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BMO Announces Sale of Moneris

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TORONTO, Aug. 10, 2026 /CNW/ — BMO Financial Group (TSX: BMO) (NYSE: BMO) announced today that together with Royal Bank of Canada, it has entered into an agreement for the sale of jointly-owned Moneris Solutions Corporation, a leader in Canadian commerce solutions, to Francisco Partners, a leading technology investment firm, for cash consideration of approximately $2.0 billion, of which BMO’s share is 50%. Concurrent with the closing of the transaction, BMO and RBC will enter into new exclusive, long-term referral arrangements with Moneris.

The transaction marks the next chapter for Moneris, positioning the business to accelerate its strategy and continue delivering value to Canadian businesses. Since its creation 25 years ago, Moneris has become one of Canada’s largest commerce solutions providers, helping businesses accept and manage payments at over 325,000 points of commerce. Moneris offers versatile payment options and integrated solutions customized for the Canadian market, allowing merchants to focus on running and growing their business.

Backed by a strong track record of investing in technology-enabled businesses, Francisco Partners has global experience in scaling financial technology companies and deep sector expertise in innovative Payments and Commerce offerings. Francisco Partners’ portfolio companies include industry leaders in embedded payments, omni-channel commerce gateways as well as electronic point-of-sale (POS) solutions.

With access to Francisco Partners’ global platform and ability to mobilize existing capabilities and future innovations for the Canadian market, Moneris will continue its commitment to Canadian businesses by bringing leading global capabilities and domestic specialties to further strengthen the Canadian commerce ecosystem.

BMO and RBC will maintain their long-standing relationships with Moneris through exclusive customer referral arrangements, helping to ensure new and existing business clients continue to receive the trusted support and leading global solutions from Moneris.

“For 25 years, Moneris has earned the trust of Canadian businesses by delivering secure, reliable and innovative payment solutions,” said Sharon Haward-Laird, Group Head, Canadian Commercial Banking & North American Integrated Solutions, and Co-Head Canadian Personal & Commercial Banking, BMO. “This next chapter will enable Moneris to build on that strong foundation while accelerating its strategy in a rapidly evolving payments landscape. Through our ongoing referral arrangements, clients will continue to benefit from the trusted support and solutions they rely on today.”

BMO expects to record a gain on closing of approximately $600 million after-tax ($620 million pre-tax), which will be recorded in Non-Interest Revenue in Corporate Services as an adjusting item. On a pro forma basis, the transaction is expected to improve the bank’s common equity Tier 1 (CET1) ratio by approximately 15 bps. The transaction is not expected to have a significant impact on the bank’s future run rate earnings.

The transaction is expected to close by the end of the first quarter of fiscal year 2027, subject to customary closing conditions, including receipt of required regulatory approvals.

BMO Capital Markets acted as financial advisor to BMO. Osler, Hoskin and Harcourt LLP acted as legal counsel to BMO.

About BMO Financial Group

BMO Financial Group is the eighth largest bank in North America by assets, with total assets of $1.5 trillion as of April 30, 2026. Serving clients for more than 200 years, BMO provides a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services across Canada, the United States, and select markets globally. BMO is innovating for business value, by deploying and integrating human, digital and artificial intelligence to personalize client experiences, augment teams, and automate its business responsibly. Driven by its purpose, to Boldly Grow the Good in business and life, BMO is committed to driving positive change in the world, and making progress for a thriving economy, sustainable future, and stronger communities.

Caution Regarding Forward Looking Statements 

Certain statements in this press release are forward-looking statements.  All such statements are made pursuant to the “safe harbor” provisions of, and are intended to be forward-looking statements under, the United States Private Securities Litigation Reform Act of 1995 and any applicable Canadian securities legislation. These forward-looking statements include, but are not limited to, statements with respect to the expected closing of the proposed transaction, the financial, operational and capital impact of the proposed transaction, our agreements with Moneris, our strategies or future actions, expectations for our financial condition and capital position, and include statements made by our management. Forward-looking statements are typically identified by words such as “expect” and “will” or negative or grammatical variations thereof.

