SLB to Support Offshore Production Restoration for Brunei Shell Petroleum

 HOUSTON -

Integrated execution model combines multiple disciplines to improve recovery from mature offshore assets

(BUSINESS WIRE) -- Global energy technology company SLB (NYSE: SLB) today announced it has been awarded a contract by Brunei Shell Petroleum (BSP) to support production restoration from shut-in wells across multiple offshore fields.

The contract scope spans subsurface evaluation, well candidate selection, engineering and offshore execution. Project management, intervention services, monitoring, metering and marine logistics are integrated within a single coordinated execution model designed to support efficient production restoration.

“Building on our long collaboration in the region, this contract reflects a shared commitment to maximizing value from existing offshore resources,” said Gokhan Yarim, senior vice president of Integration, SLB. “Together with BSP, we are combining SLB’s production expertise and integrated execution capabilities to help restore production from shut-in wells, increase recovery from existing infrastructure and support BSP’s long-term production objectives.”

The project marks the first deployment of an integrated production restoration solution for Brunei Shell Petroleum, bringing together multiple disciplines, services and workflows to optimize recovery from mature offshore assets. The program also aligns with standard Well, Reservoir and Facility Management methodology through coordinated surveillance, engineering and intervention planning. This supports a structured approach to optimizing production while maintaining safe and efficient operations across mature offshore assets.

As operators increasingly prioritize maximizing recovery from existing assets, mature offshore fields present both opportunity and complexity. This award reflects a broader industry shift toward integrated production and recovery solutions that combine technical expertise, coordinated execution and production management to safely and efficiently improve asset performance.

Key Points:

SLB has been awarded a contract by Brunei Shell Petroleum to support production restoration from shut-in wells across multiple offshore fields.

The project marks the first deployment of SLB's integrated production restoration solution for Brunei Shell Petroleum, bringing multiple disciplines, services and workflows together through an integrated execution model.

The integrated production restoration program combines well candidate selection, project management, engineering, intervention services, monitoring, metering and marine logistics within a single coordinated execution model.

The project reflects a broader industry shift toward integrated production and recovery solutions that combine technical expertise, coordinated execution and production management to safely and efficiently improve asset performance.

About SLB

SLB (NYSE: SLB) is a global technology company that has driven energy innovation for 100 years. With a global footprint in more than 100 countries and employees representing almost twice as many nationalities, we work each day on innovating oil and gas, delivering digital at scale, decarbonizing industries, and developing and scaling new energy systems that accelerate the energy transition. Find out more at slb.com.

Cautionary Statement Regarding Forward-Looking Statements:

This press release contains “forward-looking statements” within the meaning of the U.S. federal securities laws — that is, statements about the future, not about past events. Such statements often contain words such as “expect,” “may,” “can,” “estimate,” “intend,” “anticipate,” “will,” “potential,” “projected" and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as forecasts or expectations regarding the deployment of, or anticipated benefits of, SLB’s new technologies and partnerships; and improvements in operating procedures and technology. These statements are subject to risks and uncertainties, including, but not limited to, the inability to recognize intended benefits of SLB’s strategies, initiatives or partnerships; and other risks and uncertainties detailed in SLB’s most recent Forms 10-K, 10-Q and 8-K filed with or furnished to the U.S. Securities and Exchange Commission. If one or more of these or other risks or uncertainties materialize (or the consequences of such a development changes), or should underlying assumptions prove incorrect, actual outcomes may vary materially from those reflected in our forward-looking statements. The forward-looking statements speak only as of the date of this press release, and SLB disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.

