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Magna Enters Into Agreement to Acquire Getrag
2015-07-21 12:31:10| Industrial Newsroom - All News for Today
AURORA, Ontario Magna International Inc. (TSX: MG, NYSE: MGA) today announced that it has signed an agreement to acquire the Getrag Group of Companies ("Getrag"), one of the world's largest suppliers of automotive transmissions. Getrag has an 80-year history in transmissions and is a technology leader, offering a...
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Duet to acquire Energy Developments for $1.4bn
2015-07-21 01:00:00| Power Technology
Australia-based asset management entity Duet Group has agreed to acquire power supplier Energy Developments (EDL) from Pacific Equity Partners (PEP) in a deal worth A$1.92bn ($1.4bn).
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Stop & Shop Agrees To Acquire 25 A&P Stores In Greater New York
2015-07-20 21:57:39| Grocery - Topix.net
The agreement is also conditioned on regulatory requirements, including expiration of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. , Stop & Shop's New York Metro Division President.
Talking Rain (Sparkling ICE) CEO: We might acquire brands, or build our own new brands
2015-07-20 20:39:24| Beverages - Topix.net
The Sparkling ICE brand notched up sales of more than $500m in 2014, is on course to top $600m in 2015, and has a fighting chance of reaching its well-publicized target of $1bn in 2018, assuming it can secure the shelf space it deserves, says Kevin Klock, CEO of brand owner Talking Rain. Given that Sparkling ICE was a $10m brand hardly anyone outside of the Pacific Northwest had even heard of five years ago, you wouldn't bet against him.
MTS to acquire NVision from Sistema
2015-07-20 11:11:00| Telecompaper Headlines
(Telecompaper) Russian operator MTS announced an agreement to acquire NVision group. NVision is the developer and owner of the MTS billing system and one of the largest system integrators and IT providers in Russia. MTS is buying NVision from their parent company Sistema for an enterprise value of up to RUB 15 billion, including debt. In the first stage of the transaction, MTS has acquired the NVision subsidiaries Sitronics Telecom Solutions and NVision Czech Republic. The transaction gives MTS control over its billing system, which should help reduce time-to-market for new products and reduce billing and IT-related expenses, the operator said. NVision Group's expertise will enable MTS to accomplish three key objectives: improve service for MTS subscribers through enhancements to the billing platform; strengthen its position in the corporate market by offering clients complementary IT and integration solutions; and reduce spending on in-house IT through the realization of economies of scale. NVision counts over 200 customers and partnerships with the world's leading software developers and equipment vendors. Its projects include the deployment of IT infrastructure, implementation of control systems, re-engineering and automation of business processes, build-out of complex IT security systems and niche services using a cloud model.
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