Permira Acquires Encore Fire Protection in a $1.8 Billion Deal
2 months ago
In a significant move within the private equity sector, Permira, a well-known international investment firm, has reportedly acquired Encore Fire Protection, a leading provider of fire protection services. The deal, valued at $1.8 billion, underscores the growing demand for safety and compliance services across various industries.
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Ford Faces Staggering $165 Million Penalty Over Recall Negligence
5 months ago
In a significant development for the automotive giant Ford Motor Co., the company has been slapped with a near-record fine of $165 million due to its failure to adequately address recalls for vehicles that posed safety risks. This penalty, levied by the National Highway Traffic Safety Administration (NHTSA), underscores the growing scrutiny of automakers’ responsibilities in ensuring vehicle safety.
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