Tag Archives: acquisition

TotalEnergies Bolsters Renewable Energy Ventures with Startup Acquisitions

(IN BRIEF) TotalEnergies is acquiring three startups that previously participated in its TotalEnergies On acceleration program at STATION F in Paris. These acquisitions aim to accelerate the company’s expansion in the electricity sector and enhance its B2B offerings and renewable … Read the full press release

Lagardère’s Shareholder Vivendi Extends Rights to Sell Shares Until June 2025

(IN BRIEF) Lagardère acknowledges that its shareholder, Vivendi SE, has unanimously approved the extension of the exercise period for the rights to sell Lagardère shares until June 15, 2025. This extension maintains the terms and conditions outlined in the public … Read the full press release

EQT Infrastructure to Acquire Majority Stake in Heritage Environmental Services, Advancing Industrial Waste Management

(IN BRIEF) EQT Infrastructure has announced its acquisition of a majority stake in Heritage Environmental Services (HES), a leading US provider of sustainability and industrial waste management services. The move aligns with EQT’s focus on investing in businesses that offer … Read the full press release

Grupo Calleja Initiates Tender Offer to Acquire Éxito Group Shares

(IN BRIEF) Following Casino Group’s announcement on October 16, 2023, regarding the sale of its total equity interest in Almacenes Éxito S.A. (“Éxito Group”) to Grupo Calleja, the Buyer has officially launched the Tender Offer (Colombian TO) to acquire up … Read the full press release

ArcelorMittal Completes Sale of Kazakh Steel and Mining Operation to Qazaqstan Investment Corporation

(IN BRIEF) ArcelorMittal has successfully concluded the sale of its Kazakh steel and mining operation, ArcelorMittal Temirtau, to the Qazaqstan Investment Corporation (QIC), a state-controlled direct investment fund. The transaction involves a total consideration of $986 million, comprising $286 million … Read the full press release

Saint-Gobain Strengthens Construction Chemicals Portfolio with Acquisition of Menkol Industries in India

(IN BRIEF) Saint-Gobain has announced its acquisition of Menkol Industries Private Limited, a prominent Indian manufacturer specializing in high-value waterproofing systems. This strategic move enhances Saint-Gobain’s position in the Construction Chemicals sector, focusing on specialty building materials within the dynamic … Read the full press release

ABP Acquires Key Land Parcel for Future-Proofing Humber Ports and Business Growth

(IN BRIEF) Associated British Ports (ABP) has taken a significant step in its property strategy by acquiring the freehold of a 227.5-acre site known as Stallingborough Interchange. This acquisition underscores ABP’s commitment to expanding its commercial port opportunities, encompassing automotive, … Read the full press release

Roche to Acquire Carmot Therapeutics for USD 2.7 Billion, Expanding Its Portfolio in Obesity Treatment

(IN BRIEF) Roche, a leading pharmaceutical company, has announced its definitive merger agreement to acquire Carmot Therapeutics, a privately owned US-based company specializing in obesity treatment and related metabolic diseases. The acquisition includes Carmot’s portfolio of clinical stage subcutaneous and … Read the full press release

Thales Completes Early Acquisition of Imperva, Creating Global Cybersecurity Leader

(IN BRIEF) Thales, the global technology company, has successfully completed the acquisition of Imperva ahead of schedule, marking a significant milestone in the company’s cybersecurity expansion plans. The acquisition positions Thales as a worldwide leader in cybersecurity, with a team … Read the full press release

KPN Expands Fiber Network Coverage with Acquisition of Kabeltex

(IN BRIEF) On November 30, 2023, KPN finalized its acquisition of Kabeltex, a company owning fiber networks and functioning as an internet service provider in Texel and the northern region of North Holland. Kabeltex boasts full fiber coverage on Texel … Read the full press release

Arkema Expands its Portfolio with 54% Stake Acquisition in PI Advanced Materials

(IN BRIEF) Arkema has completed the acquisition of a 54% stake in PI Advanced Materials (PIAM), a South Korean company specializing in polyimide films for advanced electronics and electric mobility markets. PIAM holds a dominant global market share of over … Read the full press release

Shell Completes Sale of Home Energy Businesses to Octopus Energy Group

(IN BRIEF) Shell Petroleum Company Limited, through its subsidiary Impello Limited, has successfully finalized the sale of its home energy businesses, Shell Energy Retail Limited (SERL) in the UK and Shell Energy Retail GmbH (SERG) in Germany, to Octopus Energy … Read the full press release

Lightsource bp to Scale Up with Full Ownership by bp

(IN BRIEF) bp is acquiring the remaining 50.03% stake in Lightsource bp, a leading utility-scale solar and battery storage developer and operator. This strategic move aims to enhance Lightsource bp’s growth and leverage bp’s complementary capabilities in finance and trading. … Read the full press release

Equinor Agrees to Sell Nigerian Business and Agbami Oil Field Stake to Chappal Energies