 

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Contacts

Media

Josh Byerly – SVP of Global Communications

Moira Duff – Director of External Communications

SLB

Tel: +1 (713) 375-3407

media@slb.com

Investors

James R. McDonald – SVP of Investor Relations & Industry Affairs

Joy V. Domingo – Director of Investor Relations

SLB

Tel: +1 (713) 375-3535

investor-relations@slb.com

 

Bitget Launches Fixed Coupon Notes for US Stock rTokens

VICTORIA, Seychelles - Tuesday, 18. August 2026

 

(GLOBE NEWSWIRE) -- Bitget, the world's largest Universal Exchange (UEX), has launched the Fixed Coupon Note (FCN) Plan, bringing a structured product commonly used in traditional finance to tokenized US stocks. The new FCN structure allows users to subscribe with USDT and earn a predefined USDT coupon during the holding period.

Bitget is the first crypto exchange to combine the FCN structure with USDT settlement and US stock rToken delivery. The launch expands the ways users can access traditional financial assets through Bitget, moving beyond spot trading to structured strategies built around tokenized equities. The FCN Plan is designed for users who are interested in gaining exposure to US stocks but prefer to enter at a specific price instead of buying immediately at the prevailing market price. At launch, the product is linked to popular US stock rTokens including SNDK, MRVL, SKHY, NVDA, and MU.

Users subscribe with USDT and select a strike price at which they are comfortable acquiring the linked rToken. If the observation price at maturity is at or above the strike price, the user receives the USDT principal plus the predefined USDT coupon. If the observation price is below the strike price, the principal is converted into the linked rToken at the strike price, while the coupon is paid in USDT. The structure provides an alternative to placing a conventional limit order. While a limit order allows investors to wait for a preferred entry price, the capital allocated to that order can remain idle until it is executed. FCN enables the platform to set their target price in advance while earning a coupon during the product term, regardless of which of the two settlement outcomes occurs at maturity.

“There are times when you want exposure to a stock but the price is not where you want it to be,” said Gracy Chen, CEO of Bitget. “FCN gives users a set price they are comfortable buying at and earn while they wait. Bringing stocks onto Bitget was one part of building UEX. Now we are giving users more ways to access and use these assets, beyond simply buying and selling them on spot.”

The launch further expands Bitget's rToken ecosystem and its Universal Exchange strategy, which brings crypto and traditional financial assets into a unified trading environment. By combining USDT, tokenized US stocks and a structured product mechanism used in traditional finance, FCN adds another route for users to access and manage traditional assets on Bitget.

FCN is a non-principal-protected structured product. If settlement occurs in rTokens, users remain exposed to movements in the price of the underlying asset and may incur losses if its price declines further.

To mark the launch, Bitget will run a limited-time FCN campaign from August 17 to September 18, 2026, with rewards available to eligible first-time and cumulative subscribers.

For more information about Bitget FCN, visit here.

About Bitget

Bitget is the world's largest Universal Exchange (UEX), serving over 125 million users and offering access to over 2M crypto tokens, 500+ tokenized stocks, ETFs, commodities, FX, and precious metals such as gold. The ecosystem is committed to helping users trade smarter with its AI agent, which co-pilots trade execution. Bitget is driving crypto adoption through strategic partnerships such as MotoGP™. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. Bitget currently leads in the tokenized TradFi market, providing the industry's lowest fees and highest liquidity across 150 regions worldwide.

For more information, visit: Website | X | Telegram | LinkedIn | Discord

For media inquiries, please contact: media@bitget.com

A photo accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/523c4e00-de32-4d02-8745-be5d7956c706

TVS Motor accélère son expansion mondiale des véhicules électriques avec le lancement du TVS iQube au Kenya. L'OEM indien est le premier à commercialiser un scooter électrique haut de gamme en Afrique

NAIROBI, Kenya - mardi, 18. août 2026

(BUSINESS WIRE)-- Conformément à son engagement en faveur d'une mobilité durable à l'échelle mondiale, TVS Motor Company (TVSM), filiale de TVS VENU, constructeur mondial de premier plan de deux et trois roues, a lancé au Kenya son scooter électrique haut de gamme, le TVS iQube, et pénètre ainsi le marché africain. Conçu pour le conducteur moderne, le TVS iQube établit de nouvelles références en matière de performance, de confort, de sécurité et de qualité de fabrication.

