GrubMarket, a leading technology-driven food distribution company, has successfully completed the acquisition of London Fruit, a well-established family-owned wholesale distribution business based in South Texas. London Fruit, operating since 1981, is a market leader in avocados, limes, mangos, and other premium tropical fruits sourced from its extensive network of producers across Mexico, Peru, and other … Read more
Netsurit, a prominent managed service provider (MSP), has recently completed the acquisition of Vital I/O, Inc., a leading MSP company offering flexible and scalable IT managed and cloud services. Vital I/O is based in Maine and brings with it a team of experienced leaders who share the same cultural values, possess more than two decades … Read more
Mortgage servicing startup Stavvy has acquired its rival platform, Brace, in a strategic acquisition aimed at addressing inefficiencies in the mortgage servicing industry caused by outdated technology. The acquisition is expected to position Stavvy as a leader in the sector and enable the company to provide a more dynamic and streamlined experience for its consumers. … Read more
UPM Biochemicals has made a significant acquisition by purchasing SunCoal Industries GmbH, a German-based company known for its unique technology portfolio that produces performance products from renewable raw materials. The technology developed by SunCoal Industries will be integrated into the production of UPM’s BioMotionTM Renewable Functional Fillers (RFF), which will be one of the products … Read more
Rapyd, the fintech-as-a-service startup that powers payment and financial services through APIs, is set to acquire a significant part of PayU, the payments group owned by Prosus, for $610 million. The move marks a significant step forward in Rapyd’s growth, fueled by a new financing round of $700 million. The acquisition will enable Rapyd to … Read more
Walmart has completed the acquisition of Tiger Global’s remaining shares in Indian e-commerce major, Flipkart, for $1.4 billion. This move further solidifies Walmart’s control over Flipkart and boosts its stake in the company. With this transaction, Flipkart’s valuation is estimated to be around $35 billion. Tiger Global’s investment of $1.2 billion in Flipkart has resulted … Read more
Lindsay Corporation has completed the acquisition of FieldWise, LLC, a market leader in agricultural technology products, specializing in precision irrigation solutions on a subscription-based model. Based in Norfolk, Nebraska, FieldWise offers innovative solutions that allow agricultural producers to remotely monitor and intelligently control critical assets on their farms or ranches, with a focus on mechanized … Read more
Dynatrace, a leader in unified observability and security, has announced its plan to acquire Rookout, a provider of enterprise-ready and privacy-aware solutions that enable developers to troubleshoot and debug actively running code in Kubernetes-hosted cloud-native applications. The addition of Rookout to the Dynatrace platform aims to empower developers to accelerate innovation and delivery of flawless … Read more
Rio Tinto, a global mining company, has agreed to acquire PanAmerican Silver’s stake in Agua de la Falda S.A., a company with exploration tenements in Chile’s Atacama region, and to enter a joint venture with Codelco, the world’s largest copper producer and Chile’s state-owned mining company. The joint venture will explore and potentially develop Agua … Read more
Research Solutions has made an undisclosed acquisition of ResoluteAI, a New York-based advanced search platform powered by Artificial Intelligence (AI) and Natural Language Processing (NLP). The acquisition aims to leverage ResoluteAI’s expertise in AI and NLP to enhance Research Solutions’ information management capabilities, making a wide range of information sources and data more discoverable. Shares … Read more