UK > USA based BorgWarner is set to acquire UK based Sevcon for $200 million

Borgwarner logo Sevcon Inc., a global player in electrification technologies, has entered into an agreement to be acquired by USA based BorgWarner as it complements BorgWarner’s power electronics capabilities to provide electrified propulsion solutions. According to James Verrier, President and CEO of BorgWarner: “This acquisition supports our existing strategy to supply leading technology for all types of propulsion systems; combustion, hybrid and More …

Scotland > India based HCL Technologies to buy ETL Factory for 7 million pounds ($9.37 million)

hcl logo ETL Factory Limited, which does business as Datawave, has created an innovative data automation platform and is set to be acquired by India based HCL Technologies. The automation platform enables its customers to execute large scale, complex data- migration and data- integration projects in a faster and smarter way. Datawave, ETL’s flagship product, won the Informatica Innovation Award and is More …

UK > Germany based Craemer is set to open a new factory in UK

Craemer logo German based Craemer, a manufacturer of wheelie bins and pallets, recently bought 5.3 hectare at Hortonwood, Telford, UK to establish a new factory set to provide 70 new jobs. Construction is expected to begin mid-November 2017 and set to be completed by next November (2018). According to Steve Poppitt, Managing Director of Craemer UK, the Telford site will help to More …

UK > London based Management Consulting Firm, Credo, to be acquired by US based Teneo

Teneo logo As a part of major global expansion of Teneo Consulting operating division, Teneo has already completed four acquisitions in 2017. However cross border acquisition of Credo Business Consulting LLP is its first acquisition of management consulting firm which increases Teneo’s headcount to over 670 employees. Founded in 2011, Teneo Holdings is a global CEO advisory firm is acquiring Credo because More …

UK> Israel based co-working space provider Mindspace set to open new location in London

Mindspace logo Israel based Mindspace is set to open its UK co-working space that is a little over 30,000 square feet in Whitechapel, London. Spanning two floors, the new location is capable of accommodating 700 members from startups to global enterprises and is scheduled to open in December 2017 This co-working space is expected to have boutique styled offices, meeting rooms and More …

ENGLAND > US based GE Healthcare Acquires UK’s Aysmptote

asymptote GE Healthcare has acquired Asymptote Limited, a biotech firm specializing in cryochain technology for sensitive cellular therapies. According to GE Healthcare,  “the acquisition of Asymptote fills a critical gap in GE Healthcare’s end-to-end ecosystem of products and services for cell therapy production, and will be an important piece of the portfolio enabling the industrialization of these life-saving therapies”. With this More …

ENGLAND > Japan’s Toyota Motors to invest $300Mn in its manufacturing facility in Derbyshire, UK

Toyota_carlogo.svg Japan based Toyota motors is set to invest further £240Mn ($300Mn) in its Toyota Manufacturing UK (TMUK) car plant in Burnaston, Derbyshire, UK. The new line of investment will help Toyota improve plant competitiveness and will be progressively upgraded with new equipment, technologies and systems according to The Toyota New Global Architecture (TNGA) platform.   About Toyota Toyota Motor Corporation More …

ENGLAND > India’s Piramal Enterprises to acquire spasticity and pain management drugs business from Mallinckrodt for $171Mn

Pharmacovigilance-Jobs-In-Piramal-171009233200237 India based Piramal Enterprises to acquire spasticity and pain management drugs business from Mallinckrodt for Rs 1,160 crore ($171Mn). The deal consists of a clause for additional $32 million, depending on milestones met by Mallinckrodt over next three years. The portfolio of drugs acquired includes Gablofen and two pain management products, which are under development. The acquisition is expected to More …