Natick

Boston developer Bulfinch Cos. has pulled the plug on plans to repurpose the former Neiman Marcus department store at the Natick Mall as lab space and is instead working with a fitness club owner to put a pickleball club in the shopping center.

Natick-based Electric Hydrogen (EH2), a company manufacturing equipment to create hydrogen from water using renewable electricity, has raised $380 million in series C financing, which it will use to accelerate manufacturing to meet customer demand.

Richard Gedrich has 25 years of experience as an executive in preclinical, translational, and clinical research spanning aspects of drug discovery.

Eastern Insurance Group, a Natick-based subsidiary of Eastern Bankshares of Boston ,will likely be acquired by Illinois insurance giant Arthur J. Gallagher & Co. for $510 million in cash.

Natick-based cancer detection firm Mercy BioAnalytics has added two executive positions to its roster ahead of commercialization plans for its product.

Natick-based Electric Hydrogen will soon be putting its Devens gigafactory to use, as it has entered an agreement to provide a 100-megawatt electrolyzer system to New Fortress Energy in Texas.

Natick machine-vision company Cognex agreed to purchase Japan-based Moritex Corp., a global manufacturer of optical components.

Natick machine-vision firm Cognex partnered up with OSARO, a California robotics company specializing in AI-driven fulfillment robots, to improve the robots’ efficiency in reading barcodes.

Natick-based Allurion Technologies will add a generative AI technology to its clinical offerings in the form of an artificial intelligence-powered health coach.

An affiliate of Natick developer Franchi Management Co. of Natick sold two industrial properties in Franklin to global investment firm Investcorp for $37.5 million.