Lockheed Martin Corporation announced it has entered into a definitive agreement to acquire Aerojet Rocketdyne Holdings, Inc for a total transaction value of $4.4 billion including the assumption of net cash. Commenting on the acquisition, James Taiclet, Lockheed Martin president and CEO, said, “Acquiring Aerojet Rocketdyne will preserve and strengthen an essential component of the…
Globant, a digitally native technology services company, has announced the acquisition of Spain-based Bluecap, a specialized consultancy firm that leverages advanced analytics to develop new business models for financial institutions. With this acquisition, Globant reinforces its leading position in transforming organizations while it continues expanding its operations in Europe. Bluecap will maintain its name and…
Eli Lilly and Prevail Therapeutics Inc. have announced a definitive agreement for Lilly to acquire Prevail for $1.040 billion. Prevail is a biotechnology company developing potentially disease-modifying AAV9-based gene therapies for patients with neurodegenerative diseases. The acquisition will establish a new modality for drug discovery and development at Lilly, extending Lilly’s research efforts through the…
Chizel, an India-based business-to-business Cloud manufacturing company has been acquired by Truventor.AI, a deep tech led manufacturing company headquartered in Australia. With the combined network of Truventor and Chizel, the cloud manufacturing company will be able to expand its reach not only to Indian job-shops but also to other manufacturing partners based out of EMEA, JAPAC,…
Edtech company, upGrad has announced the acquisition of the recruitment and staffing solutions company, Rekrut India, to enhance career outcomes for learners. Pursuant to the acquisition, the hiring company, being a 100% subsidiary of the edtech startup, will function independently. Ajay Shah, Managing Director, Rekrut, said – “Currently in the market we operate in, we…
Private equity fund, India Alternatives has announced a sale of partial stake – worth Rs 340 crore in Transunion Cibil to Khazanah Nasional Berhad. The Malaysian sovereign wealth fund – Khazanah was incorporated under the Companies Act 1965 on 3 September 1993 as a public limited company and began operations a year later. Shivani Bhasin…
eClerx Services Ltd, a Mumbai-listed firm that provides critical business operations services to over fifty global Fortune 500 clients, has announced the acquisition of Personiv, a US-based digital marketing and back office services provider. According to a stock-exchange filing, eClerx will acquire Austin, Texas-based Personiv, operated by Eclipse Global Holdings LLC, at an enterprise value…
CSC, a world leader in global business, legal, tax, and digital brand services, announced that it has acquired FIRSTCORP PTE. LTD (FIRSTCORP) and its affiliates, a Singapore-based service provider of company secretary and administration services to corporations and alternative asset managers. All FIRSTCORP employees will join CSC as part of the acquisition, the company said.…
Honeywell announced that it has acquired Sine Group, an Adelaide, Australia-based technology and software as a service (SaaS) company that provides visitor management, workplace and supply chain solutions that are readily accessible with mobile devices. Terms of the deal were not disclosed. Sine’s technologies will support a cloud-based mobile platform for Honeywell Forge, Honeywell’s enterprise…
Hyundai Mobis, the 7th largest leading automotive supplier, announced that the board of directors approved the acquisition of the semiconductor division of Hyundai Autron. Upon receiving the approval, Hyundai Mobis and Hyundai Autron signed a contract to transfer all related employees and assets. The acquisition cost was $122 million. With this acquisition, Hyundai Mobis plans…
AstraZeneca and Alexion Pharmaceuticals, Inc. (Alexion) have entered into a definitive agreement for AstraZeneca to acquire Alexion. The boards of directors of both companies have unanimously approved the acquisition. Subject to receipt of regulatory clearances and approval by shareholders of both companies, the acquisition is expected to close in Q3 2021, and upon completion, Alexion…
Pluralsight, the technology workforce development company, has entered into a definitive agreement to be acquired by Vista Equity Partners, a global investment firm focused on enterprise software, data and technology-enabled businesses. “Pluralsight and Vista share the belief that software is key to unlocking opportunity and progress,” said Adrian Alonso, managing director at Vista. “We are impressed…
Social network firm Reddit announced that it would buy short-video platform Dubsmash. Post acquisition, the co-founders Suchit Dash, Jonas Druppel and Tim Specht, will join Reddit. Reddit is an online platform, enabling its users to submit links, create content, and have discussions about the topics of their interest. The financial terms of the deal were…
Aon, a global professional services firm providing a range of risk, retirement and health solutions, is re-entering insurance broking in India. It has recently acquired a 49% stake in Catamaran-owned insurance broker – Anviti Insurance Brokers. The deal is subject to regulatory approvals and the financial details of the deal were undisclosed. Speaking on the…
Hyundai Motor Group will acquire a controlling interest in Boston Dynamics from SoftBank Group, in a deal that values the mobile robot firm at $1.1 billion. The deal came as the automotive manufacturer aims to combine robotics technologies with its mobility. Financial terms were not disclosed. Boston Dynamics produces mobile robots. The company launched sales of…