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...
Promoter of Gravita India sells 4.6% stake for Rs 181 cr through open mkt
A promoter of Gravita India on Monday divested a 4.6 per cent stake through an open market transaction for Rs 181 crore. Rajat Agrawal (promoter) of Gravita India offloaded the shares. According to the block deal data...
CNH Industrial sells Russia business
Agricultural and construction machine maker CNH Industrial on Wednesday ceased its operations in Russia and said it sold its business in the region for about $60 million. In 2022, the Italian-American company halted...
Emerson Electric to buy National Instruments for $8.2 bln to deepen automation push
U.S. industrial conglomerate Emerson Electric Co agreed to buy National Instruments Corp (NATI.O) for $8.2 billion, capping a nearly yearlong pursuit of the measurement equipment maker. The $60-per-share cash offer...
