Home / NEWS / Titagarh Wagons Up 10%, Buys Italy’s Coach Manufacturing Co – Ways2Capital

Titagarh Wagons Up 10%, Buys Italy’s Coach Manufacturing Co – Ways2Capital

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Shares of Titagarh Wagons (TWL) spiked nearly 10 percent intraday Friday on acquisition of Italy-based company Firema Trasporti SpA. “Titagarh Wagons on Thursday announced its foray in the metro coach and high-speed train manufacturing with the acquisition of the business of Firema Trasporti SpA based in Italy,” said the private sector wagon manufacturer. The transaction involved transfer of technology, all tangible and intangible assets and some liabilities relating to ongoing orders, it added.

Read more at: http://ways2capital-equitytips.blogspot.in/2015/07/titagarh-wagons-up-10-buys-ltalys-coach.html#sthash.cumkYEM9.dpuf

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