SYDNEY: Australian health insurer Medibank Private Ltd said on Wednesday it has agreed to acquire primary care provider Better Medical for approximately $159 million, expanding its foothold in the country’s general practitioner sector. The acquisition of Better Medical, which operates a network of 61 GP and medical clinics across Victoria, Queensland, South Australia, and Tasmania,…
Verbrec to acquire Alliance Automation from Telstra for $5.5 million
Verbrec to acquire Alliance Automation for $5.5 million, divests Competency Training business SYDNEY: Australian engineering services firm Verbrec Limited (VBC.AX) said on Wednesday it has agreed to acquire automation and control company Alliance Automation from Telstra Group Limited (TLS.AX) for an upfront cash consideration of A$5.5 million ($3.6 million). The acquisition, outlined in a share purchase…
Hansen Technologies to acquire UK’s Digitalk in $66 million deal
SYDNEY: Hansen Technologies Limited (ASX: HSN), a global provider of industry-specific software, announced on Wednesday it has entered a binding agreement to acquire 100% of UK-based Digitalk Group Holdings Ltd for an enterprise value of £33.1 million (approximately A$66.4 million). The acquisition, expected to be completed by the end of the 2025 calendar year pending…
DCM Holdings to acquire HOME TECH Inc., expanding renovation footprint in Tokyo Area
TOKYO — DCM Holdings Co., Ltd. said Tuesday it will acquire 100% of HOME TECH Inc., a Tokyo-based renovation and real estate firm, converting it into a consolidated subsidiary effective Dec. 1. The deal, part of DCM’s strategy to evolve into a “Comprehensive Company for Comfortable Living,” will strengthen its presence in the Tokyo metropolitan…
QIAGEN to acquire Parse Biosciences for $225 million in single-cell push
AMSTERDAM – Life sciences company QIAGEN NV said on Monday it has agreed to acquire Parse Biosciences, a provider of single-cell sequencing solutions, for an upfront $225 million in cash, aiming to capture a larger share of the fast-growing market for analyzing individual cells. The deal for the privately held U.S.-based company includes the potential…
CSW Industrials completes $650 million acquisition of MARS Parts
DALLAS — CSW Industrials, Inc. has finalized its acquisition of Motors & Armatures Parts, a leading distributor of HVAC and refrigeration components, for approximately $650 million in cash, the company announced Tuesday. The acquisition of MARS Parts significantly expands CSW’s product portfolio in the heating, ventilation, air conditioning and refrigeration market. The deal adds motors,…
Kinepolis signs deal to acquire US movie theatre chain Emagine Entertainment for $120 million
BRUSSELS: Kinepolis (Euronext: KIN) has reached an agreement to acquire the operations of the US movie theatre chain Emagine Entertainment. Kinepolis expects to complete the acquisition by the end of the year. As a result of this agreement, Kinepolis will add 14 cinemas to its portfolio, representing 177 screens and 18,000 seats, located in Michigan,…
Youtooz acquires UK brickset brand Microdesigns to expand into buildable collectibles
LONDON: Youtooz, the community-driven collectibles company, said on Wednesday it has acquired UK-based Microdesigns, a maker of premium brick-built display models of iconic venues and sports teams, marking its entry into the licensed sports goods category. The deal, whose financial terms were not disclosed, adds buildable collectibles to Youtooz’s product portfolio and strengthens its presence…
Hippocratic AI raises $126 million in Series C at $3.5 billion valuation
SAN FRANCISCO – Hippocratic AI, the global leader in safety-focused generative AI healthcare agents, today announced the close of its Series C financing, raising $126 million at a $3.5 billion valuation and bringing its total funding to $404 million. The funding was led by Avenir Growth, a leader in supporting category defining companies in generative…
Ripple acquires digital asset custody firm Palisade
SAN FRANCISCO – Ripple, a provider of cryptocurrency and enterprise blockchain solutions, said on Tuesday it has acquired digital asset wallet and custody company Palisade, a move aimed at significantly expanding its services for financial institutions and corporations entering the digital asset space. The acquisition will combine Ripple’s existing “bank-grade vault” for long-term storage with Palisade’s…
DXP Enterprises acquires Triangle Pump & Equipment
HOUSTON – Industrial distributor DXP Enterprises Inc said on Monday it has completed the acquisition of pump supplier Triangle Pump & Equipment Inc, a move aimed at expanding its geographic footprint and capabilities in the water and wastewater sector. DXP, which provides pumping solutions and other industrial equipment, funded the deal for Ridgefield, Washington-based Triangle…
Eli Lilly to build $3 bln Dutch plant to boost output of weight-loss pill
AMSTERDAM – Eli Lilly and Co (LLY.N) said on Monday it will invest $3 billion to build a new manufacturing plant in the Netherlands, expanding capacity for its experimental weight-loss pill orforglipron and other oral treatments as it races to meet soaring demand. The Indianapolis-based drugmaker is ramping up production of its key metabolic drugs,…