American appliance manufacturer Whirlpool Corp on Thursday sold an 11.2% stake in its Indian listed unit, Whirlpool of India, through bulk deals as part of a plan to reduce its shareholding to around 20% from 51%...
IL JIN (an Amber subsidiary) acquires further stake in Unitronics
IL JIN Electronics (India) (IL JIN), a material subsidiary of Amber Enterprises India, has further acquired (Indirect) ordinary shares (0.96% stake) of Unitronics (1989) (R”G) (Unitronics) through ILJIN Holding...
Amber Enterprises to acquire majority stake in PCB maker Shogini Technoarts
Electronics manufacturer Amber Enterprises has entered into a definitive agreement with Pune-based Shogini Technoarts to purchase a majority stake in the company. The agreement is with Amber’s subsidiary IL JIN...
Switzerland’s Cicor buys sites from Valtronic, securing US foothold
Swiss electronics company Cicor said on Tuesday it has agreed to acquire two production sites from Swiss peer Valtronic in Cleveland, Ohio, and in Morocco, which gives the firm its first U.S. location and expands its...
Britain’s Smiths Group to sell interconnect unit to Koch’s Molex in $1.75 billion deal
Smiths Group said on Thursday it will sell its interconnect unit to U.S. electronic components maker Molex Electronic in a deal valued at 1.3 billion pounds ($1.75 billion), after facing investor pressure to break up...
Tata Electronics acquires India unit from Chinese iPhone supplier Justech: CNBC report
Tata Electronics has acquired the Indian unit of Chinese iPhone supplier Justech Precision for about $100 million, CNBC reported, citing people familiar with the development. The acquisition coincides with Tata...
LG Electronics to sell 15% stake in Indian unit under IPO process
LG Electronics, South Korea’s leading home appliance maker, said on Tuesday it expects to complete the initial public offering (IPO) of its Indian subsidiary as early as next month to secure funding for future...
TPG beats Advent to emerge frontrunner for Tessolve stake; to invest $140–150 million
TPG Inc has emerged as the frontrunner to buy a significant minority stake in Tessolve, the semiconductor design and engineering company majority owned by Hero Electronix, people familiar with the matter told ET...
Wipro and Warburg amplify talks for Harman India arm
Global private equity firm Warburg Pincus and Wipro Technologies are in advanced negotiations to acquire the digital transformation solutions (DTS) business of US-headquartered audio and connected technologies firm...
Bosch acquires majority stake in JCHAI, becomes major player in India’s AC market
Robert Bosch Gmbh is set to get a bigger foothold in India’s home appliances market, with the German giant taking control of AC maker Johnson Controls-Hitachi Air Conditioning India (JCHAI). Bosch bought a 74.2%...
Schneider to buy remaining 35% in India JV from Temasek
Schneider Electric, the global major in energy management and automation, on Wednesday said it will acquire the remaining 35% stake in Schneider Electric India Private Limited from Singapore’s Temasek for 5.5...
Amber Group buys over 40% in Israel’s Unitronics
Electronics manufacturer Amber Group has signed definitive agreements to take a 40.24% controlling stake in Israel-based Unitronics, a global player in industrial automations and control systems, for more than ₹400...
