Siemens AG (SIEGn.DE), Europe’s biggest industrial group, is nearing a deal to buy Mentor Graphics Corp (MENT.O), which makes software for designing semiconductors, for $4.5 billion to $4.6 billion in cash...
L&T plans to raise $500 million via QIP
MUMBAI: Engineering and construction conglomerate Larsen and Toubro (L&T) plans to raise as much as $500 million (Rs 3,350 crore) by selling shares to institutional investors, joining the league of a group of large...
Oceaneering completes acquisition of Blue Ocean Technologies
Oceaneering International Inc : * Oceaneering completes acquisition of Blue Ocean Technologies, expanding subsea services into riserless light well intervention * Oceaneering International Inc says deal for...
Stanley Black & Decker to Buy Newell Tools for $1.95 Billion
Stanley Black & Decker Inc agreed to buy Newell Brands Inc.’s tools business for $1.95 billion in cash, helping the workshop giant push deeper into consumer and industrial equipment. Stanley will gain the Irwin...
KKR in talks to buy stake in L&T Valves
MUMBAI: American private equity firm KKR has emerged as a frontrunner to buy a large stake in Larsen & Toubro’s industrial valves unit, a source familiar with the matter told TOI. The deal, if closed, will be...
Schneider Electric to invest Rs 750 cr in India
NEW DELHI: Schneider Electric, a specialist in energy management and automation, today said that it plans to pump in Rs 750 crore in India over the next three to five years in research and development (R&D)...
Swiss infrastructure major ABB looking at India for M&A: Global CEO
ZURICH: Even as the Narendra Modi government pushes for the infrastructure sector in India, Swiss infrastructure major, ABB, is looking at mergers and acquisitions to tap the growth in the company. “All of our...
Suprajit Engineering extends rally on acquisition of US firm
Suprajit Engineering has rallied 18% to Rs 234, extending its 5% gain in past three trading sessions, after the auto parts maker announced the acquisition of Wescon Controls, a US-based control cables maker, an...
Suprajit Engineering buys out US’s Wescon Controls for $44.4 million
New Delhi: Auto parts maker Suprajit Engineering Ltd Monday said that it has bought Wescon Controls, a US-based control cables maker, from Shell Topco Lp for an enterprise value of $44.4 million (about Rs295 crore)...
Arpwood-controlled Senvion to buy Kenersys from Bharat Forge founders
MUMBAI: Senvion, the German wind turbine maker, partly owned by India’s Arpwood Capital and US buyouts firm Centrebridge Partners has agreed to buy wind turbine inventory and the service operations of Kenersys, a...
Tata Motors to divest stake in Tata Technologies
Tata Motors might divest part of its stake in its subsidiary Tata Technologies. Addressing shareholders at Tata Motors’ 71st annual general meeting, Chairman Cyrus Mistry said that while there were no plans for an...
Tata Technologies plans to acquire companies to expand its defence footprint
Tata Technologies CEO Warren Harris says the company expects a revenue of about $200 million from these acquisitions. New Delhi. Tata Technologies Ltd plans to acquire companies to expand its defence footprint over the...
