Volvo has bought the assets of Luxe, the Hertz and Alphabet-backed on-demand parking service that had raised $75m and was reportedly valued at $140m 18 months ago.

Intel Capital-backed data centre producer Switch has filed to raise up to $100m in an initial public offering on the New York Stock Exchange.

The Tencent, Alibaba and Ping An-backed online insurance provider has secured approval to float in Hong Kong, two years after raising cash at an $8bn valuation.

Souq, itself acquired by Amazon two months ago, has purchased its portfolio business Wing.ae.

Daimler and Deutsche Bahn have celebrated an exit as Madsack Mediengruppe acquired CleverShuttle.

Medical device producer NeoTract has agreed to be acquired by Teleflex for $1.1bn, giving an exit to Johnson & Johnson, a notable deal in a field where corporate commitments have been on the rise.

Mitra Komunikasi Nusantara-backed Kioson is set to float on the Indonesia Stock Exchange, becoming the first startup in the country to complete an initial public offering.

Pfizer and Ipsen-backed Rhythm Pharmaceuticals has filed for an initial public offering on Nasdaq.

Blue River Technology, backed by Monsanto and Syngenta, will be acquired by John Deere for $305m in a transaction expected to close this month.