MIAMI: Corient, one of the nation’s largest and fastest-growing national wealth advisors, announced on Thursday that it has acquired Rootstock Advisors, a Pennsylvania-based registered investment advisory firm with approximately $600 million in assets under management as of January 31, 2025. This acquisition bolsters Corient’s ability to serve ultra-high-net-worth (UHNW) clients and extends its presence in…
Tag: acquires
Veris Limited acquires Spatial Vision Innovations for up to $3 million
SYDNEY: Veris Limited (ASX: VRS) announced Thursday the acquisition of Melbourne-based Spatial Vision Innovations Pty Ltd for up to $3.0 million, aiming to enhance its digital solutions and advisory services. The acquisition is expected to be finalized by early March 2025, subject to conditions precedent. Spatial Vision, founded in 1999, provides spatial solutions and GIS…
Serco Inc. acquires Northrop Grumman’s MT&S Business for $327 million
LONDON: Serco Inc., a subsidiary of Serco Group plc, has announced its agreement to acquire Northrop Grumman’s mission training and satellite ground network communications software business (MT&S) for $327 million in cash. The acquisition aims to enhance Serco’s scale, capabilities, and growth potential in the U.S. defense market, supporting programs across the U.S. Army, Space…
hVIVO acquires CRS units for €10 million
LONDON: hVIVO plc, a leading human challenge clinical trials organization, has acquired two clinical research units from German CRO CRS Clinical Research Services Management GmbH for €10 million. The Mannheim and Kiel units, known for cardiometabolic, immunology, and renal trials, add 120 beds to hVIVO’s capacity. The acquisition enhances hVIVO’s Phase I and II trials…
KKR acquires Dawsongroup to advance sustainable growth
LONDONH: Dawsongroup, a leading independent asset leasing business, and KKR, a global investment firm, announced today that KKR has entered into a binding agreement to acquire Dawsongroup. The acquisition is part of KKR’s Global Climate strategy aimed at scaling net-zero solutions and decarbonizing higher emitting assets, aligning closely with Dawsongroup’s sustainability goals. Established in 1935…
Tritax Big Box acquires Heathrow data center site, forms power JV
LONDON: Tritax Big Box REIT plc has announced the acquisition of a 74-acre site within the Slough Availability Zone near Heathrow Airport. The site, known as the Manor Farm site, is a key location for data centers within the EMEA region. Simultaneously, Tritax has secured a 50% stake in a joint venture with a leading…
DiscoverIE acquires German sensor manufacturer Burster Group for €30.6 million
LONDON: DiscoverIE Group plc, a leading international designer and manufacturer of customized electronics, has announced the acquisition of German-based specialist sensor manufacturer Burster Group for €30.6 million (£25.9 million) in an initial cash consideration. The deal will be funded from DiscoverIE’s existing debt facilities and includes an earn-out of up to €12.4 million (£10.5 million),…
IG Group Holdings acquires Freetrade for £160 million
LONDON: IG Group Holdings plc has announced the acquisition of Freetrade, a fast-growing, commission-free, self-directed investment platform, for £160 million. This acquisition aims to strengthen IG’s UK trading and investments offerings and provide access to new customer segments and capabilities. Breon Corcoran, CEO of IG, stated that this acquisition presents a rare opportunity to enhance…
Macfarlane Group acquires Pitreavie Group for £18 million
LONDON: Macfarlane Group PLC has announced the acquisition of The Pitreavie Group Limited for a maximum cash consideration of £18.0 million. This deal includes an earn-out of up to £4.0 million over two years, reflecting Macfarlane’s strategy to enhance its protective packaging business through both organic and acquisitive growth. Pitreavie, founded in 2005, specializes in…
GenusPlus Group acquires Geographe Tree Services for $7 million
SYDNEY: GenusPlus Group Ltd (ASX: GNP) has entered into a binding agreement to acquire 100% of the shares in Geographe Tree Services Pty Ltd (GTS) for total cash consideration of $7 million. The acquisition will be funded from internal cash reserves. GTS provides vegetation management services under a multi-year contract with a Tier 1 utility…
Elders Limited acquires Delta Agribusiness for $475 million
SYDNEY: Elders Limited has announced it will acquire 100% of the shares in Delta Agribusiness Pty Ltd for an enterprise value of $475 million. Delta is an Australian agribusiness offering rural products and advisory services through 68 locations and around 40 independent wholesale customers. In the last twelve months leading up to June 30, 2024,…
EQ Resources acquires Tungsten Metals Group for strategic growth
SYDNEY: EQ Resources Limited (EQR) has announced a binding Heads of Agreement (HoA) to acquire 100% of the shares in Tungsten Metals Group Limited (TMG) and its subsidiaries, as well as Mr. George Chen’s shares in Asia Tungsten Products Co Ltd (ATC). Together, TMG and ATC form TMG Group. TMG Group owns and operates the…