Tag Archives: acquisition

EQT Acquires Majority Stake in Acronis, Strengthening Partnership for Future Growth

(IN BRIEF) EQT’s EQT X fund will acquire a majority stake in Acronis, a global cyber protection company. Existing investors, including CVC, Springcoast, and BlackRock Private Equity Partners, will retain minority stakes. This partnership aims to support Acronis’ growth and … Read the full press release

DBAG Invests in UNITY AG to Enhance Digital Transformation and Consulting Services

(IN BRIEF) Deutsche Beteiligungs AG (DBAG) is acquiring a controlling interest in UNITY AG, a leading consultancy in technology and digital transformation, aiming to leverage UNITY AG’s strong market position and growth potential. The deal, pending regulatory approval, is expected … Read the full press release

TotalEnergies to Sell 50% Stake in TPPL to Gunvor Group, Maintaining Brand Presence in Pakistan

(IN BRIEF) TotalEnergies is selling its 50% stake in Total PARCO Pakistan Limited (TPPL) to Gunvor Group. TPPL, a joint venture with Pak-Arab Refinery Limited (PARCO), operates over 800 service stations and has fuel logistics and lubricants activities in Pakistan. … Read the full press release

ArcelorMittal Acquires 28.4% Stake in Vallourec for €955 Million, Strengthens Board Representation

(IN BRIEF) ArcelorMittal has completed the acquisition of a 28.4% equity interest in Vallourec from Apollo Global Management for approximately €955 million. Following the acquisition, ArcelorMittal executives will join Vallourec’s board. ArcelorMittal does not plan to launch a tender offer … Read the full press release

MorphoSys Finalizes Delisting from Frankfurt and Nasdaq Markets Following Novartis Acquisition

(IN BRIEF) MorphoSys AG has completed its voluntary delisting from the Frankfurt Stock Exchange and Nasdaq Global Market following its acquisition by Novartis. The delisting agreement, announced on June 20, 2024, and the subsequent delisting purchase offer by Novartis were … Read the full press release

Iberdrola Acquires Majority Stake in Electricity North West, Enhancing Commitment to UK Market

(IN BRIEF) Iberdrola has acquired an 88% stake in Electricity North West (ENW) in the UK for £2.1 billion (€2.5 billion), reinforcing its commitment to investing in strong credit-rated countries. This acquisition makes the UK Iberdrola’s leading market by regulated … Read the full press release

Rheinmetall Expands Global Reach with Acquisition of Majority Stake in South African Plant Engineering Firm

(IN BRIEF) Rheinmetall is acquiring a majority stake in Resonant Holdings (Pty) Ltd, a South African specialist in plant engineering for chemical applications, by securing 51% ownership in a new joint venture, Rheinmetall Resonant South Africa. This move aims to … Read the full press release

Langley Holdings Acquires GKN Hydrogen to Enhance Sustainable Energy Solutions

(IN BRIEF) Langley Holdings has acquired GKN Hydrogen, an Italian specialist in hydrogen storage and power-to-power technology, from Dowlais Group. GKN Hydrogen’s innovative technology stores hydrogen in a solid state at 16 times the density of compressed gas, maintaining efficiency … Read the full press release

ORLEN Wind 3 Acquires Major Renewable Energy Assets from EDP Renewables Polska

(IN BRIEF) ORLEN Wind 3, a subsidiary of the ORLEN Group, has signed a preliminary agreement to acquire two solar PV farms and a wind farm from EDP Renewables Polska for approximately PLN 1.15 billion. This acquisition, one of the … Read the full press release

Brenntag Acquires Monarch Chemicals to Boost UK Distribution and Blending Capabilities

(IN BRIEF) Brenntag, a global leader in chemicals and ingredients distribution, has acquired Monarch Group Holdings Ltd. and its subsidiary Monarch Chemicals Ltd. in the UK. This acquisition includes sites in Southeast England and Scotland, enhancing Brenntag’s last-mile service operations. … Read the full press release

Vitol to Acquire Noble Resources Trading Limited

(IN BRIEF) Vitol B.V. has agreed to acquire Noble Resources Trading Limited for $0.63 per share on a debt-free, cash-free basis, pending customary conditions. Noble Resources is a prominent supply chain manager for energy products and industrial raw materials in … Read the full press release

BP Completes Acquisition of GETEC ENERGIE GmbH to Enhance European Energy Presence

(IN BRIEF) BP has finalized the acquisition of GETEC ENERGIE GmbH, an energy supplier to commercial and industrial customers in Germany. This acquisition, announced in January 2024, enhances BP’s European gas and power operations and expands its reach to Germany, … Read the full press release

Digi Communications N.V. announces the conclusion of a share purchase agreement by its subsidiary in Portugal

(IN BRIEF) On 1 August 2024, Digi Communications’ subsidiary, DIGI Portugal, LDA, entered into a share purchase agreement with LORCA JVCO Limited to acquire 100% of Cabonitel, S.A. for EUR 150 million, subject to customary adjustments and contingent events. Cabonitel … Read the full press release

Delivery Hero Merges foodora, Yemeksepeti, and foodpanda to Strengthen European and Asian Operations

(IN BRIEF) Delivery Hero SE has announced the merger of its food delivery businesses, foodora, Yemeksepeti, and foodpanda, to boost operational efficiency and business leverage across Europe and Asia. The new organization, led by Tareq Barto, aims to unlock synergies … Read the full press release

Vossloh Expands European Operations with Acquisition of Sateba Group for €450 Million

(IN BRIEF) Vossloh is set to acquire Sateba Group, enhancing its rail infrastructure capabilities and expanding its European market presence. The €450 million deal, expected to close by spring 2025, will boost Vossloh’s annual sales and align with its sustainability … Read the full press release

Roland Berger’s Net-Zero Goal Approved by SBTi, Aiming for Full Emission Reduction by 2040

(IN BRIEF) Roland Berger’s net-zero emissions reduction target has been approved by the Science Based Targets initiative (SBTi). The consultancy aims to achieve net-zero greenhouse gas emissions across its value chain by 2040, aligning with the Paris Climate Agreement. The … Read the full press release

Roche Completes Acquisition of LumiraDx’s Point of Care Technology, Enhancing Global Diagnostic Capabilities

(IN BRIEF) Roche has completed the acquisition of LumiraDx’s Point of Care technology after receiving all necessary antitrust and regulatory clearances. This addition enhances Roche’s diagnostics portfolio with an advanced multi-assay platform that consolidates a wide range of tests, including … Read the full press release

NatWest Group Expands Mortgage Portfolio with £2.5 Billion Acquisition from Metro Bank

(IN BRIEF) NatWest Group has announced the acquisition of a £2.5 billion portfolio of prime residential mortgages from Metro Bank, which will add around 10,000 new customer accounts to NatWest. These accounts will continue to be serviced by Metro Bank … Read the full press release

Juwi GmbH Finalizes Sale of Largest PV Portfolio in Company History

(IN BRIEF) Juwi GmbH has sold a 267 MW photovoltaic portfolio in Greece to Foresight and Mirova, marking the largest project in its history. Juwi will serve as the EPC and O&M contractor, with construction starting in August 2024. This … Read the full press release

Unilever Sells Stake in Qinyuan Group to Yong Chao Venture Capital Co., Ltd.

(IN BRIEF) Unilever has sold its stake in Qinyuan Group, known for water purification solutions in China, to Yong Chao Venture Capital Co., Ltd. This move is part of Unilever’s Growth Action Plan to focus on higher-growth areas. Eduardo Campanella, … Read the full press release