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The Week in Canadian Press Releases: 10 Stories You Need to See

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A roundup of the most newsworthy press releases from Cision Distribution this week

TORONTO, June 14, 2024 /CNW/ – With thousands of press releases published each week, it can be difficult to keep up with everything on Cision. To help journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.

The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.

A&W becomes the first Canadian QSR to introduce the Pup Patty: a treat you can order just for your dog 
A&W Canada, Home of the Burger Family, is introducing a delicious treat with a special purpose, dedicated to the cuddliest members of our families: dogs! From June 10th to June 23rd, dog parents can visit their nearby A&W drive-thru and treat their furry companions to a $2 Pup Patty. A&W is cooking up these Pup Patties without the iconic A&W seasoning so that every dog can safely savour the taste of their premium grass-fed beef. When you treat your furry friend to this special meal, you’re also supporting service dog training organizations across Canada. A portion of the proceeds from every Pup Patty purchased (from June 10th to 23rd) will be donated to non-profit organizations in Canada dedicated to raising and training service dogs that provide life-changing independence to Canadians living with disabilities. The organizations include the Pacific Assistance Dogs Society (PADS).Sixty North Unity, Northwestel and Bell Canada announce transformative partnership to advance economic reconciliation 
Sixty North Unity intends to acquire Northwestel, the leading telecommunications service provider in the North. Following the completion of the transaction, Northwestel will be the largest telecommunications company worldwide with full Indigenous ownership. Building on Bell’s historic investments in the North, this partnership enables Sixty North Unity to continue to bridge the digital divide and continue to address the regional disparities in accessing high quality telecommunications services. With a focus on sustainable development and collaborative partnerships, the acquisition will provide Indigenous communities with greater access to long-term stable cash flows to reinvest in the critical areas of community infrastructure, housing, social services, health, and education programs for those that live and work in the North.Copperleaf Technologies Inc. enters into definitive agreement to be acquired by IFS AB
The combination of Copperleaf’s dedicated AIPM solutions are highly complementary to IFS’s EAM focus and the combined solution is expected to continue to deliver outstanding support for their customers. Copperleaf’s success has been founded on the unique skills, expertise and operational experience of the existing Copperleaf team, and Copperleaf’s award-winning culture. IFS is committed to developing and investing in Copperleaf’s capabilities in Vancouver, and expects that those teams will remain central to the future strategy of the combined organization. “This transaction is a great milestone in Copperleaf’s journey.” said Amos Michelson, Chair of Copperleaf. “It’s evidence of IFS’s belief in our organization and recognition of our success, and rewards our shareholders with attractive cash consideration, providing immediate value and liquidity for their shares.”RECONAFRICA ANNOUNCES AN OPERATIONS AND JOINT VENTURE UPDATE 
Brian Reinsborough, President and CEO commented: “Our operations teams and contractors are very busy completing the camp and rig moves this week. Since our last update the Jarvie-1 drilling rig has undergone all its maintenance and certification processes with no major issues noted. It has been rigged down and is moving approximately 80 kilometers to the Naingopo location. The conductor hole has been drilled and we continue to track for a spud toward the end of the month. The well is expected to take 90 days to drill, targeting multiple reservoir intervals in the highly prospective Damara Fold Belt. Our joint venture process continues to progress towards closure as we target a completed transaction ahead of the start of drilling of the Naingopo well.” The Company continues to progress its farm out joint venture process which we expect to conclude in the next few weeks.Advantage Announces Strategic Asset Acquisition and Concurrent Financing 
The Acquisition is expected to close by the end of June 2024, pending closing conditions, including the receipt of necessary regulatory approvals. The Acquisition will be funded through a combination of common equity, convertible debentures and an upsized credit facility. The Corporation has entered into an agreement with a syndicate of underwriters to raise gross proceeds of approximately $65 million of subscription receipts and $125 million of extendible convertible unsecured subordinated debentures on a bought deal basis, with TD Securities Inc. and Scotiabank as joint bookrunners. The Corporation has also entered a debt commitment letter, led by Scotiabank and jointly underwritten with National Bank of Canada and RBC Capital Markets, for a committed and upsized $650 million revolving credit facility.A&W satisfies a long-standing South-Asian craving 
