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* Visteon Corp. (NYSE: VC) and its longtime Korean affiliate Halla Climate Control Corp. (HCC) today announced they have signed a definitive agreement to contribute most of Visteon’s automotive climate business to HCC for a purchase price of $410 million in cash (KRW 436 billion), subject to certain adjustments. The transaction, first outlined in September 2012, is subject to regulatory reviews and other conditions, and is expected to be completed in the first quarter of 2013. HCC is expected to finance the transaction through a combination of cash on hand and moderate borrowing.
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* eleTech Holdings, Inc. (NASDAQ: TTEC) announced the acquisition of Technology Solutions Group, Inc. (TSG), a provider of customer-focused communication solutions.
Founded in 1999, TSG designs, delivers and manages world-class communication solutions for both large enterprises and small and medium businesses across numerous industries, with a strong presence in the healthcare vertical.
TSG brings deep expertise in consulting and systems integration along with the ongoing management of large, complex, multi-channel data, telephony and converged IP-based environments. TSG’s offerings span enterprise mobility, customer self-service and customer management environments enabling companies to accelerate growth and benefit from more satisfied customers, more intelligent processes and a more engaged and productive workforce.
As with previous acquisitions, TeleTech plans to fully leverage the sales opportunities within its expanded client base and believes it will be a strong contributor to future growth.
The acquisition closed on December 31, 2012 and is expected to be immediately accretive to TeleTech’s earnings.
* After markets closed Thursday, 3D Systems Corp. (NYSE: DDD) announced that it had acquired COWEB, based in Paris, France, a start-up that creates consumer customized 3D printed products and collectibles. 3D Systems plans to offer these personalized figures through the company’s proprietary content hosting and publishing platform, Cubify, which includes full Digital Rights Management, DRM. Terms of the transaction were not disclosed.
COWEB’s online tools create licensed collectibles as well as a wide range of original custom figurines that can be personalized and 3D printed in full color, using uploaded photos. When integrated into 3D Systems’ powerful Cubify hosting platform, these capabilities enable creative collaborations like the one previewed earlier in the week at CES between CBS’s Star Trek franchise and 3D Systems, which invites Star Trek fans globally to personalize their favorite Original Series character, 3D print it in the cloud in full color and have it mailed right to their homes.
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