OYO Vacation Homes and its brand Belvilla has announced that it has entered into a strategic alliance with Germany based e-domizil GmbH, to acquire TUI’s vacation homes tour operator business. e-domizil has recently announced to acquire from TUI the combined business TUI Wolters GmbH. The parties have agreed not to disclose the purchase price. The…
Cognizant announced it has acquired Code Zero Consulting, a privately-held provider of consulting and implementation services for cloud-based Configure-Price-Quote (CPQ) and billing solutions. The acquisition further strengthens Cognizant’s cloud solutions portfolio and Salesforce CPQ and billing capabilities. Financial details were not disclosed. Founded in 2016, Atlanta-based Code Zero specializes in helping companies digitally transform by…
Worldline SA announced that the company has agreed to buy rival Ingenico Group SA in a $8.6 billion deal. The two European giants coming together in the payments space are set to create the industry’s fourth-largest player. Worldline said in a statement that it would buy domestic rival Ingenico in a deal consisting of 81%…
The Cranemere Group, a holding company that partners with businesses for the long term, has formed The Engineered Stone Group to establish a leader in engineered stone bathroom products. This Group has acquired Acquabella, a leading European branded supplier of engineered stone shower trays and wall panels. Acquabella will operate under The Engineered Stone Group…
Cision Ltd., a global provider of software and services to public relations and marketing communications professionals, announced that it has been acquired by an affiliate of Platinum Equity in an all cash transaction valued at approximately $2.7 billion. “Cision is well established as the industry standard platform for communications professionals navigating an increasingly complex environment,”…
Cornerstone Payment Systems, a US-based independent sales organization in the merchant processing industry, announced the acquisition of Move Your Mountain. Move Your Mountain is a crowd-funding platform in the US that connects people to the heartbeat of their community with unique tools and passionate outreach, Move Your Mountain was founded in 2014. Move Your Mountain…
UrbanClap announced the creation of its new brand, Urban Company. The new umbrella brand captures the company’s ambition to be a horizontal gig marketplace, with a global footprint and leadership position across service categories, Beauty & Wellness and Home Repairs & Maintenance. UrbanClap was launched in Delhi in November 2014 with a handful of service…
Indian tech giant Infosys recently announced that it has completed the sale of its stake in Danish startup UNSILO for $800,000, approximately ₹5.7cr. Infosys had invested in UNSILO in 2016 about ₹14.5cr from its $500mn innovation fund. UNSILO is an AI startup focused on advanced text analysis. It uses a combination of machine learning and…
Infosys, a global leader in next-generation Digital services and Consulting, has signed a multi-year, multi-million contract with ABN AMRO Bank to accelerate its cloud and DevOps transformation journey. As part of this renewed contract, Infosys will enable ABN AMRO Bank to achieve its business and operational goals by aligning its IT transformation with its cloud…
Voltas Limited – A Tata Enterprise, made a thumping entry into the Indian consumer durables market today with the launch of their brand – Voltas Beko. The new company, Voltbek Home Appliances Private Limited (Voltbek), an equal partnership joint venture, has introduced a wide range of home appliances which include Refrigerators, Washing Machines, Microwaves/Ovens, and…
Airbus has signed a contract with Bengaluru-based startup Traxof Technologies to automate the talent acquisition process for Airbus’ Information Management (IM) organisations in India and Europe.
KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,255 crore across its various businesses. Company’s Transmission & Distribution business and SAE Towers have secured orders of Rs. 510 crore for T&D projects in Africa, Middle East and the Americas. The Railway business has secured orders…
Accelerator & growth investment firms Ghost Kitchens led by Karan Tanna bought controlling stake in cloud kitchen companies QSR Brands India and Eathos Group, for an undisclosed sum. QSR is valued at $5.5 million, while Eathos Group is valued at $2.2 million. QSR Brands India Pvt Ltd. led by Manoj Kudtarkar has popular brands like…
True North, a private equity firm, has agreed to acquire Glenmark Pharmaceuticals Ltd’s gynaecology business in India and Nepal for Rs 115 crore. The acquisition will be done through True North’s portfolio company, Integrace Pvt. Ltd. All formalities related to acquisition will be completed by March. The acquisition is the second such engagement between True…
Ares Management Corporation announced that its subsidiary, Ares Holdings L.P., has entered into a definitive agreement to acquire a controlling interest in SSG Capital Holdings Limited and its operating subsidiaries, a leading Asian alternative asset management firm. Headquartered in Hong Kong with offices across Asia, SSG manages private credit and special situations funds totaling approximately…