NEW DELHI: Punj Lloyd LtdBSE 5.08 % today said that its arm Pt Engineering Limited has sold its entire stake in UK-based Simon Carves Engineering to Engineers and Constructors International Inc for $2 million. “Pt...
Wipro Infrastructure to acquire Israel’s H R Givon
NEW DELHI: Wipro Infrastructure Engineering (WIN) will acquire Israel-based H R Givon, a supplier of metallic parts and assemblies to the aerospace industry, in an all-cash deal. WIN, however, did not disclose the size...
Hinduja’s Houghton International buys lubricant maker Wallover Enterprises
Mumbai: Houghton International Inc., a subsidiary of Hinduja Group-owned Gulf Oil International Ltd, has acquired Wallover Enterprises, an Ohio-headquartered lubricant maker, for an undisclosed amount. The acquisition...
Hitachi Zosen Eyes M&A to Beef Up Energy-From-Waste Business
Hitachi Zosen Corp., a Japanese builder of plants and bridges, is pursuing mergers and acquisitions as it seeks to strengthen its waste-to-energy plant business and expand to South Asia and the Middle East. The Osaka...
Gamesa’s merger with Siemens to create world’s biggest builder of windfarms
MUMBAI: German capital goods major Siemens will get a stronghold in the Indian wind energy, where it had a late entry, after signing an agreement with Spain’s Gamesa to combine their wind energy business to create...
Siemens, Gamesa strike long-awaited wind merger deal
Germany’s Siemens (ETR:SIE) and Spain’s Gamesa (BME:GAM) today announced that following six months of negotiations they have signed a binding deal to merge their respective offshore and onshore wind power businesses...
Centum Electronics aquires 51% stake of France’s Adetel Group
NEW DELHI: Centum ElectronicsBSE 0.09 % today announced acquisition of controlling stake in France’s Adetel Group. “Centum Electronics will hold 51 per cent controlling stake in Adetel Group, with an option...
Siemens to pay $1 billion to Gamesa in wind units merger
Siemens AG will pay about $1 billion to Spain’s Gamesa in a deal to merge of the companies’ wind energy businesses, Bloomberg reported, citing sources. Gamesa will receive cash as a special dividend from the...
McNally Bharat acquires German co
McNally Bharat Engineering Company Ltd has acquired the worldwide coal and minerals processing business and equipment manufacturing facility of KHD Humboldt Wedag, a German engineering company, for an undisclosed amount...
Defiance Tech scouting for buys
Defiance Tech, the Chennai-based engineering services company of the Hinduja Group, is set to establish an a centre in Bangalore. It is also on the lookout for acquisitions. The Bangalore centre would focus on aerospace...
Govt plans to sell 74% stake in HMT Bearings
The government is considering to offload up to 74% stake in HMT Bearings (HBL) and is also looking for joint venture partners in some other public sector enterprises (PSEs) in a bid to revive sick units. “The...
LIC hikes stake in Siemens up to 13%
Life Insurance Corporation of India has hiked its stake to 13.34 per cent in Siemens, a part of German conglomerate, after purchasing shares worth over Rs 213.25 crore, through an open market transaction. LIC has...
