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Prologis Announces Recommended Acquisition of SEGRO plc

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Combination expands Prologis’ European platform and enhances long-term growth opportunities

SAN FRANCISCO, Aug. 4, 2026 /PRNewswire/ — Prologis, Inc. (NYSE: PLD) today announced that it has reached agreement with the board of SEGRO plc (LSE: SGRO) on the terms of a recommended acquisition of SEGRO, valuing SEGRO’s entire issued and to be issued ordinary share capital at approximately $18.8 billion.

Daniel S. Letter, chief executive officer of Prologis, commented:

“We are pleased to have reached agreement with the SEGRO Board on a combination that we believe will create meaningful value. This deal brings together SEGRO’s exceptional portfolio and customer relationships with Prologis’ global platform, operating expertise and financial strength.

We have great respect for SEGRO, its people and the business they have built over many years. The constructive engagement between our leadership teams throughout this process has reinforced our confidence in the opportunity ahead.

As we move forward, we will approach the work ahead thoughtfully and deliberately. We look forward to building on the strengths of both companies and creating even greater value for our customers and shareholders.”

Combination Highlights

The combination will:

bring together two premier portfolios in a global platform with approximately $269 billion of assets under management;strengthen the customer value proposition through a more connected global network;create a European operating portfolio of 368 million square feet, expanding Prologis’ European footprint by 47%;establish a combined European development pipeline of 13 million square feet while increasing Prologis’ European land bank by 126%; andexpand long-term growth opportunities across logistics, energy and digital infrastructure.

Transaction Terms

Under the terms of the recommended acquisition, SEGRO shareholders will receive 0.0920 new Prologis shares for each SEGRO share. Shareholders may elect to receive cash in lieu of some or all of their Prologis share consideration, subject to the terms of the partial cash alternative. SEGRO shareholders will also be entitled to receive and retain any 2026 interim dividend of up to 10.14 pence per SEGRO share and any 2026 final dividend of up to 22.56 pence per SEGRO share, which SEGRO intends to pay prior to closing.

The maximum aggregate amount of cash available under the partial cash alternative is approximately £3.5 billion. Each SEGRO shareholder’s basic entitlement under the partial cash alternative is equal to 25% of the fixed price of 1,031.7 pence per SEGRO share. Accordingly, a shareholder electing to receive only its basic entitlement would receive 258 pence in cash and 0.0690 new Prologis shares for each SEGRO share.

Shareholders may elect to receive less than or more than their basic entitlement. Elections to receive cash in excess of the basic entitlement will be scaled back on a pro rata basis if aggregate cash elections exceed the maximum cash available. Shareholders who do not elect to participate in the partial cash alternative will receive 0.0920 new Prologis shares for each SEGRO share.

The cash consideration payable under the partial cash alternative will be funded through a committed term loan facility, together with existing liquidity and other available sources of funding.

Further details are available in the Rule 2.7 announcement, which is posted on the transaction microsite accessible through Prologis’ investor relations website.

Expected Financial Impact

The combination is expected to enhance Prologis’ long-term earnings and return potential. In the first full year following completion, assuming annualized run-rate synergies, the combination is expected to have a broadly neutral to minimally dilutive impact on Core FFO per share and AFFO per share.

Prologis expects to maintain A2/A credit ratings from Moody’s and S&P.

Approvals and Timing

The boards of Prologis and SEGRO have reached agreement on the terms of the transaction, and the SEGRO board unanimously intends to recommend it. The transaction is expected to close in the first half of 2027, subject to the requisite approvals of SEGRO shareholders, sanction of the scheme by the court, receipt of applicable regulatory approvals and satisfaction of customary closing conditions.

The transaction does not require approval by Prologis shareholders.

As part of the transaction, Prologis will apply for a secondary listing of its shares on the London Stock Exchange, with the approval of that application being a condition to completion.

