Reliance New Energy Solar Ltd (RNESL), a wholly owned subsidiary of Reliance Industries Ltd (RIL), has announced acquisition of 100% shareholding of REC Solar Holdings AS (REC Group) from China National Bluestar (Group) Co Ltd., for an Enterprise Value of USD 771 million. REC is headquartered in Norway and has its operational headquarters in Singapore…
Reliance New Energy Solar Limited, a wholly owned subsidiary of Reliance Industries Limited, announced it has agreed to acquire 40 per cent stake in Sterling & Wilson Solar Limited. According to the company’s exchange filing, “Reliance New Energy Solar Limited (RNESL), a wholly-owned subsidiary of the Company, today executed definitive agreements with Shapoorji Pallonji and…
Route Mobile (UK) Limited, a wholly owned subsidiary of Route Mobile Limited (Route Mobile), a cloud communications platform service provider, has signed definitive agreements to acquire Masivian S.A.S (Masiv), a cloud communication platform service provider catering to enterprises in Latin America (LatAm). The acquisition is aligned to Route Mobile’s global growth strategy to be a…
Global investment firm Blackstone announced that funds managed by Blackstone Capital Partners have signed a definitive agreement with EQT VII fund (EQT Private Equity) and KHF to acquire a majority stake in VFS Global. EQT Private Equity will remain indirectly invested in the Company with a minority position alongside Blackstone. Blackstone, as majority shareholder, and…
Chubb Limited announced a definitive agreement to acquire the life and non-life insurance companies that house the personal accident, supplemental health and life insurance business of Cigna in seven Asia-Pacific markets for $5.75 billion. The operations to be acquired include Cigna’s A&H and life business in Korea, Taiwan, New Zealand, Thailand, Hong Kong and Indonesia and its interest in a joint…
Microsoft has acquired Ally.io, a OKR (objectives and key results) company. Ally.io will join the Microsoft Viva family as part of our employee experience platform (EXP) designed to help companies embrace the new digital work life. The company said in a statement, “The OKR category is a fast-growing and emerging space. Ally.io is leading the…
Instacart, the online grocery platform in North America, has announced its acquisition of FoodStorm, a SaaS order management system (OMS) that powers end-to-end order-ahead and catering experiences for grocery retailers. With this acquisition, Instacart is expanding its enterprise technology portfolio to further support its retail partners’ ecommerce needs, investing in more innovative technology solutions. “As…
Unispace, a global workplace construction, design and strategy company, announced the acquisition of Downstream, a global experiential design company. Blitzer, Clancy & Company advised Unispace in the acquisition of Downstream and the terms of the agreement were not disclosed. “Work is no longer just a place; the focus is experience. Downstream’s team and focus enhance our ability…
24-7 Intouch has announced that it has acquired Goodbay Technologies, a provider of digital business process outsourcing services. The acquisition includes additional on-campus and work-from-home capabilities for 24-7 Intouch in India, the Philippines, and Jamaica, as well as offices in Austin, Texas. “Our new acquisition is an exciting opportunity to strengthen our core digital offerings…
1-800 Contacts, Inc. has announced the acquisition of Ditto Technologies, Inc., a virtual eyewear try-on technology company. The company said in a statement, “For the last several years, 1-800 Contacts’ affiliate Premium Vision has partnered with corporate clients to offer sourcing, fulfillment, e-commerce and telemedicine services. In 2019, 1-800 Contacts acquired 6over6 Vision, Ltd., a revolutionary technology…
America’s dairy technology, services, and intelligence provider, Dairy.com, has made its first investment in India with the acquisition of Mr.Milkman, India’s last-mile dairy supply chain SaaS platform. The company has acquired a 100% stake in Mr.Milkman to strengthen its integrated supply chain solution offerings for dairies worldwide. The two companies will use their combined agribusiness…
Databricks, the Data and AI company, has announced the acquisition of a cutting-edge German startup, 8080 Labs. 8080 Labs is the maker of bamboolib, UI-based data science tool that enables data exploration and transformation with a matter of clicks, not code. According to a statement, the new UI-driven capabilities will be integrated across Databricks’ Lakehouse…
Accenture has acquired Advoco, one of the largest systems integrators for Infor EAM, a SaaS suite for enterprise asset management (EAM). Financial terms of the deal were not disclosed. The acquisition expands Accenture’s capabilities to help clients in the consumer goods & services, industrial, life sciences, transit and other industries make their operations and supply chains safer,…
Sun Life Financial Inc., through its U.S. business, has entered into a definitive agreement to acquire DentaQuest, for US$2.475 billion. Headquartered in Boston and founded in 2001, DentaQuest is a provider of Medicaid dental benefits in the U.S. with Medicare Advantage, commercial and U.S. Affordable Care Act (ACA) exchange businesses. Upon close of the transaction,…
Solar power developer Adani Green Energy (AGEL) announced that it has completed the acquisition of SB Energy Holdings Ltd (SB Energy India). With this deal, SB Energy India is now a 100% subsidiary of AGEL. Earlier, it was a 80:20 joint venture between Japan-based SoftBank Group Corp and Bharti Group. The transaction pegs SB Energy…