M&A Updates on the Go!
Accenture acquires Navisite, its fourth buy in 2024.
Accenture acquires Navisite, a transformation services provider, to boost its cloud transformation business. This acquisition will enhance Accenture’s ability to?help its US and Canadian clients modernize AI by building a strong digital core in data?and cloud. Nearly 1,500 people from Navisite are expected to join Accenture’s?Infrastructure Engineering practice.?
Chesapeake Energy and Southwestern Energy merge to?form a natural gas behemoth.
The two major natural gas and shale-producing companies have agreed to merge in?a $7.4 Billion deal. The two companies are expected to deliver natural gas at a lower cost and usher in an era of affordable, reliable, and lower-carbon future while escalating America’s energy reach.?
Intel spins off Articul8 to sell enterprise generative AI?software it developed.
Led by Arun Subramaniyan, Articul8 offers a vertically optimized generative AI platform with the flexibility to opt for on-prem, cloud, or hybrid deployment options. Enterprises?including Scripps, Uptycs, and Invest India are already using the system.?
GSK buys Aiolos Bio for $ 1.4 Billion to expand its?respiratory biologics portfolio.
The British pharmaceutical major is acquiring Aiolos Bio, a San Francisco, USA and?London, UK-based clinical-stage, private, biopharmaceutical company. Through this acquisition, GSK gets access to Aiolos’ AIO-001, a long-acting anti-thymic stromal lymphopoietin (TSLP) monoclonal antibody. GSK will focus on patients with unmet treatment needs for asthama.?
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