AGC Networks to acquire Fujisoft for $2.6mn
The acquisition will strengthen AGC’s presence and offerings in the Middle East and Africa region.
IndiGrid buys Jhajjar KT Transco for $40mn
IndiGrid aims to scale up its power transmission assets under management to $4 billion by 2022.
Airtel buys 10% stake in Voicezen
The acquisition will allow Airtel to make contextual offers to customer based on real time conversations.
Ola Electric buys Dutch scooter company Etergo
Ola will leverage Etergo’s design and engineering capabilities to build its smart electric two-wheeler product.
Serum Institute’s parent sells Praha Vaccine to Novavax
The deal will boost Novavax’s capacity to produce its COVID-19 vaccine candidate.
Switzerland’s Pioneering Ventures acquires Lateral Praxis
The acquisition will bolster the use of technology to improve operational efficiencies and quality in daily supply chain activities.
ITC to acquire Sunrise Foods
ITC entered into a share purchase agreement to acquire 100 per cent of the equity share capital of Sunrise Foods. Indian consumer goods giant ITC is set to acquire Kolkata based spices maker Sunrise Foods to bolster its food business. The company entered into a share purchase agreement on 23 May to acquire 100 per cent of the equity share capital of Sunrise Foods. However, the size of the deal was not revealed. According to the hotels-to-tobacco conglomerate, the proposed [...]
Endurance Technologies buys Grimeca Srl
The deal will help Endurance strengthen the technological prowess in the braking systems space. Auto components maker Endurance Technologies acquired Italian auto-parts manufacturer Grimeca Srl for Euro 2.25 million. The acquisition was made through Endurance Adler SpA, a step-down subsidiary owned by Endurance Overseas Srl. The deal will help Endurance strengthen the technological prowess in the braking systems space. The acquisition is also expected to provide impetus to the growth opportunities for the company’s braking business in India, both for [...]
Godrej Consumer takes full control of Canon Chemicals
The deal was made through Godrej East Africa Holdings, its wholly owned subsidiary. Godrej Consumer Products acquired the balance 25 per cent in Canon Chemicals for an undisclosed amount. Following the completion of the acquisition, the Kenya based firm will become a wholly owned subsidiary of Godrej Consumer. The transaction was made through Godrej East Africa Holdings, its wholly owned subsidiary. The company had earlier acquired 75 per cent stake in Canon Chemicals in 2016 at an undisclosed sum. Godrej [...]
Tata Consumer to acquire PepsiCo’s stake in NourishCo
The acquisition will help Tata Consumer to widen its portfolio in the F&B space. Tata Consumer Products Ltd (TCPL) is set to acquire PepsiCo’s stake in NourishCo Beverages as the FMCG company looks to expand its F&B portfolio. NourishCo is a 50:50 JV between the two companies. According to TCPL, the company will acquire entire stake of PepsiCo in NourishCo and transfer of rights over the Gluco Plus/Gluco+ brand from PepsiCo. The total cost of the acquisition is $3.9 million [...]