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Business Restructuring

Deals/Contracts/Partnerships

EIIR Provider Solutions/Capabalities

  • 1

    Capgemini expands its global creative consultancy services in Italy with frog and Doing.

    Q2(Apr-May-Jun), 2022

  • 2

    Atos will break into two & list its Digital unit separately. Evidian would bring together Atos? Digital, Big Data and Security business lines with ?4.9 B revenue in 2021. Atos will retain the remaining service lines with ?5.4 B revenue in 2021.

    Q2(Apr-May-Jun), 2022

  • 3

    TietoEVRY sells its software businesses Alystra, Jydacom and TRYGG/2000 to EG

    Q4(Oct-Nov-Dec), 2021

  • 4

    Bosch pools development activities for universal vehicle software in one unit under ETAS. A total of 2,300 experts from different development areas of Bosch and ETAS are to be brought together

    Q4(Oct-Nov-Dec), 2021

  • 5

    Akka is creating a new company SICEF, a new key stage in the development of the Flexmove project. The project has at its core an electric vehicle that can be driven like a normal car on the road, but which can also move on rail tracks thanks to a special tyre-to-tracks technology.

    Q1(Jan-feb-Mar), 2021

  • 6

    RBEI has created an independent unit to manage its business of non-Bosch customers. This entity, called Software and Digital Solutions or SDS, will focus on delivering software and digital services in the areas of digital enterprise, engineering R&D, new age technologies ( e.g. AI, AR/VR, Blockchain etc.). RBEI will also foray into non-traditional Bosch sectors like Healthcare and Energy with their products-Vivascope, Vivascreen and Phantom

    Q1(Jan-feb-Mar), 2021

  • 7

    Deutsche Bank to sell a technology business unit with 1500 employees to TCS. The price tag of the deal is symbolic Euro.

    Q4(Oct-Nov-Dec), 2020

  • 8

    IBM will spinoff the Managed Infrastructure Services unit of its GTS division into a new public company “NewCo” which will have revenue of $19 billion.

    Q4(Oct-Nov-Dec), 2020

  • 9

    Semcon divest its India operations of 192 employees to ASM Technologies Ltd. Interesting geographical divestment by an engineering service provider to another engineering service provider.

    Q4(Oct-Nov-Dec), 2020

  • 10

    TCS acquires Pramerica Services Unit from Prudential.

    Q4(Oct-Nov-Dec), 2020

  • 11

    Tech Mahindra to shut Pininfarina Engineering.

    Q4(Oct-Nov-Dec), 2020

EIIR Buyer GIC/R&D Best Practices/Solutions

  • 1

    Volkswagen announced the establishment of the new company PowerCo which will be responsible for the automaker's global battery activities along the entire battery value chain, including battery cell production at Salzgitter and other sites. PowerCo will invest more than 20 billion euros through 2030 and eventually expects to generate that amount in sales annually.

    Q3(Jul-Aug-Sep), 2022

  • 2

    Hanwha Aerospace, a major defense company in South Korea, is revamping its business model to maximize synergy among defense units to emulate Lockheed Martin?s success.

    Q3(Jul-Aug-Sep), 2022

  • 3

    Denso reorganises NA engineering and R&D. Product groups ditched, organisation restructured into three horizontals.

    Q4(Oct-Nov-Dec), 2021

  • 4

    General Motors announced the immediate restructuring of its Information Technology function into two groups – the Digital Business Software team and the Global IT organization

    Q4(Oct-Nov-Dec), 2021

  • 5

    Vinfast exits Australia, closes R&D center. Targets the US and Europe for expansion

    Q3(Jul-Aug-Sep), 2021

  • 6

    Ford exits manufacturing in India but will continue to invest in its R&D center in Chennai. It has 12,000 people and will add 5,000 more by next year

    Q3(Jul-Aug-Sep), 2021

  • 7

    BMW becomes the latest automaker to shut down its subscription service. Many auto OEMs launched vehicle subscription as a service with monthly fees. Guess it is not working as expected.

    Q1(Jan-feb-Mar), 2021

  • 8

    Customers don’t want more streaming services — they want help buying and navigating the services that already exist. That’s what T-Mobile realized after three years effort to create alternative to cable, Now T-Mobile US will shut down its TVision live-TV service and partner with YouTube TV.

    Q1(Jan-feb-Mar), 2021

  • 9

    Harley-Davidson officially spins off new electric bicycle company Serial 1 Cycle Company and launches its first model.

    Q4(Oct-Nov-Dec), 2020

  • 10

    JPMorgan Chase creates new unit for blockchain projects.

    Q4(Oct-Nov-Dec), 2020

  • 11

    Walmart ends contract with robotics company Bossa Nova after seeing similar results from workers grabbing online orders during pandemic. Robots are getting fired too!

