H.I.G. Capital has signed a definitive agreement to invest in the HELLER Group, a German machine tool manufacturer. The Heller family will retain a significant ownership interest.

KHS Group has acquired a majority share in Tyrolon-Schulnig, a specialist in active bottle grippers and bottle handling systems for PET and glass containers.

Proquip Rental and Sales has acquired Hume Hire, an earthmoving plant and equipment rental provider with branches in Albury and Wagga Wagga, NSW. Full integration into the Proquip Group is expected in early 2025.

Finland-based Vexve Group completed its acquisition of Danish dynamic balancing valve manufacturer Frese A/S after finalising the FDI filing in Denmark. The transaction was completed on 31 January 2025, and the combined company has a turnover of approximately 200 million EUR.

GME Chemicals (S) Pte Ltd, part of Biesterfeld Group, has acquired the entire distribution business of Tat Lee Engineering Private Limited, including distribution rights for DuPont's MOLYKOTE lubricants and DOW's DOWSIL silicone materials. The closing took place on February 3, 2025.

Končar and Siemens Energy Group received European Commission approval on February 3, 2025, for their joint venture Končar - Transformatorski Kotlovi, which will manufacture and sell transformer tanks. The new factory is expected to employ about 400 people.

Hawkins, Inc. completed the acquisition of the assets of Amerochem Corporation, a distributor of water treatment chemicals and equipment in North Carolina. The deal adds a 50th water treatment location in the U.S.

Toromont Industries Ltd. acquired a 60% ownership of AVL Manufacturing Inc., a leader in design and fabrication of power generation and storage enclosures based in Hamilton, Ontario. The purchase price is paid in cash and shares, with a commitment to purchase the remaining 40% by 2031.

Heidelberg Materials North America has signed a binding agreement to acquire Giant Cement from its minority shareholders for approximately $600 million. Giant Cement's Thomaston, Maine plant is scheduled to shut in early 2025.

Kurita America, part of the Kurita Group, announced a pending merger with sister company Avista Technologies, Inc., effective April 1, 2025. Avista, based in San Marcos, California, specializes in membrane treatment solutions for reverse osmosis and filtration systems.

Triumph Group has entered into a definitive agreement to be acquired by affiliates of Warburg Pincus and Berkshire Partners in an all-cash transaction valued at approximately $3 billion, taking the company private.

American Metals LLC, a subsidiary of American Resources Corporation, announced a proposed business combination with AI Transportation Acquisition Corp valued at $170 million. The combined company will be listed on Nasdaq as Electrified Materials Corporation.

Ingersoll Rand acquired SSI Aeration, a global leader in wastewater treatment plant equipment, to extend its capabilities in wastewater treatment. SSI has manufacturing facilities in the US, South Korea, and India.

Resonac Holdings transferred all shares of its wholly-owned subsidiary Resonac Packaging, which makes secondary battery and food packaging materials, to Dai Nippon Printing effective February 3, 2025. Resonac says the impact on its performance will be insignificant.

A Southeast-based private equity firm, in partnership with an executive initiated by HarveyCEO, acquired ChemREADY, a provider of chemicals, equipment, and services for water and wastewater treatment.

Coltala Holdings announced the creation of Coltala Aerospace through the acquisition of Aeroparts Group (APG), which includes Evans Composites, APM and ACD Consulting. The acquisition was completed on February 18, 2025.

On 1 February 2025, SRT merged with Colmar Technik, completing the integration process that began with the acquisition in August 2023. The merger consolidates production and commercial synergies in the railway sector.

Alpacem completed its acquisition of the 0.66Mt/yr Fanna cement plant near Pordenone, Italy, and several ready-mixed concrete plants from Buzzi. Buzzi received a 25% stake in Alpacem Zement Austria.

TriMas Aerospace has acquired the aerospace division GMT Aerospace from GMT Gummi-Metall-Technik GmbH. The transaction was signed in fall 2024 and closed on 17 February 2025 after FDI clearance.

Private equity firm Amethis acquired a majority stake in Kazareen Textile Group (KTG), a textiles and apparel manufacturer headquartered in the UK with operations in multiple countries. The deal was announced on 6 February 2025.

Dongkuk CM, a cold-rolled and color steel plate specialist under Dongkuk Steel Group, completed the acquisition of Ajoo Steel in January 2025, making Dongkuk CM the world's largest color steel plate producer by output.

Indovinya, the global business division of Indorama Ventures, completed on January 31, 2025 the acquisition of the Kemelix demulsifiers and Flowsolve flow assurance products brands from Cargill Bioindustrial UK Limited, including trademarks, customer relationships, patents, tolling rights and an R&D facility in Houston.

Motion Industries signed a definitive purchase agreement to acquire the net operating assets of Maguire Bearing Company, an industrial distributor based in Hawaii. The transaction is expected to close at the end of February 2025.

HE-Parts International, a subsidiary of Hitachi Construction Machinery, acquired Brake Supply Company, Inc., a subsidiary of Koch Enterprises. Brake Supply is a supplier of aftermarket mining equipment parts and rebuild services in North America.

TIB Chemicals AG signed a definitive agreement to acquire REAXIS Inc., a US manufacturer of tin catalysts and specialty additives, effective January 31, 2025. The acquisition strengthens TIB Chemicals' presence in North America and expands its product portfolio.

