Mergers & Acquisitions

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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Mergers & Acquisitions

Trimble Acquires Terralite Assets from Novariant to Expand Its Positioning Technology Portfolio

SUNNYVALE, Calif., Oct. 8 - Trimble (Nasdaq: TRMB) announced today it has acquired the Terralite assets from Novariant to expand its portfolio of positioning solutions. Financial terms were not disclosed. The Terralite XPS technology is a scalable infrastructure that generates signals for real-time positioning to augment existing Global Positioning System (GPS) coverage. The technology uses a...

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Mergers & Acquisitions

Landstar Completes Buy-out of NLM Acquisition Contingent Payment Obligations

JACKSONVILLE, Fla., Oct. 11 - Landstar System, Inc. (Nasdaq: LSTR), a non-asset based provider of integrated supply chain solutions delivering safe, specialized transportation, warehousing and logistics services, today announced that it has agreed to buy-out all future contingent payment obligations to the prior owner of NLM for $3.8 million. In July 2009, Landstar acquired National Logistics...

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Mergers & Acquisitions

Golden Phoenix Signs Binding MOU to Acquire 80% Interest in Five Peru Properties Totaling over 25 Square Miles; Expands into Central and South America

SPARKS, Nev., Oct. 8 - Golden Phoenix Minerals, Inc. ( Company") (OTC Bulletin Board: GPXM) is pleased to announce it has entered into a binding Memorandum of Understanding ("MOU") with Salwell International ("Salwell") setting forth its intention to acquire an 80% interest in five gold and moly properties located in Peru. "This Peru Property Package represents our first transaction in South...

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Mergers & Acquisitions

Synopsys Acquires Optical Research Associates

Acquisition Extends Synopsys' Engineering Software Capability into Optical Design and Analysis MOUNTAIN VIEW, Calif., Oct. 7 -- Synopsys, Inc. (Nasdaq: SNPS), a world leader in software and IP for semiconductor design, verification and manufacturing, has acquired Optical Research Associates (ORA®), a privately held leading provider of optical design software and optical engineering...

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Mergers & Acquisitions

ADT Has the 'Help Wanted' Sign Out

World's Largest Security Company Expands its Presence in Dallas - Ft. Worth DALLAS, Oct. 8 - Mergers are often bad news for employees of the acquired company as firms seek cost-saving synergies with large scale layoffs. But that's not how ADT Security Services approached the acquisition of its largest competitor. In May, ADT acquired Irving-based Brink's Home Security Holdings, Inc., which had...

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Mergers & Acquisitions

Sonic Completes DivX Acquisition

Combination Will Accelerate Industry Transition to Online Video Delivery NOVATO, Calif., Oct. 8 - Sonic Solutions® (Nasdaq: SNIC) today announced that it has completed the acquisition of DivX, Inc., based in San Diego, California. The addition of DivX® brings widely deployed digital media technologies, an embedded CE footprint of over 300 million devices, a strong consumer brand, and...

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