Private equity firm Fidelium Partners agreed to acquire the steering and transmission pump business of Robert Bosch Automotive Steering. Financial terms were not disclosed. The deal was announced on 31 March 2021.
Financial investor NORD Holding completed the purchase of compressor manufacturer GEA Bock from GEA Group on February 26, 2021, and the company now operates as Bock GmbH. The deal included the Frickenhausen headquarters and subsidiaries in China, India and the Czech Republic.
IDEX Corporation completed its acquisition of German piston and diaphragm pump maker ABEL GmbH, which has been part of IDEX since March 2021. ABEL will join IDEX's Fluid and Metering Technology segment.
POLIFILM EXTRUSION GmbH acquired 100% of SAXA Packaging GmbH, which operates a blown film plant in Neukirchen/Pleiße, Germany. The deal adds broad and barrier films to POLIFILM's portfolio. The purchase price was not disclosed.
BorgWarner and AKASOL signed a Business Combination Agreement on 15 February 2021 for a strategic partnership. BorgWarner's subsidiary will launch a voluntary public takeover offer of EUR 120.00 per share, a 23.4% premium, with founders holding 59.4% of shares committed to tender.
Mexico's Envases Universales Group agreed to buy the HUBER Packaging Group, a European tinplate packaging maker with about 900 employees and plants in Germany, Austria, Switzerland, UK and Hungary. VIRETUM CONSULT acted as sole financial advisor to the shareholders.
Wuppertal-based MIB Industriebeteiligungen acquired Verpackungstechnik Frielinghaus GmbH, a plastic hollow-body maker, in a succession arrangement. Ebner Stolz advised the buyer on financial and tax due diligence.
Hillenbrand agreed to sell Abel Pumps L.P. and affiliates to IDEX Corporation for $103.5 million in cash, subject to post-closing adjustments. The deal is expected to close in Hillenbrand's second fiscal quarter.
Worthington Industries has acquired PTEC Pressure Technology GmbH, a German designer and maker of valves and components for hydrogen and CNG storage systems, based in Burscheid, Germany. The company has 11 employees.
FLSmidth agreed to sell its Germany-based Möller (FLSmidth Hamburg GmbH) pneumatic conveying systems business to French group REEL. The agreement was signed on 29 December 2020 and the terms are confidential.
Envases Europe, a subsidiary of Envases Group, agreed to acquire Huber Packaging Group, a German maker of tinplate and plastic packaging with about 900 employees at six European sites. The deal, subject to competition review, is expected to close in Q1 2021.
Nuremberg-based Gossen Metrawatt acquired WPT and all its subsidiaries, and WPT was renamed Global Power Technology (GPT).
Spectris plc sold Brüel & Kjær Vibro GmbH, a Darmstadt-based machinery protection and condition monitoring supplier, to Japan's NSK for EUR 180 million (GBP 163 million).
Atlas Copco agreed to acquire Ehrler and Beck GmbH, a distributor of vacuum equipment and services based in Renningen, Germany with 15 employees. The purchase price was not disclosed and the deal is expected to close in January 2021.
The Carlyle Group agreed to acquire Flender GmbH, a mechanical and electrical drive technology maker, from Siemens AG. The deal is subject to regulatory approval, and Jeantet advised Carlyle on it.
Stiebel Eltron agreed to acquire a majority shareholding in Zimmermann Lüftungs- und Wärmesysteme, a Freudenberg, Germany maker of heating and heat-recovery systems under the Proxon and Atarus brands.
GEA has agreed to sell compressor maker Bock, including Bock GmbH and its subsidiaries in the Czech Republic and India plus sites in China and Australia, to German private equity firm Nord Holding. Financial terms were not disclosed and closing is expected in early 2021.
Neway Valve called off its planned EUR 11.3 million takeover of Germany's Econosto International Holding due to Covid-19 market changes, and will pay EUR 500,000 in compensation.
KHS GmbH agreed, pending antitrust approval, to acquire a stake in Ferrum Packaging AG, while Ferrum Packaging Inc. takes over KHS's can seaming business to combine can technology in a joint offer.
Waterland Private Equity Investments is acquiring Joh. Leupold, a German folding carton producer, including its subsidiary Schneller, as part of a succession plan. The article is dated 5 August 2020 and no value was disclosed.
Atlas Copco acquired the assets of THN Druckluft and Produktions GmbH & Co.KG, a compressed air and service provider based in Erkelenz, North Rhine-Westphalia, Germany, on August 4, 2020. The purchase price was not disclosed.
Waterland Private Equity is acquiring all shares of folding carton producer Leupold and its subsidiary Schneller, based in Schwabach, Germany, as part of a family succession plan. The deal is subject to German competition approval and terms were not disclosed.
Italian pump maker Bertolini Pumps acquired German sprayer component maker altek GmbH, with all employees retained and managing director Thomas Schwert continuing. The acquisition was announced on 29 July 2020.
Vexve Armatury Group acquired 95.5% of ZMK Technologies GmbH, a Düren-based maker of petrochemical valves, from Advanced Holdings and the founders. ZMK's operations continue in Düren.
Magna International announced the acquisition of ixetic Verwaltungs GmbH, a maker of automotive vacuum, engine and transmission pumps with plants in Germany, Bulgaria and China, for about €308 million.
Munich-based Accursia Capital acquired tinplate packaging maker Klann Packaging from fellow Munich holding company Mutares on 18 May 2020. Financial terms were not disclosed.
