Atlas Copco has acquired Bold & Cichos GbR, a compressor distributor based in Waldfischbach-Burgalben, Germany, with about 15 employees. The company also offers service and engineers air package container solutions. The purchase price was not disclosed.
ITT Inc has completed its acquisition of the Rheinhütte Pumpen Group, a German pump maker. The deal was previously reported in February 2019.
French plumbing manufacturer SFA Group, parent of Saniflo, acquired Zehnder Pumpen GmbH, a German pump maker based in Grünhain-Beierfeld, Saxony. The acquisition is effective from 1 January 2019 and Zehnder will remain a separate legal entity.
Italian manufacturer Safim, a portfolio company of Ambienta, completed the acquisition of OMNI Hydraulik Ritter GmbH, a German distributor of hydraulic valves and brake pumps for off-highway vehicles. The deal was announced on 28 February 2019.
Aliaxis signed an agreement to divest pump maker Rheinhütte Pumpen to ITT Inc. for a cash consideration of about €80.5 million. The deal is expected to close in the second quarter of 2019, subject to regulatory approvals.
French sanitary manufacturer SFA acquired Zehnder Pumpen GmbH of Grünhain, Saxony, which will become a wholly-owned subsidiary and keep its own brand. Dentons advised SFA on the deal, which was reported on 29 January 2019.
Koenig & Bauer and Durst signed a letter of intent for a 50/50 joint venture in Germany to develop and make water-based digital single-pass presses for folding carton and corrugated printing. Manufacturing of the VariJET press is to start in time for Drupa 2020, subject to merger control approval.
INVENT Umwelt- und Verfahrenstechnik took over the Erzhausen-based company Geppert Rührtechnik GmbH and founded INVENT Industrial Mixing Systems GmbH, expanding its portfolio into industrial mixing products. The deal was reported in 2016.
Thailand-based Indorama Ventures agreed to acquire German firm Invista Resins and Fibers, including its Gersthofen value-added PET manufacturing facility.
Knoll Maschinenbau is selling its eccentric screw pump (MX) business, which it has run for about 15 years, to Pumpenfabrik Wangen effective 1 April 2019. Knoll will focus on its core metalworking chip and coolant management business.
Atlas Copco acquired Industrie Pumpen Vertriebs GmbH (IPV), a Dresden-based distributor of industrial pumps for the Varisco brand with about 20 employees and revenues of roughly EUR 5 million in 2017. The purchase price was not disclosed.
Danfoss signed an agreement to acquire privately held Hydraulik Nord Fluidtechnik, a supplier of hydraulic steering solutions based in Parchim, Germany. The deal is intended to expand Danfoss Power Solutions' product portfolio and manufacturing capacity.
Spirax-Sarco Engineering signed a conditional agreement to buy Gestra AG and associated businesses from Flowserve for a cash-free, debt-free consideration of EUR 186 million. Gestra is headquartered in Bremen, Germany and makes boiler control systems, valves and steam control equipment. Completion awaits German merger control approval.
Indorama agreed in late December 2018 to acquire Invista's 282,000 metric-ton-per-year PET operation in Gersthofen, Germany, which makes industrial fibers and packaging resins.
Krones acquired MHT Holding, a Hochheim, Germany-based producer of PET preform moulds and injection moulding tools, for an undisclosed sum. The acquisition strengthens Krones' PET value chain and tool manufacturing.
AURELIUS Equity Opportunities agreed to acquire water valve manufacturer VAG of Mannheim, Germany, from US-listed Rexnord Group. VAG has 1,200 employees and about EUR 200 million in recent sales; the deal was scheduled to close in Q4 2018.
Belgian carton packaging maker P. Van De Velde Group has acquired Bergische Kartonagenfabrik, a folding carton producer based in Velbert, Germany, with around 100 employees, as part of its buy-and-build strategy.
URACA GmbH & Co. KG acquired DYNAJET GmbH of Nürtingen on 24 September 2018. DYNAJET will remain a standalone brand and keep its development and production at Nürtingen.
An investment holding company managed by GFEP Family Equity acquired the majority of ETT Verpackungstechnik GmbH and ETT Service GmbH in a succession deal. ETT, based in Moringen, Lower Saxony, makes end-of-line packaging systems, and the existing management will continue.
De Jong Packaging Holding completed its acquisition of Gaster Wellpappe, a German corrugated manufacturer with locations in Heidelberg and Augsburg. The deal extends DJV's production into Germany.
WestRock signed an agreement to acquire German leaflet and booklet supplier Schlüter Print Pharma Packaging, which will join its Multi Packaging Solutions business. The deal expands WestRock's pharma and European footprint.
Emerson has completed its purchase of Aventics, a Germany-based pneumatics and fluid control technology maker with about 2,100 employees and five manufacturing locations, expanding its automation presence in Europe.
Mechanical seal specialist John Crane completed its purchase of Seebach GmbH, a German provider of mechanical seals.
Tata Steel and ThyssenKrupp announced a merger of their European steel operations as a 50/50 joint venture. The article does not give a deal value.
Glatfelter signed a definitive agreement to buy Georgia-Pacific's European nonwovens business for $185 million, including the Steinfurt, Germany airlaid plant with 32,000 metric tons capacity.
