Endurance Technologies announced that Endurance Overseas Srl, Italy, subsidiary of the Company, has acquired 100% stake in Ingenia Automation Srl (Ingenia), Italy, with an effective date of 31 May, 2024. Ingenia, based...
Sidara raises proposed buyout offer for UK’s Wood Group for third time
Dubai-based engineering and consulting firm Sidara raised its proposed takeover offer for John Wood Group for the third time, saying that was its “final offer” for the British oilfield services and...
Schneider Electric ends deal talks with Bentley Systems
Schneider Electric said on Wednesday that its talks with U.S. engineering software maker Bentley Systems regarding a potential “strategic transaction” have ended. “Those discussions are now mutually...
Balu Forge Industries acquires 72,000-tonne forging lines in Karnataka
Balu Forge Industries Ltd (BFIL) has acquired three forging lines having a combined capacity of producing 72,000 tonnes of heavy forged products annually for an undisclosed amount. The units are located in Karnataka...
Siemens to sell drive division to KPS for $3 billion, sources
Germany’s Siemens will sell its Innomotics large motors and drives division to financial investor KPS Capital Partners for 3 billion euros ($3.25 billion), two sources familiar with the matter said on Wednesday...
Salasar Techno Engineering completes acquisition of EMC for Rs 178 crore
Salasar Techno Engineering Ltd (STEL) on Wednesday said it has paid Rs 168 crore as balance payment to complete the acquisition of EMC Ltd through an insolvency process. The total acquisition cost of the engineering...
UK’s Wood Group rejects engineering firm Sidara’s 1.4 bln pound bid
British oilfield services and engineering firm John Wood Group rejected a potential 1.42 billion pound ($1.77 billion) buyout proposal from Dubai-based firm Sidara on Wednesday, saying it “undervalued Wood and its...
Raymond’s board approves demerger of engineering biz for its foray into aerospace, defence, EV
The boards of various businesses of Raymond have given their nod for demerger of their engineering business to enable the company’s and newly acquired Maini Precision Product’s foray into certain sunrise...
NCLT admits insolvency resolution plea against listed infra firm Sadbhav Engineering
The Ahmedabad bench of the National Company Law Tribunal (NCLT) has admitted the listed road infrastructure company, Sadbhav Engineering, under the corporate insolvency resolution process in an application filed by its...
Schneider Electric confirms Bentley Systems talks
Schneider Electric is in talks with U.S. engineering software producer Bentley Systems over a potential “strategic transaction”, it said on Friday without elaborating, sending the French company’s...
Protos, Paharpur Cooling get CCI nod to raise stake in Thyssenkrupp India
The Competition Commission of India (CCI) said on Tuesday it has cleared the acquisition of additional stake in Thyssenkrupp Industries India by Protos Engineering Company and Paharpur Cooling Towers. Thyssenkrupp...
Board of Aeroflex Industries approves acquisition of Hyd-Air Engineering
At meeting held on 02 April 2024 The Board of Directors of Aeroflex Industries at its meeting held today i.e. 02 April 2024 has approved to acquire 100% of the issued and paid-up share capital of Hyd-Air Engineering...
