Korea Display System has announced that it will acquire Marine Cosmetics for $9.59m. The amount will be paid through a combination of cash, treasury and notes and will be retrieved by the acquiring company from its reserves.
Korea Display System is a semiconductor testing equipment manufacturing company based in South Korea, whereas Marine Cosmetics is a South Korean company involved in manufacturing of beauty products.
Go deeper with GlobalData
Indian e-retailer of consumer products, NSI Infinium Global, a wholly owned subsidiary of Infibeam Incorporation (Infibeam.com), will fund $6.69m in Avenues (India) Private Limited (CC Avenue), a company which offers online transaction facilities.
A definitive agreement has been signed by the company for the same.
SoCoMo Technologies (Jugnoo), an online auto rickshaw aggregator company based in India, has taken over SabKuchFresh, an e-retailer of vegetables and fruits also based in India.
See Also:
The move aims to further strengthen the latter’s ‘Fatafat’ grocery delivery service.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataImage: South Korean beauty products manufacturing company Marine Cosmetics has been acquired by Korea Display System. Photo: courtesy of WerbeFabrik.