(IN BRIEF) Equinor has reached an agreement to divest its Nigerian business, including its 53.85% ownership in oil and gas lease OML 128, which encompasses a 20.21% stake in the Agbami oil field operated by Chevron, to Nigerian-owned Chappal Energies. … Read the full press release

Accenture Strengthens Regional Creative Capabilities with Rabbit’s Tale Acquisition in Thailand

(IN BRIEF) Accenture, a global technology and consulting company, is set to acquire Rabbit’s Tale, a renowned Bangkok-based creative and digital experience agency. This strategic move aims to bolster the creative, brand, and data capabilities of Accenture Song, the world’s … Read the full press release

Kuehne+Nagel Boosts Customs Brokerage Services with Acquisition of Farrow

(IN BRIEF) Kuehne+Nagel, a global logistics company, has announced its acquisition of Farrow, a renowned Canadian customs broker, as part of its growth strategy outlined in Roadmap 2026. Farrow, based in Windsor, Ontario, Canada, boasts a 112-year heritage and employs … Read the full press release

EBRD Invests €60 Million in M Plus Croatia for International Expansion in BPO Services

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has finalized an investment agreement with M Plus Croatia, a subsidiary of Mplus Group, a Croatian business specializing in business-process outsourcing (BPO) services provided to companies in 57 countries. The … Read the full press release

Groupe Casino Expands Stake in Cnova to 98.8% with Acquisition from GPA

(IN BRIEF) Groupe Casino has announced the acquisition of CBD Luxembourg Holding from GPA, indirectly holding a 34.0% share of Cnova’s capital. This transaction will raise Casino’s ownership of Cnova, both directly and through wholly-owned subsidiaries, to 98.8%. The purchase … Read the full press release

Accenture Strengthens New Zealand Presence with Solnet Acquisition, Bolstering Cloud and Tech Expertise

(IN BRIEF) Accenture, a global technology services and consulting firm, has successfully completed its acquisition of Solnet, an IT services provider renowned for its technology consulting services to both the New Zealand government and private sector. This strategic move enhances … Read the full press release

Barco Announces Full Acquisition of Cinionic’s Premium Cinema Solutions Business, Strengthening Global Cinema Industry Presence

(IN BRIEF) Barco, a prominent player in the global cinema industry, has finalized an agreement to fully acquire Cinionic’s premium cinema solutions business in collaboration with China Film Equipment Co., Ltd. (CFEC). This strategic move underscores Barco’s commitment to the … Read the full press release

ORLEN Group’s PGNiG Upstream Norway Expands Natural Gas Operations with KUFPEC Norway Acquisition

(IN BRIEF) PGNiG Upstream Norway, a subsidiary of the ORLEN Group, is set to take control of KUFPEC Norway, a hydrocarbon producer, significantly boosting the ORLEN Group’s natural gas output in Norway by over one-third, reaching 4 billion cubic meters … Read the full press release

AFRY Strengthens Nuclear Safety Expertise with Acquisition of Hungarian Firms SOM System Kft. and TTSA Mérnökiroda Kft.

(IN BRIEF) Swedish engineering and consulting company AFRY has made a strategic move to acquire Hungarian nuclear safety consulting firms SOM System Kft. and TTSA Mérnökiroda Kft., collectively known as SOM. The acquisition enhances AFRY’s capabilities in the nuclear sector, … Read the full press release

Safran’s Collins Aerospace Deal Challenged by Italian Regulatory Decision

(IN BRIEF) Safran’s planned acquisition of Collins Aerospace’s actuation and flight control business faces a regulatory challenge as the Italian government exercises its Golden Power to oppose the sale of Microtecnica S.r.l, the company holding the relevant assets in Italy, … Read the full press release

ABP Increases Stake in Vesteda, Enabling Affordable Rental Housing Project in Rotterdam

(IN BRIEF) Public sector pension fund ABP has raised its stake in Vesteda to a maximum of 33%, facilitating Vesteda’s acquisition of the new-build Zuiderhof project in Rotterdam. The homes in this development will be prioritized for rental to candidates … Read the full press release

Accenture Expands New Zealand Presence with Acquisition of IT Services Provider Solnet

(IN BRIEF) Accenture, a global technology consulting and services company, has announced its acquisition of Solnet, a New Zealand-based IT services provider specializing in technology consulting for government and private organizations. While the terms of the deal remain undisclosed, Solnet’s … Read the full press release

Minsait Payments Expands Payment Technology Services with Acquisition of Pecunpay

(IN BRIEF) Minsait Payments has acquired 100% of Pecunpay, a Spanish Electronic Money Institution specializing in serving fintechs and neo-banks. This strategic move aims to enhance Minsait Payments’ position as a payment technology services provider by integrating Pecunpay’s assets and … Read the full press release

RWE Invests €10.3 Billion in Green Initiatives, Grows Portfolio by 5.7 GW

(IN BRIEF) RWE, a leading energy company, has reported significant investments of €10.3 billion in its “Growing Green” program during the first nine months of fiscal 2023, marking a substantial increase from the previous year’s €3.1 billion investment. The acquisition … Read the full press release

