Travel company Yatra has acquired corporate travel business of PL Worldways Limited (PLW), a Chennai based corporate travel services provider. This acquisition will help strengthen Yatra’s foothold in the southern India region along with adding over 100 corporate clients to its existing client base of over 700.
Gurugram-based edtech platform Talentedge has acquired a significant stake in Hyderabad-based GreyCampus for an undisclosed amount. GreyCampus offers training for working professionals. Till date, the startup has raised $1 mn (Rs.7.05 cr) in an angel funding round from Sarath Sura, cofounder of Sierra Atlantic in 2016. The platform will be using this investment to develop their India network while its international presence will allow Talentedge to launch their operations in different countries.
Hardware exports are poised to reverse the declining trend of the past few years with a 7-8% growth this fiscal, a senior official of the Electronics and Computer Software Export Promotion Council (ESC) said. The growth is coming on the back of traction for products in new areas, “specially in the areas of power electronics, UPS systems, electronic energy meters. These are new upcoming items of export from India,” he said, adding that these would drive growth in the next two to three years. Hardware exports touched a peak of $7.2 billion a couple of years ago. Last year, they were around $6 billion, he said, attributing the decline to shutting down of large facilities such as those by Nokia for cellphone manufacturing in Chennai. On the prospects, Mr. Sareen said some larger players were likely to relocate their factories from China to India in the backdrop of the ongoing U.S.-China trade war.
Endurance Technologies announced that its subsidiary and the special purpose vehicle for strategic overseas investments, Endurance Overseas Srl., Italy (EOSrl) has acquired the entire equity stake in Fonpresmetal Gap SpA (Fonpresmetal), an aluminum die casting company in Italy. Upon acquisition, the name of Fonpresmetal has been changed to Endurance Castings SpA. Consequent to this acquisition, the Endurance Group in Europe now has nine manufacturing plants, of which six are in Italy and three in Germany.
Israel-based cybersecurity solutions provider Radware has acquired Indian bot mitigation and management startup ShieldSquare. Post-acquisition, Radware will offer ShildSquare’s bot mitigation and management product line under its new Radware Bot Manager product line. ShieldSquare will be fully integrated into Radware.
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