Kyivstar Group Ltd. (Nasdaq: KYIV), the parent company of Ukraine’s largest telecommunications operator Kyivstar, announced the acquisition of GigaCloud, one of Ukraine’s leading cloud infrastructure providers, for nearly 2.28 billion UAH (nearly $50 million) to expand its capabilities in the field of cloud solutions for businesses.
“By combining these strengths with our telecom infrastructure, scale of customer engagement, and investment capabilities, we will be able to help even more companies modernize their operations and develop a more robust technology business for the corporate segment,” Kyivstar Group Ltd. President Oleksandr Komarov is quoted as saying in the press release.
He added that this acquisition will help develop the infrastructure Ukraine needs in the long term.
The transaction is expected to close after the standard closing conditions for such deals are met. GigaCloud will continue to operate as a separate business unit within Kyivstar Group Ltd., retaining its own brand and management team.
Among other things, the company’s founders are expected to continue managing the business.
Furthermore, the transaction is not expected to result in any changes to existing customer contracts, service levels, or commercial terms.
“Together with Kyivstar Group Ltd., we will be able to accelerate investments in infrastructure, expand our market presence, and continue to provide the high-quality services our customers have come to expect,” noted Nazarii Kurochko, CEO and co-founder of GigaCloud, in a press release.
For his part, GigaCloud co-founder Anton Khvastunov emphasized that this collaboration will strengthen the company’s ability to scale secure cloud services and continue contributing to Ukraine’s digital development.
Kyivstar added that this investment will expand the operator’s technological capabilities for the corporate sector, as well as strengthen the company’s future potential in the field of sovereign cloud infrastructure and enable the development of artificial intelligence (AI)-based services tailored to the needs of Ukrainian businesses and government agencies.
It is noted that GigaCloud, founded in 2016, currently serves over 1,800 corporate clients. The company specializes in providing relevant services to businesses. Among the company’s clients are the Kernel agricultural holding, Naftogaz, and others.
The mobile operator’s press release states that, according to unaudited management reports, in 2025 the company generated approximately $14 million in revenue and $4.7 million in EBITDA, corresponding to an EBITDA margin of about 34%.
“The transaction is expected to have a positive impact on the development of Kyivstar Group Ltd. The valuation of the transaction takes into account GigaCloud’s growth rate, its expertise in cloud technologies, its market leadership, and the expected synergies from the business combination,” Kyivstar emphasized.
It is noted that the transaction structure includes a $41 million purchase price, up to $4 million in deferred debt obligations, approximately $3 million in payments tied to the achievement of agreed-upon performance metrics, and up to $2 million in capital expenditure (CAPEX) compensation in accordance with the terms of the agreement.
As reported this past summer, the Antimonopoly Committee of Ukraine authorized Kyivstar PJSC to acquire control over GigaCloud LLC, the cloud provider GigaCloud.
In June 2025, the mobile operator launched its own cloud service for Ukrainian users, Kyivstar Cloud, which is available to small, medium, and large businesses, as well as public sector organizations.
Based on the results of the first half of 2026, Kyivstar increased its revenue by 29.1% compared to the same period in 2025—to 28.9 billion UAH, or by 22.8% in U.S. dollars, to $662 million. Kyivstar’s net profit during this period increased by 36.1% compared to the same period in 2025—to 7.1 billion UAH, or by 28.8% in U.S. dollars, to $162 million.
NovaPay Invest LLC, established by the owners of the Nova Group and “Nova Poshta” Vyacheslav Klimov and Volodymyr Poperechnyuk, together with Supervisory Board Chairman Taras Kyrychenko, notified the National Securities and Stock Market Commission (NSSMC) and BTA Bank of their intention to acquire 100% of the bank’s shares.
According to a statement by “NovaPay Invest” published in the National Securities and Stock Market Commission’s (NSSMC) disclosure system on Friday, the company intends to acquire 20 million common registered shares of BTA Bank, representing 100% of its total common shares.
As of the date of the announcement, “NovaPay Invest” and its affiliates do not hold any shares in BTA Bank.
As previously reported, on June 24, “NovaPay Invest” submitted an application to the Antimonopoly Committee of Ukraine requesting preliminary conclusions regarding the need to obtain permission to acquire control over BTA Bank.
