German industrial holding Nimbus agreed to acquire the Kompressortechnik unit of Hoerbiger, which makes compressor components for refrigeration and brake air systems, with operations in Germany, China and India and about 300 employees, mostly in Schongau. Closing is expected in early 2026; the price was not disclosed.

Rheinmetall secured an order worth €26 million from a new Asian engine maker for CWA2000 high-voltage coolant pumps used in fuel cell vehicles and stationary power plants. Production will start in 2027 at the Hartha plant and run until 2031.

Weber-Hydraulik has moved into a new owned building in Konstanz-Reichenau, investing around EUR 5 million in a valve technology site with 1,730 sqm of production space and 180 sqm of development space. The building uses photovoltaics, a heat pump and concrete core activation.

TD Deutsche Klimakompressor (TDDK) held a topping-out ceremony for the sixth construction phase of its Bernsdorf, Saxony plant, adding 17,500 sq m of building area for electric refrigerant compressors, with the shell due to be completed by end 2024.

TDDK announced on April 8, 2024 that it will expand its Straßgräbchen plant near Kamenz into the largest electric automotive climate compressor production site in Europe. Mass production is due to start in 2025, and capacity will rise from six to eight million compressors a year. Investment size has not been disclosed.

Rheinmetall received a new order for several hundred thousand CWA 2000 high-voltage electric coolant pumps for 800V applications from an unnamed automaker, worth a mid-double-digit million euro figure. Production starts in 2025 and runs to 2030.

Schaeffler AG signed a business combination agreement with Vitesco Technologies Group AG and announced a voluntary public tender offer for all Vitesco shares. The announcement was made from Herzogenaurach, Germany.

Rheinmetall has developed a prototype propane (R290) e-compressor and heat pump module for electric vehicles, presented at the ATMO Europe Summit in September 2023, with market availability targeted by 2028.

TD Deutsche Klimakompressor broke ground on its sixth construction phase in Straßgräbchen, Saxony, adding about 20,000 square metres and a high-bay warehouse, with completion planned for late 2024 and annual shipments rising from 6 to 8 million units.

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.

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.

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.

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.

Rheinmetall received an order from an international automaker for CWA400 electric coolant pumps for luxury hybrid vehicles, worth a figure in the two-digit million-euro range. Pierburg Pump Technology will produce the pumps at Hartha, Saxony, with delivery complete by 2024.

Robert Bosch has won a long-term contract from cellcentric to supply electric air compressors with power electronics for fuel cell systems used in heavy trucks and stationary applications, with series production starting in the mid-2020s. Announced June 18, 2021.

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.

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.

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.

Marelli is opening a production facility for electric drivetrains in Cologne, Germany, on 18,000 square metres, with production slated to start in the first half of 2021 and about 160 employees.

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.

KW automotive is completing construction and investment of 35 million euros at its Fichtenberg headquarters near Stuttgart to meet rising demand for coilover suspensions.

Rheinmetall Automotive unit Pierburg of Neuss won a first major European order for a 2/2 coolant valve from a premium German carmaker, worth around EUR 50 million. Valves will be installed in vehicles from 2021, for both combustion and battery-electric models.

Rheinmetall unit Pierburg GmbH has developed a 2/2 coolant valve usable in both combustion-engine and battery-electric vehicles, according to a 15 July 2019 press release.

Pierburg GmbH, part of Rheinmetall Automotive, won a first major European order worth around €50 million from a premium German carmaker for a 2/2 coolant valve. Series production for the customer's vehicles starts in 2021.

Pierburg Pump Technology, part of Rheinmetall Automotive, won orders worth €215 million from an international automaker for its CWA 400 electric coolant pump, produced in Hartha, Saxony.

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.

Panattoni Europe has been awarded a contract by Volkswagen Group to build a packaging centre for automotive parts at JadeWeserPort in Wilhelmshaven, Germany. The five-hall facility will cover about 45,000 square metres on a 100,000 square metre site, with construction scheduled to begin in June 2018.

Rheinmetall subsidiary Pierburg won an order from Karma Automotive to supply CWA coolant pumps for the Revero plug-in hybrid, built from its Hartha, Saxony plant, with a contract value in the low six-digit euro range.

Rheinmetall Automotive's Pierburg unit won a first small-series contract to deliver heater/cooler modules for electric vehicles to Dutch bus maker VDL Bus & Coach, for its VDL MidCity Electric minibus due in 2018; the units are assembled in Neckarsulm, Germany.