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.
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…
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…
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…
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…
MILL VALLEY: Four Corners Property Trust (FCPT) announced the acquisition of a Caliber Collision property for $3.0 million. The property is located in a strong retail corridor in Illinois and is occupied under a net lease with the corporate operator who recently redeveloped the property. The lease has approximately 15 years of term remaining. The…
GERMANTOWN: Amentum Holdings LLC and DynCorp International announced a definitive agreement under which an affiliate of Amentum will acquire DynCorp. The acquisition, once finalized, will create one of the largest providers of mission critical support services, with more than $6 billion of combined revenue over the last 12 months. The combination with DynCorp will accelerate…
SAN JOSE: Hewlett Packard Enterprise (HPE) has completed the acquisition of Silver Peak, an SD-WAN (Software-Defined Wide Area Network) leader, in a transaction valued at $925 million. Silver Peak will become a part of Aruba, a Hewlett Packard Enterprise company. The acquisition will strengthen Aruba ESP (Edge Services Platform), helping to advance enterprise cloud transformation…
LONDON: Learning Technologies Group (LTG) has announced the proposed acquisition of eCreators for an initial cash consideration of A$5.5 million. eCreators is Australia’s largest provider of Moodle, the leading open-source LMS. The business will be integrated into LTG’s existing market-leading Moodle business, Open LMS. This acquisition is in line with LTG’s strategy to add complementary…
SYDNY: HCL Australia will acquire 100% of the shares in DWS Limited by way of a Scheme of Arrangement, a news release said. HCL Australia Services Pty. Limited is a wholly owned subsidiary of HCL Technologies Limited, which is a listed company on the National Stock Exchange of India (NSE) with a market capitalization that…
LONDON: Charles Taylor, a provider of services and technology solutions to the global insurance market, has acquired SBSA Inc. (Solutions Before, Solutions After). A full-service engineering and architectural firm, SBSA is licensed throughout the United States. “The addition of SBSA significantly expands and strengthens Charles Taylor’s engineering capabilities in the U.S.,” said Rob Brown, Group…
OSLO: Heimstaden Bostad has signed a purchase agreement for the acquisition of 130 properties comprising a total of 3,902 residential units, 208 commercial units and 321 parking spaces in Berlin, Germany – a total of 282,000 square meters of lettable area. Agreed purchase price is approximately EUR 830 million, which will be financed with debt…
MANAMA, BAHRAIN: The Bank of Bahrain and Kuwait (BBK), one of the largest commercial banks in Bahrain, and Ithmaar Holding, the parent of Ithmaar Bank, signed a Memorandum of Understanding (MoU) on the potential acquisition by BBK of Ithmaar Bank’s Bahrain operations as well as specific assets of IB Capital, a wholly-owned subsidiary of Ithmaar…