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 > Swiss’ Nestlé agrees to sell its U.S’ confectionery business to Italian Ferrero for $2.8 billion in cash

nestle logo Headquartered in Switzerland, Nestlé agrees to sell its U.S. confectionery business to Italy based Ferrero for $2.8 billion in cash. Representing about three percent of U.S. Nestlé Group sales, Nestlé’s U.S. confectionery business includes popular brands of chocolate such as Butterfinger, Crunch, BabyRuth, 100 Grand,  Raisinets, Chunky, OhHenry! and SnoCaps, as well as local sugar brands such as SweeTarts, LaffyTaffy, Nerds, FunDip, PixyStix, Gobstopper, BottleCaps, Spree and Runts. Nestlé’s 2016 U.S. confectionery sales reached about USD 900 million 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 > London based FreeMove and US based T-Mobile expand their partnership

T mobile logo T-Mobile became FreeMove’s exclusive US partner for seamless global communication between Europe and the US. This also augments T-Mobile coverage as FreeMove’s partners such as Orange, Telecom Italia, Deutsche Telekom and Telia Company who are the market leaders in the UK, Germany, France, Italy Spain , the Nordics, Turkey, Eurasia and Baltic region are also collaborating with the US based More …