By their nature, forward-looking statements are based on various assumptions and are subject to inherent risks and uncertainties. We caution readers of this press release not to place undue reliance on our forward-looking statements as the assumptions underlying such statements may not turn out to be correct and a number of factors could cause actual future results, conditions, actions or events to differ materially from the expectations, estimates or intentions expressed in the forward-looking statements. Such factors include, but are not limited to: the possibility that the proposed transaction does not close when expected or at all because required regulatory approvals and other conditions to closing are not received or satisfied on a timely basis or at all or are received subject to adverse conditions or requirements; the anticipated benefits from the proposed transaction, such as it improving BMO’s common equity Tier 1 capital ratio (CET 1 ratio), are not realized in the time frame anticipated or at all as a result of changes in general economic and market conditions, interest and exchange rates, monetary policy, laws and regulations (including changes to capital requirements) and their enforcement; reputational risks and the reaction of BMO’s customers and employees to the transaction; diversion of management time on transaction-related issues; and those other factors discussed in the Risks That May Affect Future Results section, and the sections related to credit and counterparty, market, liquidity and funding, operational non-financial, legal and regulatory compliance, strategic, environmental and social, and reputation risk, in the Enterprise-Wide Risk Management section of BMO’s 2025 Annual Report, as updated by BMO’s quarterly reports, all of which outline certain key factors and risks that may affect our future results and our ability to anticipate and effectively manage risks arising from all of the foregoing factors. We caution that the foregoing list is not exhaustive of all possible factors. These factors should be considered in addition to other uncertainties and potential events, and the inherent uncertainty of forward-looking statements.

Assumptions about BMO expected financial performance (including balance sheet, income statement and regulatory capital figures), consideration received, applicable taxes, estimated values of transaction-related assets and liabilities, expected closing date of the proposed transaction, transaction costs, and assumed accounting treatment were considered in estimating the impact of the transaction on BMO’s CET1 ratio.

Any third-party information contained in this press release is believed to be reasonable and reliable, but no representation or warranty is made by BMO as to accuracy of such information.  BMO does not undertake to update any forward-looking statement, whether written or oral, that may be made, from time to time, by the organization or on its behalf, except as required by law.

SOURCE BMO Financial Group – Communications

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OPENLANE Announces Pricing of Secondary Offering of Common Stock, Including Concurrent Share Repurchase

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August 12, 2026

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CARMEL, Ind., Aug. 11, 2026 /PRNewswire/ — OPENLANE, Inc. (NYSE: OPLN) (“OPENLANE”) today announced the pricing of the previously-announced registered public offering of 8,000,000 shares of its common stock (the “offering”) by Ignition Acquisition Holdings LP (“Ignition”), a fund advised by Apax Partners, L.P. (“Apax”). These shares represent a portion of OPENLANE’s previously issued Series A Convertible Preferred Stock held by Ignition that converted into OPENLANE common stock in May 2026. The underwriter will offer the shares from time to time for sale in negotiated transactions or otherwise, at market prices prevailing at the time of sale, at prices related to such prevailing market prices or at negotiated prices. OPENLANE is not selling any common stock in the proposed offering and will not receive any of the proceeds from the sale.

In addition, OPENLANE has authorized, subject to the completion of the offering, the concurrent purchase from the underwriter, out of the aggregate of 8,000,000 shares of common stock being sold as part of the offering, 727,590 shares of common stock at a price per share equal to the price per share to be paid by the underwriter to Ignition. The closing of the share repurchase is conditioned on, and expected to occur simultaneously with, the closing of the offering. The offering is not conditioned upon the completion of the share repurchase.

BofA Securities is acting as the underwriter for the proposed secondary offering.  

The offering will be made only by means of an effective registration statement and a prospectus. OPENLANE has previously filed with the U.S. Securities and Exchange Commission (the “SEC”) a registration statement (including a prospectus) on Form S-3 (File No. 333-277249), and will file a prospectus supplement for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the accompanying prospectus supplement and other documents the issuer has filed with the SEC for more complete information about the issuer and the offering. The offering will be made only by means of a prospectus and a related prospectus supplement relating to the offering, copies of which may be obtained from BofA Securities, 201 North Tryon Street, Charlotte, NC 28255-0001 Attn: Prospectus Department, or by email at dg.prospectus_requests@bofa.com. These documents can also be accessed through the SEC’s website at www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities, nor shall there be any sale of securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About OPENLANE

OPENLANE, Inc. (NYSE: OPLN) makes wholesale easy by connecting the leading automotive manufacturers, dealers, rental companies, fleet operators, captive finance and lending institutions as buyers and sellers to create the most advanced digital marketplace for used vehicles. Our innovative products and services deliver a fast, fair and transparent experience that helps customers make smarter decisions and achieve better outcomes. Headquartered in Carmel, Indiana, OPENLANE has employees across the United States, Canada, Europe, Uruguay and the Philippines.

