Mergers & Acquisitions

Mergers & Acquisitions

Lockheed Martin Enters into Definitive Agreement to Sell Its EIG Business to Veritas Capital

BETHESDA, Md., Oct. 13 - Lockheed Martin Corporation (NYSE: LMT) today announced that it has entered into a definitive agreement to sell its Enterprise Integration Group (EIG) business to Veritas Capital for $815 million in cash. As announced on June 2, the Corporation's plan to divest EIG is based on the U.S. Government's increased concerns about perceived organizational conflicts of interest....

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Mergers & Acquisitions

Canadian Circuit Acquires New Scoring Equipment; Completes Facility Upgrade & Hosts Opens House

Surrey B.C.: Praveen Arya, President and owner of Canadian Circuits, Inc. of Surrey British Columbia, announced today that his company has recently acquired a new ACCU-SCORE Lab Model AS-15-JE scoring machine as part of his company's complete equipment upgrade. Mr. Arya stated, This scoring equipment is an integral part of our complete facility upgrade. As a company we have set a very ambitious...

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Mergers & Acquisitions

Qualcomm Innovation Center, Inc. Acquires iSkoot Technologies Inc., a Leader in Mobilizing Internet Services on the Handsets Most People Use Today

Deal Enhances Ability to Deliver Integrated Services that Optimize Network Usage, Provide Better User Experiences and Improve Battery Life SAN DIEGO, Oct. 13 - Qualcomm Innovation Center, Inc. (QuIC), a wholly owned subsidiary of Qualcomm Incorporated (Nasdaq: QCOM), today announced it has acquired iSkoot Technologies Inc., a newly-formed corporation that has recently received substantially all...

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Mergers & Acquisitions

Nypro Inc. Has Entered into a Definitive Agreement to Acquire 100% of the Shares of Schlosser Medizintechnik GmbH of Knittlingen, Germany

CLINTON, Massachusetts; October 11, 2010 - Nypro Inc. has entered into a definitive agreement to acquire 100% of the shares of Schlosser Medizintechnik GmbH of Knittlingen, Germany. The agreement was announced jointly today by Ted Lapres, President and CEO of Nypro, here and Peter Pronath, President, General Manager and major shareholder of Schlosser. Founded in 1969, Schlosser is a well-known...

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Mergers & Acquisitions

MSA Completes Acquisition of General Monitors

California Company Strengthens MSA's Presence in Oil, Gas and Petrochemical Markets PITTSBURGH, Oct. 14 - MSA (NYSE: MSA) today announced it has completed the acquisition of General Monitors of Lake Forest, Ca., a leading innovator and developer of fixed systems for gas and flame detection. General Monitors is a privately held company that employs approximately 225 people globally and had 2009...

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Mergers & Acquisitions

Grainger Announces Acquisition of SafetyCertified

CHICAGO, Oct. 14 - Grainger (NYSE: GWW), North America's leading broad line distributor of facilities maintenance products, today announced it has acquired substantially all of the assets of SafetyCertified, Inc. Terms of the deal were not disclosed. As North America's largest distributor of safety products, we are committed to helping businesses and institutions manage and operate safe and...

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Mergers & Acquisitions

GE Acquires Opal Software - Strengthens Smart Grid Software Portfolio

ATLANTA -14 October 2010 - GE (NYSE: GE) has expanded its smart grid software portfolio with the acquisition of data migration and SCADA simulation specialists Opal Software. The acquisition allows GE's Digital Energy business to deliver greater operational and network productivity to utility customers and increase the development speed and delivery of new solutions-securing GE as a smart grid...

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Mergers & Acquisitions

Univar to Acquire Basic Chemical Solutions

REDMOND, Wash. and REDWOOD CITY, Calif., Oct. 12 - Univar Inc., a leading global chemical distributor, and Basic Chemical Solutions, L.L.C. (BCS), a global distributor and trader of commodity chemicals, announced today that they have signed a definitive agreement for Univar to acquire BCS. The acquisition is expected to close in the first quarter of 2011, subject to customary closing conditions....

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Mergers & Acquisitions

3D Systems Acquires Provel, Italy's Leading Prototyper

Company Continues to Expand Its 3Dproparts(TM) Service in Europe 3D Systems Corporation (Nasdaq:TDSC), announced today that it has acquired Provel, S.r.l., an Italian provider of rapid prototyping, tooling and manufacturing services, as part of the company's continued expansion of its 3Dproparts(TM) service in Europe. Based in Turin, Italy, Provel delivers a comprehensive portfolio of premier...

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Mergers & Acquisitions

FirstEnergy and Allegheny Energy Respond to PA Governor's Announcement

AKRON, Ohio, Oct. 12 - FirstEnergy Corp. (NYSE: FE) and Allegheny Energy (NYSE: AYE) today issued the following statement in response to Pennsylvania Governor Ed Rendell's opposition to the companies' proposed merger: We respectfully disagree with Governor Rendell's position on our proposed merger. The merger will create a stronger company, better positioned to deliver significant immediate and...

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