HANSA-FLEX AG has acquired Knapheide, a hydraulic systems supplier to German machinery makers with about 400 employees and revenue in the high double-digit millions of euros, as a strategic investment in mid-April 2023. Knapheide keeps its name and sites.

Sofidel has entered into an agreement with Hakle GmbH to acquire the Hakle trademark and other consumer brands such as Dick&Durstig and Servus, with IP rights and domains. Hakle GmbH will keep producing at its Düsseldorf-Reisholz site under a new name; the deal takes effect after regulatory authorization.

US fridge and air-conditioning group Carrier Global agreed to buy the core business of German heat pump maker Viessmann for about 12 billion euros ($13 billion), according to Reuters Breakingviews.

Sofidel signed an agreement to acquire the Hakle trademark, the Dick&Durstig and Servus brands, and related IP and domains from Hakle GmbH. Hakle GmbH will keep producing paper at its Düsseldorf-Reisholz site under a new name. The deal takes effect after regulatory authorization.

Stora Enso sold its paper production site in Maxau, Germany, for around €210m ($230m) in March 2023.

Danfoss has finalized its acquisition of BOCK GmbH, a maker of CO2 and low-GWP compressors, on 1 March 2023. BOCK's team of 400 staff joins Danfoss; the deal was first announced in late 2022.

AXXERON Group integrated Hensches GmbH of Mönchengladbach and Kallenbach Elektronik GmbH of Euskirchen into its automation segment, strengthening retrofit, remote maintenance and control cabinet manufacturing.

The Nikkiso Clean Energy and Industrial Gases Group completed its acquisition of Cryotec Anlagenbau GmbH, a plant engineering firm in Wurzen, Saxony, for an undisclosed amount. Cryotec will become the group's European competence and production center.

Funds managed by PINOVA, together with NRW.BANK, have acquired VTI Ventil Technik GmbH, a Menden-based maker of high-pressure valves and regulators, from Aalberts N.V. The management team under Lutz Lohmann is investing alongside them.

Chinese Haowu Group agreed to take a strategic, non-controlling 50% stake in crankshaft maker FEUER powertrain, with put and call options and a basic agreement to form a China joint venture for high-end crankshafts.

Maag Group acquired Witte at the beginning of 2023, and the two companies have since merged to develop a new generation of gear pumps.

Swiss firm Maag Pump Systems has acquired Witte Pumps & Technology, a Tornesch, Germany gear pump maker, forming a new integrated Gear Pumps business unit led by Witte's former owner Dr. Sven Wieczorek. The deal was announced on 21 December 2022.

Atlas Copco has agreed to acquire CVS Engineering GmbH, a Rheinfelden, Germany maker of industrial vacuum pumps and blowers for mobile use, which has 76 employees and about €20 million annual revenue. The purchase price was not disclosed and closing is expected in Q1 2023.

Tubex Group sold its extruded plastic tubes business of German subsidiary Tubex Wasungen to PE-backed Multitubes Group through an asset deal. The deal was advised by MP Corporate Finance.

Dover completed the acquisition of Witte Pumps & Technology GmbH, a Germany-based manufacturer of precision gear pumps, which will join its Maag business unit; the price was not disclosed.

H.O.Persiehl acquired WB Verpackungen, a Bremen packaging maker with about 90 staff that supplies multipacks to breweries and folding cartons to food makers, effective retroactively from 1 January 2022.

Danfoss announced its intent to acquire compressor manufacturer BOCK GmbH of Frickenhausen, Germany, from private equity firm NORD Holding, expanding its natural refrigerant compressor portfolio; closing expected by Q1 2023.

UFI Filters Group, through its subsidiary UFI Filters Hydraulics, acquired 100% of Friedrichs Filtersysteme GmbH, a hydraulic filter manufacturer based in Wassenberg, North Rhine-Westphalia.

Standard Motor Products acquired 100% of Kade Trading GmbH, a Glinde, Germany-based supplier of mobile temperature control components with about $6 million in 2021 revenue, funded from its revolving credit facility. The announcement was made on October 5, 2022.

Oltrogge GmbH & Co. KG took over the compressed air technology division of Flaco Geräte GmbH in Gütersloh, effective October 1, 2022, with 85 employees transferring. The announcement was published on October 5, 2022.

Leggett & Platt has acquired Pacoma Hydraulic Technologies, combining it with Precision Hydraulic Cylinders into Leggett & Platt Hydraulics. Pacoma will operate as a sister company with its own management and brand.

AURELIUS Growth Investments has acquired a majority stake in MLS Lanny GmbH, a full-service provider of high-precision control and high-pressure valves based in Bad Wildbad, Germany. The company employs about 70 people.

Atlas Copco has completed its acquisition of Kracht GmbH, a maker of external gear pumps, fluid measurement, valves, hydraulic drives and dosing systems, on 3 January 2024.

PSG, a Dover company, has completed its acquisition of ipp Pump Products GmbH, a maker of rotary lobe pumps for hygienic applications in Bersenbrück, Germany. The exact completion date is not stated on the page.

Dutch corrugated packaging producer De Jong Packaging Group acquired a controlling stake in Wellpappenfabrik Grünstadt-Sausenheim (WSG), a German corrugated sheet and folding box maker founded in 1937. Financial terms were not disclosed and the deal is subject to competition approval.

