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Knot agrees to acquire Knot Shuttle Tankers for $103m
2015-05-28 01:00:00| Offshore Technology
UK-based Knot Offshore Partners' subsidiary has signed an agreement to acquire Knot Shuttle Tankers 21 for $103m.
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Fortinet to acquire Meru Networks for USD 44 mln
2015-05-27 18:25:00| Telecompaper Headlines
(Telecompaper) Fortinet announced an agreement to acquire Meru Networks for USD 44 million, expanding its position in the secure wireless networking market. The company said its FortiAP wireless access points and FortiWiFi security appliances are already its fasting-growing products. The addition of Meru's Wi-Fi products extends its portfolio for environments requiring high-capacity load and a high-density of wireless users, such as enterprise, education, healthcare and hospitality. Meru's product range includes access points, controllers, SDN-enabled Wi-Fi system software, and cloud and virtual wireless controllers and appliances. In addition, Meru brings more than 33 awarded patents and 35 pending patents and over 14,000 customers worldwide. Under the terms of the agreement, Fortinet will pay USD 1.63 per Meru share in cash, an equity value of USD 44 million. Based in California, Meru had over USD 90 million in revenues last year. The takeover is expected to close in Q3. Fortinet also announced new FortiGuard mobile security subscription service to protect mobile devices and applications across the enterprise. Deployable on its FortiGate integrated security appliances, this new service is designed for BYOD scenarios.
Tags: networks
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ROHM to Acquire a Part of Renesas Shiga Factory (8-Inch Line) for Use as Main Production Site of Power Semiconductors and Piezoelectric MEMS Devices
2015-05-27 12:31:08| Industrial Newsroom - All News for Today
Kyoto, Japan - Semiconductor manufacturer ROHM Co., Ltd. (Satoshi Sawamura, President; Headquartered in Kyoto Pref.) has decided to acquire a part of Renesas Shiga factory (8-inch line) from Renesas Semiconductor Manufacturing Co., Ltd. (Yoshiyuki Miyamoto, president; Headquartered in Ibaraki Pref.), a wholly owned...
Elbit Systems Signs an Agreement to Acquire NICE Systems' Cyber and Intelligence Division for an Amount of up to $157.9 Million
2015-05-27 12:31:08| Industrial Newsroom - All News for Today
Out of the total amount, $117.9 million will be paid in cash at the time of the closing and up to $40 million will be paid as earn-out, subject to the acquired division's future business performance NICE's acquired business will be merged into CYBERBIT LTD., an Elbit Systems subsidiary, recently established, in...
Valspar to Acquire Performance Coatings Businesses from Quest Specialty Chemicals
2015-05-27 07:00:00| Coatings World Breaking News
Tags: performance
businesses
quest
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