Page 14 - Acquisition

Persistent Systems to acquire SCI, Shree Infosoft for $60 million

IT firm Persistent Systems on Wednesday said its US subsidiary will acquire North Carolina-based Software Corporation International (SCI) and its affiliate, Fusion360 for $53 million

Whirlpool to acquire additional 38% stake in Elica PB India for $57 mn

Consumer durables maker Whirlpool of India Ltd on Monday said it has inked a pact to acquire an additional 38 per cent stake in Elica PB India for $57 million (around Rs 420 crore)

Acquisition, portfolio expansion to aid revenue growth for Mphasis

Near-term returns may be muted given the sharp run in stock price

Google to spend $2.1 billion on Manhattan campus acquisition

Google to spend $2.1 billion on Manhattan campus acquisition. Google is planning to buy St. John's Terminal in New York City for $2.1 billion, making it the anchor of its Hudson Square campus

Lincoln Pharma acquires plant for making pneumonia, bronchitis antibiotics

The acquisition along with capacity expansion and modernisation entails an investment of Rs 30 crore which Lincoln Pharma will fund through internal accruals

PE major Advent International buys majority stake in Eureka Forbes

Signs deal with SP Group at Rs 4.4K-crore valuation

Notion acquires Automate.io; gets its first engineering hub in India

With platform partners like Zapier and IFTTT, and with the launch of the Notion API earlier this year, Notion has expanded access to thousands of integrations for every kind of Notion user and the tea

SPAC mergers are here to stay, says Gaurav Burman, scion of Dabur family

There are 578 active special purpose acquisition companies, with a combined capital of about $172 billion

Nazara Technologies acquires OpenPlay for Rs 186.4 crore

Nazara Technologies on Friday said it has acquired Hyderabad-based OpenPlay for Rs 186.41 crore

Samsung to invest $206 billion by 2023 for post-pandemic growth

Samsung Electronics, the world's largest memory chip maker, said the group plans to solidify technology and market leadership through mergers and acquisitions

Serum Institute picks up 50% in glass vial maker Schott's Indian JV

Deal value not disclosed; former co-promoters Kaisha exits JV

JetSynthesys acquires top e-sports firm Skyesports for undisclosed sum

The acquisition will strengthen Skyesports' pan-India proliferation and also sets the stage for its expansion from India to South Asia

Tata Sons' arm Panatone Finvest acquires 8% stake in Tejas Networks

The shares were bought at an average price of Rs 258, aggregating the transaction size to Rs 193.5 crore

Allcargo picks up 65% stake in Swedish logistics major Nordicon for $29 mn

The promoters of the Nordicon Group will own the balance 35 per cent and will continue to lead the company as a joint venture

Sterlite Tech to acquire UK-based network integration firm Clearcomm Group

Broadband technology company Sterlite Technologies on Thursday said it will acquire Clearcomm Group, a leading Network Integration company in UK, to further globalise its system integration business

With an eye on online shoppers. YouTube buys social commerce startup simsim

The simsim app serves as a platform to connect local businesses, influencers and customers. The company had raised $16 million in 2020

Stonebridge raises $200 mn to deploy in Indian, APAC cos; lists on Nasdaq

Stonebridge Acquisition Corporation (SBAC), on Monday announced to have raised USD 200 million or Rs 1,400 crore from global investors for investing into Indian companies.

Rossari to acquire Tristar Intermediates at enterprise value of Rs 120 cr

Rossari Biotech Ltd, a speciality chemicals manufacturer, on Sunday announced the acquisition of Tristar Intermediates at an enterprise value of Rs 120 crore. The board of the company has approved the acquisition of Tristar Intermediates, a move which will help Rossari Biotech expand its product portfolio, primarily in the personal care segment, a joint statement said. As per the agreement and subject to customary closing conditions, Rossari will be acquiring 100 per cent equity share capital of Tristar Intermediates, it added. "76 per cent of the equity share capital will be acquired upon closure of the transaction, and the balance 24% over the next three years. The total enterprise value of the transaction is Rs 120 crore," it said. Rossari plans to fund the investment through cash on the balance sheet and doesn't intend to raise any debt for this acquisition. Established in 1998, Tristar Intermediates operates in the field of Preservatives, Aroma Chemicals, and Home & Personal

Tumblr's parent company buys popular podcast app Pocket Casts

The co-founders, Russell Ivanovic and Philip Simpson, will remain in charge of the Pocket Casts team

Chip-maker Intel in 'talks' to acquire GlobalFoundries for $30 bn: Report

Chip-maker Intel is reportedly exploring a deal to acquire GlobalFoundries, a semiconductor company its rival AMD spun off a decade ago, for nearly $30 billion