Electric component maker Atkore said on Thursday its board and management team are considering its options, including a sale or merger of the company, sending its shares down 15%. Bloomberg News had reported, in...
Atkore explores potential sale after activist pressure, Bloomberg News reports
Electric component maker Atkore is considering options including a potential sale after it came under activist investor pressure, Bloomberg News reported on Wednesday, citing people familiar with the matter...
Electrical component maker Hubbell to buy peer DMC Power for $825 million
Hubbell said on Tuesday it will acquire smaller peer DMC Power for $825 million in cash, as the electrical equipment maker bolsters its critical components portfolio to meet an expected boom in power demand. DMC designs...
Schneider said to be in talks to buy Temasek’s stake in Indian JV Schneider Electric
Schneider Electric SE is considering buying out the remaining stake in its India venture from minority partner Temasek Holdings Pte, according to people familiar with the matter. Schneider is in talks to buy the 35%...
Quality Power Electrical Equipments and Yash Highvoltage to acquire 100% stake in Sukrut Electric Company
Quality Power Electrical Equipments and Yash Highvoltage have jointly announced the signing of a Binding Term Sheet to acquire 100% stake in Sukrut Electric Company (SECPL), a Pune-based transformer component...
IonQ to buy Oxford Ionics for $1.08 billion to expand quantum computing research
IonQ will acquire its British peer Oxford Ionics for $1.08 billion, the companies said on Monday, helping the U.S.-based quantum computing firm deepen its research expertise in the complex technology that is seeing...
Qualcomm bypasses logic gate with $2 bln UK deal
Artificial intelligence is so fast-moving and potentially all-encompassing that it makes sense for technology giants to pay up just to stay relevant. Look at all the money Microsoft and Amazon.com have poured into large...
Spectris open to $5 billion takeover bid from Advent, shares soar
British scientific instruments maker Spectris (SXS.L) said it would accept a 3.73 billion pound ($5.06 billion) bid from Advent if the U.S. private equity firm proceeds with a formal offer, sending its shares surging by...
IndiGrid to acquire transmission, solar assets for Rs 2,100 cr
IndiGrid on Saturday said it will acquire ReNew Solar Aayan, a 300 MW (AC) solar project, and Koppal Narendra Transmission in two separate transactions for about Rs 2,108 crore. Inclusive of the adjustments, the...
Power Grid Corp Acquires MEL Power Transmission
State-owned Power Grid Corporation of India on Thursday announced the acquisition of MEL Power Transmission, a special purpose vehicle (SPV), from PFC Consulting, entailing an investment of Rs 558 crore. PFC Consulting...
ABB buys Siemens’s wiring accessories business in China
ABB has agreed to buy the wiring accessories business of German rival Siemens in China, the Swiss engineering group said on Friday. The acquisition will broaden ABB’s market reach and complement its regional...
WEC Energy to acquire majority stake in Dallas solar project
U.S. electric utility WEC Energy Group said on Monday it will acquire 90% ownership stake in a solar project located near Dallas, Texas for about $459 million. The 300-megawatt solar project Delilah I is developed by...