The company’s press office declined to comment to the Interfax-Ukraine news agency on what preliminary conclusions the AMCU had provided.
As of early 2026, BTA Bank was 100% owned by Kenes Rakishev, a citizen of Kazakhstan. According to the National Bank, as of September 1, 2026, the financial institution ranked last—59th—among Ukrainian banks in terms of total assets, with 338.49 million UAH. Over the first eight months of the year, the bank reported a profit of 1 million UAH.
Klimov, Poperechnyuk, and Kyrychenko—who had long headed Pravex Bank—each hold a 33.33% stake in NovaPay Invest.
The founders of the Nova Group, which is represented in the financial sector by NovaPay, announced their plans to enter the banking market in March of this year.
In June, the publication “Ekonomichna Pravda” reported that Nova had signed a memorandum with BTA Bank regarding the future acquisition of the institution and the creation of a financial inclusion bank based on it.
On Tuesday, the Antimonopoly Committee of Ukraine authorized Poland’s Powszechny Zakład Ubezpieczeń S.A. (PZU, Warsaw)—Poland’s largest insurance company and one of the largest financial institutions in Central and Eastern Europe—to acquire MetLife PrJSC, the leader in the Ukrainian life insurance market.
The AMCU noted on its website that it also approved the terms of the purchase and sale agreement concluded by PZU on April 30 of this year with the seller—the Swiss company MetLife Global Holding Company II GmbH—regarding coordinated actions in the form of non-competition clauses and a prohibition on poaching employees for a period of three years.
As previously reported, in May 2026, the PZU Group entered into a preliminary agreement with MetLife Global Holding to acquire 100% of MetLife’s shares. In a report to the Warsaw Stock Exchange, PZU later noted that the planned closing date for the transaction is late 2026 or early 2027, as it also requires approval from the National Bank of Ukraine (NBU).
It was emphasized that the deal strengthens the PZU Group’s position in Central and Eastern Europe, expands its operations in the life insurance segment, and aligns with its strategy to become a regional leader. It was also noted that the investment is insured by KUKE (PFR Group), which provides protection against the negative consequences of a potential deterioration in the military or political situation.
PZU already owns three companies in Ukraine: “PZU Ukraine,” “PZU Ukraine Life,” and “SOS Services Ukraine.” As of June 30, 2026, their combined net assets totaled 14 million PLN (161.9 million UAH), compared to 38 million PLN at the end of last year, while the combined assets of “PZU Ukraine” and “PZU Ukraine Life” totaled 458 million zlotys (5.2972 billion UAH), compared to 429 million zlotys at the end of last year.
MetLife PJSC has been operating in Ukraine since 2002 and is the leader in the Ukrainian life insurance market. In the first half of 2026, the company collected 1.599 billion UAH in insurance premiums, which is 11.4% more than in the same period a year earlier.
Source: https://amcu.gov.ua/news/informatsiia-pro-rishennia-amku-20102026
https://www.pzu.pl/_fileserver/item/1574495
Schneider Electric has reached an agreement to acquire the American company PTC, one of the world’s leading developers of software for the design of complex industrial products, engineering processes, and data management. The value of 100% of PTC’s share capital is estimated at approximately $22.6 billion (20.1 billion euros), Schneider Electric announced on October 5.
Under the terms of the deal, Schneider Electric will pay $205 in cash for each share of PTC. The proposed price is 42.3% higher than the company’s share price at the close of trading on the day before the deal was announced. The enterprise value is estimated at $23.7 billion (€21.1 billion).
The deal is expected to be a key milestone in Schneider Electric’s transformation from a manufacturer and supplier of energy and industrial technologies into a global company that integrates energy management, automation, industrial software, and artificial intelligence.
PTC specializes in software solutions for the design, manufacturing, and operation of complex industrial products. The company’s portfolio includes systems for managing product lifecycles, engineering data, and enterprise digital processes.
The integration of PTC’s technologies is intended to supplement Schneider Electric’s existing digital ecosystem with data generated as early as the product design stage. The company plans to combine this data with information from manufacturing processes, equipment, and energy systems.
