McWin will acquire a majority stake in L’Osteria, a casual dining operator in Germany and Austria to further accelerate its expansion both in the DACH region and in new and existing European markets. The Czech Republic-based private investment firm McWin has not disclosed the value of its stake. With the investment, McWin and its affiliates […]
American potato processing company Lamb Weston has agreed to take full ownership of Lamb-Weston/Meijer, by buying out the remaining 50% stake in the European joint venture (JV) from Meijer Frozen Foods in a cash and stock deal worth €700 million. Lamb-Weston/Meijer is a supplier of frozen potato products in Europe, the Middle East, and Africa. […]
Deere & Company has wrapped up the previously announced acquisition of a majority stake in Kreisel Electric, an Austria-based developer of immersion-cooled battery technology. The financial terms of the deal were not revealed. Based in Rainbach im Mühlkreis, Kreisel Electric is engaged in manufacturing electric battery modules and packs that have high density and are […]
HCL Technologies said that it has expanded its digital transformation partnership with Austrian optical solutions provider ams OSRAM to digitize one of the latter’s key business processes. The aim of the extended partnership is to drive standardization of enterprise resource planning and customer relationship management systems across ams OSRAM. Frank Fehler — Senior Vice President […]
Aptean, an American provider of mission-critical enterprise software solutions, has acquired JET ERP Betriebsgesellschaft, an Austria-based provider of enterprise resource planning (ERP) software. The financial terms of the deal were not disclosed. JET ERP has been operating under the brand — Data Systems – Solutions made in Austria” for over 50 years. Headquartered in Vienna, […]
Moody’s Corporation has acquired PassFort and has agreed to acquire 360kompany (kompany), two Europe-based providers of onboarding and Know Your Customer (KYC) technology solutions. The financial terms of the deals were not disclosed. According to Moody’s Corporation, the acquisitions will complement its technology, analytical, and data capabilities, and improve its customer solutions for KYC, compliance, […]
CaixaBank said that it has divested its stake of 9.92% in Erste Group Bank, an Austria-based retail banking company, for a sum of €1.5 billion. The Spanish banking group sold its interest through a physical settlement of the equity swaps, representing around 19.3 million shares of Erste Group Bank, which is a stake of 4.5%. […]
Salzer Electronics said that it will create a joint venture (JV) called Salzer Kostad EV Chargers with Austria-based Kostad Steuerungsbau for manufacturing DC fast charging stations for electric vehicles (EV). The DC fast charging stations manufactured by Salzer Kostad EV Chargers will serve electrical cars, trucks, and buses, and components and systems in India, said […]
UBS Europe, a subsidiary of Swiss banking group UBS, will sell its Austrian wealth management business to Liechtenstein-based private banking and asset management company LGT. The financial terms of the transaction were not revealed by the parties. The Austrian wealth management business of UBS has assets under management (AUM) of about €4 billion. It has […]
Paramit, a US-based manufacturer of medical devices and life science instruments, has signed a deal to acquire Austria-based S.I.E. SOLUTIONS, as part of a strategic expansion into Europe. The financial terms of the deal were not disclosed. S.I.E SOLUTIONS is engaged in providing embedded technology solutions to customers across the healthcare and security technology sectors. […]