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Tag: Acquisition News

  • Tata Technologies to Acquire ES-Tec Group in €75 Million Full Buyout Deal

    For a total cash consideration of 75 million euros (more than INR 775 crore), the multinational product engineering and digital services company Tata Technologies said on 13 September that it will purchase a 100% ownership in the Germany-based ES-Tec Group and its subsidiaries.

    According to a statement from Tata Technologies, the business has finalised a deal to purchase all of the equity interests of ES-Tech GmbH and its subsidiaries (collectively, the ES-Tec Group). It further stated that performance-based earn-outs will be included in the consideration, which will be disbursed over the following two years.

    The acquisition of ES-Tec Group, according to Warren Harris, MD & CEO of Tata Technologies, is a strategic move that strengthens Tata’s capacity to provide comprehensive product engineering solutions throughout the automotive value chain and demonstrates the company’s dedication to growing its global presence and gaining access to cutting-edge engineering capabilities.

    Origin and Operations of ES-Tec Group

    ES-Tec Group, a premium automotive engineering services provider with deep domain experience in Driver Assistance Systems (ADAS), Connected Driving, and Digital Engineering, was founded in 2006 and has its headquarters in Wolfsburg, Germany, according to the statement.

    It said that it has a talent pool of more than 300 highly qualified individuals and has established a solid reputation for providing its clients with sophisticated systems engineering solutions. Tata’s strategic objective to be the first partner choice for global OEMs managing the change towards intelligent, connected, and sustainable mobility is ideally aligned with the technical depth, customer centricity, and regional strength of ES-Tec, according to Harris.

    “Joining forces with Tata Technologies is a key step for the ES-Tec Group to extend the breadth and depth of capabilities and expand our international presence,” stated Marc Wille, MD and CEO of ES-Tec, in response to the developments. According to the announcement, the purchase is anticipated to be EPS profitable starting in the first full year of operation.

    What This Means for Global OEMs

    As it speeds up its growth in the European automotive engineering market, Tata Technologies’ acquisition of ES-Tec Group represents a turning point. With ES-Tec’s proficiency in digital engineering, linked technologies, and sophisticated driver assistance systems, Tata Technologies is better equipped to provide global OEMs with all-inclusive mobility solutions.

    Quick Shots

    •Deal announced on 13 September 2025; includes
    performance-based earn-outs over two years.

    •ES-Tec Group, founded in 2006, is a Germany-based
    premium automotive engineering services provider.

    •Expertise in ADAS (Driver Assistance Systems),
    Connected Driving, and Digital Engineering.

    •Talent pool of 300+ skilled engineers with strong
    reputation in systems engineering.

  • LISSUN Acquires Being Cares to Expand AI-Powered Children’s Mental Health Services

    To increase its presence in children’s psychological needs, AI-focused mental health startup LISSUN acquired US-based digital mental health provider Being Cares Inc. The business did not, however, provide the deal’s financial details.

    According to LISSUN, the acquisition will enable it to broaden its offerings to address child-centric issues such as learning disabilities, autism, ADHD, and speech difficulties, among others. Through this acquisition, the healthtech business based in Gurugram has acquired the intellectual property rights to Being Care’s complete workforce and its technologies.

    AI-Driven Care: What LISSUN Plans with Being Cares’ Technology?

    Varun Gandhi and Abhishek Sharma, the founders of Being Care, have both joined LISSUN as chief technology officer and chief product officer, respectively. According to LISSUN’s founder Tarun Gupta, the company is developing a system that uses Bing’s AI and LISSUN’s clinical knowledge to address families’ worries from the first indications, provide digital assistance, and smoothly switch to in-person care when necessary.

    Sunshine Division Set for Major Expansion

    Sunshine is a special division of LISSUN that deals with children’s mental health issues. In the next two to four years, the business also hopes to increase the number of Sunshine centres from the existing 20 to 200. LISSUN was established in 2021 by Gupta and Krishna Veer Singh with the goal of addressing current mental health concerns by providing professional advice, treatments, and all-inclusive solutions for mental and emotional wellness.

    The business established an internal clinical team and hired therapists as full-time staff members. It states that it has worked with over 350 B2B partners and over 75,000 clients. According to LISSUN, it has collaborated with businesses like Uber, Zerodha, and Unacademy to improve mental health in the workplace.

    Being Cares, a mental health mapping business, on the other hand, assists users in mapping their physiological issues and offers remedies such as journaling sessions powered by AI, Mindfulness-Based Cognitive Therapy (MBCT), and fast analysis services.

    Growing Tech Nexus in India’s Mental Health Sector

    People have begun to prioritise their mental health in addition to their physical health as they navigate a fast-paced society. Once restricted to prescription drugs and physical therapy sessions, the market is increasingly expanding into tech-based alternatives. In India, a number of up-and-coming firms are offering tech-based solutions for mental health.

