Telematics solutions firm, MSD Telematics Private Limited of Gurugram has acquired Heuristics Info Systems in an all cash deal. Sparrow Business Solutions LLP, a boutique corporate finance firm acted as the exclusive advisor to both the firms on the transaction. TRA Law acted as the legal advisor on the deal. Speaking on the acquisition, Ashmeet Singh, Founder, MSD Telematics mentioned,[Read More…]
Tata Motors and Castrol have entered in a three-year strategic partnership agreement for supply of commercial vehicle oils to Tata Motors globally. The agreement covers over 50 markets including SAARC and ASEAN region, Middle East, Africa, Russia and Latin America. With Tata Motors looking to expand their international footprint, Castrol with its established presence in these markets, will support Tata Motors’[Read More…]
Bridgestone India Pvt. Ltd., has launched a nation-wide ‘Tyre Safety Check-up’ camp with Tata Consultancy Services (TCS) in a bid to promote safe driving. Celebrating ‘Road Safety Week 2017’, the camp is scheduled between January 17, 2017 to January 27, 2017. It will take place at 58 TCS facilities in 14 cities across India, and will educate citizens on the[Read More…]
Terex Corporation has completed the sale of its Material Handling and Port Solutions Business (MHPS) to Konecranes Plc for USD 595 million, with Euro 200 million in cash. Addtionally 19.6 million newly issued class B shares represent a 25 per cent interest in Konecranes. According to John L. Garrison, President and CEO of Terex, the Konecranes- MHPS combination would be a[Read More…]
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