Teck Resources to Exit Elk Valley in Landmark $6.93 Billion Deal with Glencore, Reshaping Canadian Mining

(IN BRIEF) Glencore is set to purchase a 77% effective interest in Teck Resources Limited’s steelmaking coal business, Elk Valley Resources (EVR), for $6.93 billion in cash. The deal includes NSC’s and POSCO’s interests in EVR. Upon completion, EVR will … Read the full press release

UniCredit Acquires 8.9781% Stake in Alpha Services and Holdings S.A. from HFSF

(IN BRIEF) UniCredit S.p.A. has confirmed the purchase of an 8.9781% minority stake in Alpha Services and Holdings S.A. in Greece from HFSF at a price of 1.39 Euros per share. This acquisition represents a premium of 9.4% over the … Read the full press release

TotalEnergies to Acquire 1.5 GW of Gas-Fired Power Plants in Texas to Enhance Energy Portfolio

(IN BRIEF) TotalEnergies is expanding its presence in the Texas power market by signing an agreement to acquire three gas-fired power plants from TexGen for $635 million. These plants, with a combined capacity of 1.5 GW, are strategically located close … Read the full press release

Outokumpu Joins Forces with Envigas to Spearhead Emission Reduction in Stainless Steel Production

(IN BRIEF) In a significant move towards sustainable stainless steel production, Outokumpu has partnered with Envigas AB, a leading biocarbon producer, by acquiring a 20% ownership share. Outokumpu’s commitment to reducing carbon dioxide emissions by 42% by 2030 aligns with … Read the full press release

Volvo Group to Acquire Proterra’s Battery-Electric Business for $210M in Chapter 11 Bankruptcy Auction

(IN BRIEF) Proterra Inc. and Proterra Operating Company Inc. have initiated a voluntary Chapter 11 bankruptcy process in the United States, and Volvo Group has emerged as the winning bidder in an auction to acquire the assets of the Proterra … Read the full press release

SAP Finalizes Acquisition of LeanIX, Expanding Transformation Suite

(IN BRIEF) SAP SE has successfully concluded its acquisition of LeanIX, a prominent player in enterprise architecture management (EAM). LeanIX specializes in facilitating the modernization of IT landscapes and continuous business transformation through its software-as-a-service solutions. These tools empower organizations … Read the full press release

Telefónica Launches Voluntary Public Acquisition Offer for Telefónica Deutschland Shares

(IN BRIEF) Telefónica, through its subsidiary Telefónica Local Services GmbH, is making a voluntary public acquisition offer to acquire up to 28.19% of Telefónica Deutschland shares not currently held by Telefónica. The offer price of EUR 2.35 per share represents … Read the full press release

Ramboll Strengthens Management Consulting Practice with Acquisition of Strategy Implementation Specialist acondas

(IN BRIEF) Ramboll has continued to bolster its Management Consulting practice by acquiring acondas, a renowned Germany-based management consultancy specializing in strategy implementation, sustainability transformation, value enhancement, and transaction advice. This acquisition adds 40 highly skilled consultants to Ramboll’s team. … Read the full press release

EQT Infrastructure to Acquire Statera Energy, Boosting UK’s Flexible Energy Generation and Storage

(IN BRIEF) EQT Infrastructure has announced its acquisition of Statera Energy Limited from InfraRed Capital Partners, a move that aligns with the evolving landscape of the UK’s energy sector. As the country shifts towards decarbonization and increased electrification, the role … Read the full press release

Borealis Successfully Completes Acquisition of Rialti to Strengthen Recyclate-Based Polypropylene Compounding Business

(IN BRIEF) Borealis, a leading provider of innovative solutions in the plastics industry, has announced the successful completion of its acquisition of Rialti S.p.A., a prominent European polypropylene (PP) compounder specializing in sustainable PP compounds made from mechanically recycled feedstock. … Read the full press release

Zurich Insurance Forms Strategic Alliance with Kotak Mahindra Bank in Indian Insurance Market

(IN BRIEF) Zurich Insurance Group has announced a significant strategic alliance with Kotak Mahindra Bank in India, with plans to acquire a 51% stake in Kotak Mahindra General Insurance Company for $488 million. This investment marks one of the largest … Read the full press release

Schneider Electric Completes Acquisition of Climate Consulting Leader EcoAct to Boost Net Zero Solutions

(IN BRIEF) Schneider Electric, a global leader in energy management and automation, has successfully finalized its acquisition of EcoAct SAS, an international leader in climate consulting and net-zero solutions based in Paris, France. This strategic move brings together two top-tier … Read the full press release

Accenture Expands Cybersecurity Reach in Spain with Acquisition of Innotec Security

(IN BRIEF) Accenture, a global technology and consulting firm, has acquired Innotec Security, a prominent cybersecurity-as-a-service company headquartered in Madrid, Spain. This acquisition enhances Accenture’s cybersecurity capabilities and presence in Spain. Innotec Security, previously owned by Entelgy Group, brings 500 … Read the full press release