Italy’s Prysmian has agreed to buy U.S. connectivity device manufacturer Channell Commercial Corp for up to $1.15 billion, the world’s largest cable maker said on Tuesday. The deal, which comes less than a...
Alstom to sell German plant to defence equipment maker KNDS
French train maker Alstom has agreed to sell its Görlitz plant in Germany to defence equipment maker KNDS, the companies said on Wednesday. KNDS will start using the plant this year to produce assemblies for the Leopard...
Japan’s Nidec targets Makino Milling in $1.6 billion unsolicited bid
Japanese manufacturing giant Nidec said on Friday it planned to launch a 257 billion yen ($1.6 billion) bid for Makino Milling Machine, a surprise unsolicited takeover offer in a country better known for agreed deals...
Germany, state gov’t likely to take 80% stake in shipbuilder, say sources
The German government and state of Lower Saxony are likely to acquire about 80% of Meyer Werft to secure the future of the company, one of the world’s largest cruise shipbuilders, two sources familiar with the...
Industrial equipment maker IDEX to buy Mott Corp for $1 billion
Industrial equipment maker IDEX Corp said on Tuesday it would buy filtration products maker Mott Corp for $1 billion in cash as it looks to bolster its presence in the medical technologies industry. Founded in 1959...
Bosch to buy Johnson Controls air-conditioning assets in $8 billion deal
Robert Bosch has agreed to acquire Johnson Controls’ and Hitachi’s residential ventilation businesses for $8 billion, it said on Tuesday, in what will be the German engineering group’s largest takeover...
Spanish train maker Talgo receives merger offer from Czech rival Skoda
Spanish train maker Talgo said on Tuesday it received a merger offer from Czech rival Skoda four months after Hungarian consortium Ganz-Mavag launched a public tender offer for all Talgo shares. Skoda, which is...
Integra Essentia announces merger with G G Engineering
Integra Essentia announced that the board of directors have approved the scheme of amalgamation of Integra Essentia (transferee company) and G G Engineering (transferor company). Integra Essentia shall issue and allot...
Apollo to pay $11 bln for 49% of Intel Ireland factory joint venture
Buyout firm Apollo Global Management will acquire a 49% equity interest in a joint venture related to Intel’s new manufacturing facility in Ireland for $11 billion, the companies said on Tuesday. Apollo will...
BDT & MSD Partners explores $5 bln sale of Alliance Laundry -sources
Merchant bank BDT & MSD Partners, the owner of Alliance Laundry Systems, is exploring a sale of the U.S. laundry equipment manufacturer that could value it at nearly $5 billion, including debt, according to people...
Jet maker Textron seeks fuel systems unit sale
Textron Inc, the manufacturer of Bell helicopters and Cessna jets, has revived efforts it ended four years ago to sell a business that makes fuel tanks for cars and is worth in excess of $1 billion, according to people...
KKR to take machinery maker Circor private in $1.6 bn deal, stock up 49%
KKR & Co Inc said on Monday it will buy industrial machinery maker Circor International Inc in a $1.6-billion deal and take it private, as the private equity firm looks to double down on investments in the flow...
