U.S.-based Carlyle Group Inc recently announced that it has agreed to buy a 20% stake in the pharmaceutical unit of Indian conglomerate Piramal Enterprises Ltd for about $490mn. Both the companies have jointly announced the transaction in a statement. Piramal Pharma in a statement said that it will use the capital injection to accelerate its…
Mapletree, a real estate development, investment, capital and property management company headquartered in Singapore, announced that it has acquired an under-construction logistics park in Pune’s Chakan area from KSH Infra Industrial Park for Rs 300 crore, said three persons with direct knowledge of the development, according to an ET report. Avendus Capital acted as the…
h2e Power, a Pune and New York-based clean technology startup, backed by Serum Institute of India CEO Adar Poonawalla, announced that it has fully acquired Hexis AG, a Swiss fuel cell company. Financial details of the transaction remain undisclosed. h2e Power said in a statement, it has acquired Hexis through its German subsidiary, mPower GmBH,…
ReNew Power, a Gurugram-based wind energy firm, announced that it has signed a definitive agreement to acquire Climate Connect, a digital-analytics, software development, AI and ML startup, specialising in the power markets domain in India. In its statement to media, the company said that ReNew’s acquisition of Climate Connect is expected to not only add…
AGC Networks Limited, a Global Solutions Integrator and an Essar enterprise, announced that it will be acquiring Fujisoft through its indirect subsidiary – Black Box Holdings Limited Cayman Islands. Fujisoft is a technology company committed to bringing the best possible technology solutions to customers in the region. The company said that the acquisition of Fujisoft…
Technology major Cisco Systems, Inc. recently announced that it has agreed to acquire privately-held software maker ThousandEyes, Inc. The deal is worth nearly $1 billion, Bloomberg reported earlier, citing sources. The recent development at the company was anticipated by industry analysts since Cisco bought AppDynamics in 2017 for $3.7 billion just before the IPO. The…
Novavax Inc, a late-stage biotechnology company developing next-generation vaccines for serious infectious diseases, announced the acquisition of Praha Vaccines, a part of the Cyrus Poonawalla Group, in an all cash transaction of approximately $167 million. The acquisition includes a biologics manufacturing facility and associated assets in Bohumil, Czech Republic. The facility is expected to provide…
Jeff Bezos-led online retail giant, Amazon reportedly is in advanced talks to buy self-driving startup Zoox Inc. The move is expected to expand the e-commerce giant’s reach in autonomous-vehicle technology According to a Wall Street Journal report, the deal will value Zoox at less than the $3.2bn. The self-driving startup has achieved a similar valuation…
Bharti Airtel announced that it has acquired a strategic stake in Voicezen, an early stage startup focused on conversational AI technologies. The acquisition has been made by the company under its fast expanding Airtel Startup Accelerator Program. Gurugram-based Voicezen has been working on developing advanced solutions that leverage machine learning, AI, speech to text and…
Putting all the rumours aside, technology giant Apple recently announced that it has acquired virtual reality startup NextVr for $100million. The reason for the buyout is not yet disclosed by the tech major, however, it is being said that the acquisition will help Apple develop its own VR capabilities. In a media statement, Apple said,…
Payescape, a UK-based company that offers a cost effective online payroll processing service for companies, announced it has added a powerful API payroll engine, PayRun.io to their business. The company said that in these difficult times when many companies are under pressure to cut back, Payescape has taken steps to keep moving forward. Managing Director…
American IT services company, Cognizant has recently entered into an agreement to acquire Collaborative Solutions, a US-based global consultancy firm. The company specializes in Workday enterprise cloud applications for finance and human resources. The transaction is expected to be closed in the second quarter of 2020, subject to regulatory clearance and satisfaction of certain closing…
Aurigo Software and Autodesk, Inc. announced an alliance to develop the most comprehensive set of cloud-based solutions for public and private owners. Aurigo will integrate with Autodesk Construction Cloud, a portfolio of construction management software and services. As part of the alliance, Autodesk will acquire a minority stake in privately-held Aurigo. “The present climate of…