Forward-Looking Statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which are subject to certain risks, trends, uncertainties and other important factors that may cause actual results to be materially different from the statements made herein. In particular, statements made that are not historical facts (including, but not limited to, statements regarding our growth opportunities and strategies, industry outlook, competitive position, business and investment plans and initiatives, the impact of macroeconomic conditions, tariffs and global trade policy, and 2026 financial guidance) may be forward-looking statements. Words such as “should,” “may,” “will,” “would,” “anticipate,” “expect,” “project,” “intend,” “contemplate,” “plan,” “believe,” “seek,” “estimate,” “assume,” “can,” “could,” “continue,” “of the opinion,” “confident,” “is set,” “is on track,” “outlook,” “target,” “position,” “predict,” “initiative,” “goal,” “opportunity” and similar expressions identify forward-looking statements. Such statements are based on management’s current assumptions, expectations and/or beliefs, are not guarantees of future performance and are subject to substantial risks, uncertainties and changes that could cause actual results to differ materially from the results projected, expressed or implied by these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in the section entitled “Risk Factors” in OPENLANE’s annual and quarterly periodic reports, and in OPENLANE’s other filings and reports filed with the Securities and Exchange Commission. The forward-looking statements are made as of the date of this release. OPENLANE undertakes no obligation to update any forward-looking statements.

Analyst Inquiries:

Media Inquiries:

Bill Wright

Laurie Dippold 

(317) 249-4559

(317) 468-3900

investor_relations@openlane.com 

laurie.dippold@openlane.com 

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SOURCE OPENLANE, Inc.

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MegazoneCloud Selected as Amazon Quick SI Partner by AWS Generative AI Innovation Center

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August 12, 2026

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First SI partner for Amazon Quick in Korea to support enterprise AI agent deployment — automating report writing, data analysis, and task execution

120 certified generative AI professionals on staff — strengthening enterprise AI capabilities on AWS

SEOUL, South Korea, Aug. 11, 2026 /PRNewswire/ — MegazoneCloud (CEO Doug Yeum), a leading AI and cloud company, has been selected as the first system integration (SI) partner in Korea for “Amazon Quick,” the next-generation intelligent AI assistant, by the Generative AI Innovation Center (GenAI IC) of Amazon Web Services (AWS).

Amazon Quick is an intelligent workplace assistant that connects to enterprise systems and data to learn how a company works. By connecting internal enterprise data with various business systems, it enables AI to perform tasks such as report writing, data analysis, and task execution through natural language commands alone. It adapts on its own through every interaction, delivering personalized insights and proactive suggestions, and even carrying out actual tasks — thereby supporting employee productivity and workforce transformation. Enterprises can rapidly adopt task automation and AI agent capabilities without having to develop complex AI models themselves.

As an Amazon Quick SI partner, MegazoneCloud designs and supports the deployment of Amazon Quick tailored to enterprise-specific requirements, such as large-scale user environments, internal security policies, and legacy system integration. With this selection, MegazoneCloud supports the entire process — from consulting to deployment and operations — by integrating an enterprise’s existing business systems and data with Amazon Quick so that AI agents can deliver results in real-world work.

In particular, MegazoneCloud offers the “Live in 45” program, which completes deployment, operation, and effectiveness validation within approximately 45 days, enabling companies to quickly verify the benefits of AI adoption. This program analyzes an enterprise’s business processes and data environment to design an AI application approach, and supports the validation of adoption benefits by building and operating AI agents in an actual work environment.

This partner selection is the result of AWS recognizing MegazoneCloud’s generative AI technology capabilities and its experience in building enterprise AI. MegazoneCloud has been expanding its collaboration in the AWS-based generative AI field, including being selected as the official operating partner for AWS’s “Agentic AI GameDay” this past May. In addition, the company holds 120 “AWS Certified Generative AI – Developer Professional” credentials, certifying its expertise in designing, developing, and operating AWS’s generative AI services and applications.

