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Posts Tagged ‘acquires’

Sing Holdings acquires Robin Star for $47m

January 30th, 2011 | No Comments

Following its acquisition of Robin Court and 1 Robin Drive last year, Sing Holdings says has entered into a sale and purchase agreement to acquire yet another adjoining site Robin Star for $47 million.

The three sites have a combined land area of 64,878 sqft. With a plot ratio of 1.4 and including a 10% balcony area allocation, the Property can yield a gross floor area of about 99,913 sqft. The total purchase price of $124.33 million translates to $1,297 per square foot per plot ratio, inclusive of estimated development charges of about $5.28 million.

CapitaLand acquires Marine Point condo for $100.7m for redevelopment

January 27th, 2011 | No Comments

CapitaLand says it has signed a sale and purchase agreement to acquire Marine Point condo for $100.68 million through a collective sale to redevelop the property into a condominium with 150 units, comprising one-bedroom plus study and two-bedroom apartments.

Located along Marine Parade Road, Marine Point sits on a 51,185 sqft freehold site with a maximum gross floor area of 107,488 sqft. The Marine Point site is located along Marine Parade Road, opposite the bustling Marine Parade Town Centre and Parkway Parade shopping mall.

Inclusive of an estimated development charge of $12.8 million, the total acquisition cost works out to $1,056 per square foot per plot ratio.

CA Acquires Torokina Networks to Expand Telecommunication Industry Services

January 27th, 2011 | No Comments

CA Technologies acquired Torokina Networks, a company specializing in infrastructure services for the telecommunications industry, especially 3G, 4G, and LTE wireless carriers. – CA Technologies acquired Australian telecomm consultancy
Torokina Networks to strengthen IT services it provides to telecommunications companies,
CA Technologies said on Jan. 25.
The deal actually closed on Dec. 22 but the companies
decided to delay the announcement until key customers had been …

SolarWinds Launches New Product, Acquires a Company

January 19th, 2011 | No Comments

The Texas-based IT management software company releases a new application performance monitor and buys neighboring Hyper9, which makes virtualization management tools. – IT management software maker SolarWinds had a big day Jan. 19, coming out
with a spiffy new data center product and acquiring a company that will help it
move into new markets.

SolarWinds launched its new Orion Application
Performance Monitor, which offers visibility into the data center and p…

Raffles Education acquires Merchant Square properties for $65m

January 13th, 2011 | No Comments

Raffles Education Corporation, the operator of private schools, says it plans to acquiring a four-storey office tower and two blocks of shophouses with a total net lettable area of 50,262 sq ft at Merchant Square for $65 million to enable the company to secure a permanent place of business instead of using rented premises.

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NetApp Acquires Data Center Management Specialist Akorri

January 12th, 2011 | No Comments

Akorri’s BalancePoint analytical software provides automated, infrastructure-wide visibility and analysis to help enterprises fix problems and improve performance. – Network storage maker NetApp bolstered its presence in the virtualized computing sector Jan. 12 with the announcement that will acquire data center management software maker Akorri Networks.

NetApp reported that this is an all-cash transaction without disclosing exactly how much cash it was going…

Lian Beng acquires Mandai Estate land for $67m

January 11th, 2011 | No Comments

Builder Lian Beng Group says subsidiary Lian Beng-Centurion (Mandai) has agreed to acquire a freehold land parcel at Mandai Estate along Woodlands Road for $67 million from Mandai Properties to develop the land into an industrial complex for sale and lease.

The 201,443 sq ft land parcel is located close to Yew Tee MRT station, as well as the Bukit Timah Expressway (BKE) and Kranji Expressway (KJE). It has a plot ratio of 2.5, and a resulting gross floor area of 503,606 sq ft. This works out to an average price of about $133 psf per plot ratio.

VASCO Acquires DigiNotar in Authentication Play

January 10th, 2011 | No Comments

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Vasco Data Security
International announced today it has acquired Internet trust services
spe…

SingTel Innov8 unit acquires 28.6% stake in 2359 Media

January 10th, 2011 | No Comments

Singapore Telecommunications says wholly-owned subsidiary, SingTel Innov8, has acquired a 28.57% stake in 2359 Media, for $800,006.40.

As at Nov 30, the unaudited net asset value per share of 2359 Media was $3.50.

2359 Media is a Singapore-based mobile marketing provider whose core product offering is MobDis, a HTML5-based mobile advertisement creation platform that allows marketers and designers to rapidly create, publish and share engaging mobile advertisements.

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Administaff Acquires OrgPlus Product Line from HumanConcepts

January 10th, 2011 | No Comments

The acquisition includes the brand name and OrgPlus licensed software product line designed for the SMB market segment. –
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Administaff, a provider of
human resources services for small and midsize businesses, announced the
acquisition of certain assets from HumanConcepts, a provi…

ST Engineeringâ€™s electronics arm acquires remaining 30% equity stake in PM-B

January 5th, 2011 | No Comments

ST Engineering says ST Electronics (Info-Software Systems) (STEE-InfoSoft) has acquired the remaining 30% equity stake in PM-B from the other existing shareholder, Nicky Ting, for a total cash consideration of $2 million.

With the acquisition, PM-B becomes a wholly-owned subsidiary of STEE-InfoSoft, which in turn is a wholly-owned subsidiary of ST Electronics, the electronics arm of ST Engineering.

Dell Acquires SecureWorks to Add Managed Security Services to IT Portfolio

January 4th, 2011 | No Comments

Dell acquired SecureWorks, which specializes in managed security, risk assessment, and threat management for corporate customers, to expand its IT-as-a-service portfolio into security. – Dell confirmed on Jan. 4 that it will acquire SecureWorks,
an information-security services company. The acquisition will expand Dells enterprise
IT-as-a-service portfolio, the company said.
The acquisition is expected to close sometime in February,
or Â“in approximately 40 days,Â” Peter Altabef, …

Global Logistic Properties acquires 53% stake in Airport City Development Co.

