Last updated on December 7th, 2020 at 10:31 pm
B2B News: Mergers and Acquisitions Report for December 4, 2020
Google has acquired Actifio. Actifio is a developer of data backup and disaster recovery (DR). Virtual copies of data in their original format can be managed scenarios like development and testing. The purchase is a demonstration of Google Cloud’s plan to assist enterprises in protecting workloads both on-premises and in the cloud.
Media report: https://techcrunch.com/2020/12/02/google-acquires-actifio-to-step-into-the-area-of-data-management-and-business-continuity/
Actifio-Google press release: https://cloud.google.com/blog/products/storage-data-transfer/google-enters-agreement-to-acquire-actifio
FedEx will acquire the e-commerce platform ShopRunner by the end of 2020. The e-commerce platform will use FedEx’s logistics systems to operate as a subsidiary of FedEx Services. The organization was structured by FedEx to integrate the technology and services to generate solutions for global supply chains and e-commerce.
Media report: https://medium.com/shoprunnerblog/fedex-to-acquire-shoprunner-to-expand-e-commerce-capabilities-3b7da81699aa
ShopRunner press release: Â https://www.businesswire.com/news/home/20201202005750/en/FedEx-to-Acquire-ShopRunner-to-Expand-E-Commerce-Capabilities
Canadian security services firm Gardaworld wants to buy out the UK-based G4S. GardaWorld has upped its offer for the takeover of G4S by 24%. The initial offer, made at the end of September, offered G4S shareholders a price of 190 pence per share. That has now been increased to 235p per share raising the total value of the deal to 3.7 billion GBP, equivalent to $6.4 billion in Canadian funds.
Media report: https://www.theguardian.com/business/2020/dec/02/canadian-security-firm-gardaworld-raises-g4s-takeover-offer-to-37bn
GardaWorld investor relations release: https://www.garda.com/investor-relations/legal
