#acquisition

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

Google

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

UAE’s Etisalat Group to acquire 100% of elGrocer

Founded in 2015, elGrocer is an online marketplace for groceries operating across the UAE

Shailesh Dash

Charting the growth of SPACs

Are special purpose acquisitions companies becoming a serious alternate funding avenue for private companies?

Biggest Abu Dhabi developer is shopping for large property deals

The company, armed with $1.85bn in capital, has the resources to make purchases both in its home market and around the UAE

Xylem expands footprint in Turkey with acquisition of Anadolu Flygt

Prior to the acquisition, Xylem held 46 per cent shares of Anadolu Flygt

merger and acquisition

Forcepoint acquires Bitglass to strengthen its SASE platform

Over the past five years, Bitglass has delivered 99.99 per cent availability, ensuring users can securely access the resources they need to be productive

Slack

NetApp to acquire CloudCheckr to boost Spot services

NetApp continues to invest in the innovation and growth of the Spot as a core component of its cloud strategy

Merger and Acquisition (M&A)

Emplifi acquires live commerce software provider Go Instore

Acquisition of live commerce Go Instore will give B2C brands faster connection-to-conversion experiences in-store and online

Slack

Entrust acquires Paris-based card issuance firm Antelop Solutions

With this acquisition, Entrust can help banks and financial institutions worldwide create seamless payment experiences for their customers

Dubai’s Aramex in discussions to acquire Turkey’s MNG Kargo

Discussions are still in the early stages

Responsible AI

Sitecore acquires AI-powered digital search platform Reflektion

The acquisition is a part of Sitecore’s continuing $1.2bn expansion strategy

Slack

Dubai’s Swvl to enter Europe, APAC and LATAM via Shotl acquisition

Localised mass transport focus enables Swvl to capitalise on trends in electrification and autonomous driving

Slack

Salesforce completes acquisition of Slack Technologies

Slack will continue to be led by CEO and co-founder Stewart Butterfield

Sophos

Sophos acquires Braintrace to strengthen its adaptive cybersecurity ecosystem

Third Party event data from firewalls, proxies, VPNs, and other sources will be collected and forwarded using Braintrace’s technology