Tag Archives: acquisition

BBVA Sells €270 Million Non-Performing Loan Portfolio in Spain to AXACTOR

(IN BRIEF) BBVA has completed the sale of the ‘Estoril Project,’ a portfolio of unsecured non-performing loans totaling €270 million, to AXACTOR. This transaction is part of BBVA’s strategy to optimize its balance sheet and improve its non-performing loan ratio … Read the full press release

Accenture to Acquire Italian Network Services Company Fibermind

(IN BRIEF) Accenture has agreed to acquire Fibermind, an Italy-based company specializing in fiber and mobile 5G network deployment and infrastructure engineering services. This acquisition will enhance Accenture’s network services capabilities for clients in telecommunications, utilities, and transportation. Fibermind brings … Read the full press release

Hexagon Strengthens AECO Portfolio with Acquisition of Voyansi

(IN BRIEF) Hexagon, a global leader in digital reality solutions, has acquired Voyansi, a provider specializing in BIM and VDC solutions for the AECO industry. This acquisition aims to enhance Hexagon’s offerings in reality capture and construction digitization, enabling advanced … Read the full press release

Shell to Enhance LNG Leadership with Pavilion Energy Acquisition from Temasek Subsidiary

(IN BRIEF) Shell Eastern Trading Pte. Ltd., a subsidiary of Shell plc, has agreed to acquire Pavilion Energy Pte. Ltd. from Carne Investments Pte. Ltd., a subsidiary of Temasek. This acquisition includes Pavilion Energy’s global LNG trading business, which handles … Read the full press release

Mutares Expands SFC Group with CIKAUTXO China Acquisition, Boosting Automotive Sector Presence

(IN BRIEF) Mutares SE & Co. KGaA has completed the acquisition of CIKAUTXO Rubber & Plastic Components (Kunshan) Co., Ltd. (“Cikautxo China”) from CIKAUTXO S.COOP. This acquisition strengthens Mutares’ SFC Group under Amaneos, enhancing its global presence in plastic-based systems … Read the full press release

Deutsche Bank Acquires EUR 1.67 Billion Aircraft Loans from NORD/LB

(IN BRIEF) Deutsche Bank AG has acquired EUR 1.67 billion in aircraft loans from Norddeutsche Landesbank (NORD/LB), part of NORD/LB’s EUR 2.75 billion aircraft financing portfolio. The loans, secured through a competitive bidding process, cover a diverse range of lessors … Read the full press release

Casino Group Enters Talks to Sell Corsican Retail Subsidiary Codim 2 to Auchan

(IN BRIEF) Casino Group has initiated exclusive negotiations with Auchan Retail France and Rocca to sell its subsidiary Codim 2, which operates various retail formats in Corsica. Codim 2, comprising hypermarkets, supermarkets, cash & carries, and drive-throughs, achieved a turnover … Read the full press release

Brazilian Pulp Giant Suzano Enters Partnership with Lenzing Group in Share Acquisition

(IN BRIEF) The Lenzing Group announces a significant partnership as its main shareholder, B&C Group, and Brazilian pulp producer Suzano S/A sign a long-term agreement regarding Lenzing’s majority stake. Suzano will acquire a 15 percent stake from B&C Group, marking … Read the full press release

Deutsche Telekom Strengthens Majority Stake in T-Mobile US Through SoftBank Agreement

(IN BRIEF) Deutsche Telekom has announced its acquisition of approximately 6.7 million additional shares in its subsidiary, T-Mobile US (TM US), through a strategic agreement with SoftBank from Japan. This move comes as Deutsche Telekom exercises call options on TM … Read the full press release

Mutares Completes Acquisition of Eltel Networks, Strengthens Goods & Services Portfolio

(IN BRIEF) Mutares SE & Co. KGaA has finalized the acquisition of Eltel Networks Energetyka S.A. and Eltel Networks Engineering S.A. from Eltel AB, marking a strategic move to bolster its Goods & Services segment. These entities, recognized leaders in … Read the full press release

Circular Construction Advancements: Holcim Acquires Land Recovery in the UK

(IN BRIEF) Holcim, a global leader in sustainable construction materials, recently acquired Land Recovery, a UK-based supplier specializing in recycled construction materials, as part of its commitment to circular construction practices. This strategic move aligns with Holcim’s goal to recycle … Read the full press release

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