« Le lancement du TVS iQube au Kenya nous fait pénétrer le marché africain des véhicules électriques et témoigne de notre volonté constante de développer des solutions électriques innovantes sur les marchés internationaux. Ce lancement marque une étape essentielle dans notre croissance », a déclaré Peyman Kargar, président de la division internationale de TVS Motor Company.

Le TVS iQube allie hautes performances et confort exceptionnel. Développant une puissance maximale de 4,6 kW (équivalente à celle d'un scooter 125 cm3), il passe de 0 à 40 km/h en seulement 4,2 secondes. Sa batterie lithium-ion de dernière génération garantit sa durabilité et des performances constantes.

« Alors que le marché africain global des deux-roues doit enregistrer un TCAC annuel de 7 à 10 % jusqu’en 2030, celle des deux-roues électriques est beaucoup plus rapide, avec un TCAC prévu allant de 15 % à 25 % jusqu’en 2030-2031. La pénétration des véhicules électriques reste faible par rapport à la taille du secteur et le potentiel de croissance est très prometteur », a ajouté Vijay Gidoomal, CEO de Car & General.

Avec ses plus d'un million de clients, le TVS iQube a parcouru collectivement plus de 17,81 milliards de kilomètres. 623 595 tonnes d'émissions de CO₂, ont été ainsi évitées, soit l'équivalent de la plantation de 25 millions d'arbres, ce qui souligne l'impact tangible que la mobilité électrique peut produire à grande échelle.

Les deux versions du modèle :

Spécifications
    

TVS iQube 3.5
    

TVS iQube 2.2

Puissance maximale
    

4,6 kW
    

4,6 kW

Nombre de Batteries/Type
    

Deux / Lithium-Ion
    

Une / Lithium-Ion

Capacité des batteries
    

3,5 kWh
    

2,2 kWh

Autonomie par Charge
    

Autonomie réelle de 115 km.
    

Autonomie réelle de 75 kms.

Vitesse maximale
    

82 km/h
    

75 km/h

Accélération 0-40 km/h
    

4,2 s
    

4,2 s

Aide au stationnement
    

Marche arrière / Marche avant
    

Marche arrière / Marche avant

Couple maximal
    

140 Nm
    

140 Nm

Sécurité
    

Système de protection et d'étanchéité des batteries contrôlé par BMS et par IP67
    

Système de protection et d'étanchéité des batteries contrôlé par BMS et par IP67

Tableau de bord
    

Tableau de bord numérique de 5 pouces
    

Tableau de bord numérique de 5 pouces

Temps de charge (0-80 %)
    

2 heures 55 minutes (chargeur portable de 950 W)
    

2 heures (chargeur portable de 950 W)

Rangement sous selle
    

32 litres
    

30 litres

Pour plus d'informations : www.tvsmotor.com

Le texte du communiqué issu d’une traduction ne doit d’aucune manière être considéré comme officiel. La seule version du communiqué qui fasse foi est celle du communiqué dans sa langue d’origine. La traduction devra toujours être confrontée au texte source, qui fera jurisprudence.

Consultez la version source sur businesswire.com : https://www.businesswire.com/news/home/20260812612135/fr/

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Contacts

Pour plus d'information, prière de contacter :
Kanika Mehta : kanika.mehta@tvsmotor.com

A.P. Moller Capital conclut un accord pour acquérir une participation majoritaire dans Globex Investissement, entreprise marocaine de référence dans le secteur de la logistique

COPENHAGUE, Danemark et CASABLANCA, Maroc - lundi, 17. août 2026

 

• A.P. Moller Capital – Emerging Markets Infrastructure Fund II et APM Capital Morocco Fund annoncent acquérir une participation majoritaire dans Globex, établissant ainsi un partenariat avec son fondateur et PDG, Omar El Kadiri, qui restera à la tête de l’entreprise aux côtés d’une équipe de direction expérimentée.

