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Mergers & Acquisitions

Mergers & Acquisitions

SGI Acquires SGI Japan, Ltd.

o Strategic entry into Japan's Technical Computing market o Expanded sales and service opportunities in world's 3rd largest economy o Increased revenue outlook for FY11 and FY12 o Purchase price of $17.9M FREMONT, Calif. and TOKYO, March 9, 2011 - SGI (Nasdaq: SGI), a trusted leader in technical computing, today announced it has acquired all outstanding shares of SGI Japan, Ltd. from a consortium...

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Mergers & Acquisitions

Torch Hill Investment Partners Invests Additional Capital and Assumes Majority Share of Diamondback Tactical, LLLP

Diamondback Tactical focuses on growth and advance product development SPINDALE, N.C., March 9, 2011 - Diamondback Tactical announced today that Torch Hill Investment Partners LLC has invested additional capital into the company and has gained a majority stake in D-Back Acquisition Co, the parent company of Diamondback Tactical. Torch Hill Investment Partners, a specialized private equity firm,...

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Mergers & Acquisitions

DemandTec to Acquire M-Factor

Consumer products companies to benefit from industry-leading solution delivering optimized marketing mix, trade promotion, and shopper marketing decisions SAN MATEO, Calif., March 9, 2011 - DemandTec, Inc. (Nasdaq: DMAN), the collaborative optimization network for retailers and consumer products companies, today announced that it has signed a definitive agreement to acquire privately-held...

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Mergers & Acquisitions

Alcoa Completes TransDigm Aerospace Fastener Acquisition

NEW YORK - Alcoa (NYSE:AA) announced today it has completed the acquisition of the aerospace fastener business of TransDigm Group Inc., a global designer, producer and supplier of highly engineered aircraft components. The business will become part of Alcoa Fastening Systems (AFS), a leading worldwide designer and manufacturer of specialty fastening systems, components, and installation tools for...

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Mergers & Acquisitions

SPX Announces Acquisition of B.W. Murdoch Ltd, Broadening Process Engineering and Project Management Capabilities in New Zealand and the Asia Pacific Region

CHARLOTTE, N.C., March 9, 2011 - SPX Corporation (NYSE: SPW) today announced that it has completed the acquisition of B.W. Murdoch Ltd, a leading engineering company supplying processing solutions for the food and beverage industry. The company is based in Auckland, New Zealand. Terms of the acquisition were not disclosed. Murdoch's engineering team has decades of experience in the New Zealand...

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Mergers & Acquisitions

TransDigm Group Completes Fastener Divestiture

CLEVELAND, March 9, 2011 - TransDigm Group Incorporated (NYSE: TDG), a leading global designer, producer and supplier of highly engineered aircraft components, announced today that it has completed the divestiture of its fastener businesses to Alcoa Inc. (NYSE: AA) for approximately $240 million. These businesses, which were acquired in December 2010 as part of the McKechnie Aerospace...

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Mergers & Acquisitions

OpenText Accelerates Mobile App Strategy with weComm Acquisition Agreement

With weComm, OpenText Enters a High-Growth Market to Help Companies Deliver Mobile Apps For Any Device to Reach Their Customers, Consumers WATERLOO, ON and LONDON, UK, March 8 - OpenText(TM) (NASDAQ: OTEX, TSX: OTC) announced today it has reached an agreement to acquire London-based weComm, a deal that will propel OpenText forward in a fast-growing segment of the mobility market. weComm's leading...

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Mergers & Acquisitions

GE's Acquisition of Wellstream: Shaping a New Era in Subsea Oil and Gas Production

LONDON, UNITED KINGDOM and RIO DE JANEIRO, BRAZIL - March 8, 2011-GE (NYSE: GE) is pleased to announce that another significant milestone has been reached in its strategic acquisition of Wellstream Holdings PLC. This morning, Wellstream announced that the listing of its ordinary shares ( Wellstream's Shares ) on the Official List had been cancelled and Wellstream's shares ceased to be admitted to...

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Mergers & Acquisitions

Misys Strengthens Its Transaction Banking Offering for North America

LONDON, March 8, 2011 - Misys plc (LSE: MSY.L), the global application software and services company, today announces that it has made a significant acquisition to enhance its Transaction Banking offering in the United States. The deal with Gandacar Consulting Limited (GCL) includes the intellectual property, software and expertise behind the ST-Pymnts, TradeWatch, OFAC and FinCEN products. This...

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Mergers & Acquisitions

Automated Packaging Systems Acquires Two More Buildings in Streetsboro to Meet Growth Needs

STREETSBORO, OH - March 9, 2011 - Automated Packaging Systems, the world leader in high-reliability bag packaging systems, is expanding its operations in Streetsboro, Ohio by acquiring two commercial buildings. The larger building is 173,000 square feet of combined manufacturing, office and warehouse space located on 32 acres at 600 Mondial Parkway, just three miles from the company's corporate...

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