Lummus Technology, a global leader in the development and implementation of process technologies that make modern life possible, announced that Haldia Petrochemicals Limited, the flagship company of The Chatterjee Group (TCG), and investment funds affiliated with Rhône Capital have successfully completed the joint acquisition of Lummus from McDermott International. According to the terms of the…
Tosca, an innovator in reusable packaging and supply chain solutions, announced that it has agreed to acquire Contraload NV, a leader in plastic pallet pooling in the United Kingdom and European Union. The acquisition of Contraload will expand Tosca’s geographic reach and increase its product portfolio. The combined company will offer customers a stronger value…
GetMyUni, a Times Internet-backed ed-tech start-up revolutionizing the college admissions space in India, announced that it has acquired online learning startup Avagmah from AEON Learning in an all-cash deal on June 18, 2020, according to a YourStory report. Post acquisition, GetMyUni will be using its existing distribution of a 40 million annual user base and…
Hindustan Unilever Limited (HUL), India’s largest fast-moving consumer goods company, announced that it has completed the acquisition of intimate hygiene brand VWash from Glenmark Pharmaceuticals Ltd. This acquisition was announced on March 23, 2020 and was subject to certain closing conditions, which have now been fulfilled, the Company said in their press statement. Launched in 2013…
CloudEngage, the world’s most intuitive web personalization platform, announced the acquisition of AnswerDash, a leading provider of AI powered self-service support and ecommerce solutions. “We saw a terrific fit here,” said Paul Wagner, CloudEngage CEO. “Our platform provides rich customer data insights and real-time personalization across multiple channels. AnswerDash has a proven track record of…
CyberX, the IoT/OT security company, announced that it is being acquired by Microsoft. “By integrating the CyberX platform with the Azure IoT stack, Azure Security Center for IoT, and Azure Sentinel, the first SIEM with native IoT support, Microsoft will now provide a simpler approach to unified security governance across both IT and industrial networks,…
Mastercard announced that it has entered into an agreement to acquire Finicity, a leading North American provider of real-time access to financial data and insights. The purchase price is $825 million, and Finicity’s existing shareholders have the potential for an earn-out of up to an additional $160 million, if performance targets are met, the Company…
Piramal Enterprises Limited’s (PEL) Pharma Solutions business, a leading Contract Development and Manufacturing Organization (CDMO), announced that the Company has entered into an agreement with G&W Laboratories Inc. to acquire its solid oral dosage drug product manufacturing facility located in Sellersville, Pennsylvania. According to the terms of the agreement, PEL, through one of its Affiliates,…
Dormer Pramet, a division within Sandvik Machining Solutions, announced that it has reached an agreement to acquire the entire business of the Indian company Miranda Tools, comprising manufacture of High Speed Steel and solid carbide round tools. “The acquisition is aligned with Sandvik Machining Solutions’ focus on strengthening our round tools offer whilst also adding…
Bharti Airtel, India’s largest integrated telco, announced that it has acquired a strategic stake in Edtech startup Lattu Media Pvt Ltd as part of the Airtel Startup Accelerator Program. Mumbai-based Lattu Kids specializes in digital learning tools for children. Its highly popular Lattu Kids app focuses on improving English vocabulary, English reading and Maths skills…
InCred, a new-age financial services group that leverages technology and data-science to make lending quick and easy, announced that it has acquired fintech platform Qbera, according to an ETtech report. The acquisition will help InCred increase its distribution reach while also leveraging Qbera’s existing partnerships to co-originate loans and expand its portfolio of consumer loans,…
IBM, an IT technology and consulting firm providing computer hardware, software, and infrastructure and hosting services, announced that it has signed a definitive agreement to acquire Spanugo, a US-based provider of cloud cybersecurity posture management solutions. The company said that the addition of Spanugo software will help accelerate the availability of a security control center…
Sinch AB, a global leader in cloud communications for mobile customer engagement, announced that it has entered into a definitive agreement to acquire ACL Mobile Limited for a total cash consideration of Rs 5,350 million. Founded in 2000, ACL Mobile is a leading provider of cloud communications services in India and Southeast Asia. Its platform…
Naari Pharma Private Limited, a Bengaluru-based vertically integrated women’s health pharma business focused on hormones, announced that it has entered into a definitive asset purchase agreement to acquire 10 Abbreviated New Drug Applications (ANDAs) for the U.S. market from Intas Pharmaceuticals Ltd. The portfolio acquired comprises eight U.S. FDA approved ANDAs and two products pending…
Menarini Group, a privately held Italian pharmaceutical and diagnostics company, announced that is has successfully completed the acquisition of Stemline Therapeutics Inc., a commercial-stage biopharmaceutical company focused on the development and commercialization of novel oncology therapeutics, for an aggregate cash consideration up to $677 million on a fully diluted basis. The company said that the…