Danobatgroup is investing €35 million to expand and modernize facilities of Danobat, Soraluce, and Goimek cooperatives in Gipuzkoa, Spain. The investment, running from H2 2022 to mid-2024, includes €12M for Danobat, €15M for Soraluce, and €7M for Goimek, focusing on new machinery and sustainable infrastructure.
Bogballe A/S and Bredal A/S, both manufacturers of mineral fertilizer spreaders, are being merged. Bogballe has been owned by Erhvervsinvest since 2017. The combined entity will have 109 employees across three factories in Denmark.
Hexatronic, through its subsidiary Blue Diamond Industries, will establish a new HDPE conduit production facility in Ogden, Utah, with a $30 million investment. Production is expected to start in Q2 2024.
Chinese company Haitian Machinery will build a 250,000 m2 factory complex in Ruma, Serbia, for producing industrial injection machines, CNC cutting machines, and casting machines. The investment is USD 100 million, with planned annual production of 250 machines.
Regal Rexnord Corporation has received all required regulatory approvals to complete its acquisition of Altra Industrial Motion Corp. The transaction is expected to close on or around March 27, 2023, with Altra becoming a wholly owned subsidiary of Regal Rexnord.
Phoenix Proto Technologies partnered with RE3DTECH, a portfolio company of CORE Industrial Partners, in a transaction that provides additional financial and operational resources while retaining existing leadership.
Markey Machine won an order for split mooring winches and an anchor windlass to be installed on Crowley's ATB barge Oliver Leavitt, replacing electric winches.
MIB Industriebeteiligungen GmbH & Co. KG has acquired PRO.EFF GmbH, a special machine construction company based in Minden, Germany. The acquisition was announced on April 4, 2023.
Company Stividor will build a foundry and mechanical plant in Stupino, Moscow region, with investments of 41 million rubles. The plant is expected to start production in Q2 2025 and will process up to 100 tons of metal per year.
Doosan Bobcat's Statesville facility completed a $70 million, 600,000-square-foot expansion in October 2022, adding over 1 million square feet to the building. The expansion supports global demand for air compressors, generators, and other products.
BlastOne International, a global provider of blasting and painting equipment, acquired VertiDrive B.V., a robotics company specializing in abrasive blasting robots, located in Rotterdam, Netherlands.
Mahindra & Mahindra's Farm Equipment Sector increased its shareholding in MITRA Agro Equipments from 47.33% to 100%, making it a wholly owned subsidiary. The acquisition was completed on March 20, 2023.
LGMG's new $140 million manufacturing plant in Monterrey, Mexico will begin producing boom and scissor lifts in the second half of 2023, starting with scissor lifts from 19 to 26 feet and 60- to 80-foot boom lifts.
6K Additive entered into an agreement with 3D Systems to become their preferred supplier of tungsten powder for DMP metal 3D printing solutions.
Eisenwerk Bassum GmbH is building a new 150m x 30m production hall at its Sulingen site, with investments exceeding €4 million for the building and over €1 million for an automated sheet metal warehouse, plus new laser cutting systems. Production is expected to start in November 2023.
Zhejiang Feidali'en Precision Manufacturing signed an agreement with Anyang High-tech Zone to invest 500 million yuan in a new facility producing 1,000 medium-to-high-end CNC machine tools and 2 million sets of high-precision transmission parts for new energy vehicles annually.
Morris Leslie Plant Hire placed a record-breaking £87.5 million order with JCB for a large fleet of construction equipment, including 50 3CX backhoe loaders, Loadall telescopic handlers, excavators, site dumpers and compaction equipment. The order was announced on March 17, 2023.
Grand River Rubber and Plastics acquired the lathe cut gasket and seal division of ASC Engineered Solutions, LLC (dba Ashtabula Rubber Company). The acquisition was announced on March 17, 2023, with a target date of July 1, 2023 for all orders to be produced at Grand River's Ashtabula, Ohio facility.
Murata Machinery, Ltd. will integrate its wholly owned subsidiary Horibe Machinery Co., Ltd. as of April 1, 2023, with Murata Machinery as the surviving company. After-sales service will be transferred to Muratec CCS, Ltd.
Douson Drilling and Production Equipment plans to invest CNY 1 billion (USD 146 million) to build a new plant in Nantong, China, through its unit Kota Technology, to increase capacity for industrial equipment including tool kits for lithium battery copper foils. Construction to finish within 18 months of land acquisition, with operation starting six months after.
Haitian Precision Machinery Mexico announced a $55 million investment to build a new plant in Guadalajara, Jalisco, Mexico, to manufacture CNC machines, molds, and dies for aerospace, medical, automotive, and general machining industries. Construction will start within three months and operations in one year.
HDT Global, based in Solon, Ohio, acquired Aviation Ground Equipment Corp. of New York. No financial terms were disclosed.
Morris Leslie Plant Hire placed an £87.5 million order with JCB for machines including 50 backhoe loaders, excavators, site dumpers, telescopic handlers and compaction equipment, to be delivered throughout 2023.
Siemens will supply automation and drive technology, software, industrial communication, and training for Continental's tire factories worldwide as a preferred supplier.
