Page 13 - Acquisition

Ananth Narayanan-led Mensa Brands acquires home decor label Folkulture

Deal value undisclosed; Folkulture retails largely on Amazon in North America and UK; is recognised for unique and elegant crafts, designed to embellish modern homes with a hint of bohemian culture

Tech Mahindra pays $62 mn cash to buy WFH solutions firm Activus Connect

The acquisition will bolster Tech Mahindra's capabilities in emerging workplace solutions and strengthen the end-to-end CX portfolio, Tech Mahindra said in a statement

Near-term growth trajectory to remain strong as Wipro banks on large deals

Despite cost pressures, margins expected to sustain on operating leverage

Manipal Hospitals in advanced talks to acquire AMRI for Rs 1,100 crore

Source says clarity on deal finalisation by mid-December; AMRI has four hospitals in Kolkata, one in Bhubaneswar

Ipca Labs' board approves acquisition of over 26% stake in Lyka Labs

Lyka Labs is engaged in the manufacturing and marketing of injectables, lyophilized injectables and topical formulations

Chennai-based UDS buys majority stake in global sales enablement co Denave

Deal value not disclosed; PwC was financial advisor for the transaction

In talks with MNCs pharma cos for acquisition of brands: Bafna pharma

Pharmaceuticals formulations major Bafna Pharmaceuticals Ltd was in advanced stage of discussion with some multi-national pharma companies for acquisitions of brands, a company official said.

Hindalco Industries acquires Ryker Base for enterprise value of Rs 323 cr

Deal will strengthen Hindalco's copper rod capacity by providing a time-to-market edge, allowing it to cater to the growing demand from electrical and electronics sectors

Zendesk to acquire SurveyMonkey owner for $4 bn in all-stock deal

Terms of the deal provide for Momentive stockholders to receive 0.225 shares of Zendesk stock for each share of Momentive stock

CG Foods to acquire Gallina Blanca's Russia and CIS businesses

CG Foods, maker of popular noodles Wai Wai, on Tuesday said it has signed a deal to acquire the Russia and CIS businesses of Spain-based GBfoods. The financial details of the transaction were not disclosed. A binding agreement has been signed with GBfoods, said a statement from CG Foods, part of the Nepal-based CG Corp. "GBfoods' business in Russia/CIS, under Gallina Blanca brand, is expected to change its ownership from GBfoods to CG Foods, owned by CG Corp Global, within the coming weeks," the company said. The acquisition will help CG Foods to grow its foothold in Europe and Commonwealth of Independent States (CIS) regions as well as diversify into culinary products and pastas. "CG Foods will also leverage the existing distribution strength of GBfoods in Russia & CIS to grow its globally renowned noodle brand WAI WAI," it said. GBfoods has a presence in Western Europe, along with Russia and CIS, Baltics and around 30 countries in Africa. CG Corp Global Chairman Binod K ...

Bus ticketing startup Chalo acquires Covid-hit Shuttl in all-cash deal

Chalo and Shuttl have a presence in 33 cities across 12 Indian states including Delhi NCR, Karnataka, Kerala and others

CCI clears Phoenix Parentco's acquisition of Parexel International Corp

Competition Commission of India (CCI) on Monday approved acquisition of Parexel International Corporation by Phoenix Parentco Inc

MaxVIL plans to expand realty biz; looks to add at least 2 projects in FY22

Max group firm Max Ventures and Industries Ltd (MaxVIL) is looking to acquire at least two land parcels, outright or through joint ventures

MM Forgings acquires crankshaft supplier CAFOMA Autoparts for Rs 33 crore

Auto components maker MM Forgings Ltd (MMF) on Saturday said it has acquired one of the large independent suppliers of machined crankshafts CAFOMA Autoparts

Metropolis Healthcare board approves acquisition of Hitech Diagnostic

Metropolis Healthcare said its board approved the acquisition of Hitech Diagnostic Centre and its arm Centralab Healthcare Services in a combination of cash and equity shares deal.

Unacademy-backed Graphy acquires edtech platform Spayee for $25 mn

Post acquisition, Spayee will continue to operate independently; it allows content creators to produce customised courses in audio and video, PDF documents, quizzes, assignments and live classes

Good Glamm Group acquires D2C brand The Moms Co for around Rs 500 cr

The Moms Co to continue as an independent entity. Over past four years, the brand has catered to two million customers across 20,000 pin codes in India

Tech Mahindra to acquire Beris Consulting for around Rs 60 crore

IT company Tech Mahindra will acquire IT consultancy service provider Beris Consulting Gmbh for 7 million euros or about Rs 60 cr through its German subsidiary, the company said in a regulatory filing

Emami eyes entry into new segments via acquisitions, investment in startups

Firm began investing in startups over three years back ago when it bet on Helios Lifestyle; it has also invested in personal care company Brillare

Merck to buy Acceleron Pharma in deal valued at $11.5 billion

Acceleron shareholders will get $180 a share in cash, the companies said in a statement.