AFS Technologies, a provider of technology solutions to the food and beverage sector, has completed the acquisition of Motek Information Systems, a provider Warehouse Management Systems.
Done Deals
• AFS Technologies, a provider of technology solutions to the food and beverage sector, has completed the acquisition of Motek Information Systems, a provider Warehouse Management Systems
• Securitas has bought Serbian peer SCP International as part of a strategy to grow in Eastern Europe. The deal amount was undisclosed
• Reservoir Group has acquired Australia-based drilling tools maker Extreme Machining for an undisclosed sum
• US-based distributor of business products United Stationers, has completed the purchase of Emco Distribution for an undisclosed sum
In the pipeline
• Irish supermarket group Superquinn has reportedly received six expressions of interest from potential bidders, including UK supermarkets ASDA and J Sainsbury
• Tegal Corporation, a designer and manufacturer of plasma etch and deposition systems, has announced an agreement with Alcatel Micro Machining Systems and Alcatel-Lucent to acquire their Deep Reactive Ion Etch for $5 million (£2.8 million)
• Coca-Cola is to pay up to $2.5 billion (£1.4 billion) for Chinese juice maker Huiyuan which will strengthen its hold on a booming market, and will also be the largest acquisition by a foreign company in China
• Clinical Data has entered an agreement to purchase drug company Adenosine Theraputics for an initial $11 million (£6.2 million)
• Pernod Ricard, the world’s second-largest wine and spirits company, will take full control over the distribution of its Vin & Sprit brands, including Absolut Vodka, by ending its Maxxium distribution agreement
• Mitsubishi UFJ Financial Group will likely fold one of its small consumer finance units into affiliate Acom Co a newspaper said on Wednesday. The latest move by a Japanese bank to strengthen its position in the struggling consumer lending market
• InBev is planning to put its South Korean beer business up for sale, sources said on Tuesday Sept 2, in an effort to shed a non-core asset and raise what could be roughly US$2bn for its purchase of US brewer Anheuser-Busch
