NORWAY >  Germany based Siemens is set to digitalize the Norwegian Railway infrastructure which is the biggest rail infrastructure order in Siemens history totaling around 800 million Euros ($989.17 million)

Siemens logo1 Siemens is set to equip the entire Norwegian railroad network of approximately 4200 track kilometers. European Train Control System (ETCS) Level 2 type Trainguard combined with the interlocking type Simis W and IP-based wayside network communication solution type Sinet will be equipped in the railroad network. Siemens has also received a maintenance service for 25 years in the contract which More …

UK > Canada based Optimal Payments Plc. is set to acquire London based Skrill for €1.1 billion (US$1.3 billion)

Optimal Payments logo A global provider of online and mobile payment processing services, Optimal Payments Plc., is set to acquire Skrill Group. Skrill Group is a subsidiary CVC Funds and other shareholder and Optimal is set to acquire Skrill for approximately €1.1 billion (US$ 1.3 billion). Skrill is one of the leading digital payment of Europe business that provide digital wallet solutions and More …

BULGARIA > Czech Republic based IBA Groups opens office in Bulgaria

IBA group logo IBA group has announced the opening of its new office in Burgas, Bulgaria. Burgas is the second largest city of the Bulgarian Black Sea Coast and is the fourth largest city in Bulgaria. IBA Bulgaria was legally registered on November 5th, 2017. IBA Belarus in Minsk and Gomel, IBA CZ in the cities of Prague, Brno, and Ostrava in the Czech Republic, IBA Slovakia More …

IRELAND > USA based Park Place Technologies completes the acquisition of Ireland based Origina Technology Services

park place technologies logo Origina Technology Services hardware maintenance business is acquired by USA based Park Place Technologies. Park Place Technologies positions itself as the largest third party maintenance provider (TPM) after the acquisition in Ireland. Park Place will further enhance its European presence and expand the company’s depth of IBM expertise in Ireland and will also increase its ability to service its client More …

UK > Viavi Solutions is set to acquire Test and Measurement business of Cobham plc. for $455 million

Viavi Solutions logo Subject to certain customary closing adjustments, Viavi Solutions Inc. is set to acquire Cobham Test and Measurement for $455 million cash consideration. Approved by the Board of Directors of both companies, the acquisition is expected to close during the second half of VIAVI’s fiscal year 2018, subject to obtaining clearance under the Hart-Scott-Rodino Antitrust Improvements Act, as well as other More …

USA > India based Infosys is set to open its next Technology and Innovation Hub in Hartford, Connecticut that will create 1000 jobs for American workers by 2022

Infosys logo A global leader in consulting, technology and next generation services, Infosys, is set to open its next Technology and Innovation Hub in the US hiring 1000 workers by 2022. With a special focus on insurance, healthcare and manufacturing, the Connecticut Technology and Innovation Hub will serve Connecticut clients and also will serve as a global hub for Infosys’ InsurTech and More …

USA > Descartes Systems Group is set to acquire Aljex Software Inc. for $32.4 million

Descartes logo Canada based Descartes Systems Group , the global leader in logistics- intensive businesses united with commerce, is set to acquire a cloud-based provider of back-office transportation management solutions for freight brokers and transportation providers company called Aljex Software Inc. Aljex Software Inc. is based in USA. Aljex has served freight brokers and transportation providers for over 20 years and has More …

UK > Japan based NEC Corporation to acquire UK based Northgate Public Services Limited (NPS) for GBP 475 million ($677.8 million)

NEC logo Accelerating NEC’s international business, NEC Corporation is set to acquire UK based IT services company NPS for GBP 475 million ($677.8 million) from leading international private equity firm Cinven. The expected acquisition completion date is end of January 2018. Working mainly in the UK, NPS develops software and services for the public sector and employs approximately 1,400 software engineers in More …