INDIANAPOLIS: Private investment firm AFM Capital Partners said on Thursday its portfolio company Pro Products Holdings LLC has acquired Owens Industries, LLC, a move that expands its precision manufacturing capabilities for the aerospace and defense sectors. Financial terms of the deal were not disclosed. Owens Industries, based in Oak Creek, Wisconsin, is a provider of…
LONDON: Swiss electronics manufacturer Cicor Technologies Ltd. has agreed to acquire British rival TT Electronics Plc in a recommended cash and share deal that values TT at approximately £287 million, the companies said on Thursday. The acquisition will create the largest pure-play global electronics manufacturing services (EMS) provider in the high-mix, low-volume sector, which focuses on…
HOUSTON: Oceaneering International Inc (NYSE:OII) on Wednesday reported a 73% jump in third-quarter net income, driven by solid execution across its business segments and higher-margin backlog conversion in Manufactured Products. The Houston-based subsea engineering and services firm posted net income of $71.3 million, or 71 cents per share, up from $41.2 million a year earlier….
Babcock International is a multinational corporation headquartered in the United Kingdom. It specialises in managing complex assets and infrastructure. Although the company has civil contracts, its main business is with public bodies, particularly the United Kingdom’s Ministry of Defence and Network Rail. The company has four operating sectors, with overseas operations based in Africa, North…