 

• Cette opération s’inscrit pleinement dans les priorités géographiques et sectorielles d’A.P. Moller Capital au Maroc, et dans les secteurs du transport et de la logistique.

 

• Globex s’appuie sur des accords exclusifs de licence sur le marché local et bénéficie de positions établies dans les domaines de la livraison express, du transport routier de marchandises, du transit international et du courtage en douane.

 

(GLOBE NEWSWIRE) -- A.P. Moller Capital a le plaisir d’annoncer que A.P. Moller Capital – Emerging Markets Infrastructure Fund II (« EMIF II ») et APM Capital Morocco Fund (ensemble, les « Fonds ») ont conclu un accord en vue d’acquérir une participation majoritaire dans Globex Investissement (« Globex »), considéré comme l’un des principaux acteurs marocains du secteur de la logistique.

Les Fonds établiront un partenariat avec Omar El Kadiri, Fondateur et PDG de Globex, qui continuera à diriger l’entreprise aux côtés d’une équipe de direction expérimentée, garantissant ainsi la continuité stratégique alors que la société entame une nouvelle phase de croissance. M. El Kadiri accompagnera l’évolution de Globex, contribuant ainsi à une croissance durable et à la création de valeur à long terme.

Globex est un acteur de référence du secteur marocain du transport et de la logistique. L’entreprise s’appuie sur des accords exclusifs de licence sur le marché local et occupe des positions de premier plan dans les domaines de la livraison express, du transport routier de marchandises, du transit international et du courtage en douane.

Forte de son solide héritage, son expertise dans les domaines du transport et de la logistique, ainsi que de sa connaissance approfondie du marché nord-africain, A.P. Moller Capital est le partenaire idéal pour Globex dans sa prochaine phase de croissance, et contribuera ainsi à renforcer sa position de leader sur le marché.

Bénéficiant de l’expertise et de la solide expérience d’A.P. Moller Capital en matière d’investissements durables, Globex aspire à devenir un leader de la logistique verte au Maroc en mettant en œuvre sa feuille de route vers la neutralité carbone (« Net Zero »). Celle-ci comprend notamment le déploiement de plateformes logistiques alimentées par l’énergie solaire, l’intégration d’une flotte de véhicules électriques ainsi que la mise en place d’outils de suivi et de reporting des émissions de CO₂, le tout soutenu par un cadre de gouvernance ESG robuste.

La finalisation de l’acquisition demeure soumise aux conditions suspensives usuelles, notamment à l’obtention de l’autorisation de concentration du Conseil de la Concurrence du Maroc.

Kim Fejfer, PDG d’A.P. Moller Capital, déclare :
« Nous sommes ravis de nous associer à Omar El Kadiri dans le cadre de cet investissement, qui s’inscrit pleinement dans nos priorités sectorielles et géographiques stratégiques. Globex est un leader reconnu sur le marché du transport et de la logistique, un secteur dans lequel nous disposons d’une expertise approfondie ainsi que d’une forte présence régionale. Par ailleurs, le Maroc est en train de devenir rapidement le principal hub logistique d’Afrique du Nord, soutenu par des conditions macroéconomiques favorables ».

Pour sa part, Ghislane Guedira, PDG d’APM Capital Morocco S.A., souligne :
« Nous sommes ravis d’annoncer notre intention d’investir dans Globex. Grâce à l’expertise sectorielle d’A.P. Moller Capital et à la solidité de l’équipe dirigeante de Globex, nous nous réjouissons d’accompagner l’entreprise dans sa vision qui contribue à renforcer sa position sur le marché et à développer le secteur marocain du transport et de la logistique, tout en maintenant un engagement fort en faveur de la durabilité ».

