Luxoft Holding, Inc announced acquisition of Symtavision

Luxoft Holding, Inc, the BVI company providing software development services and innovative IT solutions, acquired Symtavision, a provider of automotive software tools and consulting services for planning, optimizing, and verifying embedded, real-time systems within all modern automobiles. Symtavision’s tools are focused on scheduling analysis, architecture optimization and timing verification. The company is headquartered in Braunschweig, Germany, has offices in Munich, Germany; Cologne, Germany and Troy, Michigan, and is supported by a network of distributors.

The acquisition of the BVI holding goes in line with its strategy of offering end-to-end solutions, by expanding its embedded software expertise into automotive sector. As the cars’ elements are moving from being hardware to software-defined, future demand will be connected with UTH-focused opportunities and solutions. Also, Luxoft sees growing opportunity created by the demand for tooling and expertise around real-time systems design and development.

Agricultural corporation received preliminary acquisition proposal from BVI company and its owner

The global agricultural company Agria Corporation received a preliminary non-binding proposal letter from Mr. Guanglin Lai, its executive chairman, and Brother Capital Limited, which is a company incorporated in the British Virgin Islands and wholly-owned by Mr. Lai, to acquire all of the outstanding ordinary shares of Agria Corporation, not already owned by them. According to the Letter dated January 28, 2016, ordinary shares of the company, including those represented by the ADS (each representing two ordinary shares), are to be purchased for US$0.60 in cash per ordinary share, or US$1.20 in cash per ADS.

A special committee to consider the proposal was formed by the Board of Directors of Agria Corporation, consisting of three independent and disinterested directors, which has retained Kirkland & Ellis as its U.S. legal counsel.