Zydus said the acquisition, through a subsidiary, will provide access to advanced biologics manufacturing capabilities and establish a key presence in the leading global biotechnology hub of California. Zydus...
CCI Clears American Axle’s Acquisition of Dowlais
The Competition Commission of India has approved the proposed acquisition of 100% shareholding of Dowlais Group plc by American Axle & Manufacturing Holdings, Inc. The proposed combination entails the acquisition of...
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Motherson offers to acquire Marelli of Japan
A successful acquisition would mark a significant leap for Motherson, positioning the company among the world’s top automotive parts suppliers. (Source: LinkedIn) Indian auto parts supplier Motherson Group is set...
Lloyds Engineering acquires 77% stake in heavy fabrication firm Metalfab Hightech
Lloyds Engineering Works said that it has acquired a 76% stake in Metalfab Hightech for a consideration of Rs 28.41 crore, thereby strengthening its footprint in the high-growth heavy fabrication and equipment...
KPIT to buy Caresoft’s engineering solutions unit for $191 million
KPIT Technologies on Tuesday announced the acquisition of Caresoft Global’s engineering solutions business for a total consideration of up to $191 million. The buyout would strengthen KPIT’s commercial...
Honeywell to buy pump maker Sundyne for $2.16 billion
Honeywell International said on Tuesday it would buy pump-maker Sundyne from private-equity firm Warburg Pincus for $2.16 billion in cash, as the U.S. conglomerate strengthens its energy business ahead of a planned...
Siemens raises around $1.5 billion from selling Siemens Healthineers stake
German engineering company Siemens is selling a 2% stake in healthcare subsidiary Siemens Healthineers, it said on Wednesday, raising roughly 1.45 billion euros ($1.5 billion) that could help pay for its acquisition of...
Morgan Stanley buys 1.5% in Sterling & Wilson Renewable Energy
Investment banking firm Morgan Stanley on Tuesday bought a 1.5 per cent stake in Sterling and Wilson Renewable Energy for ₹103 crore through an open market transaction. Billionaire Mukesh Ambani’s Reliance New...
Kilburn Engineering completes acquisition of Monga Strayfield
Kilburn Engineering has completed the acquisition of Monga Strayfield, a global pioneer in radio frequency drying and heating technologies. The acquisition valued at Rs 123 crore will further strengthen Kilburn...
China’s Sany Heavy is considering stake sale in India business
Chinese construction-machinery maker Sany Heavy Industry Co. is considering selling a stake in its India business, according to people familiar with the matter. The company has held talks with prospective financial...
Honeywell considers spinning off aerospace business amid Elliott’s breakup push
Honeywell said on Monday it was considering a plan to separate its high-margin aerospace business, a move backed by activist investor Elliott Investment Management, which has been pushing for the company’s breakup...
Cargotec to sell cargo business to Triton for over $500 mln
Finnish engineering firm Cargotec Corp said on Thursday it would sell its cargo handler business MacGregor to European private equity firm Triton in a deal valued at 480 million euros ($506 million), including debt. The...
