Page 8 - Acquisition

Unicorn fintech firm Pine Labs acquires Fave in deal valued over $45 mn

Malaysia-based company Fave, which provides QR payments and loyalty cashback to restaurants and retailers, has enabled 6 million consumers in Southeast Asia to save over $400 million since 2016

Mid-sized tech company Coforge acquires BPM firm SLK Global for Rs 918 cr

The acquisition is expected to expand Coforge's BPM operations, strengthen its financial services business, and increase presence in North America

Wipro to acquire Australian cybersecurity provider Ampion for $117 million

Ampion was formed through the merger of IT services providers Revolution IT and Shelde

Tech Mahindra acquires 70% stake in Perigord to augment pharma expertise

Digital transformation services provider Tech Mahindra acquired 70 per cent stake in Perigord, a leading supplier of consultancy and labelling artwork solutions to the pharma industry

Oil India led consortium to bid for BPCL's stake in Numaligarh Refinery

As part of a larger plan for disinvestment of Public Sector Undertakings, the government wants to privatise downstream oil refiner BPCL by the end of the first half of next financial year (2021-22)

Adani Ports completes acquisition of Dighi Port Ltd for Rs 705 crore

APSEZ to invest Rs 10,000 crore to develop facility into multi-cargo port

Happiest Minds acquires Pimcore Global Services for $8.25 million

Happiest Minds Technologies Ltd will acquire US-based Pimcore Global Services for USD 8.25 million (about Rs 60 crore). Houston-based Pimcore Global Services is a digital e-commerce and data management solutions company. "Happiest Minds Technologies Ltd has concluded and signed definitive agreements to acquire 100 per cent ownership interest of PGS Inc (doing business as Pimcore Global Services) for a consideration of USD 8.25 million," Happiest Minds said in a regulatory filing late Friday night. The acquisition will further strengthen Happiest Minds' offerings and leadership in the digital transformation space, it added. It will also help create greater digital capital for customers and facilitate onboarding more customer logos of strategic consequence. The acquisition is subject to customary closing conditions and is expected to close in the quarter ended March 31, 2021. The filing noted that PGS has a strategic partnership with Pimcore Austria for delivering solutions around .

Tech Mahindra to acquire Payments Technology Services for Rs 66 cr

The acquisition will give Tech Mahindra access to IPs and licenses for two products - Open Payment Framework (OPF) and Multi-Bank System (MBS), a regulatory filing said

Competition Commission gives nod to 8% acquisition of API Holdings by TPG

API Holdings is the parent entity of API Holdings Group and of Pharmeasy, a leading e-pharmacy player

Despite Covid-19, M&A and PE deal value rose by 7% to $80 billion in 2020

Around 25 per cent of this deal value could be attributed to sizable inbound investments in Jio Platforms.

Embassy Reit raises Rs 3,680 cr to fund acquisition of Embassy Tech Village

Listed in April 2019, Embassy Reit owns and operates a 33.3 million square feet portfolio

Garment Mantra acquires 83.8% stake in Jannat Fabrics, to pick up 100% soon

The management is expecting to acquire 100 per cent stake in the next few months to make it a wholly-owned subsidiary of Garment Mantra.

Adobe to acquire marketing start-up Workfront for $1.5 billion

The transaction is expected to close during the first quarter of Adobe's 2021 fiscal year

Pidilite acquires consumer and bazaar business of Araldite for Rs 2,100 cr

Pidilite Industries is acquiring complete interest in HAMSPL for a consideration of about Rs 2,100 crore to consolidate its leadership position in the domestic adhesive market

AMD agrees to buy rival Xilinx in $35-billion deal to take on Intel

Deal will broaden AMD's business into chips for 5G market, automotive electronics

Vedanta Resources leads India surge in dollar loans to fund local buyouts

Vedanta, the London-based commodity conglomerate controlled by billionaire Anil Agarwal, raised a $1.75 billion facility in August to finance a plan to take its Indian unit private

Infosys to acquire US-based firm Kaleidoscope Innovation for $42 million

Will pick up 100% stake in a deal that is expected to close during the second quarter of fiscal 2021

Acquisition of Future Group to strengthen RIL's retail footprint: Moody's

Last week, RIL announced that it will acquire Future Enterprise Limited's consumer business for a purchase consideration of around Rs 24,713 cr

Wipro completes acquisition of Brazilian IT firm IVIA Servios for $22.4 mn

In July, Wipro had said IVIA's local talent and long-standing relationships, combined with its own global expertise, will help expand its geographical footprint in Brazil

Equinix acquires GPX India data centres for $161 mn in an all-cash deal

GPX India has a fiber-connected campus in Mumbai with two datacentres and the deal is expected to close by March 2021 after mandatory approvals