A&W is all set to delight veggie burger lovers with its latest flavourful revelation – the Masala Veggie Burger. With a crispy patty that’s made with real vegetables, Nanak® paneer and a zesty masala mix, the veggie burger celebrates South Asian flavours. The burger has been crafted for those seeking a deliciously spicy, vegetable-forward veggie burger experience, and is only available in Ontario for a limited time. “Our Masala Veggie Burger is tasty enough to satisfy any spicy burger lover”, says Amanda Wang, Director of Marketing at A&W Canada. “But truly we crafted this burger to be a taste of home for our veggie fans. As a burger lover, I get sad thinking about anyone ordering a patty-less burger made up of just buns and lettuce. This is the real deal.” The Masala Veggie Burger is available for a limited time at participating A&W locations in Ontario.CANADA GROWTH FUND, GIBSON ENERGY AND VARME ENERGY ANNOUNCE STRATEGIC PARTNERSHIP TO ADVANCE CANADIAN WASTE-TO-ENERGY PROJECT 
Canada Growth Fund Inc. (“CGF”), Gibson Energy Inc. (TSX: GEI) (“Gibson”), and Varme Energy Inc. (“Varme”) are pleased to announce a strategic partnership (the “Partnership”) to accelerate the development of Canada’s first waste-to-energy facility with carbon capture technology (the “Project”). If successful, the Project will be located on Gibson land in the Heartland-area and will have the capability to process 200,000 tonnes per annum of municipal solid waste, diverting residential garbage from landfill. Such waste will be received pursuant to a 15-year contract that has been entered into by Varme and the City of Edmonton. This proposed greenfield waste-to-energy facility, which would be constructed by the Partnership and operated by Gibson, would have integrated carbon capture equipment enabling the Project to incinerate municipal solid waste and produce carbon-negative electricity.Introducing two new Tim Hortons Dream Cookies flavours – OREO DOUBLE STUF® and CARAMILK®- and two new Filled Ring Dream Donuts to celebrate the everyday! 
There’s a delicious new assortment of premium sweet treats at your local Tims to satisfy your cravings: two new flavours of Dream Cookies and Filled Ring Dream Donuts! Tim Hortons Dream Cookies are soft on the inside and chewy on the outside, packed with craveable ingredients, and baked fresh in-restaurant throughout the day. After a successful platform launch last year, Tims is now launching two new Dream Cookie flavours – OREO DOUBLE STUF® and CARAMILK® – alongside the already-popular Reese’s® Minis with Pecans. The new OREO DOUBLE STUF® Dream Cookie features a soft and chewy cookies & cream base that’s topped and filled with frosting and sprinkled with OREO crumble on top. The new CARAMILK® Dream Cookie is a chocolate caramel cookie packed with milk chocolate chips and filled with a deliciously gooey caramel filling.CDPQ invests $500 million for National Bank of Canada’s expansion
“CDPQ is proud to continue its long-standing commitment to National Bank by taking part in this transformative acquisition that will enable it to execute a new facet of its expansion plan,” said Vincent Delisle, CDPQ’s Executive Vice-President and Head of Liquid Markets. “This investment is perfectly aligned with our strategy to expand the reach of Quebec companies in order to consolidate their leadership positions in their sectors.” “This transaction is about growth and brings together two great banks with a complementary footprint in personal and commercial banking,” explained Laurent Ferreira, President and Chief Executive Officer of National Bank.  “We are delighted to make this acquisition alongside CDPQ, which, through its investment, allows us to take a step forward in our pan-Canadian strategy to expand our activities across the country.” CDPQ’s first investment in National Bank of Canada dates back more than 40 years.Argo Co. Announces Founding Team to Transform How Cities Move 
Argo Co. (TSXV: STER) (OTCQX: STEEF) (Steer Technologies Inc.* now d/b/a/ “Argo Co.” or the “Company”), a new technology venture focused on transforming public transportation and improving mobility in cities, today announced that effective immediately, the publicly traded entity will launch Argo as the primary business. Operating under the business name Argo Co., the Company will commence trading under the ticker symbols “ARGH” on the TSX Venture Exchange and “ARGHF” on the OTCQX effective as of markets open today. It is anticipated that the name of the Company will be formally changed to Argo Corporation following a shareholder vote at the upcoming annual general meeting (AGM) on July 24, 2024. Argo co-founders, Praveen Arichandran, Qamar Qureshi, and Sisun Lee, have been appointed to management.

Read more of the latest releases from Cision, see our resources for journalists, and stay caught up on the top press releases by following @cnwnews.

