Migal, a mold and mechanical processing group controlled by Equinox, acquired three Italian companies: Pressofusione Comero, Sveva Stampi, and Coccoli, all based in the Brescia region. The acquisitions expand Migal's capabilities in die casting and mold making.
Bonnell Aluminum announced the expansion of its TSLOTS aluminum structural framing system operation with a new manufacturing and distribution site in Newnan, Georgia, serving the Southeastern US.
Continental announced a R$175 million investment to expand production of high-resistance steel-cord conveyor belts at its Ponta Grossa, Paraná plant. The facility will add 7,000 m², with operations expected to start in Q3 2024.
Feintool received a long-term order from a European pump manufacturer for 150,000 rotor-stator sets per year for electric pump drives, with a lifetime volume in the double-digit million euro range.
ArtiFlex Manufacturing has announced the full acquisition of Hercules Machine Tool & Die, a company based in Sterling Heights, Michigan.
California-based Nexa3D has purchased Addifab, developer of Freeform Injection Molding (FIM) technology, which enables 3D-printed polymer tooling for short-term injection molding.
Hidden Peak Capital acquired Zimmer & Kreim GmbH & Co. KG, a manufacturer of EDM machines, handling systems and software, effective retroactively from January 1, 2023. The seller was Indel AG.
CECO Environmental Corp. completed the acquisition of Transcend Solutions, LLC, a Houston-based process filtration solution design and manufacturing company serving hydrocarbon and chemical processing applications.
Cummins announced it is investing more than $1 billion across its U.S. engine manufacturing facilities in Indiana, North Carolina and New York to upgrade them for producing fuel-agnostic engine platforms that run on low-carbon fuels.
Honeywell announced plans to open an advanced regional manufacturing centre at King Salman Energy Park (SPARK) in Saudi Arabia. The facility will produce industrial automation equipment, field instruments, gas detection and fire safety systems. Phase One is expected to be completed in 2024.
FGS Plant, part of Heathcote Holdings Group, acquired Clements Plant & Access Hire, a Coventry-based plant hire company. The deal was completed on March 31, 2023.
Valmet will supply an OptiConcept M board making line to Anhui Linping Circular Development in China. The line PM 8 will produce recycled liner grades, with start-up scheduled for end of 2025.
Delfingen acquired 85% of Reiku GmbH, a German family-owned company specializing in industrial cabling protection, for an undisclosed amount. The acquisition was announced on April 3, 2023.
Romar has opened a new advanced manufacturing centre of excellence in Sefton, New South Wales, featuring Australia's only metal 3D printing powder to production line. The facility was supported by a $5.85 million MMI grant from the Australian Government.
Société du Grand Paris has awarded a contract to the Colas Rail/Alstom consortium to supply track, rigid overhead catenary system and linear equipment for the second section of metro Line 17 in Paris. The contract covers 10 km of track and work is expected to start by mid-2024.
ABB has been selected by Nobia to supply robotic automation solutions for Nobia's new state-of-the-art kitchen factory in Jönköping, Sweden. The contract includes a range of robots and training support.
Baker Hughes announced an order from QatarEnergy to supply two main refrigerant compressors for the North Field South LNG project, part of two mega trains adding 16 MTPA of capacity, with the order to be booked in Q1 2023.
Invicta Holdings, through its subsidiary KMP Holdings, has purchased a 50% stake in KMP Far East Pte Ltd, a Singapore-based supplier of aftermarket heavy-duty diesel engine parts. The effective date of the acquisition was April 1, 2023.
Addtech has acquired a majority stake in INDAG Maschinenbau, a German manufacturer of dynamic continuous inline mixers for dairy, confectionery, beverages, and cosmetics industries. The terms of the transaction were not disclosed.
Birdon America Inc. was awarded a multi-year U.S. Department of Defense contract to produce Bridge Erection Boat (BEB) vessels for the U.S. Army, with production in Denver, Colorado, and Ryerson as a material supplier.
Chinese automotive supplier Zhenjiang Xianfeng Automobile Components ordered a 400-ton servo press and a 1,250-ton link drive press from Schuler. The machines will be manufactured in China with support from German and Brazilian engineers.
Joskin is building a new 15,000 m² factory in southern Luxembourg to increase production capacity for agricultural trailers.
JOST has signed agreements to acquire 100% of Crenlo do Brasil, a Brazilian manufacturer of applications for agricultural and off-highway machinery, and LH Lift Oy, a Finnish maker of three-point linkages and hitches for tractors. The combined purchase price is EUR 56 million, expected to add around EUR 100 million in sales.
INOXCVA began construction of a 30-acre greenfield cryogenic equipment manufacturing facility at Savli in Vadodara, Gujarat, with an investment of INR 200 crore, able to fabricate over 20,000 tonnes of stainless steel equipment per year.
Vow ASA subsidiary C.H. Evensen Industriovner AS was awarded two orders totaling NOK 15 million: a high temperature furnace for Elkem Iceland's silicon smelter (delivery autumn 2023) and heat treatment solutions for a Norwegian automotive parts supplier (delivery February 2024).
Piab Group entered into an agreement to acquire IB Verfahrens- und Anlagentechnik GmbH & Co. KG, a developer of turnkey systems for filling, emptying, metering, and conveying bulk materials. The acquisition is planned to be finalized shortly.
