Deals
Vestas wins 27 MW project in Denmark
Vestas has received a definite order from HOFOR for six V136-4.5 MW wind turbines at the Bjornstrup wind park in Midtjylland, Denmark. Vestas is also responsible for long-term service under an Active Output Management 5000 agreement, which includes procurement, delivery, and commissioning. Read More>>
Shakti Pumps India Limited receives major government orders, share prices soar
Shakti Pumps India Limited has received significant contracts from the governments of Uttar Pradesh and Haryana in India for the supply of thousands of solar water pumping equipment under the PM Kusum Yojana. An INR 293 Cr (US$ 35.2 Mn) deal for 10,000 pumps has been granted. Read More>>
Partnership
Chinese EV manufacturer BYD expands partnerships in Southeast Asia
BYD’s Southeast Asia partnerships aim to expedite the region’s transition to electric mobility and sustainable transportation. These collaborations are aimed at developing and manufacturing electric vehicles, batteries, and charging infrastructure while adhering to each country’s emission reduction targets and sustainability pledges. Read More>>
Centre Setup and Expansion
Vitesco plans a new North American factory for EV parts
Vitesco Technologies, a German powertrain provider, plans to establish a new plant in the United States by 2026 to address the rising demand for electrification goods. The corporation is looking into greenfield and brownfield sites across the country for the new facility. Read More>>
Generac to build an additional plant in Wisconsin
The Generac Power Systems plant, which is planned to employ 350 to 400 people, intends to address the growing demand for Generac’s industrial generators. Construction will begin later this year and will be completed in early 2025. Read More>>
Middleby opens new facility in Palmetto
This Middleby facility will focus on R&D for its Hinds-Bock and Inline Filling Systems brands, as well as manufacturing and equipment testing. Inline Filling Systems, on the other hand, offers packaging solutions for a variety of sectors. Read More>>
Mergers and Acquisitions
A. O. Smith Corp. acquires Water Tec of Tucson
Water Tec of Tucson, an Arizona-based water treatment company, has been acquired by A. O. Smith Corp. The all-cash deal strengthens A. O. Smith’s West Coast position and supports the company’s expansion strategy in the North America Water Treatment business. Read More>>
Watts Water Technologies to acquire Bradley Corp.
Watts Water Technologies is expected to pay US$ 303 Mn for Bradley Corp., increasing its plumbing and water quality product portfolio. After adjusting for tax benefits, the net transaction value is roughly US$ 268 Mn. The transaction is expected to be finalized in Q4 2023, subject to regulatory approvals. Read More>>
Executive Movements
Marposs names EV business director
Scott Lukomski has been named EV Business Director at Marposs Corp., a measuring, inspection, and testing technology provider. Lukomski will oversee efforts to build quality management solutions for EV producers, drawing on a 25-year background in manufacturing and engineering. Read More>>
Schneider Electric Infra board appoints Udai Singh as CEO, MD
Udai Singh has been appointed as the CEO and Managing Director of Schneider Electric Infrastructure, bringing over 30 years of experience in various roles including sales, marketing, projects, and manufacturing operations. Read More>> |
