ACG, a leading supplier of integrated pharmaceutical manufacturing solutions announced acquisition of a significant stake in Mumbai-based start-up IQGEN-X. The funds so infused by ACG will be utilized for setting up a cGMP facility and also the development & filing of new ANDAs. The move sees ACG expanding further into the R&D side of drug…
Manipal Hospitals announced it has entered into a definitive agreement to acquire Columbia Asia Hospitals. As per the media reports, the US-based hospital chain Columbia Asia has been acquired for Rs 2,000 crore. Post acquisition, Manipal Hospitals will have over 7,300 beds across 15 cities, over 4,000-doctors and 10,000 employees, making it the second largest…
Inspire Brands and Dunkin’ Brands, parent company of Dunkin’ and Baskin-Robbins, announced that they have entered into a definitive merger agreement under which Inspire will acquire Dunkin’ Brands. Post acquisition, Dunkin’ and Baskin-Robbins will be operated as distinct brands within Inspire. “Inspire to acquire Dunkin’ Brands for $106.50 per share in cash in a transaction…
Pidilite Industries announced it has entered a definitive agreement with Huntsman Group (USA) for acquiring 100% stake in one of their subsidiaries in India namely, Huntsman Advanced Materials Solutions Private Limited (HAMSPL) for Rs 2100 crores. HAMSPL manufactures and sells Adhesives, Sealants and other products under well-known brands such as Araldite, Araldite Karpenter and Araseal…
Wipro, a global information technology, consulting and business process services company, announced that it has signed a definitive agreement to acquire Encore Theme Technologies Private Limited (Encore Theme), a specialist in providing SaaS and Cloud solutions in financial services. Over the past decade, Encore Theme – headquartered in Chennai, India – has focused exclusively on…
Tech Mahindra, a part of the Mahindra Group that offers innovative and customer-centric information technology experiences, announced the strategic acquisition of Momenton, a digital enterprise technology firm, offering consultancy and implementation services, and Tenzing Limited, a technology consulting company. According to the press statement, Tech Mahindra has acquired 100% equity in both the organizations, and…
Cognizant announced it has agreed to acquire Bright Wolf, a privately-held technology services provider specializing in custom Industrial Internet of Things (IIoT) solutions for Fortune 1000 companies. This is Cognizant’s eighth acquisition to date in 2020 to accelerate growth in the company’s key strategic focus areas of cloud, AI and analytics, software product engineering, and…
Moody’s Corporation announced the acquisition of Acquire Media (AM), an aggregator and distributor of curated real-time news, multimedia, data, and alerts, from Naviga, Inc., a leading provider of content engagement solutions for the global media industry. The acquisition advances Moody’s Analytics’ (MA) position as a leader in Know Your Customer (KYC) solutions by strengthening its…
Chinese e-commerce giant Alibaba Group announced that it will invest approximately $3.6 billion in respect of Sun Art Retail Group Limited, a leading hypermarket and supermarket operator in China. As part of the transaction, Alibaba will acquire 70.94% of equity interest in A-RT Retail Holdings Limited from Auchan Retail International S.A. and its subsidiary (Auchan…
Honeywell, a Fortune 100 technology company that delivers industry-specific solutions that include aerospace products and services; control technologies for buildings and industry; and performance materials globally, has announced it has acquired assets from privately held Ballard Unmanned Systems, a wholly owned subsidiary of Southborough, Mass.-based Ballard Power Systems Inc. Ballard Unmanned Systems designs and produces…
Persistent Systems, a global solutions company based out of Pune that delivers digital business acceleration and enterprise modernization for businesses across industries and geographies has announced that it has entered into an agreement to acquire CAPIOT, including its subsidiaries in Australia, India and Singapore. Founded in 2014, CAPIOT specializes in enterprise integration with valuable expertise…
Infosys, a global leader in next-generation digital services and consulting, announced that it has completed the acquisition of GuideVision, one of the largest ServiceNow Elite Partners in Europe and an award winning enterprise service management consultancy specialised in offering strategic advisory, consulting, implementations, training and support on the ServiceNow platform. This follows the announcement the…
HCL Technologies, a global technology company, announced its intent to acquire DWS Limited, a leading Australian IT, business and management consulting group. As the IT industry continues to evolve and the growing demand for digital strategies increases, DWS, with over 700 employees and offices in Melbourne, Sydney, Adelaide, Brisbane, and Canberra, delivers business and technology…
AGC Networks Limited, a Global Solutions Integrator and an Essar enterprise, announced that it has completed the acquisition of Pyrios Pty Limited (Australia) and Pyrios Limited (New Zealand) through its indirect subsidiary – Black Box Networks Services Australia Pty Ltd and Black Box Networks Services New Zealand Ltd respectively. The acquisition of Pyrios will substantially…
Fintech startup Niyo Solutions Inc., which operates neo-bank Niyo recently announced that it has acquired mutual funds-focussed investment platform Goalwise in a cash-and-stock deal for an undisclosed amount. The recent acquisition by Niyo comes as it looks to expand its offerings into the wealth management space. Backed-by Tencent, Niyo said that it has picked up…