This will create a unified digital environment covering the entire lifecycle of an industrial facility or product—from design and construction to operation, maintenance, and future upgrades.
Schneider Electric places particular emphasis on using integrated data to advance industrial artificial intelligence. For AI agents to operate effectively, they need not only access to large amounts of information but also an understanding of the context—including equipment design, engineering concepts, the manufacturing process, and actual operating conditions.
Following the merger with PTC and taking into account the planned acquisition of the Cognite industrial AI platform, Schneider Electric’s software division will expand significantly. According to the company’s estimates, Software & Services will account for approximately 24% of the group’s total revenue on a pro forma basis. The software business will employ over 15,000 specialists, and the number of software solution customers will exceed 50,000.
Schneider Electric expects to realize approximately 250 million euros in cost savings within three years of the transaction’s completion and estimates potential revenue synergies at approximately 800 million euros. These are expected to be driven by cross-selling, expansion of the customer base and geographic reach, as well as the joint development of solutions utilizing artificial intelligence.
The transaction is expected to close by the end of the third quarter of 2027. It has already been unanimously approved by the boards of directors of Schneider Electric and PTC, but still requires the approval of a majority of PTC’s shareholders and the necessary regulatory approvals.
What This Deal Could Mean for Ukrainian Industry
For Ukraine, the development of such solutions is particularly relevant in the context of industrial recovery and modernization. The integration of energy technologies, industrial automation, engineering software, and artificial intelligence enables companies to create digital models of production facilities as early as the design stage and then utilize the data throughout their entire operational lifecycle.
This approach can be applied during the modernization of existing enterprises and the construction of new production facilities, energy facilities, logistics, and other critical infrastructure. The digitization of engineering processes enables faster facility design, monitoring of energy consumption and equipment condition, predictive maintenance, and a reduction in the risks of unplanned downtime.
For Ukrainian enterprises, which are simultaneously facing the need to modernize equipment, improve energy efficiency, and address a shortage of qualified engineering personnel, the development of Industrial AI can become one of the tools for increasing productivity and ensuring the sustainability of production.
“It is particularly important for Ukraine that this is not simply about implementing individual digital products or artificial intelligence. We are talking about the ability to integrate the entire life cycle of an industrial facility—from engineering design to production, energy consumption, operation, and maintenance—into a single digital environment. For companies that need to modernize or, in fact, build new production facilities, this is an opportunity to immediately transition to a more modern management model,” said Mykhailo Bubnov, CEO of Schneider Electric Ukraine.
According to him, combining PTC’s engineering data with Schneider Electric’s automation and energy management technologies could be particularly relevant for Ukrainian companies with energy-intensive and complex production processes.
“In Ukraine, we see great potential for such solutions in industry, energy, infrastructure, logistics, and other sectors where the cost of equipment downtime or inefficient energy use is particularly high. Artificial intelligence in industry is meant to solve very practical problems: helping engineers make decisions faster, predict equipment condition, reduce unplanned downtime, and use energy more efficiently. As the economy recovers, it is precisely this practical impact of digitalization that will be of key importance to Ukrainian enterprises,” Bubnov emphasized.
Schneider Electric operates in the fields of energy technologies, electrification, automation, and digitalization of industry, buildings, data centers, infrastructure, and power grids. The company has approximately 160,000 employees and works with a network of about 1 million partners in more than 100 countries worldwide.
AGREEMENT, artificial intelligence, PTC, Schneider Electric, SOFTWARE
Taiwan Cement Corporation (TCC Group) intends to acquire 100% of the shares in the Ukrainian cement producer PJSC “Ivano-Frankivskcement” (“IFCEM”), the company’s press office reported.
“The partnership will combine IFTSEM’s leading position in the Ukrainian market, its modern production facilities, long-standing industrial traditions, and strong team with TCC’s global experience, technologies, and investment capabilities. It lays the foundation for the group’s further development and its active participation in Ukraine’s large-scale recovery and the deepening of economic integration with Europe,” according to a statement on the “Ivano-Frankivskcement” website.
The relevant agreement will be concluded between the majority shareholder of PrJSC “Ivano-Frankivskcement,” CemInWest S.A. (Switzerland), together with the owners of the affiliated companies Ivano-Frankivskdakh LLC, Krugips LLC, Krumix LLC, and TCC Group EMEA Holdings B.V. (Netherlands)—a subsidiary of TCC Group Holdings Co., Ltd.
