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Naxnova announces another acquisition, snaps Austria's Advanced Thermal Technologies

VCCircle

VCCircle · 1y ago

Naxnova announces another acquisition, snaps Austria's Advanced Thermal Technologies

Astarc Group's Naxnova has acquired Advanced Thermal Technologies (ATT), an Austrian thermal management solution provider. The financial terms of the deal were not disclosed. This is Naxnova's second acquisition in recent months, following its purchase of Belgium-based Quad Industries. Naxnova aims to accelerate product development, expand market reach, and create new collaboration opportunities through the acquisition. ATT specializes in designing and manufacturing systems to regulate temperature in various industries, including automotive and aerospace. Naxnova plans to commercialize ATT's products in India and focus on the medical devices and wearables industry.

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Meenakshi Energy announces full operationalisation of 1000 MW thermal power plant in Andhra Pradesh

Economic Times

Economic Times · 18h ago

Meenakshi Energy announces full operationalisation of 1000 MW thermal power plant in Andhra Pradesh

Meenakshi Energy Ltd, a subsidiary of Vedanta Ltd, has fully operationalized its 1,000 MW thermal power plant in Tirupati, Andhra Pradesh. This milestone was achieved within two years of acquisition and involves two 350 MW units and two 150 MW units. The plant is set to provide continuous energy to nearby industrial sectors and support grid stability. This accomplishment underscores Meenakshi Energy's role in enhancing India's energy security and advancing its industrial growth.

Blue Origin, Astrobotic, Varda Space and others win NASA funding to develop advanced space tech

TechCrunch · 2y ago

Blue Origin, Astrobotic, Varda Space and others win NASA funding to develop advanced space tech

NASA has awarded $150 million in funding to 11 companies for advanced space tech projects, as part of its Tipping Point program. The projects cover diverse areas, including power generation on the lunar surface and additive manufacturing for space habitats. The aim is to mature these technologies for future NASA missions and commercial use. Several projects focus on supporting long-term moon exploration, such as Blue Origin's solution for processing solar cells from lunar regolith and Astrobotic's new power and transmission system on the lunar surface. Other projects focus on different aspects of space technology, like advanced thermal protection systems and inflatable heat shields.

Ontario Teachers’-controlled Sahyadri snaps up Maharashtra hospital

VCCircle

VCCircle · 9m ago

Ontario Teachers’-controlled Sahyadri snaps up Maharashtra hospital

Sahyadri Hospitals, a hospital chain in Maharashtra, has been acquired by Ontario Teachers' Pension Plan (OTPP), a Canadian pension fund. This marks Sahyadri's first reported acquisition since receiving investment from OTPP.

CloudFirst Technology® Private Limited Announces the Launch of CloudFirst AI Factory!

Economic Times

Economic Times · 9m ago

CloudFirst Technology® Private Limited Announces the Launch of CloudFirst AI Factory!

CloudFirst has launched AI Factory, a dedicated space to explore and develop its AI services and solutions. With ISO certifications for quality and strong engineering, CloudFirst aims to bridge the gap between advanced technology and tangible benefits. Their AI-driven solutions are designed to address real-world problems, transform operations, and enhance business outcomes. CloudFirst Technology is a leading provider of innovative cloud solutions, offering services such as Cloud strategy, migration, and integration, infrastructure management, and AI-driven applications. They are committed to harnessing the power of advanced technologies and staying at the forefront of industry advancements.

Aurionpro snaps up French consulting firm Fenixys

VCCircle

VCCircle · 8m ago

Aurionpro snaps up French consulting firm Fenixys

Indian technology services provider, Aurionpro Solutions, has acquired French consulting firm Fenixys for €10m ($10.4m) in cash. Fenixys provides capital markets services to banks and financial institutions across Europe and the Middle East, and its acquisition will strengthen Aurionpro's banking and fintech offerings. Fenixys' geographical expansion into Europe will help Aurionpro leverage its experience of working with financial institutions undergoing IT transformations, as well as its relationships with major banks in those region.

Novelis and after: How Hindalco cracked the foreign buyout code

Livemint

Livemint · 1m ago

Novelis and after: How Hindalco cracked the foreign buyout code

Hindalco Industries, part of the Aditya Birla Group, strategically utilized foreign acquisitions to achieve long-term growth. The pivotal 2007 $6 billion Novelis acquisition taught Hindalco to enhance its value chain and adopt advanced production technologies, especially in sustainable, low-carbon aluminum production. This model has since informed its international buyouts, including the recent $125 million acquisition of AlumChem, highlighting Hindalco's evolving capabilities despite challenges in the cyclical metals industry.

On acquisition spree, CK Birla Group's IVF arm now snaps Bangalore-based chain

VCCircle

VCCircle · 1y ago

On acquisition spree, CK Birla Group's IVF arm now snaps Bangalore-based chain

India's Birla Fertility & IVF, a unit of CK Birla Group, has acquired a chain of fertility centres, marking its second acquisition in three months as it expands its network. The acquisition of Bangalore-based BabyScience IVF adds a dozen clinics to Birla Fertility's operations. The company aims to expand to 100 clinics by FY28.

OYO Snaps Up Paris-Based Checkmyguest For $27.4 Mn: Report

Inc42 · 1y ago

OYO Snaps Up Paris-Based Checkmyguest For $27.4 Mn: Report

Indian hospitality startup OYO has acquired Paris-based Checkmyguest for a reported value of INR 230 crore ($31 million) in a cash and stock deal. Checkmyguest, valued at $110 million, provides property management software for hoteliers. The acquisition also includes Checkmyguest's housing renovation business HMG and luxury rental apartment management company Studio Prestige.

Clicktech Snaps Up Amazon India’s Largest Seller Appario

Inc42 · 1y ago

Clicktech Snaps Up Amazon India’s Largest Seller Appario

Amazon India's largest seller, Appario, will be acquired by Clicktech, one of the platform's biggest sellers. This comes as Amazon divests its stake in seller entities to comply with local ecommerce regulations. Appario had become Amazon India's top seller after Cloudtail closed. Meanwhile, Amazon is also acquiring Appario's parent company, Frontizo Business Services, from joint venture partner Patni Group. With this acquisition, Clicktech aims to expand its product offering and grow its presence on the marketplace. Amazon previously announced plans to remove Appario from the platform in 2022 due to protests and regulatory pressures.

Veefin snaps up UAE company in second offshore acquisition

VCCircle

VCCircle · 6m ago

Veefin snaps up UAE company in second offshore acquisition

Veefin Solutions Ltd, a Mumbai-based supply chain fintech platform, has acquired a 74% stake in UAE's TradeAssets for $4.4 million, marking its second international acquisition and fifth overall in eight months. TradeAssets connects financial institutions in trading trade finance assets. This move adds to Veefin's portfolio of supply chain finance solutions, enhancing their capability to manage liquidity and access global markets. Veefin plans to continue acquisitions to strengthen its integrated trade finance platform.

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