Samsung Electronics said on Wednesday it had agreed to buy Germany’s FlaktGroup for 1.5 billion euros ($1.68 billion) as it looks to meet growing demand for cooling of data centres used for artificial intelligence...
JBL maker Harman to sell controlling stake in India unit
Harman US, the maker of JBL, Harman Kardon and Infinity audio products, is in talks to sell a controlling stake in its Indian unit, three people aware of the matter said. The US company has approached global private...
Samsung Electronics says unit Harman acquires Masimo’s audio business for $350 mln
Samsung Electronics said on Wednesday its unit Harman International signed a deal to acquire U.S. firm Masimo’s audio business for $350 million. It plans to combine Masimo’s audio business with Harman to...
UK takeover panel gives Qualcomm more time to make bid for Alphawave
British semiconductor company Alphawave IP Group on Tuesday said the UK takeover panel has extended the deadline for a takeover offer by U.S. chipmaker Qualcomm to May 12. Alphawave said it is in discussions with...
Advent, Bain, TPG, others drawn to Whirlpool India
Advent International, Bain Capital, TPG, EQT, Carlyle and KKR are among private equity funds that have been sounded out on buying into Whirlpool’s India business as the US parent looks to pare its stake in the listed...
Sony considering chip unit spinoff, Bloomberg reports
Sony is considering a spinoff and listing of its semiconductor business as soon as this year, Bloomberg News reported, citing anonymous sources. The Japanese conglomerate may retain a minority stake in Sony...
After Sunil Mittal, Mukesh Ambani’s Reliance aims for Haier India stake
Mukesh Ambani-led Reliance Industries Ltd (RIL) has emerged as a key contender for a significant stake in the Indian operations of Chinese consumer electronics and appliance manufacturer Haier, which is seeking to...
Switzerland’s Cicor wins approval to buy parts of France’s Eolane
Swiss electronics company Cicor said on Friday its offer to buy parts of France’s Eolane Group has been accepted by the Paris Commercial Court, boosting its presence in France. In a statement, Cicor said the deal...
Whirlpool intends to reduce stake in India unit to about 20% in 2025
Home appliances maker Whirlpool of India said on Thursday its parent Whirlpool Corp intends to reduce its stake in the company to about 20% this year via market sale. Whirlpool Corp in its fourth-quarter earnings...
Russian state ‘military’ bank in talks to buy electronics giant, newspapers say
A state-owned Russian bank linked to the defence sector is in talks to buy Russian consumer electronics retailer M.Video-Eldorado, the Kommersant and Vedomosti newspapers reported late on Monday, citing sources familiar...
Tata Electronics acquires 60 pc stake in Pegatron Technology India
Tata Electronics Pvt Ltd (TEPL) on Friday announced the acquisition of a controlling 60 per cent stake in Pegatron Technology India. The company, in a release, said that the acquisition cements TEPL’s position as...
Tata Electronics gets CCI’s clearance to acquire majority stake in Pegatron India
The Competition Commission of India (CCI) on Tuesday approved Tata Electronics’ proposal to acquire a majority stake in Apple’s contract manufacturer Pegatron Technology India. Tata Electronics Pvt Ltd...
