JOHANNESBURG: NTT DATA, a global leader in digital business and technology services, today announced its acquisition of EXAH, a leading Salesforce Consulting Partner and AI implementation specialist. This strategic move is set to deliver an end-to-end Salesforce and AI delivery experience to customers across the Middle East and Africa (MEA) region, enhancing NTT DATA’s local expertise with EXAH’s deep technical skills and proven record of customer-focused Salesforce delivery.

Salesforce plays a key role in NTT DATA’s growth strategy, providing a unified view of customer data that enables personalized experiences and efficient service delivery. AI-powered insights further enhance operations by automating workflows, predicting customer behavior, and supporting smarter decision-making. The acquisition of EXAH strengthens NTT DATA’s commitment to expanding its cloud-based customer engagement capabilities within the Salesforce ecosystem across the MEA region.

With over 20 years of partnership and more than 3,500 Salesforce projects worldwide, NTT DATA’s expertise is recognized through four consecutive Salesforce Partner Innovation Awards. This acquisition marks a strategic step toward delivering locally relevant solutions and reinforcing market leadership.

Alan Turnley-Jones, CEO of NTT DATA in the Middle East and Africa, said, “EXAH’s team of experts and their strong reputation within the Salesforce partner ecosystem make them an ideal addition to NTT DATA. This acquisition allows us to provide greater value to our clients by combining EXAH’s expertise with NTT DATA’s global capabilities and strategic partnerships. Together, we are committed to meeting our clients’ needs with innovative solutions that enhance customer engagement and drive business growth.”

“Delivering exceptional customer value through innovation is our founding principle, and we’re proud to join NTT DATA’s global team to drive ever-growing value for our clients and partners across the African market and beyond,” said Tiaan le Roux, Managing Director of EXAH.

Turnley-Jones continued, “Integration is everything in today’s technology landscape. In 2023, our acquisition of Apisero, a global MuleSoft consulting firm, aimed to strengthen our ability to connect clients’ technology across voice, digital, and CRM channels, including Amazon Connect. With EXAH, we deepen our Salesforce expertise across all stages – from integration to post-implementation support – ensuring local expertise is always on hand for our clients.”

Adding EXAH to the NTT DATA family also creates new opportunities for career growth and skill diversification within NTT DATA, especially in Salesforce and related technologies. This acquisition aligns with NTT DATA’s strategic focus on customer engagement, identifying market needs, and fostering local skills development. As part of this commitment, NTT DATA has recently launched a young talent program to build grassroots Salesforce skills and mentor the next generation of experts.

With EXAH, NTT DATA is poised to deliver even more robust solutions to its clients across the MEA region, combining global expertise with in-country knowledge for unparalleled customer service and engagement.

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The final equity value is subject to Net Working Capital adjustments as of June 30, 2025.

We are acquiring an entity that has a formidable name in the automotive products space, supplying to all major OEMs across traditional and New Mobility technology. This acquisition will enable us to complement our component offerings with product solutions to OEMs in India & Globally.

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IAC India is a well-established Tier-1 plastic interior systems and components supplier to key automotive OEMs in India, including Mahindra, Maruti Suzuki, Volkswagen, Volvo Eicher Commercial Vehicles, among others. IAC India is a leader in the vehicle interior space and the sole supplier of integrated cockpits and door panels for the recently launched BEV model from Mahindra – BE6 & XEV 9e. It also has a strong and well-established engineering centre providing advanced design and engineering services to customers in India and overseas, which provides it a competitive advantage.

Deepak Jain, Chairman, Lumax Group, said, “The consolidation will strengthen our strategic vision and enable future growth, building on the strong foundation to drive continuity, performance, and scalability. This development marks a significant milestone in our journey towards long-term value creation and providing comprehensive solutions across lighting, plastics, and interiors. It also reinforces its strategic position within IAC India and expands our footprint on major Electric Vehicle platforms of leading OEMs such as Mahindra & Mahindra, emphasising our commitment to the future of sustainable mobility.”

Anmol Jain, Managing Director of Lumax Auto Technologies, added, “This strategic move will further strengthen Lumax Auto Technologies’ foothold in four-wheeler automotive plastics. This further integration will allow for better cost optimisation and rationalisation of resources, potentially creating financial flexibility at the parent level to pursue future strategic, inorganic opportunities that align with our long-term vision.  In addition, it will accelerate innovation and enhance our value proposition per vehicle that is seeing a shift towards improved interiors in passenger vehicles.”

