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Axalta (NYSE: AXTA), a leading global manufacturer of liquid and powder coatings, today announced that it has entered into a definitive agreement to acquire Capital Paints LLC, a UAE-based thermosetting powder coatings manufacturer specializing in architectural powder coatings. The transaction is subject to required regulatory approvals and other customary closing conditions and is expected to close in the fourth quarter of 2019.  Financial terms of the transaction were not disclosed.

Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, announced its readiness to meet the growing demand for district cooling services, especially in the hospitality sector as the UAE outperforms the key European markets, including Germany, Britain, Spain and France in terms of the number of hotel rooms under construction. Statistics shows that the total number of hotel rooms under construction in UAE is 54,438 as of July 2019. Empower also announced that it provides district cooling services to 126 hotels across Dubai, including many land mark hotels, as of August 2019.

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