MediaTek, a Taiwan-based global fabless semiconductor company, has acquired Intel Enpirion power management chip product line-related assets, via its subsidiary Richtek, for about $85 million, as per media reports. Post acquisition, MediaTek aims to expand its product line to offer integrated power solutions used in FPGA, SoC, CPU, and ASIC for the enterprise-level system applications.…
The Flipkart Group announced the acquisition of Scapic, an Augmented Reality company, to enhance its immersive shopping experience capabilities. Founded in 2016 by Ajay Ponna Venkatesh and Sai Krishna V K, Scapic is a cloud-based platform which enables creation and publishing of Augmented Reality (AR) and 3D content, currently serving clients across e-commerce and marketing. …
IBM announced it has reached a definitive agreement to acquire TruQua Enterprises, LLC, an IT services and consulting SAP development partner that specializes in delivering finance and analytics solutions to Fortune 500 companies. Financial details of the deal were not disclosed. This acquisition enhances IBM’s expertise in migrating financial platforms to SAP to help businesses…
Tata Consultancy Services, a global IT services, consulting and business solutions organisation, and Prudential Financial, Inc. (PFI), a financial wellness leader and premier active global investment manager, announced that they are entering into an agreement that will see TCS acquire the staff and select assets of Pramerica Systems Ireland Ltd. (Pramerica), PFI’s subsidiary based in…
EPL Limited (formerly known as Essel Propack Limited), the world’s largest specialty packaging company, announced that its Board of Directors have approved the acquisition of Creative Stylo Packs Pvt. Ltd. in a part-cash and part-stock transaction. Creative Stylo Packs Pvt. Ltd. is an established manufacturer of corrugated boxes, laminated tubes, plastic co-ex tubes and caps-primarily…
Gabbardeals, an omnichannel mobile phone retail brand, announced that it has acquired InstaOne Software, a Software as a Service (SaaS) company providing retail and distribution solutions. Financial details of the deal remain undisclosed. The acquisition will allow Gabbardeals to build a full stack of Point of Sale systems to better last-mile connectivity and deliver consumer…
Spotify Technology, the world’s most popular audio streaming subscription service, announced that the company has entered into a definitive agreement to acquire Megaphone, one of the world’s most innovative podcast advertising and publishing platforms. Together, Spotify and Megaphone will help advertisers and podcast publishers realize the full potential of podcasts. The two companies will achieve…
Tata Consultancy Services, a global IT services, consulting and business solutions organization, and Deutsche Bank AG have announced an agreement under which TCS will acquire 100% of the shares of Postbank Systems AG (PBS) from Deutsche Bank AG. PBS is the full-range captive IT service provider that provides project management, application management and infrastructure support…
Aurobindo Pharma announced that it has entered into a share purchase agreement to acquire 100% equity share capital of MViyeS Pharma Ventures Private Limited (MViyeS). The acquisition was completed on November 6, 2020, the company said in its press release. Before acquisition, MViyeS was holding 32.18% shareholding in Eugia Pharma Specialities Limited, a joint venture…
PAS Global, the OT Integrity company that delivers software solutions that prevent, detect, & remediate cyber threats, announced that it has agreed to be acquired by Hexagon AB (Hexagon), a global leader in sensor, software, and autonomous solutions. With the combination of PAS and Hexagon, customers will benefit from a comprehensive software portfolio to manage…
Adani Gas Ltd has signed a definitive agreement for acquisition of 3 Geographical Areas namely Ludhiana, Jalandhar and Kutch (East). All 3 GAs have high volumes potential in terms of demand of over 6.5 MMSCMD over a period of 10 years. These GA’s are under Phase 1 of Bharat Mala Pariyojana by NHAI which will…
ACG, a leading supplier of integrated pharmaceutical manufacturing solutions announced acquisition of a significant stake in Mumbai-based start-up IQGEN-X. The funds so infused by ACG will be utilized for setting up a cGMP facility and also the development & filing of new ANDAs. The move sees ACG expanding further into the R&D side of drug…
Manipal Hospitals announced it has entered into a definitive agreement to acquire Columbia Asia Hospitals. As per the media reports, the US-based hospital chain Columbia Asia has been acquired for Rs 2,000 crore. Post acquisition, Manipal Hospitals will have over 7,300 beds across 15 cities, over 4,000-doctors and 10,000 employees, making it the second largest…
AMD and Xilinx announced they have entered into a definitive agreement for AMD to acquire Xilinx in an all-stock transaction valued at $35 billion. “The combination will create the industry’s leading high performance computing company, significantly expanding the breadth of AMD’s product portfolio and customer set across diverse growth markets where Xilinx is an established…
Inspire Brands and Dunkin’ Brands, parent company of Dunkin’ and Baskin-Robbins, announced that they have entered into a definitive merger agreement under which Inspire will acquire Dunkin’ Brands. Post acquisition, Dunkin’ and Baskin-Robbins will be operated as distinct brands within Inspire. “Inspire to acquire Dunkin’ Brands for $106.50 per share in cash in a transaction…