IAC India has five manufacturing plants across the country, including two in Chakan, Pune, and one each in Manesar, Nashik, and Bangalore. It also has an in-house state-of-the-art Engineering centre in Pune with key capabilities in Product Designing and Engineering, Dimensional Engineering, Product Development, Program Management, and Tooling development. The Engineering centre has a team of 330 engineers and designers with Global experience,e catering to all tool development requirements from customers as well as from its global sister concerns.

The closure of the transaction is subject to completion of customary conditions precedent and is expected by 31 May 2025. Lumax had earlier acquired a 75% stake in IAC India in March 2023. Post the closure of the above acquisition, IAC India will become a Wholly Owned Subsidiary of LATL. By legal and regulatory requirements, LATL will explore the possibility of merging IAC India with Lumax to unlock further synergies between the two companies.

KPMG Corporate Finance acted as the exclusive financial advisor for the transaction. Cyril Amarchand Mangaldas acted as legal advisors to LATL.

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CHENNAI: Brigade Enterprises Limited, the flagship company of Brigade Group and a leading real estate developer headquartered in Bengaluru, has further cemented its presence in Chennai with the acquisition of a prime 5.41-acre land parcel in Velachery, Chennai – one of the city’s most sought-after micro-markets. The deal was facilitated by Knight Frank India, the exclusive transaction advisor. The project will have a gross development value (GDV) of approximately INR1,600 Crore, with a development potential of 0.8 million square feet. The transaction value of the acquisition is INR 441.70 Crores.

This land acquisition marks another milestone in Brigade’s aggressive expansion strategy for Chennai, which is now the group’s second-largest market after Bengaluru. Strategically positioned, the project will offer seamless connectivity to both the IT Corridor of OMR and the Central Business District (CBD), making it an ideal choice for those seeking convenience and accessibility. Brigade Group’s commitment to quality and innovation will be reflected in the signature residences that seamlessly blend aesthetics, functionality, and sustainability. Residents will also enjoy a host of premium amenities.

Key developments in the city by Brigade Group include:

• Brigade World Trade Centre and Tech Boulevard
• Brigade Altius- recently launched in Sholinganallur, about 6.5 acres
• Brigade Xanadu – recently completed township in Mogappai,r about 33 acres
• Brigade Icon on Mount Road, a mixed-use development acquired from TVS in early 2022

These projects reflect Brigade’s multi-sector strategy, spanning residential, commercial, retail, and hospitality segments.

Pavitra Shankar, Managing Director, Brigade Enterprises Ltd., said, “Chennai has grown into our second largest market after consistent and strategic investment in business development. This acquisition reinforces our commitment to expanding our footprint in the city with a focus on marquee land parcels in excellent locations. We aim to address the strong demand for thoughtfully designed, high-quality residential spaces that resonate with the aspirations of modern consumers. Velachery’s prime location and connectivity make it an ideal choice for creating a vibrant community, aligning with our vision of delivering exceptional living experiences.”

Dineshkumar R. Mishra, Sr. Vice President, Corporate Finance, Audit and Legal, Raptakos Brent & Co., “We are pleased that The Brigade Enterprises Ltd. has acquired this trophy land in the heart of Chennai, as this will unlock great value. The Brigade Group is well known for their landmark edifices across major cities in India, and we expect that this purchase will make a great addition to their portfolio. Also, want to acknowledge the role that Knight Frank India Pvt. Ltd has played as our partners in this venture.”

Reshmi Panicker, Executive Director, Land and Residential Services, Knight Frank India, commented, “Chennai has emerged as a strategic hotspot for leading South India-focused developers. This transaction highlights the increasing appetite for premium locations backed by strong infrastructure and long-term residential demand. The city is firmly on the radar for serious institutional capital and branded players, making a strong case for sustained residential investment.”  

Gaurav Lal, Executive Director, Knight Frank India further added, “The trust a brand like Brigade commands, combined with marquee locations such as this acquisition near a prominent mall and ongoing developments like Brigade Icon on Mount Road, reflects the growing confidence in Chennai’s residential potential. At Knight Frank India, we are delighted to have facilitated a transaction that aligns so closely with the city’s upward trajectory and the group’s vision.”

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Gokhale Constructions has completed the process of purchase of Seth Hirachand Nemchand Smarak Trust’s Seth Hirachand Nemchand Digambar Jain Boarding and plans to undertake the development of 16 Lakh Square Feet ultra premium residential space and some high-end retail at this top-notch location with a revenue potential of Rs. 2500/- Cr. Here, the price of a condominium would start from Rs 7 Cr onwards.