About Cision Canada

Cision is a comprehensive communications platform enabling more than 100,000 public relations and marketing professionals around the world to understand, influence and amplify their stories. As the market leader, Cision enables the next generation of communication professionals to strategically operate in the modern media landscape where company success is directly impacted by public opinion. Cision has offices in 24 countries through the Americas, EMEA and APAC, and offers a suite of best-in-class solutions, including Newswire, Brandwatch, Cision Communications Cloud® and Cision Insights. To learn more, visit www.cision.ca and follow @CisionCA on Twitter.

SOURCE Cision Canada

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Technology

Global Procurement Outsourcing Market Set to Grow at 11.7% CAGR | Key Players: IBM, Accenture, Infosys | Valuates Reports

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April 12, 2025

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BENGALURU, India, April 12, 2025 /PRNewswire/ –Procurement Outsourcing Market is Segmented by Type (Direct Procurement, Indirect Procurement), by Application (CPG and Retail, BFSI Sector).

The Procurement Outsourcing Market was valued at USD 5577 Million in the year 2024 and is projected to reach a revised size of USD 11970 Million by 2031, growing at a CAGR of 11.7% during the forecast period.

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Major Factors Driving the Growth of Procurement Outsourcing Market:

The Procurement Outsourcing Market is shifting from tactical staff‑augmentation contracts to outcome‑based partnerships that encompass category strategy, supplier‑innovation programmes, and integrated payables. Competitive landscapes blend global business‑process‑outsourcing giants, boutique category specialists, and consultancies bundling advisory with managed services. Consolidation through mergers and strategic alliances aims to create end‑to‑end source‑to‑pay platforms, while emerging players exploit niche verticals and mid‑market gaps. Sustained double‑digit growth appears likely as economic uncertainty, ESG imperatives, and talent constraints converge, positioning procurement outsourcing as a cornerstone of enterprise resilience and value creation.

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TRENDS INFLUENCING THE GROWTH OF THE PROCUREMENT OUTSOURCING MARKET:

Large manufacturers and retailers increasingly entrust the purchase of raw materials, components, and packaging to specialised outsourcing partners, transforming direct procurement into a growth engine for the Procurement Outsourcing Market. Service providers leverage aggregated demand across multiple clients to negotiate bulk discounts on metals, resins, and agricultural commodities, often securing double‑digit price reductions that would be difficult for a single buyer to achieve. They also run vendor‑managed inventory programmes that compress working‑capital cycles and minimise stock‑outs on high‑value production lines. By embedding commodity‑price hedging and supplier‑risk analytics into their playbooks, outsourcers stabilise margins for clients facing volatile input costs, turning procurement from a cost centre into a strategic lever that frees cash for innovation and expansion initiatives.

Travel, facilities management, marketing, and IT services account for a fragmented tail of low‑value, high‑volume purchases that drain internal resources. Outsourcing firms apply category expertise, standardised contract templates, and automated spend controls to rationalise thousands of suppliers into curated panels, delivering savings through consolidated volumes and process efficiencies. They also implement compliance checkpoints that prevent maverick spending, ensuring negotiated rates flow through to purchase orders and invoices. For finance leaders under pressure to unlock quick wins, indirect procurement outsourcing offers rapid payback without disrupting core operations. As success stories spread, organisations expand scopes from office supplies to complex professional services, driving recurring revenue for providers and deepening the market’s penetration across mid‑market and enterprise segments.

Banks, insurers, and capital‑market firms embrace procurement outsourcing to navigate stringent regulatory scrutiny, multilayered vendor‑risk assessments, and rising cost‑to‑income ratios. Providers familiar with financial‑services governance frameworks build dedicated centres of excellence that map supplier data to anti‑money‑laundering, data‑privacy, and resiliency requirements, accelerating vendor onboarding while maintaining audit‑ready documentation. By outsourcing procurement of software licences, facilities, and professional services, BFSI institutions redirect scarce internal talent toward digital banking initiatives and risk modelling. Fee‑based revenue structures align provider incentives with measurable outcomes such as cost‑per‑transaction reduction and cycle‑time compression. This alignment, coupled with board‑level mandates to shrink operating expenses, positions the BFSI vertical as a long‑term anchor for market growth.

