Piramal Enterprises Ltd to sell its healthcare analytics unit Decision Resources Group to US-based Clarivate Analytics Plc for $950 million. The company will get $900 million at the time of closing the deal and the remaining $50 million after one year, it said in a statement. The deal is likely to be completed on or…
National Engineering Industries Ltd (NEI), part of the USD 2.4 billion diversified CK Birla Group, announced the acquisition of Kinex bearings through its wholly owned European subsidiary. Kinex Bearings is an international bearing manufacturer headquartered in Slovakia with an annual turnover of about 60mn Euro. This transaction is in line with NEI’s strategy to augment…
Milliken & Company, a diversified manufacturer with more than a century and a half of materials science expertise, announced that it has signed an agreement to acquire Borchers Group Limited, a global specialty chemicals company known for its innovative high-performance coating additives and specialty catalyst solutions from The Jordan Company, L.P. The acquisition is expected…
Hero Cycles Ltd has acquired a stake in German premium e-bike maker HNF Nicolai. The company’s move is to tap the overseas market. Along with Hero, a German investment trust IBG Beteiligungsgesellschaft Sachsen-Anhalt mbH has also bought the stake in the German e-bike maker. Financial details of the transaction remain undisclosed. In their joint collaboration,…
Visa Inc. has announced that the company has signed a definitive agreement to acquire Plaid, a network that makes it easy for people to securely connect their financial accounts to the apps they use to manage their financial lives. Visa will pay total purchase consideration of $5.3 billion to acquire Plaid. Plaid’s products enable consumers…
Housing Development Finance Corporation(HDFC) said on Thursday that it has completed the purchase of a majority stake in Apollo Munich Health Insurance for ₹1,495.81 crore. The company has acquired 51.16 per cent equity share capital of Apollo Munich Health Insurance Company after receiving approvals from competition commission of India (CCI), Reserve Bank of India and…
KKR, a global investment firm has announced that it has acquired Riata Corporate Park in Austin, Texas, in a deal valued at approximately $258 million. Riata Corporate Park is an eight-building, 688,100 square foot, Class A office campus located in Northwest Austin, Austin’s largest office submarket. The acquisition includes an adjacent land site that is…
Great Wall Motors of China is inching close to acquire General Motors’ manufacturing facility in Maharashtra. A formal agreement over the facility at Talegaon in Pune district is likely to be signed by the end of the month, and General Motors is likely to fetch about $250-300 million from the sale, one of the people…
The Egyptian Competition Authority (ECA) said on Sunday it had approved ride-hailing group Uber’s acquisition of former regional rival Careem after the regulator agreed to a set of commitments proposed by the U.S.-based service. Uber bought Careem for $3.1 billion in March in a deal expected to close in January 2020. Careem will become a…
Adani Logistics Limited , a wholly owned subsidiary of Adani Ports and SEZ Limited, today announced it has signed definitive agreements to acquire 40.25% stake in Snowman Logistics Ltd. from Gateway Distriparks Ltd. The purchase price of INR 44 / share represents a 3.2% premium to the market price of December 27, 2019 and a…
Palo Alto Networks has completed its acquisition of Aporeto Inc., a machine identity-based micro-segmentation company. Post this acquisition Aporeto co-founders Dimitri Stiliadis and Satyam Sinha will join Palo Alto Networks. Nikesh Arora, Chairman, and CEO of Palo Alto Networks said, “We are excited to officially welcome Aporeto to Palo Alto Networks. Aporeto is a great…
Indiavidual Learning Private Limited (“Embibe”), a subsidiary of Reliance Industries Limited (“RIL” or the “Company”) has acquired equity shares of eDreams Edusoft Private Limited (“Funtoot”) for a cash consideration of INR 71,64,35,143/- (Seventy one crore sixty four lakh thirty five thousand one hundred and forty three rupees only) representing 90.5% holding in the equity share…