After Air India, the stage is set for the strategic sale of state-run Central Electronics Ltd (CEL). The government on Tuesday received financial bids for its stake in the entity. CEL is a pioneer in the country in the...
GE announces biggest acquisition under CEO Culp
General Electric Co on Thursday announced a $1.45 billion cash deal to acquire ultrasound company BK Medical to bolster its medical imaging business, signaling a shift away from the company’s exclusive focus on...
Blackstone to pay part of exit proceeds to Sona execs
Private equity firm Blackstone is seeking shareholder approval for an exit return incentive (ERI) plan that envisages to pay a compensation of 1-4% of the proceeds that Blackstone will generate from a future sale of its...
Siemens to buy rail software company Sqills in 550 million euro deal
Siemens is buying rail software company Sqills, the German engineering and technology company said on Thursday, its latest acquisition to expand into high growth markets outside its core activities. The trains-to...
Engineering firm Motwane acquires Pune-based Telemetrics
Engineering company Motwane on Tuesday announced completing acquisition of Telemetrics, which is into manufacturing of equipment that locates faults in cables and water pipelines. While Motwane is a Nashik-based...
EU antitrust regulators put probe into Cargotec, Konecranes merger on hold
EU antitrust regulators have suspended their investigation into the merger of Finnish engineering firm Konecranes and cargo handling machinery maker Cargotec, a European Commission filing showed on Thursday. The EU...
ABB buys Spanish robot maker in automation push
ABB has bought Spanish robot maker ASTI Mobile Robotics Group in the Swiss engineering company’s latest move to diversify its robotics business beyond its traditional automotive base. ABB’s robotics business has been...
Chinese antitrust regulator blocks Tencent’s $5.3 billion video games merger
China’s market regulator on Saturday said it would block Tencent Holdings Ltd’s plan to merge the country’s top two videogame streaming sites, Huya and DouYu, on antitrust grounds. Tencent first...
HDFC Bank acquires 7.4% stake in product engineering firm Virtuoso Infotech
Virtuoso Infotech Pvt. Ltd., an enterprise software solutions company, founded by Preeti Nahar and Yogesh Satpute, based out of Pune, India announced today the news of its first investment fundraise. India’s...
APM Terminals keen on buying Reliance Naval and Engineering
APM Terminals, the parent company of Gujarat Pipavav Terminals, is interested in acquiring Anil Ambani’s shipyard Reliance Naval and Engineering, which is currently undergoing a resolution process at the bankruptcy...
Siemens to acquire U.S.-based Supplyframe for $700 million
Germany’s Siemens on Monday said it signed an agreement to buy a U.S.-based Supplyframe for $700 million. “Supplyframe’s ecosystem and marketplace intelligence complements our industrial software portfolio perfectly and...
Bharat Forge acquires Nouveau Power as SPV for Sanghvi Forgings acquisition
Forging company Bharat Forge (BFL) on Thursday announced the acquisition of 100% stake in Nouveau Power & Infrastructure, a group company 100% owned by promoters of BFL. This is part of the resolution plan approved...
