The industrial automation business of Wipro Infrastructure Engineering said it has signed definite agreement to acquire Linecraft.ai, a Pune based AI-enabled industry 4.0 company. Linecraft.ai harnesses the power of...
NCLT admits insolvency plea against infrastructure firm Valecha Engineering
A bankruptcy court in Mumbai has admitted listed infrastructure firm Valecha Engineering under the Corporate Insolvency Resolution Process (CIRP) and has appointed Anurag Kumar Sinha as the interim resolution...
KKR acquires Ness Digital Engineering for over $500 million
U.S. private equity firm KKR & Co. said on Thursday it signed a definitive agreement to buy 100 percent stake in Ness Digital Engineering, a digital services transformation company, from The Rohatyn Group. Although...
SEBI ORDER UNDER SECTION 11 OF SEBI ACT 1992 IN THE CASE OF INDEPENDENT DIRECTOR AND OTHERS FOR INSIDER TRADING IN CASE OF SUPRAJIT ENGINEERING LTD
Present proceedings have emanated from show cause notice dated July 06, 2020 (hereinafter referred to as “The SCN“) issued by the Securities and Exchange Board of India (hereinafter referred to as...
DSM announces 3.85 bln euro sale of engineering materials business
Dutch bioscience and foods company DSM announced the sale of its engineering materials subsidiary for 3.85 billion euros ($4.13 billion) to private equity firm Advent International and German chemicals company Lanxess...
NCLT admits petition for CIRP against EPC firm McNally Bharat Engineering
The Kolkata Bench of the National Company Law Tribunal (NCLT) on Friday admitted a petition to start an insolvency process against McNally Bharat Engineering Company Limited, the troubled engineering, procurement and...
Triveni Turbine arm to acquire 70% stake in S African firm TSE Engineering
Triveni Turbine on Wednesday said that its arm Mis Triveni Turbines DMCC has inked an agreement to acquire 70 per cent equity of TSE Engineering in South Africa for 11.9 million South African rands (around Rs. 6.17...
Reliance Infra submits resolution plan for Reliance Naval & Engineering
A company of Anil Ambani’s Reliance Group has submitted a resolution plan for another group firm, Reliance Naval & Engineering Ltd (RNEL), at a time when lenders have begun voting on two other proposals, two...
Carlyle to buy Switzerland’s AutoForm Engineering in $2 billion deal
U.S. private-equity firm Carlyle Group Inc. Wednesday struck a $2 billion deal to acquire AutoForm Engineering GmbH, a Switzerland-based industrial software provider. Carlyle is acquiring the business from smaller...
DuPont nears $5 billion deal to buy engineering materials maker Rogers – Bloomberg News
Industrial materials maker DuPont is in advanced talks to buy engineering materials maker Rogers Corp for about $5 billion, Bloomberg News reported on Monday, citing a person familiar with the matter. DuPont’s...
ST Engineering to buy Roper’s TransCore business for $2.68 billion cash
U.S.-based Roper Technologies Inc said on Sunday it has agreed to sell its TransCore business to Singapore Technologies Engineering Ltd for $2.68 billion. ST Engineering, a technology, defense and engineering group...
Engineering firm Motwane acquires Pune-based Telemetrics
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...