A major global player in the shipping industry, China Navigation Company (CNCo), is a wholly owned subsidiary of the Swire Group. Although, CNCo was founded in Shanghai 147 years ago, it was later acquired by Swire Group and is now returning to its birthplace as a new China headquarters. CNCo operates in Australia, China, PNG, […]
After the new investment from Hong Kong based Steadview capital, Ola is likely to hit $5.5 billion dollar valuation. Ola is striving to become profitable from its core taxi aggregation business, from international expansion and also from its food delivery company under Foodpanda. Steadview Capital is already an existing investor in Ola and is set […]
Metro Link Express for Gandhinagar and Ahmedabad (MEGA) has commissioned Siemens for electrifying a 39.2 km metro line worth more than €76 million ($94.3 million). Currently under construction, the metro line will run in Ahmedabad city in two corridors, East- West and North- South. The complete electrification of the new double- track metro line will […]
In order to commercialize a new capacitor technology that aims to make high- power inverters smaller, lighter and more tolerant to high temperatures, Delphi Technologies is set to invest in PolyCharge America, a startup and the producer of the new capacitor technology. Sigma Technologies, the parent company of PolyCharge, and Delphi Technologies enjoy pre- ...
Renren Inc is set to acquire 100% of Trucker Path. Trucker Path is the maker of Trucker Path app that is a trip planning companion for truck drivers. Trucker Path app enables a large driver community to assist themselves in updating the real-time status of relevant points- of- interest while driving on their route. Some […]
Progress rail, a Caterpillar company, has signed an agreement to acquire Downer Freight Rail. Downer Freight Rail provides a full suite of rolling stock, aftermarket parts and services. It is headquartered in North Ryde and has 15 maintenance facilities throughout Australia. With this acquisition, Progress Rail and Downer, that have already been in business for ...
According to Reuters, French airport operator ADP will increase its stake in Turkish airport operator TAV Airports to 46% from its current stake of 38%. The cost for additional 8.12% stake will be around US$ 160 Million with valuation of TAV Airports’ equity at around $2.0 billion, or 19.2 Turkish lira per share. With this TAV will still […]
USA based Boeing is set to invest £20Mn ($24.35Mn) in Sheffield, UK for its first European factory. The investment is expected to create 30 new jobs. The 25,000 sq. feet production facility will make actuators for Boeing which is expected to cut supply chain costs. About Boeing The Boeing Company is an American multinational corporation that designs, […]