Mergers & Acquisitions

Mergers & Acquisitions

Paint Sundries Solutions, Inc. Announces Acquisition of Leading Southern California Paint Sundries Distributor

Acquisition of Los Angeles Art Glass Corporation (LAAGCO SALES) Seen As Key To Continued Growth Plans KIRKLAND, Wash., Jan. 18 -- Paint Sundries Solutions, Inc. (Paint Sundries Solutions) announced today that it had reached a definitive agreement to acquire Los Angeles Art Glass Corporation (LAAGCO SALES) of Los Angeles, Calif. The agreement brings together two of the leading distributors of...

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Mergers & Acquisitions

Universal Compression Expands Fabrication Operations with Acquisition of B.T. Engineering

HOUSTON, Jan. 18 -- Universal Compression Holdings, Inc. (NYSE:UCO) today announced that it has acquired B.T. Engineering Pte Ltd ( BTE ), a leading Singapore-based fabricator of oil and gas, petrochemical, marine and offshore equipment, including pressure vessels, FPSO (floating production, storage and offloading) process modules, terminal buoys, turrets, natural gas compression units and...

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Mergers & Acquisitions

Deep Down Executes LOI to Acquire ElectroWave USA

HOUSTON, Jan. 22 -- Deep Down, Inc. (BULLETIN BOARD: DPDW) today announced it has signed a letter of intent to acquire ElectroWave USA, an electronic monitoring/control system designer and manufacturer serving the energy, military, and commercial sectors, located in Houston, Texas. We are excited to have an executed letter of intent to acquire ElectroWave, commented Ron Smith, Deep Down's chief...

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Mergers & Acquisitions

Elektrobit Sold to Embio its Business Activities in Kemi and Ylivieska, Finland

Elektrobit and Embio signed an agreement on December 29, 2006, according to which Elektrobit's business activities in Kemi and Ylivieska were transferred to Embio on December 29, 2006. In context, 42 employees were transferred to Embio with corresponding terms of employment. The parties have agreed not to publish the purchase price or other agreement terms. The activities in Kemi and Ylivieska...

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Mergers & Acquisitions

SKF Acquires Preventive Maintenance Company Inc.

KULPSVILLE, PA - In a move that strengthens SKF's market leadership in reliability services, condition monitoring products, maintenance strategies, and consulting services, the company's subsidiary, SKF USA Inc. has acquired Preventive Maintenance Company Inc. (PMCI), Elk Grove Village, Illinois, USA. PMCI has 70 employees with annual sales of approximately $10 million (USD). PMCI is a market...

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Mergers & Acquisitions

Teleperformance: Strategic Move on the German Market

PARIS and MONTABAUR, Germany, January 19 -- Teleperformance SA and United Internet AG have signed a share purchase agreement relating to the acquisition by Teleperformance of 100% of the shares of twenty4help Knowledge Service AG, European leader in Technical support and help desk. The closing of the transaction will take place in the next coming weeks, as soon as conditions precedent set forth...

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Mergers & Acquisitions

LSI Logic Announces HSR Clearance to Merge with Agere Systems

MILPITAS, Calif., Jan. 19 -- LSI Logic Corporation (NYSE:LSI) today announced that the waiting-period under the Hart-Scott- Rodino Antitrust Improvements Act of 1976 with respect to the proposed merger of LSI and Agere Systems Inc. (NYSE:AGR) has expired. On December 4, 2006, LSI and Agere announced a definitive merger agreement under which the companies will be combined in an all-stock...

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Mergers & Acquisitions

Abbott to Sell Its Core Laboratory Diagnostics Business, Including Point of Care, to GE for $8.13 Billion

Abbott's Molecular Diagnostics and Diabetes Care Businesses to Remain Part of Abbott's Broad-Based Portfolio ABBOTT PARK, Ill., Jan. 18 -- Abbott (NYSE:ABT) today announced that it will sell its core laboratory diagnostics business included in the Abbott Diagnostics Division and Abbott Point of Care (formerly known as i-STAT) to GE for $8.13 billion in cash, resulting in approximately $6 billion...

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Mergers & Acquisitions

TriZetto Signs Definitive Agreement to Acquire Plan Data Management, Inc. to Bolster its Medicare Advantage Solutions and Applied Business Intelligence Capabilities

NEWPORT BEACH, Calif.--The TriZetto Group, Inc. (NASDAQ: TZIX) today announced that it has signed a definitive agreement to acquire privately held Plan Data Management, Inc., a leading provider of revenue enhancement software and administrative efficiency solutions for payers that service members in Medicare Advantage, Medicare Part D and Medicaid plans. The transaction is subject to customary...

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Mergers & Acquisitions

Arcelor Mittal Announces Sale of Huta Bankowa

Rotterdam/Luxembourg, January 19, 2007 - Arcelor Mittal has announced today the agreed sale of Huta Bankowa to Alchemia SA Capital Group, as part of Mittal Steel's commitments to the European Commission during the recommended merger of Arcelor S.A. and Mittal Steel N.V. Huta Bankowa, a 100% subsidiary of Arcelor Mittal, is located in Dabrowa Gornicza (Southern Poland). The business comprises...

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