EPIQ Machinery acquired a 50% stake in FAFECO Group, an Indian crane manufacturer. FAFECO operates three facilities in Pune with annual capacity of 100 cranes.

Q2 Artificial Lift Services completed its acquisition of Lufkin Industries' North American downhole business, including pump shops in Canada and the U.S. and manufacturing operations in Red Deer, Alberta and Midland, Texas, on March 19, 2025.

Spokane Valley builder of paperboard-packaging equipment Alliance Machine Systems International agreed to acquire Systec Corporation of Indianapolis and Automatan LLC of Plover, Wisconsin, with completion expected by month end; terms undisclosed.

Louisiana-based energy services company Danos acquired substantially all assets of X-Pro LLC and its inventory-holding affiliate Surplus Valve Warehouse LLC, expanding its valve and wellhead services.

Bureau Veritas has announced the acquisition of GeoAssay, enhancing its Chile mining exposure.

United Performance Metals (UPM) acquired Fabrisonic, a developer of ultrasonic additive manufacturing technology based in Columbus, Ohio. The acquisition bolsters UPM's advanced manufacturing capabilities.

CSW Industrials agreed to acquire Aspen Manufacturing, a manufacturer of evaporator coils and air handlers for the HVAC/R industry, for approximately $313.5 million in cash. Aspen is based in Humble, Texas, and had estimated 2024 revenues of $122.4 million.

Partners Group agreed to acquire a 1.9 GW portfolio of 11 natural gas power plants in California and Middle River Power from Avenue Golden Continuation Fund for an enterprise value of $2.2 billion. The portfolio includes nine simple-cycle peaking facilities and two combined-cycle gas turbine plants.

The European Commission approved the acquisition of joint control of BGC Cementitious by Holcim (Australia) and Heidelberg Materials AG. The transaction concerns cement, concrete, asphalt and transport technology in Australia.

FTAI Aviation acquired a 50% stake in IAG Engine Center Europe and will open a new engine maintenance site called Quick Turn Europe at Rome Fiumicino Airport, with capacity to handle 150 engines per year.

Hero Motors Limited announced a joint venture with Germany's SchmiedeTechnik Plettenberg to manufacture forged powertrain components in India for global markets, with production expected to start by mid-2026.

Jet Parts Engineering (JPE) announced the acquisition of Percival Aviation, a UK-based company specializing in aircraft interiors and associated equipment.

OMV's Supervisory Board approved a landmark agreement with ADNOC to merge Borealis, Borouge, and NOVA Chemicals into Borouge Group International, a global petrochemical entity.

WEG announced a strategic entry into the U.S. industrial coatings market through a key acquisition.

INX International Ink Co. announced the acquisition of Servicom New Zealand Limited and Galaxy Inks & Coatings Australia.

Everaxis, a provider of high-precision rotating solutions, announced the acquisition of 2G Engineering to expand its presence in the US market and complement organic growth.

Premier Cement Mills PLC of Bangladesh decided to absorb two of its concerns, National Cement Mills and Premier Power Generation.

The European Commission approved Cement Australia's proposed acquisition of certain assets of BGC Group, BGC Cementitious. The deal is jointly controlled by Holcim Australia and Heidelberg Materials Australia. Further approval from the ACCC is pending.

Hoshizaki officially became a strategic shareholder of Asia Refrigeration Industry Joint Stock Company (ARICO) following a merger approved at an extraordinary general meeting on March 17, 2025.

O3 Mining shareholders approved the amalgamation with a subsidiary of Agnico Eagle Mines Limited. Under the deal, O3 Mining shareholders (excluding Agnico Eagle) will receive $1.67 per share in cash.

Sunkist Growers acquired a minority stake in Sienz, a fruit and vegetable packinghouse technology company. Sienz will take over parts, service, and support for Sunkist's packinghouse equipment customers and collaborate on new technologies.

Meralco Power Gen Corp. closed a $600 million deal with Actis Rubyred, which acquired a 40% equity stake in Terra Solar Philippines Inc. (MTerra Solar). MTerra Solar is developing a 3,500 MW solar power project with 4,500 MWh battery storage in Nueva Ecija and Bulacan.

Aequs Aerospace Group divested Delage Aero Industries, a sheet metal working and metalworking company based in Ile de France, to Philippe Mallet, shareholder of MV. Delage specializes in engine build-up for military aircraft and supplies Safran and Dassault.

Nexans has entered exclusive negotiations to sell its industrial cable division Lynxeo to Latour Capital for an enterprise value of €525 million. The transaction is subject to regulatory approvals and is expected to close in the second half of 2025.

Mitsubishi Electric Corporation announced the acquisition of ASTES4 SA, a Switzerland-based company engaged in development, production and sales of sheet metal laser processing machines.

Mitsubishi Electric Corporation contracted the acquisition of Scibreak AB, a Swedish-based company that develops DCCBs.

