Leading industrial PC maker Advantech Co is set to acquire Aures Technologies SA, a French company known for its point-of-sale (POS) and kiosk equipment. The acquisition is part of Advantech's strategy to expand its global coverage in smart retail products and services. Advantech plans to acquire up to 100 percent equity of Aures by proposing to acquire 3.938 million Aures shares from the French firm's major shareholder and through a public tender offer at up to 6.7 euros per share. Additionally, Advantech plans to subscribe to newly issued convertible bonds from Aures, totaling 5 million euros, to support its working capital. The transaction is subject to internal approval processes by both parties and regulatory approval from relevant authorities. Aures, a well-known brand in the western market with a strong presence for its POS equipment in Europe, Australia, and the US, will maintain its independent operations while benefiting from Advantech's support in optimizing its management system and creating synergies through product roadmap integration, technical support, and cross-selling initiatives [0b226b56].
MOURI Tech, a global provider of enterprise IT solutions, has also announced the acquisition of Vertisystem Inc., an IT services company specializing in the gaming and hospitality industries. The acquisition aims to enhance MOURI Tech's service offerings and expand its presence in the gaming and hospitality industry verticals. The acquisition will also enable MOURI Tech to broaden its market reach in the USA and India. Anil Yerramreddy, CEO of MOURI Tech, expressed excitement about the acquisition and the opportunity to leverage combined strengths to drive innovation and deliver value to clients. Vertisystem CEO Rakesh Sadhwani sees the acquisition as a significant opportunity to offer a broader portfolio of IT services and solutions to clients, backed by MOURI Tech's workforce and global presence. The acquisition will ensure a seamless integration for clients and employees [14d4d4d9].