Search Results for: acquisition

Rheinmetall Completes Acquisition of Expal Systems, Expanding Ammunition Production Capacity

(IN BRIEF) Rheinmetall AG has completed its acquisition of Expal Systems S.A.U., a renowned ammunition and armament manufacturer, for about €1.2 billion. The takeover enhances Rheinmetall’s position as a key supplier for NATO armed forces, expanding its ammunition production capacity … Read the full press release

BioNTech Solidifies AI Advancements with InstaDeep Acquisition

(IN BRIEF) BioNTech SE has completed the acquisition of InstaDeep Ltd., a prominent AI and ML technology company. The acquisition is part of BioNTech’s strategy to enhance AI-driven drug discovery and develop advanced immunotherapies and vaccines for diseases with significant … Read the full press release

TX Logistik AG to Become Second Largest Freight Operator in Germany with Acquisition of Exploris Group

(IN BRIEF) TX Logistik AG, a subsidiary of FS Italiane Group’s Logistics Business Units, has signed a purchase agreement to acquire Exploris Deutschland Holding GmbH Hamburg, a European rail freight transportation company. This acquisition will make TX Logistik the second … Read the full press release

DNV Assists Actis in Inaugural Acquisition of Japan-Focused Renewables Fund with Due Diligence Expertise

(IN BRIEF) DNV, a global independent energy expert and assurance provider, has provided due diligence services to Actis GP LLP, a sustainable infrastructure investor, for their inaugural acquisition of a new Japan-focused renewables infrastructure fund. Actis acquired HERGO Japan Energy’s … Read the full press release

ORLEN Group Expands Renewable Energy Holdings with Greenvolt Acquisition, Aiming for 9 GW Capacity by 2030

(IN BRIEF) The ORLEN Group, a Polish energy company, is strengthening its renewable energy segment by acquiring two projects from Greenvolt. The projects, located in the Poznań Province, consist of a 22 MW photovoltaic farm and a 26 MW wind … Read the full press release

TotalEnergies Strengthens Renewable Energy Position with Full Acquisition of Total Eren and New Green Hydrogen Partnership

(IN BRIEF) TotalEnergies, a global multi-energy company, has fully acquired Total Eren after a successful strategic alliance of five years. The acquisition increases TotalEnergies’ stake from close to 30% to 100%, integrating Total Eren’s teams within TotalEnergies’ Renewables business unit. … Read the full press release

DHL Group Expands E-commerce Footprint with Acquisition of MNG Kargo in Turkey’s Thriving Market

(IN BRIEF) DHL Group has agreed to acquire 100% of Turkish parcel delivery company MNG Kargo Yurtiçi ve Yurtdışı Taşımacılık A.Ş. (MNG Kargo) and its subsidiaries, aiming to strengthen its position in the rapidly growing Turkish parcel and e-commerce market. … Read the full press release

Aviva Strengthens Retail Insurance Business with Acquisition of Barclays Home Insurance Portfolio

(IN BRIEF) Aviva, the leading home insurer in the UK, has entered into an agreement with Barclays UK to acquire its home insurance portfolio, which consists of 350,000 customers. The acquisition will support Aviva’s growth in the retail insurance business … Read the full press release

Ahlstrom Receives Binding Acquisition Offer for Stenay Plant from Accursia Capital

(IN BRIEF) Ahlstrom, a global leader in sustainable specialty materials, has received a binding offer from Accursia Capital to acquire its Stenay plant in France. The offer comes after Ahlstrom launched a consultation process with employee representatives to potentially divest … Read the full press release

Vattenfall Expands German Solar Development Portfolio with Acquisition of Solizer

(IN BRIEF) Vattenfall, a leading energy company, has acquired Solizer, a German solar developer, as part of its efforts to enable fossil-free living. The acquisition includes an experienced team and a pipeline of large-scale solar projects in Germany, totaling 4 … Read the full press release

Logicor Expands Presence in France with Acquisition of Urban Logistics Development near Paris

(IN BRIEF) Logicor, a leading logistics real estate company in Europe, has acquired an urban logistics development in the west of Paris from Scannell Properties. The undisclosed deal involves a forward funded speculative development of a modern warehouse spanning approximately … Read the full press release

Private Equity Doubles Down on Portfolio Company Acquisitions, Defying European Buyout Slowdown

(IN BRIEF) According to data from CMBOR, Europe’s private equity industry has significantly increased its support for portfolio company buy-and-build acquisitions in the first half of 2023. With 369 acquisitions made, it marks the third-highest figure for H1 on record. … Read the full press release

Thales Expands Avionics Portfolio with $1.1 Billion Acquisition of Cobham Aerospace Communications

(IN BRIEF) Thales has entered into exclusive negotiations to acquire Cobham Aerospace Communications (AeroComms), a leading provider of safety cockpit communication systems, for $1.1 billion. AeroComms operates across multiple countries and is expected to generate approximately $200 million in revenues … Read the full press release

