AstraZeneca and Alexion Pharmaceuticals, Inc. (Alexion) have entered into a definitive agreement for AstraZeneca to acquire Alexion. The boards of directors of both companies have unanimously approved the acquisition. Subject to receipt of regulatory clearances and approval by shareholders of both companies, the acquisition is expected to close in Q3 2021, and upon completion, Alexion…
Social network firm Reddit announced that it would buy short-video platform Dubsmash. Post acquisition, the co-founders Suchit Dash, Jonas Druppel and Tim Specht, will join Reddit. Reddit is an online platform, enabling its users to submit links, create content, and have discussions about the topics of their interest. The financial terms of the deal were…
Zurich Insurance Group subsidiary Farmers Group, Inc. has agreed to acquire MetLife’s property and casualty (P&C) business in the U.S. together with the Farmers Exchanges for USD 3.94 billion. Zurich will contribute USD 2.43 billion through FGI and the Farmers Exchanges’ USD 1.51 billion. The transaction gives the Farmers Exchanges a truly nationwide presence and…
Hyundai Motor Group announced it will acquire a controlling interest in Boston Dynamics in a deal that values the mobile robot firm at $1.1 billion. The deal came as Hyundai Motor Group envisions the transformation of human life by combining world-leading robotics technologies with its mobility expertise. Financial terms were not disclosed. Under the agreement,…
Mahindra & Mahindra has announced the acquisition of a stake in Sampo Rosenlew Oy, a manufacturer of combine harvesters and forest machinery with market presence in Europe, CIS and Algeria. Post-acquisition, Mahindra stake in the company will increase from 74.97% to upto 79.13%, the filing said. With this acquisition, Mahindra’s scale in tractors and Sampo’s…
Moody’s Corporation, a global integrated risk assessment firm that empowers organizations to make better decisions, announced that it has acquired ZM Financial Systems (ZMFS), a leading provider of risk and financial management software for the U.S. banking sector. The transaction advances Moody’s position as a leader in integrated risk assessment by broadening Moody’s Analytics’ suite…
Investcorp announced that it has entered into a definitive agreement to sell Avira to NortonLifeLock, a global leader in consumer Cyber Safety, for approximately US $360 million. The transaction is expected to close in Q1 2021, subject to regulatory approvals and customary closing conditions. Avira is a Germany-headquartered, global cybersecurity software solutions firm serving the…
Everstone, a Singapore headquartered investment group, has signed an agreement to acquire a controlling stake in Calibre, a specialty ingredients player focused on the pharmaceutical, nutritional and personal care segments. Founded in 1984 by Ranjit Bhavnani, Calibre is a leading specialty ingredients player in Iodine Derivatives, Persulfates and Perchlorates. Calibre’s customers span across US, Europe,…
EQT, a global investment organization, has announced that the EQT VII Fund will sell Apleona Group GmbH to PAI Partners SAS. Apleona, based in Neu-Isenburg, offers both technical building management services as well as infrastructural and commercial building management as part of an integrated offer. EQT acquired the company in 2016 as part of a…
Service Express, a leading Third-Party Maintenance (TPM) provider, has announced the acquisition of Zensar Technologies’ third-party maintenance division. Zensar Technologies is a global IT services company based in India. As a result of the acquisition, Service Express will strengthen its international presence while providing Zensar’s maintenance customers with best-in-class data center support. Zensar provides its…
Orient Cement, a CK Birla Group firm and one of the fastest growing and leading cement manufacturers in India, said it would acquire 26 per cent stake in AMPSolar Systems for Rs 4.5 crore. AMPSolar Systems was incorporated on May 17, 2020 and is a step-down subsidiary of AMP Energy India Pvt Ltd. AMPSolar Systems…
Deloitte, a provider of industry-leading audit, consulting, tax and advisory services, has agreed to acquire HashedIn Technologies Private Limited, a high-end product development and software engineering firm. This acquisition continues Deloitte’s longstanding and strategic investment in scaling core engineering capabilities to augment its deep business domain knowledge, Deloitte said in its press release. The combination…
Bank of India has amongst other parties entered into a Share Purchase Agreement (SPA) with AXA investment Managers Asia Holdings (AXA IM) on 2 December 2020, whereby Bank of India has agreed to purchase AXA IM’s (a) entire 49% equity shares in BOI AXA Investment Managers (BAIM); and (b) entire 49% equity shares in BOI…
Google announced that it has entered into a definitive agreement to acquire Actifio, a leader in backup and disaster recovery (DR)—offering customers the opportunity to protect virtual copies of data in their native format, manage these copies throughout their entire lifecycle, and use these copies for scenarios like development and test. With this acquisition, Google…
Fermenta Biotech announced that Fermenta Biotech USA, LLC, a wholly owned subsidiary of the Company, has acquired a 52% membership interest in AGD Nutrition, LLC. AGD Nutrition LLC is in the similar line of business as that of the Company and Fermenta Biotech USA, LLC, the exchange filing said. “The main purpose of acquisition is…