Creation of a hostel spread across 51000 sq ft with all modern facilities and making the existing Jain Temple bigger and better is also an integral part of this proposed development.

Founded by Vishal Gokhale, the first-generation entrepreneur, Gokhale Constructions is currently in the process of developing 2 million sq ft of residential space and about 3 million sq ft of commercial space at some of the most prime locations in Pune. The company has successfully completed over 200 residential projects in Pune and has given homes to more than 5000 families at central locations.

The company is also eying the foray in Mumbai’s real estate market and is in the advanced stages of negotiations for closing the deals of properties at some extremely prime locations in Mumbai.

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PITTSBURGH: Novopor Advanced Science Private Limited, a performance chemicals and material science CDMO, today announced its acquisition of Pressure Chemical Company (“Pressure Chemical” or “PCC”), an affiliate of the Minafin Group and a leading provider of high-pressure and specialty chemistry services. The financial terms of the transaction were not disclosed.

The acquisition is a significant step in Novopor’s strategy to build an integrated specialty chemicals platform by combining early-stage development capabilities with large-scale manufacturing. The partnership will support continued investment in expanding Novopor’s facility footprint, enhancing technical capabilities, and providing customers with seamless access to fine and specialty chemical manufacturing at scale.

Founded in 1964 and headquartered in Pittsburgh, Pennsylvania, Pressure Chemical brings more than six decades of experience in high-pressure chemistry, polymerization, and alkoxylation. The company offers process development, piloting, and low-volume, high-value manufacturing, with a strong track record of solving complex technical challenges. Its skilled team, flexible infrastructure, and long-standing customer relationships make it a trusted partner for specialized chemical solutions—and a natural complement to Novopor’s expanding platform.

“This acquisition strengthens our ability to support customers across the full development lifecycle—from early-stage innovation through to commercial manufacturing,” said Radhesh Welling, CEO of Novopor Advanced Science Private Limited. “Pressure Chemical brings deep technical expertise, a highly skilled team, and strong customer relationships that are highly complementary to our platform. Together, we will invest in expanding our facility footprint, enhance our capabilities in complex chemistries, and create seamless access to large-scale fine and specialty manufacturing. This is an important step forward in building a differentiated, high-impact platform for our global customers.”

“Pressure Chemical and Minafin have built a strong foundation, recognized for our collaborative and innovative solutions for customers with complex development needs,” said Sandra Cernick, President of Pressure Chemical. “This new partnership enables us to further invest in our people, facilities, and capabilities while expanding our ability to support customers’ development and scale-up through commercial manufacturing. We’re excited to join Novopor in creating a platform centered on technical excellence and customer focus.”

KPMG, PwC, and Wombat Capital Markets LLC served as financial advisors, and Honigman LLP, JSA and Clifford Chance LLP served as legal advisors to Novopor. Fairmount Partners, Mazars and Pierre Abitbol served as advisors to Pressure Chemical Company.

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DOHA: Qatar Airways Group has acquired a 25 percent stake in Southern Africa’s premier independent regional carrier, Airlink. The announcement is a continuation of the multi-award-winning airline’s ambition to further develop its operations across the African continent.

The investment in Airlink – which flies to more than 45 destinations in 15 African countries – will enhance a code-sharing partnership between the two airlines. The deal will bolster Qatar Airways’ Africa growth strategy and cement its role as a key driver to the continent’s economic success.

On the announcement, Qatar Airways Group Chief Executive Officer, Engr. Badr Mohammed Al-Meer, said: “Our investment in Airlink further demonstrates how integral we see Africa being to our business’ future. This partnership not only demonstrates our confidence in Airlink, as a company that is resilient, agile, financially robust, and governed on sound principles but also in Africa as a whole, showing huge potential that I am delighted we can help start realizing.”

Airlink Chief Executive, Rodger Foster, said: “Having Qatar Airways as an equity partner is a powerful endorsement of Airlink and echoes our faith in the markets we currently serve and plan to add to our network. This transaction will unlock growth by providing efficiencies of scale, increasing our capacity, and expanding our marketing reach. By bolstering Airlink and its business, this investment will strengthen all of the existing airline partnerships Airlink has nurtured over the years.”

The partnership between Qatar Airways and Airlink seeks to align both carriers’ loyalty programs – Qatar Airways Privilege Club and Airlink Skybucks.

Qatar Airways currently flies to 29 destinations in Africa, and there’s been strong growth in the market with new destinations added to the Qatar Airways network on the continent since December 2020.

