acquisition Archives | Be Korea-savvy
European Commission Clears Alstom’s Acquisition of Bombardier Transportation

European Commission Clears Alstom’s Acquisition of Bombardier Transportation

MONTRÉAL, July 31 (Korea Bizwire) — Bombardier (TSX: BBD.B) and Alstom welcome the European Commission’s decision for conditional clearance of the proposed acquisition of Bombardier Transportation by Alstom. The Commission’s approval for the transaction is conditional on certain proposed engagements that consist of: A transfer of Bombardier Transportation’s contribution to the V300 ZEFIRO very high-speed train and [...]

Wessanen Has Acquired Danival, a Leading Producer of Locally Sourced Organic Products with Deep Roots in South West France

Wessanen Has Acquired Danival, a Leading Producer of Locally Sourced Organic Products with Deep Roots in South West France

AMSTERDAM, NETHERLANDS, July 21 (Korea Bizwire) – Wessanen and Hain Celestial have signed and closed an agreement for the purchase of Danival. Located in the South West of France, Danival is a leading brand in organic products based on fruits and vegetables sourced from France. It  has promoted sustainable local development since its creation 30 [...]

Bombardier Confirms Support for Commitments Announced by Alstom as Part of Bombardier Transportation Acquisition

Bombardier Confirms Support for Commitments Announced by Alstom as Part of Bombardier Transportation Acquisition

MONTRÉAL, July 9 (Korea Bizwire) — Bombardier (TSX: BBD.B) confirmed its support of the commitments announced by Alstom earlier today to address potential concerns raised by the European Commission in relation to Alstom’s acquisition of Bombardier Transportation, including the disposition of certain assets currently held by Bombardier Transportation.  Commitments to be submitted to the European [...]

LeddarTech Acquires VayaVision to Accelerate the Delivery of its Comprehensive and Open Sensor Fusion and Perception Platform for the Automotive and Mobility Market

LeddarTech Acquires VayaVision to Accelerate the Delivery of its Comprehensive and Open Sensor Fusion and Perception Platform for the Automotive and Mobility Market

QUEBEC CITY, July 7 (Korea Bizwire) – LeddarTech®, a leader in ADAS and AD technology, is pleased to announce the acquisition of sensor fusion and perception software company VayaVision. LeddarTech supports Tier 1-2 automotive system integrators with an open automotive and mobility sensing platform, including its LiDAR-based LeddarEngine™. There is an industry consensus that level 3 [...]

Constellation Brands Acquires Digitally-Native Wine Brand, Empathy Wines

Constellation Brands Acquires Digitally-Native Wine Brand, Empathy Wines

VICTOR, N.Y., July 1 (Korea Bizwire) – Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today its purchase of Empathy Wines, a high-performing, digitally-native wine brand and direct-to-consumer (DTC) platform co-founded by entrepreneur and media personality Gary Vaynerchuk with business partners Jon Troutman and Nate Scherotter. Empathy Wines focuses on producing [...]

Funds Managed by Affiliates of Apollo Complete Tech Data Acquisition

Funds Managed by Affiliates of Apollo Complete Tech Data Acquisition

NEW YORK, June 30 (Korea Bizwire) — An affiliate of certain funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) today announced completion of its acquisition of Tech Data Corporation (Nasdaq: TECD) (“Tech Data”), one of the world’s largest technology distributors. Chief Executive Officer Rich Hume will [...]

HDC’s Asiana Acquisition Delayed to H2 amid Pandemic

HDC’s Asiana Acquisition Delayed to H2 amid Pandemic

SEOUL, June 26 (Korea Bizwire) — HDC Hyundai Development Co.’s planned acquisition of Asiana Airlines Inc. has been delayed to the second half due to the new coronavirus’ impact on the airline industry, industry sources said Friday. In December, the HDC-Mirae Asset Daewoo consortium signed a deal to acquire the country’s second-biggest airline from Kumho [...]

Expereo Acquires Comsave, the Network Connectivity Intelligence and Sourcing Platform

Expereo Acquires Comsave, the Network Connectivity Intelligence and Sourcing Platform

AMSTERDAM, June 22 (Korea Bizwire) — Expereo, the global provider of managed Internet, Cloud access, and SD-WAN solutions, announces the acquisition of connectivity intelligence platform Comsave, accelerating the automation of sourcing and provisioning of its suite of global Internet access services. Comsave pioneers an industry-disruptive e-commerce platform, automating the sourcing and provisioning of Internet and [...]

Sinch AB (publ): Sinch Expands to India Through Acquisition of ACL Mobile

Sinch AB (publ): Sinch Expands to India Through Acquisition of ACL Mobile

Stockholm, Sweden, June 15 (Korea Bizwire) – Sinch AB (publ), a global leader in cloud communications for mobile customer engagement, has entered into a definitive agreement to acquire ACL Mobile Limited for a total cash consideration of INR 5,350 million. Using the current INR/SEK exchange rate of 8.17, this corresponds to SEK 655 million. Founded [...]