Jinsung Kim, Unit Leader of the Cloud Tech Unit at MegazoneCloud, said, “Companies considering the adoption of generative AI now place greater importance on how it can be applied to actual work and generate results, rather than on the technology itself. With this selection as an Amazon Quick SI partner, MegazoneCloud will leverage its proven deployment and operations methodology to design an AI agent utilization model that fits an enterprise’s work environment and data structure, and implement agentic AI solutions that create tangible business results — from complex workflow automation to insight derivation — so that customers can experience real, faster, and more certain business outcomes.”

AWS GenAI IC connects enterprises with AWS AI/ML science advisory and strategy experts so they can envision, discover, and develop generative AI solutions. The center’s Partner Innovation Alliance (PIA) combines this support framework with MegazoneCloud’s broad industry domain expertise to solve the challenges enterprises face — such as operational inefficiencies, customer experience gaps, and stalled innovation — through scalable generative AI use cases.

MegazoneCloud serves as an enterprise AI orchestrator supporting the AI transformation (AX) and business innovation of some 8,000 customers in Korea and abroad. Based on its ecosystem of major global and domestic CSPs and more than 200 ISV partners, along with its own cloud, AI, data, and security solutions, MegazoneCloud provides end-to-end services — from AI strategy formulation to data building, infrastructure modernization, and the development and operation of AI models and AI agents — so that enterprises can effectively operate complex AI environments and generate business results in the multi-agent era. Under the vision of “Transform Tomorrow, Together,” the company has established itself as a strategic partner accompanying customers’ AI innovation and growth across 10 countries, including Korea as well as North America, Japan, Southeast Asia, Oceania, and the Middle East.

View original content:https://www.prnewswire.com/news-releases/megazonecloud-selected-as-amazon-quick-si-partner-by-aws-generative-ai-innovation-center-302849032.html

SOURCE MegazoneCloud

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DronTech Asia 2026 Brings Global Drone and Autonomous Technology Companies to Thailand

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August 12, 2026

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Growing international participation highlights the rapid convergence of drones, AI, robotics and autonomous technologies across Asia

BANGKOK, Aug. 12, 2026 /PRNewswire/ — Organized by GML Exhibition (Thailand) Co., Ltd., DronTech Asia 2026 is gaining momentum ahead of its third edition, taking place 11–13 November 2026 at IMPACT Exhibition & Convention Center, Thailand, with a growing international line-up of drone, unmanned systems and advanced technology companies confirming their participation.

The growth comes at an important time for the industry. The Asia-Pacific drone market was valued at approximately US$22.6 billion in 2025 and is projected to reach US$54.9 billion by 2033, representing a compound annual growth rate (CAGR) of 11.1%, according to Grand View Research. Growth is being driven by expanding commercial applications alongside increasing government and defense demand for unmanned capabilities.

The technology is also changing quickly. Artificial intelligence (AI), robotics, autonomous navigation, advanced communications, cybersecurity, propulsion, batteries and advanced materials are all playing a greater role in how drones are designed, operated and deployed.

DronTech Asia 2026 will bring these technologies together, connecting manufacturers and technology developers with government agencies, defense organizations, operators, system integrators and commercial users from across the region.

Global and Regional Technology Companies Join DronTech Asia 2026

The growing exhibitor line-up reflects the range of technologies now supporting modern unmanned systems.

Companies preparing to participate include T-MOTOR, a global developer of drone propulsion technologies; STM, whose technologies encompass tactical UAV systems, command and control and cybersecurity; Inertial Labs, a VIAVI Solutions Company, specializing in advanced navigation and positioning technologies; Grepow / Tattu Battery, providing advanced battery solutions for UAV applications; CHC Navigation, whose technologies span positioning, surveying, mapping and precision agriculture; and Thailand-based SDT Composites, producing high-performance carbon-fiber UAV structures.

“Exhibiting at DronTech Asia 2026 is an important opportunity for T-MOTOR to strengthen our presence in Southeast Asia and engage directly with the region’s growing drone ecosystem. The event brings together UAV manufacturers, technology developers, government agencies and industry professionals in one platform, allowing us to showcase our latest propulsion technologies, build new partnerships and better understand the evolving needs of the market. We look forward to being part of DronTech Asia 2026 and contributing to the continued advancement of the UAV industry in the region.”

