Action Construction Equipment (ACE) may acquire a company in China. The targeted Company manufactures similar product, but with better technology and lower cost. Also, there is a possibility that ACE may also acquire company in India. The targeted company manufactures product that will help ACE to enter into a new product line in the same segment. The company is in advanced stage of discussion with the targeted companies but nothing formally has been agreed.
The board of director of the company at its meeting held on July 30, 2011, has discussed the possibility of acquisition.
Action Construction Equipment is more than a decade old enterprise and started with manufacturing of Hydraulic Mobile Cranes of different capacities under the brand name of ‘ACE’ at industrial township of Faridabad. ACE equipment is being successfully used in many industrial sectors. ACE range of cranes can be adapted to satisfy a vast range of possible applications due to their versatility.
Company Name | CMP |
---|---|
BEML | 3782.45 |
Action Const. Equip | 1393.00 |
Sanghvi Movers | 1435.35 |
Brady & Morris Engg | 982.05 |
TIL | 194.95 |
View more.. |