Escalating inflation and shareholder demands for leaner operations push enterprises to extract savings beyond traditional sourcing tactics. Procurement outsourcers deploy advanced should‑cost modelling, global rate‑card benchmarking, and zero‑based budgeting disciplines to uncover hidden inefficiencies. Their ability to pool client spend unlocks volume rebates and early‑payment discounts unavailable to individual firms, translating into tangible EBITDA uplift that justifies multi‑year contracts and fuels steady market expansion.

C‑suites seek to channel managerial bandwidth toward product innovation and customer experience, not purchase‑order administration. Outsourcing non‑differentiating procurement processes transfers transactional workloads, supplier disputes, and audit preparations to specialists operating scalable shared‑service centres. Freed internal teams concentrate on strategic supplier collaboration and category innovation, reinforcing the value proposition and driving repeat engagements across additional business units.

Geopolitical instability, ESG mandates, and tightening trade regulations elevate supply‑chain risk profiles. Procurement outsourcers maintain dedicated compliance teams that track sanctions lists, conflict‑mineral disclosures, and labour‑practice certifications across vast supplier networks. Continuous monitoring and automated alerting shield clients from reputational damage and regulatory fines, making risk mitigation a decisive factor in outsourcing decisions.

Niche categories—such as specialised logistics, contingent labour, or clinical‑trial materials—demand deep market knowledge and supplier relationships that most companies cannot sustain in‑house. Outsourcing partners recruit seasoned category managers and maintain real‑time price indices, enabling rapid response to market swings and innovation pipelines. This depth of expertise delivers performance guarantees that exceed what generalist procurement teams can offer, spurring adoption across sectors.

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PROCUREMENT OUTSOURCING MARKET SHARE: 

Global Procurement Outsourcing main players are IBM, Accenture, GEP, Infosys, etc. Global top four manufacturers hold a share over 60%. North America is the largest market, with a share nearly 45%.

North America leads procurement outsourcing adoption due to mature shared‑service ecosystems and a strong focus on cost optimisation within publicly traded companies. Europe follows, driven by multi‑lingual service hubs in Eastern Europe and regulatory pressures that reward professionalised supplier governance.

Asia‑Pacific registers the fastest growth as multinationals expand regional sourcing offices and local champions in India and China seek global best practices.

Key Companies:

IBMAccenture PlcGEPINFOSYS LIMITEDCapgemini S AGenpact LtdTCSXchangingWNS

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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!

– Service Procurement Market was valued at USD 900 Million in the year 2024 and is projected to reach a revised size of USD 1642 Million by 2031, growing at a CAGR of 9.1% during the forecast period.

– Procurement Consulting Services Market

– Procurement Contract Management Tool Market was valued at USD 290 Million in the year 2024 and is projected to reach a revised size of USD 393 Million by 2031, growing at a CAGR of 4.5% during the forecast period.

– Business Process Outsourcing (BPO) Services Market

– Sourcing and Procurement Transformation Services Market

– Digital Procurement Solutions Market was valued at USD 2896 Million in the year 2024 and is projected to reach a revised size of USD 5419 Million by 2031, growing at a CAGR of 9.5% during the forecast period.

– Contractor Management Outsourcing (CMO) Market

– Back Office Outsourcing Market was valued at USD 291620 Million in the year 2024 and is projected to reach a revised size of USD 471250 Million by 2031, growing at a CAGR of 7.2% during the forecast period.

– Indirect Procurement Outsourcing Market was estimated to be worth USD 2481.9 Million in 2023 and is forecast to a readjusted size of USD 3253.5 Million by 2030 with a CAGR of 4.0% during the forecast period 2024-2030.

– General and Administrative Outsourcing Market

– Procurement Agency Services Market

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Messer Cutting Systems Announces Global Leadership Transition: Dr. Norbert Klapper Appointed Global CEO

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April 12, 2025

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Messer Cutting Systems is pleased to announce that Dr. Norbert Klapper has been appointed as the new Global CEO of Messer Cutting Systems.

MENOMONEE FALLS, Wis., April 12, 2025 /PRNewswire-PRWeb/ — Messer Cutting Systems is pleased to announce that Dr. Norbert Klapper has been appointed as the new Global CEO of Messer Cutting Systems, succeeding Bill Heller, who will step down following years of dedicated leadership.

Bill Heller has been a key leader within Messer Cutting Systems, serving in multiple executive roles, including CEO Americas and Global CEO. Under his leadership, the company expanded its market presence, strengthened its customer relationships, and modernized its product and digital solutions portfolio. Bill’s focus on innovation, customer value, and integration of cutting technologies with automation and software solutions has helped Messer build a strong foundation for future growth.

