Newgen Software Technologies Limited (Newgen) announced it has acquired Number Theory Software Private Limited, an AI/ML data science platform Company. Post acquisition, Number Theory will become a wholly owned subsidiary of the company. According to the company’s exchange filing, “the Board of Directors of the Company at its meeting held today has approved the acquisition…
Nazara Technologies Limited, an India based, diversified gaming and sports media company, announced that it has entered an agreement to acquire a 55% stake in programmatic advertising and monetization company Datawrkz. Nazara will acquire a 33% stake (INR 60 crores payable of which INR 35 crores is partly payable in cash and the balance consideration…
Tech Mahindra, a provider of digital transformation, consulting, and business re-engineering services & solutions, announced 100% acquisition of Com Tec Co IT Ltd (CTC) for €310 million including earnouts and synergy linked payouts. CTC is an IT solutions and service provider serving the insurance and financial services industries with development centres in Latvia and Belarus.…
HCL Technologies (HCL), a global technology company, signed a definitive agreement for the acquisition of Starschema, a provider of data engineering services, based in Budapest, Hungary. The strategic acquisition will bolster HCL’s capability in digital engineering — driven by data engineering — and increase its presence in Central and Eastern Europe, the statement said. Starschema…
Truecaller, the global platform for verifying contacts and blocking unwanted communications, announced it has entered into an agreement to acquire the Israeli company CallHero. CallHero has developed a unique technical solution for both Android and iPhone, with an AI-enabled assistant. CallHero’s assistant can answer calls for you in a natural language, take messages for you…
The Flipkart Group announced the acquisition of Yaantra, an electronics recommerce company, to strengthen its recommerce business and enhance after-sale offerings for its customers in the smartphones segment. Yaantra, incorporated in 2013 by Jayant Jha, Ankit Saraf and Anmol Gupta, is a leading brand that repairs and sells refurbished consumer tech products such as smartphones…
IBM announced it has acquired Envizi, a leading data and analytics software provider for environmental performance management. Financial details of the deal were not disclosed. This acquisition builds on IBM’s growing investments in AI-powered software, including IBM Maximo asset management solutions, IBM Sterling supply chain solutions and IBM Environmental Intelligence Suite, to help organizations create…
SeQuent Scientific Limited (SeQuent), having businesses in animal health sector through its principal operating company “Alivira Animal Health Ltd.” (Alivira), has completed consolidation of its Brazilian operations by increasing its shareholding in Evance Group to 100% for an effective consideration of Rs. 446 million. Since acquisition by Alivira in 2016, Evance Group has grown at…
True North announced the signing of a definitive agreement to sell its entire stake in Actify Data Labs, a greenfield data-driven analytics company, to Voxco, a global omni-channel survey platform. Headquartered in Bengaluru, Actify Data Labs is an augmented intelligence company that delivers rapid business impact using data science and data engineering capabilities. The company…
Takeda Pharmaceutical Company Limited (Takeda) announced the exercise of its option to acquire Adaptate Biotherapeutics (Adaptate), a UK company focused on developing antibody-based therapeutics for the modulation of variable delta 1 (Vδ1) gamma delta (γδ) T cells. Through the acquisition, Takeda will obtain Adaptate’s antibody-based γδ T cell engager platform, including pre-clinical candidate and discovery…
GAIL (India) Limited has acquired equity stake of 26% in ONGC Tripura Power Company (OTPC), which owns and operates a 726.6 MW gas-based combined cycle power plant in Palatana, Tripura. The stake has been acquired from IL&FS Group companies namely, IL&FS Energy Development Company Limited and IL&FS Financial Services Limited. GAIL and IL&FS Group concluded…
Kohler Co. announced the acquisition of Heila Technologies. Heila Technologies will operate as a standalone entity within the Kohler Power Group with Francisco Morocz, General Manager, reporting directly to Brian Melka, Group President – Power. Heila will become part of Kohler’s Power Group – a global leader in engines, power generation and clean energy, the statement said. Heila Technologies was founded…
Wabtec Corporation announced it recently acquired the railway friction business from MASU, a manufacturer of friction products across the automotive and rail industry. The acquisition, which has received necessary regulatory approvals and is subject to customary closing conditions, will expand Wabtec’s installed base and accelerate growth across its brake product portfolio, the statement said. “MASU…
Reliance New Energy Solar Ltd (RNESL), a wholly owned subsidiary of Reliance Industries Ltd., has signed definitive agreements to acquire 100% shareholding in Faradion Limited (Faradion) for an enterprise value of GBP 100 Mn. In addition, RNESL will also invest GBP 25 Mn as growth capital to accelerate commercial roll out, the statement said. Based…
NATCO Pharma Inc. USA, a wholly owned subsidiary of NATCO Pharma Limited (NATCO), has completed the acquisition of Dash Pharmaceuticals LLC (Dash), a New Jersey based entity. Pursuant to this, Dash will become a 100% wholly owned subsidiary of NATCO Pharma Inc. and a step-down subsidiary of NATCO. The acquisition amount paid is US$ 18…