Industry News

GMS Inc., a leading North American distributor of gypsum wallboard and suspended ceiling systems, announced today its acquisition of Steven Kempf Building Material Company, headquartered in King of Prussia, Pennsylvania. Founded in 1994, SKBM expanded to become a leading supplier of drywall, ceilings, steel studs and related construction products to professional contractors in the greater Philadelphia metro area. SKBM services large and small projects with a..."/>
GMS Expands Mid-Atlantic Presence with Acquisition of Leading Pennsylvania Drywall Distributor
Honeywell today announced that it has completed its $1.5 billion acquisition of Intelligrated, a privately held leader in supply chain and warehouse automation solutions, which was previously announced in July. "With the continued growth of e-commerce, retailers and supply chain companies need a range of enterprise solutions to enhance their operational accuracy, efficiency and safety," said John Waldron, president and CEO, Honeywell..."/>
Honeywell Completes Acquisition of Intelligrated
Cubic Corporation ranked second in Orlando Business Journal’ s annual industry list. SAN DIEGO---- Cubic Corporation today announced that its Orlando, Florida, operations of the Cubic Global Defense business unit ranked second in the Orlando Business Journal’ s annual Top Modeling, Simulation and Training Companies list. The Book of Lists by Orlando Business Journal provides a directory of hundreds of recognized local companies in their fields and industries by ranking."/>
Cubic Listed Among Top Modeling, Simulation and Training Companies in Central Florida
Astronics Corporation, a leading supplier of advanced technologies and products to the global aerospace, defense, and semiconductor industries, announced that Peter J. Gundermann, President& Chief Executive Officer, and David C. Burney, Executive Vice President& Chief Financial Officer, will present at CL King’ s 14 th Annual Best Ideas Conference in New York City on Tuesday, September 13, 2016.. Astronics’ presentation is scheduled to begin at 9:30 a.m...."/>
Astronics Corporation to Present at CL King Best Ideas Conference
Kennametal Inc. tapped him in February to lead the tooling company through a challenging downturn. The former CEO of Terex Corp., a Connecticut-based machinery maker, DeFeo, 64, had expected his only connection to Downtown-based Kennametal would be as a board member, a position he has held since 2001.. "It was a difficult personal decision because I had to postpone my retirement," DeFeo told the Tribune-Review recently in his first..."/>
Kennametal CEO DeFeo sees 'pretty amazing' opportunities for turnaround [The Pittsburgh Tribune-Review]
Pointer Telocation Ltd, a developer, manufacturer and operator of Mobile Resource Management, announced on Mondya the signing of a binding agreement to acquire Cielo Telecom, a fleet management services company based in South Brazil. Cielo Telecom manages fleet customers covering approximately 16,000 trucks. Under the terms of this acquisition, Pointer will make a cash payment of approximately USD6.5m."/>
Pointer Telocation to acquires Cielo Telecom in Brazil in USD6.5m deal
American Electric Technologies said on Monday that its M&I Electric business has received an order to provide its IntelliSafe arc-resistant switchgear for a new 50- MW tri-fuel, peaking power generation facility in the Midwest US in the fourth quarter of 2016.. This project represents M&I Electric's first order from this leading international power generation equipment company in the Midwest US. Upon installation, the 50 MW project is expected to..."/>
M&I Electric to supply IntelliSafe arc-resistant switchgear for 50MW power project
Cubic Global Defense, a business unit of Cubic Corporation, announced on Monday the award of a five-year, approximately USD80m task order to support aviation training for the US Navy and Marine Corps under the Navy's Fielded Training Systems Support IV Indefinite Delivery Indefinite Quantity Multiple Award Contract. Reportedly, this is the first award by the Naval Air Warfare Centre, Training Systems Division using this fourth-generation IDIQ programme that has an..."/>
Cubic announces almost USD80m award from Navy’s FTSS IV IDIQ multiple award contract
IndAS and why the numbers don't add up [Mint, New Delhi]
MediaTek invests $60 million in Paytm, values it at $4.8 billion. Taiwan-based MediaTek's investment arm Mountain Capital has invested $60 million in Paytm's parent One 97 Communications, valuing the digital payments and commerce firm at $4.8 billion, reported The Times of India."/>
Deals Buzz: Mediatek invests $60 million in Paytm [Mint, New Delhi]
Caterpillar Inc. have entered into a strategic alliance agreement, the companies said. Under the terms of the agreement, Ritchie Bros. will become Caterpillar's preferred global partner for live onsite and online auctions with respect to used Caterpillar equipment, and will complement Caterpillar's existing dealer channels. Ritchie Bros. will..."/>
US Heavy Equipment Maker Caterpillar Forms Strategic Alliance with Ritchie Bros

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