In a strategic move to expand its portfolio in the food and beverage sector, Lassonde Industries Inc. (TSX: LAS.A) has signed a definitive agreement to acquire Summer Garden Food Manufacturing, a subsidiary of The Zidian Group. This acquisition marks a significant step for Lassonde, a prominent manufacturer of private label and branded food and beverage […]
In a significant move within the biotechnology industry, AbbVie Inc. (NYSE: ABBV), a global biopharmaceutical company, has completed the acquisition of Celsius Therapeutics, Inc., a pioneer in the development of therapies for inflammatory diseases. This acquisition, valued at $250 million in cash, underscores AbbVie’s strategic commitment to expanding its immunology portfolio by incorporating Celsius’ promising […]
EverSmith Brands, a notable platform of B2B service-based franchise companies, has announced the acquisition of Prism Specialties, a leading provider of specialty restoration services. This acquisition positions EverSmith Brands to further diversify and strengthen its portfolio, which already includes renowned brands like U.S. Lawns, Clintar, Kitchen Guard, and MilliCare. The acquisition comes at a time […]
Kirloskar Pneumatic Company Ltd. (BSE: 505283, NSE: KIRLPNU), a prominent entity in the air, refrigeration, and gas compressor sectors, has signed a memorandum of understanding (MoU) to acquire a majority stake (above 51%) in Systems & Components India Private Ltd. (S&C). This move marks a significant strategic expansion for Kirloskar Pneumatic Company Ltd. into the […]
In a transformative move, Waste Management, Inc. (NYSE: WM) has reached a definitive agreement to acquire all outstanding shares of Stericycle (NASDAQ: SRCL) for $62.00 per share in cash. This deal, valued at approximately $7.2 billion including $1.4 billion of Stericycle’s net debt, marks a significant premium of 24% over Stericycle’s recent trading figures. This […]
ABN AMRO has announced the acquisition of Hauck Aufhäuser Lampe (HAL), a prominent German private bank, from Fosun International for EUR 672 million. This strategic move significantly enhances Bethmann Bank, ABN AMRO’s private banking arm in Germany, positioning it as one of the leading banking service providers for affluent clients and institutions in the region. […]
In a significant development within the B2B payments sector, Corpay (NYSE: CPAY) has signed a definitive agreement to acquire Paymerang, a McLean-based leader in payment automation solutions. This acquisition is poised to enhance Corpay’s service offerings across various industries including education, healthcare, hospitality, and manufacturing, marking a notable expansion in their capabilities. Details of the […]
Sandvik, a global leader in engineering and manufacturing solutions, has completed its acquisition of Almü Präzisions-Werkzeug GmbH (Almü), a cutting tools and solutions provider based in Germany. Almü, specializing in high-precision drilling, reaming, milling, and tooling systems, will be integrated into Sandvik Coromant, a division within Sandvik Manufacturing and Machining Solutions. Key Points: 1. The […]
LSI Industries Inc. (NASDAQ: LYTS), a prominent U.S.-based manufacturer of commercial lighting and display solutions, has announced the acquisition of EMI Industries for an all-cash transaction valued at $50 million. EMI, a Florida-based leader in metal and millwork manufacturing, is known for its custom fixtures and displays catering to the convenience store, grocery, and restaurant […]
Aurionpro Solutions Limited (BSE: 532668) (NSE: AURIONPRO) has announced a significant move in the fintech industry with its acquisition of Arya.ai, a Platform as a Service (PaaS) startup specializing in banking and insurance. This strategic acquisition, costing approximately 16.5 million USD, includes a combination of share purchases from existing shareholders and new equity capital, marking […]