ABOUT PROLOGIS
The world runs on logistics. At Prologis, we don’t just lead the industry, we define it. We create the intelligent infrastructure that powers global commerce, seamlessly connecting the digital and physical worlds. From agile supply chains to clean energy solutions, our ecosystems help your business move faster, operate smarter and grow sustainably. With unmatched scale, innovation and expertise, Prologis is a category of one–not just shaping the future of logistics but building what comes next. Learn more at Prologis.com.

FURTHER INFORMATION
This document is not intended to and does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy or an invitation to purchase or subscribe for any securities or the solicitation of any vote in any jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or pursuant to an exemption from registration under the Securities Act of 1933, as amended.

FORWARD-LOOKING STATEMENTS
The statements in this document that are not historical facts are 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 are based on current expectations, estimates and projections about the industry and markets in which we and SEGRO operate as well as management’s beliefs and assumptions. Such statements involve uncertainties that could significantly impact our financial results. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “will,” “can” and “estimates” including variations of such words and similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future—including statements relating to the combination, rent and occupancy growth, acquisition and development activity, including data center developments and power procurement related thereto, contribution and disposition activity, general conditions in the geographic areas where we and SEGRO operate, expectations regarding new lines of business, our and SEGRO’s respective debt, capital structure and financial position, our or SEGRO’s ability to earn revenues from co-investment ventures, form new co-investment ventures and the availability of capital in existing or new co-investment ventures—are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained and, therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Some of the factors that may affect outcomes and results include, but are not limited to: (i) Prologis’ and SEGRO’s ability to complete the combination on the proposed terms or on the anticipated timeline, or at all, including risks and uncertainties relating to satisfying the conditions to the combination; (ii) the effect of the combination on the ability of Prologis and SEGRO to operate their respective businesses and retain and hire key personnel and to maintain favorable business relationships; (iii) failure to realize expected benefits or synergies of the combination; (iv) significant transaction costs and/or unknown or inestimable liabilities; (v) the risk of shareholder litigation in connection with the combination, including resulting expense or delay; (vi) the risk that SEGRO’s business will not be integrated successfully or that such integration may be more difficult, time-consuming or costly than expected; (vii) risks related to future opportunities and plans for the combined company, including the uncertainty of expected future financial performance and results of the combined company following the closing of the transaction; (viii) risks related to the market value of the Prologis shares to be issued as consideration in the combination, including foreign currency exchange rates; (ix) other risks related to the completion of the combination and actions related thereto; (x) international, national, regional and local economic and political climates and conditions; (xi) changes in global financial markets, interest rates and foreign currency exchange rates; (xii) increased or unanticipated competition for our properties; (xiii) risks associated with acquisitions, dispositions and development of properties, including those specific to data center development and the integration of the operations of significant real estate portfolios; (xiv) maintenance of Real Estate Investment Trust status, tax structuring and changes in income tax laws and rates; (xv) availability of financing and capital, the levels of debt that we maintain and our credit ratings; (xvi) risks related to our investments in our co-investment ventures, including our ability to establish new co-investment ventures; (xvii) risks of doing business internationally, including currency risks; (xviii) environmental uncertainties, including risks of natural disasters; and (xix) those additional factors discussed in reports filed with the Securities and Exchange Commission by us under the heading “Risk Factors.” We undertake no duty to update any forward-looking statements appearing in this document except as may be required by law.

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SOURCE Prologis, Inc.

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WEPSEA 2026 to Spotlight AI, Sustainability and Regional Growth Through 20+ Conferences and Networking Events

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SHANGHAI, Aug. 4, 2026 /PRNewswire/ — As Southeast Asia continues to strengthen its position as one of the world’s fastest-growing manufacturing and consumer markets, the packaging industry is undergoing rapid transformation driven by digitalisation, sustainability and supply chain diversification. Against this backdrop, WEPSEA 2026 (World Expo of Packaging Industry Southeast Asia), organised by RX (China) in strategic cooperation with the World Packaging Organisation (WPO), will take place from 27–29 August 2026 at Jakarta International Expo (JIExpo), Indonesia.

