SAP is planning to buy secure login and single sign-on products from Switzerland-based security vendor SECUDE. – SAP announced Jan. 12 it will acquire a chunk of SECUDE’s security
business in order to bolster its identity management capabilities.
The deal, made for an undisclosed sum, brings the security software, identity and access management software and other related assets
of SECUDE into the SAP por…
Skype announced plans to acquire Qik, which provides mobile video software and services, at the Consumer Electronics Show. – LAS
VEGAS Faced with the specter of rising competition
from Google and smaller VOIP services, Skype announced Jan. 6 that it had
entered into a definitive agreement to purchase Qik, which provides mobile video
software and services. Online reports indicate that Skype paid $100 million for
the s…
Malaysia’s Maybank (MBBM.KL) is to acquire a stake in Singaporean stock broker Kim Eng (KEHS.SI) from a Taiwanese investor, a source with direct knowledge of the deal told Reuters on Thursday.
Taiwan’s Yuanta Financial Holdings (2885.TW) owns about 28% of Kim Eng.
Shares in Maybank and Kim Eng were suspended from trade on Thursday.
A Maybank official said the company would hold a press conference later in the day but declined to elaborate.
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Sinwa, the marine supply and logistics player, has agreed to acquire 70% of the issued and paid-up share capital of Rapid Offshore & Marine.
Rapid Offshore & Marine is a leading HVAC&R (Heating, Ventilation, Air-conditioning and Refrigeration) and Integrated M&E (Mechanical & Electrical) company in the global marine and offshore industry.
TelePacific Communications will gain approximately 3,500 broadband fixed wireless business customers in three states. – TelePacific Communications will acquire Covad Wireless, a broadband fixed wireless carrier.
TelePacific Communications, a California-based competitive local
exchange carrier providing integrated voice and data
telecommunications services to the small and medium-size business customer segment in…
CapitaMalls Asia says it will acquire Queensbay Mall in Penang, Malaysia, for about RM651.8 million ($272.8 million).
The acquisition will be carried out through CapitaMalls Asia’s subsidiaries and an asset-backed securitisation structure.
CapitaMalls Asia will acquire about 90.7% of the mall’s retail strata area (about 916,181 sq ft) and all its car park spaces. With net lettable area (NLA) of the strata spaces of about 892,361 sq ft, the purchase price is equivalent to about RM730 ($306) per sq ft of NLA.
Hoe Leong has entered into a conditional sale and purchase agreement with Aries AP to purchase 51% of the issued and paid-up share capital of Aries Offshore Singapore for US$15.1 million ($19.9 million).
The remaining 49% of Aries Offshore is owned by Otto Marine’s wholly-owned subsidiary, Otto Ventures.
Aries Offshore owns four 5,150 bhp anchor handling tug supply (AHTS) vessels which have existing bareboat charter contracts.
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Mainboard-listed LMA International NV, the provider of supraglottic airway management devices, says it is in advanced talks to acquire Wolfe Tory Medical, a Salt Lake City, Utah-based manufacturer and distributor of medical devices.
The expected cash consideration for the acquisition is US$13.1 million ($17.3 million), plus additional deferred payments based on the 2012 trailing sales of two new products that will be introduced in 2011. But the proposed acquisition will not include Wolfe Tory Medical’s critical care product, AbViser.
Sembcorp Industries announces that its 40%-owned associate, SembSita Australia, trading as SITA Environmental Solutions, has been named the successful bidder to acquire 100% of WSN Environmental Solutions (WSN), a solid waste management service provider owned by the New South Wales government in Australia.
Trend Micro is buying endpoint encryption vendor Mobile Armor to complement its data security plans. – Trend Micro revealed plans today to acquire
Mobile Armor in a move meant to expand the company’s encryption
capabilities.
The acquisition, which is being made for an undisclosed sum, is expected to
close before the end of the year. Mobile Armor offers full disk, file, folder
and removable media…
Profits can be increased by the effective use of CRM software in a small business setting. Standing for customer relationship management, CRM is based around the notion of serving existing clients and attracting new ones by improving the instances when a business interacts with its customers.