LIVIA Corporate Development agreed to acquire Smurfit Kappa's Baden board and packaging facility in Gernsbach, Germany, which has 298 employees and a mill producing 152,000 tons of recycled carton board a year.
Woodward has completed its acquisition of L'Orange GmbH and related operations for an enterprise value of €700 million (US$811 million). The deal strengthens Woodward's Industrial segment.
Bosch is reportedly looking for a buyer for the food units of its packaging technology division. The report is unconfirmed and the article suggests a sale is likely.
BORSIG has taken over the product business of artec Armaturen und Industrieservice GmbH, adding ball valves and steam coolers to its valves business. The deal takes immediate effect.
Unibloc-Pump Inc. of Marietta, Georgia has acquired German manufacturer R&H GmbH, creating a combined European market leader in road tanker pumps. The deal was announced on May 30, 2018.
Emerson agreed to acquire Aventics, a smart pneumatics technology maker with central offices in Laatzen, Germany, from Triton for a cash price of €527 million. Aventics has about 2,100 employees, five manufacturing locations and 2017 sales of $425 million.
Woodward Inc. and Rolls-Royce signed an agreement for Woodward to acquire L'Orange GmbH and related operations in Germany, the US and China for an enterprise value of €700 million (US$859 million). L'Orange will be renamed Woodward L'Orange.
Max Automation has completed the sale of its subsidiary NSM Packtec GmbH, based in Ahaus, to Chinese company Ningbo Lehui International. NSM Packtec makes filling and packaging machines for dairy and non-alcoholic beverages and employs about 50 people. The closing was reported on 2018-03-14.
RPC is buying Nordfolien GmbH, a maker of flexible packaging such as the NordiPure bag-in-bag, to build its flexible packaging platform. The article reports the deal on 2018-03-13 without stating a value.
China's Ningbo Lehui International Engineering Equipment acquired Ahaus-based NSM Packtec GmbH, effective 9 March 2018, and the company was renamed Finnah Packtec GmbH. The existing product program and management remain unchanged.
BST eltromat International acquired a stake in Nyquist Systems, both German quality assurance system providers for the printing and packaging industries.
AxFlow Germany is acquiring Pumpen Karrer, a family-owned pump repair and maintenance firm in Germany's Allgau region, which will become its regional service base and take over the KSB service agreement.
AxFlow Germany, part of Axel Johnson International's Fluid Handling Solutions group, acquired family-owned pump repair and maintenance company Pumpen Karrer, creating a regional base in the Allgau region west of Munich. The announcement was made on February 1, 2018.
Tapì Group, a beverage closures maker owned by Wise SGR, has entered a binding agreement to buy 80% of T&G GmbH, the sole distributor for Germany, Switzerland, Poland, Austria and the Netherlands. The founder keeps the remaining 20%.
BE Beteiligungen, with an investor group led by ARCUS Capital AG, acquired machine and tool builder Spitznas and its affiliate Transtools. Spitznas is based in Velbert, Germany, and Transtools in Lublin, Poland. No deal value was given.
Armstrong Fluid Technology completed the acquisition of the Circulator Pump business unit of Halm Motors + Systems GmbH in Germany. The article gives no deal value or date beyond the article date.
Horb-based press maker Lauffer Pressen has combined with Chinese press manufacturer HFM (Hefei Metalforming Intelligent Manufacturing), which will become a strategic partner. Lauffer reported 2017 order intake of about EUR 50 million and sales of EUR 45 million, and says it will remain independent.
Effective January 1, 2018, WIKA acquires Hirschmann MCS, a business unit of Hirschmann Automation and Control owned by Belden, which becomes WIKA Mobile Control with sites in Ettlingen, Chambersburg and a China joint venture.
The private owners of Spitznas Maschinenfabrik in Velbert, Germany, and Transtools in Lublin, Poland, agreed to sell their entire shareholding to an investment vehicle managed by ARCUS Capital AG. Clairfield advised the sellers.
Circor International agreed to buy Colfax's fluid handling pump business, which includes the Allweiler site in Radolfzell, Germany, for $855 million, of which $542 million is cash and the rest Circor shares. Colfax will hold 16% of Circor after closing, expected in Q4 2017.
HQ Equita agreed to sell ROVEMA GmbH, a German maker of vertical form-fill-seal food packaging machinery based in Fernwald, Hesse, to Franz Haniel & Cie, subject to regulatory approvals; Alantra advised the seller.
Bayer sold a further 6.9 percent of Covestro shares for EUR 1 billion, reducing its direct stake to 24.6 percent and ending control via a control termination agreement effective September 30, 2017.
Aliaxis Group sold SED Flow Control GmbH, a valve maker based in Bad Rappenau, Germany with 100 employees, to Samson AG. EC M&A advised Aliaxis on the deal, and no value was disclosed.
Swiss family office Zobel Values AG acquired flexible packaging specialist RCP Randstadt from Dutch investor nimbus hands-on investors; RCP has about 150 employees and 2016 revenue of about EUR 30 million.
Danfoss has acquired the Kavlico thin-film sensor technology and a 6,000 sqm building with a clean room near Hannover, Germany, from Sensata Technologies, with up to 40 new employees.