SEOUL, Jan. 10 (Korea Bizwire) — A Seoul court on Monday approved a local consortium’s acquisition of SsangYong Motor Co., paving the way for the financially troubled carmaker to get back on track. On the same day, the consortium led by electric carmaker Edison Motors Co. signed a final deal with SsangYong to take over [...]
SEOUL, Jan. 4 (Korea Bizwire) — A consortium led by South Korean electric carmaker Edison Motors Co. said Tuesday it aims to sign a final deal to acquire the embattled SsangYong Motor Co. by Monday. In April, SsangYong was placed under court receivership for the second time after undergoing the same process a decade earlier. [...]
SEOUL, Dec. 30 (Korea Bizwire) — SK hynix Inc, South Korea’s key memory chip maker, said Thursday it has closed the first phase of the transaction to acquire Intel’s NAND and solid-state drive (SSD) business, and will name the newly established subsidiary Solidigm. The announcement came eight days after it received the merger clearance from [...]
SEOUL, Dec. 19 (Korea Bizwire) — A South Korean consortium led by local electric carmaker Edison Motors Co. agreed to purchase the financially-troubled SsangYong Motor Co. at a lower price with an accounting firm overseeing the sales, sources said Sunday. The move came after the Edison consortium, a preferred bidder that submitted the acquisition price [...]
PHOENIX, Dec. 14 (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 McDonald Modular Solutions. The transaction was funded with cash on hand and borrowings under the Company’s revolving [...]
Amsterdam, the Netherlands, Dec. 14 (Korea Bizwire) – Royal Philips (NYSE: PHG; AEX: PHIA), a global leader in health technology, today announced that it has signed an agreement to acquire Vesper Medical Inc., a US-based medical technology company that develops minimally-invasive peripheral vascular devices. Vesper Medical will further expand Philips’ portfolio of diagnostic and therapeutic devices with [...]
PHOENIX, Dec. 6 (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 the rental assets of Hecht Trailers in New Jersey. The transaction was funded with cash on hand [...]
SEOUL, Dec. 1 (Korea Bizwire) — Kakao Corp. will acquire a majority stake of live commerce startup firm Grip Co., according to sources Wednesday. The South Korean tech giant plans to acquire a 48 percent stake of the company for 180 billon won (US$152.5 million), sources familiar with the deal said. Established in 2018, the [...]
London, Nov. 30 (Korea Bizwire) – CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) today announced that it has completed its acquisition of Raven Industries, Inc., a U.S.-based leader in precision agriculture technology. The acquisition builds upon a long partnership and is an important milestone in CNH Industrial’s digital transformation. “Raven is a true pioneer in [...]
SAN FRANCISCO, Nov. 19 (Korea Bizwire) – Meltwater B.V., a leading global SaaS provider of media intelligence and social analytics, has entered into a definitive agreement to acquire artificial intelligence start-up DeepReason.ai, a spin-off from Oxford University’s computer science department, for $7.3m in a combination of cash and Meltwater equity including earn-outs contingent on reaching technical [...]