Deals of the day-Mergers and acquisitions

Xylem

11/08/2026 14:58

Adds: Xylem, Joby Aviation Updates:
August 11 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Tuesday:
     
** Joby Aviation <JOBY.N> said it would buy defense technology company Resonant Sciences for about $500 million, as it looks to scale its business in a growing defense market.
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** Xylem <XYL.N> said it would buy valve- and pump-maker Indicor's Cornell Pump and Roper Pump businesses for $1.46 billion, expanding its industrial and municipal pumping operations.
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** Two affiliates of South Korean conglomerate Lotte Group signed a deal to sell Lotte Rental <089860.KS>, South Korea's largest car-rental firm, to U.S. private equity firm TPG, Lotte said .
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** Commercial property insurer FM has acquired FortressFire, a provider of wildfire intelligence that combines machine learning and physics-based modeling, it announced on Monday.
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** South Korean battery maker Samsung SDI <006400.KS> said it will end its joint venture agreement with General Motors <GM.N> in Indiana and acquire the U.S. firm's 49.99% stake, citing weaker-than-expected electric vehicle demand.
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** Australian shipbuilder Austal <ASB.AX> said that Hanwha Group had offered to buy its U.S. operations for up to $1.20 billion as the South Korean conglomerate seeks to expand in the American defence market.
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** The Royal Bank of Canada <RY.TO> and BMO Financial Group on Monday agreed to sell jointly owned Moneris Solutions to technology investment firm Francisco Partners in a deal valued at C$2 billion ($1.44 billion).
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** BP <BP.L> has agreed to sell a 20% stake in a block that contains the Trinidad portion of the cross-border Cocuina-Manakin natural gas field to the country's state-owned National Gas Company, the company said on Monday in an emailed statement.
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 (Compiled by Rajarshi Roy and Shania S Thomas in Bengaluru)
 ((shanias.thomas@thomsonreuters.com))