    Q4(Oct-Nov-Dec), 2020

Other News

  • 1

    Kellogg to separate into three companies focusing on snacks, cereal and plant-based foods

    Q3(Jul-Aug-Sep), 2022

  • 2

    KK Wind Solutions to acquire Vestas? converter & controls business and associated manufacturing sites located in Denmark, India and China. The transaction will enable KKWS to extend its global footprint and become the world?s leading converter manufacturer for Wind.

    Q3(Jul-Aug-Sep), 2022

  • 3

    NCR to Separate Into Two Independent, Industry-leading Companies one focused on digital commerce, the other on ATMs

    Q3(Jul-Aug-Sep), 2022

  • 4

    Collins Aerospace has merged two business units to form a new group to develop next-generation aircraft and #hypersonic weapon components. Called Advanced Structures, the group is an amalgamation of two Collins business units ? Mechanical Systems and Aerostructures.

    Q2(Apr-May-Jun), 2022

  • 5

    Bechtel announces new Manufacturing and Technology business. Bechtel is aiming to capitalize on rising prospects for what it terms the ?next generation of manufacturing? by setting up a new business unit that targets sectors such as semiconductors, synthetic materials, data centers and products and facilities related to electric vehicles.

    Q2(Apr-May-Jun), 2022

  • 6

    Japan?s Denso is considering a US$3 billion chip unit spinoff to tackle shortages. It is world?s fifth-largest supplier of automotive chips by sales.

    Q2(Apr-May-Jun), 2022

  • 7

    Ford to run EV, internal combustion divisions separately. Two divisions:Ford Blue to focus on traditional combustion engines. Ford Model e will develop electric vehicles.

    Q1(Jan-Feb-Mar), 2022

  • 8

    Facebook changes its name to Meta to refflect its new vision

    Q4(Oct-Nov-Dec), 2021

  • 9

    Adient ends Yanfeng Adient Seating joint venture with partner Yanfeng Automotive Trim Systems. The completed transactions will enable Adient to drive its strategy in China independently.

    Q4(Oct-Nov-Dec), 2021

  • 10

    AECOM will relocate its global headquarters from Los Angeles to Dallas.

    Q4(Oct-Nov-Dec), 2021

  • 11

    Unilever to sell its Tea business, ekaterra, to CVC Capital Partners Fund VIII for €4.5 bn

    Q4(Oct-Nov-Dec), 2021

  • 12

    Midea to take Kuka off the stock exchange

    Q4(Oct-Nov-Dec), 2021

  • 13

    Daimler Truck stock market listing on December 10th as an independent firm.

    Q4(Oct-Nov-Dec), 2021

  • 14

    GE Plans to Form Three Public Companies Focused on Growth Sectors of Aviation, Healthcare, and Energy

    Q4(Oct-Nov-Dec), 2021

  • 15

    Faurecia to create sustainable, smart materials division, targets EUR 3 b sales by 2030.

    Q3(Jul-Aug-Sep), 2021

  • 16

    Volvo Cars is planning to buy out parent company Zhejiang Geely Holding and free itself of its Chinese joint venture.

    Q3(Jul-Aug-Sep), 2021

  • 17

    Vodafone Spain plans to cut up to 515 jobs amid intense competition

    Q3(Jul-Aug-Sep), 2021

  • 18

    Panasonic is shutting down its refrigeration compressor manufacturing operations in Singapore, resulting in the layoff of some 700 workers. However, its global headquarters for the refrigeration compressor business and research and development (R&D) activ

    Q3(Jul-Aug-Sep), 2021

  • 19

    Morepen carves out its Medical Devices into a Subsidiary because of high growth.

    Q3(Jul-Aug-Sep), 2021

  • 20

    A.P. Honda, Thai Honda Manufacturing and HPD have merged to form a new company named “Thai Honda Manufacturing” combining their sales and production

    Q2(Apr-May-Jun), 2021

  • 21

    DENSO Transfers Its Aftermarket and Non-automotive Business to DENSO Solution

    Q2(Apr-May-Jun), 2021

  • 22

    Aerion Supersonic, the Nevada-based company that planned to build business jets capable of silently flying nearly twice as fast as commercial aircraft, is shutting down

    Q2(Apr-May-Jun), 2021

  • 23

    Construction startup Katerra is shutting down, a dramatic collapse for a company that raised about $2 billion from investors including SoftBank. Katerra, founded in 2015, had promised to shake up the construction industry with its efficient factories, prefab parts and modular construction units. The company was working in countries including the U.S., India and Saudi Arabia.

    Q2(Apr-May-Jun), 2021

  • 24

    Daimler plans separation into two pure-play companies and majority listing of Daimler Truck

    Q1(Jan-feb-Mar), 2021

  • 25

    Danfoss to acquire Eaton Hydraulic business for $3.3 billion. This business had sales of $2.2 billion in 2019 and employs 11000 people. Conglomerates will continue to restructure.

