SEOUL, April 20 (Korea Bizwire) — LG Household & Health Care Ltd. said Wednesday it has signed a deal to acquire U.S. cosmetics firm The Creme Shop to expand its presence in the U.S. market. LG Household will acquire a 65 percent stake in The Creme Shop for 148.5 billion won (US$120 million) on May [...]
PHOENIX, April 11 (Korea Bizwire) — WillScot Mobile Mini Holdings Corp. (“WillScot Mobile Mini” or the “Company”) (Nasdaq: WSC), a North American leader in modular space and portable storage solutions, today announced that it closed the acquisition of Canadian storage services provider Storstac Inc. The transaction was funded with cash on hand and borrowings under [...]
ST. GALLEN, Switzerland and LONDON, April 11 (Korea Bizwire) — Sportradar (NASDAQ: SRAD) (“Sportradar” or “the Company”), the leading global sports technology company creating immersive experiences for sports fans and bettors, today announced the acquisition of Vaix Limited, a pioneer in developing Artificial Intelligence (AI) solutions specifically designed for the iGaming industry. Vaix’s innovative AI [...]
SEOUL, April 1 (Korea Bizwire) — Ssangbangwool (SBW) Inc., the nation’s leading underwear maker, is considering buying debt-ridden SsangYong Motor Co., after an acquisition bid by another carmaker failed this week. An SBW official said Thursday the group recently sent the lead manager of the deal its intent to take over the domestic unit of [...]
Dubai, March 31 (Korea Bizwire) – Vista Global Holding (Vista), the world’s leading private aviation group, announces that it has entered into an agreement to acquire the private aviation services platform of Jet Edge, the fastest-growing North American charter operator. Founded in 2011, Jet Edge is an integrated charter, management and brokerage platform and a leading U.S. [...]
SEOUL, March 28 (Korea Bizwire) — SsangYong Motor Co., the South Korean unit of Indian carmaker Mahindra & Mahindra Ltd., said Monday it has canceled the deal to sell its controlling stake to Edison Motors Co. due to the electric bus maker’s payment failure. SsangYong announced the termination of the contract with a local consortium [...]
SEOUL, March 27 (Korea Bizwire) — A local consortium’s planned acquisition of SsangYong Motor Co. may fall apart, as it failed to pay the remaining acquisition money for the SUV maker by the deadline, industry sources said Sunday. In January, the consortium led by Edison Motors Co. signed a final deal with SsangYong to take [...]
CHATTANOOGA, Tenn., March 23 (Korea Bizwire) — Astec Industries (NASDAQ: ASTE) announces entering into a definitive agreement to acquire MINDS Automation Group Inc. (MINDS), a leader in plant automation control systems and cloud-based data management in the asphalt industry. MINDS, headquartered in British Columbia, Canada, has locations in the U.S., United Kingdom, France, and Belgium. [...]
PHOENIX, March 21 (Korea Bizwire) — WillScot Mobile Mini Holdings Corp. (“WillScot Mobile Mini” or the “Company”) (Nasdaq: WSC), the North American leader in modular space and portable storage solutions, today announced that it acquired a portfolio of blast resistant modules and related assets from Satellite Structures, Inc. The transaction was funded with cash on [...]
CINCINNATI, March 2 (Korea Bizwire) – Membership-management software company, Clubessential Holdings, announced the acquisition of The Assistant Company (TAC), the industry leader in spa and activity software. Following the acquisition of Exerp in May 2021, and Innovatise in February 2022, Clubessential Holdings has further expanded its European business footprint. Already a major provider of membership- and club-management software-as-a-service (SaaS) solutions [...]