Dineout, one of the largest dining out and restaurant tech platforms in India, has acquired event curator SteppinOut. Financial details of the deal were not disclosed. This marks the fifth acquisition for Dineout. Earlier, the company has acquired inResto, Torqus, Gourmet Passport, and Binge Digital. Founded by Safdhar Adoor, SteppinOut curates events including food festivals,…
India’s largest tech enabled Real Estate Brokerage and Mortgage Marketplace, Square Yards, has acquired data intelligence and asset management firm PropsAMC, the company said in a statement. The management and entire team of PropsAMC, including its co-founders, have joined Square Yards and will operate under the parent brand name. PropsAMC was founded in 2016 by…
Sinch AB, a global leader in cloud communications for mobile customer engagement, has entered into a definitive agreement to acquire Inteliquent, the largest independent voice communications provider in the United States, for a total cash consideration of $1.140B USD. Inteliquent has built a strong go-to-market strategy as a trusted partner to category leaders in every…
GMM Pfaudler Limited announced that it has successfully completed the transaction to acquire a majority stake of its parent, the Pfaudler Group (Pfaudler) from the private equity firm Deutsche Beteiligungs AG Fund VI (DBAG), after receiving all necessary regulatory approvals. Pursuant to the acquisition, GMM has become the ultimate holding company of the Pfaudler group,…
Time Manufacturing Company (Time), a global manufacturer of aerial lifts primarily for the electric service, telecommunications, infrastructure and forestry sectors, announced it has completed its acquisition of Ruthmann, a European manufacturer of aerial work platforms. Based in Gescher-Hochmoor, Germany, Ruthmann has a long history of manufacturing high-quality truck-mounted aerial work platforms in Europe, which are…
LiveRamp, the leading data connectivity platform, announced that it has entered into a definitive agreement to acquire DataFleets, a cloud data platform that enables data silos to be unified without moving data or compromising privacy. This acquisition expands LiveRamp’s data protection capabilities to unlock greater data access and control for its customers. In addition, the…
Kalpataru Power Transmission Ltd (KPTL) said its wholly owned subsidiary in Brazil has signed a definitive agreement to acquire 51 per cent stake in Fasttel Engenharia Ltd in the South American country, for USD 8.80 million (over Rs 64 crore). According to regulatory filing, “Kalpataru Power do Brasil Participacoes Ltda has signed a definitive agreement…
Meritech Co., Ltd. HQ in Japan announced that it will acquire majority stake in Eoxys Systems India, which provides engineering services and solutions for IoT; through its subsidiary Meritech Software Private Limited in India. Meritech Software Private Limited (Meritech) will acquire the majority stake of Eoxys Systems India Private Limited (Eoxys) in an all cash…
F5 Networks, the leader in application security and delivery, and Volterra, the first universal edge-as-a-service platform, announced a definitive agreement under which F5 will acquire all issued and outstanding shares of privately held Volterra for approximately $440 million in cash and approximately $60 million in deferred consideration and assumed unvested incentive compensation to founders and…
Biocon Ltd, an innovation-led global biopharmaceuticals company, announced that the Board of its subsidiary Biocon Biologics Ltd has approved a primary equity investment by Abu Dhabi based ADQ, one of the region’s largest holding companies. As per the terms of the proposed agreement, ADQ will invest Rs 555 Crore for a 1.80% minority stake in…
LG Electronics, through one of its US subsidiaries, Zenith Electronics LLC, announced it is making a significant investment in Alphonso Inc. to bring together the two TV industry leaders’ technologies and innovations in LG’s smart TV lineup. With its investment, LG will become Alphonso’s largest investor with a controlling stake of more than 50 percent,…
Garment Mantra Lifestyle Ltd (Erstwhile Junction Fabrics & Apparels Ltd) announced that the Company has successfully acquired 74% stake in Twenty Twenty Trading LLP, which operates the value retailing brand – “Price Mantra”. The company has taken steps to consolidate its Group structure in its effort to maximize the benefits of an Integrated Textile player.…
Brightstar Corp., the global leader of end-to-end device lifecycle management solutions, has announced it will sell its 51% stake in Brightstar India to an investment firm of a UK based Family Office. Brightstar is exiting the region as part of its transformation strategy, allowing it to focus on core geographies and streamline operations to better…
3i Infotech Limited, a global information technology company, announced that it has entered into a definitive agreement to sell its Software Products business to funds advised by Apax Partners, for a total consideration of INR 10 billion. The Software Products business will be acquired by a newly formed company named Azentio Software, wholly owned by…
JPMorgan Chase & Co. and cxLoyalty Group Holdings announced they have signed an agreement for JPMorgan Chase to acquire the Global Loyalty business of cxLoyalty Group Holdings. The deal includes cxLoyalty’s leading technology platforms, full-service travel agency, gift card, merchandise, and points bank businesses, the press statement said. Commenting on the deal, Marianne Lake, Chief…