Tag Archives: acquisition

Saint-Gobain Proposes Acquisition of CSR Limited, Furthering Global Expansion in Sustainable Construction

(IN BRIEF) Saint-Gobain has formally approached the Board of CSR Limited, a prominent Australian building materials company, with a non-binding indicative offer to acquire all of CSR’s issued share capital through a scheme of arrangement at A$9.00 cash per share. … Read the full press release

BT Group Sells Iconic BT Tower for £275m to MCR Hotels for Transformation into Landmark Hotel

(IN BRIEF) BT Group has reached an agreement to sell the iconic BT Tower to MCR Hotels for £275 million. MCR Hotels, known for preserving historic landmarks, plans to repurpose the tower into a hotel, securing its status as a … Read the full press release

SCC Expands Managed Services with Acquisition of Resonate, Bolstering Microsoft Teams Expertise

(IN BRIEF) SCC, a European technology solutions and services firm, has announced the acquisition of Resonate, a leading provider of cloud voice and collaboration services based on Microsoft Teams. This strategic move marks SCC’s third acquisition in the past year … Read the full press release

CapMan Social Real Estate Fund Expands Portfolio with Acquisition of Porcelænshaven Property in Copenhagen

(IN BRIEF) CapMan Social Real Estate (CMSRE) has acquired Porcelænshaven, a historic office and educational property in Frederiksberg, Copenhagen, fully leased to Copenhagen Business School (CBS). With 19,300 m2 of lettable space, the property, nestled near Frederiksberg Gardens, dates back … Read the full press release

Accenture Boosts AI-Powered Customer Insights with GemSeek Acquisition

(IN BRIEF) Accenture (NYSE: ACN) has announced its acquisition of GemSeek, a prominent player in customer experience analytics, as part of its ongoing investment in data and AI capabilities through Accenture Song. GemSeek, founded in 2011, brings advanced analytics expertise … Read the full press release

ABB to Expand Electrification Service Portfolio with SEAM Group Acquisition

(IN BRIEF) ABB has announced its agreement to acquire SEAM Group, a prominent provider of energized asset management and advisory services. This acquisition aims to enhance ABB’s Electrification Service offering, providing customers with expertise in predictive, preventive, and corrective maintenance, … Read the full press release

Henkel Expands Maintenance, Repair, and Overhaul (MRO) Solutions with Acquisition of Seal for Life Industries LLC

(IN BRIEF) Henkel, a global leader in adhesive technologies, has announced the acquisition of Seal for Life Industries LLC, a US-based provider of protective coating and sealing solutions, from Arsenal Capital Partners. With Seal for Life’s expertise in infrastructure markets … Read the full press release

GSK Expands Respiratory Biologics Portfolio with Aiolos Bio Acquisition

(IN BRIEF) GSK plc has finalized the acquisition of Aiolos Bio, bolstering its respiratory biologics portfolio with AIO-001, a promising long-acting anti-TSLP monoclonal antibody for treating asthma. AIO-001, set to enter phase II clinical trials, targets severe asthma patients with … Read the full press release

EQT Infrastructure Terminates Planned Acquisition of Italy’s Largest Mobile Network from Wind Tre

(IN BRIEF) EQT Infrastructure VI fund has confirmed the termination of its agreement to acquire a majority stake in Italy’s largest mobile network from Wind Tre, as announced on May 12, 2023. The decision to terminate the transaction was made … Read the full press release

Barclays Expands Reach with Acquisition of Tesco Retail Banking Business and Exclusive Partnership Deal

(IN BRIEF) Barclays Bank UK PLC has announced its agreement to acquire Tesco’s retail banking business, marking a significant strategic move to expand its offerings and distribution channels in the UK. This acquisition, along with an exclusive long-term partnership to … Read the full press release

ASSA ABLOY Sells PACA Elevator Maintenance Business in France to KONE

(IN BRIEF) ASSA ABLOY has completed the sale of its elevator maintenance business, PACA ascenseur (“PACA”), located in Southern France, to KONE. The sale is part of ASSA ABLOY’s strategic focus on its core business portfolio. PACA, with approximately 210 … Read the full press release

BAE Systems Expands Unmanned Aerial Capabilities with Acquisition of Malloy Aeronautics

(IN BRIEF) BAE Systems has completed the acquisition of Malloy Aeronautics, a prominent player in innovative heavy lift drone and aeronautical technologies. Malloy Aeronautics specializes in the design and supply of all-electric uncrewed aerial systems (UAS) for both civilian and … Read the full press release

Saint-Gobain Successfully Concludes Acquisition of International Cellulose Corporation (ICC)

(IN BRIEF) Saint-Gobain, a global leader in sustainable construction materials, has successfully acquired International Cellulose Corporation (ICC), a prominent manufacturer of specialty insulation products in the United States. ICC specializes in producing spray-on thermal insulation, fireproofing solutions, and acoustic finish … Read the full press release

