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M&A

By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
Down Arrow Button Icon
February 16, 2012, 3:21 PM ET

Itron Inc. (Nasdaq: ITRI) has agreed to acquire SmartSynch Inc., a Jackson, Miss.-based provider of public wireless smart metering technology. The deal is valued at approximately $100 million. SmartSynch has raised around $80 million in VC funding from Battelle Ventures, Beacon Group, Credit Suisse, Endeavor Capital Management, GulfSouth Capital, Innovation Valley Partners, Kinetic Ventures, OPG Ventures, Siemens Venture Capital and Southern Farm Bureau Life Insurance Co.www.smartsynch.com

CBD Energy (ASX: CBD) of Australia has agreed to acquire an 85% stake in Campbell, Calif.-based Westinghouse Solar (Nasdaq: WEST), in an all-stock transaction. www.cbdenergy.com.au

CellTrust Corp., a Scottsdale, Ariz.-based provider of mobile messaging and communication solutions, has acquired mobile marketing company RevMobile. No financial terms were disclosed. CellTrust has raised VC funding from Moshir Venture Partners. www.celltrust.com

KongZhong Corp. (Nasdaq: KONG) has agreed to acquire Noumena Innovations, developer of the Handymo cross-platform smartphone mobile game engine. The deal is valued at approximately $19 million, including $15 million in cash.

Opera Software has acquired New York-based Mobile Theory Inc. for up to $50 million and London-based 4th Screen Advertising Ltd. for up to $14.5 million.

JH Partners has sold Australian skin care company Jurlique International to Japan’s Pola Orbis for approximately A$335 million. www.jhpartners.com

SanDisk Corp. (Nasdaq: SNDK) has acquired FlashSoft, a Mountain View, Calif.-based flash virtualization startup. No financial terms were disclosed. FlashSoft had raised $3 million in Series A funding led by Thomvest Ventures. www.flashsoft.com

OZON, a Russian online retailer, has acquired Sapatu.ru, a Russian online shoe and accessories retailer. No financial terms were disclosed. OZON has raised over $120 million in VC funding from Baring Vostok Capital Partners, Index Ventures, Cisco Systems, ru-Net Hldings, Rakuten, HV Holtzbrinck Ventures and Alpha Associates. Saputo had raised around $20 million from Fast Lane Ventures, eVenture Capital Partners, Intel Capital and Kinnevik.

Carl Icahn wrote in a regulatory filing yesterday that CVR Energy Inc. (NYSE: CVI), a Sugar Land, Texas-based producer of ammonia and urea-ammonia nitrate, should put itself on the auction block. The company’s current market cap is around $2.4 billion. www.cvrenergy.com

The Federal Reserve has approved Capital One’s proposed $9 billion purchase of ING Direct USA. www.capitalone.com

Shanda Interactive (Nasdaq: SNDA) stockholders have accepted a take-private that would value the Chinese Internet company at around $2.3 billion. The purchasing consortium is led by Shanda CEO Tianqiao Chen.

Glory Ltd. has offered to acquire British cash handling equipment maker Talaris from The Carlyle Group at an enterprise value of £650 million. www.carlyle.com

IK Investment has hired Morgan Stanley to manage the sale of German industrial weighing companySchenck Process, according to Reuters. IK paid approximately €450 million to buy the company from HgCapital in 2007. www.schenckprocess.com

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By Dan Primack
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