The Tech Panda takes a look at recent mergers and acquisitions within various tech ecosystems and what that means for industry.
Actis, a global investor in sustainable infrastructure, acquired a 100% stake in Stride Climate Investments (“Stride”), a solar generation asset portfolio in India, from a fund managed by Macquarie Asset Management.
The deal sees Actis take charge of Stride’s 371MW (414MWp) portfolio of operating solar PV assets spread across 21 projects in 7 states, the majority of which are concentrated in the state of Gujarat. The Stride portfolio, which has close to a decade of demonstrated track record, features long-term pay-as-produce power purchase agreements with a diversified pool of off-takers, from central and state governments as well as the private sector, and a distributed asset base.
Actis has deployed more than US$7.1 billion in Asia since inception across different strategies and, as a leading energy investor, has built or operated more than 8GW of installed capacity in the region, including more than 5.5GW of renewables. With this acquisition, Stride joins BluPine Energy and Athena Renewables to become Actis’ third current energy generation platform in India.
Adrian Mucalov, Partner, Head of Long Life Infrastructure at Actis, said: “The acquisition of Stride aligns nicely with Actis’ long life infrastructure investment approach. The business has a 10-year operating history, compelling cash generation and low existing leverage. We believe Stride offers strong prospects to deliver cash yields to investors while also being in a dynamic, rapidly growing market.”
Abhishek Bansal, Partner, Energy Infrastructure at Actis, commented: “Actis has a long experience of successful investment in the Indian renewable energy sector, exemplified by Ostro Energy and Sprng Energy previously as well as by our current renewables platforms. The Indian economy is continuing to grow rapidly and its energy transition is accelerating apace, with the government aiming to secure 50 percent of the country’s electricity from renewables by 2030. This environment is therefore creating ample opportunities, especially for an investor such as Actis with expertise in driving efficiency and creating value in this market.”
SAR Televenture Limited, a network infrastructure company listed on NSE, announced that its Board has approved the share swap for acquisition of a majority stake in Tikona Infinet Limited, a prominent internet service provider, for a total consideration of ?578 crore. The acquisition has been structured as a share swap, with Tikona’s shareholders receiving shares in SAR Televenture as part of the share purchase agreement.
This acquisition marks a strategic milestone for SAR Televenture as it gains a strong foothold in the enterprise broadband segment leading to it becoming 3rd largest player in the enterprise Broadband segment.
Rahul Sahdev, Managing Director, SAR Televenture, said, “We are delighted to welcome the Tikona Infinet family to SAR Televenture. This acquisition allows us to expand our service portfolio and provide customers with a wider range of services, including high-speed broadband, fibre-optic connectivity, and advanced 4G and 5G network solutions. By leveraging our combined expertise, we aim to redefine connectivity standards and deliver innovative services to businesses and individuals across India.”
With this transaction, SAR Televenture cements its position as an integrated telecom services provider, offering a comprehensive portfolio of solutions, including commissioning of 4G / 5G Towers, Fiber to the Home (FTTH) services, Optical Fibre Cable (OFC), Enterprise Network solutions and Retail Broadband services.
SpaceBasic, a B2B Saas company that automates student housing and cafeteria operations for universities and educational institutions, has acquired CAMPUS, a B2B, SaaS platform automating attendance, simplifying check-ins, and keeping student engagement effortless and on point for universities. This strategic acquisition will strengthen SpaceBasic’s goal of offering a fully connected campus experience for students.
Madhavi Shankar, CEO and Co-Founder, SpaceBasic, said, “Universities today need more than just software—they need intelligent, connected systems that make campus life effortless. At SpaceBasic, our mission is to simplify and transform university operations. Integrating CAMPUS into our ecosystem accelerates our growth and reinforces our vision of building smarter, more connected educational institutions.”
Siva Sai, Co-Founder, CAMPUS, said, “We founded CAMPUS to help institutions reduce manual tasks and make data-driven decisions effortlessly. Our focus was towards streamlining classroom attendance and fostering a connected student community for better collaboration. With SpaceBasic, we are expanding our reach and enhancing our technological ability to empower campuses to operate with greater efficiency.”
Linedata, (Euronext Paris: LIN), a global provider of asset management and credit technology, data, and services, announced the acquisition of NROAD, a proven specialist in AI-enabled automated unstructured financial data processing based in Pune, India and Boston.
By integrating NROAD’s specialized AI agents, domain-specific solutions, and its proprietary CONVUS platform into Linedata’s portfolio, the unified company will deliver a more powerful suite of tools for asset managers, credit institutions, and compliance teams. With the integration, Linedata will be able to address a growing demand for scalable AI-driven solutions that accelerate decision-making and improve operational resilience.
The acquisition also strengthens Linedata’s position in the US market, leveraging NROAD’s strong regional presence, while expanding its AI bench. NROAD’s existing clients—including global banks, rating agencies, and payment processors—will benefit from enhanced infrastructure, broader support, and an expanded roadmap for innovation.
