KSB announced the acquisition of Bharat Pumps and Compressors' technology, becoming sole owner of the products' technology and taking over spare parts and service for about 5000 BP&CL products in India.
Schuler sold a DG 63h counterblow hammer line with press capacity over 30,000 tonnes to RN Gupta in Ludhiana, India, for producing forgings up to 1,000mm in diameter.
Schuler subsidiary Farina Presse sold a GLF 6300R mechanical forging press to Happy Forgings Ltd in Ludhiana, India, for producing crankshafts for trucks. Press capacity exceeds 6,000 tonnes.
SEFI has acquired FTS (France Transmission Service), a company specializing in industrial supply and power transmission with 7 commercial agencies in France.
Interface, a US-based force measurement products company, has acquired LCM Systems, a UK provider of specialized load measurement solutions, to expand its global test and measurement capabilities.
Veritas Tools Inc. announced a $4.5 million investment to boost local manufacturing and create 30 new jobs in Ottawa. The Ontario government is providing $675,000 in funding through the Regional Development Program.
NORD DRIVESYSTEMS USA expanded operations with a new 85,000 sq. ft. production facility in McKinney, Texas. The facility will begin assembling gear units by the end of June 2023 and has capacity to produce 200 units per shift.
Flowplant Group, a provider of high-pressure jetting and pumping solutions in Salisbury, UK, was acquired in a management buyout completed on June 23, 2023, through the newly formed SSPM Holdings Limited led by Steve Smith.
AOTCO Metal Finishing announced the strategic acquisition of Connecticut-based Modern Metal Finishing (MMF), enhancing AOTCO's portfolio with anodizing services.
IFS announced it has signed a definitive agreement to acquire Poka, Inc., a Quebec-based provider of a connected worker platform for factory and field workers.
Sure Grip Controls acquired Rockford, Illinois-based Industrial Electronic Controls (IEC), expanding its product portfolio in electronic throttles, displays and sensor manufacturing.
Sure Grip Controls opened a new facility in Victoria, British Columbia, increasing manufacturing space by over 40% to expand production lines for custom controls solutions for heavy equipment.
Precision Plus acquired the Iseli Company, a Swiss-screw machine products supplier in Walworth, Wisconsin. Both companies will become wholly owned subsidiaries of the newly formed parent company, Reader Precision Solutions.
STIWA Group broke ground on a new $36 million facility and machining operation in Rock Hill, South Carolina, to serve as its North American headquarters. The 75,000-square-foot building will create approximately 160 jobs, with production starting in September 2024.
Semperit has held the groundbreaking for a hydraulic hose production expansion at its Odry plant in the Czech Republic. The investment is about EUR 110 million, adding roughly 32 million meters of annual capacity, for total capacity of almost 200 million meters, with completion planned in 2028.
Haitian International inaugurated a new manufacturing facility in Acatlan de Juarez, Jalisco, Mexico, with a total investment of around US$50 million. The plant covers 92,000 m² and will serve as regional headquarters and production center for the Americas.
Liebherr will invest EUR 170 million to build a new plant in Nambsheim, Haut-Rhin, France, creating over 300 jobs. The facility will produce welded components and assemble cabins for earthmoving machinery.
Tezmaksan decided to expand its factory in Sivas Nuri Demirağ Organized Industrial Zone with a €15 million investment and 37.5 million TL construction cost, adding 18,000 square meters of space to increase capacity by 300%.
Liebherr-France SAS announced plans to open a new manufacturing site for welded components and driver cab assembly in Nambsheim, Alsace, with a €170 million investment and over 300 jobs.
Schwing Stetter India announced a ₹400 crore expansion including a new greenfield factory to manufacture XCMG loaders, motor graders, and concrete pumps, and a ₹100 crore investment in its Cheyyar factory.
Salthammer Båtbyggeri AS signed a construction contract with Hansen Maskin & Transport AS to build a BobCat 26 vessel, designed by Tomra Engineering AS, with a length of 26.1 m and beam of 15 m.
Grenzebach supplied ZIEGLER GROUP with a production line for flexible wood fiber insulation boards in less than twelve months. The plant has the highest production capacity on the market and was completed in record time.
Johnson Controls announced its acquisition of M&M Carnot, a maker of CO2-based industrial refrigeration equipment with low GWP, based in Annapolis, Maryland and Trois Rivières, Quebec. Announced June 2023.
Continental Pipe & Tube Cut-Off Machines acquired Rabbit Tool USA, a manufacturer of rotary cut-off machines, tube end forming machines, and deburring machines.
Smallridge Brothers and Robert Cole formed a joint venture to acquire the agricultural machinery business of Cornwall Farmers. The deal, for an undisclosed sum, is expected to close by November 1, 2010.
JPB Système has acquired a stake in France-based 3D printer manufacturer Addimetal, a strategic collaboration to share metal binder jetting 3D printing technology knowledge for short-run production of small, complex parts.
