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Mergers & acquisitions

By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
Down Arrow Button Icon
April 9, 2013, 2:08 PM ET

General Electric (NYSE: GE) has agreed to acquire Lufkin Industries Inc. (Nasdaq: LUFK), a Lufkin, Texas–based provider of artificial lift technologies for the oil and gas industry and a maker of industrial gears. The deal is valued at approximately $3.3 billion, or $88.50 per Luftkin share (38% premium to last Friday’s closing price). www.lufkin.com

Adknowledge
has acquired the parent company of SocialWeekend Labs, operator of a portfolio of Facebook and mobile apps, plus tools for app developers. No financial terms were disclosed. Adknowledge has raised over $200 million in private equity and debt funding from firms like Technology Crossover Ventures, JMI Equity and Bank of America. www.adknowledge.com

OriGene Technologies Inc., a Rockville, Md.-based provider of genome-wide research and diagnostic products, has agreed to acquire the life sciences business of SDIX (Nasdaq: SDIX). No financial terms were disclosed. Origene shareholders include Accel Partners, IDG Ventures, KPCB China, Morningside Ventures, President Life Science Co., Qiming Ventures and Zero2IPO Ventures. www.origene.com

Elsevier has acquired Mendeley, a London-based global research management and collaboration platform. No financial terms were disclosed, but TechCrunch reports that the deal was valued at between $69 million and $100 million. Mendeley has raised venture capital from Access Industries, Ambient Sound Investment, Andurance Ventures and Passion Capital. www.elsevier.com

Tata Consultancy Services, a listed Indian IT outsourcing company, has agreed to acquire French business management software company Alti SA from CM-CIC LBO Partners and Idi Groupe. The deal is valued at €75 million. www.tcs.com

Unitas Capital has sold Exego Group, an Australian aftermarket distributor of auto replacement parts, to Genuine Parts Co. (NYSE: GPC). The total deal is valued at around $950 million.

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By Dan Primack
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