SYDNEY: Australian cybersecurity firm archTIS Ltd. (ASX:AR9) announced Wednesday it will acquire the technology, customer base, and employees of U.S.-based data security provider Spirion LLC in a $15.7 million AUD deal, marking a major step in its U.S. expansion strategy. The acquisition, priced at 0.9x Spirion’s FY25 annual recurring revenue (ARR), will boost archTIS’ pro-forma…
Tag: acquisition
Vulcan Steel to acquire Roofing Industries in NZ$88 million deal
The company reported FY25 revenue of NZ$948 million, down 10.9% SYDNEY: Vulcan Steel Ltd (ASX/NZX: VSL) said on Tuesday it will acquire New Zealand-based Roofing Industries Ltd for NZ$88 million, marking its twelfth acquisition since 1995 and expanding its footprint into the steel roofing and cladding segment. The deal, which includes associated businesses Ribline Steel,…
Halma acquires Brownline for €150 million to bolster infrastructure technology portfolio
LONDON: Halma Plc (HLMA.L), the global group of life-saving technology companies, announced on Tuesday that it has acquired Brownline, a Netherlands-based provider of gyroscopic locating systems, for €150 million (approximately £129 million) in cash. The acquisition, funded from Halma’s existing facilities on a cash- and debt-free basis, is a strategic move to expand the company’s…
CIRCOR International to acquire Indian pump manufacturers Swelore and Hiro Nisha
BURLINGTON: CIRCOR International, Inc., a global manufacturer of flow control products and a KKR portfolio company, announced today that it has signed a definitive agreement to acquire Swelore Engineering Pvt. Ltd. and Hiro Nisha Systems Pvt. Ltd., two prominent Indian pump manufacturers. The acquisition aims to expand CIRCOR’s industrial product portfolio and strengthen its presence…
Air Liquide to acquire DIG Airgas in €2.85 billion deal, expanding South Korea footprint
PARIS: French industrial gas giant Air Liquide said on Friday it has signed a binding agreement to acquire DIG Airgas, one of South Korea’s leading integrated gas companies, in a deal valued at €2.85 billion ($3.1 billion). The transaction, expected to close in the first half of 2026, marks a strategic push into Asia’s fast-growing…
Cuscal surpasses FY25 forecasts; Acquires Indue Limited in $75 million deal
SYDNEY: Cuscal Limited (ASX: CCL) has posted robust FY25 financial results, exceeding its pro forma net profit forecast and declaring a final dividend of 5.5 cents per share, while simultaneously announcing the acquisition of Brisbane-based payments firm Indue Limited in a cash-funded $75 million deal. The acquisition, expected to close by December 31 pending regulatory…
Blackstone to acquire Shermco in $1.6 billion deal to expand energy transition portfolio
NEW YORK: Blackstone (NYSE: BX) announced Thursday that private equity funds affiliated with the firm have entered into a definitive agreement to acquire Shermco, a leading provider of full life-cycle electrical equipment services, from Gryphon Investors. The transaction values Shermco at approximately $1.6 billion. Founded in 1974, Shermco is one of the largest electrical testing…
Webjet Group accelerates business travel expansion with Locomote acquisition
MELBOURNE: Webjet Group Ltd. (ASX:WJL) announced Thursday it will acquire Melbourne-based business travel platform Locomote Holdings Pty Ltd for up to A$23 million, fast-tracking its corporate travel strategy and boosting long-term earnings. The deal includes A$17 million in upfront cash and a potential A$6 million earn-out tied to EBITDA targets. The acquisition enables Webjet to…
Symal Group acquires Locale Civil to expand utility infrastructure capabilities
MELBOURNE: Symal Group Ltd. (ASX: SYL) announced Thursday it has entered into a binding agreement to acquire 100% of Locale Civil Pty Ltd, a move aimed at strengthening its position in Australia’s utility civil infrastructure sector. The acquisition, valued at up to A$35 million, includes an upfront cash payment of A$29.3 million and a deferred…
Wilmington acquires Spain’s Conversia for €121.6 million to expand GRC footprint
LONDON: Wilmington plc (LSE: WIL), a provider of data, information, education and training services in global Governance, Risk and Compliance (GRC) markets, said on Tuesday it has agreed to acquire Spanish RegTech firm Professional Group Conversia, S.L.U. for €121.6 million ($132 million), subject to foreign investment clearance. The deal, funded through a mix of existing…
Pennington Creek Capital acquires majority stake in Rite in the Rain
DALLAS: Pennington Creek Capital, LLC, a Dallas-based private equity firm wholly owned by the Chickasaw Nation, announced Tuesday a majority equity investment in Rite in the Rain, a Tacoma, Washington-based manufacturer of water-resistant writing and field gear. “This investment in Rite in the Rain represents an important step in our business diversification,” said Chickasaw Nation…
Spark sells 75% stake in data center business to Pacific Equity Partners for up to $705 million
SYDNEY: Spark New Zealand has agreed to sell a 75% stake in its data center business to Pacific Equity Partners (PEP). The deal values the business at up to $705 million. This sale is intended to provide a funding pathway for Spark’s planned data center development pipeline of over 130MW+. Spark will retain a 25%…