News in the Engineering sector

Plastic Engineering (Leamington) Limited has been placed into administration due to a lack of orders as a consequence of the struggling automotive market in Britain. [more]

East Anglia-based engineering firm SLP has been placed into administration by its directors due to a drawn out legal row over a Middle East oil contract. [more]

Shell has put its Stanlow complex on the market, with interest already expressed from two billionaire Indian brothers, and Libya's national oil firm together with Indian conglomerate Essar, among ot [more]

Huddersfield-based Meltham Mills Engineering (MME) has been placed into administration with the loss of 15 of its 75 staff. [more]

DeepStream Technologies, a Wales-based hi-tech business is calling in the administrators, just a few months after announcing expansion plans. [more]

BG Group, the British oil and gas giant, have pitched a second £6.7 bn offer for the Australian energy group, Origin Energy, directly to the sharehol [more]

Engineering company, Bodycote, have decided to sell its materials testing business for around £ [more]

BP have suggested that its alternative energy division could be placed on the market for £3.5bn, in order to take advantage of rising values in the renewable sect [more]

The private UK support services company, OCS Group, is seeking to sell its engineering business, OCS Engineering. [more]

Administrators called in to a Newport steel plant are trying to find a buyer in the new year. [more]

As part of Trelleborg’s strategic and operational action program within the Trelleborg Automotive business area, Trelleborg has entered an agreement in principal to divest its operations in Coventry, UK, which belong to Trelleborg Automotive UK. The operations will be taken over by the company’s mana [more]

Amtek Auto Ltd has acquired one of the largest automotive precision machining companies, Triplex- Ketlon Group, which was also Amtek's strongest competitor, running close to 185 different machining lines and a multi-location presence in the [more]

Invensys plc has announced that it has entered into an agreement to sell APV to SPX Corporation for a cash consideration of £250m, subject to customary regulatory approvals. The disposal is being made on a “debt free/ cash free” basis and completion is expected to take place by the end of D [more]

The boards of Cookson Group plc and Foseco plc have announced that they have reached agreement on the terms of a recommended cash offer by Cookson for the entire issued and to be issued share capital of Foseco. It is intended that the Acquisition will be implemented by way of a court approved scheme of arrangement under section 425 of the Companies Act. [more]

Severfield-Rowen Plc , the market leading structural steel group, has announced that it has agreed to acquire Action Merchants Limited , the holding company of Fisher Engineering Limited, a constructional steel fabricator. [more]

The Weir Group Plc has announced that it has agreed to acquire SPM Flow Control, Inc for $653m (£328m). Anticipated revenues for calendar year 2007 are $320m (&po [more]

FKI, the British engineering group that’s currently in talks with an unnamed suitor regarding a proposal thought to be around £765m, has announced that it is looking to dispose its Hardware and FKI Logistex bu [more]

Amec, the UK-based support services group, announced yesterday that it is to sell its 50 per cent stake in its Amec Spie Rail Systems business to French infrastructure company Colas for an estimated £2 [more]

Mounting talk surrounding the possibility of a sale of Weir Group’s founding business Weir Pumps to Swiss company Sulzer, was yesterday further fuelled by the refusal of a Weir Group spokeswoman to rule out the disposal, reported The Herald newspa [more]

UK-listed engineering group Melrose is rumoured to be close to a sale of its aerospace division. [more]