Hexagon Expands Digital Reality Solutions with Acquisition of HARD-LINE for Mine Automation

(IN BRIEF) Hexagon, a global leader in digital reality solutions, has acquired HARD-LINE, a fast-growing company specializing in mine automation and remote-control technology. HARD-LINE’s expertise lies in remote control solutions that enable the tele-remote operation of heavy machinery from secure … Read the full press release

Sika Expands in US Mining Market with Acquisition of Thiessen Team USA

(IN BRIEF) Sika, a global specialty chemicals company, has acquired Thiessen Team USA, a manufacturer of shotcrete and grouting products for the mining industry in the USA. Thiessen serves the Western US mining industry, which plays a crucial role in … Read the full press release

CACEIS Strengthens Position as Leading Asset Servicing Provider with Acquisition of RBC Investor Services’ Operations

(IN BRIEF) CACEIS and Royal Bank of Canada (RBC) have successfully completed the acquisition of RBC Investor Services’ European and Malaysian operations. This transaction, which has received regulatory approvals, strengthens CACEIS’ position as a leading asset servicing player in Europe. … Read the full press release

LSEG’s LCH Group Expands Eurozone Market Presence through Euronext Stake Acquisition

LSEG's LCH Group Expands Eurozone Market Presence through Euronext Stake Acquisition

(IN BRIEF) LCH Group, majority-owned by the London Stock Exchange Group (LSEG), has agreed to acquire Euronext’s 11.1% stake in LCH SA, the French subsidiary of LCH Group, for EUR 111 million. This transaction will grant LCH Group full ownership … Read the full press release

Eni Reports Successful Acquisition of 5.4 Million Treasury Shares on Euronext Milan; the company now owns 1.52% of its share capital

(IN BRIEF) Eni has announced the completion of its treasury shares purchase program from June 12 to June 16, 2023. During this period, the company acquired 5,417,589 shares on the Euronext Milan at an average price of €12.9818 per share, … Read the full press release

Michelin Expands Presence in Engineered Fabrics and Films with Flex Composite Group Acquisition

(IN BRIEF) Michelin has announced its agreement to acquire Flex Composite Group (FCG) for an enterprise value of €700 million. FCG is a European leader in engineered fabrics and films, serving industries such as marine, supercars, electric vehicles, sports, and … Read the full press release

Glencore Completes Sale of Cobar Copper Mine to Metals Acquisition Corp

(IN BRIEF) Glencore, a global mining and commodities trading company, has completed the sale of its 100% interest in Cobar Management Pty Ltd (CMPL), the owner of the Cobar copper mine in New South Wales, Australia, to Metals Acquisition Corp … Read the full press release

Global Building Materials Company Holcim Enters Guatemalan Market with Acquisition of Minerales y Agregados

(IN BRIEF) Holcim, a global building materials company, has announced the acquisition of Minerales y Agregados, a leading provider of advanced mortars and adhesives in Guatemala. This marks Holcim’s entry into the Guatemalan market and expands its Solutions & Products … Read the full press release

Iberdrola Mexico and Mexico Infrastructure Partners Agree on Asset Acquisition for $6 Billion

(IN BRIEF) Iberdrola Mexico and Mexico Infrastructure Partners (MIP) have signed an agreement where MIP’s trust will acquire 55% of Iberdrola’s gross operating profit (EBITDA) in Mexico, including associated contracts and over 410 jobs. The agreement allows Iberdrola to focus … Read the full press release

Kuehne+Nagel Expands Perishables Logistics Services with Acquisition of Morgan Cargo

(IN BRIEF) Kuehne+Nagel, a global logistics and supply chain solutions provider, has announced its agreement to acquire Morgan Cargo, a prominent freight forwarder specializing in perishable goods transportation in South Africa, the UK, and Kenya. Morgan Cargo managed over 40,000 … Read the full press release

Credit Suisse Shares to be Delisted Following UBS Acquisition

Ad hoc announcement pursuant to Article 53 of the SIX Exchange Regulation Listing Rules (IN BRIEF) UBS Group AG has announced its acquisition of Credit Suisse Group AG in a deal that is expected to be completed by June 12, … Read the full press release

Arkema Expands Presence in Thermal Interface Materials with Polytec PT Acquisition

(IN BRIEF) Arkema has announced its acquisition of Polytec PT, a German company specializing in thermal interface materials for batteries and engineering adhesives for the electronics market. The acquisition will strengthen Bostik’s product offerings in the growing batteries and electronics … Read the full press release

UBS Group AG Reveals Leadership Team and Operating Model Following Credit Suisse Acquisition

(IN BRIEF) UBS Group AG has announced its new operating model and leadership team after the planned acquisition of Credit Suisse AG. The legal close of the acquisition is expected to occur soon, after which Credit Suisse Group AG will … Read the full press release

