Marksans Pharma Ltd., one of the fastest-growing pharmaceutical companies in India, has completed the acquisition of a manufacturing site from Tevapharm India in Plot No. Al, Phase l-A, Verna Industrial Estate, Verna, Goa 403722, India. The acquisition was first announced in October 2022. With the completion of the acquisition, Marksans will start operating at the…
Pearl Global Industries Limited, one of India’s largest garment exporters has announced expansion at its Indonesia facility. This new facility has been built on the land acquired in the year 2021 for expanding operations and the new facility replaces the one old facility which was on lease, a statement said. Total capacity after new facility…
Precision Survey announced the expansion of its operations to Hyderabad, Telangana. With this expansion, Precision Survey is now able to provide its high-quality services to a broader range of clients in Hyderabad and the surrounding areas. The company’s services include diversified civil engineering services like land surveyor valuation, wind power consultancy, due diligence technical property consultation, geotechnical, lidar, flood risk assessment…
Safe Security, the leader in AI-based cyber risk management SaaS platforms, announced the close of a $50 million Series B round led by Sorenson Capital, with participation from Eight Roads, venture capital arm of Fidelity Investments, Telstra Ventures, WTI, and all existing investors. This round brings the company’s total funding to over $100 million. “Tailwinds from…
SwitchOn, an artificial intelligence-enabled vision inspection system for manufacturing companies, announced it has raised $4.2 million in a funding round, led by a Singapore-based fund, according to ETtech report. The Bengaluru-based software-as-a-service (SaaS) company declined to share the name of the fund. Other funds—Axilor Ventures and Pi Ventures—and angel investors—Alstrut India managing director Anuj Bihani…
D. E. Shaw India Private Limited, a part of the D. E. Shaw group, has announced the opening of new offices in Bengaluru and Gurugram. “Our talented colleagues in India have helped the firm innovate for more than 25 years,” said Eddie Fishman, a member of the D. E. Shaw group’s Executive Committee. “In addition…
The Hershey Company announced it has entered into a definitive agreement to acquire two manufacturing plants from Weaver Popcorn Manufacturing, a recognized leader in popcorn production and co-packing, and a co-manufacturer of Hershey’s SkinnyPop brand. Through the deal, Hershey will acquire Weaver’s operations in Bethlehem, Pennsylvania and Whitestown, Indiana, a statement said. The acquisition is designed to enable the company to…
Trusted Data Solutions (TDS), the foremost expert in legacy data management, has recently acquired Assured Data Technologies (ADT), an India-based digital solutions and services company. To meet customer demand, TDS has long provided data management services in the Asia/Pacific region, and this acquisition will further support international clients in India and strengthen APAC capacities, a statement said. TDS and ADT…
Samvardhana Motherson International Limited (SMIL) (formerly Motherson Sumi Systems Limited) announced it has acquired additional 30% stake in Youngshin Motherson Auto Tech Limited (YMAT). According to the company’s exchange filing, “The Board of Directors of Samvardhana Motherson International Limited (formerly Motherson Sumi Systems Limited) (the “Company”) at their meeting held on April 17, 2023 approved…
Mahindra Industrial Park Chennai Limited (MIPCL), a joint venture between Mahindra World City Developers Limited and Sumitomo Corporation of Japan, marks yet another significant milestone by signing Mitsubishi Electric India Private Ltd (“Mitsubishi Electric”). Recognised as the world leader in electric and electronic equipment manufacturing, Mitsubishi Electric will set up a plant to manufacture air-conditioners…
On April 17, 2023, Solteq has signed a business transfer agreement, whereby the Group’s ERP business based on Microsoft Dynamics 365 Business Central and LS Retail solutions will be sold to Azets. The completion of the Transaction is estimated to take place on May 2, 2023. The completion of the Transaction is subject to customary preconditions. In…
Full-service BPO MattsenKumar has been acquired by Bill Gosling Outsourcing (BGO), a growing international BPO headquartered in Toronto, Canada. With this transaction, Bill Gosling Outsourcing gains a strong foothold in the coveted Indian BPO market, while MattsenKumar will be merged into its global footprint to further enhance service delivery capabilities. The acquisition combines BGO’s proven track record…
Pulse Electronics announced the successful deployment of a new manufacturing facility in Tiruchirappalli, India, that will produce Integrated Connector Modules (ICMs) for Cisco Systems, Inc., one of its major customers. The facility is Pulse’s first in India to be capable of producing ICMs and is the result of a collaborative and innovative relationship with Cisco’s supply chain and…
Chef Crafted Instant Foods brand Yu announced Hardik Pandya as investor and brand ambassador today. Hardik and Yu have entered into a long-term association to promote the brand in India as well as overseas. Founded by Bharat Bhalla and Varun Kapur, Yu is making packaged foods healthier by providing consumers easy meals that are made using 100% natural ingredients and contain absolutely…
Nichino India, a leading agrochemical company, has announced the inauguration of a new manufacturing plant in Humnabad on 12 April 2023. It is inaugurated by its Global President Hiroyuki Iwata San along with other key company representatives of Japan & India. The plant features multipurpose facilities for the production of insecticides, fungicides, intermediates, and formulations.…