PHINIA Inc., a global leader in premium fuel systems, electrical systems, and aftermarket solutions, has announced the successful completion of its acquisition of Swedish Electromagnet Invest AB (publ). SEM is a century-old specialist in advanced ignition systems for natural gas, hydrogen, and other alternative fuels, as well as in injector stators and linear position sensors […]
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Iveco Group N.V., a European leader in commercial vehicles and mobility, and Tata Motors have reached an agreement to create a commercial vehicles group with the reach, product portfolio and industrial capability to be a global champion in this dynamic sector. The envisaged recommended voluntary tender offer will be made by TML CV Holdings PTE […]
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Parker Hannifin Corporation, the global leader in motion and control technologies, announced that it has agreed to acquire Curtis Instruments, Inc. from Rehlko for approximately $1 billion in cash. The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close by the end of 2025. Curtis Instruments designs and manufactures […]
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Shriram Pistons & Rings Limited (“SPRL”), one of India’s most recognised auto component manufacturing company, has announced to acquire 100% shareholding in TGPEL Precision Engineering Limited formerly known as Timex Group Precision Engineering Limited (“TGPEL”) through its wholly owned subsidiary, SPR Engenious Limited (“SEL”). This deal will mark one more step towards SPRL’s focus to consolidate and strengthen its position into the manufacturing of the high precision injection moulded components. Proposed […]
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In a groundbreaking development, Mufin Green Finance, a leading NBFC spearheading in Green financing, proudly announces the acquisition of a 20% stake in UrjaMobility, forging a strategic partnership to revolutionize the electric mobility sector, focusing on the integration of cutting-edge Li-Ion batteries that provide robust control for any fintech platform. The cornerstone of this collaboration is the […]
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In a strategic move to bolster its presence in the Electric Vehicle (EV) segment, Gulf Oil Lubricants India Limited (GOLIL), a Hinduja Group Company, announced to acquire controlling stake in Tirex Transmission Pvt Limited for ~ INR 103 Crores subject to the completion of definitive agreements and the satisfaction of predetermined closing conditions. This is […]
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Ashok Leyland, the Indian flagship of the Hinduja Group, today announced that its Board has approved the acquisition of 100% of Ohm Global Mobility Private Ltd (OHM) from OHM International Mobility Ltd for a nominal consideration of Rs 1 lakh. As the company is yet to become operational the consideration was nominal. With this move, OHM […]
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BorgWarner Inc. and Hubei Surpass Sun Electric (SSE) announced that they have entered into an Equity Transfer Agreement under which BorgWarner has agreed to acquire the Electric Vehicle Solution, Smart Grid and Smart Energy businesses of SSE. The transaction has an enterprise value of up to RMB 410 million, of which approximately RMB 267 million […]
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The Board of Directors of Ramkrishna Forgings Limited (“Company”), one of the leading suppliers of rolled, forged, and machined products has approved an investment to acquire upto 51% voting rights of TSUYO Manufacturing Private Limited (“TSUYO”), a Make-In-India start-up company engaged in powertrain solutions for electric vehicles. TSUYO currently manufactures powertrain solutions for electric […]
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Hinduja Tech (HT), a world-class engineering services company, acquired Drive System Design (DSD), an award-winning and globally trusted engineering consultancy known for developing innovative solutions for electrified propulsion systems. DSD currently provides advanced engineering to automotive, commercial vehicle, off-highway, defense and aviation industries from locations in the United Kingdom, the United States, and Asia. The […]
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