Motherson Sumi Systems Limited (MSSL) announced the acquisition of a majority stake in CIM Tools Private Limited, a Bengaluru-based aerospace supply chain company. This milestone acquisition will mark MSSL’s entry into the aerospace industry, the company said in its statement. MSSL will acquire 55% stake from the promoters of CIM Tools Private Limited (CIM). CIM…
Quadrant Private Equity, Five V Capital, Rodney Kagan and other shareholders of Probe CX announced they have entered into an agreement under which KKR will acquire a majority stake in Probe alongside existing management. The investment will be used to further fuel Probe’s robust growth and strengthen its digital capabilities to enhance its service offering to customers, the…
Persistent Systems announced that it has entered into an agreement to acquire Software Corporation International (SCI), headquartered in Charlotte, North Carolina , and its subsidiary Fusion360, and the business of Shree Partners, based in East Brunswick, New Jersey , including its subsidiary in India. Founded in 1990, SCI has extensive consulting expertise in payment solutions, integration and support for…
Cygnet Infotech, a global technology company headquartered in India and with an office in London, announced it has taken over euVAT Online, a UK-based company providing cloud-based VAT technology. This newly acquired solution will enable companies and tax professionals to automatically manage their VAT claims, generate reports for VAT returns and directly link and integrate their Amazon…
Jubilant Foodworks Limited has acquired 25.02% stake in Wellversed Health Private Limited. According to the exchange filing, “we wish to inform that Jubilant Foodworks Limited (“Company”) has entered into Share Subscription Agreement and Shareholders’ Agreement both dated September 22, 2021 to acquire 25.02% stake in Wellversed Health Private Limited.” Wellversed Health Private Limited (Wellversed) is…
KEC International Ltd. (KEC), a global infrastructure EPC major, an RPG Group Company, has entered into a definitive agreement to acquire 100% equity in Spur Infrastructure Private Limited (Spur Infra) for an enterprise value of Rs. 62 crores subject to customary adjustments at closing. The acquisition is expected to be completed within 60 days from…
QuEST Global, a global product engineering and lifecycle services company, announced that leading global investors – ChrysCapital, True North Managers LLP, and other institutional investors – have invested a total of approximately US $150 million to purchase minority stakes in the Company. The investors have completed the purchase of a portion of the shares held by…
Accenture has acquired Workforce Insight, a workforce optimization consultancy that provides workforce management and human capital management advisory and technology services. Financial terms of the transaction were not disclosed. The acquisition enhances Accenture’s workforce management capabilities and further strengthens its ability to deliver HR transformation to clients, the company said in its statement. Founded in 2006…
Equisoft, a leading global digital solutions provider to the financial industry, has announced the acquisition of U.K.-based financial services firm Altus. Located in Bath, U.K., Altus’ suite of products and deep market penetration adds to Equisoft’s product portfolio and expands its presence within the financial services space with a transaction platform for pension administrators and asset managers. Altus…
Leading Australian and New Zealand education technology company Education Perfect (EP), global investment firm KKR, and Australia-based private equity firm Five V Capital announced the signing of definitive agreements pursuant to which KKR will acquire a majority stake in the Company. EP, a certified B Corporation, empowers students, teachers, parents, and school leaders by providing…
Acosta, a global integrated sales and marketing services provider in the consumer packaged goods (CPG) industry, announced it signed a definitive agreement to acquire Impact Group, a dynamic sales and marketing agency with a national presence and local market expertise in natural, specialty, ethnic and emerging brands. By bringing the two companies together, Acosta is…
CNH Industrial N.V. announced that it has entered into an agreement to acquire 100% of the capital stock of Raven Industries, Inc., a US-based leader in precision agriculture technology for US$58 per share, representing a 33.6% premium to the Raven Industries 4-week volume-weighted average stock price, and US$2.1 billion Enterprise Value. The transaction will be funded…
EIG, a leading institutional investor to the global energy sector and one of the world’s leading infrastructure investors, announced the closing of its previously announced transaction with Saudi Arabian Oil Co. (Aramco), under which a consortium of investors acquired a 49% equity stake in Aramco Oil Pipelines Company (Aramco Oil Pipelines), a newly formed entity with rights…
NVIDIA has agreed to acquire DeepMap, a startup dedicated to building high-definition maps for autonomous vehicles to navigate the world safely. “The acquisition is an endorsement of DeepMap’s unique vision, technology and people,” said Ali Kani, vice president and general manager of Automotive at NVIDIA. “DeepMap is expected to extend our mapping products, help us scale worldwide map operations and expand our full self-driving expertise.” “NVIDIA is…
Wipro, a leading global information technology, consulting and business process services company, announced it has invested $1.2 million in Squadcast, as part of a business partnership with the software-as-a-service (SaaS) startup to provide IT incident response and site reliability engineering services. The transaction is expected to be completed during the quarter ending June 30, 2021,…