Bringing together the complete packaging value chain, WEPSEA 2026 will showcase the latest innovations in corrugated packaging, folding cartons, digital printing, specialty paper, food packaging, converting technologies and packaging applications. More importantly, the event will feature 20+ conferences, workshops and networking activities, providing industry professionals with valuable market intelligence, technical insights and business development opportunities across Southeast Asia.

Opening Conference to Explore Southeast Asia’s Packaging Future

The exhibition will officially open with the Southeast Asia Packaging Industry Conference 2026, the flagship forum bringing together leaders from industry associations, market research organisations and leading enterprises across the region.

The conference will examine how paper and packaging companies can strengthen competitiveness amid growing sustainability requirements while identifying new growth opportunities across Southeast Asia. Discussions will also explore regional collaboration, evolving supply chain dynamics and investment prospects, offering strategic guidance for businesses seeking to expand in one of the world’s most promising packaging markets.

Additional sessions will focus on emerging industry trends, including digital printing for short-run production and packaging innovation driven by ESG initiatives in the food and beverage sector.

AI and Smart Manufacturing Take Centre Stage

Artificial intelligence and automation are reshaping packaging manufacturing, and WEPSEA 2026 will place these technologies at the heart of its conference programme.

The Next-Generation Smart Packaging Solutions Forum, taking place on 28 August, will showcase how AI-powered automation is improving productivity throughout the printing and packaging workflow.

Industry experts will present practical applications covering intelligent prepress automation, workflow optimisation and automated imposition technologies, demonstrating how digital solutions can improve operational efficiency while reducing production costs.

The forum will also feature a dedicated session led by Indonesian experts on Halal packaging labelling, helping international companies better understand certification requirements and branding opportunities in one of the world’s largest halal consumer markets.

Complementing the technical programme, the Printerpreneur Talk Show will bring together experienced business leaders to discuss practical cost-optimisation strategies through lightweight packaging materials—including corrugated and honeycomb paper—as well as print-on-demand production models.

Addressing Industry Challenges Through Innovation

As manufacturers face increasing pressure from rising raw material costs, geopolitical uncertainty and changing customer expectations, innovation has become essential for maintaining competitiveness.

The afternoon forum, “Navigating Challenges and Innovations in the Packaging Industry,” will explore how packaging companies can adapt to evolving market conditions through flexible manufacturing, advanced materials and sustainable business practices.

Experts will discuss the transition towards short-run production, innovative packaging materials, Extended Producer Responsibility (EPR), and strategies for building resilient supply chains, providing valuable insights for companies pursuing long-term growth.

Hands-on Workshop Delivers Practical Packaging Expertise

Beyond keynote presentations, WEPSEA 2026 will offer an interactive workshop dedicated to solving the Top Ten Printing Challenges in FMCG Packaging.

Designed as a practical learning experience, the workshop will analyse real production cases covering common printing defects from artwork preparation through post-press finishing.

Participants will also join immersive “Packaging Detective” exercises, learning how to identify hidden prepress risks, inspect print registration, evaluate die-cutting quality and improve on-site quality control. The workshop is expected to deliver immediate value for production managers, quality engineers and packaging professionals seeking to enhance manufacturing performance.

Business Networking Beyond the Exhibition Floor

Creating meaningful business connections remains one of the defining features of WEPSEA 2026.

On 29 August, the exhibition will host an exclusive Business Networking Cocktail Reception, bringing together exhibitors, buyers, technology providers, converters, brand owners and industry associations in a relaxed setting designed to encourage cross-border collaboration and business matching.

Additional networking activities, including the PACT Alliance Indonesia Golf Invitational, will provide senior executives with further opportunities to strengthen industry relationships and explore new partnerships beyond the exhibition halls.

