Wipro has bagged a five-year contract worth more than $150 million from ABB to drive transformation for its Information Systems digital workplace services. The Indian IT services provider will help ABB’s Information Systems provide improved, consumer-grade digital experiences for its 105,000 employees in more than 100 countries. The engagement, which will be centrally led from […]
TVS Motor Company has acquired a 75% stake in Switzerland-based pure-play electric bike (e-bike) player Swiss E-Mobility Group (SEMG) for CHF60.28 million (INR 486 crores) to increase its footprint in Europe. The all-cash deal has come close on the heels of TVS Motor’s acquisition of technology companies Norton Motorcycles and EGO Movement in the region. […]
Tata Consultancy Services (TCS) has been roped in by Swiss non-life insurer la Mobiliere for driving its digital transformation program. La Mobiliere, which is following a digitization strategy, is modernizing its core business including core processes, products, and digital touch points for customers, employees, and partners with an aim to become future-ready. The Swiss insurance […]
Tata Consultancy Services (TCS) said that it has expanded its 18-year partnership with Swiss Re to help the reinsurance giant develop a digital workspace that is more social and open by tapping the cloud with an aim to fuel better collaboration and innovation. Under the initiative, the Indian IT services provider will help Swiss Re […]
The Zehnder Group, a Swiss provider of indoor climate solutions, has agreed to acquire a 75% stake in Caladair, a French ventilation company, for an undisclosed price. With the deal, Zehnder is said to expand its ventilation product portfolio by including large-scale units for commercial buildings as well as multi-family houses. Established in 1979, Caladair […]
Holcim Group, a Swiss building material company, has agreed to sell its Brazilian business to Companhia Siderúrgica Nacional (CSN) for $1.025 billion. The sale includes Holcim’s five integrated cement plants along with four grinding stations, 19 ready-mix concrete facilities, and six aggregates sites. The buyer — Companhia Siderúrgica Nacional is a fully integrated steel producer […]
Danske Bank has agreed to sell its international private banking activities in Luxembourg operating as Danske Bank International (DBI) to Switzerland-based Union Bancaire Privée (UBP). The Danish banking group expects the sale to give it a one-off gain of nearly DKK 250 million ($39.89 million). Danske Bank said that the transaction represents its efforts to […]
Swiss luxury goods company Richemont has acquired Delvaux, a Belgian luxury leather goods manufacturer, for an undisclosed price. Founded in 1829, Delvaux is claimed to be among the oldest luxury leather goods companies in the world. It is called the inventor of the modern luxury handbag as way back in 1908, the Belgian leather goods […]
Coca-Cola Hellenic Bottling Company (Coca-Cola HBC) has agreed to acquire a stake of 30% in Italian coffee company Casa Del Caffè Vergnano (Caffè Vergnano) for an undisclosed price. The Switzerland-based Coca Cola anchor bottler will acquire the stake through its fully-owned subsidiary CC Beverages Holdings II. Additionally, Coca-Cola HBC has entered into an exclusive distribution […]
Arthur J. Gallagher & Co. has taken full ownership of Switzerland-based Hesse & Partner and Hesse Consulting (together called Hesse and Partner) by acquiring the remaining shares from founder Guido Hesse. The terms of the deal were not revealed. The US insurance brokerage firm had forged a partnership with Hesse and Partner three years ago […]