Pentair To Acquire Pleatco From Align Capital Partners For $255 Mln Cash – Quick Facts

Skoda to set-up 30 compact workshops across India

Skoda plans to set up 30 ‘compact workshops’ across India by the end of 2021, in a bid to widen its service network. The workshops will be connected to the main sales outlet, and going forward, all dealer facilities in non-metro locations will have a compact workshop, each having a minimum service facility of two bays.

The workshops will be capable of handling periodic maintenance and general repair services. These include inspection services, replacement of coolant, brake oil and brake disc or pad replacement. Customers can also get minor repairs done such as replacement of bulbs, wiper blades, car detailing and accessories fitment which do not require specialised tools. However, major repair or service jobs will continue to be carried out at main workshops.

Commenting on the announcement, Skoda brand director, Zac Hollis said, “We have already introduced several initiatives on this front, and I am happy to announce the start of ‘Skoda Compact Workshops’. Our objective is to cater to the growing customer base and ensure that customers have a seamless experience with the Skoda brand.”

The next major launch from the Czech carmaker in India will be an all-new mid-size sedan, replacing the ageing Rapid. The upcoming sedan will also be based on the MQB-A0-IN platform, just like the new Kushaq, and will be launched sometime in early 2022. Skoda also has the facelifted Kodiaq petrol on the cards for India, which too will arrive sometime next year.

Inflation, massive cyber IPO and Christmas supply worries

As the UK economy continues its post-pandemic bounce back, Ian King is joined by Sky’s economics and data editor Ed Conway to discuss the latest inflation figures.

Plus, Goldman Sachs International chief executive Richard Gnodde joins Ian in Birmingham where news of the company’s new office has created a buzz.

West Midlands mayor Andy Street joins them to discuss what this means for the city and its expanding financial services sector.

Listen and subscribe to The Ian King Business Podcast here.

Tucker Carlson Makes On-Air Plea To Swollen-Testicled Friend Of Nicki Minaj’s Cousin

Tucker Carlson wants the supposedly swollen-testicled friend of Nicki Minaj’s cousin to come on his show.

The Fox News personality on Tuesday issued an on-air plea to talk to the man in Trinidad who the unvaccinated hip hop star this week claimed, in a hotly-contested viral tweet, had suffered enlarged genitals and become impotent after receiving the shot ― and was then dumped before his wedding.

Public health experts, including top infectious diseases expert Dr. Anthony Fauci, have dismissed the rapper’s claims by saying there is no evidence the shots can cause reproductive problems.

“We haven’t been able to figure out whether this show is broadcast in Trinidad,” Carlson said at the end of a 10-minute segment dedicated to Minaj’s unsubstantiated claim.

“But if Nicki Minaj’s cousin’s friend is watching, or his former fiancee is watching, we want to hear your story,” he continued. “We’ll come to Port of Spain to see you. Let us know.”

Earlier on his widely watched show, self-confessed liar and sower of doubts about the vaccine Carlson corrected his previous night’s assertion in a graphic that it was Minaj’s cousin — and not his cousin’s friend — whose testicles had become enlarged.

“Nicki Minaj’s cousin’s testicles are not swollen, as far as we know, he’s fine,” said Carlson. “It’s Nicki Minaj’s cousin’s friend’s testicles who are swollen from taking the vax. That’s the claim.” 

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Gold Eases Amid Taper Uncertainty

Gold prices consolidated in a tight range near the key $1,800 level Wednesday as weaker-than-expected U.S. inflation data added to uncertainty over the U.S. Federal Reserve’s timeline to begin asset tapering.

Spot gold dipped 0.2 percent to $1,801.12 per ounce, after having hit a one-week peak of $1,808.50 on Tuesday. U.S. gold futures were down 0.3 percent at $1,802.60.

A highly anticipated report released by the Labor Department on Tuesday showed that the consumer price index rose by 0.3 percent in August after climbing by 0.5 percent in July. Economists had expected consumer prices to increase by 0.4 percent.

Uncertainty persists about Fed policy despite the disappointing inflation figures. On Friday, the government reported that U.S. wholesale prices jumped sharply in August.

The Commerce Department will release retail sales for August on Thursday, giving another glimpse into consumer spending. The University of Michigan will release its consumer sentiment survey on Friday.

The Fed is scheduled to hold a monetary policy meeting next week, with many expecting the central bank to provide an update on the outlook for its asset purchase program.

Data on U.S. import and export prices and industrial production, all for August, and New York Fed’s empire manufacturing survey for September are set for release in the New York session.

Pentair To Acquire Pleatco From Align Capital Partners For $255 Mln Cash – Quick Facts

Sustainable water solutions provider Pentair plc (PNR) announced Wednesday that it has entered into a definitive agreement to acquire Pleatco from private equity firm Align Capital Partners for a total consideration of approximately $255 million in cash, subject to customary adjustments.

Pleatco is a manufacturer of water filtration and clean air technologies for pool, spa and industrial air customers.

The planned acquisition of Pleatco provides Pentair an expanded range of replacement filter products to be sold through Pentair’s existing Pool and Spa distribution channels as well as through Pleatco’s distribution channels.

The planned acquisition also expands Pentair’s Industrial Filtration portfolio, with complementary air filtration products to serve the needs of its industrial customers.

The transaction is expected to be accretive in its first full year. The acquisition is anticipated to be completed in the fourth quarter, subject to customary closing conditions and necessary regulatory approvals.