Power equipment maker GE Vernova will buy France-based Alteia, which makes artificial intelligence-based tools that allow utility companies to review their grids, it said on Monday. GE Vernova already offers...
Trump blocks acquisition of equipment supplier Jupiter Systems by Hong Kong firm
President Donald Trump ordered the blocking of the acquisition of audiovisual equipment supplier Jupiter Systems by Hong Kong’s Suirui International after Suirui was found to be a national security risk, the U.S...
Honeywell Acquires Pump, Compressor Maker Sundyne for $2.2B
Honeywell has purchased one of the energy industry’s largest pump and compressor manufacturers, Sundyne, for $2.16 billion from private equity firm Warburg Pincus, Honeywell said on June 9. The move follows Honeywell’s...
IndiGrid to acquire transmission, solar assets for Rs 2,100 cr
IndiGrid on Saturday said it will acquire ReNew Solar Aayan, a 300 MW (AC) solar project, and Koppal Narendra Transmission in two separate transactions for about Rs 2,108 crore. Inclusive of the adjustments, the...
Power Grid Corp Acquires MEL Power Transmission
State-owned Power Grid Corporation of India on Thursday announced the acquisition of MEL Power Transmission, a special purpose vehicle (SPV), from PFC Consulting, entailing an investment of Rs 558 crore. PFC Consulting...
NETGEAR to acquire cybersecurity firm Exium for SASE integration
NETGEAR Inc. (NASDAQ:NTGR), known for its networking solutions and currently valued at $871 million, has entered into an agreement to acquire Exium, a cybersecurity company. This move is aimed at enhancing NETGEAR’s...
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...
Herc to buy H&E for $3.83 billion after rival United Rentals exits deal
Machinery rentals firm Herc Holdings has signed a deal to buy H&E Equipment Services for $3.83 billion, excluding debt, after H&E terminated its merger agreement with United Rentals, the companies said on...
Honeywell considering selling its COVID protective gear unit, Bloomberg News says
Honeywell International is considering selling its personal protective equipment (PPE) division in a deal that could value the unit at more than $2 billion, Bloomberg News reported on Tuesday, citing people familiar...
Bosch to buy TSI Semiconductors, invest $1.5 billion to expand US output
Germany’s Bosch Group said it is acquiring key assets of US chipmaker TSI Semiconductors. Bosch said on Wednesday it plans to invest $1.5 billion to retool TSI’s chip production facilities in Roseville...
Xerox drawn into duplicative Japanese fight
A company synonymous with copying should expect some duplication. Xerox has become aggressive since pushy investor Carl Icahn arrived on the scene. After rancorously blowing up a deal and ending a 57-year joint venture...
Hitachi makes $5 billion offer for full control of industrial gear unit
Hitachi Ltd said on Friday it would spend 531.1 billion yen ($4.84 billion) to take full control of listed industrial equipment unit Hitachi High-Technologies through a tender offer. The Japanese industrial conglomerate...
