AUSTIN – Natera Inc has acquired Foresight Diagnostics, a move that expands its portfolio of tests that detect trace amounts of cancer left after treatment, in a deal worth up to $450 million. The all-stock transaction includes a $275 million upfront payment and up to $175 million in earnouts tied to future revenue and…
CINCINNATI: ProMach, a global leader in packaging and processing solutions, announced on [Date] the acquisition of DFT Technology GmbH, a German specialist in thermal treatment and sterilization systems for the food industry. The move significantly strengthens ProMach’s position in the retort and sterilization equipment market. DFT, founded in 2000 and based in Neumünster, Germany,…
LONDON: discoverIE Group plc (LSE: DSCV), a leading international designer and manufacturer of customised electronics to industry, today announced the acquisition, subject to certain regulatory approvals, of Trival Antene d,o,o (Trival), a Slovenian-based designer and manufacturer of communication antennae and masts for defence and professional applications. Trival is being acquired for an initial cash consideration of €45.5m…
CHICAGO – GEM Realty Capital (GEM) has agreed to sell its equity investment in Aligned Data Centers as part of a $40 billion acquisition by a consortium led by Artificial Intelligence Infrastructure Partnership (AIP), MGX Fund Management Limited (MGX), and BlackRock’s Global Infrastructure Partners (GIP), the firm announced on Thursday. The transaction, one of…
PARIS – Quadient (Euronext Paris: QDT), a global automation platform for business connections, announced the signing of an agreement to acquire long-standing partner CDP Communications, a Canadian leader in document accessibility and automation solutions. The move strengthens Quadient’s offerings as new regulations in Europe and North America compel businesses to make digital documents fully…
LONDON: British engineering company Smiths Group Plc (SMIN.L) said on Wednesday it has agreed to sell its Smiths Detection business to funds advised by private equity firm CVC Capital Partners for an enterprise value of 2.0 billion pounds ($2.55 billion). The proposed deal marks the second major divestment by Smiths as it executes a…
LONDON – Judges Scientific Plc (AIM: JDG), the UK-based acquirer of scientific instrument businesses, said on Wednesday its subsidiary Geotek Limited has acquired the remaining 18% minority interest in Geotek do Brasil Ltda (GdB), which runs the group’s core digitalisation business in Brazil. The stake was purchased for an initial consideration of 13 million…
SYDNEY – Perseus Mining Ltd (ASX/TSX: PRU) said on Wednesday it has lodged a binding offer to acquire all shares in Predictive Discovery Ltd (ASX: PDI) it does not already own, in a move that could derail a rival agreement with Canada’s Robex Resources Inc. Perseus, which holds 17.8% of Predictive, offered 0.1360 of…
PRAGUE – FTMO, a global leader in proprietary trading technology, announced on Monday the successful completion of its acquisition of OANDA Global Corporation, a major online multi-asset trading group. The deal, finalized on December 1, marks a significant strategic move to create a comprehensive global trading services group. The transaction, initiated earlier this year with…
SALT LAKE CITY – PROG Holdings, Inc. (NYSE:PRG), the fintech parent company of Progressive Leasing, announced on Tuesday a definitive agreement to acquire Purchasing Power, a leading voluntary employee benefits platform, for $420 million in cash. The deal aims to significantly expand PROG’s reach into workplace financial wellness solutions. Purchasing Power partners with over 360…
PERTH – Australia’s IMDEX Ltd (ASX:IMD) said on Monday it will acquire Luxembourg-based Advanced Logic Technology (ALT) and its U.S. subsidiary Mount Sopris Instruments (MSI) for €55.8 million (A$98.9 million), strengthening its position in earth science sensors and geoscience software. The deal, funded through cash reserves and existing debt facilities, is expected to close…
BRUSSELS: Belgian industrial laundry machinery manufacturer JENSEN-GROUP NV said on Monday it has acquired the heavy-duty laundry equipment business of U.S.-based G.A. Braun, Inc. for $39.4 million, in a move to strengthen its manufacturing and service network in North America. The acquisition, executed by JENSEN’s North American subsidiary, gives the European company a state-of-the-art…