Deals of the day-Mergers and acquisitions

Zebra Technologies

05/08/2025 14:47

Adds: De Agostini group, Lufthansa, Blackstone, Duke Energy, Zebra Technologies

August 5 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Tuesday:

** Italy's De Agostini group has agreed to sell its alternative investment business to Green Arrow Capital, exiting the sector after 15 years as part of a broader rebalancing of its investment portfolio, the two companies said. nL1N3TX0IG

** Blackstone BX.N plans to acquire major Japanese engineering staffing firm TechnoPro Holdings 6028.T for about 500 billion yen ($3.39 billion), the Nikkei business daily reported.

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** Lufthansa LHAG.DE has abandoned its plan to bid for a stake in Spanish airline Air Europa, a spokesperson for the German group said on Tuesday, only a week after Air France-KLM AIRF.PA announced it was also dropping out of the process. nL8N3TX10L

** Duke Energy DUK.N said it will sell a 19.7% indirect stake in its Florida business to Brookfield Asset Management for $6 billion in cash, part of a broader push to boost infrastructure investments as electricity demand soars. nL4N3TX0XX

** Barcode scanner maker Zebra Technologies ZBRA.O is expanding its retail-focused business with a $1.3 billion buyout of touchscreen maker Elo Touch Solutions, after upbeat second-quarter results fueled by growing sales of its devices.

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** British scientific instruments maker Spectris SXS.L has agreed to a sweetened offer from U.S. private equity firm KKR KKR.N valuing it at 4.8 billion pounds ($6.4 billion), it said, withdrawing its backing for a lower offer from rival suitor Advent. nL4N3TX0FL

** Saudi Arabian oil drilling group ADES International Holding 2382.SE has agreed to buy Oslo-listed rival Shelf Drilling SHLF.OL for 3.9 billion Norwegian crowns ($379.33 million) in cash, the two companies said. nL8N3TX088

** Singapore's CapitaLand Integrated Commercial Trust CMLT.SI said that it will buy the remaining 55% stake in Glory Office Trust from CapitaLand Development and Mitsubishi Estate for an agreed property value of S$1.05 billion ($816.55 million). nL4N3TX00N

** HNI HNI.N agreed to buy office furniture maker Steelcase SCS.N in a cash-and-stock deal worth about $2.2 billion, it said on Monday, as it looks to capitalize on more companies asking employees to return to office. nL4N3TW0S9

** Japanese conglomerate Hitachi 6501.T is considering selling its domestic home appliance business in a deal worth around 100 billion yen ($679.49 million) or more, the Nikkei newspaper reported. nL4N3TW1FR

 (Compiled by Rajarshi Roy and Anshi Sancheti in Bengaluru)

 ((Anshi.Sancheti@thomsonreuters.com))