KPIT Tech on Wednesday announced that its board has approved the acquisition of four of the Technica Group companies with Euro 80 million ( ₹640 crore) fixed consideration to be paid over 6 months. The deal is expected...
Centerbridge weighs $3 billion sale of cloud IT firm Ahead – sources
Private equity firm Centerbridge Partners is preparing a sale of Ahead Inc in a deal that could value the enterprise cloud solutions provider at more than $3 billion including debt, according to people familiar with the...
Nomura Singapore buys 1.25 mn shares of BLS International worth Rs 27 cr
Global financial services firm Nomura Singapore on Monday purchased 12.5 lakh shares of technology services provider BLS International Services Ltd for Rs 27 crore through an open market transaction. According to bulk...
Siemens to buy U.S. software company Brightly in $1.58 bln deal
Siemens is buying U.S. tech company Brightly Software from private equity owner Clearlake Capital for $1.58 billion, the German engineering group said, its latest move to broaden its software credentials and grow faster...
Allsec Technologies to merge with Quess Corp in an all stock deal
Business process outsourcing firm Allsec Technologies will merge with technology-enabled staffing and outsourcing services firm Quess Corp in an all-stock deal, the companies said in a joint statement on Wednesday. Upon...
Lenovo buys $614 million stake in PCCW digital units for IT services growth
Chinese personal computers maker Lenovo Group is acquiring stakes worth $614 million in two digital units of Hong Kong telecoms firm PCCW Ltd, betting that a post-Covid recovery and hybrid work model will drive IT...
Tata Tech eyes acquisitions, 69% growth to nearly $800 mn by 2025
Tata Technologies (Tata Tech) is expected to grow 69 per cent to about $800 million by 2025, up from $473 million during 2021-22, driven by an increase in demand in the electric vehicle space and aviation, a top company...
ByteDance said to weigh sale of stake in sneaker reseller Poizon
ByteDance Ltd. is considering selling a minority stake in Poizon, an online marketplace for sneakers, according to people familiar with the matter. The TikTok owner has engaged in talks about a sale of a low single...
Cyient to acquire Portugal-based Celfinte for ₹340 crore
Hyderabad-based technology solutions firm, Cyient, has signed agreements to acquire Celfinet, a Portugal-based wireless engineering service provider for approximately Rs. 340 crore (€41 million), the company announced...
BetterPlace acquires OkayGo to help gig workers earn more in India
Tech platform for frontline workforce management BetterPlace announced to acquire OkayGo, an on-demand blue-collared gig workforce management platform, for an undisclosed sum. With this move, BetterPlace said it aims to...
How Broadcom CEO Hock Tan shaped a tech giant through acquisitions
Once a poor “skinny kid” from Malaysia, Hock Tan was going head-to-head with a legendary US technology mogul for a transformative acquisition. Tan placed a call earlier this month to VMware Inc Chairman...
Chipmaker Broadcom to buy VMware in $61 billion deal
Broadcom Inc said it will buy cloud service provider VMware Inc in a $61 billion cash-and-stock deal to further diversify the chipmaker’s business into enterprise software. Broadcom’s shares were up 1.6%...
