Hitachi Energy won a major order from TenneT and TransnetBW to supply HVDC Light converter stations and cable section stations for the 2,000 MW SuedLink DC4 interconnection, announced August 3, 2022.
Hitachi Energy won a major order from TenneT and TransnetBW to supply HVDC Light converter stations for the SuedLink DC4 link, which will carry up to 2,000 MW from Wilster in the north to Bergrheinfeld in the south. The announcement was made on 3 August 2022.
Weber Maschinenbau is investing almost ten million euro in expanding and modernizing its Neubrandenburg plant, starting with a 3,200 square meter logistics center and later expanding halls 5 and 6. Construction started after the building permit was officially presented.
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.
Thimm group expanded its folding box production capacity at its Wörrstadt, Germany site by installing a new production line, a few months after commissioning a new folder gluing machine.
Packaging manufacturer Thimm installed a new Bahmüller Turbox folder gluer and automated downstream equipment at its Wörrstadt site for EUR 4.2 million, to meet rising e-commerce packaging demand.
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.
Mondi will supply German bike maker Diamant with pre-made recyclable paper Protector Bags to replace plastic bubble wrap on handlebars. The change is expected to cut Diamant's plastic use by about 16 tonnes a year, and Mondi produces the bags at its Trebsen plant in Germany.
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.
Progroup has broken ground on a new corrugated sheetfeeder plant between Petersberg and Höheischweiler, investing more than EUR 90 million and creating 60 jobs. Production is set to begin in the second half of 2023.
Schoeller Allibert developed a Corona 20-pocket beer crate for AB InBev containing at least 20% recycled maritime plastic waste, launched in Germany. The article is dated June 27, 2022.
Siemens Mobility awarded Knorr-Bremse a double-digit million-euro contract to supply braking and entrance systems for 43 ICE 3neo trains for Deutsche Bahn. Deliveries run from 2024 to 2027.
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.
Auer Packaging GmbH of Amerang received its largest single order in company history, worth €7.9 million, from a Danish recycling service provider for special plastic big boxes used to recycle PET bottles and aluminium cans.
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.
THIMM Group plans to invest 400 million euros over five years in automation, digitalization, modernization and expansion of all its locations.
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.
Seehafen Kiel commissioned Siemens to build two additional SIHARBOR shore power plants at Kiel's Ostuferhafen, with a total investment of about €17 million. Completion is planned for the end of 2023.
Macfarlane Group bought PackMann in Germany in an €8.6 million acquisition to expand its distribution division.
Auer Packaging received its largest single order in company history, worth 7.9 million euros, from a Danish recycling service provider. The order covers KLK folding big boxes with lids for recycling PET bottles and aluminium cans.
CompAir, part of Ingersoll Rand, has completed the transfer of foreign screw compressor production capacity to its Simmern site in Germany, which is being upgraded and reconfigured.
Pump maker Allweiler announced investments of around €30 million at its Radolfzell site in Germany, aiming to secure the location amid ongoing restructuring.
Novelis is investing more than $30 million in a new continuous annealing line at its Plettenberg-Ohle, Germany plant, doubling capacity for aluminium used in coffee capsules.
Linde Hydraulics is investing EUR 50 million in 50 projects across its German sites, including its Aschaffenburg main plant, the Ballenstedt valve factory and the AB-GUSStech foundry. The programme is to be completed by 2025.
HUBER SE started construction of a new production hall of about 7,000 m² at its Berching, Germany headquarters, expanding its two existing halls for its 150th anniversary. The new hall is expected to relieve existing halls and allow other process areas to expand.
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.
Schumacher Packaging is expanding its Greven plant in the Airportpark FMO by about 14,000 square metres, investing around EUR 70 million and creating 200 jobs in 2021/2022. Annual corrugated board capacity at the site rises to 600 million square metres.
Huhtamaki is switching its Alf, Germany site from plastics to smooth molded fiber packaging, adding capacity of up to 3.5 billion fiber products a year. The unit plans to replace more than 2,000 tons of plastic with fiber in 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.
Keurig Dr Pepper and Cologne-based packaging maker PAPACKS launched a partnership to develop a fully recyclable, compostable paper beverage bottle, with a prototype expected by end of 2022.
MM Group signed a EUR 65 million syndicated green loan classified as sustainable, financing the rebuild of a board machine at its Neuss site in Germany.
Zerhusen Kartonagen is building a second plant in the Niedersachsenpark industrial area in Rieste, with a 15,000 square metre production hall and about 50 jobs, with construction starting in autumn and operation planned for summer 2023.
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.
Ellerhold Group chose the Litholiner system from Quantum-Stock for its new plant under construction in Radebeul, Germany, which replaces the existing laminator plant and is due for completion at the end of the year.
Friedrich Vorwerk Group SE won significant parts of the contract to build the 7-km FWS-West district heating pipeline in Hamburg, worth more than 70 million (currency not stated). The pipeline will carry heat from the planned Dradenau CHP plant under the Elbe and is expected to save 360,000 tons of CO2 annually by 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.
Scanfil plc is adding 2,200 m² to its Wutha-Farnroda factory in Germany, raising its size by 50%. The expansion is expected to be in production use in the second quarter of 2022.
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.
Maximator GmbH's hydrogen refueling station business is being spun off as Maximator Hydrogen GmbH in Nordhausen, Germany, backed by an investment of 18 million euros for plant expansion and product development.
GE Power Conversion was selected by Austrian BUMA engineering to supply electrical equipment for a new descaling spray plant at thyssenkrupp Steel Europe's hot rolling mill WBW2 in Duisburg, Germany, under a contract worth about USD 3.6 million, with works running from February to August 2022.
Miele is investing about €28 million in Bünde, Germany, including a new development centre on Borriesstraße and several hundred-tonne presses, which doubles capacity.
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.
Papacks Sales GmbH is investing around EUR 13 million in a second molded fiber packaging plant next to its Arnstadt Gigafactory 1, doubling annual capacity there to 360 million units.