FRANKFURT (Reuters) - General Electric Co aims to buy a medium-sized business in Germany in the next six months to expand its technological footprint, German daily Sueddeutsche Zeitung reported, citing a manager at the U.S. conglomerate.
General Electric Co aims to buy a medium-sized business in Germany in the next six months to expand its technological footprint, German daily Sueddeutsche Zeitung reported, citing a manager at the U.S. ...
On Sunday, General Electric Company reportedly decided to sell its consumer lending sub-segment operating in Australia and New Zealand, to Verde partners KKR & Co. L.P. (NYSE:KKR) and Deutsche Bank AG (USA) (NYSE:DB). The deal has been valued at AUD 8.2 billion ($6.26 billion).
Shares in ATS Automation Tooling Systems Inc. leaped on Tuesday after announcing its purchase of a European competitor in a $362-million takeover that will boost ATS’s exposure to the booming automotive industry.
The Cambridge, Ont.-based company, which designs and builds automated production systems for factories, announced Tuesday that it has reached a deal to acquire the automation business of Germany’s M+W Group, known as M+W PA.
ATS’s share price jumped 7.5% on news of the deal to close at $16.16, its highest level since 2006.
With positive signals coming from the US-Iran nuclear talks, the gas-rich Middle Eastern country is piquing the interest of Western industrial nations. To be ready when the economic embargo is lifted, Switzerland is increasing contact with the Islamic Republic.
“For six months there’s been a constant stream of European representatives in Iran,” says Suhail el Obeid, a Middle East expert at Swiss Global Enterprise, a Swiss foreign trade promoter.
He says interest in the Iranian market has been growing since the beginning of the year.