BW Digital Pte. Ltd., an affiliate of BW Group Limited, has announced the formal completion of its acquisition of 100% of the shares of Hawaiki Submarine Cable Limited Partnership and International Connectivity Services Limited (“Hawaiki”). The transaction was subject to applicable regulatory filings and approvals, which have now all been received.
AMCS, a global supplier of integrated cloud-based software and vehicle technology for the environmental, utilities, waste, recycling, and resource industries, announced that it has entered into an agreement to acquire Quentic, one of the leading solution providers of Software as a Service for EHSQ and ESG management, for an undisclosed amount.
AutoGrid, a player in artificial intelligence (AI)-driven optimization for distributed energy resources (DERs), announced that it has signed a definitive agreement to be acquired by Schneider Electric, the global specialist in energy management and automation. The transaction between the two is subject to regulatory approval and other customary closing conditions and is expected to close in Q3, 2022. The acquisition will provide AutoGrid with the resources and global reach to accelerate its growth and pace of product innovation.
Airtasker Limited (‘Airtasker’) is pleased to advise that it has entered into a definitive agreement to acquire the assets of Oneflare, Australia's 3rd largest local services platform which serves more than 540,000 Customers and 14,500 verified businesses each year3. Oneflare has a strong presence in trades, home improvement and professional services.
Advanced Navigation, an innovator in AI robotics, and navigation tech announced the acquisition of Vai Photonics, a spin-out from The Australian National University (ANU) developing patented photonic sensors for precision navigation. Vai Photonics share a similar vision to provide tech to drive the autonomy revolution and will join Advanced Navigation to profit their research into autonomous and robotic apps across land, air, sea and space.
HCL Technologies UK Ltd, a subsidiary of HCL Technologies (HCL), a tech company, has signed a definitive agreement for the acquisition of Confinale AG, a Swiss-based digital banking and wealth management consultacy and Avaloq Premium Implementation Partner. HCL will increase its footprint in the global wealth management market with emphasis on Avaloq consulting, implementation and management capabilities. Founded in 2012, Confinale focuses on IT consulting in key specialist areas in banking and wealth management sector.
The Boards of Directors of LTI and Mindtree approved a composite scheme of amalgamation of both these independently listed IT services companies under the Larsen & Toubro Group. The integration will see LTI and Mindtree join strengths to create a scaled-up IT services provider exceeding $3.5bn. The deal is subject to shareholder and regulatory approvals. Both firms have delivered market leading financial performance and created value for shareholders. Given that recent industry shifts (e.g., prominence of large deals, preference for end-to-end offerings) are benefitting at-scale players, the two firms have decided that the time is appropriate to combine the strengths of both companies to better serve the clients.
Cigniti Technologies, digital assurance and quality engineering services firm, is set to acquire Aparaa Digital, a leading AI/ML, Data engineering, Analytics, and Blockchain services company that operates under the brand name RoundSqr. This is a firm step towards bolstering Cigniti’s strategic pursuit of becoming a specialized digital engineering and assurance services provider.
Apex Group Ltd., a global financial services provider, announces the close of the acquisition of MMC Group (“MMC”), New Zealand’s (NZ) provider of investment administration services, which includes the wholly-owned IFAA Group (“IFAA”) in Australia that offers fund administration, compliance and auxiliary services to the Australian superannuation industry. Founded in 2005, MMC provides full investment administration services to NZ’s investment managers. MMC has grown to administer funds over $68bn and over 900,000 active investor portfolios. Over 100 clients entrusted MMC with their investment administration.
Camplify Holdings Limited (ASX: CHL) is pleased to announce that the planned acquisition of Mighway and SHAREaCAMPER from Tourism Holdings Limited (THL) has now been completed.