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December 26th 2017: Atlas divests concrete, compact division

Atlas divests concrete, compact division:

Atlas Copco has announced it has agreed to divest its concrete and compaction business to Husqvarna Group’s Construction division. The purchase price has not been disclosed.

Atlas’ concrete and compaction business achieved revenues of around €57 million in 2016. Husqvarna Group will retain the division’s 200 members of staff, Atlas Copco has confirmed.

The company said that the divestment would allow it to focus more on its Power Technique business area – which includes air, power and flow – that it kick-started this year during a structural change.

For more details, kindly click on the following link:

https://www.khl.com/international-rental-news/atlas-divests-concrete-compact-division/130886.article

December 19th 2017: Sterlite Power bags $800 mn transmission project in Brazil

Sterlite Power bags $800 mn transmission project in Brazil:

Sterlite Power today said it has bagged a contract worth USD 800 million to construct 1800 km transmission project in Brazil.

The project will be executed in north of Brazil, in the states of Pará and Tocantins, with more than 1800 km of transmission lines, the company said in a statement.

“Sterlite has demonstrated its international competitiveness by winning the largest lot on offer in the auction. We are committed to building a global transmission company by focusing on talent, technology and innovation,” company’s Chairman Pravin Agarwal said.

For more details, kindly click on the following link:

http://www.moneycontrol.com/news/business/sterlite-power-bags-800-mn-transmission-project-in-brazil-2463985.html

December 19th 2017: Investors Will Be Taking a Second Look at Atlas Copco AB (OTCMKTS:ATLKY) After Recent Moves

Investors Will Be Taking a Second Look at Atlas Copco AB (OTCMKTS:ATLKY) After Recent Moves:

Major market players are buzzing over Atlas Copco AB (OTCMKTS:ATLKY) as their share price hit $41.58 at the end of the most recent trading session.

Market capitalization is the total dollar market value of a company’s shares.  It is calculated by multiplying a company’s shares outstanding by the current market price of one share.  Investors use this figure to figure out a company’s size, as opposed to just using total asset or sales figures.  Market capitalization is important because company size is a basic indicator of multiple characteristics in which investors are interested in, including risk.  It is easy to calculate.  For example, a company with 40 million shares selling at $100 a share would have a market cap of $4 billion.  Companies are ranked according to their market caps, ranking them as large-cap, mid-cap and small-cap.  Large-cap companies usually have a market capitalization of $10 billion and up.  These large-cap companies have typically been around for a long period of time, and they are usually major players in well-established industries.  Mid-cap companies have a market capitalization of $2 billion – $10 billion.  Mid-cap companies operate in industries expected to experience rapid growth.  Companies that have a market capitalization $300 million – $2 billion are classified as small-cap companies.  These companies are usually young in age and they could serve new industries as well as niche markets.  Atlas Copco AB (OTCMKTS:ATLKY)’s market cap is $34902.

For more details, kindly click on the following link:

Investors Will Be Taking a Second Look at Atlas Copco AB (OTCMKTS:ATLKY) After Recent Moves

November 30th 2017: France’s Altran Tech buys Aricent for $2 billion

France’s Altran Tech buys Aricent for $2 billion:

French engineering, research and development (ER&D) company Altran Technologies SA has acquired US design and engineering services firm Aricent Inc. at an enterprise value of $2 billion in an all-cash transaction, Altran said in a statement.

Altran acquired California-based Aricent (formerly Flextronics Software Systems) from a group of investors led by private equity firm KKR and Co. LP, which had a 79% stake in the company and was advised by JPMogan Chase and Co. Aricent claims to employ 12,000 engineers, designers and consultants at 19 locations, and has offices in Bengaluru, Gurugram, Pune, Hyderabad, Noida and Chennai.

Mint first reported about Altran’s interest in acquiring Aricent on 14 November. The report said KKR was in early stages of discussions to sell Aricent and Altran was one of the potential suitors.

For more details, kindly click on the following link:

http://www.livemint.com/Companies/oRfNDxm5KWBE8lGrWhthVI/Frances-Altran-Tech-buys-Aricent-for-2-billion.html

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