NuCom acquires a majority stake in Aroundhome for €140 million

NuCom, the e-commerce arm of the media company ProSiebenSat.1, has acquired a majority stake in Aroundhome, a German online broker for household products and services. NuCom increased its stake from 42 percent to 94 percent in a deal worth €140 million; it purchased a 42 percent stake from General Atlantic and the rest from the […]

Iceland-founded Meniga acquires Swedish rewards platform startup Wrapp

Meniga, an Iceland-founded company that offers digital and marketing products for banks, has acquired Stockholm-based rewards platform Wrapp. The two companies have been offering a similar product, that is transaction-driven rewards, in Iceland (Meniga) and Sweden and Finland (Wrapp) but will now merge the offering under the Meniga brand. The amount Meniga has paid for Wrapp […]

US-based DXC acquires Russian-founded software development company Luxoft for $2 billion

US-based IT services company DXC Technology has reached a definitive agreement to acquire Luxoft, a custom software development company founded in Russia and currently headquartered in Switzerland, for $2 billion in an all-cash deal. “Luxoft and DXC are highly complementary, and our shared vision of digital transformation makes this strategic combination a great fit for both […]

German startup data Artisans sells to Alibaba for €90 million

Chinese e-commerce giant Alibaba Group has reportedly acquired Berlin-based data Artisans. According to Deutsche Startups, the price of the deal was set at €90 million. The German company did not comment on the exit. Founded in 2014 by the creators of the open-source stream processing framework Apache Flink, data Artisans uses it to deploy large-scale […]

UK-based Ve Global acquires Swedish e-commerce analytics startup Divvit

Ve Global, a British-founded marketing technology company, has acquired a Swedish e-commerce analytics platform Divvit in a deal that involves both cash and Ve’s stock. Ve has also “made a financial commitment” of some £500,000 to integrate Divvit’s solutions into its products, the company stated in a press release. After the acquisition is completed, Divvit’s […]

Delivery Hero sells its operations in Germany to Takeaway.com for €930 million

Berlin-based online food delivery company Delivery Hero is selling its German operations to the Dutch competitor Takeaway.com for €930 million. The deal includes Lieferheld, Pizza.de, and foodora, a food delivery business that Delivery Hero acquired from Rocket Internet in 2015. Takeaway.com will pay €508 million in cash and the rest in shares, which would result […]

Norwegian intelligent camera company Huddly acquires AI startup Epigram

Norwegian-founded vision technology company Huddly has acquired a local AI startup Epigram in order to further develop its “intelligent camera” tech. The deal will see Epigram’s “tools, IP and all [seven] AI engineers” move over to Huddly, the company stated in a press release. Founded in 2017, Epigram has developed a set of tools for […]