U.S. toolmaker Stanley Black & Decker Inc said on Wednesday it is acquiring Boeing Co supplier Consolidated Aerospace Manufacturing LLC (CAM) for as much as $1.5 billion, with a portion of the price contingent on...
BorgWarner to buy Delphi Technologies in $3.3 billion auto parts deal
BorgWarner Inc on Tuesday agreed to buy UK-based Delphi Technologies Plc in a $3.3 billion deal, as the U.S. auto parts maker positions itself to grab more sales in the fast-growing market for hybrid and electric...
UWIC collaborates with Japan’s YKK for windows, doors
The Japanese company representative Rajath Aggarwal said YKK was keen on expanding its foothold in India in collaboration with UWIC. Hyderabad headquartered building materials manufacturer UWIC Building Materials has...
France’s ENGIE to sell 74% stake in India business to Edelweiss’ fund
Energy firm Engie SA of France, one of the largest foreign solar power investors in India, said on Thursday that it will sell a 74% stake in its local solar business to Edelweiss Infrastructure Yield Plus (EIYP) fund...
Hexcel Corp and Woodward combine in merger valued at over $6 billion
Hexcel Corp, a composites technology company, and aircraft and industrial parts maker Woodward Inc said on Sunday they would combine in an all-stock merger of equals to create an integrated systems provider for the...
Volkswagen attracts bids for MAN Energy Solutions unit: sources
Volkswagen has attracted bids from Europe’s Innio, Japan’s Mitsubishi Heavy and U.S.-based Cummins for its MAN Energy Solutions, which makes diesel engines for ships and power generators, people close to the matter said...
Hyundai’s $1.8 billion deal with Daewoo hits EU antitrust hurdle
World No. 1 shipbuilding group Hyundai Heavy Industries Holdings Co Ltd’s $1.8 billion merger with rival Daewoo could inflate prices, EU antitrust regulators warned on Tuesday as they opened a full-scale investigation...
Japan’s Hoya to launch $1.4 billion counter-bid for Toshiba unit NuFlare
Japan’s Hoya Corp said on Friday it would make a $1.4 billion counter-bid for NuFlare Technology Inc in what could become a hostile offer for the Toshiba Corp unit, which the electronics conglomerate plans to buy out...
3M exploring $1 billion sale of drug delivery systems unit: Bloomberg
Industrial conglomerate 3M Co is exploring a sale of its drug delivery systems unit, which could fetch around $1 billion, Bloomberg reported on Friday, citing people with knowledge of the matter. The company is...
U.S. group Advent wins $5 billion battle for Britain’s Cobham
U.S. private equity firm Advent International won its battle to buy Britain’s Cobham for $5 billion on Monday, taking advantage of the weak pound to pounce on the defence and aerospace group that pioneered air-to-air...
Senvion says received no bids for entire business, layoffs from September
Bankrupt German wind turbine manufacturer Senvion said on Wednesday is that has not been successful in finding a buyer for all of its turbine business, and that layoffs are expected to occur from September. “We are now...
Lenders angry with Sanjeev Gupta for taking Liberty with top bids
When an insolvency appeals court ordered the liquidation of bankrupt Amtek Auto Ltd last week, lenders lost hope of recovering much of the dues worth ₹12,603 crore owed by the once thriving auto parts maker. Many of...
