Frankstahl and Triple-S Steel Holdings have acquired a stake in Belgian heavy plate specialist Zimmer Staal, based in Antwerp.

Accuron Technologies has acquired a controlling interest in Netherlands-based Trymax Semiconductor from Pontex Investment Partners and founders Leo Meijer and Ludo Vandenberk.

Republic Companies, an HVAC and electrical distributor, and T.F. Ehrhart, an HVAC distributor, announced a merger to expand their footprint in the Midwest.

Haier Group acquired a 10% equity stake and 19.24% voting rights in Shanghai STEP Electric Corporation, becoming the indirect controlling shareholder. Haier also plans to subscribe to new shares, increasing its total stake to 26.83%.

Nidec Corporation announced an unsolicited tender offer to acquire Makino Milling Machine Co., Ltd. for approximately ¥257 billion ($1.6 billion). The tender offer is scheduled to commence on April 4, 2025, subject to customary closing conditions.

KM QUAD, parent company of Jiujiang Lida Technology Co., Ltd., a Chinese manufacturer of automotive protective films, entered into a merger agreement with SPAC Quetta Acquisition Corporation. The business combination will result in KM QUAD becoming a wholly-owned subsidiary of Quad Global and remaining Nasdaq-listed.

Mech-I-Tronic (MIT), a mechatronics group known as Groupack, acquired 100% of French companies Ermo Holding SAS and SMP SAS, which specialize in high-precision injection molds for the pharmaceutical and beauty sectors.

Uno Minda approved the acquisition of the remaining 49.9% stake in joint venture UnoMinda EV Systems from FRIWO Geratebau GmbH for Rs 195 crore, along with IP and R&D assets for e-drive technologies.

Zhejiang Rongtai Electric Material plans to acquire 51% of Shanghai Dizhi Precision Machinery through equity transfer and capital increase, with a preliminary valuation of 0.4 billion yuan.

Ambienta SGR acquired Mercuri Angelo Frindes, an Italian leader in design, production, installation and after-sales service of centralized refrigeration systems. Mercuri is based in Verdellino, Bergamo, and generates over 70% of revenue from natural refrigerant systems.

Investment AB Latour, through its wholly-owned subsidiary Swegon Group AB, acquired American Geothermal, a US manufacturer of heat pumps and chillers for the concrete industry and commercial buildings. American Geothermal has 40 employees and sales of $14 million in 2024.

Frasle Mobility has completed its acquisition of the spare parts division of Grupo KUO for 2.2 million pesos (USD 360 million). The deal includes manufacturing operations of Moresa, TF Victor, and Fritec brands in Mexico.

Owens Corning has signed a definitive agreement to sell its glass reinforcements business to Praana Group for an enterprise value of $755 million. The business manufactures glass fiber reinforcements and has approximately 4,000 employees across 18 operations in 12 countries.

CG Power and Industrial Solutions Limited signed a letter of intent to acquire a 90% stake in BTW-Atlanta Transformers India Private Limited from Baoding Tianwei Baobian Electric Co., Ltd. for INR 1.6 billion (approximately USD 19.2 million).

Busch Group USA, headquartered in Virginia Beach, Virginia, acquired Total Maintenance Solutions LLC, a vacuum pump and blower maker in Milan, Illinois. TMS will continue to operate as an independent division with its staff unchanged.

Hoberg & Driesch GmbH & Co. KG notified the German Federal Cartel Office of its plan to acquire a substantial part of the assets of Salzgitter Mannesmann Stahlhandel GmbH, a steel tube wholesaler.

Baoshan Iron & Steel, Baowu Aluminum Technology and Kobe Steel officially inaugurated their joint venture Kobelco Baosteel Automotive Aluminum Rolled Products Co., Ltd. in Shanghai. Kobelco holds 50%, Baosteel and Baowu Aluminium jointly own the remaining 50%.

Power Solutions Group, part of Sunbelt Solomon, has acquired Industrial Tests, Inc., a provider of electrical testing and maintenance services. Industrial Tests will be integrated into Power Solutions Group over time.

Earth Bidco, a company controlled by Macquarie European Infrastructure Fund 7 and BCI UK, agreed to acquire Renewi, a waste management company, for approximately £707 million. The acquisition will be effected by a scheme of arrangement.

Seagate Technology agreed to acquire Intevac, a supplier of thin-film processing systems, in an all-cash transaction valued at approximately $119 million including dividends. Intevac stockholders will receive $4.00 per share plus a special dividend.

Gewiss acquired a 75.04% stake in Beghelli, an emergency lighting and safety company, and will launch a mandatory tender offer for remaining shares. The deal aims to strengthen both companies in the lighting market.

DG Steel Group has acquired Van der Hulst, a company specializing in welding robot solutions, to strengthen its expertise in laser welding technology. The acquisition was announced on February 13, 2025.

Laerdal Medical has acquired SIMCharacters, an Austrian company specializing in high-fidelity neonatal simulators. The acquisition strengthens Laerdal's position in healthcare simulation, particularly in neonatology and pediatric care.

Carlyle Group completed its acquisition of a controlling stake in an Indian auto-parts platform formed by Highway Industries and Roop Automotives. Carlyle acquired a 68.9% stake in Roop, with founders retaining stakes.