Private equity investor CGS Management, through portfolio company EOL Packaging Experts, acquired a majority stake in BMS Maschinenfabrik of Pfatter, a maker of sorting systems and dry parts solutions. The deal was announced on 13 May 2020; no value was disclosed.
Spirax-Sarco Engineering agreed to acquire the Gestra division of Flowserve, a Bremen-based maker of steam and fluid control valves, for EUR 186 million on a cash-free, debt-free basis, with the purchase contract signed on 31 March 2017.
Exel Industries acquired Intec GmbH, a maker of bonding and dosing equipment for automotive body assembly with about 120 staff in Erftstadt, Germany, from the insolvency administrator of Eisenmann SE. Closing was completed in February 2020.
Voith Group and Moog Inc. signed contracts on 29 April 2020 to form the joint venture HMS - Hybrid Motion Solutions GmbH in Rutesheim, focused on hydrostatic servo-hydraulic drives for industrial markets.
EQT is reported to be in talks to acquire Schülke, a German hygiene solutions provider, from Air Liquide. No deal has been announced and no value was given.
Dover has entered into a definitive agreement to acquire Em-tec GmbH, a Finning, Germany-based maker of ultrasound flow measurement devices for medical and biopharma applications. Terms were not disclosed and closing is expected in Q2 2020.
NIBE Industrier signed an agreement to acquire 100% of German heat pump manufacturer WATERKOTTE GmbH, which operates in Herne and Georgsmarienhütte in Germany. The purchase price was not disclosed, and consolidation is expected from 1 April 2020. The announcement was made on 10 March 2020.
AR Metallizing, a Nissha subsidiary, completed its acquisition of the paper coating side of Eurofoil in Berlin, excluding the aluminium foil operation. The deal adds metallized paper capacity and direct food-contact packaging products.
Atlas Copco made a cash takeover bid for German vision technology group Isra Vision, valuing it at 1.09 billion euros ($1.19 billion) including debt, offering 50 euros per share, a 43% premium to Friday's close.
China's Neway Valve plans to acquire Dortmund-based flow control products maker Econosto International Holding for EUR 11.3 million (USD 12.5 million) to expand its international market share. Neway's board approved the plan, and the company said on Dec. 6 it will move on to an equity transfer deal.
Funds advised by Triton have completed the acquisition of a stake in All4Labels, a Hamburg-based label manufacturer, while minority shareholder Genui Partners sold its shares. The financial terms were not disclosed.
Nissha's subsidiary AR Metallizing N.V. signed a share purchase agreement to acquire Eurofoil Paper Coating GmbH, a German metallized paper manufacturer, with completion expected toward the end of November 2019 subject to German cartel approval. The announcement was made on 8 November 2019.
Thimm Packaging Systems, part of Thimm Group, is taking over ISL Group's two German sites in Viernheim and Serba, which employ about 250 people and generated €25m revenue in 2018. The deal awaits Federal Cartel Office approval, and the price was not disclosed.
Quadpack acquired Louvrette, a German injection-moulding maker of skincare packaging jars, adding 8,500 m2 of manufacturing facilities and 40 injection-moulding lines. Financial terms were not disclosed.
The Timken Company agreed to acquire BEKA Lubrication, a Pegnitz, Germany-based supplier of automatic lubrication systems, for approximately $165 million. BEKA's 2019 sales are expected to be around $135 million, and the deal is subject to German regulatory review.
ITT completed its acquisition of Rheinhütte Pumpen, which is headquartered in Wiesbaden, Germany and makes centrifugal and axial flow pumps for aggressive media in chemical, mining, renewable energy and refinery processes. The deal was reported in the Q2 2019 pump M&A review.
DBAG Fund VII, advised by Deutsche Beteiligungs AG, will acquire the majority of Cartonplast Group from Stirling Square Capital Partners in a management buy-out. Closing is subject to antitrust approval and is not expected before October 2019.
OLBRICH GmbH has acquired the remaining shares of Polytype Converting from Jagenberg AG, now owning 100% of Polytype Converting GmbH in Hamburg and Polytype Converting AG in Fribourg. The move integrates the unit fully into the OLBRICH Group.
Deutsche Beteiligungs AG acquired reusable plastic layer pad maker Cartonplast, headquartered in Dietzenbach, from financial investor Stirling Square Capital Partners, with management participating under the new ownership.
Deutsche Beteiligungs AG will co-invest about EUR 26 million alongside DBAG Fund VII, which takes a majority stake in Cartonplast Group GmbH from Stirling Square Capital Partners in a management buy-out. Closing is not expected before October 2019.
Funds advised by Triton agreed to acquire a stake in All4Labels, a Hamburg-based label manufacturer, with the minority shareholder Genui Partners selling its shares. Financial terms were not disclosed.
Rengo announced that its subsidiary Tri-Wall Limited will acquire Germany-based TRICOR Packaging and Logistics AG, a heavy-duty corrugated packaging producer. Completion was expected before the end of August 2019.
From July 1, 2019, Kaeser Kompressoren SE of Coburg, Germany, sells the magnetic-bearing turbo compressors made by PillAerator GmbH in Moringen, taking over the operative business of the subsidiary of Piller Blowers & Compressors.
The Flacks Group, a US private investment group, has bought submersible pump maker Pleuger Industries from Flowserve, returning the Hamburg, Germany company to independence. Pleuger employs more than 200 people and plans further locations in the USA and Russia.