SoftBank Group on Wednesday announced it will acquire ABB’s robotics division, a Swiss company, for about $5.4 billion, Nikkei Asia reported. The move marks a major step in founder Masayoshi Son’s push into artificial...
Roofing material firm TopBuild buys rival SPI after antitrust delay
TopBuild Corp said on Wednesday it has acquired Specialty Products and Insulation (SPI) for $1 billion in cash, about a year after the two building materials makers terminated an initial agreement over antitrust...
Honeywell spinoff Solstice to continue M&A playbook post separation
Solstice Advanced Materials will continue to look for merger and acquisition opportunities as a standalone company, its CEO David Sewell said on Wednesday, seeking to emulate parent Honeywell’s deal-making...
HSBC proposes $13.6 billion privatisation of Hong Kong’s Hang Seng Bank
HSBC said on Thursday it planned to privatise Hong Kong’s Hang Seng Bank in a deal worth HK$106.1 billion ($13.63 billion) after its majority-held subsidiary has come under fire for its performance and exposure to...
Germany’s Helsing to acquire Australian underwater drone maker
Germany’s Helsing will acquire Australian underwater drone maker Blue Ocean, the defence startup said on Wednesday, as it looks to expand its AI-powered autonomous systems in the marine sector. Helsing, which did...
Atelier Expressions acquires French porcelain manufacturer J.L. Coquet
TVS Venu, the international holding company of the founding family of TVS Motor Company, announced on Tuesday the acquisition of JL Coquet, a French porcelain manufacturer known for its Limoges craftsmanship. The move...
IKEA acquires US logistics tech company Locus in online growth push
IKEA has acquired U.S. logistics technology firm Locus, the two companies said on Tuesday, a deal the Swedish furniture retailer said would make its deliveries to shoppers smoother and faster as it invests to expand...
Data streaming software maker Confluent explores sale, sources say
Confluent is exploring a sale after attracting acquisition interest, according to three people familiar with the matter, the latest data infrastructure company to draw suitors for its potential in supporting artificial...
Emirates Global Aluminium explores bid for Brazilian aluminium firm CBA, sources say
United Arab Emirates-based Emirates Global Aluminium (EGA) is exploring an acquisition of Companhia Brasileira de Aluminio, two sources said, as the Brazilian producer’s operations along the entire production chain have...
Mars set to win unconditional EU nod for $36 billion Kellanova deal, sources say
Candy and snacks giant Mars’ $36 billion bid to acquire Pringles maker Kellanova is set to clear a major hurdle by winning unconditional European Union antitrust approval, three people with direct knowledge of the...
Rothschild family to sell entire stake in The Economist, Axios reports
British philanthropist Lynn Forester de Rothschild is looking to offload her family’s entire stake in global media and information company The Economist, Axios reported on Tuesday, citing a source familiar with...
Boeing set to win conditional EU okay for $4.7 billion Spirit deal, sources say
Boeing is set to gain EU antitrust approval for its $4.7 billion acquisition of Spirit AeroSystems, with remedies to address EU concerns expected to include sales of some of the latter’s businesses, people with...