    For example, Siddhant Bhargava, Shalmali Kadu, and Mitansh Khurana launched the firm InnerGize, which makes the claim that it uses technology to treat mental health conditions. The company uses a state-of-the-art technique called Neuroacoustic Vagal Modulation, which stimulates the vagus nerve—the body’s natural relaxation switch—gently.

    It promises to provide a wearable gadget that helps lower stress, anxiety, and other health problems by sending soothing signals to the brain’s relaxation regions. The business just raised INR 4.5 Cr in investment. In a similar vein, the wearable device Arc, developed by Bengaluru-based startup Mave Health, provides non-invasive brain stimulation (NIBS) as a treatment for depression.

  • Tilaknagar Industries Acquires Imperial Blue Whisky from Pernod Ricard for INR 4,150 Crore in Landmark Deal

    According to a formal announcement, Tilaknagar Industries, the company behind Mansion House, the best-selling brandy brand in India and the second-best-selling brand worldwide, has finalised the agreement to purchase the Imperial Blue whisky business division from the Indian branch of the French liquor giant Pernod Ricard for INR 4,150 crore.

    Moneycontrol was the first to disclose on 7 July that a listed spirits company located in Mumbai had beaten out other bidders and started exclusive talks with Pernod Ricard to acquire Imperial Blue whisky. According to the article, a final agreement between the parties might be reached later this month provided the negotiations continue according to plan. Moneycontrol has reported that Tilaknagar Industries intends to use a mix of loan and equity to finance the planned deal.

    Imperial Blue: A Top Contender in India’s IMFL Sector

    Tilaknagar gave an explanation of its acquisition strategy, stating that it aims to establish a nationwide Indian-made foreign liquor (IMFL) industry. The establishment of a pan-India IMFL business is one of the company’s main goals in relation to the acquisition of the Imperial Blue business venture, according to its official statement.

    The purchase represents the company’s entry into the Indian whisky market. With the acquisition, Imperial Blue, which is now the third-largest brand in the Indian-made foreign liquor (IMFL) market, will rise to prominence in the brandy and whisky markets, which are the two biggest IMFL markets, according to the business.

    Imperial Blue will be the foundation of Tilaknagar Industries’ premium portfolio approach, the business announced. Additionally, this acquisition would improve the company’s distribution network.

    What this Acquisition Means for the Indian Liquor Industry?

    Having established supremacy in the brandy market, it is now time to diversify the company’s product line and serve India’s varied and changing customer base, according to Amit Dahanukar, chairman and managing director of Tilaknagar Industries Ltd.

    He further added that the company can now join the whisky market with one of the most reputable and well-liked brands in the nation thanks to this smart acquisition, even though the brand is still expanding organically. According to Pernod Ricard, the deal will allow it to promote sustainable growth and fully capitalise on premiumization trends.

    The deal, as per Pernod Ricard, enhances the company’s portfolio in India, allowing it to capitalise on premiumization trends and foster steady, sustainable growth. India is a strategic priority for Pernod Ricard as its second-largest market, and this reorganisation enhances the capacity to leverage the nation’s solid macroeconomic foundation and long-term prospects.

    It is anticipated that the purchase will instantly and significantly increase Pernod Ricard India’s operating profit and net sales growth rate after it closes.

  • Adani Group in Pole Position to Acquire Jaiprakash Associates

    According to media sources, the Adani group has emerged as the front-runner to purchase Jaiprakash Associates Ltd (JAL), which is presently going through insolvency processes, with a bid of up to INR 12,500 crore.

    With no limitations attached, the company has offered an upfront payment of about INR 8,000 crore.

    However, if a legal issue pertaining to its JP’s sports city project is settled, Dalmia Group is anticipated to present a serious challenge to Adani Group and maybe outbid Adani’s offer. The Supreme Court of India is still considering the matter.

    CoC to Start Proceedings for Negotiation

    According to sources, the Committee of Creditors (CoC), under the direction of National Asset Reconstruction Company Ltd (NARCL), is ready to begin talks with resolution applicants for Jaiprakash Associates Limited (JAL) next week.

    This comes after NARCL purchased a sizable amount of JAL’s loans from a group that was initially led by the State Bank of India. Companies like the Adani Group, Dalmia Bharat Group, PNC Infrastructure, Vedanta, and Jindal Steel & Power are among those that have presented resolution plans.

    The cement and real estate holdings of JAL are of special importance to the Adani Group, which is well-known for its growth in the energy, infrastructure, and cement industries. This is in line with Adani’s plan to increase its presence in rapidly expanding sectors, especially in the cement sector.

    JAL Navigating Through Troubled Waters

    For JAL, which has been battling significant debt and operational challenges, the insolvency procedures mark an essential phase.

