Indian industrial tool manufacturer JK Files is in talks to take over Turkey’s Makina Takim, two people familiar with the situation told Reuters. Makina Takim’s parent Gozde Girisim put its 83% stake in the company...
Pumps and valves maker Crane makes $894-million hostile bid for rival Circor
U.S. industrial manufacturer Crane Co on Tuesday made a hostile takeover bid for smaller rival Circor International Inc for about $894 million, after an earlier offer was rejected by Circor’s board. Crane’s cash offer...
Private equity firm ADV Partners buys Tata DLT
Tata International and Sri Lanka-based Dutch Lanka Trailer Manufacturers (DLTM) are about to sell their 50-50 joint venture company Tata International DLT (Tata DLT) to Canyon Point Investment, a wholly-owned subsidiary...
Welspun Corp contemplating proposal to buyback equity shares at face value
Welspun Corp Ltd, the flagship firm of the Welspun Group, Friday said its board will meet next week to consider buyback of shares. A board meeting of the company will be held on May 14, 2019 to consider proposal...
Atlas Copco to buy cryogenics business from Brooks in $675 million deal
Swedish compressor and vacuum pump maker Atlas Copco is buying U.S.-based Brooks Automation’s cryogenic business in a $675 million cash deal to expand its vacuum technology portfolio, the companies said late on Monday...
Germany’s Knorr Bremse to decide on IPO in September: Boersen-Zeitung
German brake systems maker Knorr-Bremse will decide on a possible stock market flotation in September, Chief Financial Officer Ralph Heuwing told German daily Boersen-Zeitung. “As soon as everyone is back from vacation...
Exide Industries to acquire Tudor’s factory in Gujarat
Industrial and automotive battery maker Exide Industries Ltd on Monday announced it had reached an agreement with Tudor India Pvt Ltd to acquire its factory in Gujarat at an undisclosed price that is expected to be less...
Alstom signs $3 billion agreement with GE to exit energy joint ventures
French manufacturing group Alstom (ALSO.PA) said on Thursday it had signed an agreement with General Electric (GE.N) to exit three joint ventures in return for a payment of 2.594 billion euros ($3.08 billion). The three...
KKR to invest Rs1,250 crore in Sintex unit
Sintex-BAPL Ltd, a subsidiary of Sintex Plastics Technology Pvt. Ltd, on Thursday said private equity fund KKR India and its affiliates have agreed to invest Rs1,250 crore in the company. Sintex-BAPL is part of the...
Xerox in talks for deal with Fujifilm – WSJ
Printer manufacturer Xerox Corp is in talks to do a deal with Japanese camera maker Fujifilm Holdings Corp that could include a change in control of Xerox, the Wall Street Journal reported on Wednesday, citing people...
ITC, JK Paper among potential suitors for Sirpur Paper Mills
Telangana-based Sirpur Paper Mills Ltd, which is in the middle of insolvency proceedings at the Hyderabad bench of the National Company Law Tribunal (NCLT), has received initial expressions of interest from several...
Hyundai Heavy Industries plans to raise $1.2 billion in sale of new shares
Hyundai Heavy Industries Co., the world’s second-biggest shipbuilder, plans to raise about 1.29 trillion won ($1.2 billion) selling new shares for working capital amid shrinking orders in the global industry. The...
