Siemens has completed the sale of its Flender mechanical and electrical drive systems business to Carlyle Group for an enterprise value of 2.025 billion euros ($2.41 billion), the German engineering company said on...
AerCap confirms aircraft-leasing business talks with General Electric
Ireland’s AerCap Holdings NV on Tuesday confirmed ongoing discussions with General Electric Co to acquire its aircraft-leasing business. The U.S. business, known as GE Capital Aviation Services or GECAS, is one of the...
Jet leasing shake-up looms as AerCap and GE unit discuss tie-up
Aircraft leasing is poised for its biggest shake-up in almost a decade as its top two players, AerCap Holdings and General Electric Co’s GECAS, discuss a deal to forge an industry titan with more than 2,000 jets, people...
GE nears deal to combine aircraft-leasing unit with AerCap: report
General Electric Co is nearing a $30 billion-plus deal to combine its aircraft-leasing business with Ireland’s AerCap Holdings NV, the Wall Street Journal reported on Sunday citing people familiar with the matter...
Govt to sell 16% stake in IRCON to raise about Rs 662 crore
The government of India plans to sell up to 7.52 crore shares or 16 per cent stake in IRCON International through an offer for sale (OFS) on Wednesday and Thursday to raise about Rs 662 crore. The floor price of the...
L&T to invest in IT services, divest infra assets to be future ready: CEO SN Subrahmanyan
Engineering major Larsen & Toubro plans to invest more in technology services business to increase its share in the company’s portfolio, while exiting infrastructure assets where it is a developer, Managing Director...
GE T&D to sell global engineering operation division to GE India Industrial for Rs 87 crore
GE T&D India on Saturday said it has agreed to sell its Global Engineering Operations Division (India for Global) to GE India Industrial Private Ltd for a consideration of Rs 87.3 crore. “Subject to approval...
EIL shareholders approve ₹587 crore share buyback plan
Shareholders of state-owned Engineers India Ltd (EIL) have approved buyback of nearly 7 crore shares for about ₹587 crore with a view to return surplus cash to shareholders, the largest being the government of India. In...
Govt plans to sell up to 15% stake in IRCON International
The government is planning to sell up to 15 per cent of its stake in railway engineering company IRCON International Ltd through an offer-for-sale of shares, an official said. The government currently holds 89.18 per...
Cyient gets Australia’s FIRB clearance, acquisition of IG Partners done
IT and engineering services company Cyient on Friday said it has received nod from the Foreign Investment Review Board (FIRB) of Australia and has completed the acquisition of Australian consulting firm IG Partners. In...
Siemens agrees to sell Flender to Carlyle Group in $2.4 billion deal
Siemens has agreed to sell Flender to U.S. buyout group Carlyle Group in a deal valuing the mechanical drives business at 2.025 billion euros ($2.39 billion), the German engineering group said on Thursday. The sale is...
Siemens, Carlyle near $2.4 billion deal over Flender business: Bloomberg
U.S. buyout group Carlyle Group Inc is nearing an agreement to acquire Siemens AG’s mechanical drive arm Flender, for about 2 billion euros ($2.37 billion), Bloomberg News reported citing sources. Siemens and...