    It is anticipated that resolving the company’s insolvency will enable the restructuring and operational rebirth of the business while also offering much-needed relief to its creditors, particularly banks and financial institutions.

    The Allahabad High Court also decided in favour of the Yamuna Motorway Industrial Development Authority’s March 2025 decision to revoke a 1,000-hectare land allocation for JAL’s Sports City project near New Delhi.

     In the midst of its insolvency issues, this ruling deals the corporation yet another setback.

    JAL’s Sports City project

    In March of this year, the Allahabad High Court ruled that the Yamuna Expressway Industrial Development Authority (YEIDA) could annul the 1,000-hectare allocation to Jaiprakash Associates Ltd., allowing the agency to sign new leasing agreements with third-party developers for 11 Sports City projects.

    According to officials, 6,800 buyers from Sector 25 were participating in these 11 initiatives. They claimed that the HC’s ruling, which revoked any mention of JAL in earlier agreements, had made the execution of the new deeds obligatory.

    The developers, homeowners, and YEIDA will sign a new tripartite agreement in addition to these lease papers.

    On March 10, a division bench consisting of Justices Manoj Kumar Gupta and Kshitij Shailendra revoked the land allocation and upheld the interests of third-party developers (sub-lessees), but they also established a rigorous implementation schedule.

  • JSW Paints Strikes INR 8,986 Cr Deal to Acquire AkzoNobel India

    In an exchange filing on June 27, JSW Paints Limited stated that it has finalised agreements to buy up to 74.76% of Akzo Nobel India Limited (ANIL) from Akzo Nobel N.V. and its affiliates. The deal was cracket for a maximum consideration under the Share Purchase Agreement of up to INR 8,986 crores, subject to certain closing adjustments.

    The Competition Commission of India must approve the proposed transaction, and ANIL’s public shareholders must complete a mandatory tender offer, or “open offer”.

    The news that JSW Paints would soon sign final or definite agreements to purchase the Indian division of the Dulux paint manufacturer was first reported by a renowned media outlet on June 26.

    JSW Paints Outpaced Others to Crack the Deal

    According to reports from a number of media outlets earlier on May 15, JSW Paints had taken the lead in a fiercely contested deal that also attracted interest from a group including Advent International, Indigo Paints, and Pidilite Industries, a manufacturer of Fevicol.

    Following May 15, the Indian business house and the MNC entered into an exclusive agreement.

    The US $23 billion JSW Group, India’s largest conglomerate with diversified holdings across a range of B2B and B2C industries, including steel, cement, energy infrastructure, automobiles, and paints, includes JSW Paints, the fastest-growing paint firm in India.

    One of the top manufacturers of industrial and decorative paints in India, ANIL is a division of AkzoNobel, a multinational leader in these products with its headquarters located in the Netherlands.

    Deal Expands Product Portfolio of JSW Paints

    JSW Paints is now one of the leading companies in the industry, which is predicted to develop rapidly in the years to come thanks to this game-changing purchase.

    Paints & Coatings is one of the industries in India with the quickest rate of growth, and JSW Paints is one of the fastest-growing paint firms, according to Parth Jindal, Managing Director.

    Some of the most well-known paint and coating brands in the world, including Dulux, International, and Sikkens, are produced by AkzoNobel India. “The firm is thrilled to have them join the JSW family at JSW Paints. JSW Paints hopes to create the paint business of the future in collaboration with the AkzoNobel India family, which includes its partners, customers, and workers,” Jindal added.

    With the help of Dulux’s magic and JSW Paints’ thoughtfulness, we hope to satisfy customers and create enduring value for all of our stakeholders.

    According to AkzoNobel CEO Greg Poux-Guillaume, this deal marks a critical turning point in the company’s strategic implementation.  

    He added further that AkzoNobel India is proud of the talent and brand that have contributed to its success, and it has continuously performed well. With JSW, AkzoNobel is certain that the company is in the capable hands of a long-term partner with extensive local knowledge and aspirations in the industry.

  • Hindalco Expands Global Footprint with $125M AluChem Acquisition

    As it enters the high-tech alumina market, Hindalco Industries Ltd plans to pay $125 million to acquire US-based speciality alumina manufacturer AluChem Companies Inc.

    According to Saurabh Khedekar, CEO of Hindalco’s alumina division, the acquisition will allow the company to expand its product line and get access to the US market, among other synergies.

    Aditya Holdings LLC, a step-down wholly owned subsidiary of Hindalco, will execute the transaction. Subject to the usual regulatory permissions, it should be finished by the next quarter.

    This would be the business’ third US metal firm acquisition. Novelis Inc., a world leader in the production of rolled aluminium products, was purchased by Hindalco in 2007. Aleris Corp., which manufactures a variety of aluminium products, notably those for the aerospace sector, was acquired by Novelis in 2020.

