Alfa Laval has completed the acquisition of the cryogenics business unit of Fives Group, now Fives Energy Cryogenics, a maker of cryogenic heat exchangers and pumps. The business joins Alfa Laval's Energy Division as a new separate unit.

Alfa Laval signed a binding put-option agreement to acquire the Fives Cryogenics business unit of Fives Group for a fixed price of EUR 800 million, subject to works council consultation.

Hydroscand France signed an agreement to acquire 100% of Pathel Industrie SAS, a Lyon-based maker of industrial hoses and fittings with subsidiaries in France, UK and Spain. The transaction is expected to close by end of 2022.

Ingersoll Rand agreed to acquire Airmax Groupe, a French compressed air specialist with about 100 employees and nine locations across France, as part of a combined purchase price of about $86 million announced on 27 October 2022.

Spirax-Sarco Engineering entered exclusive negotiations with Qualium to acquire the Vulcanic Group, a Paris-based industrial electric heating maker, for €261.7 million on a cash and debt-free basis. The deal is expected to complete after regulatory approvals in the third quarter.

Atlas Copco has acquired FITEC S.A.S., a French distributor of rotary screw compressors based in Tarnos near Bayonne. FITEC has 8 employees and serves small and medium-sized industries. The purchase price was not disclosed.

Swiss pump maker MAAG Group, part of Dover, merged with AMN DPI, a Normandy-based designer and manufacturer of polymer granulation tools. The deal was advised by Largillière Finance; no value was disclosed.

JTEKT Corporation agreed to sell its French industrial hydraulic components division HPI Industrial to EiM Capital and Apogee, following a December 2021 put option; the deal is subject to employee consultation and expected to complete in the first half of 2022.

S.F.E. Group announced the acquisition of Axxair Group, a privately held maker of orbital tube and pipe cutting and welding equipment based near Valence, France. Axxair has subsidiaries in Germany, the USA, South Korea and China and about 65 employees.

Atlas Copco acquired AEP, a privately owned French distributor of compressors and service provider with 8 employees based in Saint-Michel-sur-Orge near Paris. The purchase price was not disclosed.

Ingersoll Rand's Industrial segment completed its previously announced merger with Gardner Denver Holdings, creating a global leader in mission-critical flow creation and industrial technologies. The combined company will operate as four reportable segments.

Sonoco acquired Can Packaging, which makes paper cans and packaging machines at two French facilities in Habsheim, for a transaction valued at EUR 41.7 million. The deal was announced on August 4, 2020.

Atlas Copco acquired Ovity Air Comprime, a distributor of industrial air compressors based in Le Mans, France, with 8 employees. The purchase price was not disclosed. The announcement is dated June 5, 2020.

Atlas Copco acquired S.A.S. Air Diffusion, its distributor of compressors based in St. Etienne, France, through its subsidiary Exlair. The purchase price was not disclosed. The announcement was made on 2 April 2019.

French group Diverre, based in Grigny, acquired the shares of BMV, which has about 15 employees and an industrial site in Bouttencourt, to diversify its glassware-industry products.