Charlotte conglomerate Honeywell has acquired the Southborough-based unmanned aerial vehicle (UAV) subsidiary of Vancouver, BC-based Ballard Power Systems, Inc. in a deal to see the two companies collaborate on fuel cells in the future.
An insurance, employee benefits and human resources solutions firm will consolidate area offices into a new 20,000-square-foot space being renovated in Southborough.
While the economy was growing into the longest economic expansion in the nation’s history, most Worcester County neighborhoods missed out – not only failing to capture rising income and attracting new residents but even going backward in many cases.
Information-technology company Virtusa, based in Southborough, will be acquired by financial services firm Baring Private Equity Asia in an all-cash purchase of all outstanding shares of common stock valued at $2 billion.
Information technology company Virtusa, based in Southborough, reported a $193,000 loss in its net income for the company's first quarter, according to an earnings report issued Thursday.
The Commonwealth Cannabis Company in Millis, a woman- and family-owned operation known by the abbreviation CommCan, is preparing to triple its manufacturing capacity and hire 50 new employees.