Mergers & Acquisitions
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Opportunity India Desk Jul 23, 2019 - 1 min readGurgaon-based Napino Auto & Electronics Ltd has partnered with the US-based Farasis Energy Inc to manufacture lithium ion battery packs for 2W and 3W in India. Naveen Kumar, CEO, Napino Auto & Electronics Ltd. said, "Our partnership with Farasis Energy comes in at the right time with the governments push to promote faster adoption of EVs. The manufacturing of ...
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Opportunity India Desk Jul 23, 2019 - 1 min readStudent housing startup Good Host Spaces Pvt Ltd, co-owned by Housing Development Finance Corp Ltd (HDFC), is eyeing for a fourfold expansion, from the current 14,000 beds to 65,000 beds in the next 18 months. Currently, Goldman Sachs Group Inc-backed company is operating in Jaipur, Bengaluru, Manipal and Punjab. It further plans to be present ...
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Opportunity India Desk Jul 20, 2019 - 1 min readEurolife Healthcare, one of the leading Indian specialty pharmaceutical, manufacturing and distribution company, has acquired the European intravenous infusions plant of Israel-based Teva Pharmaceutical Industries Ltd. With this acquisition, Eurolife has emerged as the first Indian company in the intravenous infusions business to set up manufacturing operations abroad. Sandeep Toshniwal, CEO, Eurolife Healthcare said, “Eurolife Healthcare ...
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Opportunity India Desk Jul 20, 2019 - 1 min readFrontline Education, a Malvern-based provider of school administration software for the K-12 education community, has inked a definitive agreement to acquire Perennial EdTech, based in the San Francisco Bay area. With the acquisition of Perennial EdTech, Frontline will bring greater value to the education community by expanding the depth and breadth of problems solved through its ...
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Opportunity India Desk Jul 20, 2019 - 1 min readDr. Bubbles is planning to triple its franchise network over the next few years as bubble tea is gaining popularity in India. The expansion will help the brand with its aim to become the best provider of bubble tea in the country. At present, the homegrown bubble tea franchise is operating 16 stores across India. ...
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Opportunity India Desk Jul 19, 2019 - 2 min readEbix Inc has acquired an online travel portal, Yatra Online Inc, for an enterprise value of $337.8 million (Rs 2,323.6 crore) in an all-stock deal. The acquisition marks Ebix’s biggest acquisition till date in India. Ebix, the US-based supplier of on-demand software and e-commerce services to the insurance, healthcare, financial and e-learning industries, will acquire ...
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Opportunity India Desk Jul 20, 2019 - 1 min readAgilent Technologies Inc will acquire BioTek for $1.165 billion. Privately-owned BioTek is a global leader in the design, manufacture and distribution of innovative life science instrumentation. The company’s comprehensive product line consists of cell imaging systems, microplate readers, washers, dispensers, automated incubators and stackers. In the fiscal year 2018 ending December 31, BioTek garnered revenues of $162 million. It is ...
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Opportunity India Desk Jul 15, 2019 - 1 min readOyo Hotels & Homes is looking to expand its offerings in Saudi Arabia. With this expansion, the hospitality firm aims to meet its target of creating 5,000 jobs for Saudis. The kingdom’s Public Investment Fund (PIF) and OYO signed a memorandum of understanding (MoU) in February 2019. Under this MoU, both of them agreed to ...
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Opportunity India Desk Jul 13, 2019 - 1 min readMicrosoft Corp and Providence St. Joseph Health have announced a multi-year strategic alliance for accelerating the digital transformation of health care. This alliance will be combining the power of Microsoft's cloud, artificial intelligence (AI), research capabilities, and collaboration tools with the clinical expertise and care environments of Providence St Joseph Health, one of the largest health ...
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Opportunity India Desk Jul 12, 2019 - 1 min readCollegeDekho.com, the education technology company, has acquired SFS Scholarship Facilitation Services, an overseas admission consulting firm, in a stock-and-cash deal. Ruchir Arora, Chief Executive of CollegeDekho, said, “We are looking at expanding to the US and Germany with this acquisition. We are evaluating more companies for acquisition in order to expand to new geographies or ...