ITT Inc., a diversified manufacturer of critical components and technology solutions, announced today that it has completed its acquisition of Svanehøj Group A/S, a Danish company that specializes in pumps and services for low-emission and green fuels in the marine sector. The deal, which was announced on Nov. 1, 2023, is valued at €300 million…
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.
ECIT AS has acquired 24.98% stake in the Norwegian software firm Zirius AS
OSLO, NORWAY: ECIT AS has acquired 24.98% stake in the Norwegian software company Zirius AS. The investment strengthens ECIT`s position within accounting software in Norway and is a good fit to the digital development in ECIT. ECIT is acquiring 24.988 % of the shares in Zirius, with an opportunity to invest further in Zirius in…
Edgewater Equity Partners has acquired Ascent Technologies
Ascent Technologies, a leading provider of AI-enabled compliance automation solutions for financial services companies, has been acquired by Edgewater Equity Partners, a Boston-based private equity firm. The deal aims to accelerate the development of Ascent’s compliance automation platform and enhance its value proposition to customers. Ascent’s platform uses AI to monitor the financial services regulatory…
Louis Dreyfus Company signs deal to acquire Namoi Cotton for $0.51 per share
SYDNEY, AUSTRALIA: Namoi Cotton Limited has entered into a Scheme Implementation Agreement (SIA) with Louis Dreyfus Company Asia Pte. Ltd. (LDC) to acquire the remaining 83% of issued shares in Namoi that it does not currently own, by way of a scheme of arrangement. Under the Scheme, Namoi shareholders will receive a total cash consideration…
Payroll Growth Partners (PGP) has acquired School Payroll Services (SPS)
Payroll Growth Partners (PGP) has acquired School Payroll Services (SPS), a leading provider of payroll services for charter schools in the US. The acquisition will enable School Payroll Services to access Payroll Growth Partners’s state-of-the-art payroll technology, which includes innovative features such as the WageLink App and Early Wage Access (EWA) services. The deal will…
Bersh HOA acquires Marsh Landing Management
Bersh HOA, LLC, a company that partners with independent community management companies across the US, has acquired Marsh Landing Management Company, Inc., a boutique property management firm for HOA communities in Northeast Florida. The acquisition is part of Bersh HOA’s mission to grow its presence in the property management industry and offer owners an exit…
Accrol Group has acquired Seven Delta Limited
LONDON: Accrol Group (AIM: ACRL), the UK’s leading independent tissue converter, has completed the acquisition of Severn Delta Limited, a £5m revenue wet wipe and tumble dryer sheet manufacturer based in Somerset, for an EBITDA multiple of less than 3x before synergies. The acquisition was funded from the Group’s existing cash reserves. The acquisition of…
FDE to acquire Greenstat ASA in a €41.9 million deal
PARIS: La Francaise De L Energie (FDE), a carbon negative energy producer listed on Euronext, has agreed to acquire a controlling stake in Greenstat ASA, a leading green energy operator based in Norway, with a strong focus on hydrogen and solar activities. The deal, worth up to €41.9 million, will allow FDE to expand its…
Dynamic Group acquires Airwell Flow Testing for A$2m
SYDNEY: Dynamic Group Holdings Limited (ASX: DDB), a water services company, has announced the acquisition of Airwell Flow Testing, a division of Airwell Group Pty Ltd, for A$2 million. The deal is expected to be completed in February 2024, with A$1.5 million paid upfront and A$0.5 million deferred until August 2024. Airwell Flow Testing is…
MLC CAD Systems acquires Equivaq Software
MLC CAD Systems, a leader in design and manufacturing solutions, has acquired Equivaq Software, a provider of PDM add-ons and consulting services. “This strategic move is a significant step forward in our commitment to expanding our services and enriching our offerings to serve our customers better,” says Kevin Schreiner, Sales Director at MLC. The acquisition…
Synopsys to buy Ansys for $35 billion in biggest tech deal of the year
Synopsys, a leading provider of software for chip design, announced on Tuesday that it has agreed to acquire Ansys, a maker of simulation software for various industries, in a cash-and-stock deal valued at $35 billion. According to Reuters, the deal, which is the largest in the technology sector since Broadcom‘s $69 billion acquisition of VMware…
Oakley Capital Investments agrees to acquire Steer Automotive Group
LONDON, UK: Oakley Capital Investments Limited (OCI) announced that Oakley Capital Fund V2 (Fund V) has agreed to acquire Steer Automotive Group, the UK’s leading B2B automotive services platform. OCI’s indirect contribution via Fund V is expected to be up to £90 million. Steer Automotive Group is the UK’s largest and fastest-growing independent collision repair…