Deals of the day-Mergers and acquisitions

Hubbell

12/08/2025 14:39

Adds Ecolab, Cardinal Health, Is Bankasi, Hubbell

August 12 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Tuesday:

** Ecolab  said it would buy Ovivo's electronics unit for about $1.8 billion in cash to expand its ultra-pure water technology for semiconductor manufacturing, as demand for advanced microchips and AI grows.

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** Cardinal Health  said it will buy healthcare management firm Solaris Health for $1.9 billion in cash, as the drug distributor looks to expand its specialty business.

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** Turkey's Acibadem group agreed with Is Bankasi to buy 80% stake in Bayindir Hospitals for over $55 million, Acibadem Chairman Mehmet Ali Aydinlar said .

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** Hubbell  said it will acquire smaller peer DMC Power for $825 million in cash, as the electrical equipment maker bolsters its critical components portfolio to meet an expected boom in power demand.

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** Canada's Gildan Activewear  is nearing a deal to acquire HanesBrands , which could value the U.S. innerwear-maker at about $5 billion including debt, the Financial Times reported , citing people familiar with the matter.

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** The owners of aland Health Holding, a China-based global nutritional supplement maker, are seeking to sell their combined controlling stake, targeting a valuation of more than $1.5 billion, two sources with knowledge of the matter said.

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** Law firm Taft, Stettinius & Hollister said Monday that it plans to combine with Atlanta-based Morris, Manning & Martin, marking what Taft said was its ninth merger in less than two decades and continuing a string of U.S. legal industry tie-ups this year.

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**  U.S. financial software provider MeridianLink  said on Monday it would be acquired by investment firm Centerbridge Partners in a $2 billion deal, taking it private roughly four years after its New York debut.

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** Spark New Zealand  said it will sell a 75% stake in its data centre business to Australian fund manager Pacific Equity Partners, valuing the business at up to NZ$705 million ($418.63 million).

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 (Compiled by Rajarshi Roy and Sumit Saha in Bengaluru)

 ((Rajarshi.Roy@thomsonreuters.com))