Cardiac Science of Bothell, Washington has agreed to be acquired for $2.30 per share by a medical equipment company based in Bangalore, India. The all-cash deal represents a 10 percent premium to Monday's closing price of Cardiac Science shares, the companies said Tuesday. Opto Circuits (India) Limited of Bangalore, which...
Spanish company buys into Indian outsourcer
My friends Vipul P Jain in Mumbai and Narendra Kale in Chicago run one of India's most interesting boutique outsourcers, Kale Consultants.. Rare among Indian IT companies Kale has designed software products for the banking, hospital and airline businesses over the years. I first met Narendra my friend Vipul hire...
India companies get bolder with outbound acquisition plans
In recent posts, I have reported how India continues to grow at an unprecedented pace despite the global slowdown. Indian companies are leveraging this growth streak to strengthen their corporate portfolios, particularly by making outbound acquisitions in western markets. In April-June 2010 quarter the number of acquisition transactions involving Indian...