Scottsdale-based Encora software product engineering company announced on Thursday it acquired Excellarate, a global technology services company headquartered in Wayne, Pennsylvania.
Nikola Corporation, a provider of zero-emissions transportation and energy infrastructure solutions, today announced the successful completion of its exchange offer to purchase all outstanding shares of common stock of Romeo Power, Inc.
SinglePoint, Inc., an acquisition-focused solar energy and sustainable solutions provider, announced today the acquisition of Frontline Power Solutions, a Multi-State Licensed Energy Services Company (ESCO). Frontline Power Solutions (FPS) is a comprehensive energy service Company with the ability to operate in deregulated markets across the country. Frontline Power is licensed in nine states and has applied for and is awaiting final approval in 12 additional states.
Alliance of Arizona Nonprofits Chief Executive Officer Kristen Merrifield will lead the combined organization, which will operate under the Alliance name for the immediate future. Arizona Grantmakers Forum President and CEO Laurie Liles will become Chief Public Policy Officer and Vice President of Arizona Grantmakers Forum as she shifts her focus to advocacy on behalf of the entire sector, while continuing to maintain relationships and provide support to the grantmaking members.
Nikola Corporation, and Romeo Power, Inc., announced they have entered into a definitive agreement in which Nikola, a global leader in zero-emissions transportation and energy infrastructure solutions, will acquire Romeo, an energy technology leader delivering advanced electrification solutions for complex commercial vehicle applications, in an all-stock transaction. The proposed exchange ratio implies a consideration of $0.74 per Romeo share and represents an approximately 34% premium to Romeo’s July 29, 2022 closing share price and values 100% of Romeo’s equity at approximately $144 million.
Looking to expand its United States footprint, Mumbai, India-based Mastek has acquired Chandler-based MST Solutions. MST, a Salesforce software consultant that works with clients in the health care, public sector, education nonprofit and manufacturing industries, has been a fast-growing company in the Valley since it was founded in 2012. The firm has been on the Inc. 5000 fastest-growing companies in the nation list in 2020 and 2021, showing a 104% growth rate over a three-year span.
MicroAge, The Digital Transformation Experts®, announced the acquisition of cStor, a leading provider of cybersecurity, modern infrastructure, and digital transformation solutions. The acquisition will expand MicroAge’s robust digital transformation service offerings to provide enhanced solutions and services for its clients, including a mature cybersecurity practice as well as extensive data center delivery and networking engineering expertise.
The past year has already been marked by major changes at Scottsdale’s Blue Yonder. Now the company appears headed for the stock market. Blue Yonder, which makes logistics software, was acquired by Osaka, Japan-based Panasonic last year in a blockbuster $7.1 billion purchase, and now Panasonic is looking to spin out Blue Yonder and its other supply chain management businesses into a public company.
Intel Corp. on Thursday said it has agreed to acquire Israeli startup Granulate Cloud Solutions Ltd. in a deal reported to be worth about $650 million. The companies didn’t disclose the price but Haaretz reported in Israel last week that it would be $650 million. TechCrunch also reported that figure on Thursday.
Carvana, the industry pioneer for buying and selling cars online, has signed a definitive agreement to acquire ADESA’s US physical auction business (“ADESA U.S.”), a wholly owned subsidiary of KAR Global (NYSE: KAR), subject to customary closing conditions, for $2.2 billion in cash. ADESA U.S. is the second largest provider of wholesale vehicle auction solutions in the United States with 56 sites and approximately 4,500 corporate and operations team members. In 2021, the ADESA U.S. business facilitated more than one million transactions through those sites, which total approximately 6.5 million square feet of buildings on more than 4,000 acres.