TotalEnergies Acquires 200 Charging Sites to Spearhead Electric Mobility in Spain in Partnership with Wenea

(IN BRIEF) TotalEnergies and Wenea have joined forces to establish a prominent presence in the Spanish electric mobility sector by creating a network of high-power charging hubs. TotalEnergies has acquired Nordian CPO, a subsidiary of Wenea, which owns 200 charging … Read the full press release

Outokumpu Successfully Acquires 266,213 Shares in Share Repurchase Program

(IN BRIEF) On January 26, 2024, Outokumpu successfully concluded its share repurchase program, acquiring a total of 266,213 of its own shares across various trading venues, with a total cost of EUR 1,073,521.31. This initiative, which began following the announcement … Read the full press release

Outokumpu Successfully Completes Share Repurchase Program, Acquiring 153,195 Total Shares

(IN BRIEF) On January 24, 2024, Outokumpu finalized the repurchase of its own shares, totaling 153,195 shares across various trading venues, with a weighted average price of EUR 3.99 per share and a total cost of EUR 611,483.24. This share … Read the full press release

MEA Logistics Boost: DHL Global Forwarding Integrates Danzas AEI Emirates Operations

(IN BRIEF) DHL Global Forwarding has successfully completed the acquisition of shares in Danzas AEI Emirates, rebranding all facilities under the DHL name. This integration not only changes the logo and name but also strengthens operational capabilities by incorporating 1,100 … Read the full press release

EBRD Joins Actis-Led Consortium to Acquire Telekom Srbija’s Mobile Towers in Western Balkans

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has partnered with an international consortium led by Actis, a global sustainable infrastructure investor, to acquire approximately 1,800 mobile towers from Serbian state-owned telecoms operator Telekom Srbija across Bosnia and … Read the full press release

Crédit Agricole Group Demonstrates Commitment to Worldline’s European Expansion

(IN BRIEF) Crédit Agricole S.A. has acquired a 7% minority stake in Worldline S.A. as part of their strategic partnership to strengthen their presence in the French merchant payment services market. This investment reaffirms Crédit Agricole Group’s commitment to supporting … Read the full press release

Outokumpu Successfully Acquires 184,718 Shares in Share Repurchase Program

(IN BRIEF) On January 18, 2024, Outokumpu successfully concluded its share repurchase program, acquiring a total of 184,718 of its own shares across various trading venues at an average price of EUR 4.03 per share. This initiative was part of … Read the full press release

ABB Expands AI and Software Capabilities with Acquisition of Meshmind to Boost Automation Innovation

(IN BRIEF) ABB has announced its acquisition of a majority stake in Meshmind, a software service provider, to bolster its research and development capabilities in AI, Industrial IoT, and machine vision. This strategic move will enable ABB to establish a … Read the full press release

Outokumpu Completes Share Buyback Program, Acquiring 281,802 Treasury Shares

(IN BRIEF) On January 17, 2024, Outokumpu, a Finnish stainless steel manufacturer, successfully concluded its share buyback program, repurchasing a total of 281,802 of its own shares across various trading venues. The company had initiated the program on November 29, … Read the full press release

PGNiG Upstream Norway Expands License Portfolio with Ten New Exploration Areas in Norwegian Continental Shelf

(IN BRIEF) PGNiG Upstream Norway AS (PUN), a subsidiary of the ORLEN Group, has secured ten new license areas for exploration on the Norwegian Continental Shelf through the Awards in Predefined Areas (APA) for 2023. PUN will act as the … Read the full press release

bp Expands European C&I Energy Presence with Acquisition of GETEC ENERGIE GmbH

(IN BRIEF) bp, the global energy company, is set to expand its presence in the European commercial and industrial (C&I) energy supply sector with the acquisition of GETEC ENERGIE GmbH, a prominent energy supplier in Germany. This acquisition will strengthen … Read the full press release

Volvo Group Explores Potential Sale of Arquus, Expects Negative Impact on Q4 2023 Income

(IN BRIEF) The Volvo Group has entered into an option agreement with John Cockerill Defense, allowing Volvo to potentially sell Arquus, a company specializing in defense vehicle manufacturing. The agreement requires consultations with employee representative bodies, expected to conclude in … Read the full press release

Saint-Gobain Expands Digital Solutions Portfolio with Glass Service Acquisition

(IN BRIEF) Saint-Gobain, a global leader in sustainable building materials, is set to acquire Glass Service a.s., a provider of digital solutions for glass furnaces. This acquisition will enhance Saint-Gobain’s digital services by incorporating advanced control systems and simulation software … Read the full press release

Basilea Pharmaceutica Acquires Novel Antibiotics Program Targeting Multidrug-Resistant Gram-Negative Bacteria

(IN BRIEF) Basilea Pharmaceutica Ltd (SIX: BSLN), a biopharmaceutical company specializing in severe bacterial and fungal infection treatments, has announced an asset purchase agreement with Spexis AG (SIX: SPEX) for a preclinical antibiotics program aimed at combating Gram-negative bacteria, including … Read the full press release

