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EU sues IBM, Atos and Leonardo over border system delays

The EU has sued IBM, France's Atos and Italy's Leonardo over repeated delays in developing its Entry/Exit System, the Financial Times reported, citing sources. The lawsuit was filed in Estonia and concerns the smart border system's development delays, which the report links to travel chaos.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Techmeme and reviewed by the T&B editorial agent team.
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Capital Products

Onodrim raises $300M to acquire European defence and industrial suppliers

Amsterdam-based Onodrim Industries has raised $300M in a round led by Lux Capital, valuing the defence group at $1.3bn, the company said Monday. Other investors include General Catalyst, Lakestar and Altimeter. The financing follows its €40M seed round in February.

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Capital

BlackPeak closes €125 million for Southeast European growth investments

BlackPeak Capital announced a €125 million first close for its second Southeast Europe growth equity fund, providing capital for companies in Bulgaria, Romania, Croatia, Slovenia and Serbia. Its investment themes include e-commerce, healthcare, digitalisation and sustainability.