SingTel appears to be buying a minority stake in Malaysia's debt-ridden Time Engineering, and its wholly owned subsidiary Time dotCom (Time Engineering itself is part of the politically well-connected Renong Group).

CNN: Business: SingTel Wins One At Last

Munich Re grabbed Hartford Steam Boiler, a subsidiary with a tremendous reputation for underwriting engineering projects, for just a bit over half of what AIG had paid nine years before.

ECONOMIST: Prudential buys AIA: Grand Pru | The

The biggest computer-aided engineering software firms, Ansys, Dassault Systemes and LMS International, a Siemens subsidiary, have enjoyed double-digit revenue growth in recent years as large customers snap up their pricey suites of simulation and material analysis software.

FORBES: Move up http://i.forbesimg.com t Move down

Doble (now a subsidiary of ESCO Technologies) is probably one of the least publicly recognized companies in the power engineering business, which is surprising given their longevity and global reach.

FORBES: Six Decades in the Utility Business With Doble Engineering: A Seasoned Veteran Looks Back

Eircom formed a wholly owned subsidiary called Service Enterprise Holdings, which took a 35% equity stake in one partner, Telecom Engineering Services, and a 30% equity stake in a new unit of Modern Networks, the other.

FORBES: The Irish way