Sterlite Power, a private sector power transmission infrastructure developer and solutions provider, has announced acquisition of 64.98% equity stake in Maharashtra Transmission Communication Infrastructure Limited(MTCIL) – a joint venture with Maharashtra State Electricity Transmission Company Limited (MSETCL). MTCIL is a Public Private Partnership for OPGW (Optical Ground Wire) Fiber networks operating on a ‘BOOM’ model.…
Uniphore, a Conversational Automation company, announced that it has acquired Colabo, an AI-powered knowledge automation solution that specializes in extracting and utilizing information from structured and unstructured documents in real time. Today, Intelligent Virtual Assistants (IVAs) and human agents have access to legacy knowledge management systems not connected to enterprise applications, thus frequently losing value over time…
AFC Furniture Solutions, a Workplace furniture manufacturing solution company, announced its acquisition of brands Xbench, Vibrant, and Livo designed and owned by the furniture business of Wipro Enterprises. This acquisition comes as a critical jump in the brand’s effort to expand its operations across the length and breadth of the country, a statement said. Since its inception…
Wipro Limited, a global information technology, consulting, and business process services company, announced that it has acquired Convergence Acceleration Solutions, LLC (CAS Group), a U.S.-based consulting and program management company that specializes in driving large-scale business and technology transformation for Fortune 100 communications service providers. CAS Group’s deep-rooted client relationships and strong domain expertise, combined…
Accenture has agreed to acquire Avieco, a leading U.K. sustainability consultancy. Upon close of the deal, the acquisition will build on Accenture’s scale and expertise in helping companies across a wide range of sectors to understand, manage and improve their sustainability performance, and create sustainable value for their stakeholders. The acquisition will strengthen the Accenture Sustainability Value Promise to embed…
Foodtech unicorn Rebel Foods has acquired a majority stake in chocolate brand SMOOR. Financial terms of the deal are not disclosed. With this investment, SMOOR eyes to grow by three times in FY 2022-23. This partnership would further help its growth, according to a statement. Founded in 2011 by Jaydeep Barman and Kallol Banerjee, Mumbai-based…
Talend, a global data integration and management company, announced it has acquired Gamma Soft, a market innovator in change data capture (CDC). The addition of Gamma Soft’s highly complementary, enterprise-class change data capture technologies will help customers streamline their data modernization initiatives, including cloud migrations, and support advanced, real-time analytics use cases across hybrid and multi-cloud…
MetrôRio announced it has acquired bodycams from Motorola Solutions. “MetrôRio equipped its security officers with bodycams (bodycams) on the Motorola Solutions VB400 model to modernize and optimize operations inside the stations, gaining more visibility and agility during actions. With an average of 510,000 passengers per day traveling through 41 stations, the Concessionaire chose the bodycam video solution to increase passengers’…
Global pharma major Lupin Limited (Lupin) announced the completion of the acquisition of a portfolio of brands from Anglo-French Drugs & Industries Limited (AFDIL) and its Associates. The acquisition will strengthen Lupin’s India Formulation business by adding a fast-growing portfolio of vitamins, minerals, supplements and neurological products. The acquisition of the AFDIL brands takes Lupin…
IDFC Limited (IDFC) and a consortium comprising Bandhan Financial Holdings Limited (BFHL), GIC (GIC) and ChrysCapital (CC) have entered into a definitive agreement to acquire IDFC Asset Management Company Limited (IDFC AMC) and IDFC AMC Trustee Company Limited from IDFC Limited, for a consideration of INR 4,500 crore subject to receipt of necessary regulatory approvals…
Adani Enterprises Limited announced the acquisition of minority stake in Forsight Robotics Limited. Incorporated in 2020, Forsight Robotics develops a surgical robotic platform to deliver high precision and cost-effective vision-saving surgery. According to the company’s exchange filing, “we would like to inform you that Adani Global Limited., Mauritius a Wholly Owned Subsidiary of the Company,…
AMD announced a definitive agreement to acquire Pensando for approximately $1.9 billion before working capital and other adjustments. Pensando’s distributed services platform includes a high-performance, fully programmable packet processor and comprehensive software stack that accelerate networking, security, storage and other services for cloud, enterprise and edge applications, the statement said. “To build a leading-edge data…
ANAROCK Group, a leading independent real estate services consultancy, announced acquisition of myHQ, one of the largest Indian flexible workspace platforms, to strengthen its flexible workspaces portfolio. myHQ, headquartered in Delhi-NCR, currently has over 50,000 subscribed members across 700+ spaces in 7 cities. Anuj Puri, Chairman, ANAROCK Group, says, “Coming on the heels of ANAROCK…
Suven Pharmaceuticals Limited (SPL) announced the acquisition of 100 per cent stake in Caper Pharma Pvt. Ltd. (CPPL) for about Rs 155 crores. Post acquisition, Caper Pharma will become a wholly-owned subsidiary of Suven Pharmaceuticals. According to the company’s exchange filing, “we wish to inform you that the Board of Directors of Suven Pharmaceuticals Limited…
Gupshup, a global leader in conversational engagement, announced the acquisition of Active.Ai, the leading Conversational AI platform used by banks and Fintech firms. The acquisition strengthens Gupshup’s customer experience (CX) solutions for BFSI customers. Headquartered in Singapore, Active.Ai serves BFSI customers across 43 countries with a Conversational Banking as a Service (CBaaS) platform that helps clients engage with…