Architect Equity, a Los Angeles-based private equity firm, has purchased Gibbs Die Casting Corp., an aluminum diecaster in Henderson, Kentucky, from Koch Enterprises. Terms were not disclosed. Gibbs will continue under existing management.

Boplan, a Belgian manufacturer of modular safety solutions, announced the acquisition of Celtiplast, a French producer of high-quality polymer extrusion profiles. Financial details were not disclosed.

DESMI Pumping Technology acquired Nordan Marine, a Denmark-based provider of service and repair solutions for cargo and fuel handling systems on gas carriers and alternative-fuel vessels. The deal strengthens DESMI's maritime pump portfolio.

onsemi disclosed a proposal to acquire Allegro MicroSystems for $35.10 per share in cash, implying an enterprise value of $6.9 billion. The proposal was submitted to Allegro's board on February 12, 2025.

Lorama Group Inc. entered into a definitive agreement to acquire the colourant dispersions business of DCL Corporation, including manufacturing facilities in Monteith, Ontario, Canada and Waterfoot, UK.

Oil and Natural Gas Corporation (ONGC) together with National Thermal Power Corporation (NTPC) has acquired a 100% stake in Ayana Renewable, a solar and wind plant operator, for $2.3 billion.

INNIO Group acquired Souer Co., Ltd., a Thailand-based distributor of INNIO's Jenbacher and Waukesha brands and a specialist in engine-based technology for midstream and power generation. The deal was announced on February 12, 2025.

Nabors Industries announced a business combination agreement between its subsidiary Nabors Energy Transition Corp. II and e2Companies LLC, an AI-powered virtual utility. The financial terms were not disclosed.

Medtronic has acquired certain nano surface technology assets and intellectual property rights from Nanovis for use in next-generation PEEK interbody fusion devices. The deal was announced on February 12, 2025.

MCZ announced the acquisition of Sital Klima and SIC, two Italian HVAC companies. Sital Klima, based in Mogliano Veneto, and SIC, based in Cologna Veneta, had combined revenue of nearly €20 million in 2023 and employ 62 people.

e2Companies, a provider of integrated power solutions, announced a business combination with SPAC Nabors Energy Transition Corp. II. The transaction values e2 at a pre-money equity value of $500 million and is expected to close in Q3 2025.

Nxu, Inc. announced shareholder approval of its merger with Verde Bioresins, Inc. Verde stockholders will own about 95% of the combined company. The transaction values Verde at approximately $306.9 million enterprise value.

Belgian tissue producer Ontex has signed a binding agreement to sell its Turkish operations to Turkish company Dilek Grup. The transaction is subject to approval by the Turkish competition authority.

Andon Health Co., Ltd. announced that its wholly-owned subsidiary Andon Hong Kong Co., Limited will purchase a 20% equity stake in iHealth Inc. from Best Ventures Limited for $45.91 million, making iHealth Inc. a wholly-owned subsidiary.

The Competition Commission of India granted approval for Bosch Group's proposed $8 billion acquisition of sole control over Johnson Controls International's residential and light commercial HVAC business, including the Johnson Controls-Hitachi Air Conditioning joint venture.

TE Connectivity has entered into a definitive agreement to acquire Richards Manufacturing Co., a provider of utility grid products, from funds managed by Oaktree Capital Management and the Bier family. The acquisition strengthens TE's position in serving electrical utilities in North America.

Aramco, through a wholly owned subsidiary, signed definitive agreements to acquire a 10% equity interest in HORSE Powertrain Limited from Renault Group and Geely, based on a €7.4 billion enterprise valuation. The deal is subject to regulatory approvals.

Mercamer, part of OptiGroup, acquired AgilePack, a Finnish specialist in food packaging automation, to enhance its market position in the food packaging sector.

Massilly Group, a French family metal packaging company, agreed to purchase the tinplate division of Hoffmann Neopac. The division includes the CM Packaging plant in Dronten, Netherlands.

Private equity firm Emerald Lake agreed to sell Inno-Pak, a food packaging company it had owned since 2020, to Handgards. No deal value or location was disclosed.

Buhler Industries Inc. signed an amalgamation agreement under which ASKO Sinai ve Teknoloji, which already owns about 96.7% of Buhler's shares, would take the company private. Minority shareholders would receive CDN$7.30 per share in cash.

Impel Company, backed by Pike Street Capital, announced the acquisition of Pump Dynamics, a flow management products and services provider serving Washington, Oregon and Arizona. The deal adds an Arizona presence and semiconductor-industry service capabilities; no value was disclosed.

CEME, a French group specializing in climate engineering, acquired Technichauffe on February 11, 2025. Technichauffe, based in Alsace, specializes in HVAC for the tertiary sector and had 55 employees and €14 million revenue in 2024.

Gamber-Johnson, a portfolio company of Main Street Capital Corporation, acquired American Aluminum Accessories, a Perry, Florida-based specialty metal manufacturer of aluminum products for law enforcement and public safety vehicles.

Cummins Inc. acquired assets of First Mode, including hybrid mining and rail product lines and IP portfolio, to enhance decarbonization solutions for mining. The deal includes manufacturing and technical teams in Australia, the US, and Chile.

Hinojosa Packaging Group acquired Envases Toledo, a corrugated cardboard packaging maker with 25 staff and EUR 5.5 million in 2024 sales. The new plant in Aldaia, Valencia, will support the group's other packaging plants in the Valencian Community.