Kohlberg Kravis Roberts & Co. (NYSE:KKR) announced the signing of a definitive agreement under which funds advised or controlled by KKR are acquiring the SBB/Telemach Group from Mid Europa Partners. The executive management team led by founder Dragan šolak will remain in place and retain a substantial stake in SBB/Telemach Group. Financial terms of the transaction were not disclosed.
VMware (NYSE:VMW) announced that it has acquired Desktone, an industry leader in desktop-as-a-service with an advanced multi-tenant desktop virtualization platform for delivering Windows desktops and applications as a cloud service. "Desktone is a leader in desktop-as-a-service and has a complete and proven blueprint for enabling service providers to deliver DaaS," said Sanjay Poonen, executive vice president and general manager, End-User Computing, VMware. "By bringing Desktone's innovative platform in house, VMware can accelerate the delivery of DaaS through its network of over 11,000 VMware service provider partners while helping to shape and lead the future of the industry."
And, The Middleby Corporation (NASDAQ:MIDD) announced the acquisition of the commercial refrigeration and foodservice products business of Celfrost Innovations. Celfrost has annual sales of approximately $20 million and is based in Gurgaon, India. The Celfrost business was acquired by Middleby's newly established entity in India, Middleby Commercial Food Innovations Pvt. Ltd.
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