Manufacturing

Marlborough’s ConnectM buys Maryland defense contractor

ConnectM entered into this deal with HKA on March 10.

🔒Southborough payment processor sells gas station division to Nashville firm

Data Processing Solutions, a Southborough-based merchant services firm, has sold its gas station payment processing division to Celero Commerce.

🔒After raising $223M, Marlborough battery firm backed by Bill Gates shuts down

After raising more than $223 million from investors including Bill Gates, Marlborough battery startup Ambri shut down late last year, months after emerging from Chapter 11 bankruptcy.

🔒Worcester manufacturer doubles space with move to Lancaster

After nearly four decades in Worcester, International Ceramic Engineering has moved to Lancaster where the manufacturer has more than doubled its square footage.
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New nonprofit to turn old jewelry into business lessons for youth

The nonprofit will include after-school programs and makers’ nights, meant to serve as a fundraiser through the sale of jewelry produced by participants. 

🔒German court again rules against IPG in patent case

The ruling was released on Monday by the Unified Patent Court in Mannheim, Germany.

Lifeward shareholders approve sale of up to 50% of company

Lifeward shareholders voted to approve the deal on Thursday.

🔒Insulet to spend up to $40M on insulin pump recall

Medical device manufacturer Insulet is recalling some of its insulin pumps after 18 serious patient events.
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Lifeward regains Nasdaq compliance following reverse stock split

Medical device manufacturer Lifeward in Marlborough has regained compliance with Nasdaq listing requirements a month after receiving notice it risked delisting.

Harvard Bioscience promotes Frost to CFO

Frost began his tenure as Harvard Bioscience’s official CFO and treasurer on Friday.
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