LUXEMBOURG – OrbitsIQ Global, a global telecommunications company, recently acquired UNIO Enterprise (UNIO), a Munich-based provider of broadband connectivity solutions that merge space-based and terrestrial networks, including 4G and 5G. The terms of the transaction were not disclosed. Founded in 2022 as a joint venture between Isar Aerospace, Reflex Aerospace, Mynaric, and SES, UNIO has…
NEW YORK: Stellex Capital Management, a private equity firm with more than $5 billion in assets under management, announced Friday it has acquired Crest Ultrasonics, a global manufacturer of advanced cleaning and welding equipment. Crest, headquartered in the U.S. with operations across Europe and Asia, has served industrial sectors for over six decades, including healthcare,…
SAN JOSE: Cadence Design Systems Inc. (Nasdaq: CDNS) said Thursday it has agreed to acquire the Design & Engineering business of Hexagon AB, including its MSC Software unit, in a €2.7 billion deal aimed at accelerating Cadence’s Intelligent System Design™ strategy and expanding its footprint in the structural analysis market. Under the terms of the…
Blue Yonder, a leading supply chain solutions provider, has announced its acquisition of flexis AG, a software technology company that specializes in production optimization and transportation planning and execution. The acquisition strengthens Blue Yonder’s capabilities to help companies with highly configurable products and expansive suppliers to plan and optimize their complex production facilities and network…
SYDNEY, AUSTRALIA: Stealth Global Holdings’ subsidiary, Heatley Sales Pty Ltd has reached an agreement to acquire the business assets of Skipper Transport Parts (STP) for A$4.2 million. STP is currently an operating division within AMCAP, a subsidiary of Eagers Automotive Limited, Australia’s largest automotive retail group. STP is a market leading distributor of Industrial MRO…
IRVING: Neovia Logistics has entered into an agreement to acquire Temmel Logistik Center (TLC), an Austria-based provider of automotive manufacturing inbound logistics support services, a news release said. The transaction is expected to close in early 2021 pending regulatory clearance. “We believe TLC will be an outstanding addition to the Neovia lineup, particularly in the…