Deals of the day-Mergers and acquisitions

Alteogen

02/09/2026 14:35

Adds: Vertiv Holdings, Alteogen, KKR & Co Updates: Lottomatica
September 2 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Wednesday:
     
** Vertiv Holdings VRT.N said it would acquire microgrid and advanced power controls company Utility Innovation Group for about $1.45 billion in cash, with an additional payment of up to $1.15 billion if certain earnings targets are met.
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** South Korea's Alteogen 196170.KQ said it has signed a deal with Novartis NOVN.S worth up to $3.22 billion, giving the Swiss drugmaker access to its technology to make injectable versions of intravenous drugs.
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** Investment firm KKR & Co KKR.N has agreed to buy residential garage door repair and replacement company A1 Garage Door Service for around $2 billion, according to sources familiar with the matter.
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** Italy's Lottomatica LTMC.MI agreed to buy Spanish rival CIRSA CIRSA.MC in a €2.8 billion all-share deal to create the world's second-largest listed gaming and sports betting firm after FanDuel owner Flutter FLUT.N.
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** Specialty insurance platform Ignyte Insurance has acquired travel insurance marketplace InsureMyTrip, the company said on Tuesday.
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 (Compiled by Sahil Pandey and  Rajarshi Roy in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com))