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Motion Industries, Inc. a wholly owned subsidiary of Genuine Parts Company, has entered into a definitive agreement whereby Motion Industries has agreed to acquire Lake Erie Abrasive & Tool (LEA&T), headquartered in Euclid, Ohio.
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GE announced that it has reached an agreement to sell its GE Capital, Transportation Finance business in the U.S. and Canada to BMO Financial Group (BMO).
Read More →Southern Company plans to merge with AGL Resources through a $12 billion acquisition expected to complete by the second half of 2016, according to a Southern Company press release.
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Westport Innovations is acquiring Fuel Systems Solutions in an all-stock deal valued at about $7.54 per share that will create "a premier alternative fuel vehicle and engine company," according to Westport.
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Element Financial Corp. has closed its acquisition of GE Capital's U.S. fleet business and will now turn its attention toward integrating the two entities, the Toronto-based company announced Aug. 31.
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AT&T has completed its acquisition of DirecTV, making it the largest pay TV provider in the world with 26 million customers in the U.S. and more than 191 million in Latin America, according to AT&T.
Read More →The U.S. Federal Trade Commission has granted early termination to the waiting period under an anti-trust law for Element Financial Corp. to acquire GE Capital's fleet management unit.
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The Dutch parent of LeasePlan USA, which is one of the largest global fleet management companies, will be sold to a consortium of investors including pension funds in The Netherlands, Denmark, and Singapore.
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The president of Element Financial Corp. provides the strategic thinking and explains the impact on the fleet industry of the company's acquisition of GE Capital Fleet Services in an exclusive interview with Automotive Fleet.
Read More →Ferrellgas, one of the nation's top propane retailers, has acquired Propane Advantage, LLC.
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