Pour de plus amples informations

Contacts médias :

John Thompson	+44 7951 060859
Jonathan Churchill	+44 7780 501171
Email	media@apmollercapital.com

À propos d’A.P. Moller Capital

A.P. Moller Capital est une société de gestion de fonds institutionnels internationale, spécialisée dans le développement à grande échelle d’infrastructures essentielles, notamment dans les secteurs du transport, de la logistique et de la transition énergétique. A.P. Moller Capital investit dans des entreprises et les accompagne dans leur développement afin de soutenir une croissance économique durable et la prospérité sur ses marchés d’activité, tout en permettant à ses investisseurs de générer des rendements réguliers et attractifs. À noter qu’A.P. Moller Capital P/S, qui fait partie du groupe A.P. Moller, est agréée par l’Autorité danoise de supervision financière.

APM Capital Morocco S.A. est la société de gestion de fonds d’A.P. Moller Capital basée au Maroc. Elle est agréée et réglementée par l’Autorité Marocaine du Marché des Capitaux (« AMMC »). A.P. Moller Capital – Emerging Markets Infrastructure Fund II K/S est régie et supervisée par l’Autorité danoise de supervision financière en tant que fonds d’investissement alternatif.

www.apmollercapital.com

À propos d’APM Capital Morocco Fund

Créé en février 2026, APM Capital Morocco Fund est un fonds d’investissement dédié au secteur du transport et de la logistique au Maroc, soutenu par des investisseurs institutionnels marocains pionniers. Le fonds est géré par APM Capital Morocco S.A., la société de gestion locale d’A.P. Moller Capital, et est dirigé par son PDG, Ghislane Guedira. Le fonds prévoit d’investir dans des entreprises marocaines opérant dans les secteurs du transport et de la logistique et dispose d’un portefeuille d’opportunités d’investissement solide et dynamique, couvrant notamment la logistique express internationale, la logistique externalisée (3PL), la manutention du fret aérien ainsi que l’entreposage frigorifique.

A.P. Moller Capital agrees to acquire a majority stake in leading Moroccan logistics company Globex Investissement

COPENHAGEN, Denmark and CASABLANCA, Morocco - Monday, 17. August 2026

• A.P. Moller Capital - Emerging Markets Infrastructure Fund II and APM Capital Morocco Fund to acquire majority stake in Globex, establishing a partnership with Founder and CEO Omar El Kadiri, who will remain in place along with an experienced management team

 

• Strong alignment with A.P. Moller Capital’s geographic and sector focus in Morocco and in transportation and logistics

 

• Globex is underpinned by exclusive local market licensing agreements, with established market positions in express delivery, road freight, freight forwarding and customs brokerage

 

 

(GLOBE NEWSWIRE) -- A.P. Moller Capital is pleased to announce that A.P. Moller Capital - Emerging Markets Infrastructure Fund II (“EMIF II”) and APM Capital Morocco Fund (together “the Funds”) have signed an agreement to acquire a majority stake in Globex Investissement ”Globex”, a leading Moroccan logistics company.

The Funds will establish a partnership with the Globex CEO and Founder, Omar El Kadiri, who will continue to lead the business alongside an experienced management team, ensuring strategic continuity as the company enters its next phase of growth. Mr. El Kadiri will support Globex's evolution with a focus on sustainable growth and long-term value creation.

Globex is an established leader in the Moroccan transportation and logistics sector, underpinned by exclusive local market licensing agreements, with established market positions in express delivery, road freight, freight forwarding and customs brokerage.

A.P. Moller Capital’s strong sector heritage and experience in transportation and logistics along with its deep knowledge of the North African market, makes it an ideal partner to support Globex's next phase of growth and reinforce its leadership position in the market.

Additionally, by leveraging A.P. Moller Capital’s knowledge and track record in sustainable investments, Globex will aim to become a green logistics leader in Morocco, delivering its Net Zero roadmap, including solar powered hubs, electric fleet deployment and CO₂ reporting tools underpinned by robust ESG governance standards.

