Intellizence monitors the latest Merger & Acquisition (M&A) deals from multiple news sources, press releases, and regulatory filings. The following are the highlight of a few interesting deals of the day.
Torqx acquires Fabory from Grainger
Grainger, the leading broad line supplier of maintenance, repair, and operating (MRO) products serving businesses and institutions, has entered into a definitive agreement to sell Fabory Group (Fabory) to Torqx Capital Partners, a Dutch private equity company. No financial terms were disclosed.
ALTA EQUIPMENT GROUP acquires PEAKLOGIX, a material handling solutions provider and systems innovator
Alta Equipment Group Inc., a Livonia-based industrial and construction equipment company, will acquire PeakLogix, a material handling equipment supplier based in Midlothian, Virginia. The terms of the acquisition were not disclosed. The transaction is expected to close by the end of June, subject to customary conditions.
Cboe Global Markets acquires Trade Alert, adding real-time alerts and analytics to information solutions offering
Cboe Global Markets, one of the world’s largest exchange holding companies, has acquired the business of Trade Alert, a real-time alert and order flow analysis service provider based in New York. Terms of the deal were not disclosed.
National Instruments to Acquire OptimalPlus
National Instruments Corporation, the provider of a software-defined platform, entered into a definitive agreement to acquire OptimalPlus Ltd., a global leader in data analytics software for the semiconductor, automotive, and electronics industries. The transaction is valued at $365 million and expected to close in early Q3 2020.
Aduro Biotech and Chinook Therapeutics announce definitive merger agreement
Aduro Biotech and Chinook Therapeutics, a privately-held clinical-stage biotechnology company have entered into a definitive merger agreement. The combined company is expected to have approximately $200 million in cash, cash equivalents, and marketable securities at closing, including $25 million in additional financing committed by Chinook’s existing investors.