Netherlands-based financial conglomerate ING has inked an agreement with Seoul-based private equity firm MBK Partners, to divest its South Korean insurance business, in a transaction valued at nearly KRW1.84trn (€1.24bn). Following ...
Tags: Insurance, MBK Partners
Last Friday, Qualcomm Inc. announced that it has signed a definitive agreement to sell Omnitracs to Vista Equity Partners to the tune of $800 million in cash. It's a big price tag for a telematics solution and, if anything, signals that ...
Tags: Telematic, Transportation, Auto Parts
Rapid 7 this week unveiled a new set of tools designed to help businesses better judge the overall effectiveness of existing security controls and the risk associated with users across the organization. The announcement came during ...
Tags: Rapid 7, software, Computer Products
Pump Solutions Group (PSG), an operating company within Dover Corporation and a global leader of pumps, systems and related technologies, announced today that it has signed a definitive agreement to acquire Finder S.p.A., headquartered in ...
Tags: Pump, Industrial Equipment, Components
Australian steelmaker BlueScope Steel has posted a net loss of AU$84 million for the 2012-13 financial year ended June 30, down from the net loss of AU$1.04 billion in the previous financial year, primarily reflecting the benefit of the ...
Tags: steelmaker, Mineral
Atlas Copco AB and Edwards Group Ltd. have entered into an agreement where Atlas Copco will acquire Edwards, a leading global supplier of vacuum and abatement solutions for an amount of up to BSEK 10.6 (?1.04 Billion). The company is ...
Germany-based reinsurance group Hannover Re is in discussions to acquire a minority stake in Lloyds Banking Group’s German arm, Heidelberger Leben, for approximately €100m ($133.5m). The sale of stake in Heidelberger Leben is ...
Tags: reinsurance, Hannover Re
Bermuda-based global diversified insurance and reinsurance holding company Tower Group International (TWGP) has terminated its agreement to acquire American Safety Reinsurance (ASRe), from Fairfax Financial. Without disclosing reasons for ...
Tags: Tower Group, diversified insurance
First Solar Inc of Tempe, AZ, USA, which makes thin-film photovoltaic modules based on cadmium telluride (CdTe) as well as providing engineering, procurement & construction (EPC) services, and the City of Roseville, California, have signed ...
Tags: Solar, Electrical, Electronics
Andina Acquisition Corporation ("Andina") and privately-held Tecnoglass S.A. and C.I. Energia Solar S.A. E.S. Windows (sister companies under common management, collectively, "Tecnoglass") announced the signing of a definitive agreement ...
Tags: Construction, Decoration, glass
Chang Wah Electromaterials (CWE) announced recently it will withdraw from Top Energy Saving System's (TESS) board. CWE planned to take over TESS management and acquire the company, but the merger deal has been called off since TESS former ...
Vacuum and exhaust- abatement equipment maker Edwards Ltd of Crawley, UK and Atlas Copco Group, a Sweden-based provider of industrial productivity solutions, have entered into a definitive merger agreement in a transaction valued at up to ...
Tags: Electrical, Electronics
Lloyds Banking Group, a 40% government-owned UK lender, is mulling to divest its German insurance business Heidelberger Leben to Frankfurt-listed insurer Hannover Re, in a transaction valued at approximately €400m ($533m). As part of ...
Tags: Lloyds Banking, Insurance
The use of tools to detect malicious patterns in apps led Facebook to temporarily disable some legitimate third-party apps that integrate with the social networking website, it said Thursday. On Tuesday, a number of people complained that ...
Tags: Facebook, webservice, Computer Products
US government agency, the Department of Interior (DOI) has selected IBM in a deal worth up to $1bn (£600m) as it bids to shift its IT into the cloud. The contract is an "indefinite delivery/indefinite quantity" (IDIQ) contract ...
Tags: Cloud Hosting Services, IBM