IGT, the global leader in gaming, announced that its wholly-owned subsidiary Lottomatica Holding S.r.l. has signed a definitive agreement to sell one hundred percent (100%) of the share capital of Lottomatica Videolot Rete S.p.A. and Lottomatica Scommesse S.r.l., the members of the IGT group which conduct its Italian B2C gaming machine, sports betting, and digital…
Tata Consumer Products, a F&B focused consumer products company, has decided to divest its MAP Out of Home coffee business in Australia to Buccheri Group Pty Ltd, a Boutique Coffee manufacturer established in Australia in 2007, and led by Santo Buccheri and his family. This divestment does not impact Tata Consumer Products’ existing branded tea…
Purple Style Labs Pvt Ltd (PSL), a luxury fashion house bringing together India’s top designers under one platform, has acquired Wendell Rodricks, a Goa-based fashion brand. Financial details of the funding remain undisclosed. Commenting on the development, PSL founder Abhishek Agarwal, said, “We are honoured to have been given the task to carry on the…
Service Express, a leading Third-Party Maintenance (TPM) provider, has announced the acquisition of Zensar Technologies’ third-party maintenance division. Zensar Technologies is a global IT services company based in India. As a result of the acquisition, Service Express will strengthen its international presence while providing Zensar’s maintenance customers with best-in-class data center support. Zensar provides its…
Facebook announced they were acquiring Kustomer, a startup company that specialises in customer-service platforms. The deal was for just over $1 billion according to a report of The Wall Street Journal Brad Birnbaum, CEO, Kustomer, said – “Throughout the last five years, we have had the opportunity to power the customer experiences of many of…
Orient Cement, a CK Birla Group firm and one of the fastest growing and leading cement manufacturers in India, said it would acquire 26 per cent stake in AMPSolar Systems for Rs 4.5 crore. AMPSolar Systems was incorporated on May 17, 2020 and is a step-down subsidiary of AMP Energy India Pvt Ltd. AMPSolar Systems…
Nexus Capital Management LP, a Los Angeles-based private equity firm, has signed a definitive agreement to acquire the Natural Balance premium pet food business from The J.M. Smucker Co. “We are extremely excited by the opportunity to acquire the Natural Balance business,” said Damian Giangiacomo, Partner at Nexus. “We believe in the brand’s strong legacy…
Deloitte, a provider of industry-leading audit, consulting, tax and advisory services, has agreed to acquire HashedIn Technologies Private Limited, a high-end product development and software engineering firm. This acquisition continues Deloitte’s longstanding and strategic investment in scaling core engineering capabilities to augment its deep business domain knowledge, Deloitte said in its press release. The combination…
Salesforce, the leading CRM platform company has entered into a definitive agreement to acquire Slack Technologies, Inc., an enterprise communications platform. The deal represents an enterprise value of approximately $27.7 billion.