Boomi makes a SAAS application integration platform called AtomSphere that enables easy transfer of data between cloud-based and on-premises applications. – As CEO and founder Michael Dell had
hinted earlier in the day at a conference in Hong Kong,
Dell made a cloud computing acquisition on Nov. 2. Only it wasn’t the one many
people expected at this time.
The Round Rock, Texas-based computer and server maker added a key ingredient to
its cloud st…
Lorenzo International, the vertically-integrated branded retailer and exporter in the region which engages in the design, manufacture, assembly and distribution of conceptualised lifestyle furniture, announced its plan to acquire 49% of home-grown Cheng Meng Furniture Company, which is one of the pioneers in Singapore for interior fitting, furnishing, interior decoration and custom-made furniture.
Cheng Meng Furniture, a reputed brand with over 60 years of tradition, is known to all major hotel developers in Singapore and many others worldwide. Some of the recent hospitality projects include Crockford Tower at Resorts World Sentosa, Intercontinental Hotel in New York, and Intercontinental Resort in Sanya China, amongst many others.
ARA Trust Management (Suntec), as manager of Suntec Real Estate Investment Trust (Suntec REIT), says HSBC Institutional Trust Services (Singapore), as trustee of Suntec REIT, has entered into a conditional share purchase agreement with Choicewide Group, Cavell Limited and Hutchison Whampoa Properties to acquire a one-third interest in Marina Bay Financial Centre Towers 1 and 2, the Marina Bay Link Mall and 695 car park lots through the acquisition of one-third of the issued share capital of BFC Development.
Fraser and Neave announced today that it has entered into a conditional agreement to acquire 100% of the issued share capital of King’s Creameries (S) for $20.8 million. The transaction is subject to obtaining final regulatory approval.
King’s Creameries is a whollyâ€owned subsidiary of Lion Nathan National Foods, a leading food and beverage company in Australia and New Zealand. Lion Nathan National Foods itself is a whollyâ€owned subsidiary of Kirin Holdings Company which acquired a 14.7% interest in F&N in July 2010.
Q & M Dental Group (Singapore) says unit Q & M Dental Group (China) has entered into a binding memorandum of understanding to set up a joint venture with the shareholders of Shenzhen New Perfect Exact Dental Research Co. (SZNP), Peng Hui Chang, Peng Jian Chang and Guo Yu Chun.
SZNP is a equity joint venture incorporated with investment from Taiwan, Hong Kong and Macau in China and focuses on the technology development, dental device materials research and the processing and manufacture of dental devices.
The Ministry of Defence has awarded a contract to ST Aerospace, a unit of ST Engineering, to acquire 12 M-346 aircraft and a ground-based training system for the Republic of Singapore Air Force (RSAF) Advanced Jet Trainer (AJT) replacement programme.
The aircraft will be provided by Alenia Aermacchi, while the training system will be supplied by Boeing. ST Aerospace will undertake the overall management of the AJT programme. The 12 M-346 aircraft and the ground-based training system are expected to be delivered from 2012.
The acquisitions of the M-346 aircraft and the ground-based training system mark a significant milestone in the RSAF’s force development, enhancing the capabilities and operational readiness of the Singapore Armed Forces, says Mindef in its press release.
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Adventus Holdings says Adventus NZ, its wholly-owned subsidiary incorporated in New Zealand, has agreed to buy the coal-mining permits, land, plant and equipment located at Boatmans’ Creek, Town of Capleston, New Zealand, from Medha International for US$8.6 million ($11.4 million).
Adventus says the proposed acquisition will allow the company to pursue the mandate given by its shareholders on 20 November 2009 to pursue the business of commodities and mineral resources management, ownership, exploration, mining and development activities.
Oriental Food (Holdings) says the company, through its wholly-owned subsidiary, Oriental Investments Group, has entered into a conditional share sale and purchase agreement to acquire the entire issued and paid up share capital of Jiangyin Dingsheng Jinshu Yayan Co. from vendor Li Yi for RMB25 million ($4.9 million).
RMB20 million will be paid to the vendor within one month from the completion of the proposed acquisition with the balance to be paid within six months from the completion of the acquisition.
