Ausenco sold to Eldridge, Brightstar, Claure Group

A trio of companies including Eldridge, Brightstar Capital Partners and the Claure Group have inked a definitive agreement to acquire a majority stake in Australian-headquartered engineering firm Ausenco from Resource Capital Fund and other investors. No financial terms have been disclosed. Ausenco said its co-founder Zimi Meka will remain CEO, board member and investor in Ausenco. Mike Burke, former chairman…

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Coming late 2023: Cummins Poland rebuild facility

Cummins recently said it is ready to open the doors later this year on a US$10 million investment it has made into its engine manufacturing capabilities: its new high-horsepower engine rebuild facility in Krakow, Poland. The state-of-the-art center will be the company’s first such specialist rebuild facility in Europe and will permit it strategic support for its customers throughout the…

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