Blackstone Group Lp has acquired Chennai-based auto parts maker Comstar Automotive Technologies Pvt. Ltd for about Rs1,000 crore, according to two people aware of the development. Blackstone has acquired almost 100% of...
Precision Camshafts buys majority stake in German firm
Auto component maker Precision Camshafts today said it has acquired 76 percent stake in Germany-based MFT Motoren und Fahrzeugtechnik GmbH (MFT) for an undisclosed amount. Precision Camshafts acquired the company...
Liberty House highest bidder for Amtek Auto acquisition
Liberty House, part of Sanjeev Gupta’s global industrial group GFG Alliance, on Wednesday said it has emerged as the successful highest bidder for Amtek Auto Ltd, paving the way for the former’s entry into the Indian...
Motherson Sumi through subsidiary forms JV with Ossia Inc
Auto components major Motherson Sumi SystemsBSE 0.76 % Limited (MSSL) Tuesday said it has formed a joint-venture with Ossia through its subsidiary Samvardhana Motherson Automotive Systems Group BV. US-based Ossia is the...
Sandhar Technologies, Daeshin Machinery form auto component joint venture
Auto components maker Sandhar Technologies today said it has inked a joint venture with South Korea’s Daeshin Machinery for the manufacturing of parking brake lever and gear shifters. The 50:50 joint venture will...
Schaeffler to invest Rs 200 cr to set up new unit in Pune
Industrial and automotive component supplier SchaefflerBSE 0.47 % AG today announced an investment of Rs 200 crore to set up a manufacturing unit at Talegaon, Pune, along with a new research and development unit. The...
Emerson sweetens bid for Rockwell Automation to $29 billion
U.S. industrial automation equipment company Emerson Electric Co raised its cash-and-stock offer to acquire Rockwell Automation Inc to $29 billion on Thursday, ratcheting up pressure on its smaller peer to engage in...
Rockwell Automation rejects Emerson’s $27 billion takeover bid
Automation equipment maker Rockwell Automation Inc said on Tuesday it had rejected an unsolicited acquisition bid from bigger rival Emerson Electric Co for more than $27 billion, arguing that the offer undervalued the...
Delphi to buy self-driving tech startup nuTonomy for $450 million
Delphi Automotive Plc said on Tuesday it will buy self-driving car software startup nuTonomy for $450 million, helping to put automated vehicles using its technology into commercial use in 2019, a year earlier than...
Edelweiss ARC complains against IRP in Synergies Dooray case
Edelweiss Asset Reconstruction Co. Ltd has filed a complaint at the Insolvency and Bankruptcy Board of India against resolution professional Mamta Binani in the case of Synergies Dooray Automotive Ltd, alleging she...
Minda Corp. unit acquires EI Labs India
Auto component maker Minda Corp. on Friday said its subsidiary Minda SAI Ltd has fully acquired EI Labs India Pvt. Ltd for a consideration of Rs6.5 crore. Minda SAI has acquired 100% equity of EI Labs India from the...
Schaeffler to merge three Indian entities into a single firm
German industrial and automotive supplier Schaeffler Group on Wednesday announced a merger of its Indian entities in a bid to simplify its holding structure. “The Board of Directors of Schaeffler India Limited (formerly...
