The word “acquire” is a verb that means to buy or obtain something for oneself, learn or develop a skill, or come to have something as a result of one’s behavior or activities.
SAN FRANCISCO: Woven Planet Holdings, a subsidiary of Toyota Motor Corporation, has signed an agreement for the acquisition of Lyft Inc.’s self-driving vehicle division, Level 5 in a $550 million deal The transaction also includes multi-year non-exclusive commercial agreements between Lyft and Woven Planet to accelerate the development and enhance the safety of automated driving…
LONDON: Plus500 Ltd has conditionally agreed to acquire all of the membership interests of Cunningham Commodities LLC., a regulated Futures Commission Merchant (FCM), and Cunningham Trading Systems LLC. (CTS), a technology trading platform provider, operating in the futures and options on futures market in the US. Compelling strategic rationale The Acquisition represents a major growth…
LONDON: KBC Bank Ireland has entered into a Memorandum of Understanding (MoU) with Bank of Ireland, expressing the parties’ intention to explore a route that could potentially lead to a transaction whereby Bank of Ireland commits to acquire substantially all of KBC Bank Ireland’s performing loan assets and liabilities. The transaction remains subject to customary…
LONDON: AdEPT Technology Group completed the acquisition of the entire issued share capital of Datrix Limited for an initial cash consideration of £9.0m, which has been funded through the Group’s new bank facility, a news release said. Datrix is a well-established, award-winning supplier of advanced cloud-based networking, communications, and cyber security solutions, headquartered in London,…
OSLO: BEWI ASA has acquired 51 percent of the Danish paper packaging company Honeycomb Cellpack A/S, a news release said. Honeycomb provides protective packaging solutions, including design, development and manufacturing of sustainable packaging which is both recyclable and biodegradable. “Through this acquisition, we are broadening our product offering within protective packaging, in line with our…
LONDON: Dev Clever Holdings has entered into a comprehensive agreement to acquire entire shareholding of Veative Labs Pte Ltd (VLPL), a wholly owned Indian subsidiary of Veative. The consideration for the acquisition of Veative Labs Pte Ltd (VLPL) is to be settled through the issuance of 150 million new ordinary shares in the Company. Based…
LONDON: Croda International Plc announced that its fragrances and flavours subsidiary, Iberchem, has agreed to acquire Parfex S.A., a fine fragrance business based in Grasse, France, for a total enterprise value of €45 million. Established in 1985 and now employing 75 people, Parfex creates fragrances principally for premium personal care and fine perfumery markets, leveraging…
SYDNEY: The GO2 People Ltd has entered into a Share Purchase Agreement to acquire all of the shares in leading WA-based Employment Services provider Skill Hire Australia Pty Ltd. The transaction aligns with the Company’s previously stated strategic plan to add high quality businesses to its portfolio under the GO2 umbrella, and its continued focus…
DEERFIELD BEACH: Reel Telecommunications, a communications construction services firm, has been acquired by Full Circle Fiber Partners, an affiliate of Mill Point Capital. Reel will continue to operate independently under its new name, Reel Broadband LLC. Reel is a fast-growing business that will continue to expand its leadership in telecommunications infrastructure services within the Full…
TORONTO: IM Cannabis Corp. has entered into a definitive agreement to acquire MYM Nutraceuticals Inc. and its licensed producer subsidiary Highland Grow Inc. Under the terms of the transaction, the shareholders of MYM will receive 0.022 common shares of IMC for each common share of MYM. Based on the 20-day volume-weighted average price (VWAP) of…
LONDON: Macfarlane Group announced the acquisition of Carters Packaging (Cornwall) Limited, the owner of Carters Packaging Limited, for a maximum cash consideration of £4.5 million. Carters is a well-established business, based in Redruth, Cornwall, and is the leading distributor of protective packaging in the South-West of England. The acquisition is in line with Macfarlane’s declared…
LONDON: Altona Rare Earths has signed an Option Deed to acquire a 70% legal and beneficial interest in Leadway Group Ltd, a Ugandan registered company, which is the owner of the Nankoma Rare Earths Project in Uganda. The Nankoma Project is held under Exploration Licence EL00115 and covers an area of 67.5 km2 and is…