USA > Germany based Allianz Real Estate buys 43% in 1515 Broadway, New York from SL Green Realty Corp

Allianz logo Allianz Real Estate, a subsidiary of Allianz Group, is set to invest approximately $416 million cash proceeds to SL Green for 1515 Broadway. According to the contract, SL Green Realty Corp will sell 43% interest for the 1515 Broadway building. The transaction values the property of 1.86 million-square-foot, Class-A Times Square office building at $1.950 billion or $1045 per square More …

USA > Japan based Astellas Pharma Inc. acquires US based Mitobridge for $225 million (plus additional $225 million contingent on clinical development)

Astellas_Pharma_logo.svg Exercising its exclusive option right to acquire Mitobridge under the amended terms of the October 2013 partnership agreement governing their an R&D collaboration focused on discovering and developing novel drugs that target mitochondrial function, Astellas Pharma Inc. will now wholly own US based Mitobridge. The 2013 partnership agreements between Astellas and Mitobridge were formulated to discover and develop compounds that More …

USA > Canada based Maple Leaf Foods is set to acquire USA based Field Roast Grain Meat Co. for $120 million plus related costs

Maple leaf foods logo Field Roast Grain Meat, a leading premium grain- based meat and vegan cheese products company, is to be acquired by Maple Leaf foods for $120 million plus related costs. Field Roast Grain Meat has sales of approximately $38 million and the transaction was expected to be closed at the end of 2017 subject to customary regulations and transaction conditions. Maple More …

USA > India based Infosys partners with the State of Rhode Island to establish a Infosys Design and Innovation Hub

Infosys logo A global leader in consulting, technology and next generation services, Infosys has announced a multi- year partnership with the State of Rhode Island to establish an Infosys Design and Innovation Hub that will hire 500 American workers in Rhode Island over the next five years. According to Ravi Kumar, President, Infosys: “Today’s partnership with Rhode Island marks another important step More …

USA > India based Mahindra Group has opened a new North American HQ and manufacturing in Southeast Michigan investing $230 million

Mahindra logo Mahindra Automotive North America (MANA), a subsidiary of Mahindra Group, has opened a new North American HQ and manufacturing operation in Southeast Michigan which is the first new OEM facility in over 25 years. The $230 million investment in Southeast Michigan includes a recently opened warehouse and logistics operations in Pontiac and an existing prototype operation in Troy. In the More …

USA > Belgium based BICS acquires US based TeleSign for $230 million

bics logo Global provider of international wholesale connectivity and interoperability services, BICS has announced that it has closed the acquisition of TeleSign, a US based CPaaS company, for $230 million. The acquisition creates the world’s first end- to- end CPaaS provider augmenting one of the world’s largest global carriers with the market leading TeleSign cloud communications platform. TeleSign will continue as a More …

USA > US based Agena Bioscience and Germany based Molecular Health partner for MassArray Interpretation

agena bioscience Agena Bioscience and Molecular Health have entered into strategic partnership , even though specific terms of the agreement were not disclosed, it is known that Molecular Health will use its MH guide analysis platform to interpret Agena’s MassArray system raw generated data. The firm plan to cooperate and collaborate with their respective customer bases under the partnership and is part More …

USA > BYTON’s North American headquarters is fully operational in Silicon Valley, USA

byton logo In its effort to establish a global presence, BYTON’s North American headquarters become fully operational. BYTON’s North American headquarters covers an area of 80,000 square feet and employs more than 120 employees. It plans to add another 200 jobs next year. According to BYTON CEO & Co-Founder Dr. Carsten Breitfeld “BYTON’s idea of marrying the automotive industry with digital technology is More …