Adani and energy supermajor TotalEnergies of France have entered into a new partnership to jointly create the world’s largest green hydrogen ecosystem. In this strategic alliance, TotalEnergies will acquire 25% minority interest in Adani New Industries Ltd (ANIL) from Adani Enterprises Ltd (AEL). The new partnership, centered on green hydrogen, is expected to transform the…
Apollo announced that funds managed by its affiliates (the Apollo Funds) have agreed to acquire Cardenas Markets (Cardenas), a leading grocery retailer focused on serving the Hispanic community, from investment funds affiliated with KKR, a leading global investment firm. Upon completion of the transaction, Apollo Funds will combine Tony’s Fresh Market, a Chicago-based portfolio company,…
Aurionpro announced it has increased its stake in SC Soft Pte Ltd (SC Soft) upto 90% with a commitment to complete acquisition of balance 10% by December 31, 2022. This increase in stake enables complete management control and integration of SC Soft with Aurionpro. The deal is valued at US$ 4.99 Million (approximately INR 38…
ICF, a global consulting and digital services provider, announced that it has entered into a definitive agreement to acquire SemanticBits, a premier partner to U.S. federal health agencies for mission-critical digital modernization solutions. Founded in 2005, SemanticBits’ team of 450 technologists and practitioners bring demonstrated success with large federal health IT projects and expertise across…
Watlow, a designer and manufacturer of complete industrial thermal systems, announced that it has signed an agreement to acquire Eurotherm from Schneider Electric, the global leader in the digital transformation of energy management and automation. The terms of the transaction were not disclosed. Eurotherm is a premier global provider of temperature, power, and process control,…
BLS International, a global tech-enabled services partner for governments and citizens, announced that it has acquired Mumbai headquartered, largest business correspondent in the country – Zero Mass Private Ltd (ZMPL). With this all cash acquisition from company internal accruals, BLS international becomes the largest business correspondent network in India, a statement said. ZMPL has been…
KKR, a global investment firm, announced that KKR has agreed to acquire a majority stake in Contabo, a global cloud infrastructure and hosting provider based in Germany. As part of the transaction, existing investor Oakley Capital will retain a minority stake in the business, alongside management and hosting entrepreneurs Thomas Strohe, Jochen Berger and Thomas…
Cybersecurity major Forescout Technologies, Inc. announced that it has signed a definitive agreement to acquire Cysiv, a cybersecurity innovator that uses its cloud platform to improve detection and response of true threats. With this acquisition, Forescout will leverage Cysiv’s threat detection engine to analyze a wealth of asset and network communications data automatically collected by Forescout’s…
Adani Transmission Ltd. (ATL), a private sector transmission and distribution company, has signed definitive agreements with Essar Power Ltd. (EPL) for acquiring 673 ckt kms operational inter-state transmission project owned and operated by Essar Power Transmission Ltd. (EPTCL). The Enterprise value for the transaction is INR 1,913 crore. Anil Sardana, MD & CEO, Adani Transmission…
Gupshup, a global leader in conversational engagement, announced the acquisition of OneDirect, the omnichannel, AI-enabled, customer service platform of choice for leading brands in India, South East Asia and the Middle East. The acquisition strengthens Gupshup’s suite of conversational solutions and enables superior omnichannel conversational engagement with a powerful and flexible live Agent Assist solution that…
Reliance Brands Limited (RBL) and Plastic Legno SPA have signed a joint venture arrangement through which RBL will acquire a 40% stake in Plastic Legno SPA’s toy manufacturing business in India. This investment by RBL serves a dual purpose, bringing in vertical integration for RBL’s toy business and helping diversify the supply chain with a…
Dalberg, a social impact advisory group has acquired Ravel Innovation, a Singapore-based company which designs, builds, and runs an ecosystem of innovation communities and corporate innovation programs, to help clients broaden and deepen their impact globally. This new offering will combine the expertise of both organizations and strengthen Dalberg’s capabilities to help governments, NGOs, progressive corporations,…
Bengaluru headquartered business accounting platform Vyapar has acquired SaaS startup NeoDove for an undisclosed amount. This is Vyapar’s first acquisition with which it hopes to further strengthen and step up its efforts to cater to the SME sector, a statement said. “Building on our six years of success, the acquisition of NeoDove is our next…
Shutterstock, Inc., a global creative platform for transformative brands and media companies, announced the acquisition of Splash News, one of the world’s leading entertainment news networks for newsrooms and media companies. A leading source for image and video content across celebrity, red carpet and live events for over three decades, Splash News is an industry…
Sun Pharmaceutical Industries Limited (Sun Pharma), announced that one of its subsidiaries, S.C. Terapia S.A., Romania has acquired the Uractiv portfolio from Fiterman Pharma in Romania. The Uractiv portfolio comprises food supplements including minerals, vitamins and adjuvants; cosmetics and medical devices used for maintaining urinary tract health. Uractiv is the No. 1 brand in its…