McNally Bharat Engineering Company has taken over a Humboldt
Wedag Coal & Minerals Technology GmbH, a wholly owned subsidiary of Germany's
KHD Humboldt Wedag.
MBE Holdings, McNally's wholly owned Singapore based subsidiary, has signed a
purchase agreement with Humboldt Wedag Coal & Minerals Technology GmbH on 20
August 2009 for acquiring latter's engineering workshop in Cologne, its coal and
minerals based business and its Kharagpur unit in West Bengal for a total
consideration of $ 16 million (approx Rs 80 crore).
In May 2009, McNally had signed an MoU for the acquisition.
Also See:
McNally Bharat
secures two orders from NTPC (02-Jul-09)