In-Place Machining Company (IPM) acquired Western Machine Works (WMW) as part of a long-term growth strategy to expand reach and service offerings across the U.S. and Canada.

RoboTechnik's wholly-owned subsidiary Nantong Robo signed a contract worth approximately CNY 105 million with Huaian Jietai New Energy Technology to supply industrial automation equipment.

Bip Solutions Limited, based in London, awarded a supply and installation contract for blowers and compressors to Atlas Copco, Sulzer Pumps Wastewater UK and MB Air Systems. The value was not stated.

ADNOC Gas Processing selected Petrofac Emirates for an EPC contract worth about $700 million to build a new gas compressor plant with three compressor trains at the Habshan Complex in Abu Dhabi.

China Instrument Parts announced the acquisition of Iseli Company, a Swiss-screw machine products supplier in Walworth, Wisconsin. Both will become subsidiaries of new parent company Reader Instrument Solutions.

Suttons Tankers won new orders totaling £10 million within the industrial powders sector, including a contract with Alpek Polyester and a renewed contract with INEOS PVC for three years, plus a new contract with INEOS Olefins.

Ascendor Lifttechnik relocated its production site from Niederwaldkirchen to Neufelden, increasing production area by 42% to 8,000 m².

Oshkosh Corporation has entered a definitive agreement to acquire the AeroTech business from JBT Corporation for $800 million in cash. The acquisition adds aviation ground support products and airport services to Oshkosh's portfolio.

Puget Sound Naval Shipyard awarded American Compressor Company a firm-fixed-price contract with one base year and two option years to lease four High Pressure Air Compressors, valued at $905,280.

VIRM will build a production facility for metalworking machines and mechanisms in Krasnoznamensk, Moscow Oblast by 2026. Investment is 116 million rubles, creating over 60 jobs.

Dream (Zhejiang) Air Equipment Manufacturing broke ground on a 35,000 square meter plant in Pinghu City, Zhejiang, China, with 105 million yuan of investment to produce 5,000 intelligent industrial air compressors annually.

Dussur and 3D Systems inaugurated the National Additive Manufacturing and Innovation Company (NAMI), a joint venture first announced in March 2022. NAMI will provide 3D printing engineering solutions and services for oil & gas, automotive, aerospace, and healthcare sectors.

Dussur announced the acquisition of a substantial stake in Italmatch Chemicals, with a capital increase of EUR 100 million to establish factories in Saudi Arabia. Separately, Dussur and 3D Systems inaugurated the National Additive Manufacturing and Innovation Company (NAMI), a joint venture first announced in March 2022.

CZ LOKO delivered the first two EffiShunter 600 locomotives to Turkish steel mill Erdemir, part of a contract for four units this year with an option for two more in early 2024, for internal rail transport.

Boruspam Precision Machine Tool Co., Ltd. completed its new base project in Zhuzhou High-tech Zone, Hunan, with a total investment of CNY 500 million (phase I: CNY 200 million), creating over 100 jobs and expected to produce annual output of CNY 200 million initially.

SENNEBOGEN opened a new steel construction plant in Litér, Hungary, with a 29,000 m² production hall and 80 new jobs, adding capacity for 20,000 tonnes of steel construction per year. The plant started operations in July 2022 and was officially inaugurated on May 26, 2023.

The Board of Directors of Tornos Holding decided on May 26, 2023 to evaluate a possible merger of the Tornos Group with the Starrag Group. Both are machine tool manufacturers.

CNH Industrial, through its Case Construction brand, is investing $40 million in a compact product line and skid steer loaders, and doubling capacity at its Pithampur, India plant to over 10,000 units annually by 2024.

CBE+ installed the first 6+1 robotic Electroless Nickel Plating line in the UK and Europe at its Chesterfield facility, part of a £4 million investment over recent years. The line is expected to be fully operational from June 2023.

AEQUITA SE & Co. KGaA has acquired the European needle roller bearing business from JTEKT Corporation. The business generates over EUR 100 million in revenue and employs around 1,200 people across four sites in Germany, France, and the Czech Republic. The transaction was completed on 1 August 2025.

Schneider Electric SE will acquire PTC in an all-cash deal valued at $23.7 billion enterprise value, including a 42.3% premium. The transaction is expected to close by Q3 2027.

Techniks Tool Group has merged with Eppinger Group, a manufacturer of driven and static tools for CNC lathes and precision gear and gearboxes. The combined businesses will be named Eppinger Technologies.

FN America announced plans to expand its South Carolina footprint with a new production facility in Pickens County. The $33 million investment will create approximately 176 new jobs, with groundbreaking in 2024 and completion in 2025.

Stratasys Ltd. and Desktop Metal, Inc. have entered into a definitive agreement to combine in an all-stock transaction valued at approximately $1.8 billion. The merger creates a next-generation additive manufacturing company.

Johnson Controls is to acquire Gordon Brothers Industries, an Australian industrial refrigeration company, to enhance its industrial refrigeration service offerings in Australia.

