Following are the top 5 major Mergers & Acquisitions (M&A) announced from February 10 to February 16, 2025, across various industries. The data is curated from the Intellizence mergers & acquisitions Dataset.
Acquiring Company – Novartis
Acquired Company – Anthos Therapeutics
Deal Amount – $3.1 Billion
Novartis AG will acquire Anthos Therapeutics, a Boston-based clinical-stage biopharmaceutical company, for up to $3.1 billion. The deal includes an upfront payment of $925 million, with additional payments contingent on achieving specific regulatory and sales milestones. This acquisition aligns with Novartis’s strategic focus on expanding its cardiovascular portfolio, especially as its leading heart failure drug, Entresto, faces patent expiration.
Acquiring Company – Columbus McKinnon Corporation,
Acquired Company – Kito Crosby Limited
Deal Amount – $2.7 Billion
Columbus McKinnon Corporation, a leading designer, manufacturer, and marketer of intelligent motion solutions for material handling, will acquire Kito Crosby Limited from KKR for $2.7 billion. Kito Crosby is a global leader in lifting solutions, operating multiple manufacturing plants and employing nearly 4,000 people in more than 50 countries.
Acquiring Company – Hyatt Hotels Corporation
Acquired Company – Playa Hotels & Resorts
Deal Amount – $2.6 Billion
Hyatt Hotels Corporation will acquire Playa Hotels & Resorts for $2.6 billion. This strategic acquisition will enhance Hyatt’s presence in the all-inclusive resort market, particularly in Mexico, Jamaica, and the Dominican Republic. Hyatt, which currently holds a 9.4% stake in Playa, plans to finance the acquisition through new debt and sell Playa’s owned properties to third-party buyers. It aims to generate at least $2 billion from these asset sales by the end of 2027.
Acquiring Company – TE Connectivity
Acquired Company – Richards Manufacturing Co.
Deal Amount – $2.6 Billion
TE Connectivity, a world leader in connectors and sensors, will acquire Richards Manufacturing Co. from Oaktree Capital Management for $2.6 billion. Richards Manufacturing, headquartered in Irvington, New Jersey, is recognized as a premier manufacturer of overhead and underground electrical and gas distribution products. This acquisition aims to strengthen TE’s position in serving electrical utilities in North America by combining product portfolios and capitalizing on growth trends in underground electrical networks.
Acquiring Company – Nivinesis
Acquired Company – dsm-Firmenich
Deal Amount – €1.5 Billion
Novonesis has reached an agreement with dsm-firmenich to dissolve the Feed Enzyme Alliance and take over its sales and distribution activities in exchange for a total cash consideration of EUR 1.5 billion. This strategic move allows Novonesis to integrate the sales and distribution activities of the alliance fully, enhancing its position in the animal bio solutions market.
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