The Kerala government today allowed Bharat Heavy Electricals Limited (BHEL) to exit the joint venture (JV) with State-run Electrical Machines Ltd. at Kasaragod. A decision in this regard was taken at a high-level...
McNally Bharat may seek board approval to raise Rs500 crore for expansion
After five years, Williamson Magor Group-controlled McNally Bharat Engineering Co. Ltd is again looking to secure new orders, even as the company races against time to conclude around 70 pending projects within the...
Tata Technologies buys Swedish engineering and design firm Escenda Engineering for undisclosed amount
Tata Technologies, an engineering services company, said it will acquire Swedish engineering and design firm Escenda Engineering AB for an undisclosed amount to expand its presence in Europe’s automotive and...
SNC-Lavalin Steps Up Deal Push With $2.6 Billion Atkins Bid
SNC-Lavalin Group Inc. is holding talks to buy WS Atkins Plc of the U.K. for 2.08 billion pounds ($2.6 billion) as Canada’s biggest engineering and construction company looks to expand its global reach with a record...
Havells-Lloyd deal: Why are investors unimpressed?
Investors weren’t impressed with the Rs1,600 crore deal between Havells India Ltd and Lloyd Electric and Engineering Ltd. Shares of both companies fell on Monday—Lloyd’s shares dropped as much as 17.1% and Havells’s...
Havells acquires consumer biz of Lloyd Electric for Rs 1600 cr
HavellsBSE -1.15 % India, India’s leading makers of branded electrical products, has acquired the consumer durable business (CDB) of the Lloyd ElectricBSE -12.76 % and Engineering for an enterprise value of Rs...
We don’t do acquisitions to become number one, says Motherson Sumi chairman
The country’s biggest automobile component maker Motherson Sumi has grown through acquisitions to nearly Rs 45,000 crore in revenue. Last month, it announced the acquisition of Finnish wiring harness company PKC for Rs...
L&T in French JV for missile system
The government’s military indigenisation plan has spawned another tie-up. Engineering and construction major Larsen & Toubro (L&T) announced a joint venture (JV) with France’s MBDA, a global leader in missile...
Cummins to explore sale of its filtration business – sources
Cummins Inc (CMI.N), a U.S. manufacturer of engines for large trucks, is preparing to explore the sale of a business that makes filters and coolants, potentially valuing it at more than $1.5 billion, according to people...
Siemens not planning any more big software acquisitions
MUNICH: German engineering group Siemens is not planning any more big purchases of industrial software makers, a person close to the company told Reuters. “We are pretty much done building the house of industry...
Tata Elxsi plans to drive growth through acquisitions
Engineering and industrial design services provider Tata Elxsi, a Tata Group company, plans to buy smaller companies in areas such automotive, media and healthcare, helping it grow the business faster. The over Rs1,000...
Tata Tech stake sale talks on; deal may take longer
Mumbai: Tata Motors Ltd has resumed looking for potential buyers for some of its stake in subsidiary Tata Technologies Ltd, two people familiar with the development said. A deal, however, may take longer with the top...
