Apollo Global Management, a private equity firm, stated it has raised its bid to take Tech Data, a U.S. information technology equipment distributor, private in a deal valued at around $6 billion. Excluding debt, the deal is valued at nearly $5.14 billion, up from a previous offer of $4.77 billion. Following Apollo Global Management’s new…
Germany’s second biggest software firm, Software AG, aims to capitalise on its core strengths and expand into the upcoming IoT market. On Thursday, Germany’s No.2 business software firm, Software AG, reported ot would be investing $23 to $34.5 million (20 million to 30 million euros) in 2019 in growth projects, with CEO Sanjay Brahmawar seeking…
ABB sees a yearly potential for cost synergies of $200 million arising as a result of this acquisition. On Monday, Swiss engineering giant ABB stated it will be acquiring General Electric’s Industrial Solutions for $2.6 billion. The deal is help expand its footprint in the North American market. As a result of the deal, Zurich-based…
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