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...
Siemens nears deal to buy Mentor Graphics – sources
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...
