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Middleby acquires automated packaging solutions provider Pacproinc

Middleby acquires automated packaging solutions provider Pacproinc

Middleby acquisition of Pacproinc : Foodservice equipment manufacturer Middleby has acquired Pennsylvania-based automated packaging solutions provider Packaging Progressions (Pacproinc) for an undisclosed price, as per the latest packaging industry news and packaging acquisition news. Headquartered in Souderton, Pacproinc has annual revenues of $30 million. Pacproinc provides automated packaging technologies for clients in the protein and […]

Anbang Insurance to sell stake in Chinese health insurer Hexie Health

Anbang Insurance to sell stake in Chinese health insurer Hexie Health

Insurance acquisition news : Chinese government-controlled Anbang Insurance Group will sell its entire interest in Hexie Health Insurance, a Chinese health insurance company for an undisclosed amount to multiple buyers, including industrial conglomerate Fujia Group. Reuters reported that the Chinese government has been looking to fast track sale of assets of Anbang Insurance Group, which […]

Thunder Bridge wraps up $581m acquisition of US fintech Repay

Thunder Bridge wraps up $581m acquisition of US fintech Repay

Thunder Bridge acquisition of Repay : Special purpose acquisition company Thunder Bridge Acquisition has completed its previously announced $580.7 million acquisition of US vertically-integrated payments solutions provider Repay Holdings and its parent Hawk Parent Holdings. Based in Atlanta, Repay, which was founded in 2006, provides integrated payment processing solutions to verticals that have specific requirements […]

IBM wraps up acquisition of open source cloud software provider Red Hat

IBM wraps up acquisition of open source cloud software provider Red Hat

IBM acquisition of Red Hat : US IT giant IBM has completed its previously announced $34 billion acquisition of North Carolina based open source cloud software provider Red Hat. Under the terms of the deal announced in October 2018, IBM acquired all the shares of Red Hat for $190 in cash. IBM acquisition of Red […]

Alliant Insurance Services acquires insurance brokerage Degginger McIntosh

Alliant Insurance Services acquires insurance brokerage Degginger McIntosh

Alliant acquisition of Degginger McIntosh : California-based Alliant Insurance Services has acquired Degginger McIntosh & Associates, an insurance brokerage firm based in Washington State, for an undisclosed price, as per the latest insurance acquisition news. The rationale behind Alliant acquisition of Degginger McIntosh Alliant Insurance Services says that Degginger McIntosh & Associates brings to it […]

Reagle Home launches Homekit-enabled smart lock – Reagle Smart Deadbolt

Reagle Home launches Homekit-enabled smart lock – Reagle Smart Deadbolt

Taiwanese smart lock solutions provider Reagle Home has launched its first Homekit-enabled smart lock called Reagle Smart Deadbolt for the consumer market. Reagle Smart Deadbolt, which will be available on Amazon, priced at $189, comes in two colors – satin nickel and dark bronze. According to Reagle Home, the new smart lock has a minimalistic […]

Keyfactor buys Spanish digital identity solutions company Redtrust

Keyfactor buys Spanish digital identity solutions company Redtrust

Keyfactor acquisition of Redtrust : Keyfactor, a provider of secure digital identity management solutions, has acquired Spanish digital identity solutions company Redtrust for an undisclosed price. Redtrust offers centralized certificate and digital signature management, that enables large and medium firms to manage, control and centralize the use of their digital certificates. Commenting on Keyfactor acquisition […]

Principal Financial acquires Wells Fargo Institutional Retirement & Trust Business

Principal Financial acquires Wells Fargo Institutional Retirement & Trust Business

Iowa-based financial investment management company Principal Financial Group wrapped up its previously announced acquisition of the Wells Fargo & Company Institutional Retirement & Trust business. Principal Financial said that it will now start the integration of Wells Fargo’s defined contribution, defined benefit, employee stock ownership plans, executive deferred compensation, institutional trust and custody, and institutional […]

Principal Financial acquires Wells Fargo Institutional Retirement & Trust Business

Principal Financial acquires Wells Fargo Institutional Retirement & Trust Business

Iowa-based financial investment management company Principal Financial Group wrapped up its previously announced acquisition of the Wells Fargo & Company Institutional Retirement & Trust business. Principal Financial said that it will now start the integration of Wells Fargo’s defined contribution, defined benefit, employee stock ownership plans, executive deferred compensation, institutional trust and custody, and institutional […]

India’s Hexaware acquires US digital consultancy firm Mobiquity for $182m

India’s Hexaware acquires US digital consultancy firm Mobiquity for $182m

Hexaware acquisition of Mobiquity : Indian IT consulting company Hexaware Technologies has agreed to acquire US digital consultancy firm Mobiquity for about $182 million. Mobiquity creates digital products for well-known brands across the world such as Amazon Web Services, Wawa, Backbase, Rabobank, Philips, and Otsuka. The digital consultancy firm, which has a global presence in […]


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