United Kingdom, London: Technavio has announced the top five leading vendors in their recent global transformer oil market report until 2020. This research report also lists five other prominent vendors that are expected to impact the market during the forecast period.
USA: First Reserve International, a US private equity fund, announced the signing of an investment to acquire a subset of the international power transmission and distribution division of Crompton Greaves Ltd., which will be rebranded as Pauwels, reports the PE Hub.
International Finance Corporation (IFC), a member of World Bank Group, has granted $375 million in financing to an Iraq-based power company Mass Global Energy Sulimaniya to fund the development of power projects and energy infrastructure in Iraq.
USA, New Jersey: Cast resin transformer manufacturer Jinpan International Limited has announced that the company’s shareholders voted in favour of the proposal to authorize and approve the previously announced merger agreement among the company, FNOF E&M Investment Limited and Silkwings Limited.
India, Mumbai: Electrical equipment and transformer manufacturer Crompton Greaves Ltd has agreed to sell its international power business to the U.S. private equity firm First Reserve International Ltd for an enterprise value of €115 million ($126 million), according to VC Circle.