Galderma and Taro Pharmaceutical Industries Ltd. (Taro) announced they have signed a definitive agreement for Taro to acquire Alchemee, formerly The Proactiv Company (TPC}, from Galderma. The agreement between Galderma and Taro includes Alchemee’s business and assets around the world, including the Proactiv brand. “We are excited to add Proactiv to Taro’s broad portfolio of…
Crompton, an electrical consumer durables company in India, announced that it has signed definitive agreements on February 22, 2022 to: (a) acquire upto 55% stake in Butterfly, a company engaged in the manufacturing, marketing and distribution of kitchen and small domestic appliances (SDA), at a price of INR 1,403.00 per equity share, and (b) Trademarks…
The Sistema Group company, Binnopharm Group, one of the leading pharmaceutical production companies in Russia via its affiliate Joint Stock Company ‘Alium’, and Dr. Reddy’s Laboratories Ltd., along with its subsidiaries together referred to as “Dr. Reddy’s”), an integrated global pharmaceutical company, announced the signing of a deal that will allow Binnopharm Group to acquire…
The Phoenix Mills Limited (PML), a real estate developer, announced the execution of non‐binding term sheet to acquire balance 50% equity stake in Classic Mall Development Company Limited (CMDCL) from Crest Ventures Limited and Escort Developers Private Limited (a 100% subsidiary of Crest Ventures Limited). PML currently owns 50% in CMDCL and the balance 50%…
Crocs, Inc., a world leader in innovative casual footwear for women, men, and children, announced it has completed its previously announced acquisition of HEYDUDE, a privately-owned casual footwear brand. The closing is effective as of February 17, 2022. The acquisition of HEYDUDE adds a second high-growth, highly profitable brand to the Crocs portfolio. We intend to leverage…
Confidence Futuristic Energetech Limited announced it has acquired 50 per cent stake in Maruti Koatsu Cylinders Limited. According to the company’s exchange filing, “we inform you that Confidence Futuristic Energetech Limited has acquired 50% stake in M/s MARUTI KOATSU CYLINDERS LIMITED based at Halol, Gujarat. M/s MARUTI KOATSU CYLINDERS LIMITED has an operational plant with…
Mahindra & Mahindra Limited announced it has acquired additional stake in MITRA Agro Equipments Private Limited. Post this acquisition, the company will hold a 47.33% stake in the company. According to the company’s exchange filing, “we would like to inform you that the Company has today, in exercise of its Call Option under the relevant…
Web Werks, a leading company in the Indian Data Center and Cloud Services market, has announced the acquisition of an industrial building which will be converted for its first data center in Bengaluru. Bengaluru is an emerging data center market that has been witnessing a demand for data-driven services, cloud and colocation. The new highly…
IBM announced it has acquired Neudesic, a leading U.S. cloud services consultancy specializing primarily in the Microsoft Azure platform, along with bringing skills in multicloud. Financial details of the deal were not disclosed. This acquisition will significantly expand IBM’s portfolio of hybrid multicloud services and further advance the company’s hybrid cloud and AI strategy, the statement…
Arvog Forex has been acquired by Revolut India, the India incorporated entity of UK’s fintech firm Revolut, according to the statement. Arvog Finance (Finkurve Financial Services Limited), the rapidly growing smart-tech-enabled diversified finance and venture growth Investment Company has divested its forex subsidiary to tighten focus on fintech ops and venture growth, according to the…
Further to the announcement on 16 August 2021, HSBC Insurance (Asia Pacific) Holdings Limited, an indirect wholly-owned subsidiary of HSBC Holdings plc (HSBC), announced it has completed the acquisition of 100% of the issued share capital of AXA Insurance Pte Limited (AXA Singapore) for a consideration of US$529m, subject to closing adjustments. Surendra Rosha, Co-CEO,…
Black Box Limited (formerly AGC Networks Limited), an IT solutions provider, announced that it has completed the acquisition of Dragonfly Technologies through its indirect wholly-owned subsidiary – Black Box Technologies Australia Pty Ltd. Dragonfly is Australia’s leading cyber security, enterprise networking and automation focused technology provider. With deep expertise and an enviable reputation as a…
MX Media Co. Ltd, the parent company of MX TakaTak, and ShareChat, the parent company of Moj, announced a strategic merger between Moj and MX TakaTak, to create the largest short video platform for Indians, where by the two platforms will now be controlled by ShareChat. Post this transaction, MX Media and its shareholders will…
Max Healthcare Institute Ltd (MHIL), one of India’s largest private healthcare providers, announced the deal to acquire Eqova Healthcare Private limited (Eqova), a company with long term exclusive rights to aid development of and provide medical services to a 400 bed hospital to be built on 2.1 acres of land parcel in Patparganj, Delhi, owned…
The international technology group Körber has signed an agreement to acquire Siemens Logistics’ global mail and parcel business. With the acquisition, Körber significantly complements its supply chain offering. With around 1,200 employees, Siemens Logistics mail and parcel business generates annual revenue of about €500 million, a statement said. Körber’s Business Area Supply Chain provides companies…