M&A Updates on the Go!
Siemens acquires Altair for USD 10.6 Billion to expand its industrial software and AI leadership.
Siemens has announced the acquisition of Altair Engineering aimed at strengthening its capabilities in industrial software and AI. Altair’s expertise in computational science, high-performance computing, and AI will enhance Siemens’ offerings in AI-powered design and simulation. This acquisition is part of Siemens' strategy to merge physical and digital technologies for advanced industrial solutions. The deal is expected to bring strong financial synergies, contributing positively to Siemens’ earnings within two years, with completion anticipated by late 2025.
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Wiz turns down USD 23 Billion Google offer to pursue IPO and long-term growth.
Google’s planned acquisition of cloud security company Wiz for USD 23 Billion fell through, making headlines as it would have been Google’s largest acquisition to date. Wiz’s decision to step back stemmed from antitrust concerns and a desire to remain independent. The company, founded in 2020, has experienced rapid growth, reaching USD 350 Million in annual recurring revenue, with further goals to reach USD 1 Billion before considering an IPO. While Google hoped to bolster its security offerings against competitors like Microsoft, Wiz co-founder Assaf Rappaport emphasized the company's commitment to building out its path toward public listing.?
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Atos to sell Worldgrid unit to Alten as part of strategic realignment.
Atos, a French IT services company, is selling its Worldgrid subsidiary to the engineering firm Alten for approximately USD 290 Million. The transaction is part of Atos's ongoing restructuring efforts, allowing the company to focus on its core digital and cybersecurity businesses. Alten, an engineering and technology consulting leader, will acquire Worldgrid to expand its energy and utilities capabilities. The Worldgrid unit gives employment to nearly 1,100 employees and generates approx. USD 200 Million in revenue last year. The Nanterre Commercial Court approved the deal, clearing the way for its finalization.
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L&T Partners with E2E Networks to Drive Cloud and AI Innovation in India.
Larsen & Toubro (L&T) has formed a strategic alliance with E2E Networks to advance AI and cloud-based solutions for Indian enterprises. As part of this collaboration, L&T will acquire a 21% stake in E2E, aiming to enhance digital transformation capabilities with scalable cloud services, particularly in AI-driven applications. The partnership aligns with India's "Make in India" vision, positioning both companies to support domestic cloud technology and AI growth. Together, they plan to provide GPU and CPU cloud infrastructure for diverse industry needs.
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