Outokumpu Completes Share Repurchase Program, Acquiring Over 144,000 Shares

(IN BRIEF) On January 12, 2024, Outokumpu successfully concluded its share repurchase program, acquiring a total of 144,091 of its own shares from various trading venues at an average price of EUR 4.09 per share, totaling EUR 588,853.23. This buyback … Read the full press release

Siemens Enhances eMobility Portfolio with Acquisition of Heliox, a Leader in DC Fast Charging Solutions

(IN BRIEF) Siemens AG has successfully acquired Heliox, a renowned provider of DC fast charging solutions for eBus, eTruck fleets, and passenger vehicles. The Netherlands-based Heliox, with around 330 employees, brings a range of charging products from 40 kW to … Read the full press release

Eni Acquires Additional Treasury Shares as Part of Its Buyback Program

(IN BRIEF) Eni, an energy company, has reported the acquisition of 4,640,950 treasury shares, equivalent to 0.14% of its share capital, between January 2 and January 5, 2024. The shares were purchased on the Euronext Milan stock exchange at an … Read the full press release

Plenitude Expands Its Renewable Portfolio with Acquisition of Three U.S. Solar Parks from EDPR

(IN BRIEF) Plenitude, a renewable energy company and subsidiary of Eni New Energy US Inc., has signed an agreement with EDP Renováveis (EDPR) to acquire an 80% equity stake in three operational photovoltaic plants in the United States. The Cattlemen … Read the full press release

EQT Launches Healthcare Growth Strategy and Announces First Investment in Mabtech

(IN BRIEF) EQT has unveiled its EQT Healthcare Growth Strategy and revealed its initial investment in Mabtech, acquired from the IK Small Cap II Fund. The strategy aims to capitalize on long-term healthcare trends, leveraging scientific breakthroughs, technology advancements, and … Read the full press release

ABB to Enhance Smart Water Management with Acquisition of Real Tech’s Optical Sensor Technology

(IN BRIEF) ABB has announced its acquisition of Canadian company Real Tech, a leader in optical sensor technology for real-time water monitoring and testing. This strategic move will bolster ABB’s presence in the water sector and complement its product portfolio … Read the full press release

Accenture Completes Acquisition of OnProcess Technology to Boost Supply Chain Capabilities

(IN BRIEF) Accenture has successfully finalized its acquisition of OnProcess Technology, a provider of supply chain managed services known for its expertise in improving inventory management, enhancing operational efficiency, and addressing complex service challenges. With this acquisition, Accenture aims to … Read the full press release

ORLEN Expands European Network with Acquisition of Doppler Energie’s Service Stations in Austria

(IN BRIEF) ORLEN has successfully acquired Doppler Energie, gaining a 100% stake in the company, which operates 267 service stations across Austria. With this acquisition, ORLEN’s network now includes nearly 3,500 modern service stations in seven European countries. The company … Read the full press release

Enel Sells US Renewable Asset Portfolio to ORMAT for $271 Million

(IN BRIEF) Enel, through its subsidiary Enel Green Power North America (EGPNA), has completed a transaction with ORMAT Technologies for the sale of a renewable asset portfolio in the United States. The deal, valued at $271 million, includes EGPNA’s entire … Read the full press release

OMV Petrom Expands Renewable Portfolio with 1 GW Capacity and Dominant EV Charging Network Acquisition

(IN BRIEF) OMV Petrom, Southeast Europe’s largest integrated energy company, is set to acquire a 50% stake in Electrocentrale Borzesti, which holds a 1 GW capacity of renewable projects, including 950 MW of wind and 50 MW of photovoltaic, in … Read the full press release

Ricoh Strengthens Production Print Capabilities with Albyco Acquisition

(IN BRIEF) Ricoh, a leader in the print and graphics industry, has successfully acquired Albyco, a Netherlands-based business specializing in finishing solutions for digital graphic communications, labels, signage, and packaging. This strategic move enhances Ricoh’s production print finishing capabilities across … Read the full press release

Accenture Finalizes Acquisition of U.K. Tech Consultancy 6point6

(IN BRIEF) Accenture has successfully concluded its acquisition of 6point6, a prominent U.K. technology consultancy known for its expertise in cloud, data, and cybersecurity. This strategic acquisition bolsters Accenture’s capabilities in strategy and architecture, with a strong focus on sectors … Read the full press release

Lithuania Acquires Thales Ground Master 200 Radars for Enhanced Defense Capabilities

(IN BRIEF) Lithuania’s Defence Material Agency (DMA) has entered into an agreement with the Dutch procurement Agency COMMIT to procure Thales Ground Master 200 Multi-Mission Compact radars (GM200 MM/C). These advanced radars are designed to provide simultaneous detection, tracking, and … Read the full press release