SEOUL, Dec. 27 (Korea Bizwire) – HDC Hyundai Development Co., a midsized construction company, signed a deal on Friday to acquire Asiana Airlines Inc. as the South Korean builder strives to diversify its business portfolio. In their board meetings held early Friday, HDC and Kumho Industrial Co., a construction unit of Kumho Asiana Group, approved [...]
SEOUL, Dec. 18 (Korea Bizwire) — Jeju Air Co., South Korea’s biggest low-cost carrier, said Wednesday it has signed an initial pact to acquire smaller LCC Eastar Jet, heralding a shake-up in the country’s airline sector. Jeju Air will take over a 51.17-percent stake in Eastar Jet for 69.5 billion won (US$60 million) and sign [...]
SINGAPORE and MANILA, Philippines, Dec. 3 (Korea Bizwire) – SPi Global, the market leading content technology and content solutions enterprise that provides data services and subject matter expertise to multiple industries, today announced it has signed a definitive agreement for the acquisition of Scientific Publishing Services, or SPS, from research and education publisher Springer Nature Group. The [...]
London, Nov. 5 (Korea Bizwire) - CNH Industrial N.V. (NYSE: CNHI / MI: CNHI), today announced its agreement to acquire ATI Inc., a global manufacturer of rubber track systems for high horsepower tractors and combine harvesters. This acquisition will provide customers of CNH Industrial’s global agricultural brands, Case IH and New Holland Agriculture, with access to [...]
London, Nov. 4 (Korea Bizwire) - CNH Industrial N.V. (NYSE: CNHI /MI: CNHI), today announced its agreement to acquire the Australian agricultural implement manufacturer K-Line Ag. This acquisition will add key tillage and residue management equipment, which is key to ensuring optimal seedbed preparation, fundamental for productive yields, and will further enhance the crop production portfolios [...]
BELLEVUE, Wash., Oct. 31 (Korea Bizwire) – SourceCode Technology Holdings, Inc. (“K2”), a leader in enterprise low-code application development, today announced the acquisition of its distributor SourceCode ANZ Pty Ltd. (“K2 Australia”). K2 and K2 Australia share a long history of collaboration and joint innovation. With this acquisition, K2 establishes a direct presence in Australia, further investing [...]
SEOUL, Oct. 31 (Korea Bizwire) — Daelim Industrial Co., a major construction and petrochemical firm in South Korea, announced Thursday it has decided to acquire a synthetic rubber unit of American chemical giant Kraton Corp. for US$530 million. Under the deal, Daelim will get the Cariflex business of Kraton, including its plant in Brazil and [...]
Stockholm, Sweden, Oct. 24 (Korea Bizwire) - Sinch AB (publ), a global leader in cloud communications for mobile customer engagement, today announces that the acquisition of TWW do Brasil S.A. has been completed. Closing of the transaction follows the announcement on October 10, 2019, that Sinch had entered into a definitive agreement to acquire TWW. Founded [...]
SEOUL, Oct. 21 (Korea Bizwire) — Aekyung Group, a South Korean cosmetics-to-airline conglomerate, said Monday it has formed a consortium with a local private equity fund (PEF) to submit a final bid for Asiana Airlines Inc. Aekyung and Stone Bridge Capital have joined hands to participate in the auction to acquire a controlling 31 percent [...]
TORONTO and BANGALORE, India, Oct. 16 (Korea Bizwire) — Leading global commercial real estate services and investment management firm, Colliers International (NASDAQ and TSX: CIGI), has completed its previously announced acquisition of Synergy Property Development Services (“Synergy”). The company will merge with Colliers’ existing operations in India to create a top tier player with more than 1,400 [...]