To enhance the overall visitor experience, organisers will also provide digital visitor tools, VIP hospitality services and comprehensive on-site support, enabling attendees to maximise both learning and business outcomes throughout the three-day event.

A Gateway to Southeast Asia’s Expanding Packaging Market

Southeast Asia continues to attract global investment in manufacturing, consumer goods, logistics and industrial production, creating strong demand for advanced packaging technologies and innovative solutions.

Positioned at the centre of this rapidly growing market, WEPSEA 2026 offers international suppliers, converters, packaging manufacturers, brand owners and buyers a unique opportunity to connect with the region’s expanding packaging ecosystem, discover cutting-edge technologies and establish long-term business partnerships.

From strategic market intelligence and technology sharing to hands-on workshops and high-value networking, WEPSEA 2026 is set to become one of Southeast Asia’s most influential gatherings for the global packaging industry, empowering businesses to unlock new opportunities and accelerate growth across the ASEAN market.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/wepsea-2026-to-spotlight-ai-sustainability-and-regional-growth-through-20-conferences-and-networking-events-302841082.html

SOURCE RX (China)

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Exploring an Innovative Path for Desert Green Power —- China-Egypt Belt and Road Joint Laboratory on Renewable Energy

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SOHAG, Egypt, Aug. 4, 2026 /PRNewswire/ — A news report from Science and Technology Daily‌:

On Karaman Island in Sohag, southern Egypt, rows of photovoltaic (PV) panels cover the roofs of the PV R&D base of Egypt’s Academy of Scientific Research and Technology (ASRT). The PV modules absorb sunlight, converting it into green electricity.

This is the work of the China-Egypt Belt and Road Joint Laboratory on Renewable Energy. Speaking of the major achievements made by the joint lab so far, Mohamed Zahran, a professor at the ASRT, listed several “firsts.”

In October 2023, Egypt produced its first locally made half-cut solar cell. One month later, Egypt fabricated its first locally made high-efficiency half-cell solar module.

“The joint lab is the core driver behind these achievements, providing comprehensive support for our technological breakthroughs and independent production,” Zahran said.

Building an R&D and production system

“Before the joint lab was launched for establishment, Egypt’s PV sector faced numerous constraints,” Zahran noted. There was a lack of standardized R&D facilities, complete sets of production equipment, and mature fabrication processes or technical systems. Since all solar cells relied on imports, local research teams had no means to conduct hands-on R&D or test trial-mass production.

The joint lab changed all of that.

“It established a complete PV cell R&D and production system for Egypt,” Zahran said. The system covers core processes of PV cell manufacturing, a complete set of professional production and testing equipment, and a standardized, clean R&D and production facility tailored for desert climates.

“Over the years, the joint lab has truly become a standout ‘Chinese business card’ locally,” said Zhou Meng, deputy director of the research department at the 48th Research Institute of China Electronics Technology Group Corporation (CETC). Moving forward, the two sides will further promote joint R&D and transformation of advanced PV technologies, enabling local residents to enjoy more technological dividends from renewable energy.

Broadening the scope of collaboration

“Egypt is rich in solar resources, with an average of 3,000 hours of full sunshine per year, giving it uniquely gifted natural conditions for developing renewable energy like solar power. China possesses the world’s most mature PV technologies, equipment, and supply chains,” Zhou said. The cooperation between China and Egypt in the renewable energy sector represents a textbook case of complementary advantages, making the partnership “a perfect match right from the start.”

During the initial construction phase of the joint lab on Karaman Island, the site faced constraints in local power supply and water access.

“In response to these challenges, the joint lab has established a series of PV demonstration systems, including an on/off-grid PV system, a PV water pumping system, and a PV water purification system,” said Lu Yunzhang, a research fellow at the 48th Research Institute of CETC. These “small and beautiful” livelihood projects have effectively mitigated local power and water scarcity, serving as a practical model for regional energy security.

