Murugappa Group led Tube Investments will be investing Rs 700 crore to acquire 51% stake in CG Power and Industrial Solutions, as per the media reports. The transaction is subject to Tube Investment emerging winner of the Swiss challenge process that the lenders of CG Power will undertake by August 28. This process allows other…
Actis, a leading investor of private capital into global emerging markets, announced that its Actis Long Life Infrastructure Fund (ALLIF) has completed the acquisition of two solar projects in India totalling 400MW from Acme Solar Holdings Ltd. These projects are located in the Indian states of Andhra Pradesh and Madhya Pradesh respectively. Actis is a…
Main Street, the leading provider of data-driven print services to community financial institutions across the US, announced the acquisition of Onovative, an automated marketing technology software provider based in Louisville, Kentucky, US. The purchase of Onovative further enhances Main Street’s marketing services solutions. Onovative’s automated marketing platform enables banks and credit unions the ability to…
Cisco announced that it has completed the acquisition of ThousandEyes. ThousandEyes’ internet and cloud intelligence platform expands visibility and insights into the digital delivery of applications and services over the internet and the cloud. ThousandEyes enables organizations to visualize any network as if it was their own, quickly surface actionable insights, and collaborate and solve…
Think and Learn, which owns and operates education technology platform Byju’s – The Learning App, announced that it has acquired Mumbai-based WhiteHat Jr in a $300 million all-cash transaction. Founded in 2018 by Karan Bajaj, WhiteHat Jr is a Live online 1:1 platform that connects kids age 5-12 to top early childhood coding teachers. WhiteHat…
MyGlamm, a Mumbai-based direct-to-consumer brand of award winning European beauty products, announced that it has acquired women-focused content and influencer business POPxo. Financial details of the transaction were not disclosed. Priyanka Gill, founder of POPxo, will join MyGlamm’s board and will be designated cofounder of the combined entity. The deal is expected to reduce MyGlamm’s…
Johnson Controls announced that it has acquired the remaining stake of Qolsys Inc., a leading residential and commercial security and smart-home manufacturer, after owning a majority since 2014. Qolsys enhances Johnson Controls global innovation platform delivering next generation security and smart building solutions. Post acquisition, the Qolsys founders and leadership team will remain in Silicon…
Smiths Detection, a global leader in detection and screening technologies, announced that it has completed the acquisition of PathSensors, a leading bio-technology solutions and environmental-testing company, based in Baltimore, MD, USA. The acquisition strengthens Smiths Detection’s biological-detection capabilities to detect pathogens for broad end-market applications, including in food and agriculture safety. “We are pleased to…
Siemens Healthineers AG and Varian Medical Systems announced that they have entered into an agreement, pursuant to which Siemens Healthineers shall acquire all shares of Varian for USD 177.50 per share in cash. This corresponds to a purchase price of approximately USD 16.4 billion, according to the Siemens’ press statement. Varian’s Board of Directors unanimously…
Mitratech, a global provider of legal and compliance software, announced its acquisition of Tracker Corp, the foremost provider of SaaS I-9, E-Verify, and immigration management solutions. “This will uniquely equip Mitratech to help organizations overcome the challenges of increased government scrutiny, remote workforces, inefficient immigration management, and painful and costly manual staffing processes,” the Company…
3Cloud, a Microsoft Azure services firm, announced that it has acquired Applied Cloud Systems, an award-winning Microsoft consultancy that helps customers adopt and leverage Microsoft cloud technologies. “3Cloud was founded with the mission to deliver the ultimate Azure experience for our clients and the vision to be the leading Microsoft Azure partner. Our acquisition of…
IntelliMedia Networks, a provider of streaming media distribution and immersive training technology, announced that it has acquired GlobalMLX, a Canadian supply-chain security training and certification consulting firm for an undisclosed amount. GlobalMLX is a US Homeland Security recognized consultant providing industry-leading anti-terrorism supply-chain training and certification for cargo transport to the United States. “This acquisition…
Cognizant announced it has entered into an agreement to acquire New Signature, one of the world’s largest independent Microsoft public cloud transformation specialists. The transaction is expected to close in the third quarter of 2020, subject to regulatory clearance and other closing conditions. Financial details were not disclosed. The acquisition of New Signature expands Cognizant’s…
Industry Dive, a business journalism company, and NewsCred, an enterprise content marketing technology, announced that Industry Dive will acquire NewsCred’s Content Marketing studio and services business including assets, people and clients. NewsCred will retain its software products. The acquisition augments Industry Dive’s in-depth market expertise, first-party audience insights, and unparalleled distribution through its portfolio of…
Credera, a consulting firm focused on strategy, transformation, data, and technology, announced it has acquired a majority stake in London-based DMW Group to expand its consulting and digital transformation capabilities into Europe. Credera is part of Omnicom Precision Marketing Group, the digital and customer relationship management specialist practice area within Omnicom Group Inc. DMW is…