German autoparts maker Continental has acquired full ownership of Zytek Automotive, an automotive engineering firm based in the UK. Zytek Automotive, a former joint venture of Continental, offers its services in all areas of automotive ...
Tags: Auto Parts, Auto, automotive, passenger cars, vehicles
Liberty Media wants to take full ownership of Sirius XM in a deal that would value the satellite radio service at nearly $23 billion. Englewood, Colo.-based Liberty Media Corp., a media holding company, already owns 53 percent of Sirius ...
Tags: Liberty Media, Sirius XM, full ownership, satellite radio service
Emerson announced today it has signed an agreement to acquire SPX Corp.’s 44.5% minority interest in EGS Electrical Group, giving it 100% ownership of the business. Emerson and SPX have jointly held the business since 1997, with ...
Corning Incorporated announced that it is entering into a series of strategic and financial agreements with Samsung Display Co., Ltd., intended to strengthen product and technology collaborations between the two companies. These agreements ...
Tags: Samsung, Strategic Collaborations
APTwater Rochem has acquired Sojitz Corp's shareholding in their Sepro Membranes joint venture. Oceanside, California-based Sepro Membranes specialises in the development and manufacture of high performance ultrafiltration, microfiltration ...
WATERLOO, WI (BRAIN) — Next season Trek Bicycle will own the WorldTour team it has sponsored and supplied for the last three years. The company has agreed with Luxembourg-based team owner Leopard SA to take over ownership of the UCI ...
Tags: Trek, Leopard, Team License
"While the investment of nearly R1-billion in a third furnace is big news, it's part of a much bigger story that includes laying the groundwork for growth, without losing sight of the customer,"says Stoney Steenkamp, the Divisional Managing ...
Tags: Construction, glass
Exor, the main shareholder in Italian carmaker Fiat, has sold 15% stake in its Swiss inspection services firm, SGS, to Belgian investment firm Groupe Bruxelles Lambert’s subsidiary, Serena of (GBL) for about EUR2bn. The move frees ...
Tags: Fiat Owner, SGS Stake
Sainsbury's Bank, the 50/50 joint venture between the supermarket chain and Lloyds Bank, will outsource its entire banking IT platform when Sainsbury's takes complete control of the financial services organisation. Further reading ...
Tags: Sainsbury, IT, Computer Products
Flowserve Corporation announced the completion of a series of transactions related to the company s former Audco India, Limited (AIL) joint venture with Larsen & Toubro, Limited (L&T). As a result of these transactions, Flowserve obtains ...
Tags: valve products, valve
Samsung Electronics catapulted to the top of the optoelectronics supplier ranking in 2012 from 12th place in 2011 after it gained full ownership of Samsung LED, a 50-50 joint venture in light-emitting diodes that was created in 2009 between ...
Tags: Samsung, Optoelectronics, Electronics
The merger between T-Mobile USA and MetroPCS moved one step closer to completion on Tuesday as the FCC approved the deal without conditions In what may be a hopeful sign for backers of the deal, the agency's review didn't even rise to ...
Free-to-play MMO developer and publisher Wargaming today announced its agreement to acquire Seattle-based developer Gas Powered Games, the maker of memorable and critically acclaimed franchises such as Dungeon Siege, Supreme Commander and ...
Tags: Wargaming, Gas Powered Games, company news
Italian car maker Fiat expects to complete the merger of its partner, the Chrysler Group by 2014 in the US. Fiat-Chrysler CEO Sergio Marchionne was quoted by Repubblica newspaper as saying that the company will succeed in doing it. "We ...
Emmi is not currently planning to take full ownership of AVH Dairy Trade, following news that it has acquired a 70% stake in the Netherlands-based dairy firm. Emmi announced yesterday (7 January) that it has acquired the stake for an ...
Tags: Emmi, full ownership, AVH Dairy Trade, dairy firm