NIBCO has completed its acquisition of UniTorq Actuators and Controls, a Lawrenceville, Georgia maker of pneumatic and electric valve actuators, adding actuation and controls to its valve portfolio.
Amberjack Capital Partners completed its acquisition of PMV Automation, a valve positioner and automation products maker, from Flowserve, with industry veterans Joseph Jobe and Micah Floyd leading the company post-closing.
Airline Hydraulics Corporation, a distributor of industrial automation, fluid power and controls, announced the acquisition of Industrial Automation Supply, headquartered in Portland, Maine. The article gives no deal value.
Emerson agreed to acquire all AspenTech common stock it does not already own at $265.00 per share via an all-cash tender offer. The minority stake is valued at $7.2 billion and the total company at $17.0 billion market capitalization.
Emerson proposed to acquire all AspenTech shares it does not already own for $240 per share in cash, after already holding about 57%. The proposal would make AspenTech a wholly owned subsidiary.
Ferndale, Michigan-based ROSS Controls has acquired Master Pneumatic, maker of filter, regulator and lubricator pneumatic air preparation products in Sterling Heights, Michigan. The announcement is dated September 3, 2024.
Motion & Control Enterprises (MCE) acquired General Machinery Company, Inc., a Birmingham, Alabama distributor of automation and electrical products, process pumps and compressed air products. GMC will keep its name and operate under its existing leadership.
Relevant Industrial, LLC, a distributor of instrumentation, automation, rotating equipment and valve solutions, announced a formal agreement to acquire Marshall W. Nelson & Associates, Inc., headquartered in Milwaukee, Wisconsin.
Honeywell agreed to acquire Compressor Controls Corporation (CCC), a turbomachinery control provider, from INDICOR LLC for $670 million in an all-cash deal announced April 26, 2023. The deal is about 15x 2023E tax-adjusted EBITDA.
Finnish technology group Valmet has completed its acquisition of the US-based Process Solutions business of NovaTech Automation. The deal was announced in November 2022.
Henkel closed its acquisitions of Darex Packaging Technologies, a metal packaging sealants supplier based in Cambridge, MA, for US$1.05 billion, and the Sonderhoff Group, a Cologne-based foamed gasketing and dosing equipment maker, with undisclosed terms.
United Flow Technologies, a platform owned by H.I.G. Capital, completed its acquisition of Tesco Controls, a Sacramento-based control system integrator for water and other sectors. Terms were not disclosed.
KKR has agreed to acquire Flow Control Group, a Charlotte, North Carolina distributor of flow control and industrial automation products, from Bertram Capital. Financial terms were not disclosed.
Parent companies of Cattron and LOFA Industries, both Harbour Group companies, merged to form Control Solutions, a control systems platform for engine and pump management. Terms were not disclosed.
Intertape Polymer Group agreed to acquire Schaumburg, Illinois-based Nortech Packaging and Tishma Technologies, makers of automated packaging machines. XLCS Partners advised the sellers.
IMI plc agreed to acquire Bimba, a Monee, Illinois maker of actuators and pneumatic cylinders, for $198 million in cash, with a further $2.5 million set aside for staff retention. Completion is subject to merger clearance and approval by Bimba's ESOP.
Intertape Polymer Group agreed to acquire substantially all operating assets of Nortech Packaging, a maker of automated packaging machines near Chicago, Illinois, for about $36.5 million in cash plus potential earn-out. The deal was announced on February 10, 2020.
Shorehill Capital acquired an ownership interest in Triad Technologies, a Vandalia, Ohio distributor of industrial fluid power and automation products, alongside management and the Wissman family; terms were not disclosed.
Genstar Capital, a private equity firm, announced the acquisition of Ohio Transmission Corporation, an industrial automation equipment distributor headquartered in Columbus, Ohio, alongside management. The deal was announced on April 9, 2019 and no value was disclosed.
Rockwell Automation and Schlumberger agreed to create Sensia, a joint venture offering integrated automation and measurement solutions to the oil and gas industry. The transaction is expected to close and begin serving customers in summer 2019, subject to regulatory approvals.
Hartfiel Automation acquired Fiero Fluid Power, a distributor of pneumatic, automation, motion control, robotics and instrumentation products with stocking locations in Denver, Colorado and Salt Lake City, Utah. The combined business will operate as Fiero Automation.
A-T Controls acquired the assets of Mighty Instruments of Houston, Texas, according to a Valve Manufacturers Association notice dated 15 November 2018.
Festo announced the acquisition of Fabco-Air, a Gainesville, Florida manufacturer of pneumatic automation components, which will continue to operate independently in Gainesville.
Process Control Solutions, a process equipment distributor and systems integrator, has acquired Durkin Equipment Co., a St. Louis provider of systems integration and process instrumentation. The acquisition was official on August 18, 2018.
IMI Precision Engineering agreed to acquire Bimba, a maker of pneumatic, hydraulic and electric motion products with a US distributor network, for $198 million. Completion is expected in early 2018 subject to merger clearance and ESOP approval.
IMI plc agreed to acquire Bimba Manufacturing Company for US$198 million, announced on 14 December 2017, and has since completed the acquisition to strengthen its US industrial automation position.
Fluid power distributor Triad Technologies of Vandalia, Ohio acquired Cincinnati-based industrial automation and sensing distributor Rilco Industrial Controls and its subsidiaries.
Exotic Automation & Supply, a Michigan fluid power distributor, acquired Sidener Engineering, a Noblesville, Indiana fluid power and safety products distributor; Amherst Partners advised the buyer.
Sumitomo Heavy Industries has acquired Wakefield, Massachusetts-based Persimmon Technologies, adding vacuum robotics and Hybrid-Field electric motor technology to its portfolio.
Ohio Transmission Corporation, an industrial equipment distributor based in Columbus, Ohio, acquired C & C Industrial Sales (Gallatin, Tennessee) and Midway Industrial Supply (Minneapolis, Minnesota). Both become divisions of OTP Industrial Solutions, which sells spray finishing, sealant, adhesive, automation and fluid power systems.