BANGALORE, INDIA--July 30, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--Gammon India Limited (BOM:509550) (Mumbai), a leading construction firm focused on the power sector, is reportedly in talks with power firm Sofinter S.p.A. (Gallarate, Italy) to acquire a majority equity stake in Sofinter's subsidiary, Ansaldo Caldaie, which manufactures boilers. The deal, if clinched, is estimated to be worth well over $70 million. Last month, Gammon paid $63 million for a 75.1% stake in Franco Tosi Meccanica S.p.A. (Legnano, Italy), a steam turbine manufacturer. It also picked up a 50% equity stake for $12 million in Sadelmi S.p.A. (Milan, Italy), an engineering, procurement and construction services company in the power sector. The Sofinter deal would be Gammon's third acquisition in the Italian market.