Deals of the day-Mergers and acquisitions

Cognizant Technology Solutions

29/04/2026 14:59

Adds: Chiesi Group, Ares Management, Amadeus Updates: Kone, DCC

April 29 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Wednesday:

** Italian pharma company Chiesi Group will buy U.S.-listed KalVista Pharmaceuticals < KALV.O > in an all-cash deal valued at about $1.9 billion, the two companies said in a joint statement.

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** Ares Management < ARES.N > said it has acquired a stake in the Rover natural gas pipeline from a unit of fellow investment firm Blackstone  for an undisclosed sum, as interest in U.S. energy infrastructure assets grows.

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** Finnish lift maker Kone < KNEBV.HE > agreed to buy German rival TK Elevator (TKE) in a cash and stock transaction valued at 29.4 billion euros ($34.4 billion), it said, a deal that would create ​the world's largest lift maker.

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** Spanish travel technology firm Amadeus < AMA.MC > announced a plan to acquire French biometrics company Idemia Public Security, which is owned by Advent International, for 1.2 billion euros ($1.40 billion) in an all-cash deal.

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** Ireland's DCC  said it has received a cash takeover proposal from a consortium comprising Energy Capital Partners and KKR .

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** Optio Group has entered the Irish market with the acquisition of Construction Guarantee Underwriters Limited (CGU), the specialty MGA said .

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** Cognizant Technology  has agreed to buy Astreya, an IT services and technology provider focused on AI infrastructure and data center services, in a deal valued at around $600 million, the company told Reuters.

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** Private equity firm CVC Capital  is weighing a 9 billion euro ($10.54 billion) deal for Italian payments group Nexi , the Financial Times reported on Tuesday, citing people familiar with the matter.

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**  Australia's oOh!media  said that it has received a takeover offer from Pacific Equity Partners valued at A$746.9 million ($536.42 million), putting the company's shares on track for their biggest single-day gain on record.

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** Industrial tools maker Ametek  is in exclusive talks to acquire the testing and measurement businesses of valve and pump maker Indicor, owned by private equity firm CD&R, the Wall Street Journal reported on Tuesday.

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** Protective Life Corporation has agreed to buy hybrid fronting carrier Obsidian Insurance Holdings and its affiliates from private equity firm Genstar Capital, in a deal that expands the acquirer into the specialty property casualty market.

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 (Compiled by Rajarshi Roy in Bengaluru)

 ((Rajarshi.Roy@thomsonreuters.com))