Tag Archives: acquisition

Strategic Acquisition: Mutares SE & Co. KGaA Enhances Ganter Group’s Position in Interior Finishing Market

(IN BRIEF) Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has finalized the acquisition of FSL Ladenbau GmbH from its shareholders Christian Füßer, Marion Füßer, and Guido Krümpel, marking a strategic move to fortify the Ganter Group, a distinguished general contractor … Read the full press release

CACEIS Achieves Record Asset Milestones Following RBC IS Acquisition Integration

(IN BRIEF) Since June 1st, 2024, following the acquisition of Royal Bank of Canada’s (RBC) European asset servicing operations, all staff across various locations have been consolidated under unified legal frameworks. Concurrently, efforts are underway to migrate clients to this … Read the full press release

ABN AMRO Expands Presence in German Private Banking Market with HAL Acquisition

(IN BRIEF) ABN AMRO announces its agreement with Fosun International to acquire Hauck Aufhäuser Lampe (HAL), a prominent German private bank, positioning Bethmann Bank, ABN AMRO’s private banking arm, as one of the largest providers of banking services for affluent … Read the full press release

Digi Communications N.V. announces the agreements concluded by Digi Romania (formerly named RCS & RDS S.A.), the Romanian subsidiary of the Company

(IN BRIEF) Digi Communications N.V., a prominent European telecommunications company listed on the Bucharest Stock Exchange, has announced a significant preliminary agreement by its Romanian subsidiary, Digi Romania (formerly RCS & RDS S.A.). On May 27, 2024, Digi Romania signed … Read the full press release

Kontron AG Secures EUR 200 Million Contract to Supply Smart EV Charging Stations

(IN BRIEF) Kontron AG, a prominent player in IoT technology, has been authorized to provide smart charging stations for electric vehicles to one of the world’s largest car manufacturers, with series production set to commence in July 2024. Leveraging the … Read the full press release

Vossloh Expands into Swedish Rail Infrastructure Market with Acquisition of Scandinavian Track Group

(IN BRIEF) Vossloh, a leading provider of rail infrastructure solutions, has signed an agreement to acquire Scandinavian Track Group (STG), a renowned provider of rail track maintenance services in Sweden. With a focus on switches, maintenance, welding services, and inspection … Read the full press release

Accenture Federal Services Expands Capabilities with Acquisition of Cognosante

(IN BRIEF) Accenture Federal Services has finalized its acquisition of Cognosante, a provider of digital transformation solutions for federal health, defense, intelligence, and civilian agencies. With this strategic move, Accenture Federal Services aims to bolster its federal health portfolio, leveraging … Read the full press release

Accenture Strengthens Workforce Development with Udacity Acquisition

(IN BRIEF) Accenture has finalized its acquisition of Udacity, a leading digital education platform renowned for its technology courses blending online flexibility with human instruction. This strategic move emphasizes Accenture’s dedication to addressing the evolving workforce needs, particularly by equipping … Read the full press release

Uniper Expands Renewable Portfolio with Acquisition of 20.4 MW Photovoltaic Project in Poland

(IN BRIEF) Uniper has entered into a share purchase agreement with Photon Energy Group for the acquisition of a 20.4 MW photovoltaic project in northeastern Poland, expected to close by the end of 2024. The move aligns with Uniper’s strategy … Read the full press release

ABB Expands Market Reach in China with Acquisition of Siemens’ Wiring Accessories Business

(IN BRIEF) ABB has announced its agreement to acquire Siemens’ Wiring Accessories business in China, a strategic move aimed at broadening its market reach and enhancing its regional customer offerings within smart buildings. The acquisition encompasses wiring accessories, smart home … Read the full press release

Accenture to Bolster Digital Transformation with OPENSTREAM HOLDINGS Acquisition

(IN BRIEF) Accenture (NYSE: ACN) has announced its acquisition of OPENSTREAM HOLDINGS and its subsidiaries, Open Stream and Neutral, marking a significant move to enhance its digital engineering and manufacturing capabilities. The acquisition, with undisclosed terms, is set to bring … Read the full press release

Siemens Approves Sale of Innomotics to KPS Capital Partners for €3.5 Billion

(IN BRIEF) Siemens AG has greenlit the sale of Innomotics, a world-leading electric motors and large drives company, to KPS Capital Partners, LP (“KPS”) for €3.5 billion. The decision to divest Innomotics aligns with Siemens’ strategic portfolio optimization efforts, providing … Read the full press release

ANDRITZ Completes Acquisition of NAF AB, Expanding Control Valve Portfolio

(IN BRIEF) ANDRITZ, a global technology group, has finalized the acquisition of NAF AB’s business, bolstering its product range in process control and automation systems for pulp and paper mills and other industrial plants. This acquisition strengthens ANDRITZ’s Intelligent Instruments … Read the full press release

MAHLE Finalizes Sale of OEM Thermostat Business to ADMETOS, Ensuring Stable Transition

(IN BRIEF) MAHLE has successfully concluded the sale of its OEM thermostat business to ADMETOS, effective May 2, 2024. Under the new ownership, the thermostat segment will operate as BTT Solutions, with ADMETOS assuming control and responsibility for approximately 600 … Read the full press release

AF Energi og Miljø AS Expands Renewable Energy Portfolio with Acquisition of ETA Norge AS

(IN BRIEF) AF Energi og Miljø AS has finalized the acquisition of 70% of the shares in ETA Norge AS, a proficient bioenergy contractor. ETA Norge, established in 2023, specializes in delivering heating systems and providing project planning, installation, and … Read the full press release

Airbus Acquires Aerovel, Enhancing Tactical Unmanned Aerial Capabilities

(IN BRIEF) Airbus has completed the acquisition of U.S.-based Aerovel, integrating the advanced unmanned aerial system (UAS), Flexrotor, into its tactical solutions portfolio. The Flexrotor is a compact, vertical takeoff and landing (VTOL) UAS designed primarily for intelligence, surveillance, target … Read the full press release

BASF Partners with IPP to Market Ammonia, Methanol, and Melamine Plants for Relocation

(IN BRIEF) BASF, in collaboration with International Process Plants (IPP), has agreed to market ammonia, methanol, and melamine plants situated at BASF’s Verbund site in Ludwigshafen, Germany. These assets, made available as part of BASF’s strategic adjustments to maintain competitiveness … Read the full press release

Accenture Bolsters Data Capabilities with Parsionate Acquisition

(IN BRIEF) Accenture has announced its acquisition of Parsionate, a leading data consultancy specializing in data products and modern data foundation services, with a focus on industries like retail, industrial, consumer goods, and life sciences. This strategic move aims to … Read the full press release

Accenture Acquires SOKO to Expand Creative Influence in Brazil

(IN BRIEF) Accenture, through its renowned creative agency Droga5, has announced the acquisition of SOKO, a leading Brazilian creative agency known for its innovative and culturally resonant brand storytelling. SOKO’s integration into Droga5 São Paulo aims to strengthen the agency’s … Read the full press release

State of Berlin Acquires Vattenfall’s Heating Business in Billion-Euro Deal

(IN BRIEF) Vattenfall has finalized the transfer of all shares in Vattenfall Wärme Berlin AG, including power plants, grids, subsidiaries, and employees, to the State of Berlin for approximately 1.4 billion euros. This strategic move aligns with Berlin’s goal to … Read the full press release