Akzo Nobel N.V. has signed an agreement to sell its shareholding in Akzo Nobel India Limited (ANIL) to the JSW Group, one of India’s leading diversified conglomerates. The transaction is based on a total enterprise value of approximately €1.4 billion ($1.64 billion), representing an EV/EBITDA multiple of 22x, and includes AkzoNobel’s liquid paints and coatings […]
GT Motive Announces Agreement with XA Group for Automotive Estimatics in India
GT Motive, the provider of repair data and solutions based in Spain, has signed an agreement with XA Group, a UAE-based global provider of digital, hardware & manpower solutions operating in Middle East, South Asia and Europe, whereby GT Motive will provide repair data and the GT Estimate software to be integrated by XA Group […]
OEConnection Opens Technology Center in India
OEConnection (OEC) opened a new facility in Chennai, India, to build their digital expertise and improve their service offering globally. The expansion into a new Technology Centre of Excellence comes as a result of OEC’s growth, acting as an extension to the technology and operations teams in North America and Europe. Having a new base […]
Axalta Opens its Largest Refinish Training Centre in India
Axalta (NYSE: AXTA) announced it opened of a new Refinish Training Center in Manesar, India. At 20,000 sq. ft., the new training facility was inaugurated by Sobers Sethi, President, Emerging Markets, Axalta. Manesar is an industrial town in Gurugram district of Haryana state in India and is a part of the National Capital Region (NCR) […]
Axalta Opens New Coating Manufacturing Facility in India
Axalta (NYSE:AXTA) opened its new coating manufacturing plant on April 4, at Savli, Vadodara in Gujarat, India. Approximately 70 guests, including local government officials, customers, university representatives, media, and employees attended the opening ceremony, which Axalta Chairman and CEO Charlie Shaver presided. The 5,200 square meter (56,000 sq. ft.) plant is part of Axalta’s Savli […]