Fishers-based Flexware Innovation acquired by Hitachi
Flexware Innovation, founded in 1996, is an engineering company that helps companies integrate ever-changing software with advanced manufacturing systems.
Mergers & Acquisitions
Articles
CVS to buy home health-care provider Signify for $8B
The acquisition would continue CVS’ effort to grow from its pharmacy-chain roots to other sectors of the health industry.
Taft law firm expands Midwest presence with Detroit merger
The firm’s combination with Jaffe Raitt Heuer & Weiss P.C. will take effect Dec. 31 and grow Taft’s presence to 12 cities and about 800 attorneys.
Ray’s Trash Service acquired by Waste Management
Ray’s, based in the Hendricks County town of Clayton, was founded in 1965 and offers waste-management and recycling services in 17 central Indiana counties, including Marion and all surrounding counties.
Franklin College selling station to Catholic Radio Indy
WFCI-FM 89.5 will carry Christian programming after the sale is approved. It will remain on the air during the transition, providing public broadcasting.
Musk cites whistleblower as new reason to exit $44B Twitter deal
Tesla CEO Elon Musk and Twitter lobbed more accusations at each other Tuesday in the latest round of legal filings over Musk’s efforts to rescind his offer to buy the social media platform.
Indianapolis-based Lawn Pride acquired by home-service franchisor
Lawn Pride Inc., which was founded 40 years ago by its CEO, will become the latest franchise brand for Waco, Texas-based Neighborly Inc.
As Amazon grows, so does its eye on consumers
From what you buy online, to how you remember tasks, to when you monitor your doorstep, Now it plans to spend billions of dollars on two gigantic acquisitions that, if approved, will broaden its ever growing presence in the lives of consumers.
FCC approves Urban One’s purchase of Emmis radio stations
Urban One seeks to expand its audience and advertising customers beyond the company’s stated mission to serve Black and urban listeners.
Nexstar Media Group to buy CW Network from Warner Bros., Paramount
The purchase underscores Nexstar’s commitment to traditional broadcasting at a time when TV is losing viewers to online services and other entertainment options. Nexstar, the nation’s largest local TV station owner, has two properties in Indianapolis.
WIBC-FM reporter Berman, 7 other Emmis employees lose jobs prior to sale of radio stations
Emmis Corp. on Wednesday said it dismissed eight employees in advance of a sale of the company’s Indianapolis radio stations to Urban One.
Pfizer buying spree continues with $5.4B hematology deal
The pharmaceutical giant continues to invest some of the cash influx reaped during the COVID-19 pandemic. The drugmaker has announced deals valued at a total of nearly $19 billion, counting debt, since late last year.
Cummins completes $3.7B Meritor acquisition
Cummins said it plans to accelerate the growth of Meritor’s core axle and brake businesses around the world.
Stephen King testifies for government in publishing merger trial
Stephen King didn’t break any legal ground on the stand Tuesday as he testified against his own publisher’s efforts to merge with Penguin Random House. But he did know how to please a crowd and even get the judge to thank him for his time.
U.S. begins court battle against publishing giants’ merger
The government and Penguin Random House are set to exchange opening salvos in a antitrust trial Monday as the U.S. seeks to block the biggest U.S. book publisher from absorbing rival Simon & Schuster. The government’s star witness will be author Stephen King.
With Frontier deal dead, Spirit ponders sale to JetBlue
Spirit Airlines and Frontier Airlines agreed Wednesday to abandon their merger proposal, opening the way for JetBlue Airways to acquire Spirit after a months-long bidding war for the budget carrier.
Renewable energy farm builder IEA to be acquired for $1.1 billion
Infrastructure and Energy Alternatives Inc., which ranks as the 10th largest public company in the Indianapolis area, has agreed to be acquired by MasTec Inc., a Florida-based construction and engineering firm.
Carmel-based enVista to sell portion of its business to German tech company
EnVista, which has 850 global employees and expects $185 million in revenue this year, is selling the commerce and transportation parts of its business to Germany-based Körber. Once the deal closes, 400 enVista employees, including its cofounder, will join Körber.
Amazon to buy primary care provider One Medical for $3.9B
One Medical is a membership-based service that offers virtual care as well as in-person visits. It also works with more than 8,000 companies to provide its health benefits to employees.
Deal-making down as inflation, rate hikes spur caution
Companies hit the brakes on deal-making during the first half of 2022 as concerns over pervasive inflation, interest rate hikes and the threat of a recession loomed over Wall Street.