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Heavy Electrical Equipment

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ABB CEO expects $400 mln integration costs from GE deal

Monday, 25 Sep 2017 03:19am EDT

Sept 25 (Reuters) - ABB Ltd :CEO Ulrich Spiesshofer says expects integration costs of $400 million amid 'footprint' optimisation.

Alstom-Seimens tie-up would create a competitive group - french Source

Friday, 22 Sep 2017 01:19pm EDT

Sept 22 (Reuters) - Alstom ALSO:French government looks on possible Alstom-Siemens deal very positively, a senior french source said. .Alstom-Seimens tie-up would create a competitive group in a difficult market, the source said..French authorities will be looking closely at jobs, sites, governance and research and development in case of a successful tie-up, the source said. .

General Electric said to near industrial-solutions unit sale to ABB- Bloomberg

Friday, 22 Sep 2017 06:04am EDT

Sept 22 (Reuters) - :GE is said to near industrial-solutions unit sale to ABB - Bloomberg, citing sources.

Siemens negotiating with Alstom, Bombardier about potential rail combinations- Bloomberg

Thursday, 21 Sep 2017 08:17am EDT

Sept 21 (Reuters) - :Siemens AG is negotiating with Alstom SA as well as Bombardier Inc about potential rail combinations- Bloomberg, citing sources.

Beijing Dinghan Technology acquires 30.57 pct stake in electronic system firm

Thursday, 14 Sep 2017 10:50pm EDT

Sept 15(Reuters) - Beijing Dinghan Technology Co Ltd <300011.SZ>:Says it acquired 30.57 percent stake in an electronic system firm and raised stake in the electronic system firm to 58.14 percent.Previous news was disclosed on Aug. 28.

SJEC fully acquires Suzhou Fuji Lift

Monday, 11 Sep 2017 07:27am EDT

Sept 11(Reuters) - SJEC Corp <601313.SS>:Says it fully acquired Suzhou Fuji Lift Co Ltd.Previous news was disclosed on Aug. 14.

Beijing Hezong Science&Technology says listing of 22.1 mln new shares

Tuesday, 5 Sep 2017 08:55am EDT

Sept 5 (Reuters) - Beijing Hezong Science&Technology Co Ltd <300477.SZ> ::* Says it plans to buy an environment protect company via cash, share issue, at a price of 726 million yuan .* Says 22.1 million new shares will be listed on Sep. 6.

Fenner Plc announces acquisition of Revolution Drives

Tuesday, 29 Aug 2017 02:00am EDT

Aug 29 (Reuters) - Fenner Plc ::ACQUIRED ASSETS AND BUSINESS OF REVOLUTION DRIVES INC.

UQM Technologies signs stock purchase agreement with CNHTC

Monday, 28 Aug 2017 07:30am EDT

Aug 28 (Reuters) - UQM Technologies Inc :UQM Technologies announces the signing of a definitive stock purchase agreement with China National Heavy Duty Truck Group Co., Ltd. (“CNHTC”), parent company of Sinotruk, a leading chinese commercial vehicle manufacturer.UQM Technologies Inc - ‍upon closing of second stage, CNHTC will have right to nominate up to three of eight total directors to UQM's board of directors​.UQM Technologies Inc - ‍purchase price is $0.95 per share​.UQM Technologies Inc - ‍total transaction will bring approximately $28.3 million in cash to UQM​.UQM Technologies Inc - ‍terms of agreement were unanimously approved by boards of directors of both companies​.UQM Technologies Inc - ‍UQM shareholders will continue to hold their shares in UQM, and UQM stock will continue to be traded on NYSE market​.UQM Technologies Inc - ‍UQM and CNHTC intend to form a joint venture for manufacture and sales of electric propulsion systems in china​.

Anhui Shengyun Environment-Protection to acquire environmental firm for 638 mln yuan

Thursday, 24 Aug 2017 04:35am EDT

Aug 24 (Reuters) - Anhui Shengyun Environment-Protection Group Co Ltd <300090.SZ>:Says it plans to acquire environmental firm in Anhui for 638 million yuan ($95.78 million).

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