Telvent Announces Agreement for Acquisition by Schneider Electric

  • Schneider Electric, S.A. to launch an offer to acquire all of Telvent GIT, S.A.'s shares at U.S. $40.00 per share, valuing the company at approximately EURO1.4 billion on an enterprise value basis
  • Abengoa, S.A. irrevocably agrees to tender 40% stake in Telvent to Schneider Electric

Telvent GIT, S.A. (Nasdaq:TLVT ), a leading real-time IT solutions and information provider for a sustainable world, announced today that Telvent and Schneider Electric have entered into an agreement under which Schneider Electric will launch an offer to acquire all Telvent shares at U.S. $40.00 per share. In connection with the transaction, Abengoa has irrevocably agreed to tender its 40% stake in Telvent to Schneider Electric in the offer.

Read more: Telvent GIT SA ( TLVT )

Sify and Deutsche Telekom Sign Partnership to Deliver IP and Virtual Private Network (VPN) Services Globally

Sify Technologies Limited(NASDAQ Global Markets: SIFY), a leader in Enterprise Network and IT Services in India with global delivery capabilities and a pioneer in consumer internet services announced today their partnership with Deutsche Telekom International Carrier Sales & Solutions (ICSS), the international wholesalearm of Deutsche Telekom.

This partnership will provide customers and partners with top-of-the-line IP and VPN services in India and Europe, by leveraging on each others investments in Submarine, Terrestrial Networks and local network reach as well as regional partnership to reach new growth markets in South Asian, Middle East & Africa markets.

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Smartag Supplies NFC Smart Poster Tags for Google Places Service

ACiG Technology, a supplier and distributor of RFID products and a business unit of Identive Group, Inc. (Nasdaq:INVE) (Frankfurt:INV) announced that is has been selected as the exclusive supplier of near field communication (NFC) RFID stickers for the roll out of Google's marketing campaign for Google Places in Austin, Texas. The NFC stickers are manufactured by ACiG's sister company, Smartag.

Google is currently distributing the 80x50mm stickers to local business owners throughout Austin to help them promote their products and services and encourage people to rate and review the businesses on Google's new local recommendation engine.

Read more: Identive Group Inc ( INVE )

Level 3 to Acquire Global Crossing

Combination Creates a Premier Global Communications Provider with Extensive Network Reach, Global Scale and a Comprehensive Service Portfolio to Deliver Enhanced Capabilities to Customers

--Transaction Creates Significant Value through Synergies; Results in Substantial Improvement to Balance Sheet and Credit Profile
--Expected to Be Accretive to Level 3 on a Free Cash Flow Per Share Basis in 2013
--Combination Will Position Level 3 to Better Address Expansion Opportunities in Key Global Markets

Level 3 Communications, Inc. (NASDAQ: LVLT) and Global Crossing Limited (NASDAQ: GLBC) today announced that they have entered into a definitive agreement under which Level 3 will acquire Global Crossing in a tax-free, stock-for-stock transaction.

Read more: Global Crossing Limited ( GLBC )

LONDON – Jan. 17, 2011 – Hitachi Consulting, a recognised leader in delivering proven business and IT strategies and solutions, announced today it has joined the Citrix® Solution Advisor™ programme. Under this relationship, Hitachi Consulting will collaborate with Citrix Systems, Inc. (NASDAQ: CTXS), to develop and deliver strategic server and desktop virtualisation, software-as-a-service (SaaS), cloud computing, and other virtualisation and on-demand solutions to its clients.

Citrix is a longtime leader in desktop and application virtualisation technology. The company combines virtualisation, networking, and cloud computing technologies into a full portfolio of products that enable virtual workstyles for users and virtual datacentres for IT. More than 230,000 organisations worldwide rely on Citrix to help them build simpler and more cost-effective IT environments.

Read more: Hitachi Consulting Joins Citrix Solution Advisor Programme