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...
APM Terminals keen on buying Reliance Naval and Engineering
APM Terminals, the parent company of Gujarat Pipavav Terminals, is interested in acquiring Anil Ambani’s shipyard Reliance Naval and Engineering, which is currently undergoing a resolution process at the bankruptcy...
CAPITAL REDUCTION: A tool to give back surplus assets to shareholders or for financial reengineering!
Reduction of share capital is often resorted by companies for internal restructuring or altering their capital structure; it entails reduction of issued, subscribed and paid-up share capital (either equity shares or...
Cubic Corp receives $2.4 billion buyout offer from Singapore’s ST Engineering
Cubic Corp said on Monday it had received an unsolicited offer from Singapore’s ST Engineering to buy the company for about $2.4 billion, boosting the software maker’s shares to match the offer price of $76. ST...
Jindal Steel keen to acquire bankrupt Reliance Naval & Engineering
Jindal Steel & Power, India’s third-largest producer of the alloy by market value, and two other groups were the latest to express interest in bidding for Reliance Naval & Engineering, according to sources. For...
Hero Motors acquires strategic stake in Hewland Engineering for undisclosed amount
Auto components maker Hero Motors Company on Monday said it has acquired a strategic stake in UK-based transmission design technology firm, Hewland Engineering for an undisclosed sum. The acquisition will enable the...
GE T&D to sell global engineering operation division to GE India Industrial for Rs 87 crore
GE T&D India on Saturday said it has agreed to sell its Global Engineering Operations Division (India for Global) to GE India Industrial Private Ltd for a consideration of Rs 87.3 crore. “Subject to approval...
Jacobs Engineering to acquire majority stake in PA Consulting
Jacobs Engineering said on Monday it would acquire a 65% stake in PA Consulting, estimating the management consultancy firm at an enterprise value of 1.83 billion euros ($2.4 billion). The remaining 35% stake will be...
Japan’s Kyokuto Kaihatsu Kogyo acquires Bengaluru-based Satrac Engineering
Japan’s construction equipment manufacturer Kyokuto Kaihatsu Kogyo has acquired Satrac Engineering, a Bengaluru-based manufacturer of special-purpose vehicles such as truck tipper bodies, trailers, and tank trucks in...