Tech Mahindra announced the acquisition of 100% stake in Allyis India Private Limited and Green Investments LLC. According to the company’s exchange filing, “we wish to inform that the Company approved the proposal to acquire 100% equity shares in Allyis India Private Limited and the Company’s wholly owned subsidiary viz., Tech Mahindra (Americas) Inc. approved…
Mahindra & Mahindra Limited announced the acquisition of 31.2% equity share in ReNew Sunlight Energy Private Limited (RSEPL) for Rs 16.07 crores. According to the company’s exchange filing, “We refer to our letter dated 6th July, 2021, informing that the Company had entered into a Share Subscription and Shareholders’ Agreement (“SSSHA”) with ReNew Sunlight Energy…
Sterlite Power Transmission Limited (Sterlite Power), a private sector power transmission infrastructure developer and solutions provider, announced the acquisition of Nangalbibra ─ Bongaigaon Transmission Limited, a Special Purpose Vehicle (SPV) from PFC Consulting Limited. Through this SPV, the Company will execute the inter-state transmission system (ISTS) project which it won through tariff-based competitive bidding (TBCB) in October…
Meghmani Organics Limited (MOL) announced that it has completed an acquisition of Kilburn Chemicals Limited (KCL). MOL paid INR 132 Crores (including INR 12.15 Crores towards equity subscription) as per the National Company Law Tribunal (NCLT) approved resolution plan dated 16th December 2021. Thus, the Company has diversified its Pigment Division’s product offering with Kilburn…
Automation Anywhere, a global leader in robotic process automation (RPA), announced that it has entered into a definitive agreement to acquire FortressIQ, a process discovery and mining company based in San Francisco. Combining FortressIQ with Automation Anywhere will usher in a new era of intelligent automation by enabling organizations to accelerate automation initiatives and transform in…
Renu Electronics has announced the acquisition of Phoenix Contact HMI IPC Technology GmbH to form Renu Electronics GmbH. This will be a 100% owned subsidiary in Germany. Renu Electronics now gets to add 50 more members to its increasing base of manufacturing and engineering capabilities in Europe. Phoenix Contact and Renu Electronics have been working together…
Oracle Corporation and Cerner Corporation jointly announced an agreement for Oracle to acquire Cerner through an all-cash tender offer for $95.00 per share, or approximately $28.3 billion in equity value. Cerner is a provider of digital information systems used within hospitals and health systems to enable medical professionals to deliver better healthcare to individual patients and communities. “Working together, Cerner…
Wipro Limited, a global information technology, consulting and business process services company, announced it has signed an agreement to acquire Austin, Texas headquartered Edgile, a transformational cybersecurity consulting provider that focuses on risk and compliance, information and cloud security, and digital identity. Together, Wipro and Edgile will develop Wipro CyberTransform, an integrated suite that will…
HLE Glascoat Limited (HLE), a manufacturer of process equipment for the chemical and pharmaceutical industries, announced that it has successfully completed the transaction to acquire the global business of Thaletec GmbH (Thaletec), along with its wholly owned subsidiary Thaletec Inc., USA, after receiving all necessary regulatory approvals. Pursuant to the acquisition, Thaletec is now a…
Accenture has acquired Zestgroup, a services firm specializing in energy transitions. Terms of the transaction were not disclosed. Zestgroup brings deep industry knowledge, project expertise and market regulation experience into helping organizations move to net-zero. These capabilities enhance Accenture’s ability to build more trusted, circular and net-zero value chains while driving social and economic benefits for all stakeholders. “By combining years…
SeQuent Scientific Limited (SeQuent), having businesses in animal health sector through its principal operating company “Alivira Animal Health Ltd.”, announced it has signed a definitive agreement to acquire 100% stake in Nourrie Saúde e Nutrição Animal Ltda (Nourrie) in Brazil. In line with its stated strategy for Sequent 2.0, this acquisition marks Alivira’s foray into…
Accenture has announced its intent to acquire AFD.TECH, an independent network services company specializing in network engineering, operations and business services. Financial terms of the transaction are not being disclosed. This acquisition would add more than 1,600 highly skilled professionals to Accenture globally, along with multidisciplinary capabilities across engineering, design, deployment, and operation of next generation networks,…
Wipro Limited, a global information technology, consulting and business process services company, announced that it has signed an agreement to acquire LeanSwift Solutions, a Florida, US headquartered system integrator of Infor Products whose service capabilities include ERP, e-commerce, digital transformation, supply chain, warehouse management systems, business intelligence and integrations. LeanSwift has development offices across US, Sweden and…
Private equity firm Kedaara announced the acquisition of a significant majority stake in GAVS Technologies Limited (GAVS), an AI-led digital transformation company that focuses on differentiated managed services and product engineering in Healthcare, Retail, BFSI and other verticals. GAVS has grown its revenue at a stellar rate of 20%+ over the last five years (10x+…
NIKE, Inc. announced the acquisition of RTFKT, a brand that delivers next generation collectibles that merge culture and gaming. Financial terms of the deal were not disclosed. “This acquisition is another step that accelerates Nike’s digital transformation and allows us to serve athletes and creators at the intersection of sport, creativity, gaming and culture,” says John…