Completion of the acquisition is subject to customary conditions precedent, including merger control clearance by the Moroccan Competition Council.

Kim Fejfer, CEO of A.P. Moller Capital, said:
“We are excited to partner with Omar El Kadiri through our investment which directly aligns with our core sector and geographic focus. Globex is an established market leader in transportation and logistics, a sector in which we have deep domain expertise and a strong regional presence, and Morocco is rapidly developing into the leading North African logistics hub, supported by strong macroeconomic tailwinds.”

Ghislane Guedira, CEO of APM Capital Morocco S.A, said:
“We’re delighted to announce our investment in Globex. With the combination of A.P. Moller Capital’s sector heritage and Globex’s strong management team, we look forward to supporting the company as it continues to strengthen its market position and contribute to the development of Morocco’s transport and logistics sector, while maintaining a strong focus on sustainability.”

For further information

Media Contacts:

John Thompson; +44 7951 060859
Jonathan Churchill; +44 7780 501171
media@apmollercapital.com

About A.P. Moller Capital 

A.P. Moller Capital is a global institutional fund manager focused on scaling critical infrastructure needs, particularly in transportation, logistics and energy transition. A.P. Moller Capital invests in and develops businesses that support sustainable economic growth and prosperity in its markets of operations, while striving to deliver consistent and attractive investment returns to its investors. A.P. Moller Capital P/S, part of A.P. Moller Group, is authorised by the Danish Financial Supervisory Authority.

APM Capital Morocco S.A. is the Morocco-based fund management company of A.P. Moller Capital and is authorised and regulated by the Moroccan Capital Market Authority (“AMMC”). A.P. Moller Capital - Emerging Markets Infrastructure Fund II K/S is governed and regulated by the Danish Financial Supervisory Authority as an Alternative Investment Fund.

www.apmollercapital.com

About APM Capital Morocco Fund

Established in February 2026, the APM Capital Morocco Fund is a Morocco-focused transportation and logistics investment fund backed by leading Moroccan institutional investors. The fund is managed by APM Capital Morocco S.A., A.P. Moller Capital’s local management company, and is led by CEO Ghislane Guedira. The fund is expected to invest in transportation and logistics businesses in Morocco and has a deep and active pipeline spanning international express logistics, third-party logistics, air cargo handling and cold storage.

Quectel Launches Android 16 Smart Modules for 4G and 5G IoT Devices

  BELGRADE, Serbia - Tuesday, 18. August 2026 AETOSWire 

New SH602FA and SE505FE smart modules combine Android 16 with integrated wireless connectivity to accelerate industrial and commercial IoT development

(BUSINESS WIRE) -- Quectel Wireless Solutions, a global end-to-end IoT solutions provider, today announces the launch of two new Android 16 smart modules: the SH602FA, a high-performance 4G smart module, and the SE505FE, an entry-level 5G smart module. Designed for industrial and commercial IoT applications, the new modules combine Android 16, integrated wireless connectivity and powerful multimedia capabilities in compact form factors that simplify development and accelerate time-to-market.

By bringing Android 16 to both 4G and 5G IoT devices, Quectel enables developers to build smarter connected products with richer user interfaces, enhanced multimedia performance and seamless integration into modern smart building, retail and industrial environments.

Android 16 enables connected devices to communicate more intelligently with surrounding systems while reducing development complexity. For example, a vending machine can exchange data directly with a smart building's energy management platform without requiring extensive custom integration. A retail kiosk can display live operational updates, promotional content and transaction confirmations using Android's built-in interface capabilities rather than relying on separate display controllers. Wearables, industrial handhelds and in-vehicle systems also benefit from more responsive graphics, improved media performance and enhanced security features delivered through the operating system.

For device manufacturers, this means more functionality delivered at the platform level, reducing software development effort, minimizing hardware requirements and shortening product development cycles.

