Merger and Acquisition Round Up - November 28 to December 2, 2016

India Infoline News Service | Mumbai | December 02, 2016 16:08 IST

This week, Strides acquires PediaCare from Moberg Pharma. IIFL presents a weekly snapshot of all the major happenings in the Merger and Acquisition space, nationally and internationally.

Top News
Ashok Leyland acquires LCV business from Nissan Motor Corporation
Ashok Leyland Ltd has informed BSE that the Company have acquired all the shares held by Nissan Motor Co. Ltd., (NML) in the joint venture companies, Viz., Ashok Leyland Nissan-Vehicles Limited, Nissan-Ashok Leyland Powertrain Limited and Nissan-Ashok Leyland Technologies Limited formed between the Company and NML. Read More

Aurobindo Pharma's French unit Arrow Generiques to acquire select assets in France from Teva
Arrow Generiques SAS, the French subsidiary of Aurobindo Pharma Ltd, announced the signing of an agreement to acquire select commercial products in France from Teva. Arrow Generiques will acquire the right, title and interest in products Calcium and Calcium Vitamin D3, including the use of the OROCAL trademark. Read More

Domestic News
KPIT Tech acquires strategic stake in Automotive Engineering Services Company
KPIT Tech, product engineering and IT consulting partner to Automotive, Manufacturing and Energy companies, announced that it has completed an agreement for a strategic partnership in a Germany headquartered Engineering Services Company. Read More
Quess Corp acquires FM Business of Manipal Integrated Services
Quess Corp., India’s leading integrated business services provider, announced that it has entered into agreements to acquire the facility management and catering businesses of Manipal Integrated Services Pvt. Ltd., and have approved the draft scheme of arrangement for such demerger of the facility management and catering businesses to Quess. This will help strengthen the market leading position of Quess in the integrated facility management space in India. Read More
Strides to acquire PediaCare from Moberg Pharma
Strides Shasun Limited announced that its wholly owned subsidiary Strides Arcolab International Limited, UK has entered into an agreement with Moberg Pharma, Sweden to acquire the 'PediaCare' brand for a total consideration of US$ 5 million plus inventory value at closing. Read More



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