Tag: Acquisitions

ArcelorMittal Nippon Steel completes acquisition of Hazira power plant

ArcelorMittal Nippon Steel or AM/NS, a joint venture between ArcelorMittal and Nippon Steel recently announced that it has completed the acquisition of Bhander Power Plant in Hazira, Gujarat from Edelweiss Asset Reconstruction Company. Bhander, a natural gas-based thermal plant with an installed capacity of 500 megawatt (Mw), will remain captive to AM/NS India’s steel manufacturing…

Allcargo Logistics set to acquire controlling stake in Gati

Allcargo Logistics, a logistics firm handling global multimodal transport operations, pan India container freight stations, inland container depots, third-party logistics, warehousing, contract logistics and logistics parks, announced that it is set to emerge as a controlling stakeholder in Gati, as it has received SEBI approval on its open offer to acquire approximately 3.17 crore shares…

Liqui-box completes acquisition of DS Smith Plastics

Olympus Partners portfolio company Liqui-box, recently announced that it has completed the acquisition of DS Smith Plc’s Plastics Division. The acquired division includes both rigid and flexible packaging businesses. The combined companies will have 35 manufacturing facilities and a global workforce of nearly 3,000 employees. Post the acquisition, DS Smith’s flexible packaging and global dispenser…

Tech Mahindra to acquire US-based Zen3 Infosolutions

Indian tech company, Tech Mahindra recently announced that it has signed an agreement to acquire a 100% stake in US-based Zen3 Infosolutions for $64mn (approx ₹460Cr) in an all-cash deal. With headquarters in Seattle, Zen3 has offices in Dublin, Hyderabad, Visakhapatnam, and Bengaluru with over 1,300 employees. Talking to the Press Trust of India, Vivek…

PepsiCo acquires Chinese snack brand Be & Cheery

Global food and beverage giant PepsiCo Inc recently agreed to buy Chinese snack brand Be & Cheery from local jujube maker Haoxiangni Health Food Co Ltd. According to the company, the acquisition will cost PepsiCo about $705mn. PepsiCo said that the company plans to become China’s leading consumer-focused food and beverage company post the acquisition.…

NestAway acquires apartment management platform ApnaComplex

Home rental startup NestAway recently announced that it has acquired the apartment management platform ApnaComplex. The acquisition is a part of NextAway’s strategy to expand its property management business. Monetary details about the deal have not been disclosed yet. According to a Mint report, NestAway plans to use the acquisition to expand its home services…

NoBroker acquires society management platform Society Connect

Customer-to-customer real estate portal, NoBroker recently announced that it has acquired society management platform Society Connect in an all-cash deal. With the acquisition, NoBroker further aims to strengthen its hold in the visitor and community management space where it already has a strong presence with its application NoBrokerHood. The acquisition follows the launch of NoBroker’s…