Palantiri Systems has been acquired by ThingWorx with its AlwaysOn Device Collaboration Technology to be combined with the ThingWorx Platform to provide advantages to for the connected world.
Round-up of today’s M&A deals
Palantiri Systems has been acquired by ThingWorx with its AlwaysOn Device Collaboration Technology to be combined with the ThingWorx Platform to provide advantages to for the connected world.
ThingWorx is a platform designed to accelerate the development of applications connecting people, systems and physical world. By acquiring Palantiri Systems, provider of the AlwaysOn software platform, it will serve to accelerate growth in the ‘connected device’ market.
ThingWorx is to remain in its US headquarters with Palantiri Systems’ offices in New York State being re-branded ThingWorx. This will serve as a second location for the growing company, with the potential for continued expansion in both regions. The Palantiri Systems’ team will be joining the ThingWorx team.
‘We are extremely excited to become part of the ThingWorx family,’ says John Canosa, CEO of Palantiri Systems. ‘Very rarely do you find two companies with a shared vision, and with completely complementary products and technologies.
‘The ThingWorx team has solved an intractable problem: the simple, flexible modeling of devices of any kind without complex software development. When we combine the ThingWorx vision with our AlwaysOn platform, it truly is going to revolutionize the way companies create value with their connected device initiatives.’
Round-up of today’s M&A deals
- Print and document firm Arena Group has bought Fovia and Copytrend, based in Grantham, as part of its strategy to double in size over five years
Value: undisclosed
Advisers: Richard Feltham, Garbutt & Elliott, Caroline Soulsby, Lee & Priestley
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- The acquisition of LaBarge by aerospace and defense engineering services provider Ducommun, a supplier of electronics manufacturing services, has completed
Value: £212.26 million ($340 million)
Advisers: undisclosed
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- Nuvilex has signed a definitive agreement to acquire SG Austria
Value: undisclosed
Advisers: undisclosed
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- KaZaK Composites, a privately held provider of advanced composite engineering services and manufacturing for the military defense industry, has completed a sale to Plasan Sasa
Value: undisclosed
Advisers: Salem Partners
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- M Line Holdings has agreed to acquire 19 per cent of Mediatronics from Money Line Capital.
Value: £6.4 million
Advisers: Douglas Strategic
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- Encore Consumer Capital completes Sale of Aidells Sausage Company To Sara Lee Corporation
Value: £54.27 million
Advisers: Douglas Strategic
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