Larsen & Toubro’s (L&T) whole-owned subsidiary L&T Semiconductor Technologies (LTSCT) signed an agreement on Monday for acquisition of 100% stake in Bengaluru-based SiliConch Systems for a cash consideration...
Accenture acquires Excelmax Technologies to expand semiconductor design services
Global IT services firm Accenture acquired Bengaluru-based Excelmax Technologies, a semiconductor design services firm, to bolster its growing silicon design and engineering capabilities. Financial details of the...
Coforge acquires 17% stake in Cigniti Technologies for Rs 645 crore
IT company Coforge on Friday bought a 17 per cent stake in Cigniti Technologies for Rs 645 crore through open market transactions. According to the block deal data available with the BSE, Coforge purchased a total of...
UK-based IT firm Noventiq scraps SPAC deal to list on Nasdaq
London-headquartered information technology firm Noventiq and special purpose acquisition company Corner Growth Acquisition have mutually agreed to terminate their blank-check deal, the companies said on Thursday. The...
Tech Mahindra gains on plan of merger with subsidiaries
Tech Mahindra advanced 1.80% to Rs 1,426 after its subsidiaries, Healthnxt and Tech Mahindra Americas (TMA) approved merger of Healthnxt with the company. Healthnxt and TMA’s businesses are complementary...
Cognizant’s ambitious acquisition of Belcan raises questions
On Monday, Cognizant Technology Solutions Corp. announced it is buying Belcan LLC, a Cincinnati, Ohio-based engineering, research and development (ER&D) service provider, for $1.3 billion. Cognizant would pay $1.19...
France’s Atos to sell Worldgrid unit to Alten for about $290 mln
Debt-laden French tech group Atos said on Tuesday it has entered exclusive negotiations for selling its Worldgrid unit for an enterprise value of 270 million euros ($289.93 million) to engineering consulting group Alten...
Cognizant to acquire US digital engineering firm Belcan for $1.3 billion
Cognizant, the US-based outsourcing services major with a predominantly Indian technology service-delivery footprint, on Monday said it will acquire digital engineering firm Belcan for $1.29 billion (around Rs 10,700...
Blackstone sells 15.1% stake in Mphasis for ₹6,736 crore
Blackstone sold 28.5 million shares in Mphasis Ltd on Monday, amounting to a 15.1% stake, through a bulk deal on the National Stock Exchange. The global investment firm sold shares amounting to ₹6,735.6 crore in the...
Apollo, Kyndryl in bid for DXC Technology, sources say
Buyout firm Apollo Global and Kyndryl Holdings, the information technology services provider that was spun out of IBM, are in talks about a joint bid for DXC Technology, people familiar with the matter said on Monday...
SAP to acquire Israel-based WalkMe
Germany’s software firm SAP said it will acquire WalkMe, a Saas company headquartered in Tel Aviv. Both companies’ boards have approved the transaction for $14 per share, a premium of 45% on WalkMe’s...
Redcentric says in talks for sale to Milan-listed Wiit
British IT services group Redcentric is in the early stages of talks over a sale of the company to Milan-listed Wiit SpA, it said on Friday. The news followed a Reuters report that it was working with investment bank...
