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German cable support systems firm PUK-WERKE acquires majority stake in Profab Engineers

Manufacturing

20 February, 2014

German cable support systems firm PUK-WERKE acquires majority stake in Profab Engineers

Berlin-based PUK-WERKE KG Kunststoff-Stahlverarbeitung GmbH & Co has acquired controlling stake in Mumbai-based cable management company Profab Engineers Private Limited, ......

Hero Group's auto component firm Rockman to buy majority stake in Sargam Diecastings

Manufacturing

20 February, 2014

Hero Group's auto component firm Rockman to buy majority stake in Sargam Diecastings

Rockman Industries Ltd, a part of Hero Group, has entered into a definitive agreement to acquire majority stake in Chennai-based ......

IFC exits Coimbatore-based LG Balakrishnan at loss

Manufacturing

11 February, 2014

IFC exits Coimbatore-based LG Balakrishnan at loss

The International Finance Corporation, the private sector lending arm of the World Bank, has exited the Coimbatore-based auto component manufacturer LG Balakrishnan ......

Siemens gets board nod to acquire rail automation unit from parent for $9M

Manufacturing

31 January, 2014

Siemens gets board nod to acquire rail automation unit from parent for $9M

Siemens Ltd, the public listed Indian arm of the German conglomerate, said its board has approved a proposal to acquire ......

McNally Bharat's Singapore arm sells entire 41.66% stake in Hayward Tyler Group for $20.5M

Manufacturing

29 January, 2014

McNally Bharat's Singapore arm sells entire 41.66% stake in Hayward Tyler Group for $20.5M

McNally Bharat Engineering (MBE) Company Ltd's Singapore-based subsidiary MBE Mineral Technologies Pte Ltd has offloaded its entire holding of 41.66 ......

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Raj Bagri's investment arm part exits Tecpro with deep haircut after scoring multi-bagger in its IPO

Manufacturing

29 January, 2014

Raj Bagri's investment arm part exits Tecpro with deep haircut after scoring multi-bagger in its IPO

London-based Indian businessman Raj Bagri, who co-invested in material handling company Tecpro Systems along with private equity firm Avigo Capital ......

Pricol board approves merger of promoter group firm Xenos

Manufacturing

24 January, 2014

Pricol board approves merger of promoter group firm Xenos

The proposed merger of Coimbatore-based auto accessories maker Xenos Automotive Ltd with Pricol Ltd has been approved by the boards ......

Blackstone completes open offer to seal management buyout of Igarashi Motors

Manufacturing

17 January, 2014

Blackstone completes open offer to seal management buyout of Igarashi Motors

Private equity major Blackstone Group, along with auto parts maker Agile Electric Sub Assembly Pvt Ltd and other entities, has ......

Global Economic Advantage buys engineering solutions firm Samtel Engineering

Manufacturing

16 January, 2014

Global Economic Advantage buys engineering solutions firm Samtel Engineering

IT & engineering services company Global Economic Advantage Pvt Ltd has acquired Samtel Engineering and Sourcing Solutions Pvt Ltd, which ......

Bharat Forge sells entire 51.85% stake in Chinese JV to local partner for $28.2M

Manufacturing

13 January, 2014

Bharat Forge sells entire 51.85% stake in Chinese JV to local partner for $28.2M

The world's second-largest forgings company Bharat Forge Ltd, a part of diversified business conglomerate Kalyani group, has offloaded its entire ......