MUMBAI: German capital goods major Siemens will get a stronghold in the Indian wind energy, where it had a late entry, after signing an agreement with Spain’s Gamesa to combine their wind energy business to create...
Siemens, Gamesa strike long-awaited wind merger deal
Germany’s Siemens (ETR:SIE) and Spain’s Gamesa (BME:GAM) today announced that following six months of negotiations they have signed a binding deal to merge their respective offshore and onshore wind power businesses...
Kedaara Capital in advanced talks to buy Sutures India stake
Mumbai: Domestic private equity fund Kedaara Capital has emerged as the front-runner for acquiring a minority stake in Sutures India Pvt. Ltd from the surgical equipment maker’s existing investor CX Partners, said two...
Siemens to pay $1 billion to Gamesa in wind units merger
Siemens AG will pay about $1 billion to Spain’s Gamesa in a deal to merge of the companies’ wind energy businesses, Bloomberg reported, citing sources. Gamesa will receive cash as a special dividend from the...
Cavium to buy network equipment maker QLogic for $1.36 billion
Chipmaker Cavium Inc said it would buy network equipment maker QLogic Corp for about $1.36 billion, as it looks to expand in the data center and storage market. The deal value includes about $355 million of...
Hexagon Acquires NESTIX Oy, a Leading Provider of Data-Centric Software Solutions for Managing and Optimising Steel Fabrication
Hexagon AB (STO:HEXAB), a leading global provider of information technologies that drive productivity and quality across geospatial and industrial enterprise applications, today announced the acquisition of NESTIX Oy, a...
Hero Cycles acquires 60% stake in Sri Lanka’s BSH Ventures
Hero Cycles today announced picking up of 60 per cent stake in Sri Lankan bicycle manufacturer BSH Ventures, its third major acquisition within six months, for an undisclosed sum. “The acquisition comes in line...
Michelin ties up with Snapdeal to sell tyres online
French tyre major Michelin on Monday tied up with online marketplace Snapdeal to sell its products through the e-commerce platform. “Snapdeal with its large subscriber base and pan India reach has been an obvious...
OnePlus partners Foxconn to start manufacturing in India
As it is looking at rapidly expanding into the Indian market, smartphone manufacturer OnePlus has partnered with contract manufacturer Foxconn to build its devices locally. The Chinese company is experimenting with its...
U.S. roofing maker GAF to acquire Denmark’s Icopal
GAF, the largest roofing manufacturer in North America, has agreed to acquire Danish peer Icopal A/S for about 1 billion euros ($1.08 billion), in a deal that will dramatically expand the privately held company’s...
Godrej & Boyce acquires 51% stake in home and accessories brand India Circus
Godrej & Boyce has acquired a 51 per cent stake in home and accessories brand India Circus, as part of its strategy to expand its lifestyle products business. Under Godrej, the brand created by designer Krsnaa...
Eicher Polaris JV launches nano UV at Rs 2.32 lakh
The joint venture company of Eicher Polaris today launched a compact utility vehicle Multix priced at Rs 232,850 (ex-showroom, Jaipur), which makes the five-seater compete directly against the Tata Nano. Powered by a...