January 4th, 2011 | No Comments

Global Logistic Properties says it will acquire a 53% interest in Airport City Development Co., Ltd. (ACL), the sole developer of the airside cargo handling and bonded logistics facility at the Beijing Capital International Airport (BCIA), from Prosper Line Investments Limited and Great Ocean Overseas Holdings Limited.

The deal size is about US$375 million ($483 million) in cash and stock and includes the proposed sale of certain non-core assets, GLP said in a statement.

The company says the investment will advance its strategic position as a provider of air-cargo logistics facilities in China. The ACL properties will also be GLP’s first air cargo facilities to be sited within an airport.

Chemoil Energy acquires OceanConnectâ€™s marine fuel business for $32m, appoints new CEO

January 3rd, 2011 | No Comments

Chemoil Energy says unit Chemoil International has acquired the marine fuel group business of OceanConnect Holdings Inc for US$25 million ($32 million) which will be funded by internal resources.

In a separate announcement, Chemoil says it has appointed Tom Reilly, the former chief executive officer of OceanConnect, as its new CEO and director on Monday.

Dell Acquires InSite One to Ease Medical Image Sharing, Storage

December 22nd, 2010 | No Comments

Dell will buy medical archiving company InSite One to boost its Unified Clinical Archive and allow doctors to share medical images in the cloud. – Dell has announced it will
buy InSite One, the developer of a medical archiving cloud application to make
it easier for physicians to share medical images and make quick diagnoses by
collaborating on images online.
Terms of the Dec. 22 agreement
were not disclosed.

The deal will combine InSi…

Hu An Cable acquires land to build $17.5m copper rod plant

December 22nd, 2010 | No Comments

Mainboard-listed Hu An Cable Holdings, the China-based wire and cable manufacturer, says it recently acquired 61,335 square metres of land in Jiangsu Province for RMB21.2 million ($4.18 million) to build its RMB88.9 million copper rod plant.

The land is located adjacent to the group’s existing production facilities, with a tenure of 50 years. Once completed, the plant will triple its annual production capacity of copper rods from 21,000 tonnes to 75,000 tonnes by September 2011.

SIA Cargo acquires stake in China Cargo Airlines

December 20th, 2010 | No Comments

Singapore Airlines Cargo has signed an agreement to acquire 16% of the equity interest in China Cargo Airlines Co Ltd, subject to regulatory and other approvals.

China Cargo Airlines is a Shanghai-based company incorporated in China, with an initial registered capital of RMB950 million ($188 million).

It was 70% owned by China Eastern Airlines and 30% owned by China Ocean Shipping (Group) Company (Cosco).

Rackspace Acquires Cloudkick for Cloud Server Management Software

December 17th, 2010 | No Comments

Rackspace acquired Cloudkick to add its Web portal for managing servers in the cloud as well as in data centers to the Rackspace cloud computing portfolio. – Rackspace will acquire Cloudkick, developer of a cloud-server management
portal, to expand its cloud monitoring portfolio, Rackspace confirmed on Dec.
16.
With cloud computing, organizations can quickly and efficiently launch new
servers, but in the automated cloud environment organizations can …

Citrix Online Acquires Netviewer to Expand European Market Presence

December 17th, 2010 | No Comments

Citrix Online, a services division of Citrix Systems, will acquire a German company that provides similar remote management and collaboration tools and has a strong European market position. – Eyeing huge growth opportunities in the European software-as-a-service
market, Citrix Online will acquire German SAAS provider Netviewer, said parent
company Citrix Systems on Dec. 17.
The transaction is expected to close in early 2011. Citrix will purchase all
the shares of the privately held …

Pan-United Corp unit acquires 100% stake in PT Pacific Granitama for $10m

December 17th, 2010 | No Comments

Pan-United Corp says wholly-owned indirect subsidiary, Resources Development (2010), had entered into a binding agreement to acquire the entire issued shares of Indonesian company PT Pacific Granitama from its existing shareholders for $10 million.

PT Pacific Granitama is a company engaged in granite mining activities, with fully-equipped manufacturing and loading facilities for the production and export of granite aggregates and by-products.

Posts Tagged ‘acquires’

Sing Holdings acquires Robin Star for $47m

CapitaLand acquires Marine Point condo for $100.7m for redevelopment

CA Acquires Torokina Networks to Expand Telecommunication Industry Services

SolarWinds Launches New Product, Acquires a Company

Raffles Education acquires Merchant Square properties for $65m

NetApp Acquires Data Center Management Specialist Akorri

Lian Beng acquires Mandai Estate land for $67m

VASCO Acquires DigiNotar in Authentication Play

SingTel Innov8 unit acquires 28.6% stake in 2359 Media

Administaff Acquires OrgPlus Product Line from HumanConcepts

ST Engineeringâ€™s electronics arm acquires remaining 30% equity stake in PM-B

Dell Acquires SecureWorks to Add Managed Security Services to IT Portfolio

Global Logistic Properties acquires 53% stake in Airport City Development Co.

Chemoil Energy acquires OceanConnectâ€™s marine fuel business for $32m, appoints new CEO

Hu An Cable acquires land to build $17.5m copper rod plant

SIA Cargo acquires stake in China Cargo Airlines

Citrix Online Acquires Netviewer to Expand European Market Presence

Pan-United Corp unit acquires 100% stake in PT Pacific Granitama for $10m

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