Industrial Machinery & Equipment

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Success Holding Group International announces appointment of independent audit firm

2:03pm EDT

Success Holding Group International:Appoints RBSM, LLP as the independent auditing firm to aid us in our transition to a higher exchange.

Addtech buys Dafine Engineering

6:30am EDT

Addtech AB:Addtech acquires Dafine Engineering Oy.Acquisition is estimated to have a marginally positive effect on Addtech's earnings per share during the current financial year.The company has four employees and sales of around 2,5 million euros.

Vaahto Group Plc Oyj appoints Kalle Rasinmaki as new CEO

6:00am EDT

Vaahto Group Plc Oyj:Topi Karppanen, an acting CEO of Vaahto Group Plc Oyj, has finished his assignment on March 31, 2015.Kalle Rasinmaki has been appointed as a new CEO, starting on April 1, 2015.

Metso Oyj completes divestment of Process Automation Systems unit to Valmet

5:01am EDT

Metso Oyj:Says has taken a significant step in implementing its strategy by completing the divestment of its Process Automation Systems (PAS) business to Valmet.Enterprise value of the transaction was 340 million euros.Expects to book a significant capital gain in Q2 results.The sale of the PAS business to Valmet was originally announced on Jan. 15, 2015.

Valmet Corp completes acquisition of Process Automation Systems

5:01am EDT

Valmet Corp:Says has completed acquisition of Process Automation Systems business from Metso.Says has received necessary approvals from the competition authorities.Enterprise value of acquisition is 340 million euros, and it is financed with committed long-term financing.Acquired business forms Valmet's fourth business line, Automation.

T.N.C. Industrial changes general manager

2:23am EDT

T.N.C. Industrial Co Ltd:Changes general manager to Liu Zhongqi from Lin Hongxin, effective April 1.

NITTOKU ENGINEERING amends consolidated full-year outlook for FY 2015

Tuesday, 31 Mar 2015 11:30pm EDT

NITTOKU ENGINEERING CO LTD:Says the company reaffirmed the consolidated full-year outlook for revenue at 20,500 million yen for FY ending March 2015.Confirms the operating profit forecast at 2,300 million yen.Confirms the ordinary profit forecast at 2,350 million yen.Net profit forecast increased to 2,460 million yen from 1,500 million yen.Earnings per share increased to 136.15 yen from 83.02 yen.Comments the determined sale of property is the main reason for the forecast.

TongLing Zonfa Trinity Technology to set up joint venture

Tuesday, 31 Mar 2015 08:00pm EDT

TongLing Zonfa Trinity Technology Co Ltd:Says to invest 30 mln yuan to set up Shanghai-based investment fund joint venture, with a Shanghai-based investment management company.Joint venture with registered capital of 200 mln yuan and the company to hold 15 pct stake in it.

Han’s Laser Technology Industry Group issues Q1 2015 net profit outlook

Tuesday, 31 Mar 2015 08:00pm EDT

Han’s Laser Technology Industry Group Co., Ltd:Net profit for Q1 2015 to increase 120 pct to 150 pct, or to be 67,138,500 yuan to 76,293,800 yuan.Net profit of Q1 2014 was 30,517,500 yuan.Comments that order increase is the main reason for the forecast.

Intelligent Systems announces sale of ChemFree Corporation Subsidiary

Tuesday, 31 Mar 2015 04:30pm EDT

Intelligent Systems:Signs a Stock Purchase Agreement to sell its ChemFree Corporation subsidiary to CRC Industries, Inc., a privately held company, and simultaneously closed on the transaction as of the end of business March 31.Purchase price is about $21.6 mln cash subject to certain post-closing adjustments.Following the sale of ChemFree, the business of Intelligent Systems will consist primarily of its CoreCard Software subsidiary.Company will focus on the payments industry which it believes offers significant growth potential.Management will continue to explore various strategic alternatives that may include acquisitions or divestiture.Transaction offers a favorable outcome for the employees and the business of ChemFree as CRC has deep expertise in the industrial MRO and automotive aftermarket marketplaces.

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Analyst Research

Report Title Price
Provider: Edison Investment Research
$10.00
Provider: Edison Investment Research
$10.00
Provider: Auerbach Grayson & Co., Inc.
$50.00
Provider: Thomson Reuters StreetEvents
$39.00
Provider: GlobalData
$125.00

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