Zurich, Switzerland – ABB announced it has signed an agreement to purchase Siemens’ low voltage NEMA motor business. With manufacturing operations in Guadalajara, Mexico, this acquisition provides a well-regarded product portfolio, a longstanding North American customer base, and an experienced operations, sales, and management team. The business employs around 600 people and generated revenues of approximately [$63 million (€62.01 million)] in 2021. Financial terms of the transaction were not disclosed. The transaction is expected to close in the second quarter of 2023. (more…)
August 16, 2022
Posted by: Janmesh Chintankar
San Francisco – GrubMarket announced it has completed the acquisition of Vancouver, Canada-based IOT Pay, a fintech company that provides omnichannel payment services that allow merchants to accept payments both in-store and online on a global scale. GrubMarket will leverage IOT Pay’s technology and payments infrastructure to address the food supply chain industry’s accelerating need for faster, more flexible, and more robust digital payment and financing opportunities. (more…)
August 10, 2022
Posted by: Janmesh Chintankar
02 August, 2022 – Camarillo, United States , & Vancouver, Canada – Semtech Corporation, a global supplier of high-performance analog and mixed-signal semiconductors and advanced algorithms, and Sierra Wireless, Inc., a Internet of Things (IoT) solutions provider, announced a definitive agreement under which Semtech will acquire all outstanding shares of Sierra Wireless for [$31 per share (€30.43 per share)] in an all-cash transaction representing a total enterprise value of approximately [$1.2 billion (€1.18 billion)], subject to customary closing conditions. (more…)
August 3, 2022
Posted by: Janmesh Chintankar
Shenzhen, China. 19 July, 2022 – Huawei announced that it has joined Sisvel Wi-Fi 6 patent pool as one of its founding members. This new patent pool provides an avenue for Wi-Fi 6 standard essential patents of Huawei and other innovators to be shared. Huawei has also concurrently become a licensee of the pool.
July 20, 2022
Posted by: Janmesh Chintankar
Tokyo, Japan. 09 June, 2022 –Â Renesas Electronics Corporation, a supplier of advanced semiconductor solutions, announced it has entered into a definitive agreement with Reality Analytics, Inc. (Reality AI), a provider of embedded AI solutions, under which Renesas will acquire Reality AI in an all cash transaction. (more…)
June 10, 2022
Posted by: Janmesh Chintankar
New York, United States. 01 June, 2022 – Saturn Cloud, the data science and machine learning platform and bodo.ai, a parallel data compute platform providing extreme scale and speed for Python, have announced their partnership to take Python analytics performance to the next level for data science teams. (more…)
June 5, 2022
Posted by: Janmesh Chintankar
McLean, United States. 1 June 2022 – Kajeet, a provider of private wireless and managed IoT connectivity, announced a collaboration with the Open Networking Foundation (ONF). The partnership is one of the many steps the company is taking to disrupt enterprise private 5G with a software defined open network innovation. Kajeet’s private 5G platform will integrate ONF’s Aether, an open source 5G connected edge platform, to bring together private wireless and edge cloud delivered as a turnkey cloud managed network as a service. (more…)
June 1, 2022
Posted by: Janmesh Chintankar
London, United Kingdom – 18 May, 2022 – Virtusa, a global services provider, and WSO2, the digital transformation technology provider, announced that Virtusa is now a WSO2 global systems integrator (GSI). Through this partnership, Virtusa will deliver digital transformation solutions based on WSO2’s platforms to Virtusa’s diverse global customer base. (more…)
May 19, 2022
Posted by: Janmesh Chintankar
San Francisco, United States – VeriSIM Life the Artificial Intelligence (AI)-enabled, R&D decisions de-risker for breakthrough drug development, announced the acquisition of Molomics Biotech, a privately held drug discovery company that leverages proprietary AI technology to design more efficacious and safer therapeutics to achieve higher successes in clinical trials. (more…)
May 11, 2022
Posted by: Janmesh Chintankar
April 18, 2022
Posted by: Anasia D'mello