In the eyes of Aref Eliwa, a professor at the ASRT, there is immense potential for China-Egypt cooperation in the renewable energy sector, and the joint lab has a promising future in driving Egypt’s energy transition.

“Through the invaluable platform of the joint lab, scientists from China and Egypt can carry out deep cooperation and drive joint innovation,” Eliwa noted, citing an example. With collaborative research efforts, the joint lab overcame technical bottlenecks in high-resistance dense-grid solar cell technology. The milestone significantly enhanced PV cell efficiency and laid a solid technological foundation for developing PV products tailored to Egypt’s local solar environment.

Forging a deep friendship

In building and running the joint lab side by side, the two sides have shared thick and thin, leading to a steady deepening of their friendship and collaboration.

“In our day-to-day work, despite differences in language, culture, and habits, we have always been completely aligned, moving forward with a single mind and a shared purpose,” Lu said. One memory remains particularly vivid for him. On one occasion, the joint lab urgently needed an industrial component that could not be found locally. Upon hearing this, an Egyptian contractor immediately dispatched a courier to drive more than 600 kilometers through the night from Cairo to deliver it. “This kind of ‘we’re in this together’ solidarity is truly moving.”

What remains especially unforgettable for Zahran is that at the initial construction phase of the joint lab, the temperature inside the joint lab soared past 40 degrees Celsius during the testing and commissioning of the diffusion furnace. Yet, the Chinese staff still worked tirelessly for long hours to ensure the project stayed on schedule.

“It is moments like these that make me say with certainty: we have never been two separate teams, but rather one family tightly bound by a shared mission,” Zahran said. This shared mission is to jointly tackle breakthroughs in renewable energy technologies, steering Egypt and the entire African continent toward success in the green energy sector.

“In the future, we plan to upgrade the joint lab into a regional renewable energy innovation center,” stated Zhou. Through collaborative R&D, technology demonstration and promotion, as well as technical training, the joint lab will amplify its spillover and driving effects across the region.

 

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SOURCE Science and Technology Daily

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PERIOD., the Dutch #1 period-tracking app that sells nothing about its users launches in the UK

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LONDON, Aug. 4, 2026 /PRNewswire/ — PERIOD., a cycle tracking app that does not ask for a user’s name, carries no advertising and sells nothing about the women who use it, launches in the UK today. It reached number one in the Dutch health App Store within weeks of its March launch.

It arrives a year to the week after a California jury found Meta liable for intercepting the menstruation and pregnancy data of women using the period app Flo, the first verdict of its kind. Meta faces exposure of up to $8 billion for Californian users alone.

Around one-in-three UK women have used a period or fertility app. The University of Cambridge’s Minderoo Centre called that data a “gold mine” for profiling, warning it can expose women to insurance discrimination, workplace monitoring, cyberstalking and barriers to abortion.

PERIOD. is built on a simpler premise: an app cannot lose, sell or surrender what it never asked for. No name required, no advertising, no data sales, and none of the tracking tools much of the category relies on. The company is bootstrapped, with no investors to satisfy.

It was built by Lisa Volkers, former chief editor of the Dutch title LINDA.meiden, and her partner Diederick Trampe.

“I wanted to understand my own cycle, and instead I was handing over everything about myself to companies I knew nothing about,” said Volkers, co-founder and CEO of PERIOD. “So we built the opposite. You hold your data, and you can delete all of it in a second.”

Basic tracking is free and data is held on servers in the European Union. Users can export or delete everything at any time. The paid tier, PERIOD. plus, adds an AI assistant that answers questions about symptoms and hormones in 19 languages and does not train on what users tell it.

“Britain has just taken women out of the criminal law on abortion, but the records those investigations relied on are still being collected, in apps women cannot see inside. Laws change. The only reliable protection is not to hold the information in the first place.”

PERIOD. reached 10,000 users in its first two weeks and is now used by tens of thousands of women in the Netherlands.

Please find images here and for more information visit: myperiod.app

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