Mitsubishi Electric announced an additional 42.5 billion yen investment to construct a second production building for FA control-system products at its Nagoya Works campus in Owariasahi City, Aichi Prefecture, with operations starting in April 2027.
Greek battery maker Sunlight Group acquired a 65% share in Portuguese company Logbatind, which sells, repairs and maintains industrial batteries and chargers, expanding its presence in the Iberian region.
Dormer Pramet is expanding its manufacturing facility in Šumperk, Czech Republic, with a new 4,500 sqm factory hall that will increase production capacity of turning tools by over 50%. Construction is underway and first deliveries are expected by end of 2024.
MR FAB secured a $1.7 million contract with Soprema for equipment at its Drummondville plant that will recycle plastic bottles into insulation panels.
V-Zug Kühltechnik AG set up a new production facility for refrigerators at its Sulgen site in Switzerland. The facility includes a high-bay warehouse and automated guided vehicle system implemented by Gebhardt Intralogistics Group.
Framo Morat, part of Franz Morat Group, will acquire the complete industrial business of plastic injection molding specialist F. Morat, effective January 1, 2024, to expand capabilities in plastic injection molding technology.
Triad Tool Company completed a 10,000 sq ft facility expansion and invested in additional Horizontal and 5-Axis machining cells at its Branchburg, New Jersey plant.
CATO Machinery Industry Co., Ltd. has signed and started construction of a new facility in Jintan, Changzhou, China, for developing and manufacturing high-end five-axis CNC machine tools for new energy vehicles. The total investment is 3 billion yuan, with a first phase on 123 mu of land.
Sany Heavy Machinery officially opened a loader industrial park in Huzhou, Zhejiang province, with an annual capacity of 30,000 units. The total investment was 10.8 billion yuan.
Parker-Hannifin Corporation plans to invest $2.5 million in manufacturing machinery and equipment to expand production at its Red Oak, Iowa location. The project is expected to create 65 jobs.
Wabtec Corporation acquired L&M Radiator, Inc., a manufacturer of heavy-duty radiators and heat exchangers, for $230 million in cash. L&M Radiator will join Wabtec's Components Group.
Baltic Industrial Company (BPK) will invest 7 billion rubles to build a new plant for heavy metal-cutting equipment in St. Petersburg's special economic zone. The plant will have a capacity of up to 1,000 machines per year.
Bosch Rexroth opened a new production plant in Brnik, Slovenia, with an investment of EUR 13.2 million. The plant will create 123 new jobs and focus on electrification of mobile applications.
Monadelphous secured new contracts and extensions totaling approximately $120 million, including work with Rio Tinto, BHP, BHP Mitsubishi Alliance, and South32 for mining and industrial services in Australia.
Grenzebach Group signed a contract on June 15, 2023 to expand its Pune, India site, merging its sales and service branch with a new manufacturing site. The company is investing around €2 million and expects to create 30 new jobs in the first phase, with the site scheduled to open in fall 2023.
MR FAB inaugurated a new 15,000 sq ft workshop in Chicoutimi-Nord, Quebec, on June 15, 2023, following over $3 million in investments. The move will create 10 new jobs.
21st Century Equipment merged with 4Rivers Equipment's ag division, effective June 12, 2023, creating a network of 26 John Deere agriculture equipment stores across Nebraska, Colorado, and Wyoming.
Tulazherdormash signed an agreement to build new production sites and modernize equipment with a RUB 2.5 billion investment, creating at least 80 new jobs. The project is to be completed by 2026.
Siemens announced a €2 billion investment strategy for new manufacturing capacity, innovation labs, and education centers, including around €200 million for a new high-tech factory in Singapore to serve Southeast Asian markets.
Migatronic Automation will supply two laser welding solutions for Topsoe's Power-to-X factory in Herning, Denmark, which is under construction and expected to be ready in 2025. The order is worth a double-digit million euros.
Distribution Solutions Group (DSG) completed the acquisition of Hisco, a distributor of specialty products for industrial technology applications, operating 38 locations in North America.
Tenova has signed a cooperation agreement with GE Vernova's Power Conversion business to jointly develop and market tailored medium voltage power systems for electric arc furnaces and submerged arc furnaces, aiming to reduce costs and environmental impact.
Sany India plans to expand capacity at its Chakan, Pune facility by 2.5 times over 15 months with an investment of INR 500 crore, increasing annual output from 9,000 to over 25,000 units. The company also plans three additional factories over ten years with an investment of INR 3,000-4,000 crore.
Inner Mongolia Chuangyuan Plate Co., Ltd. awarded a contract to SMS group for two 6-high CVC® plus aluminum cold rolling mills. The deal was signed at the METEC trade fair in Düsseldorf, Germany on June 14, 2023.