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November 22, 2024

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Tag : acquisition

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Bentley Systems Acquires Power Line Systems for USD 700mn

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Power Line Systems is in the business of creating engineering tools for overhead power line structures and its software can integrate transmission-grade sophistication enabling an even intensive reach of 5G. November 25, 2021 Bentley Systems, the infrastructure engineering software company, has signed an agreement with TA Associates, a private equity......
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Suprajit Engineering to Acquire LDC Unit of Kongsberg Automotive for USD 42 million

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The LDC unit of Kongsberg Automotive Group consists of the cable business which is catering to segments like automotive, non-automotive, and two-wheelers in addition to Electro-Mechanical Actuators. The acqusition is expected to be concluded by the end of January 2022. November 11, 2021 Bengaluru-based automotive component supplier Suprajit Engineering has......
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Hindalco Industries to Acquire Ryker Base for INR 323 Crore

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The acquisition will strengthen Hindalco’s copper rod capacity along with providing the “time-to-market” advantage. November 11, 2021 Aditya Birla Group-owned Hindalco Industries has announced to acquire 100 percent equity in Polycab India’s wholly-owned subsidiary – Ryker Base for an enterprise value of INR 323 crore. In a regulatory filing submitted......
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Sampsistemi Srl’s Assets to be Sold to HVD Partners via Italian Court Bid

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HVD Partners is to acquire the assets of Sampsistemi (SAMP) and Sampsistemi Extrusion as part of a scheme of arrangement administered by the Court of Bologna. July 23, 2021 HVD Partners has reached an agreement with creditors and has won a competitive bid by the Court of Bologna to acquire......
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Sterlite Technologies Records Robust Results, Revenue Stands at Rs. 1309 Crore for Q1FY22

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In the first quarter of the present financial year, the company has undertaken a new acquisition to expand its network integration capabilities in Europe. The investments in UK and US have been made with the objective to augment local presence in optical fibre. Further, there has been a healthy order......
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Polycab to Acquire Silvan Innovation Labs Private Limited

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Silvan is a technology company focused on providing cutting-edge automation offerings for homes, offices, banks, retail outlets, hotels, and other spaces. Polycab’s latest acquisition has pioneered the concept of home automation in the Indian residential building market and has a proven track record with many prominent real estate developers. June......
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Kalpataru Power Transmission Arm Acquires 51% Stake in Fasttel

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In February this year, the wholly-owned subsidiary of Kalpataru Power in Brazil had signed a definitive agreement to acquire a 51 percent stake in Fasttel Engenharia Ltd. April 14, 2021 Kalpataru Power Transmission Limited (KPTL) has announced that its arm Kalpataru Power Do Brasil Participacoes, Brazil, has completed the acquisition......
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Adani Transmission to Acquire Warora-Kurnool Transmission From Essel Enterprise Value of INR 3370 Crore

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The acquisition is in sync with Adani Transmission strategy to enhance the value for its stakeholders, through organic as well as inorganic opportunities. March 27, 2021 Adani Transmission Limited (ATL), India’s largest private sector power transmission and retail Distribution Company, has signed definitive agreements with Essel InfraProjects Limited (EIL) for......
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HFCL to Acquire 50 Percent Stake of Nimpaa Telecommunications

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HFCL will pay cash consideration of INR 1 crore for acquiring 50 percent of the diluted paid-up equity share capital of Nimpaa Telecommunications (Nimpaa). The acquisition will be completed by April 2021. March 16, 2021 HFCL Ltd. plans to acquire up to 50 percent stake in Nimpaa Telecommunications — keeping......
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Torrent Power, the highest bidder for Dadra Nagar Haveli, Daman & Diu discoms

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With the acquisition of a 51% stake, Torrent Power is also looking to participate in new opportunities coming up in the sector in renewable generation, transmission, and privatization. February 22, 2021 Ahmedabad-based Torrent Power Limited has emerged as the highest bidder for the sale of 51 percent stake in the......
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