Zurich Insurance Group subsidiary Farmers Group, Inc. has agreed to acquire MetLife’s property and casualty (P&C) business in the U.S. together with the Farmers Exchanges for USD 3.94 billion. Zurich will contribute USD 2.43 billion through FGI and the Farmers Exchanges’ USD 1.51 billion. The transaction gives the Farmers Exchanges a truly nationwide presence and…
Sony Pictures Entertainment has announced that AT&T has agreed to sell its Crunchyroll anime business to Funimation Global Group, LLC. Funimation is a joint venture between Sony Pictures Entertainment Inc. and Sony Music Entertainment (Japan) Inc.’s subsidiary, Aniplex Inc. Meanwhile Crunchyroll is a premier anime direct-to-consumer service within AT&T’s WarnerMedia segment with more than 3…
Digital Transformation consulting firm for the financial services industry, Synechron has acquired Attra, a technology services and solutions provider, headquartered in Melbourne, and focused on the banking, finance, and payments industries. Attra is one of the pure play payments solutions providers with a global delivery footprint in Australia, New Zealand, North America, Europe, the Middle East,…
Mahindra & Mahindra has announced the acquisition of a stake in Sampo Rosenlew Oy, a manufacturer of combine harvesters and forest machinery with market presence in Europe, CIS and Algeria. Post-acquisition, Mahindra stake in the company will increase from 74.97% to upto 79.13%, the filing said. With this acquisition, Mahindra’s scale in tractors and Sampo’s…
Duff & Phelps, provider of governance, risk and transparency solutions, has announced the acquisition of Blackrock Expert Services Group, an expert advisory specialist firm of construction, technology, accounting and financial services professionals. Blackrock Expert Services Group will join Duff & Phelps’ Disputes Consulting practice. Giles Derry, CEO of the London-headquartered firm, will join the Disputes Consulting leadership…
Moody’s Corporation, a global integrated risk assessment firm that empowers organizations to make better decisions, announced that it has acquired ZM Financial Systems (ZMFS), a leading provider of risk and financial management software for the U.S. banking sector. The transaction advances Moody’s position as a leader in integrated risk assessment by broadening Moody’s Analytics’ suite…
Cisco and IMImobile PLC have reached agreement on the terms of a recommended cash offer pursuant to which Cisco will pay 595 pence per share in exchange for each share of IMImobile, or an aggregate purchase price of approximately USD $730 million assuming fully diluted shares, net of cash and including debt. IMImobile provides software…
Orient Cement, a CK Birla Group firm and one of the fastest growing and leading cement manufacturers in India, said it would acquire 26 per cent stake in AMPSolar Systems for Rs 4.5 crore. AMPSolar Systems was incorporated on May 17, 2020 and is a step-down subsidiary of AMP Energy India Pvt Ltd. AMPSolar Systems…
Deloitte, a provider of industry-leading audit, consulting, tax and advisory services, has agreed to acquire HashedIn Technologies Private Limited, a high-end product development and software engineering firm. This acquisition continues Deloitte’s longstanding and strategic investment in scaling core engineering capabilities to augment its deep business domain knowledge, Deloitte said in its press release. The combination…
Bank of India has amongst other parties entered into a Share Purchase Agreement (SPA) with AXA investment Managers Asia Holdings (AXA IM) on 2 December 2020, whereby Bank of India has agreed to purchase AXA IM’s (a) entire 49% equity shares in BOI AXA Investment Managers (BAIM); and (b) entire 49% equity shares in BOI…
Google announced that it has entered into a definitive agreement to acquire Actifio, a leader in backup and disaster recovery (DR)—offering customers the opportunity to protect virtual copies of data in their native format, manage these copies throughout their entire lifecycle, and use these copies for scenarios like development and test. With this acquisition, Google…
Fermenta Biotech announced that Fermenta Biotech USA, LLC, a wholly owned subsidiary of the Company, has acquired a 52% membership interest in AGD Nutrition, LLC. AGD Nutrition LLC is in the similar line of business as that of the Company and Fermenta Biotech USA, LLC, the exchange filing said. “The main purpose of acquisition is…
Cloud computing services provider, Sinch, has announced that Softbank-owned SB Management has bought a 10.1% stake in the company. Sinch said in a statement it had issued 3.2 million new shares at a subscription price of 1.050 crowns per share, a 6.6% discount to Monday’s closing price, raising about 3.3 billion Swedish crowns ($386 million)…
TVS Motor Company, has acquired Intellicar Telematics, an IoT solutions company. The deal is valued at about Rs. 15 Cr., and is expected to complete by 31st December 2020. The deal is expected to help TVS accelerate it’s ongoing digital initiatives that are targeted at delivering enhanced customer experience. Intellicar was setup in 2015, and…
CG Power and Industrial Solutions said Murugappa Group firm Tube Investments of India Ltd has acquired a controlling stake in it and now holds 50.62 per cent of the company’s paid-up share capital. The company infused Rs 700 crore into the company and appointed directors on its board. According to the stock exchange filing, CG…