Global

Airbus appoints Christian Scherer as new Sales Chief
Global

Airbus appoints Christian Scherer as new Sales Chief

Airbus has appointed Christian Scherer, 56, Chief Commercial Officer (CCO), replacing Eric Schulz, who resigned from the company for personal reasons. Christian Scherer will start his new assignment with immediate effect. He will report to Airbus Chief Executive Officer (CEO) Tom Enders. Tom Enders, Airbus CEO, said: “With Christian Scherer […]

Bayers appoints Stefan Oelrich to board
Global

Bayers appoints Stefan Oelrich to board

Bayer AG has appointed Stefan Oelrich (50) to the company’s Board of Management. The company said Stefan Oelrich ill succeed Dieter Weinand as head of the Pharmaceuticals Division as of November 1, 2018. Weinand is leaving the company for family reasons. He will be joining the Executive Committee of Sanofi […]

Carlyle buys major stake in Sedgwick
Global

Carlyle buys major stake in Sedgwick

The Carlyle Group said today that it has agreed to become the majority owner of Sedgwick in a transaction valued at approximately $6.7 billion. Sedgwick is a provider of technology-enabled risk, benefits and integrated business solutions, announced today that affiliates of funds managed by The company said in a statement […]

Stanley acquires 20% stake in MTD Tools
Global

Stanley acquires 20% stake in MTD Tools

Stanley Black & Decker said it has acquired 20% stake in MTD Products Inc.  MTD Products Inc., is a lawnmower maker based in the United States. Stanley said it paid about  $234 million for the stake in the smaller company when compared to its size. The company said in a […]

LDC sells stakes in BOFA International
Global

LDC sells stakes in BOFA International

LDC, a private equity investor LDC said it has completed the sale of fume extraction and filtration specialist BOFA International (BOFA) to NYSE-listed Donaldson Company. Donaldson Company is a worldwide manufacturer of filtration systems and parts. LDC said in a statement that Donaldson has agreed to acquire an 88 per […]