Atlas Copco acquired Steri srl, a private compressed air equipment and services distributor based in Rivoli near Turin with 19 employees. The deal strengthens Atlas Copco's presence in the Piedmont and Aosta Valley industrial market. The acquisition was reported on November 9, 2021.
Desktop Metal announced the acquisition of Aidro, an Italian hydraulic and fluid power component developer that uses additive manufacturing for oil, gas, energy and aerospace parts.
Cavagna Group, with partner Nirmal Industrial Controls, acquired REPCo Srl, a Milan-based process design house that engineers and supplies process plants and equipment for power, gas, oil and petrochemical fields. The deal was announced on 7 September 2021.
Italian packaging machinery makers OCME and Robopac, both family-led, have signed an agreement to pursue joint growth and internationalization, with OCME to be led by Carlotta Gatteschi, Valentina Aureli and Enrico Aureli. The article does not state the deal terms or value.
Helios Technologies signed a definitive agreement to acquire NEM S.r.l., a hydraulic solutions maker in Emilia Romagna, northern Italy, serving material handling, construction and agricultural markets. Terms were not disclosed and closing is expected in Q3 2021.
ANDRITZ received an order from Pratrivero s.p.a. to supply a new eXcelle batt forming line for its Valdilana, Italy production facilities, with installation and start-up scheduled for Q3 2021.
Oerlikon has signed an agreement to acquire Italy-headquartered INglass S.p.A. and its HRSflow hot runner systems business, expanding its polymer processing solutions; completion is expected in Q2 2021.
Atlas Copco has acquired DGM SRL, a privately owned Vicenza-based distributor of compressed air equipment and services serving industrial customers in Italy's Veneto region. The price was not disclosed.
ABB has won an order worth around $150 million to supply Azipod electric propulsion and related power technologies for five newbuild cruise ships for Fincantieri. The vessels, with 178 MW total propulsion power, will enter service between 2023 and 2026.
Interpump Group announced that the merger by incorporation of its wholly owned subsidiary Mariotti & Pecini, a maker of mixers and agitators, has taken effect. Interpump had bought 60% of the company in 2017 and later acquired the remaining 40%.
Puglia regional government approved Nuovo Pignone srl to present a definitive project for an investment of about €19.26 million at its Bari plant, with a regional grant of €6.74 million and four new jobs.
Interpump Group published the merger-by-incorporation project for Mariotti & Pecini, a mixer and agitator maker it fully controls after acquiring the remaining 40% stake this year. The group had originally bought 60% in 2017 for about EUR 9 million.
Daikin Industries completed its acquisition of all shares of Duplomatic MS Spa, the Parabiago, Italy-based maker of hydraulic and electromechanical motion control components, on June 30, 2022.
Barlotti Srl, a 30-year-old industrial distributor in Sala Bolognese near Bologna, joined the Rubix Group through its Minetti Spa brand in March 2020. The announcement is dated March 24, 2020.
ACEA Produzione awarded RIEM Service S.r.l. a EUR 69,000 direct-award contract to supply and install three inverter compressors at the Tor di Valle power plant in Rome. The award was dated 4 December 2019.
Cook Compression, part of Dover, was awarded a multi-year contract by ISAB S.r.l, a Lukoil unit, to recondition and upgrade valves and actuators for 27 compressors at its Syracuse refineries. Cook also opened a satellite service center in Sicily to support the contract.
The Marchesini Group invested €7 million to double the size of CORIMA's aseptic packaging machinery plant in Pianoro, Italy, adding 6,000 square meters. The 30 new technician and engineer jobs were announced with the factory's official opening.
Marchesini Group officially opened the new Siena factory of its CORIMA division, which makes machines for sterile drug packaging, in Monteriggioni, Tuscany, on October 19, 2019.
Antares Vision S.p.A. executed the acquisition of FT System S.r.l., an inspection and control systems company controlled by Arol, for the bottling and packaging sector, alongside an industrial partnership agreement. No value was disclosed.
Ondulati Nordest, a corrugated sheet feeder near Venice, is investing EUR 20 million to add a second corrugator line from Fosber, after its existing Agnati line reached capacity.
Interpump signed a binding agreement to acquire 100% of Reggiana Riduttori through a share exchange, based on an agreed enterprise value of EUR 125 million. Closing is expected by end of 2019, subject to due diligence.
Minetti SpA, a Rubix Group brand, has acquired Brescia-based industrial components distributor Fluidmec SpA under an agreement signed on 31 July 2019, combining know-how in pneumatics, hydraulics, automation and seals.
