Page 3 - Acquisition

Biocon arm plans to acquire Viatris' biosimilars assets; stock falls 8%

The companies will also enter into a transition services agreement. Viatris will provide certain transition services, including commercialization services for an expected 2-years

Biocon Biologics acquires Viatris' biosimilars business in $3.3 bn deal

BBL will also obtain Viatris' rights in all biosimilars assets, including its in-licensed portfolio and an option to acquire Viatris' rights in bAflibercept

Northern Arc Group to acquire SMILE Microfin

The transaction will involve the takeover of the microfinance portfolio of S.M.I.L.E., along with its network of nearly 150 branches catering to over 0.2 million customers.

IBM announces acquisition of US-based Neudesic; adds to India presence

IBM has stated that it will be focusing on hybrid cloud play which it says is a $200 billion opportunity

Shiprocket acquires majority stake in Glaucus Supply Chain Solutions

Zomato-backed e-commerce shipping platform Shiprocket on Monday announced its third buyout this year with the acquisition of a majority stake in Glaucus Supply Chain Solutions. Following the acquisition, the two platforms will combine their strengths to take the complexity out of fulfilment challenges faced by traders, retailers and brands, Shiprocket said. Shiprocket had earlier in January announced acquiring a 75 per cent stake in customer data platform Wigzo Tech and also the acquisition of business-to-business logistics aggregator platform Rocketbox. Besides, on February 5, it said the company had invested USD 1.5 million in software-as-a-service (SaaS)-based logistics start-up Logibrick. Continuing its acquisition spree, Shiprocket has acquired a majority stake in supply chain management company, Glaucus Supply Chain Solutions Pvt Ltd, and further the two companies have agreed to merge in due course, it said in a statement. The transaction will allow Shiprocket to accelerate

KFin buys Hexagram to expand into fund accounting, reconciliation solutions

KFin Technologies on Wednesday announced the acquisition of Hexagram Fintech, an IT product company specializing in fund accounting and reconciliation product development.

Don't need to look for assets after NINL buy: Tata Steel's TV Narendran

In a Q&A Tata Steel CEO and MD T V Narendran talks about what the acquisition means for the company's growth ambitions as also the near-term outlook

TVS Motor acquires 75% in largest Swiss e-bike player SEMG for $100 million

This will be the firm's second acquisition in Switzerland in e-mobility space in FY22. It took an 80% stake in EGO Movement for $17.9 mn in Sept 2021

Microsoft's plunge into the world of gaming

Microsoft took over gaming giant Activision Blizzard to provide 'building blocks for the metaverse'. But with metaverse still a distant dream, what is behind its plunge into the world of gaming?

Microsoft-Activision deal may face scrutiny by antitrust enforcers in US

Microsoft Corporations proposed $75 billion acquisition of Activision Blizzard Inc. is likely to receive a close look from antitrust enforcers in US, in tech sector, The Wall Street Journal reported.

Farm tech platform DeHaat acquires agri-input marketplace Helicrofter

Deal value not disclosed. Helicrofter has over 2000 agri-input retailers and 30 sellers across Maharashtra.

Tech Mahindra taps into insurance biz with acquisition of Com Tec Co IT

Deal struck at €310 mn; also invests 310 mn; €25 mn in acquiring 50% stake in SWFT & Surance

HCL Tech to acquire Hungary-based Starschema in a $42.5-mn deal

The strategic acquisition will bolster HCL's capability in digital engineering driven by data engineering and increase its presence in Central and Eastern Europe.

Flipkart Group acquires electronics recommerce firm Yaantra for unknown sum

Incorporated in 2013, Yaantra is a leading brand that repairs and sells refurbished consumer tech products such as smartphones and laptops

AI firm Fractal buys cloud and data player Neal Analytics for unknown sum

Founded in 2011, Neal Analytics is a Microsoft Gold Consulting Partner supporting its cross-industry clients, such as PepsiCo and Microsoft, in their data-driven transformation initiatives

Building an empire: Reliance joins top league of PE players with bold bets

Spends $5.7 bn on stakes and acquisitions in four years; $9 bn if Future deal cleared

Deal Street has best year with over 2,220 deals fetching $115 bn in 2021

Deal Street had the best year in 2021, clocking the highest tallies in both value and volume terms at USD 115 billion involving 2,224 deals, an industry report said. This was USD 37 billion and 867 transactions more than the corresponding figures for 2020. While 499 mergers and acquisitions (M&As) worth USD 42.9 billion were concluded in the year gone by, there were 1,624 private equity deals involving USD 48.2 billion, and 101 IPOs and QIPs worth USD 23.9 billion, of which 65 initial public offerings alone fetched a record USD 17.7 billion, according to data collated by Grant Thornton. The year was also a record in terms of large deals as there were 14 deals of over USD 1 billion each, 15 between USD 500 million and USD 999 million, and 135 between USD 100 million and USD 499 million. Though these transactions accounted for only 8 per cent of volume, they fetched as much as 80 per cent of value, the report said. Of the overall deals, domestic deals constituted 76 per cent and the

Atul Jalan-led AI co Algonomy seeks to buy Lankan tech firm Linear Squared

Deal value not disclosed; Linear Squared is a cloud-based tech company specialised in building demand planning and forecasting products for CPG, grocery retail industry and other industries

Wabtec Corp acquires Masu's rail friction business for $34 million

The acquisition will expand Wabtec's installed base and accelerate growth across its brake product portfolio

Westons sell iconic Selfridges chain to Thai-Austrian Group

Central and Signa will own the chain in a 50-50 partnership, according to a statement late Thursday London time.