Swedish lock manufacturer ASSA ABLOY has signed agreements to purchase Brazil lock company Papaiz, and Brazil sliding door and window hardware maker Udinese. Papaiz and Udinese represent two major acquisitions in the Brazilian market, ASSA ABLOY President and CEO Johan Molin said. Read More »

New start-ups, developments and port upgrades were among the most frequently viewed stories for the year from Latin Business Daily. Read More »

GlobeOne said 7-Eleven Mexico recently signed a letter of intent to team up as corporate partners on financial services."This collaboration with GlobeOne allows us to offer our customers an innovative financial services solution that will benefit them greatly," 7-Eleven Mexico CEO Fernando Castilla said. GlobeOne offers a banking mobile app and multiple types of banking accounts. Read More »

Ceragon Networks said recently that its FibeAir IP-20 Platform will be used to expand the 4G wireless network in parts of Mexico. A wireless operator in Mexico will deploy the platform to increase the speed and efficiency of the network, Ceragon Networks said. The FibeAir IP-20 is is a highly flexible system that works on a wide variety of frequencies ranging from 4 to 86 gigahertz. Read More »

Manuel Andrade was recently named chief executive officer for Padtec, a Brazilian-based global manufacturer and solutions provider of turnkey optical solutions. Andrade previously served as executive vice president for global and submarine sales at Padtec, which is headquartered in Sao Paulo and is the largest Latin American manufacturer of optical networking equipment. Read More »

Grupo Colombo, a men’s apparel retailer in Brazil, and Garnero Group Acquisition Company (GGAC) recently amended their merger agreement to adjust for changes in the foreign exchange rate. Under the revised deal, GGAC will issue 4 million shares of its stock to existing Grupo Colombo’s security owners in return for 100 percent equity ownership in the retailer. Read More »

Mexico's FIBRA Prologis said it has expanded its real estate holdings with the purchase of a 502,000-square-foot building in the Apodaca submarket in Monterrey, Mexico. "This newly developed facility is leased to a multinational customer with whom we have recurrent business," Prologis Mexico CEO Luis Gutierrez said. The Class-A building was purchased for $38 million. Read More »

JetBlue Airways said it will be offering more flights to Mexico in the wake of a recent treaty between the U.S. and Mexico that will allow air carriers to have unlimited flights between the neighboring countries beginning Jan. 1. JetBlue said the new aviation treaty will allow it to expand service to Mexico, where it has been offering flights to Mexico City and Cancun since 2006. Read More »

Creditsafe Inc. recently launched a one-of-a-kind database in Mexico that will allow users to get credit reports on more than 75 percent, or 1.5 million, businesses in Mexico.The database will allow investors to look at the credit score and financial health of businesses, and foreign investors will no longer be kept in the dark about potential investments. Read More »

Aeromexico will begin direct service three times a week between Mexico City and Amsterdam on May 29. "Aeromexico is extremely proud to add Amsterdam to its European route network,” Anko van der Werff said. “The Netherlands is Mexico's fourth-largest trading partner in the European Union, and nowadays, an average of 200,000 annual passengers travel between both capital cities." Read More »

Brainsway LTD and Moksha8 have reached an agreement that will see Brainsway distribute its Deep TMS product throughout Latin America via Moksha8’s network. Brainsway is a leader in research and development of products for brain stimulation that are non-invasive. Read More »

Cafe de Costa Rica is committed to becoming the first sustainable coffee-growing region in the world. The announcement came during the International Coffee Week, which brought more than 500 coffee industry professionals together last month. Read More »

Amdocs, which provides customer service software solutions, recently opened a customer service center in Guadalajara, Mexico to handle expansion in Latin America and Mexico. The new office will handle development of applications, maintenance, integration of systems and training. Amdocs operates offices around the world, including locations in Brazil and Costa Rica.  Read More »

New silver and gold mineralization has been found at the Palmarejo Complex in Mexico, Coeur Mining Inc., the company running the site said recently. The finding also includes the Independencia, Nacion, Guadalupe and Los Bancos zones. The findings at the site are of high quality, which is similar to the average of gold and silver reserve grades. Read More »

The Giant Magellan Telescope will soon be fully operational, as its groundbreaking took place in the Chilean Andes on Nov. 11. Political officials, university officials and scientists celebrated the groundbreaking on a remote mountain in the Andes. It will be the world’s largest telescope and is set to open for work in 2021. Read More »

Oi recently announced that it has upgraded its customer service support via Amdocs. The Brazilian company offers customer service to millions of customers and uses Amdocs solutions to deliver their own services. The upgrade comes as part of the Comverse Kenan technology, which aims to add customer service support while reducing the cost. Read More »

Miami-based law firm Diaz, Reus & Targ recently opened a new office in California to serve its global clients, including those in Mexico and Central and South America, who have interests on the West Coast. Diaz, Reus & Targ will let partner Chad Purdie lead the firm’s new office in Santa Monica, California, as the firm looks to spread its influence in entertainment and sports law. Read More »

Telefonica is partnering with Amdocs to use its technology for Telefonica operations in Argentina. "By ensuring our business has access to critical reports and dashboards from day one of the new systems going live, this data initiative with Amdocs will allow us to proactively manage and offer a better customer experience," Telefonica Argentina Chief Information Officer Luciana Barrera said. Read More »

TransCanada Corp. was awarded a contract to build and operate the Tuxpan-Tula natural gas pipeline in Mexico. The project also includes a 25-year natural gas service contract with the Comision Federal de Electricidad. TransCanada said it will invest $500 million in the pipeline, which will be 36 inches in diameter and 155 miles long. The pipeline is expected to be ready by 2017. Read More »

OpenLegacy said recently that Pranical Technologies, based in Venezuela, has become a channel partner. Pranical Technologies helps businesses throughout Latin America in the e-business world. "OpenLegacy's capabilities help us respond to our customers' current needs and demands," Pranical Technologies CEO Daniel Zambrano said. OpenLegacy is known for IT solutions that help businesses. Read More »