– Maria Li, Project Manager T-MOTOR

“DronTech Asia 2026 provides an important platform for Inertial Labs, a VIAVI Solutions company, to connect with the rapidly evolving drone and unmanned systems ecosystem in Asia. As drones become increasingly integrated into commercial, public safety, and defense applications, reliable communications and resilient navigation are critical to ensuring safe and mission-ready operations. We look forward to showcasing how Inertial Labs’ groundbreaking inertial measurement solutions can support the development and deployment of next-generation UAS and Counter-UAS technologies.”

– Heather Vitner-Hurt, Senior Sales and Marketing Specialist Inertial Labs, a VIAVI Solutions Company

They will be joined by companies including Systronics, Thai Sky Vision, NAC Drone Industrial, Shenzhen Hobbywing Technology, Zhejiang Tianze Communication Technology, Icreativesystems, Zhuxun Intelligent Technology and L&S Advanced Equipment, further expanding the range of UAV platforms, components, communications, navigation and autonomous technologies represented at DronTech Asia 2026.

Together, these companies represent technologies across the UAV value chain – from airframes, propulsion and batteries to communications, navigation and autonomous systems.

AI and automation are also changing what unmanned systems can accomplish. Advances in computer vision, intelligent navigation, communications and autonomous decision-making are enabling drones to collect and interpret more information and undertake increasingly complex operations. Improvements in batteries, propulsion, lightweight materials and positioning are allowing UAVs to operate longer, carry more advanced payloads and perform more reliably in demanding environments.

“The drone industry is changing very quickly. We are seeing much greater integration of AI, robotics, autonomous navigation and advanced communications into unmanned systems,” said Mr. Manu Leopairote, Chairman of GML Exhibition (Thailand) Co., Ltd. “The companies joining DronTech Asia this year reflect that change. We want DronTech Asia to be where these different parts of the industry come together and where companies can build new business opportunities across the region.”

Connecting Commercial, Public Safety and Defense Applications

Many of these technologies are finding applications across both commercial and defense markets.

Across Asia, drones are increasingly being deployed for agriculture, surveying, mapping, infrastructure inspection and industrial monitoring, while governments continue to invest in unmanned technologies for surveillance, public safety, security and defense. These expanding applications are among the factors expected to drive continued growth in the Asia-Pacific drone market over the coming years.

DronTech Asia 2026 brings these communities together, giving visitors the opportunity to discover new technologies, compare solutions, meet manufacturers and developers, build partnerships and explore new applications for unmanned and autonomous systems.

Strong Industry and Government Support

DronTech Asia 2026 is supported by a broad network of government agencies, regulatory bodies, defense organizations and industry associations, reflecting the growing importance of unmanned technologies to Thailand and the wider region.

Official supporters include the Civil Aviation Authority of Thailand (CAAT), Digital Economy Promotion Agency (depa), Department of Agriculture, Defence Technology Institute (DTI), Geo-Informatics and Space Technology Development Agency (GISTDA), National Broadcasting and Telecommunications Commission (NBTC), Royal Forest Department, Thailand Convention and Exhibition Bureau (TCEB), Drone Association Thailand, Disaster Response Association Thailand, Thai Silicon and World UAV Federation, alongside other defense and industry organizations.

The breadth of support reflects the importance of drone technology across Thailand’s aviation, agriculture, digital economy, public safety and defense sectors.

With preparations accelerating toward November, DronTech Asia 2026 continues to welcome drone and robotics manufacturers, AI and autonomous technology developers, software companies, component manufacturers, cybersecurity specialists, communications providers and other technology companies seeking opportunities across Thailand and Southeast Asia.

Join the companies already preparing for DronTech Asia 2026 and be part of the technologies shaping the future of unmanned systems in Asia.

DronTech Asia 2026

11–13 November 2026
IMPACT Exhibition & Convention Center, Thailand

For more information, visit DronTech Asia.

Media & General Enquiries

Mr. Poom Saensiripong
Marketing & Graphic Designer
GML Exhibition (Thailand) Co., Ltd.
Email: poom@asiandefense.com

Sales & Sponsorship Opportunities

Ms. Natcha Lim
Sales Manager
GML Exhibition (Thailand) Co., Ltd.
Email: Natcha@asiandefense.com

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SOURCE GML Exhibition (Thailand) Co., Ltd.

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