Modulex Modular Buildings, a UK-based constructech company, and PHP Ventures Acquisition, a special purpose acquisition company, have signed a definitive business combination agreement pursuant to which the former will become a publicly listed company and the latter will become its subsidiary. The business combination will operate under the Modulex Modular Buildings name and would have […]
IBM will acquire Octo, an IT modernization and digital transformation services provider, from Arlington Capital Partners to accelerate the US federal government digital transformation. The proposed acquisition marks IBM’s eighth acquisition of 2022 and comes on the heels of IBM Consulting’s acquisition of Dialexa, Neudesic, and Taos. Octo serves the US federal government and its […]
Japan’s Hiro Sake will soon launch the brand’s first ready-to-drink (RTD) canned saketini cocktail — Hiro Saketini to costumers in the US market. The saketini cocktail drink will debut with Black Cherry and Watermelon flavors in Florida this month while additional flavours will be introduced and distributed across the US in 2023. Hiro Saketini is […]
Italian confectionery giant Ferrero Group has agreed to acquire American ice cream manufacturer Wells Enterprises, its operations, and its ice cream brands. The acquisition will strengthen Ferrero’s expansion agenda in North America and the businesses of two-family companies. The terms of the transaction are not disclosed. Ferrero expects the acquisition to accelerate its strategic growth […]
Switzerland-based global private equity firm Partners Group has agreed to acquire a majority stake in Sunsure Energy, an Indian renewable energy and decarbonization solutions platform, for $400 million (approximately INR 3,290 crores). The proceeds from the transaction are expected to transform Sunsure Energy into a next-generation independent power producer. Post-closing, the Gurgaon-headquartered Sunsure Energy will […]
BJ’s Wholesale Club, an American membership warehouse clubs operator, will open its new club in Midlothian, Virginia on Friday, December 9, 2022. The new club situated at 12201 Bridgewood Crossing Drive will mark the retailer’s 15th location in the state and 235th club in the country. It will feature a BJ’s Gas Station on-site to […]
American supercenter chain Meijer will open its first two Meijer Grocery stores in southeast Michigan at Orion Township and Macomb Township on 26 January 2023. Spanning over 75,000-90,000 square feet each, the Meijer Grocery stores will feature produce and grocery, meat, bakery, full-service deli, pharmacy, health and beauty care, card and party and floral departments, […]
Squadron Energy, part of the Tattarang group of companies, has clinched a deal with Partners Group to acquire energy developer CWP Renewables for more than A$4bn ($2.7bn) to take its renewable energy operating portfolio to 2.4GW. The combined entity is set to become Australia’s largest renewable energy investor, operator, and developer. The acquisition is expected […]
NRG Energy has agreed to acquire US-based publicly-listed Vivint Smart Home for a consideration of $5.2 billion or $12 per share, which includes around $2.8 billion in cash and the assumption of $2.4 billion debt. The combined entity with a network of around 7.4 million customers across North America, is expected to become one of […]
Mondelēz International has opened a new regional supply chain distribution center in Sandston, Virginia to expand its supply chain footprint in North America. The new distribution site is part of the American snacks company’s $122.5 million investment over the next three years to ramp up its Henrico County operations. The facility will help Mondelēz achieve […]