Vikas Lifecare Limited (VLL) announced it has acquired 30% stakes in the Ardh Sainik Canteens in an all-cash deal of INR 150 Million from its existing stakeholders. According to the company’s exchange filing, “Vikas Lifecare Limited, as a measure of forward integration, in order to extend its retail footprint across India, taking another giant leap…
RattanIndia Enterprises Limited announced that it is acquiring 100% shareholding in the electric motorcycles market leader Revolt Motors. The Company had earlier acquired 33.84% shareholding in Revolt with an option to further increase the shareholding. Revolt Motors currently has manufacturing facility in the auto manufacturing hub of Manesar, Haryana. Over the last one year, Revolt…
Accenture has acquired Blackcomb Consultants, a leading independent Guidewire partner in North America. Terms of the transaction were not disclosed. The acquisition enhances Accenture’s ability to deliver Guidewire solutions to insurers globally to help them become “cloud-first” businesses. Guidewire’s end-to-end technology platform combines digital, core analytics and artificial intelligence capabilities across the underwriting, billing, claims and…
Velodyne Lidar, Inc. announced the company has acquired Bluecity, a Montreal-based artificial intelligence (AI) software company whose next-generation, lidar-based solutions solve safety, traffic and infrastructure issues. The all-stock acquisition reinforces Velodyne’s commitment to enabling customer success by delivering industry-leading, AI-powered autonomous vision solutions. The addition of Bluecity is expected to be immaterial to operating expenses and cash…
Jubilant Foodworks Netherlands B. V. (JFN), a wholly-owned subsidiary of Jubilant FoodWorks Limited, announced it has increased its stake in DP Eurasia N.V., the exclusive master franchisee of the Domino’s Pizza brand in Turkey, Russia, Azerbaijan and Georgia. According to the company’s exchange filing, “we wish to inform that Jubilant Foodworks Netherlands B.V. (“JFN”), wholly owned…
Medcare, the premium healthcare provider under the Aster DM Healthcare group, announced its expansion into the premium wellness and beauty care segment with the acquisition of 60 % share in Skin 111 Clinics. Skin111 Clinics is an award-winning premium chain of aesthetic and wellness centres offering patients customised invasive and non-invasive beauty treatments, combining conventional…
ABB, a global technology company, has reached an agreement to divest to Hitachi, Ltd. (Hitachi) its remaining 19.9 percent equity stake in the Hitachi Energy joint venture that was formed from ABB’s Power Grids business in 2020, with Hitachi holding a stake of 80.1 percent. Hitachi has exercised its call option that was agreed between…
Vontier Corporation (Vontier) announced that it completed its previously announced acquisition of Invenco, a leading global provider of open platform retailing and payment hardware and software solutions. Invenco will function as part of Gilbarco Veeder-Root (GVR), an operating company within the Mobility Technologies platform, to help expand their software-enabled workflow solutions and subscription business model. As…
Vertices Partners announced an expansion in the Firm’s offerings with the acquisition of LegumRadix & Associates, a Corporate Commercial law firm that specializes in Compliance and Regulatory Advisory services. Manasi Pathak Verma, formerly the Founder & Managing Partner at LegumRadix, along with a team, has also joined the Vertices Team as the latest Partner in…
Globant, a digitally native technology services company, announced that it had acquired Sysdata, an Italian business and technology consultancy focused on delivering digital transformation. The company has developed a robust service offering and a prosper customer portfolio since it was founded in 1980. With this acquisition, Globant lands in Italy and reinforces its strong presence in Europe. At…
Universal Music India (UMI), a division of Universal Music Group (UMG), the world leader in music-based entertainment, announced that it has acquired a majority stake in one of India’s leading music and entertainment companies, TM Ventures. Together UMI and TM Ventures will work across its talent management, entertainment consultancy and live/events businesses, accelerating UMI’s leadership of the domestic…
Torrent Pharmaceuticals Limited (Torrent Pharma) has entered into definitive agreements to acquire 100% of Curatio Healthcare (I) Private Limited (Curatio) for Rs. 2,000 crores. The consideration includes Rs. 115 crores (on the date of signing) of cash and cash equivalents in the acquired business indicating an Enterprise Value of Rs. 1,885 crores, a statement said.…
Blockchain-based Data Exchange Platform, VeriSmart has announced the acquisition of Delhi-based Conversational AI platform, DolphinChat (Formerly CivilCops). VeriSmart will be investing Four million US Dollars in the DolphinChat platform over the next 24 months. DolphinChat’s core team will be joining VeriSmart. “DolphinChat platform will get access to millions of consumers that are part of VeriSmart’s industry consortiums.…
Samvardhana Motherson Automotive Systems Group BV (SMRPBV), through its Vision systems division, has entered into an agreement with Ichikoh Industries (a subsidiary of Valeo SE) in Japan to buy 100% stake of its mirror business at an Enterprise Value of JPY 5.2 Bn. The transaction includes Ichikoh’s mirror business (development and manufacturing of automotive mirrors…
With over 70 years of experience in the local and international market, the Swiss-born engineering company Pini Group has now acquired Geodata – a geoengineering company founded in Turin in 1984 and active in 20 countries, with subsidiaries in Italy, Algeria, Argentina, Australia, Bolivia, Brazil, Canada, Chile, Ecuador, Greece, India, Malaysia, Nepal, Portugal, Peru, and Turkey, which is mainly involved in underground and hydro-related…