Aurum PropTech Limited (formerly known as Majesco Limited) has approved the acquisition of 100% shareholding in HelloWorld Technologies India Private Limited for a consideration of INR 38 Crore (‘HelloWorld’), a co-living company, at its Board Meeting held on Wednesday, March 23, 2022. HelloWorld is one of the largest co-living companies in India. HelloWorld provides the…
NetApp, a global, cloud-led, data-centric software company, announced it has completed its acquisition of Instaclustr, a leading platform provider of fully managed open-source database, pipeline and workflow applications delivered as a service. The acquisition of Instaclustr builds on a series of strategic acquisitions made by NetApp to deliver a comprehensive suite of offerings for Cloud…
KPIT Technologies Ltd, a global partner to the automotive and mobility ecosystem for making software-defined vehicles a reality, announced the acquisition of cloud-based vehicle diagnostics specialist SOMIT solutions. SOMIT enables after-sales operations of high tech luxury and new age OEMs through a cloud-based vehicle diagnostics platform & expert consulting services. Kishor Patil, Co-founder, CEO, and MD, KPIT Technologies, said,…
Hotel software provider, IDS Next, has announced the acquisition of India-based ShawMan Software, specialist provider of food & beverage, leisure, and wellness cloud solutions for the hospitality industry. Through this acquisition, IDS Next will be able to accelerate the migration of hotels to full-stack enterprise cloud solutions designed for hospitality groups and chains. ShawMan’s software is highly…
FMCG firm Marico Limited (MARICO) has announced a strategic investment in HW Wellness Solutions Private Limited with an acquisition of ~54% equity stake through primary infusion and secondary buyouts. Co-founded by Puru Gupta and Sreejith Moolayil, HW Wellness Solutions Private Limited owns “True Elements”, a clean label, digital-first brand playing in the rapidly growing healthy…
Wingreens Farms, a packaged food company, announced its acquisition of a 100% stake in Bengaluru-based snack foods startup, Postcard, earlier this week. Postcard, founded by Ashish Nichani and Sudarsan Metla in 2019- brings consumers specialty food from different parts of India, retaining authentic local flavours, while empowering local artisans and the supply chain, the statement…
The Adani Family, through an offshore special purpose vehicle, announced that it had entered into definitive agreements for the acquisition of Switzerland-based Holcim Ltd’s entire stake in two of India’s leading cement companies – Ambuja Cements Ltd and ACC Ltd. Holcim, through its subsidiaries, holds 63.19% in Ambuja Cements and 54.53% in ACC (of which…
Jindal Worldwide has acquired Mumbai-based electric vehicle start-up Earth Energy EV through its subsidiary Jindal Mobilitric. In addition, Jindal Mobilitric will set up a new manufacturing plant in Ahmedabad which will supplement the existing Earth Energy manufacturing facility in Maharashtra. The acquisition will see Jindal Mobilitric take over the indigenously developed technology platform as well…
SatSure, a deep tech startup working at the intersection of spacetech, Artificial Intelligence (AI), and Software as a Service (SaaS) to drive decision intelligence, announced the acquisition of SaaS application CropTrails, which was conceptualised and incorporated in the year 2018 by Indore-based startup OEPP Innovations Private Limited. CropTrails is a web and android application designed…
Cressanda Solutions Limited announced it has signed a non-disclosure and LOI with Bangalore based Lucida Technologies to acquire 100% of the issued and outstanding equity interests of Lucida and its subsidiaries. Lucida Technologies is a Bangalore based digital technology company specializing in providing development and support services in leading edge technologies such as data analytics,…
Cactus Communications (CACTUS), a technology company accelerating scientific advancement, announced its acquisition of Mind the Graph, a SaaS platform with the “world’s largest scientifically-accurate illustrations gallery.” This technology acquisition will enable CACTUS to provide automated, DIY science figures and AI-powered scientific communication solutions to the researcher community, academic publishers, and the life sciences industry, the statement said.…
Borosil Renewables Limited (Borosil), a solar glass manufacturer in India, and the Interfloat group of companies (Interfloat) announced the signing of a binding cash and stock deal enabling BRL to acquire a 100% stake in the Interfloat Group. Interfloat Group consists of two companies – GMB Glasmanufaktur Brandenburg GmbH (GMB), based near Berlin, and Interfloat…
Twitter, Inc. announced that it has entered into a definitive agreement to be acquired by an entity wholly owned by Elon Musk, for $54.20 per share in cash in a transaction valued at approximately $44 billion. Upon completion of the transaction, Twitter will become a privately held company, a statement said. Under the terms of the agreement, Twitter stockholders…
Marksans Pharma Limited, a pharmaceutical company in India, signed a share purchase agreement to acquire a 100% stake in Access Healthcare for Medical Products L.L.C, a Dubai-based front-marketing and promotion company. This transaction was approved by the Board of Directors of Marksans Pharma on April 23, 2022. Access Healthcare for Medical Products (Access Healthcare) provides…
Pearl Global Industries Limited, one of India’s largest garment exporters, has announced that its wholly owned subsidiary at Hong Kong namely, Pearl Global (HK) Limited has acquired 9,00,860 equity shares representing 52.11% equity capital of Bangladesh based, Alpha Clothing Limited for a consideration of USD 1.05 million on 21st April, 2022. Alpha Clothing Limited (Alpha)…