BorgWarner and Eldor Corporation have today announced that they have entered into a Share Purchase Agreement under which BorgWarner has agreed to acquire the Electric Hybrid Systems (EHS) business segment of Eldor for 75 million euros (Rs 659 crore) at closing with a potential additional amount due subject to an earnout. Headquartered in Italy, Eldor’s EHS… Continue reading BorgWarner to acquire Eldor Corp’s electric hybrid systems business for 75 million euros
Tag: Strategy
BorgWarner to acquire Eldor Corp’s electric hybrid systems business for 75 million euros
BorgWarner and Eldor Corporation have today announced that they have entered into a Share Purchase Agreement under which BorgWarner has agreed to acquire the Electric Hybrid Systems (EHS) business segment of Eldor for 75 million euros (Rs 659 crore) at closing with a potential additional amount due subject to an earnout. Headquartered in Italy, Eldor’s EHS… Continue reading BorgWarner to acquire Eldor Corp’s electric hybrid systems business for 75 million euros
Delta Electronics signs definitive agreement to purchase TB&C for Euro 142 million
Delta Electronics, a power and thermal management solutions provider, has signed a definitive agreement to purchase TB&C for Euro 142 million from Cooperatief H2 Equity Partners Fund IV Holding W.A. and Te Bokkel Beheer B.V. TB&C is a German hybrid technologies provider for mechanical components applied in automotive, industrial, and medical applications. The transaction is… Continue reading Delta Electronics signs definitive agreement to purchase TB&C for Euro 142 million
Helixx selects Siemens digital-twin software to develop commercial EV manufacturing hubs
Helixx, a new UK-based global technology company, has selected the Siemens Xcelerator portfolio of industry software and services to assist the design, development, validation, delivery, and management of its innovative electric vehicle manufacturing system. Solutions from the Siemens Xcelerator portfolio have been chosen by Helixx to help realise its goal of supporting sustainable economic development… Continue reading Helixx selects Siemens digital-twin software to develop commercial EV manufacturing hubs
Helixx selects Siemens digital-twin software to develop commercial EV manufacturing hubs
Helixx, a new UK-based global technology company, has selected the Siemens Xcelerator portfolio of industry software and services to assist the design, development, validation, delivery, and management of its innovative electric vehicle manufacturing system. Solutions from the Siemens Xcelerator portfolio have been chosen by Helixx to help realise its goal of supporting sustainable economic development… Continue reading Helixx selects Siemens digital-twin software to develop commercial EV manufacturing hubs
Saudi Arabia’s strategic plans to safeguard food security for pilgrims
MECCA, Saudi Arabia, June 19, 2023 /PRNewswire/ — Saudi Arabia has successfully managed to achieve an excellent status in the framework of realizing self-sufficiency for several necessary food products before taking up the task of securing food for millions of visiting pilgrims coming… Go to Source
Avalon Completes Purchase of Industrial Site in Thunder Bay as Key Next Step in Becoming Ontario’s First Vertically Integrated Lithium Producer
TORONTO, June 19, 2023 /PRNewswire/ – As part of its strategic transformation to become a vertically integrated lithium producer, Avalon Advanced Materials Inc. (TSX: AVL) and (OTCQB: AVLNF) (“Avalon” or the “Company”) is pleased to announce the successful acquisition of an industrial… Go to Source
Leidos and Aalyria joining forces to revolutionize security and resiliency of complex global scale critical networks
RESTON, Va., June 19, 2023 /PRNewswire/ — Leidos (NYSE:LDOS), a FORTUNE® 500 science and technology leader, and Aalyria, a new enterprise in advanced networking and communications, announced today that they will join forces to integrate Aalyria’s Spacetime networking technology with Leidos’ global-scale network management and protection solutions for critical government missions. By integrating Spacetime into new and existing solutions,… Continue reading Leidos and Aalyria joining forces to revolutionize security and resiliency of complex global scale critical networks
BorgWarner to Acquire Eldor Corporation’s Electric Hybrid Systems Business Segment
Complements and strengthens BorgWarner’s electric product portfolio Closing expected in third quarter 2023 AUBURN HILLS, Mich. , June 19, 2023 /PRNewswire/ — BorgWarner Inc. (NYSE: BWA) and Eldor Corporation S.p.A. today announced that they have entered into a Share Purchase Agreement under which BorgWarner has agreed to acquire the Electric Hybrid Systems (EHS) business segment of… Continue reading BorgWarner to Acquire Eldor Corporation’s Electric Hybrid Systems Business Segment
Saudi Arabia’s strategic plans to safeguard food security for pilgrims
MECCA, Saudi Arabia, June 19, 2023 /PRNewswire/ — Saudi Arabia has successfully managed to achieve an excellent status in the framework of realizing self-sufficiency for several necessary food products before taking up the task of securing food for millions of visiting pilgrims coming from different countries of the world. According to the head of catering… Continue reading Saudi Arabia’s strategic plans to safeguard food security for pilgrims