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.
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, 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, 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…
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…
SYDNEY: 5G Networks Limited (5GN), a leading provider of cloud and network services, has announced the acquisition of Security Shift Pty Ltd, a cyber security and IT engineering company, for $4 million. The deal will be funded from 5GN’s cash reserves and shares, and will enhance 5GN’s capabilities in delivering secure and compliant solutions to…
PARIS, FRANCE: BOGART, specialised in the creation, manufacture and marketing of luxury perfumes and cosmetics, announced the acquisition of the “Rose et Marius”, House of Haute Parfumerie and Art of living in Aix en Provence. Created in 2012 and awarded the “Artisans d’Art” label in 2017, Rose et Marius offers original and refined fragrance creations…
LONDON, UK: Metals Exploration Plc, a gold producer in the Philippines, has entered into a conditional share purchase agreement to acquire a controlling interest in the YMC Group, which holds an extensive exploration tenement in the prospective Abra area of the Philippines. The acquisition consideration comprises US$1.6 million cash and the issue of options to…
Riskonnect, a leader in integrated risk management solutions, has acquired Ventiv Technology, a market-leading provider of risk, insurance, and underwriting technology solutions. The acquisition will enhance value for the 2,500+ combined customers globally and fuel growth and innovation for Riskonnect. Ventiv is known for its innovation in RMIS Analytics, claims administration, billing, and policy solutions….
Allient Inc., a global leader in the design and manufacture of precision and specialty motion, controls, and power products, has announced the acquisition of SNC Manufacturing Co., Inc. SNC, a top-tier designer and global manufacturer of electrical transformers, serves a diverse range of sectors including defense, industrial automation, alternative power generation, and energy. The acquisition…
SAINT-CLOUD: Elis, the global leader in circular services at work, today announced the signing of an agreement to acquire 100% of Moderna Holding BV in the Netherlands. The closing of the transaction is expected to occur before the end of Q1 2024, subject to the standard regulatory reviews. Moderna operates a very modern plant that…
GSK completes acquisition of Aiolos Bio LONDON: GSK plc, a global pharmaceutical company, announced today that it has agreed to acquire Aiolos Bio, Inc., a clinical-stage biotech firm developing a novel antibody therapy for asthma and other inflammatory diseases, for a total of $1.4 billion. The deal will give GSK access to AIO-001, a long-acting…
LONDON, UK: Croma Security Solutions Group plc (AIM:CSSG) has completed the acquisition of two separate locksmith businesses for a combined cash consideration of £438,000 which includes a freehold property valued at £0.35 million. The two locksmith businesses have a combined annual turnover of £0.5 million and operate from Peterborough and Worthing, a good fit with…