Month: May 2014

Omnicom Group’s TBWA Acquires German agency Heimat The global advertising network has acquired a majority share in Heimat which becomes part of TBWA Group Germany PR Newswire BERLIN and NEW YORK, May 27, 2014 BERLIN and NEW YORK , May 27, 2014 /PRNewswire/ — TBWA Worldwide, an Omnicom Group (NYSE: OMC) advertising network, today announced its acquisition of Germany’s Agency of the Year and leading independent advertising agency Heimat. TBWA will take a majority share in Heimat, headed by founding partners Matthias von Bechtolsheim , Guido Heffels and Andreas Mengele . Heimat CEO and co-founder Matthias von Bechtolsheim will act as Chairman of the newly formed TBWA Operating Group Germany, which combines the leaders of TBWA’s German specialist agencies […]

Applied Industrial Technologies to Acquire Knox Oil Field Supply Acquisition expands reach, service offering to upstream oil and gas industry PR Newswire CLEVELAND, May 27, 2014 CLEVELAND , May 27, 2014 /PRNewswire/ — Applied Industrial Technologies (NYSE: AIT) today announced it has reached a definitive agreement to acquire Knox Oil Field Supply ( Knox ) of San Angelo, Texas , a leading supplier to the upstream oil and gas industry. The acquisition is expected to be completed around July 1, 2014 , upon expiration of the Hart-Scott-Rodino waiting period and satisfaction of certain other customary conditions. […]

Solera Holdings, Inc. to Acquire sachcontrol AG; Acquisition Will Broaden Solera’s Property Platform, Further Extending Reach into the Household in Germany and Austria PR Newswire WESTLAKE, Texas, May 27, 2014 WESTLAKE, Texas , May 27, 2014 /PRNewswire/ — Solera Holdings, Inc. […]

Graphic Packaging Holding Company Completes Acquisition of U.K.-Based Benson Group PR Newswire ATLANTA, May 27, 2014 ATLANTA , May 27, 2014 /PRNewswire/ — Highlights Acquisition enhances Graphic Packaging’s European platform by broadening its offerings in food and consumer products and extending the business into the store brand market Combination creates a $700+ million business in Europe Acquisition complements Graphic Packaging’s existing food and beverage business in Europe and provides an opportunity to further integrate our SUS paperboard Expected to generate $5-$7 million of synergies over the next 18 months Graphic Packaging Holding Company (NYSE: GPK), a leading provider of packaging solutions to food, beverage and other consumer products companies, today announced that that it has completed the previously announced acquisition of the business of Benson Group, a leading food and healthcare packaging company based in the United Kingdom . “We are pleased to welcome the Benson customers and employees into Graphic Packaging,” said David Scheible , Graphic Packaging’s Chairman, President and CEO. “The strong presence of Benson Group in the store brand market complements Graphic Packaging’s existing strengths in the consumer and beverage markets […]

The SI Organization Completes Acquisition of QinetiQ North America Services and Solutions Group New company offers full-spectrum of innovative, high-quality services and solutions to the federal marketplace PR Newswire CHANTILLY, Va., May 27, 2014 CHANTILLY, Va. , May 27, 2014 /PRNewswire/ — The SI Organization, Inc. (the SI) announced today that it has completed its transaction to acquire QinetiQ North America Services and Solutions Group (QNA/SSG) from QinetiQ U.S […]

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Boeing Acquiring AerData to Expand Airplane Maintenance and Leasing Records Management Capabilities Acquisition expands the Boeing portfolio of services to give airlines and leasing companies a competitive edge PR Newswire SEATTLE, May 27, 2014 SEATTLE , May 27, 2014 /PRNewswire/ — Boeing (NYSE: BA) today announced that it is acquiring AerData Group B.V., which provides integrated software solutions for lease management, engine fleet planning and records management. Based in the Netherlands , AerData also provides technical services for aircraft and engine operators, lessors, and maintenance, repair and overhaul companies. […]

Stoneridge Reaches Agreement to Sell Its Wiring Business to Motherson Sumi Systems Limited PR Newswire WARREN, Ohio, May 26, 2014 WARREN, Ohio , May 26, 2014 /PRNewswire/ — Sale Aligned with Strategy to Continue Focus on Higher Value-Added Technologies and Products Margin Improvement Expected Additional Resources Available to Fund Growth Initiatives Stoneridge, Inc. (NYSE: SRI) today announced that it has entered into an asset purchase agreement, dated May 26, 2014 , to sell its Wiring Business segment assets to Motherson Sumi Systems Ltd. (“Motherson”) for $65.7 million and the assumption of certain related liabilities of the Wiring Business. […]

Acquisition of a retail complex property in Saint-Jean-sur-Richelieu Canada NewsWire MONTRÉAL, May 26, 2014 MONTRÉAL, May 26, 2014 /CNW Telbec/ – BTB Real Estate Investment Trust (TSX: BTB.UN) (” BTB ” or the ” Trust “) is proud to announce that, after the conclusion of the due diligence process, it has purchased a commercial property in Saint-Jean-sur-Richelieu , province of Quebec . The purchase price for this property is $31.6 million , excluding transaction fees and brings to 69 the number of properties owned by BTB, for a total leasable area of 4.8 million square feet. Located on a major artery, this complex houses well known national retailers such as Pharmaprix (Shoppers), SuperC (Metro) and Dollorama, as well as a Quebec Government medical clinic […]

Geosam Capital Inc. increases its investment in Holloway Lodging Corporation Canada NewsWire TORONTO, May 26, 2014 TORONTO , May 26, 2014 /CNW/ – On May 23, 2014 , Geosam Capital Inc. (“Geosam”) acquired 842,075 common shares of Holloway Lodging Corporation (“Holloway”) at a price of $4.24 per common share, representing 4.7% of the outstanding common shares of Holloway […]