Abidjan, Abuja, Accra, Harare, Kano, Luanda, Lusaka, and Port Harcourt are the African cities newly added to the extensive Qatar Airways network, while Cairo and Alexandria were resumed.

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AUSTIN, TX: WSO2, a leading global provider of digital transformation technologies, said today that its acquisition by EQT, first announced on May 3, 2024, has been completed. EQT will support WSO2’s next phase of accelerated growth and innovation by drawing on EQT’s deep experience in the software space, global network of industry experts, and dedicated digital value-creation team.

Since its inception in 2005, WSO2 has been at the forefront of building innovative software that allows organizations to seamlessly deliver digital experiences. Today, WSO2’s platform offers a complete set of market-leading solutions across integration, API management, identity & access management (IAM), and application development. Thousands of organizations, including hundreds of the world’s largest corporations, top universities, and governments, rely on WSO2’s cloud-native software as a service (SaaS) and open-source offerings to drive their digital initiatives — executing 60 trillion transactions and managing over 1 billion identities each year.

WSO2 now joins EQT’s extensive global portfolio of enterprise software companies, which includes firms such as Virtusa, Billtrust, IFS, SUSE, Storable, thinkproject, and Waystar.

New WSO2 Board Positions WSO2 for Accelerated Growth

With the acquisition, a new board of directors has been formed to spearhead the next stage of WSO2’s growth. Leading the board as chair is Jonas Persson, who formerly served as CEO of Microsoft Sweden and has been the chairperson for several portfolio companies like Suse, Acumatica, IFS, and Sitecore. He is joined by Hari Gopalakrishnan, a partner in the EQT Private Capital Asia advisory team and Global co-head of EQT’s services sector team, and Dr. Sanjiva Weerawarana, who founded WSO2 and will continue his role as CEO.

“WSO2 is a strong enterprise software company that has delivered a proven track record of innovation and scaled to address the digital transformation demands of enterprises worldwide,” said Jonas Personn, WSO2 board chair. “I am excited to partner with WSO2’s management team in building on this momentum to accelerate the company’s growth and global adoption.”

“We are excited to collaborate with Jonas, Hari, and the EQT team in accelerating our innovation agenda, expanding our global footprint, and empowering enterprises to thrive in the digital economy,” said Dr. Sanjiva Weerawarana, WSO2 founder and CEO. “With EQT’s support and the deep expertise of our new board members, we are well-positioned for this next stage of WSO2’s evolution.”

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MUMBAI: Godrej Agrovet Limited (GAVL), one of India’s largest diversified food and agri-business conglomerates, today announced that the company has signed a definitive agreement with Tyson India Holdings Limited, an affiliate of Tyson Foods, Inc. to buy its 49 percent stake in Godrej Tyson Foods Limited (GTFL), a subsidiary of GAVL. Following the completion of the transaction, GAVL will now hold a 100 percent stake in GTFL thereby further consolidating its business.

In 2008, GAVL entered into a joint venture with an affiliate of Tyson Foods, Inc. to manufacture and market processed poultry and vegetarian products. Selling products under its brands ‘Real Good Chicken’ and ‘Yummiez’, GTFL is also engaged in the sale of live poultry birds in the market.

“Our partnership with Tyson Foods has been very enriching. Enabling us to leverage their capabilities in vertically integrated poultry processing and product development, it enabled us to modernize the way high-quality poultry products are developed, produced, and distributed in our country,” said Balram Singh Yadav, Managing Director, Godrej Agrovet Limited.

He further added, “The household penetration of frozen snacks in India is below 6%, indicating ample room for expansion. Hence, as we continue to focus on branded business supported by a cost-efficient live bird production system, we endeavor to strengthen our portfolio and increase our presence across different channels.”

Godrej Tyson Foods operates in the B2C space through value-added products such as Real Good Chicken and Godrej Yummiez whereas in the B2B vertical, it supplies processed chicken to renowned brands across leading hotel chains and quick service restaurants. With a presence in more than 35 cities and increasing, the company has also started exporting products under the Godrej Yummiez brand to several countries.

