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...
Rolls-Royce in constructive talks with Spain over ITP Aero sale
British engineering company Rolls-Royce said it was in constructive talks with Spain over the sale of its Spanish unit ITP Aero, after a media report said Madrid could block the deal. Rolls-Royce is hoping to secure up...
Hitachi’s acquisition of GlobalLogic a bump up for Indian E&RD segment
The $31 billion engineering, research and development (E&RD) sector in India is in a jubilant mood with Japan’s Hitachi announcing the acquisition of US-based software development firm GlobalLogic for $9.6 billion...
GMM Pfaudler acquires a new plant in Ahmedabad in liquidation sale
Process equipment maker GMM Pfaudler on Tuesday acquired the manufacturing plant of heavy engineering firm HDO Technologies near Ahmedabad in a liquidation sale for a cash consideration of Rs 58.5 crore. The former is...
GE to wind down GE Capital after shedding jet-leasing unit
General Electric Co. Chief Executive Larry Culp is turning off the lights at GE Capital, a once-sprawling lender, and shedding debts that have hung over the industrial giant since the 2008 financial crisis. On...