Altec Industries will invest $1.4 million to expand production of its construction equipment product line at its existing facility in Botetourt County, Virginia, creating 150 new jobs.

H&D Wireless AB has completed and delivered a semi-automated cobot assembly line to Parker Hannifin AB in Borås, Sweden. The total value of the project and delivery is approximately SEK 1.8 million.

Quintus Technologies will supply a high pressure fluid cell press to LAUAK Group for installation at its Grandola, Portugal aerostructures factory in September 2023.

Nigeria inaugurated the Kajola Wagon Assembly plant in Ogun State, the first wagon assembly facility in West Africa. The plant, built by China Civil Engineering Construction Corporation, can assemble 500 wagons annually and will produce 220 of 368 wagon types.

Atlas Copco acquired Maziak Compressor Services Ltd., a privately owned UK distributor of air compressors, nitrogen generators and process cooling equipment based near Northampton, with about GBP 7 million in 2022 revenue. The purchase price was not disclosed.

Motorenfabrik Hatz entered into a joint venture with Berylls Group GmbH, with Berylls taking a majority stake in Hatz Components GmbH through a capital increase. Motorenfabrik Hatz remains a minority shareholder.

Concentric was awarded a large contract for precision machined components from an existing global OEM customer in North America, expected to yield around 55 MSEK in annual sales, with deliveries starting in Q2 2024.

engcon AB agreed to acquire all outstanding shares in engcon Component AB, of which it already owned 51%, for approximately SEK 27 million, making it a wholly owned subsidiary.

Mitsubishi Electric and Movensys announced a business partnership to strengthen collaboration in AC servo and motion control businesses. Mitsubishi Electric will take an equity stake in Movensys.

Cummins Inc. is investing $452 million in its Jamestown Engine Plant in New York to produce the industry's first fuel-agnostic internal combustion engine platform, including the X15N natural gas engine. The investment will create 90 new jobs.

Mexican industrial company Metelmex announced a $5 million investment to build a new plant in Monclova, Coahuila, serving Mexican and US markets with heavy-industry products for the rail sector, creating 485 jobs within two years.

SKF is investing SEK 50 million in a new manufacturing site in Tangier, Morocco, to produce magnetic bearings for turbomachinery and high-speed applications. Operations are set to ramp up in the second quarter of 2023.

Demon (Zhejiang) Gas Equipment Manufacturing held a groundbreaking ceremony on 20 May 2023 in Pinghu, Zhejiang, for a plant on over 20 mu of land. The 105 million yuan project will produce 5,000 intelligent industrial gas compressors a year.

Andritz has received an order from Steves & Sons, Inc. to supply two pressurized refining systems for a new mill in Athens, Georgia, USA. Start-up is scheduled for 2024.

Siemens Limited's board approved the sale of its low voltage motors and geared motors business to Siemens Large Drives India Private Limited, a Siemens AG subsidiary, for Rs. 2,200 crore, effective 1 October 2023.

The National Iranian Oil Company signed a contract with the Oil Turbo Compressor Company to manufacture 14 turbo compressors of 15 MW each for southern Iranian oilfields. About $200 million is to be invested in the project.

Chinese machinery manufacturer Himile began construction of its first production plant in San Luis Potosí, Mexico, with an investment of $42 million. The plant will supply molds and equipment to tire manufacturers and is expected to start operations in early 2024, creating 400 jobs.

Hyperion Materials & Technologies acquired Dura-Metal Products Corporation, a Pennsylvania-based manufacturer of wear- and corrosion-resistant precision tools and components from cemented carbides, ceramics, and high-speed steels. Dura-Metal employs over 100 people.

CMP Attachments LLC received a tax abatement from Sherburne County for a 10,000 sq. ft expansion of its Clear Lake facility, adding automation including welding robots. The $2.6 million project is expected to create 10 new jobs.

Boreston (Wuhan) New Energy Equipment Co., Ltd. broke ground on a new production base in Wuhan Economic and Technological Development Zone, with a total investment of over 5 billion yuan ($700 million). The facility will produce 5,000 to 10,000 electric loaders annually, with first-phase completion expected by end of 2023.

Premier Tech unveiled a new 61,000-square-foot facility for its Systems and Automation group in Woods Cross City, Utah. The company invested $13 million in the plant, which started operations in mid-April 2023 and is now fully operational.

Loxam announced the acquisition of Motormac Rental, strengthening its presence in Brazil.

ST Engineering and SF Airlines incorporated a joint venture in Ezhou, Hubei, China, to operate a greenfield airframe MRO facility at Ezhou Huahu Airport. ST Engineering holds 60% and SF Airlines 40%, with registered capital of RMB 100 million. The first hangar is expected to be ready in 2025.

JLG Industries will invest approximately $120 million over two years to expand SkyTrak telehandler production at its Oshkosh facility in Jefferson City, Tennessee, increasing capacity by at least 50%.

SKF and Wolong Group signed a memorandum of understanding to explore a strategic cooperation on magnetic levitation technology in electric drive products. The companies announced the MoU on May 17, 2023.