LämpöYkkönen Oy acquired a majority stake in Savonlinnan Lämpöpumppu Oy and JH Lämpö Oy from entrepreneur Teemu Lautiainen in January 2025. The deal does not affect the names, facilities, or staff of the acquired companies.

WAI Global acquired ACI Automotive, a supplier of washer pumps, window regulators and door components, from Standard Motor Products. The acquisition expands WAI's product portfolio in the automotive aftermarket.

Badger Meter acquired SmartCover Systems from XPV Water Partners for $185 million. SmartCover provides real-time monitoring of sewer lines and lift stations for water utilities.

IES Holdings acquired Arrow Engine Company, a provider of engines, generator sets, compressors, and replacement parts for the natural gas production market, from TriMas Corporation. The acquisition includes Arrow's 130,000 sq ft manufacturing facility in Tulsa, Oklahoma.

Protective packaging specialist Storopack signed an agreement to acquire 74.9% of shares in OPITZ Packaging Systems GmbH, a manufacturer of automation solutions for packaging systems. The Opitz family retains 25.1% and continues to manage operations.

JOST Werke SE has acquired Hyva, a Netherlands-headquartered producer of hydraulic solutions for commercial vehicles with over 3,000 employees and 14 production facilities. The acquisition expands JOST's presence in Asia and the Americas.

Cementos Progreso Holdings acquired Cemex's operations in the Dominican Republic, including export business to Haiti, expanding its presence to eight countries in Latin America and the Caribbean.

NAMAKOR Holdings acquired Metallomax Inc., a Quebec-based manufacturer of specialized lift platforms and industrial transport equipment.

Abu Dhabi National Oil Co. (Adnoc) and Austria's OMV are expected to complete the merger of their jointly owned petrochemical players Borealis and Borouge in February, creating an estimated $30 billion polyolefins industry giant.

Clearwater Industries, an EAI Water company, acquired Artech Water Systems, Inc., a water softening and conditioning services provider based in Madison, Connecticut.

LFM Capital portfolio company Excelis Packaging Automation has acquired Marks Machinery, a manufacturer of replacement parts for beverage filling equipment based in Suwanee, Georgia. Financial terms were not disclosed.

American Axle & Manufacturing has agreed to acquire Dowlais, the former automotive division of UK engineering firm GKN, for £1.16 billion in a cash-and-stock deal. Dowlais is a world leader in drive systems for the automotive industry.

Aalberts N.V. has reached an agreement to acquire 100% of the shares of Paulo Products Company, a provider of industrial heat treatment and related services with annual revenue of approximately USD 105 million and 522 employees. Paulo operates five facilities in the USA and one in Mexico.

Transformers & Rectifiers (India) Ltd (TARIL) has acquired a controlling 51% stake in Posco-Poggenamp Electrical Steel Pvt Ltd (PPESPL), a CRGO laminations processor for transformers and reactors. PPESPL has a CRGO processing capacity of 24,000 tonnes per year.

Mitsubishi Electric Corporation announced that its subsidiary Mitsubishi Electric India Pvt Ltd will acquire a stake in Indian software startup Gervigreind Data Science Pvt Ltd (Itanta Analytics) to jointly develop and sell no-code data-analysis and report-generation applications for factory automation.

Sojitz Corporation signed a share purchase agreement to acquire a 70% stake in Climatech Group Holdings Pty Ltd., an HVAC design, construction, and maintenance services company based in New South Wales, Australia. The acquisition is via Sojitz's subsidiary Ellis Air Group.

French multinational Saint-Gobain acquired Provequín, a Chilean operator specializing in chemical solutions for construction and mining. The acquisition allows Saint-Gobain to enter the construction chemicals market in Chile and produce locally.

Funds managed by Brookfield Asset Management completed the acquisition of nVent Electric's Thermal Management Business, including RAYCHEM and TRACER brands, for $1.7 billion in cash. The deal was announced on July 31, 2024 and completed by January 29, 2025.

HEXAOM has finalized the acquisition of a 75.5% stake in Groupe HDV, a French home construction group with brands including Alpha Constructions and Ya'K construire.com. The deal strengthens HEXAOM's presence in Nouvelle Aquitaine and Loiret.

Ishida has acquired National Packaging Systems (NPS), a South African manufacturer of filling and packaging equipment. The acquisition will be unveiled at Propak Africa 2025, expanding Ishida's portfolio in Africa.

Grundfos completed the acquisition of Culligan's commercial and industrial division in Italy, France, and the UK, establishing Grundfos Water Treatment Italy. The acquired businesses generated over €100 million in turnover in 2023 and employ around 400 people.

Eagle Materials announced the acquisition of Bullskin Stone and Lime, LLC, a pure-play aggregates business in Western Pennsylvania, during its fiscal third quarter ended December 31, 2024.

Stellantis has acquired all minority shares held by Punch Powertrain in the joint venture created in 2018, gaining full ownership of eDCT transmission production activities at plants in Metz, France, and Turin, Italy.

MotionTech Group acquired Heber Fördertechnik, a German family-owned conveyor technology manufacturer, to expand its intralogistics automation business in Germany.

VBG Group's Mobile Thermal Solutions division agreed to acquire all shares in Italytec Imex Indústria e Comércio Ltda., a Brazilian HVAC manufacturer for offroad vehicles, for an estimated 260 MSEK plus additional earn-out of 27 MSEK.