Deals of the day-Mergers and acquisitions

Vinci Compass Investments

07/10/2025 14:35

Adds: Qualcomm, Knauf Group, Locus Updates:

October 7 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Tuesday:

** Qualcomm  said it has acquired Arduino, an Italian not-for-profit firm that makes hardware and software for developing prototypes of robots and other electronic gadgets.

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** German family-owned construction materials maker Knauf Group said that attempts to sell its business in Russia, ongoing since April last year, have failed.

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** IKEA has acquired U.S. logistics technology firm Locus, the two companies said, a deal the Swedish furniture retailer said would make its deliveries to shoppers smoother and faster as it invests to expand online sales.

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** RedBird Capital Partners-backed Bishop Street Underwriters has acquired London-based MGA Avid Insurance, the company said.

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** CapitaLand Ascendas REIT  said that it will acquire three industrial and logistics properties in Singapore for about S$565.8 million ($438 million) from Vita Partners, as part of a S$1.3 billion domestic investment drive for the year.

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** Investment firm Vinci Compass  said on Monday it has agreed to acquire Brazilian asset manager Verde, one of Latin America's most established hedge funds, in a stock and cash deal.

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** AI-powered customer survey software maker Qualtrics has agreed to buy healthcare market research company Press Ganey Forsta in a $6.75 billion deal, both companies said on Monday.

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** Fifth Third  on Monday agreed to buy regional lender Comerica  in an all-stock deal valued at $10.9 billion, striking the biggest U.S. bank deal of the year that would create the nation's ninth-largest lender.

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** Defense contractor Science Applications International Corp  said on Monday it had agreed to buy peer SilverEdge Government Solutions from private equity firm Godspeed Capital for $205 million in cash.

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 (Compiled by Sahil Pandey and Rajarshi Roy in Bengaluru)

 ((Sahil.Pandey@thomsonreuters.com))