Tag Archives: acquisition

Allianz AGCS to Sell U.S. MidCorp and Entertainment Insurance Businesses to Arch for $450 Million

(IN BRIEF) Allianz Global Corporate & Specialty SE (AGCS) has announced an agreement to divest its U.S. MidCorp and Entertainment insurance businesses to Arch Insurance North America for $450 million in cash. The deal includes the transfer of approximately $2 … Read the full press release

Holcim Strengthens Latin American Presence with Tensolite Acquisition

(IN BRIEF) Holcim has announced the signing of an agreement to acquire Tensolite, a prominent manufacturer of precast and pre-stressed concrete construction systems with a strong foothold in fast-growing Latin American markets. Tensolite’s $22 million net sales in 2023 and … Read the full press release

EQT Enters Exclusive Talks to Acquire Ocea Group, Advancing Environmental Solutions in Energy Sector

(IN BRIEF) EQT Active Core Infrastructure fund announces exclusive negotiations to acquire Ocea Group from ICG Infrastructure Equity I. Ocea, a leading provider of smart water and heat submetering devices, operates over four million submeters and serves over 7,000 customers … Read the full press release

Borealis Expands Circular Economy Commitment with Acquisition of Integra Plastics AD

(IN BRIEF) Borealis announces the successful acquisition of Integra Plastics AD, a Bulgarian advanced mechanical recycling player, solidifying its position in the circular economy landscape. Integra Plastics’ state-of-the-art recycling plant, with an annual capacity exceeding 20,000 tons, significantly bolsters Borealis’ … Read the full press release

Triton Fund V Completes Acquisition of Siemens Energy’s Trench Business

(IN BRIEF) Triton Fund V, under Triton’s advisement, has finalized the acquisition of Siemens Energy’s Trench business, a leading manufacturer of high-voltage grid components. Trench, renowned for its expertise and global presence with nine factory locations and 2,400 employees worldwide, … Read the full press release

FactEntry Acquisition Propels SIX as Premier Provider of Fixed Income Solutions

(IN BRIEF) SIX, a leading provider of financial data and analytics, has acquired a majority stake in FactEntry, a global fixed income data and solutions provider. The acquisition, finalized on March 27, 2024, enhances SIX’s data offerings, particularly in fixed … Read the full press release

ASSA ABLOY Expands Hospitality Portfolio with Acquisition of Nomadix and Global Reach

(IN BRIEF) ASSA ABLOY, a global leader in access solutions, has announced its agreement to acquire Nomadix and Global Reach, prominent providers of Wi-Fi access and engagement platform solutions for the hospitality and commercial real estate sectors in the US … Read the full press release

Mubadala Acquires KELIX bio, Expanding Access to Life-Saving Pharmaceuticals in Emerging Markets

(IN BRIEF) DPI, BII, and the EBRD have reached a binding agreement to fully exit their investment in KELIX bio, a pan-African biopharmaceutical platform, through its acquisition by Mubadala Investment Company. Founded in 2020, KELIX bio has rapidly grown to … Read the full press release

Novo Nordisk Acquires Cardior Pharmaceuticals in Billion-Euro Deal, Pioneering RNA Therapies for Heart Diseases

(IN BRIEF) EQT Life Sciences proudly announces Novo Nordisk’s acquisition of Cardior Pharmaceuticals, valuing the biopharmaceutical company at up to EUR 1.025 billion. Based in Hannover, Germany, Cardior specializes in RNA-based therapeutics for cardiovascular diseases, focusing initially on heart failure. … Read the full press release

Airbus Defence and Space to Bolster Cybersecurity Arm with INFODAS Acquisition

(IN BRIEF) Airbus Defence and Space has announced plans to acquire INFODAS, a Cologne-based cybersecurity and IT solutions provider specializing in the public sector, including defense and critical infrastructures. With the transaction awaiting regulatory approvals, Airbus aims to enhance its … Read the full press release

