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Salasar Techno Engineering Ltd formally took over Kolkata-based EMC Ltd (formerly Electrical Manufacturing Company Ltd) through an e-auction, valued at ₹178 crore. The acquisition was announced on April 23, 2024.
One Equity Partners (via OEP Hitch B.V.) and EMC S.r.l. propose to acquire joint control of CBM S.p.A., an Italian manufacturer of tractor attachment systems. OEP will hold 49% and EMC 51% of CBM's shares.