M&A watch: iFood, Ingram Micro, Motorola

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Wednesday, December 9, 2015

Brazilian food delivery service iFood has acquired Netcook, a player in the same segment that is based in Brazil's Minas Gerais state.

The terms of the deal, as well as the values involved, were not disclosed. In a statement, iFood said the acquisition allows it to expand its footprint across Minas Gerais, particularly the cities of Uberaba, Uberlândia and Araxá.

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In an interview with BNamericas in June, iFood executive director Carlos Moyses said the company was committed to growing outside the São Paulo-Rio de Janeiro business axis before gearing up for international expansion.

iFood is now present in 100 towns and cities around the country, has over 5,000 restaurants listed and receives 1.1mn orders a month.

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US IT product distributor Ingram Micro has entered into an agreement to acquire Odin Service Automation for an undisclosed sum.

The deal was closed with Odin's controller Parallels Holdings Ltd. ("Parallels"), a provider of commercial cloud management platform technologies, connectors, billing systems and professional services.

Under the terms of the transaction, Ingram Micro will acquire the platform along with associated cloud management technologies, intellectual property and the Odin brand, the company said. The deal is expected to be completed this year.

In October Ingram Micro reached a deal to acquire Brazil's Grupo Ação, one of Latin America's largest IT product distributors.

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Motorola Solutions agreed to buy UK communication services provider Airwave Solutions for approximately US$1.2bn, the companies announced in a statement.

The agreement is subject to required approvals and other customary closing conditions, and is expected to close in the first quarter of 2016.

Formed in 2000, Airwave is based in Berkshire, just north of London, and deliveres mission-critical voice and data communications to more than 300 emergency and public service agencies in Great Britain.