    Q1(Jan-feb-Mar), 2021

  • 26

    Faurecia to divest Acoustics & Soft Trim (AST) business to Adler Pelzer Group. AST had sales of €385 million in 2019.

    Q1(Jan-feb-Mar), 2021

  • 27

    Geely Auto Forms New Premium Electric Car Company – Zeekr

    Q1(Jan-feb-Mar), 2021

  • 28

    Google is shutting down its Stadia game studios.

    Q1(Jan-feb-Mar), 2021

  • 29

    Merck is planning to spin off its women’s health, biosimilar drugs and legacy products into a new publicly traded company. The move that will allow the drugmaker to focus on key growth drivers like cancer drug Keytruda and vaccines.

    Q1(Jan-feb-Mar), 2021

  • 30

    Nokia likely to cut 2,000 jobs in India. The company has its global network operating center (NOC) in Noida, an R&D center in Bengaluru, a manufacturing unit in Chennai, and the India head office in Gurgaon. As per estimates, the company has over 16,000 employees in the country.

    Q1(Jan-feb-Mar), 2021

  • 31

    Nokia to shed up to 10,000 jobs in a bid to fund future capabilities. Cost take out where ever possible for funding R&D and new capabilities.

    Q1(Jan-feb-Mar), 2021

  • 32

    Spain’s top soccer league LaLiga is looking to sell a majority stake to a financial investor in its technology services unit, which has enterprise value of of 450 million euros and focuses on player analysis and stadium logistics.

    Q1(Jan-feb-Mar), 2021

  • 33

    Wärtsilä announces the divestment of 100% of the shares in its Entertainment business, Wärtsilä Funa GmbH, to Videlio SA, a French public limited company. Wärtsilä Entertainment is engaged in the field of design, fabrication, engineering and integration of entertainment systems, illumination, light control, cabin control, broadcast and digital audio distribution and announcement systems for cruise vessels and entertainment parks. These systems are used in the Marine and land-based markets.

    Q1(Jan-feb-Mar), 2021

  • 34

    AIG to separate its life insurance arm.

    Q4(Oct-Nov-Dec), 2020

  • 35

    Bayer sells a facility at its Wuppertal site in Germany to WuXi Biologics. Wuxi plans to produce ingredients for COVID vaccine in this facility.

    Q4(Oct-Nov-Dec), 2020

  • 36

    Chevron Announces $14 Billion Capital and Exploratory Budget for 2021 and guidance of $14 -$16 billion till 2025 which is lower than earlier guidance of $19-$22 billion.

    Q4(Oct-Nov-Dec), 2020

  • 37

    ExxonMobil plans reduction to European staffing levels. It is anticipated that up to 1,600 positions would be impacted.

    Q4(Oct-Nov-Dec), 2020

  • 38

    Fonterra sells dairy plants in China for $369 Million.

    Q4(Oct-Nov-Dec), 2020

  • 39

    France SocieteGenerale to shut 600 branches as it merges two retail banking networks. Will this merger and consolidation create large deal/ carve out opportunity for IT service providers.

    Q4(Oct-Nov-Dec), 2020

  • 40

    GREDHCL (Global Renewable Energy Development Holding Company Limited), a fund based out of the Dubai International Financial Centre, has entered into an agreement with Senvion GmbH for the acquisition of the latter’s Indian operations (Senvion India).

    Q4(Oct-Nov-Dec), 2020

  • 41

    Harley Davidson makes India comeback, inks distribution agreement with Hero MotoCorp. Earlier there was news of Harley exiting India. Good they found a solution. More Auto OEMs will partner with local dominant players in different countries.

    Q4(Oct-Nov-Dec), 2020

  • 42

    Honda closes its factory in Greater Noida, India. They have a larger facility in Alwar which will continue.

    Q4(Oct-Nov-Dec), 2020

  • 43

    Honda Will Stop Selling Cars in Russia from 2022, Will Continue Two-Wheeler Sales.

    Q4(Oct-Nov-Dec), 2020

  • 44

    Huawei reportedly sells its Honor phone division for $15 billion. Buyer is a consortium which includes Shenzen Government.

    Q4(Oct-Nov-Dec), 2020

  • 45

    Lidl scraps plans to launch online in the UK as it dissolves Digital Logistics arm.

    Q4(Oct-Nov-Dec), 2020

  • 46

    Mercedes-Benz sells passenger-car plant in Hambach, France to INEOS Automotive

    Q4(Oct-Nov-Dec), 2020

  • 47

    Warner Media plans thousands of job cuts in restructuring as it seeks to cut costs by up to 20%.

    Q4(Oct-Nov-Dec), 2020

  • 48

    Wärtsilä announces the divestment of 100% of the shares in Wärtsilä Valves Ltd to an affiliate of Evergreen Capital.

    Q4(Oct-Nov-Dec), 2020

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Pareekh Jain

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