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Yuwell to invest $27m in Inogen to boost oxygen potential

Gas
January 28, 2025

Leading oxygen concentrator manufacturers Yuwell Medical and Inogen have announced an investment tie up to advance their medical device and respiratory businesses.

Yuwell, through its whole-owned subsidiary Yuwell (Hong Kong) Holdings, has agreed to invest approximately $27.2m in Inogen, representing 9.9% of the outstanding shares of Inogen’s common stock.

The memorandum, announced at Arab Health in Dubai, unites two of the major players in the China and US respiratory health sectors.

Both companies agree to carry out in-depth strategic cooperation based on business synergy in international distribution business, trademark licensing and distribution business, joint research and development, and supply chain optimisation.

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Gas
March 13, 2025

Europe unveils €4.4bn investment in South African clean energy

The European Union (EU) is to invest €4.4bn in South Africa’s clean energy industry as part of a global gateway investment package. South Africa becomes the first country to sign…

Gas
March 13, 2025

Nordea signs carbon removals deal with Inherit Carbon Solutions

Nordics financial company Nordea has signed a multi-year carbon removals contract with Norwegian company Inherit Carbon Solutions to capture and store at least 68,000 tonnes of carbon dioxide (CO2) from…