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...
L&T board approves merger of L&T Hydrocarbon Engineering
Larsen & Toubro on Tuesday said its board has approved the amalgamation of the company’s wholly-owned arm L&T Hydrocarbon Engineering Ltd with the parent firm. The go-ahead was given in the meeting of the...
HDFC Bank acquires 7.4% stake in product engineering firm Virtuoso Infotech
Virtuoso Infotech Pvt. Ltd., an enterprise software solutions company, founded by Preeti Nahar and Yogesh Satpute, based out of Pune, India announced today the news of its first investment fundraise. India’s...
LTI to acquire digital engineering firm Cuelogic for $8.4 million
Larsen & Toubro Infotech Ltd. (LTI) said on Wednesday it has signed a definitive agreement to acquireCuelogic Technologies, a digital engineering and outsourced product development company, headquartered in Pune...
Accenture to acquire umlaut to boost data engineering capabilities
Global technology major Accenture Plc said on Tuesday it has agreed to acquire umlaut, an engineering consulting and services firm headquartered in Aachen, Germany. Financial details of the acquisition were not...