Mergers and Acquisitions

Singtel’s NCS acquires Australian IT services firm The Dialog Group for $241M

NCS, the information technology (IT) and communications engineering arm of Singtel, announced Monday it has acquired Australia’s largest privately-owned IT services company The Dialog Group (Dialog) for A$325 million ($241 million). The acquisition of Dialog is geared to unlock new growth opportunities in the Australian market and accelerate NCS’…

Binance & Cuscapi Bhd take strategic stakes in Malaysia FinTech firm MX Global

MX Global Sdn. Bhd announced Tuesday an equity investment into the company from Binance. It also landed another investment for Redeemable Convertible Preference Shares (RCPS) into the company by Cuscapi Berhad. These new capital injections will allow MX Global, a licensed fintech company, to build brand awareness, hire more high-quality talent and develop…

Society Pass acquires Vietnam online grocery delivery service Handycart

Society Pass Incorporated (SoPa) has acquired Dream Space Trading Company Limited, the operator of Handycart. The newly acquired company will be integrated into SoPa's food and beverage delivery vertical with SoPa's existing merchant software platform #HOTTAB,

India’s Airtel acquires strategic stake in Singapore blockchain technology startup Aqilliz

Bharti Airtel (Airtel) has acquired a strategic stake in Aqilliz, a Singapore-based blockchain as a service company. It aims to deploy Aqilliz’s advanced blockchain technologies at scale across its fast growing adtech (Airtel Ads), digital entertainment (Wynk Music and Airtel Xstream) and digital marketplace (Airtel Thanks App) offerings.

Indonesian edtech firm Zenius acquires tutoring services provider Primagama

Primagama has officially become part of the Zenius learning ecosystem through the signing of an agreement earlier this year. Through this corporate action, Zenius will strengthen its commitment to create a new level of education in Indonesia through hybrid learning.

Singapore FinTech firm M-DAQ acquires payment firm Wallex to expand its cross-border ecosystem

M-DAQ has entered into a definitive agreement to acquire Wallex. The acquisition is the first of a series for M-DAQ, as it embarks on a global growth plan to capture market opportunities and expand its downstream reach in the value chain. In addition to the amount paid for the full acquisition, M-DAQ will also be injecting fresh working capital to…

Animoca Brands acquires indie game developer Grease Monkey Games

Animoca Brands has acquired Australia-based indie game developer Grease Monkey Games. With extensive experience in motorsports games development and established industry partnerships across motorsports and automotive manufacturing, Grease Monkey Games adds significant game development capabilities and expertise to Animoca Brands.

Singapore insurtech unicorn Bolttech acquires AVA Insurance

Bolttech has completed the acquisition of AVA Insurance Brokers and AVA Insurance Agency (AVA). The acquisition of AVA will accelerate the deployment of Bolttech’s insurance exchange in Singapore, connecting insurers, distributors and customers, making it easier and more efficient to buy and sell insurance.

Vietnam’s Society Pass completes acquisition of Philippines online grocery delivery service Pushkart.ph

Society Pass Incorporated (SoPa) has acquired Pushkart.ph, an online grocery delivery service in Philippines. The move kicks-off SoPa’s expansion into the Philippines market. Leveraging on SoPa’s capital, Pushkart.ph will focus on dramatically increasing on-demand grocery shopping services to more consumers and more retailers initially to Metro Manila and…