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Philips to Expand its Leadership in Patient Care Management Solutions for the Hospital with the Acquisition of Capsule Technologies, Inc.

Amsterdam, the Netherlands, Jan. 19 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced that it has signed an agreement to acquire Capsule Technologies, Inc., a leading provider of medical device integration and data technologies for hospitals and healthcare organizations. Capsule’s Medical Device Information Platform – comprised of device [...]

LG Electronics Acquires TV Data Analysis Firm Alphonso

SEOUL, Jan. 7 (Korea Bizwire) — LG Electronics Inc. said Thursday it has acquired U.S.-based TV data analysis startup Alphonso Inc. to boost its software and service capabilities in the TV business. The South Korean tech firm said it spent US$80 million to acquire a controlling stake of more than 50 percent in Alphonso. LG [...]

Hanwha Solutions Acquires U.S. Hydrogen Tank Maker

SEOUL, Dec. 28 (Korea Bizwire) — Hanwha Solutions Corp., a South Korean energy solutions company, said Monday it has signed a deal to acquire U.S. hydrogen tank firm Cimarron Composites LLC as part of a diversification strategy. Hanwha Solutions plans to complete the process to take over an entire stake in the U.S. industrial tank [...]

Sinch AB (publ): Sinch Receives Regulatory Approval for Acquisition of Wavy

Stockholm, Sweden, Dec. 24 (Korea Bizwire) – Sinch AB (publ), a global leader in cloud communications for mobile customer engagement, today announces that it has been granted regulatory approval for the acquisition of Wavy from the Superintendence-General of CADE, Conselho Administrativo de Defesa Econômica, which is the competition authority in Brazil. Closing of the transaction can [...]

Philips to Become a Global Leader in Patient Care Management Solutions for the Hospital and the Home Through the Acquisition of BioTelemetry, Inc.

Amsterdam, the Netherlands, Dec. 18 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, and BioTelemetry, Inc. (NASDAQ: BEAT), a leading U.S.-based provider of remote cardiac diagnostics and monitoring, today announced that they have entered into a definitive merger agreement. Pursuant to the agreement, Philips will commence a tender offer to [...]

Hyundai Motor to Acquire 80-pct Stake of Boston Dynamics from SoftBank

SEOUL, Dec. 11 (Korea Bizwire) – South Korea’s Hyundai Motor Group said Friday its affiliates and its chairman will buy an 80-percent stake, worth up to 900 billion won (US$828 million), in U.S. robotics firm Boston Dynamics Inc. in the latest move to propel its future mobility business. The board of directors at Hyundai Motor [...]

Korean Air to Conduct Due Diligence on Asiana Until Mid-March

SEOUL, Dec. 2 (Korea Bizwire) — Korean Air Lines Co., South Korea’s biggest carrier, said Wednesday it will conduct due diligence on Asiana Airlines Inc. until mid-March while drawing up an integration plan for the two airlines. Korean Air plans to raise 2.5 trillion won through rights offering early next year and spend 1.8 trillion [...]

Court Ruling Clears 1st Hurdle for Korean Air’s Asiana Takeover

SEOUL, Dec. 1 (Korea Bizwire) — A South Korean court on Tuesday rejected an injunction filed by a local equity fund against Hanjin KAL’s stock sales meant to fund its affiliate Korean Air Lines Co.’s takeover of smaller rival Asiana Airlines Inc., clearing one of the hurdles for the largest deal ever in the airline [...]

Korean Air’s Asiana Takeover Requires Regulatory Approval from 4 Countries

SEOUL, Nov. 29 (Korea Bizwire) — South Korea’s biggest carrier Korean Air Lines Co.’s planned acquisition of the debt-laden Asiana Airlines Inc. requires approval from antitrust authorities in at least four other countries, industry sources said Sunday. According to the aviation industry sources and the Fair Trade Commission (FTC), the planned merger requires review from [...]

Korean Air’s Asiana Acquisition Faces Bumpy Road After Injunction

SEOUL, Nov. 20 (Korea Bizwire) — Creditors’ plan to sell the debt-laden Asiana Airlines Inc. to its bigger rival Korean Air Lines Co. faces a bumpy road as a local equity fund has filed an injunction against the plan. On Tuesday, Asiana’s main creditor, the Korea Development Bank (KDB), signed an investment agreement with Korean [...]