consideration for Nuveen’s acquisition (the “Acquisition”) of Schroders plc and to pay fees and expenses related to the Acquisition and to this offering.

The Notes will be unsecured, senior obligations of Nuveen. The 2031 GBP Notes will mature on September 25, 2031, the 2029 USD Notes will mature on September 25, 2029, the 2031 USD Notes will mature on September 25, 2031 and the 2036 USD Notes will mature on September 25, 2036.

The closing of the GBP Offering is not contingent on the closing of the USD Offering, nor is the closing of the USD Offering contingent on the closing of GBP Offering.

The Notes were offered only to (i) persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”) and (ii) certain non-U.S. persons outside the United States pursuant to Regulation S under the Securities Act. The Notes have not been registered under the Securities Act or any state securities laws and therefore may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.

About Nuveen

Nuveen, a TIAA Company, is a global investment leader, managing $1.4 trillion in public and private assets for clients around the world, as of June 30, 2026. With broad expertise across income and alternatives, we invest in the growth of businesses, real estate, infrastructure, and natural capital, providing clients with the reliability, access, and foresight unique to our 125+ year heritage. Our prevailing perspective on the future drives our ambition to innovate and adapt our business to the changing needs of investors — all to pursue lasting performance for our clients, our communities, and our global economy.

Forward-Looking Statements

This press release contains certain statements that may include “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical or present facts or conditions, included herein are “forward-looking statements.” Included among “forward- looking statements” are, among other things, statements regarding Nuveen’s business strategy, plans and objectives, including the use of proceeds from the offering. Though Nuveen believes that the expectations reflected in these “forward-looking statements” are reasonable, they are inherently uncertain and involve a number of risks and uncertainties beyond Nuveen’s control. In addition, assumptions may prove to be inaccurate. Actual results may differ materially from those anticipated or implied in “forward-looking statements” as a result of a variety of factors. These “forward-looking statements” speak only as of the date made, and other than as required by law, Nuveen undertakes no obligation to update or revise any “forward-looking statement” or provide reasons why actual results may differ, whether as a result of new information, future events or otherwise.

Media Contact
Sally Lyden | Sally.Lyden@nuveen.com

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SOURCE Nuveen

Technology

UTulsa rises to Top 75 private research university in U.S. News rankings

Published

1 hour ago

September 22, 2026

TULSA, Okla., Sept. 22, 2026 /PRNewswire/ — The University of Tulsa is ranked a Top 75 private research university, according to the 2027 U.S. News & World Report’s Best College report released Tuesday. The publication also ranks UTulsa the No. 1 best value for higher education in the state of Oklahoma.

Academic excellence and outstanding outcomes drive UTulsa’s recognition as a leading small, private research university.

UTulsa advanced 10 places in overall rank for national universities, increased 16 spots in undergraduate engineering programs, jumped 57 positions in undergraduate computer science programs, climbed 26 places in undergraduate business programs and rose eight spots among the best colleges for veterans.

The University of Tulsa remained No. 3 for undergraduate petroleum engineering programs among all national universities and No. 1 in Oklahoma.

Earlier this year, UTulsa took the bold step to increase access to academic excellence by announcing that the annual undergraduate rate for tuition and required fees will be set at $25,000 beginning in fall 2027. Additionally, new undergraduates will have that rate locked in for at least four years. And once students factor in merit- and need-based financial aid, most will pay even less than the published cost. This move makes The University of Tulsa the most affordable private research university in the nation’s heartland.

U.S. News collected data for the 2027 report before UTulsa made its tuition announcement, signaling that future best value rankings will continue an upward trajectory once the new pricing structure is fully considered.

Tuesday’s rankings news is just the latest of many accolades UTulsa has acquired this year, including:

Named No. 11 in the country for best student experience by the Wall Street JournalRated the top university in Oklahoma by WalletHubRecognized by Money magazine for highest median income for recent grads in Oklahoma

According to Niche.com, students who receive a bachelor’s degree from The University of Tulsa report a median starting salary of $58,279.

“While student experience and post-graduation outcomes will always be our primary focus, these and other rankings confirm that we are a university on the rise. We are on the right track and poised for growth and more significant impact in the near and long term,” said President Stacy Leeds. “Today’s announcement highlights the outstanding achievements of our students, the dedication of our faculty and staff and the generosity of donors who provide opportunity at every turn.”

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SOURCE The University of Tulsa

Technology

Streem Welcomes Back Tess Fezzuoglio as Commercial Director to Lead Next Phase of Growth

Published

1 hour ago

September 22, 2026

SYDNEY, Sept. 23, 2026 /PRNewswire/ — Streem is pleased to announce the return of Tess Fezzuoglio, who rejoins the business as Commercial Director to lead the next phase of commercial growth.

Having previously been part of Streem’s early growth from 2020 to 2022, Fezzuoglio returns to Streem armed with international experience, a fresh perspective and a deep understanding of the industry to continue Streem’s expansion.

Tess brings over 11 years of experience in the media intelligence industry, having spent the last 4 years in London at Onclusive, leading Northern Europe’s commercial arm.

In her new role, Fezzuoglio will oversee Streem’s commercial operations and client strategy, continuing to drive expansion across corporate, government, and agency sectors in Australia and New Zealand.

“I’m incredibly excited to be coming back to Streem. Having spent the last few years on the other side of the world, working across the UK and Europe, I can honestly say it has only reinforced how special Streem is. The product truly is the best in the market, and seeing the landscape from the outside has given me an even greater appreciation for what Streem has built, and excited for what’s to come for our customers,” said Tess Fezzuoglio.

“I’m really looking forward to reconnecting with familiar faces and rolling up my sleeves to help drive the next stage of growth alongside such a talented team”.

Senior Vice President for APAC at Cision, Royce Shih, said, “We are thrilled to have Tess re-join Streem, bringing her wealth of international experience, strategic vision, and proven leadership back home to Streem.”

“Her deep understanding of Streem’s roots, combined with the global expertise she has gained, makes her uniquely positioned to guide our commercial teams into our next phase of growth.”

Tess’s appointment is effective immediately.

About Streem

Streem is a leading provider of media intelligence solutions in Australia and New Zealand, empowering organisations to make informed decisions and drive business success through realtime content and insights. Streem is part of Cision, the global leader in PR and marketing communications technology.

For media inquiries, please contact:
Streem
marketing@streem.com.au

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SOURCE Streem