Industrial Machinery / Equipment
DXP Enterprises, Inc. Announces Acquisition Of Alaska Pump & Supply, Inc.
DXP Enterprises, Inc. announced that the completion of the acquisition of Alaska Pump & Supply, Inc. (Alaska Pump), a distributor of pump products, process equipment and services for commercial, municipal and industrial applications within Alaska. Financial terms of the transactions were not disclosed. Signing of the definitive agreements occurred on July 1, 2013.
Cosmos Machinery Enterprises Ltd Announces Change Of CEO
Cosmos Machinery Enterprises Ltd announced that Mr. Wong Yiu Ming has resigned as the CEO and a member of the Nomination Committee of the Company with effect from July 1, 2013 and Mr. Tang Yu, Freeman, an executive director of the Company and a member of the Committee of Executive Directors of the Company, has been appointed as the CEO and a member of the Nomination Committee of the Company with effect from July 1, 2013.
Pursuit Dynamics Plc To Sell Pursuit Marine; In Reverse Takeover Talks-DJ
Dow Jones reported that Pursuit Dynamics Plc said it has entered into a conditional agreement to sell its U.K. subsidiary Pursuit Marine Drive Ltd., or PMD, to Cellulac Ltd. for up to GBP1 million , and that it is in advance-stage negotiations for an acquisition which would constitute a reverse takeover. In accordance with the AIM Rules, trading in the Company's ordinary shares have been suspended from 0630 GMT pending publication of an admission document by the Company, or an announcement that the proposed reverse acquisition is no longer proceeding. Should the proposed disposal proceed and the proposed acquisition not conclude, the Company will be treated as an investing company under AIM Rules and will send a circular seeking shareholders approval of an investing policy. A deposit of GBP50,000 in cash has already been paid for PMD to Pursuit Dynamics, or PDX; an additional GBP950,000 may become payable on December 31, or earlier, subject to certain milestones being met by Cellulac. Transaction also includes obligations to use reasonable endeavors to procure the transfer of two E.U. funded projects in biofuels and algae. Proceeds will be used for future opportunities to create value for shareholders. Upon completion of the proposed transaction, following approval at the general meeting, the Board will have eliminated almost all of the liabilities associated with PDX
Dalian Zhiyun Automation Co Ltd Announces FY 2013 H1 Net Profit Outlook
Dalian Zhiyun Automation Co Ltd announced that it expects its net profit for the first half of fiscal year (FY) 2013 to be RMB 16,000,000 to RMB 17,000,000, or to increase by 846.69% to 905.86%, compared to the net profit of the same period in FY 2012 (RMB 1,690,100). The Company cited the impact of increase in sales and gain on disposal of fixed assets as the main reasons for the forecast.
Hurco Companies Inc Acquires High Tech Italian Machine Tool Component Business
Hurco Companies Inc announced it has acquired the machine tool component business of LCM Srl, a designer and manufacturer of high-end electro-mechanical components and accessories for machine tools. Based in Italy, LCM has been producing and selling mechanical and electro-mechanical components for machine tools since 1986. LCM's team of technical experts has a wealth of knowledge in the design of direct drive electro-mechanical and torque technologies as well as quality control processes that ensure the reliability of their products while consistently meeting design specifications.
Sung Jin Geotec Co Ltd Appoints New CEO
Sung Jin Geotec Co Ltd announced that it has appointed Kang Chang Gyun as its new Chief Executive Officer, replacing Kim Jang Jin, effective July 1, 2013.
V Technology Co Ltd to Acquire Repair Equipment Business from
V Technology Co Ltd announced that it has signed a basic agreement with OMRON LASERFRONT INC, to acquire the repair equipment business for FPD and semiconductor from OMRON LASERFRONT INC, effective October 1, 2013.
Wooshin Systems Co Ltd Acquires DBI Inc.
Wooshin Systems Co Ltd announced that it has acquired 5,200,000 shares of DBI Inc., which is mainly engaged in the manufacturing, processing and sales of vehicle parts, for KRW 21 billion on July 1, 2013, to improve competitiveness and secure operating rights. After the transaction, the Company holds 5,200,000 shares, or 100% of DBI Inc.
IMA Industria Macchine Automatiche SpA Sells Entire Stake in Kilian to German Group Romaco-Reuters
Reuters reported that IMA Industria Macchine Automatiche SpA announced that it has sold for EUR 21 million its entire stake in Kilian to the German Group Romaco, controlled by the private equity fund Deutsche Beteiligungs AG. EUR 17 million will be regulated at the closing of the transaction, and the remaining amount will be transferred by the next fiscal year. Kilian operates in the production of tablet press machines within the pharmaceutic sector.
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Sector Summary
| Energy |  +0.36% |
| Basic Materials |  -0.49% |
| Industrials | -0.05% |
| Cyclical Goods & Services | +0.42% |
| Non-Cyclical Goods & Services | +0.01% |
| Financials | +0.13% |
| Healthcare | -0.10% |
| Technology | +0.54% |
| Telecoms | +0.34% |
| Utilities | -0.35% |
| DOW | 15,029.01 | +54.05 |
+0.36% |
| S&P 500 | 1,622.01 | +7.05 |
+0.44% |
| NASDAQ | 3,447.81 | +13.32 |
+0.39% |
| TR US Index | 147.27 | +0.62 |
+0.43% |
Analyst Research
| Report Title | Price |
|---|---|
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Provider: Edison Investment Research
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$10.00
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Provider: Edison Investment Research
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$10.00
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Provider: Bohai Securities Co.,Ltd.
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$35.00
|
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Provider: Auerbach Grayson & Co., Inc.
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$50.00
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Provider: Auerbach Grayson & Co., Inc.
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$25.00
|
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