Hexagon Purus has held a groundbreaking for a multi-million euro expansion of its Wystrach site in Weeze, Germany, adding a 5,000 m2 production hall and raising staff from 240 to 350.
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.
Progroup began building a waste-to-energy plant next to its PM3 paper factory in Sandersdorf-Brehna, Germany, to supply process steam and about a third of the site's electricity. The plant is set to start operating at the end of 2025.
Voss is expanding its drum coating system for its in-house Voss coat zinc-nickel corrosion protection in Wipperfürth, Germany, increasing plant volume by nearly 50%. The company has invested EUR 2.5 million in galvanizing since 2018.
DS Smith is investing €34 million to modernise and expand its corrugated board plant in Arenshausen, Thuringia, with groundbreaking held for the works. The investment is part of about €120 million spent across three German sites and is expected to create new jobs.
Stora Enso completed the sale of its Maxau paper production site in Germany and related assets to Schwarz Produktion.
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.
DS Smith decided to close its Berlin plant, which can no longer be operated economically, following an analysis of its site portfolio.
DS Smith will invest almost EUR 120 million in expanding and modernising its plants in Nördlingen, Arenshausen and Arnstadt, including a new corrugator at Nördlingen, creating about 100 new jobs.
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.
Jägermeister has moved its transit packaging from solid board to corrugated cases, now sourced from four family businesses in its home region. The change delivers an average 38.4% weight saving and an estimated 249 tons of CO2 savings a year.
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.
Berlin pump maker InLine Hydraulik bought a 13,000 sqm site in Stahnsdorf in December 2022 for a second production plant, starting with 200 jobs and possibly up to 400 later. Production is expected to start in about a year.
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.
Siemens Energy and Dragados Offshore have won a EUR 4 billion contract from Amprion for two 2GW offshore grid connection systems, LanWin1 and LanWin3. Siemens Energy will supply converters, transformers and switchgear with a 10-year maintenance agreement, and Dragados will build and install the platforms.
NETZSCH Pumps & Systems assembled its first progressing cavity pump at the new NETZSCH Campus in Waldkraiburg, Germany, on 9 January 2023. The campus unites three local sites and is planned to run without fossil fuels.
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.
SIG has announced the construction of a 10.25 MWp solar installation at its production site in Linnich, Germany. The announcement is dated 3 January 2023.
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.
DS Smith decided to close its Berlin plant, which it no longer considered economically viable, as part of a review of its German locations.
DS Smith is investing almost EUR 120 million to expand and modernise its plants in Nördlingen, Arenshausen and Arnstadt, Germany, adding capacity such as a new corrugator at Nördlingen. The investment will create about 100 new jobs once construction and commissioning are complete.
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.
Rheinmetall subsidiary Pierburg received an order from an unnamed automaker for low- and high-pressure exhaust gas recirculation modules with a lifetime value of about €300 million, with production starting in August 2026.
Swimming pool technology maker BINDER has begun construction of a new headquarters and production building in the Langes Feld industrial estate in Hameln, Germany, investing 10 million euros. Production is due to start in spring 2023, with administration following at the end of 2023.
CLEMENS Technologies is building a 14,000 m² production and 3,000 m² administration building in Wittlich-Wengerohr, Germany, with an investment of 10.5 million euros. The company says it will double and modernise its production capacity and secure 220 jobs.
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.
SIG will secure physical power purchase agreements with energy supplier Enovos to power 100% of its German carton packaging production with renewable electricity from January 2023.
Weiss-Packaging invested in a new packaging printing facility in Simmerath, Germany, with the printing machine still being installed and production expected to start shortly.
The Panther Group is investing in its Tornesch location in Germany by buying a neighboring 25,000 m² property and ordering two folder-gluers and palletizing robots. A new 6,000 m² production building is planned for 2023.
Valmet signed an agreement to supply 800 Neles NDX valve controllers and 500 Neles B1 actuators to modernize valves at Mercer Stendal's pulp mill in Arneburg, Germany, with delivery finishing by end of 2023.
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.
GEA Heating & Refrigeration Technologies introduced the Grasso L XHP high pressure screw compressor and Grasso V XHP high pressure piston compressor at Chillventa 2022 in Nuremberg.
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.
Ellerhold AG is building a new 12,000 m² cardboard factory at its headquarters in Radebeul, Germany, with about EUR 20 million invested in the building and machinery. Completion is expected by end of 2022, and the plant will shift the company's focus toward packaging production.
Ellerhold AG is building a new cardboard factory of almost 11,000 square metres at its Radebeul headquarters near Dresden, investing EUR 20 million. Completion is planned by the end of 2022, shifting the company's focus from large posters to packaging.
Papier- und Kartonfabrik Varel is in preliminary planning for a plant in Wilhelmshaven on the former Uniper coal power plant site, producing ultra-light corrugated board papers with a capacity of 600,000 tonnes per year. An investment decision is still pending.
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.
Triumph Group's Actuation Products and Services business has won a ten-year contract from Diehl Aviation to manufacture fluid flow controls for passenger aircraft such as the Airbus A320 and A330, produced at its Heiligenhaus, Germany facility.
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.
Ypsomed is investing in additional high-volume production lines at its Schwerin plant in Germany, including added capacity for the YpsoMate auto-injector. Equipment for the expansion has already been ordered and is being installed.
SAMSON AG will relocate its Frankfurt headquarters and production to a 15 ha site in Offenbach am Main, investing several hundred million euro in the MainChange project. The move is planned to secure future capacity and jobs.
Corrugated packaging producer Zerhusen Kartonagen, based in Damme in north-western Germany, announced a €100m investment. The article gives no detail on what the money will fund.
Knorr-Bremse won a framework contract from Alstom to equip at least 130 Coradia Stream regional trains with braking, entrance, HVAC and sanitary systems for trains serving Baden-Württemberg, with deliveries from 2023 to 2029. The value is in the lower three-digit million-euro range.