Merger & Acquisition News

OAKLAND, Calif.--(BUSINESS WIRE)--Marqeta (NASDAQ: MQ), the global modern card issuing platform, announced today that it has completed its acquisition of credit card program management platform Power Finance, Inc. (“Power”). In connection with this transaction, the Company also entered into employment and retention agreements with key personnel, subject to customary terms and conditions. Marqeta and Power announced the all cash acquisition agreement on Monday, January 30, 2023. For further deta...

SAN JOSE, Calif.--(BUSINESS WIRE)--Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) announced that the Special Meeting of Stockholders ("Special Meeting") scheduled to be held today to approve the proposed merger with Ouster, Inc. (NYSE: OUST) and related matters was convened and adjourned without conducting any business. The Special Meeting will reconvene at 9:00 a.m. PT on February 10, 2023 and will be held virtually at https://www.virtualshareholdermeeting.com/VLDR2023SM. “Velodyne has adjourned i...

HOUSTON--(BUSINESS WIRE)--Regulatory News: SLB (NYSE: SLB) today announced it has completed the acquisition of Gyrodata Incorporated, a global company specializing in gyroscopic wellbore positioning and survey technology. The transaction will incorporate Gyrodata’s wellbore placement and surveying technologies within SLB’s Well Construction business, bringing customers innovative drilling solutions. This combination will improve wellbore quality and reduce drilling risk to unlock even the most...

HOUSTON--(BUSINESS WIRE)--SLB (NYSE: SLB) today announced it has completed the acquisition of Gyrodata Incorporated, a global company specializing in gyroscopic wellbore positioning and survey technology. The transaction will incorporate Gyrodata’s wellbore placement and surveying technologies within SLB’s Well Construction business, bringing customers innovative drilling solutions. This combination will improve wellbore quality and reduce drilling risk to unlock even the most remote and comple...

GROVEPORT, Ohio & SOUTH ISLAND, Illinois--(BUSINESS WIRE)--Komar Industries (“Komar”), a leading designer and manufacturer of industrial waste and recycling processing systems, announced today that it has acquired Maren Engineering Corporation (“Maren”), a leading equipment manufacturer and technology innovator in baling and shredding systems. “Maren has been a leader in the industry since 1962 with its highly engineered and efficient balers and shredders,” said Mark Koenig, Komar’s President a...

IRVINE, Calif.--(BUSINESS WIRE)--SEW Acquires 3Insys - Provider of an Agile iPaaS Integration Platform for the Energy and Utility industry...

HOLLYWOOD, Fla.--(BUSINESS WIRE)--A joint venture between non-US offered real estate funds managed by Credit Suisse Asset Management and real estate funds managed by Trinity Fund Advisors LLC, an affiliate of full-service private real estate investment firm Trinity Real Estate Investments LLC (“Trinity”), today announced the acquisition of The Diplomat Beach Resort in Hollywood, Florida from a Brookfield private real estate fund. The deal is one of the largest hotel acquisitions in the United S...

AUSTIN, Texas--(BUSINESS WIRE)--MSB School Services (MSB), a leading provider of special education software purpose-built for educators in K-12, announced today the acquisition of the company by Dallas-based private equity firm Craftsman Capital. Hundreds of school districts depend on MSB’s proprietary X-Logs software to document, track, and log special education sessions for reporting and billing. MSB employs consultants that work with school districts to tailor the software to school district...

SCOTTSDALE, Ariz. & SINGAPORE & CHICAGO--(BUSINESS WIRE)--STORE Capital Corporation (NYSE: STOR, “STORE”, “STORE Capital” or the “Company”), an internally managed net-lease real estate investment trust (REIT) that invests in Single Tenant Operational Real Estate, today announced that GIC, a global institutional investor, in partnership with Oak Street, a division of Blue Owl and one of the largest investors in net lease real estate, has completed the previously announced acquisition of all of t...

NEW YORK--(BUSINESS WIRE)--Helbiz, Inc. (NASDAQ: HLBZ), a leading provider of micro-mobility solutions, has announced that in connection with its acquisition of Wheels Labs, Inc., has released financial statements for Wheels’s 2021 fiscal year, financial statements for the first nine months of Wheels’s 2022 fiscal year and pro forma financial information for Helbiz and Wheels for the first nine months of 2022. We believe that the newly released financial information shows that this strategic mo...