BENGALURU: Manipal Hospitals announced its intent to acquire 100% stake in Columbia Asia Hospitals Private Limited. The transfer of ownership to Manipal Hospitals is expected to be completed post regulatory approvals. The strong clinical expertise and breadth of services of Manipal Hospitals, complemented by the strengths of Columbia Asia in clinical and service quality, will…
Tag: Acquire
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.
Creo’s subsidiary Albyn Medical acquiring Boucart Medical for €5 million
LONDON: Creo Medical Group announced the acquisition of Boucart Medical SRL, the largest independent supplier of gastrointestinal (GI) endoscopy consumables in Belgium and Luxembourg, for an initial consideration of €4.5 million in cash plus up to €0.5 million of performance related consideration payable in cash over the next two years. Boucart Medical, founded in 1991,…
Arendals Fossekompani acquires Kontali Analyse, establishes Alytic
ARENDAL: Arendals Fossekompani, a green-tech investment company, has signed an agreement to buy a 71 percent stake in Kontali Analyse, a news release noted. “We are excited to have Arendals Fossekompani become the majority shareholder. Supported by the digital competence and financial capabilities of AFK, Kontali will be able to accelerate the digital transformation of…
Tate & Lyle to acquire tapioca business in Thailand
LONDON: Tate & Lyle Plc has signed an agreement to acquire an 85% shareholding in Chaodee Modified Starch Co., Ltd. (CMS), a well-established tapioca modified food starch manufacturer located in Thailand. This investment extends Tate & Lyle’s presence in speciality tapioca-based texturants and establishes a dedicated production facility in the main tapioca region of eastern…
Austal Limited to acquire BSE Maritime Solutions for A$27.5 million
SYDNEY: Austal Limited has entered into an agreement to acquire Australian-based BSE Maritime Solutions Group, a news release said. The acquisition of the business is at an enterprise value of A$27.5 million. BSE Maritime Solutions is a leading ship repair and support business for defence, commercial, tourism, and luxury vessel customers, operating in Cairns and…
Judges Scientific acquires Korvus Technology Limited for £2.64 million
LONDON: Judges Scientific, the group focused on acquiring and developing companies in the scientific instrument sector, has acquired the entire issued share capital of Korvus Technology Limited, a maker of vapour deposition systems. The Board expects the Acquisition to be immediately earnings enhancing. The initial consideration for Korvus is £2.64 million in cash. The consideration…
Rite Aid to acquire Bartell Drugs
SEATTLE: Rite Aid and Bartell Drugs have entered into a definitive agreement under which Rite Aid will acquire Bartell Drugs. The transaction is expected to be accretive to Rite Aid’s adjusted earnings per share after the first 12 months following the closing of the transaction. The transaction is expected to close by the end of…
Sydbank to acquire Alm. Brand Bank for DKK 1.833 billion
LONDON: Sydbank will acquire Alm. Brand Bank and consequently take over all the bank’s employees and the bank’s customers, a news release said. Sydbank A/S and Alm. Brand A/S have concluded an agreement to this effect. The provisionally calculated purchase price totals DKK 1.833 billion. Moreover the agreement involves the establishment of a partnership to…
Sumo Group to buy Lake Street Labs Buyer Corp for $99.5 million
LONDON: Sumo Group has signed a contract to acquire Lake Street Labs Buyer Corp, the owner of Pipeworks for an enterprise value of up to $99.5 million, with initial consideration of $59.5 million. This initial consideration is being satisfied as to $35 million from the Group’s existing cash resources and $24.5 million through the issue…
Smith+Nephew to acquire Integra LifeSciences’ Extremity Orthopaedics for $240 million
LONDON: Smith+Nephew, the global medical technology business, has agreed to acquire the Extremity Orthopaedics business of Integra LifeSciences Holdings Corporation for $240 million, a news release said. This acquisition will significantly strengthen Smith+Nephew’s extremities business by adding a combination of a focused sales channel, complementary shoulder replacement and upper and lower extremities portfolio, and an…
Spectrio acquires Industry Weapon
TAMPA: Spectrio, a provider of customer engagement technology, has acquired Industry Weapon, a digital signage company based in Pittsburgh, PA, a news release said. The acquisition further augments Spectrio’s suite of digital solutions, enhancing its strategic communications capabilities and adding scalable third-party integration solutions to meet the needs of global brands. Industry Weapon works with…
Pilot Energy to acquire Royal Energy
SYDNEY: Pilot Energy Limited has entered into a definitive share sale deed to acquire 100% of the shares of Royal Energy Pty. Ltd. against 143.939million Pilot shares, a news release said. Royal Energy is a privately owned Australian oil and gas company. The Acquisition is subject to the approval of Pilot shareholders which will be…