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.

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.

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.

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.

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.

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.

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.