Chase Corporation (Chase), a global manufacturer of protective materials for high-reliability applications across diverse market sectors, announced that it has entered into a definitive agreement to be acquired by an affiliate of investment funds managed by KKR, a leading global investment firm (as applicable, “KKR”). The all-cash transaction is valued at approximately $1.3 billion, including…
Group14 Technologies, the leading global manufacturer and supplier of advanced silicon battery technology, acquired Schmid Silicon Technology Holding GmbH (Schmid Silicon), the most technologically advanced silane producer in Europe, in a landmark move to strengthen the global battery supply chain and meet demand for silicon battery technology worldwide. As part of the acquisition, Group14 will bring…
Dell Technologies announced it has signed a definitive agreement to acquire Moogsoft, an AI-driven provider of intelligent monitoring solutions that support DevOps and ITOps. This transaction will further enhance Dell’s AIOps capabilities, as part of its longstanding approach of embedding AI functionality within its product portfolio and as a critical component of its “multicloud by design”…
Sheela Foam Limited, a leader in Home Comfort products (foam-based) and the largest Polyurethane (PU) Foam manufacturer, announced two simultaneous deals, with controlling stake in Kurlon Enterprises Limited (flagship brand Kurl-on — Mattress of India) and a stake in Furlenco furniture (online furniture brand owned and operated by “House of Kieraya Private Limited” or “HOK”).…
CarTrade Tech Limited, one of India’s largest online auto platforms, announced the signing of an agreement to acquire the operations of OLX in India from OLX India BV (OIBV). The deal includes acquisition of 100% stake of Sobek Auto India Private Limited, consisting of the OLX Autos transaction businesses and the OLX classifieds platform for…
Sojern, the leading travel marketing platform, announced the acquisition of VenueLytics, the hospitality industry’s most integrated guest experience platform serving independent hotels, resorts, chains and casinos. Sojern will incorporate VenueLytics’ capabilities as an extension of the Sojern Travel Marketing Platform, a statement said. Sojern has long been a direct bookings driver for hotels—providing comprehensive digital advertising solutions…
Honeywell announced it has agreed to acquire SCADAfence, a leading provider of operational technology (OT) and Internet of Things (IoT) cybersecurity solutions for monitoring large-scale networks. SCADAfence brings proven capabilities in asset discovery, threat detection and security governance which are key to industrial and buildings management cybersecurity programs, a statement said. “It is essential to…
Tata Communications, a global digital ecosystem enabler, announced it has entered into a share purchase agreement through its Singapore-based subsidiary Tata Communications International Pte Limited (TCIPL) to acquire the remaining 41.9% equity in Oasis Smart SIM Europe SAS (Oasis), a leading embedded-SIM (eSIM) technology provider. The transaction enables TCIPL to gain complete 100% equity shareholding…
US-based management consulting firm Bain & Company announced that it intends to acquire the Asia Pacific arm of global venture-building and start-up development studio, Rainmaking, to help companies across the region better innovate, launch, and scale new businesses. Through its proposed acquisition of Rainmaking APAC, which comprises 50 entrepreneurial talents across key markets in Singapore, Japan and South Korea, Bain intends…
Valmet has on July 7, 2023, entered into an agreement to acquire Körber Group’s Business Area Tissue. The Business Area Tissue specializes in innovative converting and packaging technologies and services for the tissue industry. By combining the complementary offering and competencies of Valmet and the acquired business, Valmet creates the market’s widest technology, automation and…
KKR, Telefónica Hispanoamérica, and Entel announced agreements under which KKR will acquire a majority interest in PangeaCo and the existing fiber optic networks of Telefónica del Perúand Entel Perú to build Perú’s first nationwide open access wholesale fiber optics company with the mission to bring greater access to fiber optics connectivity across the country. The…
KKR and Mirastar, KKR Real Estate’s industrial and logistics platform in Europe, have acquired a high-quality last-mile logistics property in Stockholm. This off-market acquisition is the first in Sweden for KKR and Mirastar, and the second in the Nordics this year for KKR through its European Core+ Real Estate strategy, following the acquisition of a…
LyondellBasell has completed the acquisition of Mepol Group, a manufacturer of recycled, high-performing technical compounds located in Italy and Poland. Mepol S.r.l. and its subsidiaries Polar S.r.l. and Industrial Technology Investments Poland Sp.z.o.o, will be subsidiaries in LyondellBasell’s Advanced Polymer Solutions (APS) business unit, a statement said. LyondellBasell’s APS segment produces and markets compounding solutions, such as polypropylene…
Samvardhana Motherson International Limited (SAMIL) via 100% subsidiary of SMRP B.V. (SAHN B.V.) has entered into an agreement to acquire 81% stake in Yachiyo’s 4W (Y4W) Business. Motherson will form an 81%:19% strategic partnership with Honda Motor where both partners will drive the company towards a strong and sustainable future and be fully prepared for…
TI Clean Mobility Private Limited (TICMPL), a subsidiary of Tube Investments of India Limited (TII) announced its entry into the largest segment of commercial vehicles in India with its fourth Electric Vehicle platform. TICMPL will float a new subsidiary company to commercialize eSCV (electric small commercial vehicles). In this regard, TICMPL entered into an agreement…