ABU DHABI: Investcorp Capital PLC said on Friday it had acquired Kanawha Scales & Systems (KSS), a U.S. provider of industrial weighing services, from American Equipment Holdings. The acquisition, arranged by Investcorp Capital’s founding company Investcorp, expands the Abu Dhabi-listed firm’s portfolio of U.S. industrial assets. Financial terms of the deal were not disclosed. Headquartered…
Tag: M&A
Australia’s Horizon Minerals to sell Lake Johnston project for A$35 million
SYDNEY: Australian miner Horizon Minerals Ltd said on Friday it has agreed to sell its non-core Lake Johnston nickel project to Forrestania Resources Ltd for A$35 million ($23.2 million), as it focuses on developing its flagship gold asset. The divestment, outlined in a binding Heads of Agreement, will see Horizon receive A$30 million in cash…
Marchex to acquire AI firm Archenia in stock-and-note deal
SEATTLE: Marchex Inc. (NASDAQ: MCHX), a provider of AI-powered conversational intelligence, announced on Thursday it has entered into an agreement in principle to acquire Archenia, Inc., a performance-based customer acquisition company, in a deal structured to accelerate its push into AI-verified marketing outcomes. The proposed transaction, valued around $10 million upfront, will see Marchex pay…
BlueScope sells stake in Indian steel joint venture to partner Tata Steel
MELBOURNE: Australian steelmaker BlueScope announced Thursday it has agreed to sell its 50% stake in the Tata BlueScope Steel (TBSL) joint venture to its partner, Tata Steel. The companies formed TBSL in 2005, building it into a leading supplier of coated and painted steel products for India’s building and construction sectors. In a statement, BlueScope…
ABN AMRO to acquire NIBC Bank for EUR 960 million
AMSTERDAM – Today, ABN AMRO Bank N.V. announces that it has reached agreement with Blackstone to acquire NIBC Bank. With the acquisition, ABN AMRO will add further scale to its retail banking activities, reinforcing its strong position in the Dutch market. Established in 1945, NIBC is a well-managed largely Dutch focused entrepreneurial bank specialised in…
Vection Technologies to acquire Monogic Limited in APAC expansion pushdd
SYDNEY — Vection Technologies Ltd (ASX:VR1) said on Tuesday it will acquire Hong Kong and Singapore-based digital marketing agency Monogic Limited in a scrip-only deal aimed at accelerating its expansion across the Asia-Pacific region. The acquisition, expected to close by Dec. 31 pending regulatory and shareholder approvals, will see Vection issue up to A$1.6 million…
Life360 to acquire ad tech firm Nativo in $120 million deal to boost Ad platform
SAN FRANCISCO – Family safety app maker Life360 Inc said on Tuesday it has agreed to acquire advertising technology company Nativo for approximately $120 million in cash and stock, a move aimed at accelerating the growth of its advertising business. The acquisition will combine Life360’s first-party data on family locations and behavior with Nativo’s network…
Permira-backed bidco to acquire JTC in £2.3 billion cash deal
LONDON: Private equity firm Permira has agreed to acquire fund administration group JTC Plc (JTC.L) through its newly formed vehicle Papilio Bidco Ltd in a recommended cash deal valuing the company at approximately £2.3 billion ($2.8 billion). Under the terms of the offer, JTC shareholders will receive 1,340 pence per share in cash, representing a…
Stealth Group acquires Hardware & Building Traders in A$22 million deal; Upgrades FY28 guidance
SYDNEY: Stealth Group Holdings Ltd (ASX: SGI) said on Monday it will acquire Hardware & Building Traders Pty Ltd (HBT), Australia’s largest privately owned hardware buying group, for A$22 million in cash, in a move that positions the company as a leading alternative to industry giants Wesfarmers and Metcash. The acquisition, funded through extended bank-debt…
Cluey to acquire Education Futures Group for up to $6.5 million
SYDNEY: Cluey Ltd (ASX: CLU), Australia’s largest online tutoring platform, has announced a binding agreement to acquire Education Futures Group Pty Ltd (EFG), the parent company of the Art of Smart group, in a deal valued at up to $6.5 million. The acquisition is part of Cluey’s strategic push into hybrid education, combining its digital…
Jabil Inc. to acquire Hanley Energy Group for $725 million
ST. PETERSBURG: Jabil Inc. (NYSE: JBL) said on Wednesday it has entered into a definitive agreement to acquire Hanley Energy Group, a provider of energy management and critical power solutions for data centers, in an all-cash deal valued at approximately $725 million. The agreement includes up to $58 million in contingent consideration tied to future…
Medibank to acquire Australia’s primary care provider Better Medical for $159 milliond
SYDNEY: Australian health insurer Medibank Private Ltd said on Wednesday it has agreed to acquire primary care provider Better Medical for approximately $159 million, expanding its foothold in the country’s general practitioner sector. The acquisition of Better Medical, which operates a network of 61 GP and medical clinics across Victoria, Queensland, South Australia, and Tasmania,…