“With the SH602FA and SE505FE, we are making Android 16 available to IoT developers at both ends of the connectivity spectrum,” said Zeljko Maric, Product Development Manager, Quectel Wireless Solutions. “Whether customers are developing high-performance industrial terminals using 4G or introducing affordable 5G connectivity into new categories of smart devices, they now have access to Android 16 in globally certifiable, production-ready smart modules that reduce design complexity and accelerate deployment.”

SH602FA: Android 16 4G smart module for industrial IoT

The SH602FA is designed for developers requiring premium 4G performance without compromising on computing power or multimedia capability. Powered by the MediaTek MT8786 chipset featuring a 2× Cortex-A75 and 6× Cortex-A55 processor architecture alongside a G52 MC2 GPU, it delivers the performance required for graphics-intensive embedded applications without requiring an external host processor. Supporting cameras up to 64MP and 2K video at 30fps, the module suits handheld terminals, industrial inspection devices, smart intercoms, safety equipment and multimedia applications. It integrates LTE Cat 4, Wi-Fi 802.11ac, Bluetooth 5.1 and GNSS in a compact LCC form factor and supports a wide range of interfaces for rapid integration.

SE505FE: Android 16 5G smart module for next generation connected devices

The SE505FE makes Android-powered 5G connectivity accessible to a wider range of IoT applications. Built on the MediaTek MT8863T chipset with a 2× Cortex-A76 and 6× Cortex-A55 processor architecture and Mali-G57 GPU, it supports 5G Sub-6GHz and LTE Cat 4, together with Wi-Fi 6, Bluetooth 5.2 and GNSS. Typical applications include AR/VR devices, digital signage, smart gateways, tablets, industrial PDAs, robotics and intelligent video platforms.

Accelerating Android-based IoT innovation

Together, the SH602FA and SE505FE expand Quectel’s Android smart module portfolio, providing developers and OEMs with scalable options for both 4G and 5G IoT devices. By combining Android 16, integrated wireless connectivity, powerful multimedia processing and global certification support, the new modules help reduce engineering complexity, accelerate product development and enable faster deployment across industrial automation, retail, logistics, smart cities, healthcare and other connected applications.

About Quectel

Quectel’s passion for a smarter world drives us to accelerate IoT innovation. A highly customer-centric organization, we are a global end-to-end IoT solutions provider backed by outstanding support and services.

With a worldwide team of over 8,900 professionals, we lead the way in delivering end-to-end IoT solutions, spanning cellular, GNSS, satellite, Wi-Fi and Bluetooth modules, high-performance antennas, value-added services and full turnkey offerings including ODM services and system integration.

With regional offices and support across the globe, our international leadership is devoted to advancing IoT and helping build a smarter world.

For more information, please visit: www.quectel.com or LinkedIn

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260818272981/en/

Permalink

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Contacts

Media contact: media@quectel.com

Foundever Successfully Closes a Holistic Recapitalization, Reducing its Debt by Nearly $900 Million and Strengthening its Financial Position for Long-Term Growth

 

Secures $225 Million Equity Infusion; Revolving Credit Facility and Term Loan Maturities Extended

Benoit Leclercq Appointed Interim Chief Executive Officer to Lead Foundever Through its Next Phase of Growth; Company Begins Formal Search Process for Permanent CEO

(BUSINESS WIRE) -- Foundever Group S.A.® (“Foundever” or the “Company”) – a global leader in integrated customer experience, digital operations and analytics services, today announced that it has successfully closed a holistic recapitalization (the “Transaction”) in coordination with 95.4% of the lenders under its term loan facility (“Term Loan Lenders”), 100% of its revolving credit facility lenders (“RCF Lenders”), and the Company’s existing majority shareholders. The Transaction meaningfully strengthens Foundever’s financial foundation and positions the Company to invest in its growth strategy. Key terms of the Transaction include:

• Company's existing majority shareholders invest $225 million into common equity.
• Term loan facility exchange reduces the Company's total debt by nearly $900 million.
• Revolving credit facility maturity date is extended by more than four years to December 2030, and term loan maturity date is extended by more than 2.5 years to March 2031.
• Certain of the Company's RCF Lenders provide a new three-year, $225 million global accounts receivable financing facility, replacing the Company's prior factoring arrangement and further strengthening liquidity.

