has acquired a minority stake in B8ta
, a technology-powered retailer. No financial terms were disclosed. B8ta’s backers include TriplePoint Capital, Khosla Ventures, Fifth Wall Ventures, Macerich
and Eniac Ventures.
NEW YORK–(BUSINESS WIRE)–Macy’s (NYSE:M) today announced an evolution of its commercial partnership with technology powered retailer b8ta. As part of its strategic focus on enhancing the in-store customer experience, the company will leverage b8ta’s best-in-class software platform to scale The Market @ Macy’s, becoming strategic partners in this ‘retail-as-a-service’ model. The Market @ Macy’s is the company’s experiential retail concept launched earlier this year. Macy’s has also acquired a minority equity stake in b8ta.
“Macy’s is in the experience business. We’re always looking for new formats that allow our customers to discover and connect with our products and services in-store in a way that drives engagement with our brand,” said Hal Lawton, president of Macy’s. “We’re pleased
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Dorner Manufacturing Corp
, a portfolio company of Incline Equity Partners
, has acquired Malaysia-based FlexMove
, a maker of flexible chain conveyors for food, beverage, automotive, electronic and other sectors. No financial terms were disclosed.
Incline Equity Partners (“Incline”), a private equity firm focused on making investments in lower middle-market growth companies, announces its platform company, Dorner Manufacturing Corp. (“Dorner” or the “Company”), an industry leader in the design, applications, manufacturing and integration of precision industrial and sanitary conveyor systems, has acquired FlexMove System (M) SDN. BHD (“FlexMove”). Penang, Malaysia-based FlexMove is a leading manufacturer of flexible chain conveyors for food, beverage, automotive, electronic and other industries.
The FlexMove acquisition serves as a platform for Dorner’s international growth in Asia and Europe. The geographic expansion was further bolstered by adding flexible chain conveyors to the Dorner suite of products. These conveyors strengthen the Company’s offerings for applications
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