USA > Japan based SoftBank buys Boston Dynamics from Google

Boston Dynamics logo Boston Dynamics, a Google owned robotic company, has finally been sold to SoftBank for an undisclosed price after being on sale for over a year. Boston Dynamics is famous for making robots such as human like Atlas; animal based BigDog, Spot and Wildcat, a jumping Sand Flea and Handle. The deal also included less known robotics company called Schaft that More …

USA > India based Millitoons Entertainment has acquired 100% stake in US based Kirksville Hospitality Inc. which runs a franchise of Holiday Inn for $4.83 million

holiday inn Millitoons Entertainment has announced that it has owned 100% stake in Kirksville Hospitality Inc. which runs a hotel under Holiday Inn franchise for $4.83 million. Millitoons Entertainment has a subsidiary based in the US named Mient Hospitality LLC which was used for this transaction. Kirksville Hospitality has had gross revenue of $1.96 million in the last fiscal year. About Millitoons More …

USA > Switzerland based Nestlé invests $500 million to own 68% share in Blue Bottle

nestle logo Investing around $500 million in indie coffee brand, Blue Bottle, Nestlé has acquired 68 percent in the Bay Area- based company. Blue Bottle was founded in 2002 as a small roaster which currently has grown to 50 minimalist- cool- high end coffee shops in Bay Area, LA, NYC and Tokyo. The investment will enable Blue Bottle to invest in new More …

USA > Mexico based automotive supplier, Metalsa Structural Products invests $36.5 million in Western Kentucky, USA

Metalsa logo Mexico based Metalsa Structural Products is expanding to produce a new line of stamped and welded components, investing $36.5 million in Owensboro, Kentucky adding 113 new jobs in the process. The $36.5 million investment will be utilized in robotic welding cells, assembly line robots, infrastructure and building expansion to accommodate the new production line and additional warehouse space. According to More …

USA > Switzerland based ABB set to acquire GE Industrial Solutions for $2.6 billion

abb photoshop logo ABB’s acquisition of GE Industrial Solutions for $2.6 billion will strengthen ABB as the #2 global player in electrification. GE Industrial Solutions has presence in 100 countries with a strong North American market which will expand ABB’s access through deep customer relations, large installed base and extensive distribution networks. The potential annual cost synergy for the two firms is approximately More …

USA > Singapore based GIC buys 30% of BBAM, California

GIC_business_logo photoshoped Sovereign wealth fund based in Singapore, GIC, buys 30% of BBAM, one of the world’s largest manager of investments in leased commercial jet aircraft. GIC bought the stake from BBAM management team and private equity firm Onex Group. After this transaction, all three shareholders will hold a minority stake in BBAM. GIC had committed investment to Incline Aviation, the aircraft More …

USA > Luxembourg based SAF Holland to invest US$ 4 million in southeast Arkansas

safholland photoshop SAF-HOLLAND, a Luxembourg based chassis related system company, is set to open a new facility in Southeastern Arkansas in the old Federal Mogul building in Dumas hiring 65 new employees. The company is known for making chassis related systems for trailers, trucks, buses, and recreational vehicles. The Dumas plant has been producing trailer suspensions since 1988 and is currently employs More …

USA > Australia based Westfield Corporation has teamed up with Greystar to construct an apartment complex in San Diego, California

Westfield logo photoshop The team of Westfield Corporation, headquartered in Sydney, and Greystar, headquartered in South Carolina have embarked to develop and manage a 300 apartment tower in San Diego, California. The project is to be estimated to be completed by 2019 and is worth to be approximately $200 million. This venture is Westfield’s first venture into residential development which will be followed More …