Italian machinery group CFT acquired the entire share capital of Siapi S.r.l., a maker of two-stage stretch blow-molding machines, for EUR 3 million plus a possible earn-out of up to EUR 2.4 million. Siapi recorded revenues of about EUR 11 million in 2018.
SAMOA Industrial, headquartered in Gijón, Spain, acquired Italian manufacturer Larius Srl, which makes transfer pumps, paint spray equipment and extrusion systems. The deal was announced on 12 April 2019.
Italian gear reducer maker Rossi S.p.A. has invested EUR 30 million in manufacturing technology and is extending its Ganaceto plant in Modena by up to 27,000 square meters for a new gearmotor assembly line.
Progressio Fund III finalized the acquisition of a majority stake in Gampack, a Podenzano (Piacenza) maker of secondary packaging machinery for the beverage sector, on January 31, 2019. Founders retain a significant minority stake.
NB Renaissance Partners signed a binding agreement to acquire control of Hydro Holding, a European hydraulic fittings producer, taking an 80% stake while founding families keep the rest. The seller is Mandarin Capital Partners.
Chart Industries signed a definitive agreement to acquire VRV s.p.a. and its subsidiaries, makers of cryogenic and energy and petrochemical pressure equipment, for €125 million plus assumed debt of about €70 million.
Burgo Group has ordered a Valmet rebuild of paper machine PM 9 and a new OCC line at its Verzuolo mill in Italy, to be completed by end-2019. The deal is valued at EUR 40-60 million and will allow recycled containerboard output of 600,000 tonnes a year.
Regal Beloit agreed to acquire Italy's Nicotra Gebhardt S.p.A., a fan and blower manufacturer with about $150 million in annual revenue, for approximately 125 million euros or $154 million, with closing expected by the end of Q2 2018.
Sun Hydraulics agreed to acquire Faster Group, a Milan-based maker of quick-release hydraulic couplings, from Capvis Equity IV and co-investors for €430 million (about $531 million) in cash. The deal is expected to close in the second quarter of 2018.
The Tuscany regional government and Italy's Ministry of Economic Development signed a EUR 65 million addendum funding Baker Hughes' Galileo R&D program, including a new axial compressor platform for NovaLT gas turbines and digital solutions, carried out through Nuovo Pignone in Tuscany. The signing took place on January 29, 2018 in Florence.
Landi Renzo and Clean Energy Fuels will combine their compressor manufacturing subsidiaries into a new standalone company, with Landi Renzo owning 51% and Clean Energy 49%. Closing is anticipated before the end of 2017, and the combined company will be headquartered in San Giovanni Persiceto, Italy.
Nuovo Pignone inaugurated a new production line for gas seal panels for centrifugal compressors at its Massa plant in Tuscany. The investment of about EUR 12 million also renovated the site.
Japan's Nidec Corp acquired a 100% ownership interest in LGB Elettropompe Srl, an Italian commercial pump and motor manufacturer, reported in World Pumps' Q3 2017 review.
Soga Energy Team formalized its acquisition of CMZ Sistemi Elettronici Srl, a Vascon (Treviso) maker of industrial motion control electronics, drives and motors, on June 28, 2017.
Interpump acquired a 60% controlling stake in Mariotti & Pecini, a Florence-based maker of mixers and agitators for chemical, pharmaceutical, cosmetic and food industries, for a total price of EUR 8.9 million.
Emak, through subsidiary Comet S.p.A., signed a binding contract to acquire 83.1% of Lavorwash Group from the Lanfredi and Migliari families for about EUR 54.8 million. The deal was reported in May 2017.
SAFE S.p.A., part of the Landi Renzo group, finalized the acquisition of a 90% stake in Idro Meccanica S.r.l., a maker of hydraulic-driven hydrogen and RNG compressors. The remaining 10% will transfer once authorizations are obtained.
Italian Nord Fluid S.p.A. signed a contract to acquire a stake in the share capital of OMV S.p.A., a company that designs and produces hydraulic cylinders.
Dana Incorporated completed the acquisition of 80% of the power-transmission and fluid power businesses of Brevini Group, with an option for the remaining 20% by 2020. The 100% value was set at EUR 325 million including about EUR 100 million of net debt, funded with cash on hand.
Dana Incorporated agreed to purchase an initial 80% stake in the power-transmission and fluid power businesses of Italy's Brevini Group, with an option for the remaining 20% by 2020. The 100% value is set at €325 million including about €100 million of net debt; closing is expected in early 2017.