Washington area business diary for week of Aug. 12

August 11, 2013

Short takes on the week's announcements and deals.

Acquisitions

District-based science and technology conglomerate Danaher said it has acquired Garden Grove, Calif.-based GPS and fleet-management software developer Teletrac from private equity firm Vector Capital. Terms were not disclosed.

Rockville-based pharmaceutical company Emergent BioSolutions said it has closed on its previously announced $26 million acquisition of the health care products division of New Jersey-based Bracco Diagnostics.

Bethesda-based LaSalle Hotel Properties said it has acquired the 131-room Harbor Court Hotel and the 140-room Hotel Triton, both in San Francisco, for $47.8 million.

Contracts

McLean-based Capital One Financial said it has signed a multi-year extension of its private label credit card program agreement with Dallas-based Neiman Marcus.

Expansions

Columbia-based marketing services company Merkle said it will open an office in Nanjing, China, the company’s second one in that country.

Name changes

Reston-based Custom Briefings, which delivers tailored news to its clients, said it has changed its name to Bulletin Media and changed its Web site address to www.bulletinmedia.com.

Start-ups

Alexandria-based mobile fashion start-up Pinxter said it has released its first iPhone app, which gives users instant feedback on fashion decisions. Pinxter was founded by Sergei Dubograev and Dimitry Semiryazhko and is backed by an investor group led by Cal Simmons, the head of the D.C. chapter of Tiger 21, a club for angel investors.

— Compiled by Shawn Selby

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