Accenture strengthens retail and consumer electronics offerings with Einr acquisition

(IN BRIEF) Accenture has announced its agreement to acquire Einr, a Norwegian business consulting company specialized in high volume logistics solutions using SAP technologies to optimize the flow of products from manufacturers to consumers. The acquisition will enhance Accenture’s SAP … Read the full press release

Novamont Acquisition Set to Contribute to Decarbonization of Versalis’ Product Portfolio

(IN BRIEF) Versalis, Eni’s chemical company and shareholder of Novamont, has signed an agreement to acquire the remaining 64% of Novamont’s shares held by Mater-Bi. Novamont is a leading international company in the field of chemistry from renewable sources, and … Read the full press release

Glencore joins Alunorte, MRN joint ventures with Hydro after stake acquisition

(IN BRIEF) Glencore has agreed to acquire a 30% stake in Alunorte and a 45% stake in Mineracão Rio do Norte from Norsk Hydro for a combined equity value of approximately USD 775 million. Completion of the transaction is expected … Read the full press release

Heidelberg Materials continues decarbonization push with strategic acquisitions and divestments

(IN BRIEF) Heidelberg Materials has entered into a definitive purchase agreement to acquire The SEFA Group, the largest fly ash recycling company in the United States. The SEFA Group supplies quality fly ash to more than 800 concrete plants in … Read the full press release

La société immobilière logistique Logicor double sa présence en République tchèque avec l’acquisition d’une friche industrielle

(ACTUALITÉ EN BREF) Logicor, l’un des principaux propriétaires, gestionnaires et promoteurs immobiliers logistiques en Europe, a acquis une friche industrielle en République tchèque, d’une superficie d’environ 100 000 m², doublant son empreinte et élargissant sa présence sur le marché. La … Read the full press release

Logistics real estate firm Logicor doubles presence in Czech Republic with brownfield acquisition

(IN BRIEF) Logicor, a leading owner, manager, and developer of logistics real estate in Europe, has acquired a brownfield in the Czech Republic, which is approximately 100,000 sqm in size, doubling its footprint and expanding its presence in the market. … Read the full press release

Holcim takes a step toward circular construction with acquisition of Sivyer Logistics

(IN BRIEF) Holcim, a leading global construction materials and solutions company, has acquired Sivyer Logistics, a producer of recycled construction and demolition waste (CDW) in London. Sivyer Logistics utilizes advanced recycling and recovery technologies to recover over 500,000 tons of … Read the full press release

ABL Group expands offshore energy exposure with acquisition of AGR

(IN BRIEF) ABL Group ASA has announced that it will acquire AGR, a multi-disciplinary engineering, consultancy and software company, in order to expand its offering within well and reservoir consultancy, support operators’ digitalisation and decarbonisation plans, and expand its opex-driven … Read the full press release

Accenture to bolster finance and risk management capabilities with Optimind acquisition

(IN BRIEF) Accenture has announced plans to acquire Optimind, a Paris-based consulting firm that specializes in offering advisory services and solutions for the insurance and banking industries. Optimind provides consulting services to help its clients overcome major challenges in areas … Read the full press release

Holcim Advances Green Growth Strategy with HM Factory Acquisition

(IN BRIEF) Holcim has acquired HM Factory, a precast concrete solutions provider that supplies Polish construction projects and exports to Scandinavian markets. HM Factory’s solutions use less material, reduce waste on the construction site, and are well-positioned to capitalize on … Read the full press release

Ørsted Strengthens Presence in Ireland with Acquisition of Garrenleen Solar Project

(IN BRIEF) Ørsted, a leading sustainable energy company, has acquired the 160 MW Garrenleen solar project from renewable energy developer Terra Solar. This is Ørsted’s second solar project in Ireland and reinforces its commitment to reaching 17.5 GW of onshore … Read the full press release

Sanofi’s Acquisition of Provention Bio Expands Immune-Mediated Disease Portfolio

(IN BRIEF) Sanofi has agreed to acquire Provention Bio, a U.S.-based biopharmaceutical company focused on preventing and intercepting immune-mediated diseases, for $2.9 billion. The acquisition includes Provention Bio’s first-in-class therapy for type 1 diabetes, TZIELD, which was approved in the … Read the full press release

Heineken Set to Create Regional African Beverage Champion After Gaining Approval for Distell Acquisition

(IN BRIEF) HEINEKEN has received approval from the South African Competition Tribunal to acquire control of Distell Group Holdings Limited, following approvals from other relevant jurisdictions. The acquisition will see the creation of a regional African beverage champion, with Distell … Read the full press release

Equinor Boosts UK Operations with $850 Million Suncor Energy Acquisition

(IN BRIEF) Equinor UK Limited has agreed to acquire Suncor Energy UK Limited for $850 million, which includes a non-operated interest in the Buzzard oil field (29.89%) and an additional operated interest in the Rosebank development (40%). The acquisition will … Read the full press release