Siemens AG to Acquire ebm-papst’s Industrial Drive Technology Business

(IN BRIEF) Siemens AG announces its acquisition of ebm-papst’s industrial drive technology (IDT) business, which specializes in intelligent, integrated mechatronic systems for various applications, including free-range driverless transport systems. This strategic move, involving around 650 employees, aims to enhance Siemens’ … Read the full press release

Rheinmetall Expands Vehicle Portfolio with Acquisition of Dutch Startup REEQ

(IN BRIEF) Rheinmetall, a leading technology group, has bolstered its vehicle portfolio by acquiring the Dutch startup REEQ, marking a strategic move towards innovative light hybrid vehicles. The acquisition, completed by Rheinmetall Defence Nederland B.V., a subsidiary of Rheinmetall’s Vehicle … Read the full press release

Hydro Extrusions to Sell Kaunas Plant, Ensuring Employee Continuity

(IN BRIEF) Hydro Extrusions has announced an agreement to sell its fabrication unit in Kaunas, Lithuania, to VE Invest UAB. The Kaunas plant, with approximately 170 employees, serves as a fabrication unit for Hydro’s extrusion plants in Sweden and Denmark. … Read the full press release

EQT Life Sciences Portfolio Company Amolyt Pharma Acquired by Alexion, AstraZeneca Rare Diseases for $1.05 Billion

(IN BRIEF) EQT Life Sciences announces the acquisition of its portfolio company, Amolyt Pharma, by Alexion, AstraZeneca Rare Diseases, for a total deal value of $1.05 billion. This acquisition underscores Amolyt’s significant advancements in developing novel treatments for rare endocrine … Read the full press release

Lloyds Banking Group’s Strategic Move: Scottish Widows’ Bulk Annuities Sold to Rothesay

(IN BRIEF) Rothesay, the UK’s leading pensions insurance specialist, has agreed to acquire Scottish Widows’ in-force bulk annuity portfolio from Lloyds Banking Group for approximately £6 billion. The transaction covers the pension benefits of around 42,000 individuals. This move aligns … Read the full press release

Husqvarna Group Expands Commercial Reach with ETwater Acquisition

(IN BRIEF) In a strategic move, Husqvarna Group has announced its acquisition of ETwater, a prominent player in smart irrigation management for commercial markets in North America, from Rivulis Irrigation. ETwater’s integration into Husqvarna’s Gardena Division, specifically within the Orbit … Read the full press release

Cybersecurity across Europe in the last quarter: Post-Quantum Cryptography, 6G Network and Cloud Security

(IN BRIEF) In the last quarter (1 Dec 2023 – 1 Mar 2024), Europe’s cybersecurity scene was marked by significant strides, with Thales and Ericsson leading initiatives to enhance digital security. Thales’ TrustNest R-Cloud received European Restricted certification, bolstering secure … Read the full press release

Aviva Expands Reach with £242 Million Acquisition of Probitas Holdings

(IN BRIEF) Aviva plc has announced the acquisition of Probitas Holdings for £242 million, marking a significant step in its strategy to bolster profitable growth. This acquisition grants Aviva entry into the Lloyd’s market, providing access to substantial premium volumes, … Read the full press release

Atlas Copco Group Expands Sustainability Portfolio with Acquisition of Houston-based Zahroof Valves Inc.

(IN BRIEF) Atlas Copco Group has acquired Zahroof Valves Inc., a company specializing in reciprocating compression valve technology based in Houston, Texas. Zahroof Valves’ innovative technology is renowned for reducing emissions and enhancing energy efficiency in the oil and gas … Read the full press release

Accenture Bolsters Marketing Transformation with Acquisition of The Lumery

(IN BRIEF) Accenture has announced the acquisition of The Lumery, a Melbourne-based martech consultancy, to enhance its marketing transformation capabilities in Australia. The move reflects Accenture Song’s commitment to helping businesses adapt to evolving customer needs and expectations through technology-driven … Read the full press release