Accenture has agreed to acquire Eclipse Automation, a provider of customized manufacturing automation and robotics solutions headquartered in Cambridge, Ontario, Canada. The acquisition will allow Accenture to offer automated production lines that leverage the cloud, data and artificial intelligence (AI), making factories and plants smarter and thus, more productive, sustainable and safe. Financial terms were…
Shiprocket announced acquisition of Arvind’s omnichannel technology business – Om uni. The transaction will be carried out as a combination of stock and cash for total consideration of Rs. 200 crores. The combination of both entities will facilitate quick, efficient deliveries of shipments from the nearest store or warehouse, significantly reducing delivery timelines and enhancing…
ICF, a global consulting and digital services provider, announced that it has completed the acquisition of SemanticBits, a premier partner to U.S. federal health agencies for mission-critical digital modernization solutions. The company announced its intent to acquire SemanticBits last month. ICF plans to provide updated financial guidance for full-year 2022, which will include the expected contribution from…
Cipla Limited (Cipla) announced that Cipla Health Limited (CHL), wholly owned subsidiary and consumer healthcare arm of the Company has signed definitive agreements for acquisition of Endura Mass, a renowned nutritional supplement brand in the category of weight gain from Medinnbelle Herbalcare Private Limited. Endura and all other associated trademarks would be part of the…
Dark Pulse, Inc. (DarkPulse), a technology company focused on the manufacture, sale, installation, and monitoring of laser sensing systems based on its patented BOTDA dark-pulse sensor technology for assessing the health and security of infrastructure, announced it has signed an LOI for the acquisition of Om Optel Industries Pvt. Ltd., a Fiber Optic Cable and…
AMS (formerly Alexander Mann Solutions), the global provider of talent outsourcing and advisory services, announced the acquisition of FlexAbility, its longstanding Recruitment Process Outsourcing (RPO) partner in India, from the shareholders of firm ABC Consultants, the pioneer of recruitment services in the country. FlexAbility, renamed FlexAbility by AMS, will operate within the AMS global platform.…
GyanSys Inc. (GyanSys), a systems integrator headquartered in Indiana, announced the acquisition of SouthEnd Group Corporation (SouthEnd), a privately held firm with operations & delivery centers in Argentina and Brazil. This acquisition expands GyanSys’ geographic footprint to meet growing customer needs of worldwide delivery, deepens GyanSys’ portfolio of sourcing and procurement advisory services, and its…
Kotak Mahindra Bank (KMBL) announced that it has acquired the Agri and Healthcare Equipment financing portfolio of De Lage Landen Financial Services India Private Limited (DLL India), a subsidiary of De Lage Landen International B.V., owned by Rabobank. The operations of DLL India Acquired Portfolio will be transitioned to Kotak Mahindra Bank in a planned…
InfraCloud Technologies and Kubeshop.io have signed a definitive agreement whereby Kubeshop.io has acquired a majority stake in BotKube. InfraCloud Technologies is a Kubernetes focussed B2B Open Source Cloud Native Computing company which has been building products, services, and solutions to modernize applications and infrastructure, a statement said. Vishal Biyani, CTO & Founder at InfraCloud, said, “This is…
Gensol Engineering Limited (Gensol) has signed a termsheet to pick up majority stake in a US-based electric vehicle manufacturing startup. The investment is intended to accelerate Gensol’s plan to deliver a robust domestically manufactured EV in India. With this deal Gensol foresees an increment in revenue by INR 500-600Cr for FY-24. Gensol aims to set…
API infrastructure company M2P Fintech has acquired Bengaluru-based cloud lending platform Finflux to boost M2P’s digital lending and neo-credit plans, according to TNN report. The financial details of the deal were not disclosed, but it is learnt to be a cash and stock deal of around $15-20 million. This is M2P Fintech’s fourth acquisition since…
IBM announced it has acquired Databand.ai, a leading provider of data observability software that helps organizations fix issues with their data, including errors, pipeline failures and poor quality — before it impacts their bottom-line. Today’s news further strengthens IBM’s software portfolio across data, AI and automation to address the full spectrum of observability and helps businesses ensure that…
UST, a digital transformation solutions company has announced that it will strengthen its presence in the healthcare technology market with a strategic investment in Well-Beat, an Israeli start-up that adds a human touch to healthcare through patient-centered behavioral AI. The investment in Well-Beat is the latest example of UST accelerating the adoption of emerging tech solutions in healthcare and…
Marico Limited announced it has acquired an additional stake of 4.14% in Apcos Naturals. Post acquisition, Marico will hold 56.52 per cent stake in the company. According to the company’s exchange filing, “We refer to our letter dated July 14, 2021 informing that Marico Limited (“Company”) has entered into definitive agreements to make a strategic…
Tata Steel Limited (Tata Steel) has announced that Tata Steel Long Products Limited (TSLP), a subsidiary of Tata Steel, has completed the acquisition of 93.71% in 1 million tons per annum Neelachal Ispat Nigam Limited (NINL) from MMTC Ltd., NMDC Ltd., MECON Ltd., Bharat Heavy Electricals Ltd., Industrial Promotion and Investment Corporation of Odisha Ltd.,…