M&A: The art of the deal

The Tech Panda takes a look at recent mergers and acquisitions within various tech ecosystems and what that means for industry.

Novopor Advanced Science expands US footprint with acquisition of FAR Chemical

Novopor Advanced Science Private Limited, a Bain Capital portfolio company and global performance chemicals and material science CDMO, acquired FAR Chemical, a US-based company in custom and complex specialty chemical manufacturing focused on electronics, aerospace & defense, coatings and adhesives and other specialty chemicals, from its US parent CPS Performance Materials Group.

“FAR Chemical and CPS Performance Materials have established a differentiated platform grounded in deep technical expertise, an uncompromising commitment to safety, and a strong track record of delivering innovative solutions for customers with unique and challenging development needs,” said Justin O’Connor, President of FAR Chemical. “This partnership strengthens our ability to invest in advanced capabilities while maintaining the highest standards of safety and operational discipline and enhances our ability to support customers seamlessly from development through commercial-scale manufacturing. We are proud to join Novopor in building a platform defined by technical excellence, a safety-first culture, and an unwavering commitment to our customers.”

Ykone, BarCode & Mirror Mirror Merge to Form ‘One’, a Fully Integrated Ecosystem for Storytelling & Influence in India

Global influencer marketing company Ykone announced its merger with the esteemed Paris-based creative production house Mirror Mirror, forming a new integrated group named One. This strategic merger significantly amplifies the creative, technology and new-age media capabilities for Ykone’s Indian operations, which includes the pioneering agency BarCode, acquired by Ykone in 2024.

“The integration of MIRROR MIRROR into ONE represents a major strategic milestone for our growth. We are joining a group that is clearly future-oriented. We share the conviction that an integrated approach combining influencer strategy, production and events is now essential to serve brands on a global scale. This alliance gives us the means to accelerate, innovate and support our talents in new territories.” adds Juliette Lambert, Founder of MIRROR MIRROR.

MUFG Bank to Invest US$4.4 B in Shriram Finance through Preferential Issuance of equity shares

The Board of Directors of Shriram Finance Limited (“SFL”) approved entering into definitive agreements with MUFG Bank Ltd. (“MUFG Bank”) for an investment of INR 39,618 crore (~ USD 4.4 billion) in SFL through a preferential issuance of equity shares. This investment will result in MUFG Bank acquiring a 20.0 % stake on a fully diluted basis.

Hironori Kamezawa, Group Chief Executive Officer, Mitsubishi UFJ Financial Group stated, “MUFG is proud to enter into this transaction and become a strategic partner of Shriram Finance, one of India’s most respected financial institutions. MUFG and Shriram Finance share a common vision and aligned values for the future. Leveraging our global capabilities, MUFG is committed to supporting Shriram Finance’s growth and contributing to economic development, communities, and society in India.”

Tata Chemicals International Pte. Limited to acquire 100% stake of Novabay Pte. Limited, Singapore for EUR 25 Million

Tata Chemicals Limited (TCL) announced that Tata Chemicals International Pte. Limited (TCIPL) a 100% subsidiary of TCL, has signed a Share Purchase Agreement (SPA) to acquire 100% equity shares of Novabay Pte. Limited (Novabay) manufacturer of premium grade sodium bicarbonate.

Managing Director CEO, TCL, said, Novabay’s focus on premium-grade sodium bicarbonate aligns seamlessly with TCL’s strategy to expand its presence in high-value, non-cyclical product segments. This acquisition strengthens TCL’s capabilities in specialty bicarb market and enhances our ability to serve premium customer requirements.

GABIT Acquires Näck to Build the World’s First Fully Integrated Longevity Ecosystem

GABIT, the award-winning full-stack longevity company, acquired Näck, a clean, science-led nutrition brand. This move brings together GABIT’s cutting-edge health tracking smart ring technology and AI-based health coaching with Näck’s thoughtfully formulated supplements, creating a seamless ecosystem where wellness is tracked, guided, and objectively measured in real time.

“Good habits feel even better when they show up in your data,” said Arpana Shahi, Founder of GABIT. “Imagine taking a supplement for better sleep and actually being able to measure its effect on your deep sleep. Or adjusting your nutrition through supplements and seeing tangible changes in recovery, energy, or metabolic health. That’s the future of health we’re building.”