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Deals of the day-Mergers and acquisitions
Apr 29, 2026 7:14 AM

(Adds: Chiesi Group, Ares Management ( ARES ), Amadeus Updates: Kone ( KNYJF ),

DCC)

April 29 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 1330 GMT on

Wednesday:

** Italian pharma company Chiesi Group will buy U.S.-listed

KalVista Pharmaceuticals ( KALV ) in an all-cash deal valued

at about $1.9 billion, the two companies said in a joint

statement.

** Ares Management ( ARES ) said it has acquired a stake

in the Rover natural gas pipeline from a unit of fellow

investment firm Blackstone for an undisclosed sum, as

interest in U.S. energy infrastructure assets grows.

** Finnish lift maker Kone ( KNYJF ) agreed to buy German

rival TK Elevator (TKE) in a cash and stock transaction valued

at 29.4 billion euros ($34.4 billion), it said, a deal that

would create ​the world's largest lift maker.

** Spanish travel technology firm Amadeus announced a plan to acquire French biometrics company Idemia

Public Security, which is owned by Advent International, for 1.2

billion euros ($1.40 billion) in an all-cash deal.

** Ireland's DCC said it has received a cash

takeover proposal from a consortium comprising Energy Capital

Partners and KKR.

** Optio Group has entered the Irish market with the acquisition

of Construction Guarantee Underwriters Limited (CGU), the

specialty MGA said .

** Cognizant Technology has agreed to buy Astreya, an

IT services and technology provider focused on AI infrastructure

and data center services, in a deal valued at around $600

million, the company told Reuters.

** Private equity firm CVC Capital is weighing a 9

billion euro ($10.54 billion) deal for Italian payments group

Nexi, the Financial Times reported on Tuesday, citing

people familiar with the matter.

** Australia's oOh!media said that it has received a

takeover offer from Pacific Equity Partners valued at A$746.9

million ($536.42 million), putting the company's shares on track

for their biggest single-day gain on record.

** Industrial tools maker Ametek is in exclusive talks

to acquire the testing and measurement businesses of valve and

pump maker Indicor, owned by private equity firm CD&R, the Wall

Street Journal reported on Tuesday.

** Protective Life Corporation has agreed to buy hybrid fronting

carrier Obsidian Insurance Holdings and its affiliates from

private equity firm Genstar Capital, in a deal that expands the

acquirer into the specialty property casualty market.

(Compiled by Rajarshi Roy in Bengaluru)

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