The Transaction demonstrates strong support and conviction from across Foundever's stakeholder base, including its shareholders, Term Loan Lenders and RCF Lenders, providing the Company with long-term financial strength. The Company's shareholders are deeply committed to Foundever's mission and will support the business as long-term partners dedicated to its growth, creating lasting impact, and delivering value well into the future.

“This agreement gives Foundever the financial foundation to invest with confidence in our strategy and long-term growth ambitions,” said Benoit Leclercq, Interim CEO at Foundever. “With a strengthened balance sheet and the backing of long-term partners, we are positioned to further accelerate our technology roadmap, expand our global network, and lead the shift to an agentic-AI model from a position of strength. This is an important milestone for our clients and our people, and provides a strong platform for the Company’s next chapter.”

In recent years, Foundever has implemented several key initiatives to lay the groundwork for long-term success, building a full spectrum of customer experience (“CX”) capabilities and solutions for clients across industries. With a strengthened capital structure and a clear focus on growth, client-centricity, and value-accretive AI initiatives, Foundever is poised to deliver high performance across the business and lead the CX industry into its next chapter.

Leadership Update

As Foundever enters its next stage of growth, the Company continues under the stewardship of Benoit Leclercq who brings more than 30 years of experience as an industrial entrepreneur, investor, and board-level leader. Laurent Uberti and Olivier Camino have stepped down from their respective roles as Group Chief Executive Officer and Executive Chairman, and Deputy Chief Executive Officer as of July 31, 2026. The Company is grateful for their many years of leadership and the significant role they have played in building Foundever into a leading global customer experience business.

The Board has engaged an executive search firm to identify the Company’s next permanent Chief Executive Officer, who has the experience and capabilities required to lead Foundever through its next phase of development.

Leclercq continued, “As I take on this leadership position, I want to recognize the outstanding contribution of Laurent and Olivier who have spent more than 30 years building this Company from the ground up, helping to establish Foundever as a prominent player in the CX space.”

Day-to-day operations remain unchanged. Clients, employees, and partners should expect continuity with no disruption to service or relationships. Foundever continues to serve its clients in every region as normal. With a strengthened capital structure, ongoing support from its lenders and a stable leadership team, the Company is well positioned to execute its strategy and reinforce its position as a leader in the CX space.

Advisors

Weil, Gotshal & Manges LLP is serving as legal counsel, PJT Partners is serving as financial advisor and C Street Advisory Group is serving as strategic communications advisor to the Company.

Gibson, Dunn & Crutcher LLP is serving as legal counsel and Lazard is serving as financial advisor to certain consenting Term Loan Lenders.

Latham & Watkins LLP is serving as legal counsel, Ondra is serving as financial advisor and Brunswick Group is serving as strategic communications advisor to Pidoll.

About Foundever®

Foundever® is a next-generation service leader reinventing customer experience (CX). Our 130,000 people in 45+ countries, partner with the world's leading brands to deliver integrated CX, agentic AI operations, and data-powered transformation — with outcomes we underwrite, not just target.

Each year we power 3.3 billion conversations in 60+ languages for more than 800 of the world's top brands — applying 30+ years of cross-client operational intelligence to solve the challenges that matter most: rising expectations, cost pressure, and the demand for measurable AI ROI. We simplify the complex CX landscape with scalable solutions that deliver seamless human experiences and solve real business challenges. Using a people-first, AI-native, and operationally grounded approach, we optimize and transform the customer and agent experience — changing the way things are done.

Discover more at foundever.com and connect with us on LinkedIn, Facebook, YouTube, and Instagram.

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Contacts

Media

media@foundever.com