It is noted that the completion of the transaction is subject to obtaining the necessary antitrust approvals and other regulatory clearances in the relevant jurisdictions, as well as the fulfillment of standard closing conditions.
According to Mykola Kruts, Chairman of the Management Board and member of the Supervisory Board of “Ivano-Frankivskcement,” he will remain a member of the company’s board of directors in the coming years.
“Today, the company is entering a new phase of its development. The partnership with a global strategic investor from Taiwan opens up new opportunities for IFCEM in terms of investment, technological development, and further strengthening of its position. In the coming years, I will remain a member of the board of directors to ensure continuity, stability, and the company’s further development,” the company quotes Krut as saying in its statement.
The preliminary value of the deal is approximately 750 million euros, according to “Forbes Ukraine,” citing Focus Taiwan.
PJSC “Ivano-Frankivskcement” manufactures cement, roofing materials, concrete and reinforced concrete products, and dry construction mixes. Its production capacity stands at 4.3 million metric tons of cement per year. Approximately 2,500 people are employed at the group’s facilities.
Before the start of the full-scale war, NEQSOL Holding was close to acquiring “Ivano-Frankivskcement,” but subsequently withdrew from the deal.
According to data from the YouControl analytical system, in 2025, Ivano-Frankivskcement increased its net profit by a factor of 1.4 compared to the previous year, to 4.2 billion UAH, and its net revenue by 20.3%, to 16.2 billion UAH. In the first half of 2026, net profit decreased by a quarter compared to the same period in 2025, to 1.4 billion UAH, while net revenue fell by 4.2%, to 7.1 billion UAH. The company’s total assets amounted to 14.9 billion UAH.
TCC Group Holdings Co., Ltd. is a global industrial group based in Taiwan and one of the world’s largest cement producers. The group operates more than 40 production sites, with a combined cement production capacity exceeding 112 million metric tons per year, and employs 13,800 people. TCC is also developing initiatives in green energy, energy storage systems, and advanced materials. TCC has a significant presence in Europe and Africa, particularly in Portugal, Turkey, Spain, the United Kingdom, the Netherlands, France, and Italy.
AGREEMENT, CEMENT, INVESTMENT, IVANO-FRANKIVSKCEMENT, TCC Group
Ukrainian IT services company SoftServe announced the completion of its acquisition of the Indian technology services company NewVision Software, which specializes in software development and the modernization of IT infrastructure based on cloud technologies, according to a company press release published on Tuesday.
As part of the deal, more than 700 engineers will join SoftServe. Among others, NewVision Software CEO Kapil Godani and Co-Chairman of the Board Balan Ramaswami will also join the company.
It is noted that NewVision Software will continue to operate under its own brand as a wholly owned subsidiary of SoftServe.
According to Andriy Stitsyuk, SoftServe’s Chief Financial and Operating Officer, an increasing number of the company’s clients are developing large-scale GCCs (Global Capability Centers) in India, where business decisions are made and engineering development takes place.
“Being alongside these teams in the same time zones and work environment allows SoftServe to co-create solutions in real time and respond quickly to new opportunities,” Stitsyuk is quoted as saying in the press release.
“In SoftServe, we have found a partner that shares this vision and combines world-class engineering expertise with a deep commitment to client success. Together, we can offer clients broader capabilities, greater scale, and confidence in implementing AI initiatives, while maintaining the level of partnership and engagement for which our teams are renowned,” said Kapil Godani, CEO of NewVision Software, in the press release.
SoftServe is a global digital engineering and technology consulting firm specializing in AI, data, and cloud solutions. The company was founded in 1993 in Lviv. Approximately 10,000 employees work in 49 offices around the world. Taras Kitsmey, Yaroslav Lyubinets, Oleg Denis, Yuriy Vasylyk, and Taras Verveha are co-owners of the IT services company SoftServe; Harry Propper serves as CEO.
NewVision Software is an IT consulting and technology services company specializing in software development, intelligent managed services, product engineering, and agentic assurance. NewVision Software’s headquarters are located in Pune, India.
