mergersandacquisitions
Enterprise resource planning (ERP) software provider IFS has agreed to acquire EmpowerMX, a vendor of software for managing aircraft maintenance, repair, and operations (MRO), adding to the capabilities of its fleet service management suite for the aviation sector. IFS already offers software for MRO providers and airlines, including end-to-end aircraft management for maintenance, repairs, operations (MRO) enterprises, defense contract management, and ERP for aerospace and defense organizations. “This acquisition strengthens the IFS offering for complex maintenance processes, which have to wor...
CIO
AMD turned its AI acquisition dial another notch this week, announcing a deal to buy Europe’s largest private AI lab, Finland’s Silo AI, for $665 million in cash. Last August it bought French AI inference startup Mipsology, with tiny open-source AI compiler outfit Nod.ai following in October. But those were small, tactical acquisitions, part of what AMD described at the time as a $125 million investment in AI.
CIO
Accenture has acquired Excelmax Technologies, a Bangalore-based semiconductor design firm to expand the range of chip design services it offers its clients. Excelmax was founded in 2019 and is into high-level semiconductor design, detailed physical layout and full turnkey execution. The firm offers custom silicon solutions for consumer devices, data centers, artificial intelligence (AI), and edge computing applications, with clients in the automotive, telecommunications, and high-tech sectors. The acquisition aligns with Accenture’s strategy of addressing the growing demand in the semiconducto...
CIO
With Sunday’s announcement of Skydance’s $8 billion deal to purchase Paramount, the veteran movie maker is entering a new era. And Skydance, controlled by veteran producer David Ellison (son of Oracle founder Larry Ellison), is arguing that embracing technology is the only viable path. In many ways, Paramount’s struggles mirror what many enterprises are facing today as they try to adapt to current technology. Historically, market share leaders—which Paramount once was—often struggle when technology changes the game. They typically are too slow to change because they don’t want to surrender pro...
CIO
Carlsberg has agreed to buy soft drinks maker Britvic for £3.3 billion (€3.9 billion), the companies confirmed on Monday. Britvic, which owns brands including Robinsons, J20, and Fruit Shoot, will be offered 1,290p per share. This is on top of a special dividend of 25p. The deal comes after Britvic rejected two offers from Carlsberg last month, which it said significantly undervalued the company. The rejected bids priced shares at 1,200p and then at 1,250p a piece. "With this transaction, we are combining Britvic's high-quality soft drinks portfolio with Carlsberg's strong beer portfolio and r...
Euronews (English)
German airline Lufthansa has secured EU approval to buy a 41% stake in Italy's state-owned ITA Airways. The €325 million deal will allow Lufthansa to scale up its services in Italy, one of Europe's largest travel markets. If ITA's financial performance improves, Lufthansa has an option to secure full ownership. The Commission's verdict, namely that the merger does not threaten fair competition, puts an end to months of uncertainty surrounding the deal. "At a time when consumers are facing increasingly higher prices for air travel, it is very important to preserve competition in the sector," sa...
Euronews (English)
Epicor has acquired Kyklo, a PIM specialty vendor focused on manufacturers and distributors, it said Wednesday. The ERP vendor said that Kyklo’s products would augment its Epicor Commerce offering, helping manufacturers, distributors and sellers to improves product discovery, generate more qualified leads, and modernize the online buying experience. Epicor described Kyklo’s value-add as “a process of catalog and content creation involving search, editing, and filtering, plus bulk data uploading using an API for real-time content and price updates.” It said Kyklo’s team of qualified engineers w...
CIO
Managed infrastructure services provider Kyndryl is considering a bid for competitor DXC Technology, Reuters reported Monday, citing people familiar with the matter. It said that Kyndryl is discussing the bid with private equity fund Apollo Global, and that they could offer between $22 and $25 per share to buy DXC, prompting the DXC share price to rise from around $16 when the markets opened Monday morning to nearer $19 at close on Wednesday. The Reuters report also noted that DXC “is separately soliciting bids to sell its insurance software business for more than $2 billion and may opt to rem...
CIO
IBM’s planned $6.4 billion acquisition of HashiCorp has run into an unexpected obstacle: a Hashicorp shareholder has filed a lawsuit in a US Federal court seeking to block the deal. The complaint, filed by HashiCorp shareholder Michelle Graff, accuses the company’s board of directors of breaching their fiduciary duty by favoring their own financial gains over those of public stockholders. IBM announced its plans for the acquisition in April, offering $35 per share in cash for HashiCorp. It said that HashiCorp’s infrastructure provisioning application, Terraform, would bolster its software busi...
CIO
A jury in San Francisco on Thursday unanimously cleared Autonomy CEO Mike Lynch of 15 counts of wire fraud and conspiracy to commit wire fraud stemming from his company’s purchase by Hewlett-Packard in 2011 for $11.1 billion dollars. HP executives had maintained that Lynch fooled them when he sold Autonomy — HP subsequently had to write down the value of the acquisition by over $5 billion — whereas Lynch maintained that he had been truthful. Jurors on Thursday sided with him. The charges against Lynch were brought by the U.S. Attorney’s Office for the Northern District of California. He was ex...
CIO
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