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Lineage Logistics acquires Turvo Inc.

JSA advised Lineage Logistics, LLC, world’s largest temperature-controlled industrial REIT and logistics solutions provider, on the India leg of its 100% acquisition of Turvo Inc., a leading provider of supply chain management, collaboration, and visibility software, including its India subsidiary.

The acquisition was an extension of the two companies’ long-standing partnership which includes a previous investment in Turvo by Lineage. With Lineage’s backing, Turvo is intended to continue to focus on its customers, accelerate innovation in its technology offering and expand into new and adjacent markets under its own brand as a wholly owned subsidiary of Lineage.

The transaction also involved migration of employees of target into a new SAR (stock appreciation rights) plan.

Deal Value: USD 208 million

Our Transaction Team Comrised Lead Partner – Manvinder Singh, Partner – Anant Mishra, Associate – Parnik Saxena and Pragya Pandey.

Our Tax Team Comprised Partner – Kumarmanglam Vijay

Rupinder Malik | The Regulatory and Legal Developments Dealing with M&A Transactions

The Regulatory and legal developments dealing with M&A transactions and the way forward in 2024.

The Government of India is taking relevant measures to sustain market momentum by proactively removing regulatory or and legislative bottlenecks, streamlining processes to facilitate business, and accelerate market expansions.

In this podcast, our Partner Rupinder Malik delves into some of the major regulatory developments of 2023 impacting the M&A transactions. She also envisions the way forward for 2024.

Groupe Astek acquires Sinergia Media Labs

JSA represented and advised Groupe Astek in its acquisition of Sinergia Media Labs Private Limited (Simelabs) and its subsidiary Goodbits Tech Private Limited.

Astek has acquired a majority shareholding in Simelabs with a commitment for a long-term partnership with the sellers. JSA assisted Groupe Astek with conducting legal due diligence on Simelabs and its subsidiary, and the structuring, documentation, negotiation and closing of the transaction.

Groupe Astek is a French global conglomerate that provides engineering services in advanced technology and IT to a wide array of industries and sectors including Energy, Aeronautics, Automotive, Finance, Transport and Telecom. This is the first acquisition by Groupe Astek of an Indian company and marks the entry of Groupe Astek into the Indian market.  Simelabs is a digital solutions and services provider headquartered in Kochi, India with expertise in executing projects worldwide in the fields of business mobility, artificial intelligence, data science, machine learning, IoT, cloud, and AR/VR technology.

Our Transaction Team Comprised Partner – Archana Tewary, Principal Associate – Nikhil P. Joseph, Senior Associate – Aishwarya B Shankar, Associate – Sneha Mohanty and Company Secretary – Megha Kumari.