Germany's Duker acquired Strate of Sarstedt, a manufacturer of sewage pumping stations, non-return valves and aeration valves for municipal and industrial use, in July 2022.

Packaging maker Schur Flexibles has been taken over by a consortium of banks and funds including Apollo, Capital Four, Guggenheim and Palmer Square. The restructuring includes a debt haircut of up to 75 percent, about EUR 400 million, and EUR 150 million of fresh capital.

Aetna Group, through its Robopac and Ocme units, acquired Germany-based Meypack, a maker of end-of-line packaging machines for food, spirits and personal care, announced June 10, 2022.

Japan United, via its German subsidiary United Europe and TRICOR Packaging & Logistics, signed a share purchase agreement to acquire THIMM Packaging Systems, a heavy-duty packaging maker in Hausen, Germany, subject to German antitrust approval.

Japan's Rengo Group agreed to acquire Thimm Packaging Systems, the industrial goods division of Germany's Thimm Group, with the price kept confidential. The takeover awaits Federal Cartel Office approval, expected within weeks.

Macfarlane Group bought PackMann in Germany in an €8.6 million acquisition to expand its distribution division.

Antalis signed a binding offer to acquire BB Pack Group in Germany, a packaging distributor focused on e-commerce, subject to competition approval. BB Pack Group had consolidated turnover of 42 million in 2021.

Fidelium portfolio company Evamo acquired the steering and transmission pump business of Bosch Automotive Steering through a carve-out, with NETWORK advising on the external financing. Evamo has about 900 employees across six sites.

SEMIKRON and Danfoss Silicon Power announced a merger creating a joint power electronics business, SEMIKRON-Danfoss, with over 3,500 workers. The transaction is subject to regulatory approvals and expected to close no later than Q3 2022.

Stiebel Eltron Group acquired PAW GmbH & Co. KG, a family-owned maker of heating, freshwater and flat-station distribution systems employing about 150 people in Hameln, Germany. Terms were undisclosed and Livingstone Partners advised on the sale.

Atlas Copco agreed on 2022-03-21 to acquire Lewa GmbH and Geveke B.V. and their subsidiaries for a combined enterprise value of EUR 670 million. The deal is all-cash and subject to regulatory approvals, with completion expected in Q2 2022.

Schumacher Packaging obtained a majority interest in the Kaierde board mill in Delligsen, Lower Saxony, raising its solid board capacity at the site from 50,000 to 75,000 tons per year. The deal is part of a 700 million euro investment programme to 2025.

Atlas Copco announced the finalization of its acquisition of Soft2tec, a Rüsselsheim, Germany maker of camera-based tracking systems, which becomes part of its Desoutter business line.

SPIR STAR AG has taken over all business activities of the sole proprietorship Skarke Ventilsysteme through its new subsidiary Skarke GmbH in Rimbach, Germany, at the start of fiscal year 2022. The company makes oil drain valves, breather valves, filters and dipsticks.

Munich-based Liberta Partners acquired a majority stake in CWFC Phönix Group GmbH, a valve maker in Volkmarsen, Germany, as a carve-out from Curtiss-Wright. The company has a capacity of 30,000 valves per year.

Ringmetall SE agreed to acquire the business, production plants and property of Rhein-Plast GmbH through an asset deal. Rhein-Plast has about 80 employees and annual sales of around EUR 13 million, and makes polyethylene films and bags in Bad Dürkheim.

Schumacher Packaging acquired a majority stake in Kartonfabrik Kaierde in Delligsen, Lower Saxony, lifting its solid board capacity by 50% from 50,000 to 75,000 tonnes per year. The deal is part of a €700 million investment program running to 2025.

Atlas Copco acquired NATEV GmbH of Borken, Germany, a maker of positioning solutions for assembly tools, to expand its industrial technique business area. Financial terms were not disclosed.

Ingersoll Rand Inc. completed its acquisition of Seepex GmbH, a Bottrop, Germany maker of progressive cavity pumps with about 800 employees and roughly EUR 160 million revenue. The deal was announced as complete on September 1, 2021.

Tillotson acquired all assets of PVL Probosch-Vogt-Loos Electronic and Elektrotechnik, a German maker of small engine ignition systems, which will continue operating in Cadolzburg through a new subsidiary.

Ingersoll Rand agreed to acquire German progressive cavity pump maker Seepex GmbH in an all-cash deal valued at €431.5 million, expected to close in Q3 2021 pending regulatory approvals. Announced June 21, 2021.

Munich-based Accursia Capital acquired 100% of Müller & Bauer GmbH & Co. KG, a metal packaging producer in Metzingen, Germany, from G. Staehle GmbH & Co. KG. The company employs 100 people.

Atlas Copco agreed to acquire Arpuma, a specialized vacuum systems and solutions provider with 14 employees based in Kerpen near Cologne, Germany, serving the chemical and pharmaceutical industry. The purchase price was not disclosed. The deal was expected to close in late Q2 2021.

Mimir Group agreed to acquire Wärtsilä Euroatlas GmbH from Wärtsilä Corporation. Euroatlas, based in Bremen, makes power conversion systems for naval, aviation and mobile land applications; closing is expected in Q3 2021.

Folding carton maker Joh. Leupold GmbH & Co. KG, majority-owned by Waterland Private Equity since August 2020, is merging with carton and corrugated packaging maker Strobel AG of Roth. The founding Strobel owners remain during a transition phase.