Succeeding Heller is Dr. Norbert Klapper, a highly respected executive with extensive global leadership experience in industrial manufacturing. Most recently, Dr. Klapper served as CEO of Rieter, a world-leading supplier of systems for short-staple fiber spinning. At Rieter, he led major global transformation efforts focused on innovation, operational excellence, and value creation for customers.

Dr. Klapper brings a strategic vision and a deep understanding of industrial technologies and international markets. His appointment signals Messer’s continued commitment to strengthening its global position as a leader in cutting systems and digitalized manufacturing solutions.

Bill will remain in a senior advisory role supporting both Annette Doyle, the new CEO of Messer Cutting Americas, and Dr. Norbert Klapper, Global CEO Messer Cutting Systems during this transition period.

This transition marks an exciting new chapter for Messer Cutting Systems as it accelerates global collaboration, product innovation, and customer-focused transformation.

For more information about Messer Cutting Systems and its leadership, visit https://us.messer-cutting.com/about-us/management/.

Media Contact

Steve Vogt, Messer Cutting Systems, 1 262-212-2208, steve.vogt@messer-cutting.com, https://us.messer-cutting.com/

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SOURCE Messer Cutting Systems

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Hithium Shines at ESIE 2025, Ushering in a New Era of High-capacity Energy Storage

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April 12, 2025

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BEIJING, April 12, 2025 /PRNewswire/ — From April 10 to 12, the 13th Energy Storage International Conference and Expo (ESIE 2025) took place in Beijing. Hithium presented its full-spectrum innovation in energy storage, presenting a customized product matrix covering diverse scenarios—from long-duration energy storage to extreme environments, and from commercial and industrial (C&I) to residential applications.

At this year’s ESIE, Hithium presented its full-scenario customized product matrix, featuring the ∞Cell 587Ah energy storage battery, the ∞Power 6.25MWh 2h BESS, the ∞Pack+ high-capacity platform, and the ∞Cell N162Ah sodium-ion battery. Also on display were the 50Ah cylindrical cell, the 314Ah and ∞Cell 1175Ah high-capacity battery cells, and the ∞Block 261kWh all-in-one C&I cabinet—collectively showcasing Hithium’s strong innovation capabilities and scenario-driven deployment strategy across the energy storage landscape.

Co-defining 587Ah Format: ∞Cell 587Ah Format Gains Industry Recognition

At the exhibition, Hithium’s newly launched ∞Cell 587Ah energy storage battery—measuring 73.5×286×216mm (W×L×H)—became a centerpiece of attention, with five leading companies across the supply chain showcasing the battery at this year’s ESIE. This marked the first time the 587Ah format has been co-defined by multiple key players, signaling that Hithium’s proprietary standard may soon evolve into a widely adopted industry benchmark.

The ∞Cell 587Ah energy storage battery is the result of precise engineering and system-level optimization. Hithium identified 6.25MWh as the optimal energy capacity for today’s large-scale systems, 587Ah as the ideal battery capacity for balancing system efficiency and cost, and 73.5×286×216mm (W×L×H) as the optimal physical size for a 587Ah battery cell.

Equipped with the ∞Cell 587Ah energy storage battery, Hithium’s ∞Power 6.25MWh 2h energy storage system offers five key advantages: standardization, easy maintenance, superior safety, efficient layout, and high compatibility. These strengths help reduce R&D investment for system integrators while delivering competitive benefits in the form of ultra-high capacity, ultra-high safety, and ultra-low cost.

Proactively Shaping Industry Standards, as Long-duration Energy Storage Becomes the Prevailing Trend

Hithium technical experts Yuxuan Liu and Wei Zhu also delivered keynote presentations titled “Unlocking the Optimal Format of 587Ah Energy Storage Battery: Advancing Toward 6.25MWh Energy Freedom” and “Product Validation of kAh-class Batteries and Long-duration Storage Systems.” The keynotes offered in-depth insights into Hithium’s technological strengths and application solutions in the fields of large-capacity battery cells and long-duration energy storage.

By introducing new technologies, new solutions and new standards to energy storage sector, Hithium has further contributed to fostering the market and cultivating new drivers of productivity—accelerating technological advancement and industry upgrades, and paving the way for high-quality development across the industry.

 

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SOURCE HiTHIUM Energy Storage

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