Deals of the day-Mergers and acquisitions

Abacus Storage King

14/07/2025 14:40

Adds: Zimmer Biomet,  Huntington Bancshares, Waters Corp  Updates: Partners Group

July 14 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1440 GMT on Monday:

** Zimmer Biomet  will acquire robotics firm Monogram Technologies  for about $177 million, adding Monogram’s semi and fully autonomous surgical products to its expanding robotics portfolio, the companies said.

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** U.S. regional lender Huntington Bancshares  will buy Texas-based smaller rival Veritex Holdings  in a $1.9 billion all-stock deal, as it looks to expand its presence in the state that is fast emerging as a major financial hub.

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** Lab equipment maker Waters Corp  will merge with rival Becton, Dickinson and Company's  Biosciences & Diagnostic Solutions unit in a $17.5 billion deal, the companies said, creating a larger entity focused on high-volume medical testing.

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** German energy firm Techem will remain in the hands of Partners Group  after its sale to U.S. financial investor TPG  fell through in May, Techem and Partners said, confirming an earlier report.

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** Australia's Abacus Storage King  received a sweetened takeover offer from a consortium comprising a South African billionaire, valuing the firm at A$2.17 billion ($1.42 billion) and sending its shares soaring over 7%.

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** India's VIP Industries  announced that Chairman Dilip Piramal and his family have entered an agreement with the Multiples Consortium to sell a stake of up to 32% in the company.

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 (Compiled by Rajarshi Roy and Ateev Bhandari in Bengaluru)

 ((Ateev.Bhandari@thomsonreuters.com))