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...
Punj Lloyd sells entire stake in Simon Carves Engineering for $2 million
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...
