Wiz, a cloud security company, has announced its first acquisition ever, buying Raftt, a cloud-based platform for developers, for as much as $50 million. The deal will allow Wiz to integrate Raftt’s technology into its own products, enhancing its ability to bridge the gap between security and engineering teams. Raftt, founded in 2020 and based…
Tag: acquires
Bendigo and Adelaide Bank acquires $715mn ANZ Investment Lending portfolio
SYDNEY, AUSTRALIA: Bendigo and Adelaide Bank Limited (ASX: BEN) agreed to acquire the ANZ Investment Lending portfolio (ANZIL). The acquisition will allow Bendigo and Adelaide Bank to further grow its margin lending business, Leveraged Equities Limited, one of the leading and longest established margin lenders in Australia. The value of the portfolio the Bank is…
GFH acquires $300 million US student housing portfolio
MANAMA: GFH Financial Group announced its acquisition of a c. US$300 million student housing portfolio affiliated to select top-rated universities located in Texas, Michigan and Missouri in the United States (US). The acquisition is in partnership with GFH subsidiary Student Quarters, an Atlanta-based student housing specialist. The five assets acquired include facilities near Texas A&M University, Michigan State University…
Croma Locksmiths acquires Southern Stronghold Limited
LONDON, UK: Croma Security Solutions Group (AIM:CSSG) announced that its wholly owned subsidiary, Croma Locksmiths and Security Solutions Limited, has acquired Southern Stronghold Limited for a consideration of £0.96 million. Croma Locksmiths has acquired the entire issued share capital of Stronghold from its family owned parent company, Stronghold Trading Group Limited for a consideration of…
Huddlestock Fintech acquires Trac Services and Tracs Technology
OSLO, NORWAY: Huddlestock Fintech AS, a provider of innovative technology solutions to the capital markets, treasury, and wealth management industries, announced that a final and binding agreement to acquire 100% of the shares of Trac Services AS and Tracs Technology AS, as well as their regulatory licenses, has been signed. The highly complementary acquisition adds…
Elis acquires leading flat linen and workwear producer in Mexican market
SAINT-CLOUD, PARIS: Elis has announces the acquisition of a century-old business that is a leader in the Mexican market. Elis is an international multi-service provider, offering textile, hygiene and facility services solutions, which is present in Europe and Latin America. Following the initial announcement made on 9 March 2022, the Mexican competition authority have approved…
H&T Group acquires Swiss Time Services for £4.3 million
LONDON, UK: H&T Group announced the acquisition of Swiss Time Services Limited, a leading independent watch servicing and repair centre. H&T is paying a total consideration of £4.3 million for Swiss Time Services, inclusive of a net cash balance of £0.5m which is subject to an adjustment mechanism. The Acquisition will be funded from the…
Vertu Motors acquires Wiper Blades Limited for £3.5mn
LONDON, UK: Vertu Motors, the UK automotive retailer with a network of 160 sales and aftersales outlets, announced the acquisition of Wiper Blades Limited, a leading e-commerce business specialising in the on-line sale of car wiper blades and other associated products through operating websites. This acquisition is in line with the stated strategy of the…
Personal Group acquires Quintige Consulting Group for $0.9mn
LONDON, UK: Personal Group Holdings (AIM: PGH), the workforce benefits and services provider, announced the acquisition of Quintige Consulting Group Limited (QCG), a leading employee experience and reward consultancy, for a cash consideration of £0.9 million, a statement said. Quintige Consulting Group Limited (QCG) was founded in 2000 and has become a leading HR consultancy…
Ascential plc acquires Intrepid E-Commerce for up to $250mn
LONDON, UK: Ascential plc (LSE: ASCL.L) has acquired Intrepid E-Commerce Services Pte. Ltd., a provider of eCommerce execution services to brands in South East Asia, a statement noted. The acquisition is for an initial cash consideration of US$57m, plus deferred consideration payable over four years, contingent on meeting certain financial targets, resulting in an estimated…
DeepMatter acquires AI specialist ChemIntelligence
LONDON, UK: DeepMatter Group Plc, the digital chemistry data and software company, has acquired ChemIntelligence SAS in a transaction valuing the business at up to £0.42m, a news release said. ChemIntelligence has artificial intelligence (AI) that is used to develop chemical products and reactions faster. The business is based in Lyon, a city known as…
Elkem acquires KeyVest Belgium to grow specialty business in refractories
OSLO, NORWAY: Elkem ASA has entered into an agreement to acquire KeyVest Belgium S.A, a specialist company in the sourcing of materials and production of metal powders to the refractory industry and other segments including advanced ceramics, a bourse filing noted. This will expand Elkem’s product portfolio and create a platform for further growth. KeyVest…