Dover Corporation agreed to acquire Bremen-based SIKORA AG for €550 million in cash, to be integrated into its MAAG unit. SIKORA makes precision measurement and control systems for wire, cable, hose and plastics production, and had about €100 million revenue in 2024.
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.
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.
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.
Mimir Group agreed to acquire Wärtsilä Euroatlas GmbH from Wärtsilä Corporation. Euroatlas, based in Bremen, makes power conversion systems for naval, aviation and mobile land applications; closing is expected in Q3 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.
Nuremberg-based Gossen Metrawatt acquired WPT and all its subsidiaries, and WPT was renamed Global Power Technology (GPT).
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.
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.
Moog agreed to acquire the global Rotary Transfer Systems business from Morgan Advanced Materials for €40 million in cash, including its manufacturing sites in Antweiler, Germany and Chalon-St-Memmie, France. Closing is expected within 60 to 90 days, subject to German regulatory approval.