#acquisition

Schneider - Aveva

Schneider Electric completes acquisition of Aveva

Aveva’s software drives efficiency and reduces costs for over 20,000 customers worldwide, offering a digital twin for the whole asset lifecycle from engineering to operations

Alec

UAE’s Alec Group furthers regional expansion through acquisition

The firm has signed a share purchase agreement to acquire Target Engineering Construction Company

rigs

Abu Dhabi’s ADNOC Drilling purchases three offshore jack-up rigs for $320m

The acquisition supports the company’s accelerated fleet expansion and growth strategy

AD Ports Group signs agreements with Kyrgyzstan to promote trade

Abu Dhabi Ports Group acquires Spain’s Noatum in Dhs2.5bn deal

Subject to regulatory approvals, the transaction is expected to close in the first half of 2023

Estée Lauder

Zegna to buy Tom Ford fashion operations in Estée Lauder deal

Estée Lauder is buying the Tom Ford brand and its intellectual property

Investcorp plans major ramp up of India assets to $5bn

The asset manager has been expanding holdings from the US to Asia as it seeks to reach assets of about $100bn

Saudi’s KHC, Prince Alwaleed’s private office are Twitter’s second largest investor after Elon Musk

Elon Musk has also said that Twitter’s verification process is ‘being revamped right now’

UAE's Masdar acquires UK-based Arlington Energy to expand footprint

UAE’s Masdar acquires UK-based Arlington Energy to expand footprint

The acquisition will support Masdar’s offshore wind and renewables investment strategy

Smartworld

UAE’s e& enterprise completes acquisition of Smartworld

Smartworld is now rebranded to e& enterprise IoT and AI

AD Ports Group

Abu Dhabi’s AD Ports Group completes first international acquisition

The group acquired a 70 per cent equity stake in two Egypt-based maritime companies – Transmar International Shipping Company and Transcargo International

GBM

GBM acquires cybersecurity service provider Coordinates Middle East

The firms will help organisations to address challenges faced with legacy managed security services that are historically complex to deploy

Changi Consulting

Publicis Sapient announces acquisition of Changi Consulting

Changi Consulting builds and delivers cloud-based solutions focused on helping businesses accelerate, automate and optimise their operations

Mubadala to acquire Canada Cartage Image Courtesy: Mubadala Twitter

Mubadala Capital enters agreement to acquire Canada Cartage

Canada Cartage currently operates through a network of 33 facilities across Canada and has two business segments, dedicated transportation and logistics

EFG-hermes concludes advisory on AUF Group-Agthia deal

EFG Hermes concludes advisory on Agthia’s majority acquisition of Auf Group

The transaction, upon completion, will see UAE-based Agthia owning 60 per cent of Egypt’s Auf Group

Oracle Cerner

Oracle wins regulatory approvals for $28bn Cerner takeover

The acquisition of Cerner gives Oracle a huge foothold in technology for the healthcare industry

Vmware

Broadcom to acquire cloud services firm VMware in $61bn deal

The deal is the biggest takeover ever for a chipmaker and extends an acquisition spree for Broadcom chief executive officer Hock Tan

Pupil ASME

AI specialist Pupil acquires ASME to expand in the UAE

Founded in 2008, ASME is a UAE-based company that specialises in all elements of property measurement

Thales RUAG

Thales acquires RUAG’s simulation and training business

This integration will help accelerate the move towards developing more environmentally efficient and digital training solutions for the military

Stellantis

Stellantis to buy Mercedes and BMW’s car-sharing venture

The acquisition comes a little over a year after the mega-merger between Fiat Chrysler and PSA Group

Tenable Bit Discovery

Tenable to acquire external attack surface management vendor

Tenable will acquire Bit Discovery for a total purchase price of $44.5m in cash

Getty Images - Sophos acquisition

Sophos acquires UK-based Soc.Os to advance MTR, XDR capabilities

The deal expands Sophos’ adaptive cybersecurity ecosystem to include telemetry from third-party security and IT solutions

Uniphore

Uniphore acquires AI-powered knowledge automation platform Colabo

With Colabo’s solution integrated with Uniphore’s platform, enterprises will be able to use AI to extract knowledge entities from structured and unstructured data

Getty Images

Gupshup acquires Active.Ai, a conversational AI platform

Headquartered in Singapore, Active.Ai serves BFSI customers across 43 countries

Unsplash images

Google to acquire cybersecurity firm Mandiant for $5.4bn

Google will purchase Mandiant for $23 a share in an all-cash deal, according to a statement

Getty Images

Microsoft considers pursuing a deal for cybersecurity firm Mandiant

Adding Mandiant, with a market value of about $3.7bn, would build up Microsoft’s arsenal of products for protecting clients

First Abu Dhabi Bank makes offer to acquire majority stake in EFG Hermes Holding

The potential acquisition would be paid for in cash

UAE’s proptech Huspy acquires mortgage consultancy Home Matters

Combined proptech entity will facilitate financing for gross merchandise value of over $1bn annually in the UAE and Europe

Alpha Dhabi Holding raises stake in Aldar Properties to 30%

Alpha Dhabi Holding has completed the acquisition of Sublime 2, Sogno 2 and Sogno 3, which together own 17 per cent of Aldar Properties

EFG Hermes advises TPG’s Evercare Group on $72.4m IDC deal

IDC, a radiology and pathology diagnostics service provider in Pakistan, provides imaging and lab services across a national network of over 80 branches in 30 cities

Bahrain’s financial group acquires US medical offices for $200m

Spread across seven states, the medical offices portfolio consists of 11 assets and 400,000 square feet of space