“We are delighted to welcome NROAD to the Linedata family,” said Anvaraly Jiva, Founder and CEO of Linedata. “This acquisition demonstrates our unwavering commitment to investing in transformative technologies that enable our clients to excel in today’s data-driven environment. NROAD’s AI-powered financial data processing expertise perfectly aligns with our strategic vision, allowing us to deliver exceptional value to our clients. Aashish and his team of seasoned executives, including data scientists and AI experts bring extensive experience in building and marketing successful fintech solutions for enterprises, which will be key in integrating and promoting a combined offering. Having them onboard is a new and thrilling step for Linedata.”
Web Werks India Pvt Ltd, a leading data center provider in India, founded by Nikhil & Nishant Rathi, has been fully acquired by Iron Mountain (NYSE: IRM) in one of the largest transactions in India’s data center industry. The founders of Web Werks secured an investment of $150 million during the joint venture’s formation in 2021, followed by an additional $170 million in 2023. With their successful exit, the Rathi brothers have demonstrated their expertise in building and delivering exceptional value to India’s digital and data center ecosystem.
The acquisition marks a significant milestone for the company, solidifying its legacy as a key enabler of India’s digital economy. As part of the transition, Web Werks will now operate under a new brand identity while continuing to serve its enterprise clients without disruption.
“Nishant and I have been working around the clock for 25+ years to build Web Werks data center. I am incredibly proud of what the entire team has achieved – making it one of the biggest acquisitions in Indian Data Center history. What started with just 40 people and three data centers at 1MW capacity has grown into a team of over 200 with 162 MW of capacity. Since then, we have blitzscaled to a capability of 162+ MW, a total of 6 live data centers in major cities and a family of 200+ people. I am grateful to everyone who has been part of this incredible journey as I look ahead to the next chapter,” said Nikhil Rathi, Co-Founder, Web Werks and NeoSOFT.
Cloudflare, Inc. (NYSE: NET), the connectivity cloud company, announced the acquisition of Outerbase, a developer database company, to dramatically enhance the developer database experience across Cloudflare Workers. With this acquisition, building database-backed applications will be more approachable — enabling more teams to build and deploy full-stack, AI-enabled applications on Cloudflare’s global network.
Databases are key to building any modern application. And, with the rapid growth of AI and AI agents, more software will be built over the next five years than in the past 20. Almost all of those applications will need a database to maintain context, store conversations, and act on data. Ensuring that those databases can be built and managed quickly, easily, and at scale by developers of all backgrounds will help more developers to build those applications on Cloudflare.
“Businesses are racing to build AI-powered applications to be as productive, innovative, and competitive as possible. Our goal is to make it easy and accessible for any developer, regardless of expertise, to build database-backed applications that can scale,” said Matthew Prince, co-founder and CEO of Cloudflare. “Outerbase’s technology and design expertise are an important factor in accelerating this improved developer experience.”
Aurionpro Solutions Limited, (BSE: 532668) (NSE: AURIONPRO), a provider of technology solutions for the financial services industry, announced the acquisition of Fintra Software Private Limited to enhance its Transaction Banking offerings. The proposed transaction includes acquisition of 100% stake in Fintra including all the intellectual property rights and resources. This acquisition promises to deliver an integrated front-to-back solution for cash and trade management, strengthening Aurionpro’s transaction banking capabilities in the market.
Aurionpro’s expertise in transaction banking solutions, combined with Fintra’s strong back-end capabilities in trade finance, creates a synergy that caters to the evolving needs of corporate banks. This acquisition will help create the next generation of transaction banking platform by incorporating cutting-edge trade automation that leverages the Enterprise AI framework developed by Arya.ai, the AI focused subsidiary of Aurionpro.
“This acquisition marks an important step for Aurionpro as we double down on our strategic focus to create the future of Trade Finance technology and significantly expand our functional coverage in Transaction Banking,” said Ashish Rai, Global CEO of Aurionpro. “We remain committed to staying ahead of the market in meeting the dynamic demands of our clients, ensuring their corporate clients receive best-in-class services.”
Novopor Advanced Science Private Limited, a performance chemicals and material science CDMO, announced its acquisition of Pressure Chemical Company (“Pressure Chemical” or “PCC”), an affiliate of the Minafin Group and a provider of high-pressure and specialty chemistry services. The financial terms of the transaction were not disclosed.
The acquisition is a significant step in Novopor’s strategy to build an integrated specialty chemicals platform by combining early-stage development capabilities with large-scale manufacturing. The partnership will support continued investment in expanding Novopor’s facility footprint, enhancing technical capabilities, and providing customers with seamless access to fine and specialty chemical manufacturing at scale.
“This acquisition strengthens our ability to support customers across the full development lifecycle—from early-stage innovation through to commercial manufacturing,” said Radhesh Welling, CEO of Novopor Advanced Science Private Limited. “Pressure Chemical brings deep technical expertise, a highly skilled team, and strong customer relationships that are highly complementary to our platform. Together, we will invest in expanding our facility footprint, enhance our capabilities in complex chemistries, and create seamless access to large-scale fine and specialty manufacturing. This is an important step forward in building a differentiated, high-impact platform for our global customers.”
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