GoCardless, the leading fintech in account-to-account payments, has announced its intention to acquire the freemium open banking platform Nordigen, in line with its ambition to build the most major global banking payment network. GoCardless will integrate Nordigen’s next-generation open banking connectivity API – to date the largest in Europe with connection to more than 2,300…
WNS (Holdings) Limited (WNS), a provider of global Business Process Management (BPM) services, announced it has acquired Vuram, a global leader in enterprise automation services. Vuram helps companies accelerate digital transformation by aligning, automating, and optimizing processes using a combination of low-code software applications and intelligent automation platforms, the statement said. “WNS expects that the acquisition of Vuram…
Bharat Forge Limited, along with its subsidiary, BF Industrial Solutions Limited (together referred to as “Bharat Forge”) announced that it has successfully completed the previously announced acquisition of JS Autocast Foundry India Private Limited (JS Auto). The Enterprise Value of the transaction is Rs 489.63 Crores. This acquisition significantly enhances our capabilities and addressable market…
Manufacturing unicorn Zetwerk has acquired three companies for Rs 100 crore to strengthen its industrial vertical business in the oil and gas, aerospace, defense, and infrastructure component segments, the company said on Thursday, according to PTI report. The company acquired Pinaka Aerospace Solutions for aerospace and defense manufacturing capabilities, bagged a majority stake in SharpTanks…
Cipla Limited (Cipla) announced that it has agreed to acquire additional stake for INR 25.90 cr. in digital tech company GoApptiv Private Limited (hereinafter referred as “Goapptiv”) and post completion of the deal, Cipla’s total stake in GoApptiv will increase to 22.02% on a fully diluted basis. The investment will be made in equity shares…
Asia Pacific’s premier corporate services provider, Acclime, has announced its strategic expansion into India with the acquisition of leading corporate services consultancy, Concept International Business Consulting (CIBC). This deal and identification of the right partner has been facilitated with India’s Wodehouse Capital as their strategic advisor. Acclime is the premier corporate services provider in Asia, operating in…
Swedish multinational engineering company Sandvik has signed an agreement to acquire 100% of the equity interests of the Portugal-based company Frezigest, SGPS (Frezite). The company will be reported within Walter, a division within Sandvik Manufacturing and Machining Solutions, a statement said. “With the acquisition of Frezite, we take another important step in our shift to growth…
Dr. Reddy’s Laboratories Ltd. announced that it has acquired a portfolio of branded and generic injectable products from Deer Park, Illinois, based Eton Pharmaceuticals, Inc. The portfolio includes the Biorphen (phenylephrine hydrocholoride) Injection and Rezipres (ephedrine hydrochloride) Injection NDAs with nine separate combinations of strengths and presentations and one firstto-file approved ANDA for Cysteine Hydrochloride…
Degreed announced the acquisition of talent academy platform, Learn In, and the return of Co-founder David Blake as CEO. Blake was previously the Co-founder and CEO of Learn In. Learn In helps companies establish internal talent academies that bring together all the resources needed for building a highly skilled workforce, including the longer journey of developing…
Malpani Group (MPG), a Maharashtra based diversified business group with leading presence in amusement park business, has acquired majority stake and control in Imagicaaworld Entertainment Ltd. (Imagicaa). The lenders to the Company have completed a debt resolution for Rs. 575 crore, which includes assignment of their debt to Aditya Birla ARC for Rs. 500 crore…
Laminate manufacturer Greenlam Industries Ltd. has acquired the laminate manufacturing facility of Gujarat based Bloom Dekor Limited in an INR 36.0 crore deal. With this acquisition, Greenlam will now have four strategically located laminate manufacturing facilities in India, situated at Behror (Rajasthan), Nalagarh (Himachal Pradesh), Naidupeta (Andhra Pradesh – Under Construction) and now Prantij (Gujarat).…
DBS Bank India Limited announced that it has acquired a 9.9% stake in Svakarma Finance, a non-banking finance company, for delivering relevant financial solutions to micro enterprises through a combination of direct lending and co-lending. DBS Bank India’s strategy for its expanded franchise across 300+ locations and 500+ branches envisages significant growth in SME and…
Pharma major Cipla Limited announced that it has signed definitive agreements for acquisition of 21.05% stake for an amount of INR 25 crores (approx.) in Achira Labs Private Limited (Achira) engaged in development and commercialization of point of care (PoC) medical test kits in India. This investment will facilitate a Cipla entity’s strategic participation in…
Boehringer Ingelheim announced the signing of an option to acquire Trutino Biosciences Inc., a San Diego-based biotech company. Trutino Biosciences is a pre-clinical stage biotech company dedicated to the discovery and development of next-generation cytokine therapies to treat immuno-oncology and autoimmune diseases. Boehringer Ingelheim is dedicated to a two-pronged research strategy to fight cancers:…
Park+, a mobile-first car ownership super app, announced its acquisition of Otopark, a community driven parking solution provider which connects people looking for parking spots with people who have spare parking space inventory. Through this acquisition, Park+ has achieved 100% coverage in the Mumbai Metropolitan Region (MMR). Additionally, all Otopark employees will be absorbed by Park+…