Fomento Económico Mexicano, S.A.B. de C.V. (FEMSA), a major conglomerate in the retail and beverage sectors in Mexico, has announced a definitive agreement to divest a significant portion of its logistics subsidiary, Solistica, to Grupo Traxion for approximately 4.06 billion Mexican pesos (around $208 million USD). This transaction, revealed on October 10, 2024, represents a […]
Organon and Eli Lilly and Company have expanded their commercialization agreement for Emgality, a leading migraine treatment, into 11 additional markets, reinforcing their commitment to addressing one of the most prevalent neurological disorders worldwide. Organon and Eli Lilly Expand Emgality Agreement Organon, a global healthcare company with a focus on women’s health, and Eli Lilly […]
In a significant move within the tech consulting sector, Texas-based Nespon Solutions has announced the acquisition of Latin American Cloudblue Services. This strategic acquisition is valued not only for the financial investment but also for the broad capabilities and market expansion it brings to Nespon Solutions. Particularly, Nespon Solutions will gain enhanced expertise in Salesforce […]
Azelis (Brussels:AZE), a global leader in the specialty chemicals and food ingredients industry, has reached a definitive agreement to acquire Localpack S.A., a prominent specialty chemical distributor in Colombia. This acquisition marks a significant step in Azelis’ strategic expansion in Latin America, aligning with its regional growth objectives. Localpack S.A.: A Key Player in the […]
Chilean retail giant Parque Arauco S.A. (PARAUCO.SN) has revealed its new growth strategy involving the acquisition of a 51% stake in the fiduciary rights of an investment vehicle owning roughly 19,000 m2 of Gross Leasable Area (GLA) in Titán Plaza Shopping and Business Center, located in Bogotá, Colombia. This strategic move was executed through its […]
NG Energy International Corp. has initiated drilling at the Aruchara-3 well at the producing Maria Conchita field in La Guajira, Colombia. The project’s focus is to develop the H1A and H1B accumulations and explore the potential extension of more reserves and resources within the H2B section by testing this prospect. The well will be drilled […]
Hinduja Global Solutions (HGS), an India-based provider of digital consumer experience (CX), business process management (BPM), and digital media services, has inaugurated its new multilingual CX hub in Barranquilla, Colombia. The inauguration ceremony was graced by Group CEO Partha DeSarkar and various government dignitaries. Currently, the CX hub employs over 150 individuals, with plans to […]
Hinduja Global Solutions (HGS) said that it has opened HGS Colombia CX hub, a new multilingual customer experience (CX) hub in Colombia to support customers with English, Portuguese, and Spanish CX needs. The new contact center location of the Indian IT service management company is in Barranquilla on Colombia’s northern coast. Hinduja Global Solutions will […]
Urraca oil discovery : ONGC Videsh Limited (OVL) has pulled off an oil discovery in the onshore CPO5 block in the Llanos Basin in Colombia through the drilling of the Urraca-IX well. The fully-owned subsidiary and overseas arm of the Indian state-owned Oil and Natural Gas Corporation (ONGC) is the operator of the Colombian block […]
Route Mobile Limited has agreed to acquire Colombian cloud communication platform service provider Masivian S.A.S (Masiv) for a sum of up to $50 million. The consideration includes earn-out of up to $2.5 million. Route Mobile, which is an India-based cloud communication platform service provider, will carry out the acquisition through its fully-owned subsidiary — Route […]