    Acquisition will Expand Hindalco’s Global Reach

    An intermediate raw material used to make aluminium is alumina, a white, crystalline compound of aluminium. Through the acquisition, AluChem’s three manufacturing plants in Arkansas and Ohio will increase their capacity by 60,000 tonnes annually.

    In order to increase its worldwide market share, Khedekar stated that Hindalco intends to increase production of ultra-low soda alumina products and collaborate with AluChem’s high-performance technological solutions.

    Precision ceramics, semiconductors, and electric cars all require AluChem’s specialised alumina. According to Ronald Zapletal, the founder of AluChem Companies Inc., this collaboration with Hindalco gives AluChem the resources and capacity to expand more quickly and establish a presence in North America.

    Satish Pai, MD of Hindalco Industries, stated that the acquisition “deepens our high value-added portfolio with differentiated products that drive profitability.”

    Hindalco’s capacity to cater to these rapidly changing markets will be greatly improved by AluChem’s advanced chemistry Pai continued, as alumina becomes more and more important in the critical and clean-tech industries.

    Hindalco’s Growth and Future of Global Specialty Alumina Market

    The Aditya Birla Group’s metal division presently produces 500,000 tonnes of speciality alumina annually in India with plans to increase that amount to 1 million tonnes by FY30.

    According to their June analysis, ICICI Securities kept a bullish view on Hindalco, pointing to aggressive plans for both domestic and overseas capacity development in the face of structural demand drivers for copper and aluminium. For the quarter that ended in March, Hindalco’s consolidated net profit increased by 66% to INR 5,283 crore from INR 3,174 crore during the same period last year.

    The desire for customised solutions in industries ranging from electronics and ceramics to aerospace and medical applications is expected to drive considerable growth in the worldwide speciality alumina market. By FY30, Hindalco hopes to have scaled up to 1 million tonnes of speciality alumina from its current 500 thousand tonnes of capacity.

    Depending on regulatory clearances and standard closing conditions, the deal is anticipated to be completed in the next quarter. With this acquisition, Hindalco takes a significant step ahead in creating better futures through innovation, sustainability, and high-tech manufacturing as it expands its downstream value-added strategy across aluminium, copper, and speciality alumina.

  • GMP Technical Solutions to Be Acquired by Shinryo Corp

    The Mumbai-based clean room partition maker GMP Technical Solutions is valued at INR 185 crores, and Japanese giant Shinryo Corporation has announced that it will purchase an 85% ownership in the company. Vascon Engineers Ltd., an engineering and realty company located in Pune, would sell its stake to Shinryo.

    The company’s management now holds and will retain the remaining 15% of GMP Technical Solutions, as stated in the press announcing the purchase.

    After acquiring a portion of GMP in 2010, Vascon stated that it will be able to better focus on its real estate business after selling off a “non-core” asset. A number of approvals, including those from regulators, are necessary for Shinryo to acquire a stake in GMP.

    According to the press release, GMP Technical Solutions is the number two maker of clean room equipment in India. They have supplied a variety of industries, including pharmaceuticals, biotechnology, lithium-ion batteries, and more. GMP also supplies new industries with clean room dividers, such as the semiconductor assembly and manufacturing sectors.

    As a result of GMP Technical Solutions’ dominance in the Indian market for clean room partitions, Shinryo will be able to expand its operations in the country. This is due to the increasing demand for clean room partitions in industries like electronics, semiconductor manufacturing, and battery production.

    About GMP

    With the establishment of its facility in Baddi, Himachal Pradesh, in 2005, GMP became the pioneering firm in India to begin the production of clean room walls. Given that it has expanded into a number of states, GMP has successfully finished 1300 projects over the course of the past 15 years, including 140 projects overseas in more than 47 countries. In addition, GMP has developed expertise in the HVAC Solutions business.

    About Shinryo

    As a result of the collaboration between Shinryo Corporation’s Group Companies—which handle the primary tasks related to HVAC, plumbing, drainage, electrical systems, lighting, and other systems like EPCC for district cooling, co-generation, and power plant systems—the company has been able to offer its customers comprehensive solutions for all of their HVAC, plumbing, electrical, and lighting needs.

    Shinryo Corporation has activated the Central Research Centre (Tsukuba City) and the entire group to focus on developing important parts of the business so that it can expand into new growth sectors. As part of these efforts, the company will be taking the following steps: improving inventory control and supply chain management; investing in growth areas; developing and expanding into new international markets; using 3D computer-aided drawing (CAD) software to increase productivity, etc.

    Steps Involved in the Process of Startup Acquisition
    Want to get acquired by big companies? Here’s a step-by-step guide to consider when looking to embark on the startup acquisition process.
    StartupTalkyVibhavari Madki