Kongsberg Automotive's Flow Control Systems business unit was awarded a EUR 30 million contract for PTFE lined hoses from a major North American industrial supplier in the semiconductor market. The five-year contract runs through 2028.
Mahindra & Mahindra has established a new exclusive farm machinery plant at Pithampur in Madhya Pradesh, India, spanning 23 acres with capacity to manufacture 1,200 combine harvesters and 3,300 rice transplanters per year. The company plans a cumulative investment of ₹3,400 crore across its Farm Equipment Sector during 2022-24.
Nicolas Correa SA won a contract worth more than €21 million from Chinese multinational NGC Gears to install 10 large machining centres across three of NGC's plants.
Invertek Drives has begun construction of a 2,771 sq metre extension to its global manufacturing and distribution facility in Welshpool, Powys, UK, as part of a £10 million investment. The expansion will increase production capacity of Optidrive VFDs from 460,000 to over 1.2 million units per year and create new career opportunities.
German packaging machinery manufacturer Multivac officially opened an expansion of its plant in Bozhurishte, Bulgaria, adding over 5,600 sq m of floor space. The investment is 12 million leva (EUR 6.1 million), and the expansion is expected to create about 100 new jobs.
Karlville Swiss has joined the In.Pack Machinery group alongside Mobert, Amutec and SCAE to create a leading provider of bag and pouch converting machines. The group has established a USA office in Miami, Florida.
Eppinger-Gruppe and Techniks Tool Group (TTG) have merged to form Eppinger Technologies. The combined entity will offer a broader range of tooling and automation technology for CNC machining centers.
Techniks Tool Group, backed by Z Capital Partners, announced a definitive agreement to acquire Eppinger Group, a German designer and manufacturer of high-precision tooling systems and gears. The combined business will be named Eppinger Technologies. The transaction is expected to close later this week.
NRW Holdings announced the acquisition of Bunbury-based OFI Group Holdings for about A$4 million. OFI specializes in industrial electrical engineering, automation, switchboard design and manufacture, and is expected to generate A$40 million of revenue next financial year.
Bharat Fritz Werner (BFW) plans to set up a state-of-the-art facility in Hosur, Tamil Nadu, to increase annual machine tool capacity from 3,000 to 10,000 machines. The project is in the conceptual/planning stage.
Kirk Kapital led an acquisition of PR electronics A/S together with specialist private equity firm AGIC. PR electronics designs and manufactures signal conditioning devices for process and factory automation.
Baker Hughes won a contract from Bechtel to supply four Frame 7 turbines, eight centrifugal compressors and two electric motor driven compressors for the first phase of Sempra's Port Arthur LNG project in Texas. The deal was announced on Monday, March 27, 2023, after Sempra's final investment decision on March 20. The price was not disclosed.
Germany's Multivac is investing 6 million euros to expand its plant in Bulgaria, according to SeeNews. The article does not specify the exact location or the new capacity.
Baker Hughes won a Bechtel order to supply two main refrigerant compressors for Sempra Infrastructure's Port Arthur LNG Phase 1 project in Jefferson County, Texas, following final investment decision on March 20, 2023. The package includes four Frame 7 turbines, eight centrifugal compressors and two motor-driven compressors, for about 13 MTPA nameplate capacity.
Goldhofer AG received an order from Airbus Deutschland GmbH to deliver an AST-1 X 400 towbarless aircraft tractor for the A380, scheduled for delivery in March 2005.
Garsite Progress LLC, an entity formed by AFI Partners, acquired Garsite and Progress Tank, U.S.-based manufacturers of aviation refueling and liquid waste transportation equipment.
Schaeffler India announced a Rs 1,500 crore capacity expansion over three years, including a new Rs 300 crore factory at Hosur, Tamil Nadu. The first phase of the Hosur plant is expected to be operational by end of 2023.
SVAB, a manufacturer of joysticks and control electronics for excavators, broke ground on 25 March 2023 for a new factory in Åsbro, south of Örebro. The facility is expected to be completed in January 2024 and will double production capacity.
China General Technology (Group) Holding (GENRTEC) acquired a 77.14% share in Kunming Machine Tool, becoming its largest and controlling shareholder, as part of the reorganization of Kunming Machine Tool.
Protexa inaugurated a pipe coating plant and dock expansion in Villa Allende, Coatzacoalcos, with an investment exceeding 600 million Mexican pesos. The new plant will double production capacity, coating pipes from 6 to 60 inches in diameter.
Fisher Barton is expanding its automated machining footprint by adding a 56,000 sq. ft. high-speed, fully automated Turning Center of Excellence adjacent to its foundry in an unspecified location. The facility will produce close-tolerance components, shafts, and bearings.
Instalco acquired 100% of the shares in Processus AB, a Swedish process industry project provider, with takeover on March 23, 2023.
Sumitomo Heavy Industries (SHI) acquired the remaining 34% of shares in Sumitomo Heavy Industries Construction Cranes (HSC) from Hitachi Construction Machinery, making HSC a wholly owned subsidiary. The acquisition was effective December 31, 2022.
Sabre Instrument Services, a Canadian integrator of industrial control systems, has acquired Summit Electric, an industrial electrical contracting company based in British Columbia, to expand its presence in Western Canada.