JWELL Group's subsidiary Bkwell Intelligent Equipment started construction of a new factory in Rayong, Thailand, covering over 100,000 m², for blow molding extrusion equipment.
Texwrap Packaging Systems is expanding its existing facility in Washington, Missouri, investing $2.25 million and creating 35 new jobs to increase capacity for shrink wrapping and bundling product lines.
Exodus Global acquired Rockwheel Americas, the North American distributor of RockWheel, RockCrusher and RockScreener hydraulic attachments, and will rebrand it as RockZone Americas.
Lexair Inc. will expand its Lexington, Kentucky operations with an $8.5 million investment, adding 35,000 square feet and creating 14 full-time jobs. The announcement was made on March 15, 2023.
Schenck RoTec, part of the Dürr Group, opened a new building complex in Noida, India, adding 5,600 m² of production and IT space for its balancing and tire & wheel assembly business. The investment was €5.5 million.
Amentum was selected for a $4.6 billion single-award IDIQ contract by the U.S. Air Force Security Assistance and Cooperation Directorate to provide commercial buying solutions for Foreign Military Sales customers. The contract will use technologies like reverse engineering, 3D scanning, and additive manufacturing.
Skyjack announced plans to expand its manufacturing footprint globally, with $85 million invested in a Mexico plant and $40 million in a China plant. The Mexico plant has two phases, with phase one completed and phase two adding 490,000 sq ft. The expansion will increase global unit capacity by 235% compared to 2022.
A delegation from Perm Krai, Russia, led by Governor Dmitry Makhonin, signed a memorandum of understanding with an Indian machine tool company to explore opening a joint venture for high-tech CNC machine tools in the region.
Paragon Tools has invested £450,000 in a new CNC machine and automated surface grinder to speed up production and increase automation at its Hull facility.
Dongguan Changyuan Spraying Technology Co., Ltd. (CYCO) has become a supplier of Sany Heavy Industry Group, providing gantry car washing machines and spray piles.
Enns Brothers Ltd. has agreed to acquire 100% of the operating assets of S.H. Dayton Ltd., a John Deere dealership in Manitoba, Canada. The acquisition includes dealership locations in Shoal Lake and other communities.
Elgi Compressors USA Inc, a subsidiary of Elgi Equipment, entered an operating agreement to acquire a 33.33% stake in CS Industrial Services LLC, its exclusive distributor for ELGi compressors in Western New York, for about $125,000. Completion is expected by 31 March 2023.
ENGEL has delivered two duo 130000/130000H/8200 combi US injection molding machines, each with 8,000 tons of clamping force, to Infiltrator Water Technologies in Winchester, Kentucky. These are the largest machines ever built by ENGEL.
Weichai Heavy Machinery Co., Ltd. ordered seven identically designed ProfiMill portal milling machines from WaldrichSiegen for machining engine blocks.
Tessenderlo acquired Picanol Group, a developer and manufacturer of weaving machines, engineered casting solutions, and customized controllers, in March 2023. The terms of the transaction were not disclosed.
Bailey International opened a new MVP (Motors, Valves, Pumps) Center in Grand Rapids, Michigan, with over 20,000 sq ft, stocking and manufacturing hydraulic motors, valves and pumps. The center follows Bailey's earlier acquisition of Hydrolico.
Kinshofer Group became a member of the Open-S Alliance, an initiative to create an open standard for fully automatic quick couplers for excavators, as announced on March 9, 2023.
Hexagon Machine and Manufacturing LLC is expanding its plant in Longmont, Colorado, from 7,000 to over 10,000 square feet to meet growing demands from aerospace, medical, flight and robotics customers.
Claas updated its combine facility in Harsewinkel, Germany, beginning in 2020 and completed in 22 months, investing $63 million to level 161,000 sq. feet for a new assembly line with a 45-foot-high roof.
Anders Invest acquired a 44% participation in Bakker Hydraulic Products, a Dutch manufacturer of hydraulic grabs with a turnover of €10-15 million and about 50 employees.
voestalpine Railway Systems will supply turnouts and welded rails for Australia's Sydney Trains over the next five years under a contract worth over EUR 220 million.
voestalpine Railway Systems secured its largest ever order worth EUR 237 million to supply turnouts, drives, and diagnostic systems for Great Britain's High Speed 2 rail network. The company also won a EUR 220 million contract to supply turnouts and rails for Sydney Trains over five years.
Palfinger will open its regional headquarters in Schaumburg, Illinois, in the second quarter of 2023, including an integrated demonstration and training centre.
In-Place Machine Company, LLC (IPM) announced the acquisition of Western Machine Works, LLC (WMW) to expand reach and service offerings across the U.S. and Canada.
ESAB acquired Swift-Cut, a UK-based manufacturer of light industrial CNC plasma and waterjet cutting machines, to expand its leadership in fabrication and cutting equipment markets.
C.R. Onsrud broke ground on a new 67,000-square-foot building as part of a multi-phase expansion project that also includes a 9,900-square-foot machine shop expansion and new equipment. The $17 million investment is expected to add 50-100 jobs and the new building is expected to be completed in Q2 2024.