Banking And InsuranceCryptocurrencyDigital MarketingErpFood And BeveragesHealthcareLegalMarketing And AdvertisingMedia And EntertainmentMetals And MiningOil And GasRetailTelecom
Artificial IntelligenceBig DataCloudCyber SecurityE CommerceEducationGaming And VfxIT ServiceMobileNetworkingSAPScience And TechnologySecuritySoftwareStorage
CiscoDatabaseGoogleIBMJuniperM2MMicrosoftOracleOracleRed Hat
CEO ReviewCompany Review

The Silicon Review Asia

Pepsi is acquiring SodaStream, a Tel Aviv-based beverage company

Pepsi is acquiring SodaStream, a Tel Aviv-based beverage company

Pepsi has announced its plan to buy Tel Aviv-based beverage company SodaStream at a cost of $3.2 billion. The deal comes in the wake of consumer awareness about more sustainable in-home beverages, rather than opting for sugary beverages.

Pepsi products are currently present in more than 40 countries. To expand its reach globally, the acquisition can help Pepsi to diversify its portfolio. Hence, it has been unanimously approved by PepsiCo’s shareholders. As there is a huge shift towards online grocery shopping, the company wishes to focus more on the home market, but it has been a difficult catch till now. The acquisition is expected to be the game changer.

According to Indra Nooyi, the CEO of PepsiCo, PepsiCo and SodaStream is an inspired match.” SodaStream, an extraordinary company is offering great beverages option and also limiting the amount of waste generated. As the company strives for more nutritious products without any environmental damage, the acquisition can help PepsiCo to contribute towards the vision of a healthier, more sustainable planet.

After 24 years of her service to the second largest food and beverage business in the world by net revenue, Indira Nooyi has announced her plan to step down from her role as the CEO. She will remain as the chairwoman of the company for another six months. Under her leadership, Pepsi has added many feathers to its cap and has shifted to healthier options like Bubly. The SodaStream acquisition deal closing by January is another step towards a more healthy drink.


Pine Labs Reaffirms its Commitment to Indian Payments Space with Qfix Acquisition

HDFC Bank is Qfix's main distribution partner Pine Labs has announced that it has acquired Qfix, a Mumbai-based online payments startup. This acquisi...

Salesforce Expands into Thailand, Opens Office in Bangkok

Salesforce has announced permanent presence in Thailand by launching its new office in the country’s capital, Bangkok. The permanent presence wi...

GMLL is expected to soon add two more stores to its retail arm ‘Price Mantra’

Garment Mantra Lifestyle, a popular name in the Indian fashion retail segment, recently made an announcement that the company is expanding its retail ...

Tariff plans will cost higher from the next financial year as telecom companies are gearing up to increase rates

The ongoing Covid pandemic had significantly increased the number of mobile and internet users worldwide. The high amount of usage is expected to drop...