| In yet another acquisition in a week's time, Telco Construction Equipment Company (Telcon), a subsidiary of Tata Motors focussed on construction equipment sector, has signed an agreement to acquire controlling stake with 60% equity of Comoplesa Lebrero SA of Spain. Comoplesa Lebrero SA, located in Zaragoza, is a market leader in Spain with its Lebrero brand in the manufacturing, marketing and servicing of compaction equipment. Telcon has not disclosed the size of the deal. "Comoplesa Lebrero had generated 20 million euros (Rs 125 crore) revenues during the last financial year," Ranveer Sinha, managing director of Telcon told Business Standard. "This acquisition helps Telcon strengthen and add relevance tothe last week's Serviplem deal of enhancing product ogfferings in the road and general construction value chain," he said. |
| Last week, Telcon had bought over 79% stake in Serviplem SA, a global top six player in transit mixers, dry bulk tankers and pumps. Lebrero was already dealing with Telcon over the past four years in sourcing components for its products, said a press release. Telcon is a joint venture between Tata Motors and Hitachi Construction Machinery Company of Japan, which holds 40 per cent in the JV. |
Short Term trading is about trading in the direction of the market trend. Put simply: Buy when the main trend is UP and Sell when the trend is Down. This is based on technical analysis. A basic moving average on a time frame chart will show the direction of the securities movement. This is not rocket science; it's basic visual realization.
The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective. - Warren Buffet
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