Merger & Acquisition News

LONDON--(BUSINESS WIRE)--OAG, the world’s leading data platform for the global travel industry, has acquired Infare, the leading provider of competitor air travel data, from Ventiga Capital in a deal valuing the combined entity at over US$500m. Together, OAG and Infare have an exciting journey ahead to leverage a truly market-leading end-to-end data platform to serve mission-critical air travel intelligence needs across the world. With renowned industry heritage, both businesses share a deep pa...

NEW YORK--(BUSINESS WIRE)--KKR, a leading global investment firm, announced the completion of the previously announced acquisition of Industrial Physics (the “Company”), a leading provider of test and measurement instrumentation, by investment funds managed by KKR on July 19, 2023. In conjunction with transaction close, Barry Lyon has been appointed Chief Executive Officer (CEO), and Lance Reisman has assumed the role of Chairman of the Board. Barry succeeds Jim Neville, who has led the Company...

LONDON--(BUSINESS WIRE)--OAG, the world’s leading data platform for the global travel industry, has acquired Infare, the leading provider of competitor air travel data, from Ventiga Capital in a deal valuing the combined entity at over US$500m. Together, OAG and Infare have an exciting journey ahead to leverage a truly market-leading end-to-end data platform to serve mission-critical air travel intelligence needs across the world. With renowned industry heritage, both businesses share a deep pa...

LONDON--(BUSINESS WIRE)--Today, the Boards of the parent companies of Telegraph Media Group Limited and The Spectator (1828) Limited, led by the recently appointed Chair Mike McTighe, have appointed advisers in preparation for their respective sales processes. The Boards of Press Acquisitions Limited and May Corporation Limited will be supported by Goldman Sachs International as lead financial adviser and Linklaters LLP as legal adviser. At this initial stage, the Boards and their advisers will...

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) has completed its acquisition of Aerojet Rocketdyne, forming a fourth business segment at the company. L3Harris signed a definitive agreement to purchase Aerojet Rocketdyne in December 2022, emphasizing its ability to strengthen the defense industrial base, enhance competition and accelerate innovation for a critical merchant supplier of propulsion systems. “I’m thrilled to welcome more than 5,000 employees to the L3Harris team...

UTRECHT, Netherlands--(BUSINESS WIRE)--Zanders, today announced the acquisition of Fintegral....

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has taken an equity position in Novel Crystal Technology, Inc., a Japanese company that develops and sells gallium-oxide wafers, a promising candidate for use in superior energy-saving power semiconductors that Mitsubishi Electric intends to develop at an accelerated pace in support of global decarbonization. Novel Crystal Technology, one of the world's first companies to develop, manufacture and sell...

PASADENA, Calif.--(BUSINESS WIRE)--Western Asset Mortgage Capital Corporation (NYSE: WMC) (“WMC”) today announced that WMC’s board of directors has determined in good faith, after consultation with its financial advisors and outside legal counsel, that the unsolicited proposal from AG Mortgage Investment Trust, Inc. (NYSE: MITT) (“MITT”) to acquire WMC is a “Parent Superior Proposal” within the meaning of WMC’s merger agreement with Terra Property Trust, Inc. (“TPT”). Under the terms of MITT’s...

EDMONTON, Alberta--(BUSINESS WIRE)--Genesee & Wyoming Canada Inc., a subsidiary of Genesee & Wyoming Inc. (G&W), today announced that it has completed the acquisition of BMS Locomotive Service Group Inc. (BMS). With a shop, warehouse and office headquartered in Edmonton, Alberta, BMS has offered locomotive inspection, maintenance, and refurbishment and repair services to freight railroads across Western Canada for more than 20 years. The operation has 10 employees. “The addition of...

MACEDONIA, Ohio--(BUSINESS WIRE)--The Trexon Engineered Products Group Expands its Portfolio with the Acquisition of 603 Manufacturing....