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Posts tagged m&a
Temasek's Aicadium acquires Basis AI
 

AEI Legal advised the founders of BasisAI (now Aicadium) in the acquisition by Temasek’s Aicadium. Aicadium was founded by Temasek to create and scale AI solutions as a global centre of excellence, leveraging data scientists, engineers and a platform of AI algorithms. BasisAI provides scalable and responsible AI solutions via Bedrock, its end-to-end machine learning platform, and has deployed solutions for Singapore Airlines, ComfortDelgro, DBS, UOB and OCBC.

Congratulations again to Feng-Yuan Liu, Linus Lee and Silvanus Lee on the exit.

Read more:
https://www.businesstimes.com.sg/garage/temaseks-aicadium-acquires-local-startup-basisai

 
DealsAndrea Cheem&a, tech, founder exit
DKSH's acquisition of Singapore medical device distributor Medworkz
 

AEI Legal is proud to have advised DKSH on its acquisition of Singapore medical device distributor Medworkz.

With this deal, DKSH builds its orthopedics capabilities and continues the expansion of its medical device distribution, sales, and marketing platform for Asia Pacific.

Listed on the SIX Swiss Exchange, DKSH operates in 36 markets with 32,450 specialists, generating net sales of CHF 10.7 billion in 2020.

Read more on Bloomberg:
https://www.bloomberg.com/press-releases/2021-02-16/dksh-announces-two-acquisitions-in-asia-pacific

AEI lawyers Andrea Chee, Yuho Bong & Zhitian Law advised DKSH.