1. News
June 2, 2016

M&As this week: Korea Display System, Infibeam, SoCoMo Technologies

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.

Marine cosmetics

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.

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.

The move aims to further strengthen the latter’s ‘Fatafat’ grocery delivery service.


Image: South Korean beauty products manufacturing company Marine Cosmetics has been acquired by Korea Display System. Photo: courtesy of WerbeFabrik.