Wabash Valley Power Alliance and Hoosier Energy finalized the joint purchase of the 720-megawatt St. Joseph Energy Center, a combined cycle natural gas plant in New Carlisle, Indiana. Each will take a 50% stake.

Wensli announced it will acquire the remaining 49% equity of its subsidiary Hangzhou Boyang New Materials Technology Co., Ltd. for 12.25 million yuan, increasing its ownership to 100%.

Kraken Robotics signed a definitive agreement to acquire 3D at Depth, a US subsea technology company, for $17 million in cash. The transaction is expected to close by April 1, 2025.

The Mewa Group, a textile service provider, acquired Bocholter Weberei-Vorwerk Siemen GmbH & Co. KG, a specialist in yarn finishing with production facilities in Germany. Siemen will largely continue to operate in its current form.

Swedish heat pump manufacturer Qvantum acquired Electrolux's former refrigerator factory to produce heat pumps using white goods production techniques. The factory will enable high-volume heat pump production.

ANDRITZ has sold its stake in OTORIO to Armis, which now holds full ownership. ANDRITZ also entered a strategic partnership with Armis to enhance its digital customer solutions. The announcement was made on March 14, 2025.

London, Ontario-based Emco Corporation completed its acquisition of MRC Global's Canadian division, announced March 14, 2025. Its nine locations in Alberta, British Columbia and Ontario will be rebranded Midfield Valve & Supply over the coming year.

Haier Europe Appliances Holding signed a share purchase agreement to acquire 100% of KLIMA KFT, a Hungarian heating-cooling and construction company, to strengthen its HVAC presence in Hungary and neighboring countries.

Rusal's subsidiary agreed to acquire up to 50% of Pioneer Aluminium Industries, which owns a 1.5 million tpy alumina refinery in Andhra Pradesh, India, for $244 million for an initial 26% stake.

Toyota Tsusho America, a US subsidiary of Toyota Tsusho Corp, will acquire all shares of Radius Recycling for $30 per share, in a deal valued at $1.34 billion. The merger agreement was announced on March 13, 2025.

Belgium-based Plastiflex bought Smooth-Bor Plastics, which has factories in Laguna Hills, California, and Johor Bahru, Malaysia.

RefrigiWear Inc., a manufacturer of insulated industrial workwear, has acquired the Fortdress Group, a German supplier of insulated workwear. The acquisition expands RefrigiWear's European footprint.

Hyde Industrial Blade Solutions, a division of Hyde Tools, Inc., has merged with Carolina Knife & Manufacturing, Inc. The merger combines custom cutting tool manufacturing capabilities and will maintain operations in Asheville, North Carolina and Southbridge, Massachusetts.

The Oakdale Company, a private investment firm, has acquired Century-Tech, Inc., a manufacturer of flexible packaging machinery. The acquisition positions Century-Tech for expansion through organic growth and strategic acquisitions.

AEQUITA SE & Co KGaA agreed to acquire Moriroku Technology De Mexico S.A. De C.V. from Moriroku Holdings Company, Ltd. The transaction is expected to close on April 30, 2025.

National Flooring Equipment, an industrial floor removal and surface preparation equipment manufacturer, has acquired Syntec Diamond Tools, an Australian floor industry tooling manufacturer. Syntec will remain its own entity.

Thomassen Amcot Holdings LLC reached an agreement with TC Energy to purchase an unused Alstom 160 MW steam turbine generator package currently stored in Calgary, Canada. The asset will likely be transported into the US.

The family-owned UUDS Aero Group acquired 100% of Satys Cabin, a specialist in aircraft cabin fitting, from the Satys Group. The deal creates a leading industrial player in integrated passenger cabin solutions.

Hanseatic Power Service GmbH, a portfolio company of Ufenau Capital Partners, acquired Schibli – Carnelli AG, a Swiss expert in repair and maintenance of electrical machines and generators.

CG Power and Industrial Solutions received US regulatory approval to acquire the Radio Frequency components business of Renesas Electronics Corporation for $36 million. The acquisition includes IP, tangible assets, and transferring employees.

Cyient DLM, an Indian electronics manufacturing solutions provider, acquired Altek Electronics, a US-based EMS provider. The acquisition expands Cyient's global footprint and capabilities in medical, industrial, and defense sectors.

Baker Construction announced it will purchase equipment assets from Cleveland Cement Contractors and absorb members of its leadership team and craft workforce. The agreement closed on March 5, 2025.

Tompkins Solutions and MSI Automate announced plans to merge their companies to create a comprehensive warehouse automation solutions provider. The combined company will retain the Tompkins Solutions brand.

Vertiv has entered into an agreement to acquire PurgeRite, a provider of fluid management services for data centers, for approximately $1.0 billion in cash, with potential additional consideration of up to $250 million based on 2026 performance.