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 [...]
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 [...]
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 [...]
SEOUL, June 11 (Korea Bizwire) — Celltrion Inc., a South Korean biopharmaceutical firm, announced Thursday that it has signed an agreement to acquire the business rights for 18 brands of Takeda Pharmaceutical of Japan in the Asia-Pacific region. Under the 332.4 billion won (US$278.2 million) deal, Celltrion is set to secure the patent, trademark and [...]
SEOUL, June 9 (Korea Bizwire) — HDC Hyundai Development Co., a major construction company here, on Tuesday called for a renegotiation with the creditors of Asiana Airlines Inc. over its planned acquisition of the country’s No. 2 airline due to a sharp rise in debts and the growing impact of the new coronavirus on the [...]
SEOUL, June 3 (Korea Bizwire) — SK Global Chemical Co., a chemical affiliate of South Korea’s energy giant SK Innovation Co., said Wednesday it has completed the acquisition of French chemical firm Arkema S.A.’s functional polyolefins business for 335 million euros (US$375 million) in the latest move to boost its packaging business. Under the deal, [...]
Stockholm, Sweden, May 5 (Korea Bizwire) – Sinch AB (publ), a global leader in cloud communications for mobile customer engagement, has entered into a definitive agreement to acquire SAP Digital Interconnect (“SDI”), a unit within SAP SE, for a total cash consideration of EUR 225 million on a cash and debt-free basis. SDI offers cloud-based [...]
SAN JOSE, Calif. and DARMSTADT, Germany, April 2 (Korea Bizwire) — Align Technology, Inc. (Align) (Nasdaq: ALGN) today announced that it has completed the acquisition of privately-held exocad Global Holdings GmbH (exocad), a global leader in the dental CAD/CAM software market that offers fully integrated workflows to dental labs and dental practices via a broad [...]
SEOUL, April 2 (Korea Bizwire) — HDC Hyundai Development Co., a midsized South Korean builder, said Thursday it is “on track” to acquire Asiana Airlines Inc. despite a growing coronavirus impact on the airline industry. On Thursday, HDC Hyundai Development reiterated its plan to complete the overall process to acquire Asiana Airlines by the end [...]
WICHITA, Kan., March 26 (Korea Bizwire) — Koch Engineered Solutions (KES), a unit of Koch Industries Inc., today announced it has acquired Sentient Energy. Sentient Energy is a leader in distribution grid transformation, providing intelligent line sensors and grid analytics software for fault detection, outage prevention, and safe, reliable power delivery. “The acquisition of Sentient [...]