Rectifier Technologies Ltd : Rectifier Technologies Ltd - Unipower exclusive distribution contract .As per deal, Unipower will have exclusive rights to RTP low voltage products in North America.
Alstom : Alstom, Acciona and Gulermak sign a contract with RTA for extension of Dubai metro's red line. . Total value of project, also called route 2020, is 2.6 billion euros. .Alstom's share represents half and civil works, led by Acciona including Gulermark, represent other half.
Transformers and Rectifiers (India) : Entered into a joint venture agreement with Jiangsu Jingke Smart Electric Company Limited (Jingke) . JV for starting the business of manufacturing,marketing of GIS/HGIS/TGIS systems and products for 220KV and below in India .TRIL will hold 60 percent of JV and balance by Jingke.
Anhui Sinonet and Xinlong Science and Technology Co., Ltd.<002298.SZ>:Says its unit plans to raise 51 percent stake in Heilongjiang-based network technology firm, up from 0 percent.
AQ Group AB : Says has signed agreement with Gerdins Holding AB to acquire 100 pct of shares of Gerdins Industrial System AB with subsidiaries . Purchase price consists of 81.5 million Swedish crowns ($9.58 million) in cash plus 260,000 shares of AQ Group and an earnout which can be expected to be about 12 million crowns, based on 50 pct of profit after tax for 2016 .Possession is expected on Oct. 3, 2016.
BHARAT HEAVY ELECTRICALS LIMITED: BHEL signs MoU with Government of India .
Gunkul Engineering PCL : Board approved investment in solar power plant,kentos project, utsunomiya city, tochigi province, Japan with capacity at 66.78 mw . Total value of transaction is around 8.39 billion baht . Deal to support growth in assets, profits and cash flow of co for consecutive 20 yrs with expected eirr at 10%-15% throughout investment period .
AQ Group AB : Says has signed a Letter of Intent with Gerdins Holding AB to acquire 100 pct of shares of Gerdins Industrial System AB with subsidiaries . Preliminary purchase price consists of 81.5 million Swedish crowns ($9.73 million) in cash plus 260,000 shares of AQ Group and an earnout of 50 pct of profit after tax for 2016 which can be expected to be about 12 million crowns .Gerdins Industrial System AB is a prominent supplier of components and systems for demanding industrial customers, company has net sales of about 430 million crowns.
Harbin Electric Co Ltd <1133.HK>: Unit entered into a shareholders' agreement due to the requirement of the tendering of an international project on 1 December 2015. . HE International will contribute a maximum of US$99 million .
Shanghai Electric Group Co Ltd <601727.SS>:Says it to buy TEC4AERO GmbH via wholly owned Hong Kong-based subsidiary for 173.5 euro.