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• High entry barrier portfolio with specialty R&D tech platforms across – Recombinants, Niche Biologics, Novel Delivery and Immunoglobulins
• Only innovator in the world to develop patented recombinant Anti-D
• Brands across Women’s Health Lifecycle in India; Comprehensive Fertility drug portfolio globally
• Ranked #1/#2 in 9 of the top 10 fast-growing brands with limited competition in India
• Acquisition in line with our stated objective to expand our presence in high entry barrier complex portfolios and high potential OTX brands; with accretive EBITDA margins

MUMBAI: Mankind Pharma Limited has entered into a definitive agreement to acquire a 100% stake in Bharat Serums and Vaccines Limited (BSV) from Advent International (“Advent”), one of the world’s largest and most experienced private equity investors, for an enterprise value of approx. INR 13,630 Crores, subject to closing-related adjustments. This strategic move marks a significant leap for Mankind Pharma, positioning it as a market leader in the Indian women’s health and fertility drug market alongside access to other high entry barrier products in critical care with established complex R&D tech platforms.

With over five decades of leadership in biopharmaceuticals, BSV has developed recombinant and niche biologic products in-house, demonstrating its strong R&D capabilities and boasts of a robust branded product portfolio across Women’s Health, Fertility, and Critical Care, with a few of its marque brands enjoying a strong leadership position in their respective therapy areas. BSV’s dedicated in-house R&D center along with a dedicated team of 60+ scientists, a strong product pipeline, coupled with a diverse domestic product portfolio offering huge scalability potential through niche filings across markets.

BSV has a niche portfolio offering in Women’s Health, encompassing the entire lifecycle – from fertility to post-pregnancy. BSV has one of the most comprehensive portfolios in the fertility segment to scale in both Indian and International markets amid increasing IVF penetration. The company remains committed to delivering high-quality, innovative healthcare solutions at affordable prices to meet the evolving needs of patients and healthcare providers worldwide.

Rajeev Juneja, Vice-chairman and Managing Director, Mankind Pharma Ltd. shared “BSV’s acquisition represents a pivotal milestone in Mankind’s journey, establishing us as market leader in Indian women’s health & fertility segment. We believe the women’s health & fertility segment has massive opportunity along with strong growth visibility globally, led by structural tailwinds. BSV’s established Specialty R&D Tech Platforms with complex portfolios across Women’s health, Fertility, critical care, and Immunoglobulin segments perfectly align with Mankind Pharma’s strategic vision to expand its footprint in a high entry barrier portfolio. We are also delighted to welcome BSV’s 2,500+ members to our Mankind family. Together, we look forward to achieving even greater milestones and making a positive impact on women’s health worldwide.”

Sheetal Arora, Chief Executive Officer and Whole-time Director, Mankind Pharma Ltd. shared “Mankind’s strategic acquisition of BSV with branded specialty pharma portfolio across India and Emerging Markets presents immense growth potential and will add to existing growth velocity of Mankind. Moreover, BSV’s business will be highly synergistic with our comprehensive product portfolio, expansive field force and doctor coverage. We are confident this would correspond to the expansion of EBITDA margins and thereby solidify our position as a company known for marketing innovative and specialized offerings.”

Shweta Jalan, Managing Partner and Head of Advent India commented, “Mankind’s investment in BSV is a testament to our approach of identifying and nurturing unique businesses, working with high-quality management teams, and building these businesses into respected industry leaders. With the building blocks in place, we are confident that Mankind Pharma and BSV’s management team will continue the accelerated journey to build one of India’s largest pharma companies.”

Pankaj Patwari, Managing Director, Advent India, said, “We are delighted that BSV has found the right home and is joining forces with Mankind Pharma. BSV’s deep-domain R&D capabilities and unique portfolio of products combined with Mankind’s strong pan-India coverage and growth orientation will provide significant synergies; bringing differential scale, reach, and capabilities. We are excited for BSV to support Mankind’s aspirations of ‘Building a Healthier Bharat’.”

Sanjiv Navangul, CEO & Managing Director, BSV, said, “We are proud to be one of the few Indian companies that have several first-of-its-kind indigenously developed complex treatments that have delivered better patient outcomes.  This acquisition reinforces our commitment to bringing cutting-edge products and expanding our access to millions of patients in India and across the globe.  With a proven and established leadership in women’s health and critical care, our robust R&D pipeline, and best-in-class manufacturing, and above all, a dedicated and high-performing one-BSV team will add immense value to Mankind Pharma as we grow together, synergize our strengths and explore opportunities towards bringing healthcare closer to every home in India and across the world.”

BSV reported revenues of INR 1,723 crore in FY24, delivering robust 20% y-o-y growth with adjusted EBITDA Margins of 28%. The business has grown at ~21% revenue CAGR over the last 3 years.

Moelis & Company acted as exclusive financial advisor and AZB & Partners acted as legal counsel to Mankind Pharma. Advent and BSV were advised by Jefferies LLC and J.P. Morgan as financial advisors and Khaitan & Co. as legal counsel.

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