Nord West Management GmbH and Niederrheinische Beteiligungs Gesellschaft mbH signed an agreement to acquire GEZ Rail Solutions GmbH from Schaltbau Holding AG. The transaction is expected to close by end of 2022.
John Deere announced a R$190 million investment in its construction division at two factories in Indaiatuba, Brazil, to increase production capacity for yellow-line machines and enhance Industry 4.0 technologies. The investment will also create jobs by expanding operations from one to three shifts.
VIMAB Group signed a letter of intent to acquire 100% of AoO CNC AB, a Swedish advanced mechanical machining company, for a total purchase price of 23.3 MSEK. The transaction is planned to close in Q1 2023.
LS Mtron concluded a contract worth 500 billion won ($387.4 million) to supply 28,500 tractors to CNH Industrial from 2023 to 2025, primarily for North American and European markets.
LS Mtron signed a contract with CNH Industrial to supply OEM tractors worth 500.5 billion won from January 1, 2023 to December 31, 2025.
Fusium, parent of Fonderie Saguenay and TMA, acquired Fonderie BSL of Rimouski on November 1, 2022, adding steel casting capabilities to its existing iron, aluminum and magnesium offerings.
Goodeng Machinery held a groundbreaking ceremony on November 26, 2022 for its first overseas production base in Thailand-China Rayong Industrial Park, Thailand. The facility will assemble machinery.
Crane and hoist manufacturer Condra has acquired Optidrive variable-frequency drives distributor iTek Drives for an undisclosed amount. The deal secures Condra's supply of Optidrive VFDs for its cranes.
Chuangji's wholly-owned subsidiary Chuangji Investment (Shenzhen) Co., Ltd. plans to form a joint venture with Guangzhou Feihong Intelligent Technology Co., Ltd., focusing on the R&D, production, sales and service of five-axis CNC machine tools. Chuangji Investment will hold a controlling stake. The announcement was made on December 2, 2022.
Brother Machinery India Private Limited plans to establish a machine tools manufacturing unit on 8 acres of land at Japanese Industrial Township, Vasanthanarasapura Industrial Area, Tumkur District, Karnataka. The project received approval from the Karnataka State Level Single Window Clearance Committee in December 2022 and has an estimated value of Rs. 280 crore.
Karl Eugen Fischer, a manufacturer of cutting machines for the tyre industry, acquired Slovakia's Konstrukta-Tire Tech (KTT), a specialist in extrusion and cutting machines, in December 2022.
SurTec acquired omniTECHNIK, a Munich-based developer of pre-coated thread coatings for fasteners. The terms of the transaction were not disclosed.
Andromeda Systems Incorporated (ASI) acquired Tools for Decision (TFD) on November 17, 2022, including TFD Group in the US, TFD Europe Ltd in the UK, and a partial stake in TFD Africa. The acquisition will integrate TFD's software and services into ASI's offerings.
Schaeffler acquired Melior Motion GmbH, a precision gearbox manufacturer, earlier in 2022 and renamed it Schaeffler Ultra Precision Drives GmbH as of December 1, 2022. Schaeffler has since doubled production capacities in Hameln, Germany, and set up a production line in Nanjing, China.
Italian company Telema Holding, through subsidiaries Telark R and Izotalco R, is setting up two facilities in Penza region, Russia. One will produce power contactors for rail transport and industry, the other technical ceramics. Investments total 270 million rubles.
Cachapuz Bilanci Group's SLV Cement technology will automate logistics at NovaCim's new 1.4Mta greenfield cement plant in Morocco. The plant is scheduled for start-up in 2023.
Nidec Machine Tool Corporation, part of Nidec Corporation, has acquired 100% of Italian machine tool manufacturer Pama spa. The deal is valued at approximately €100 million.
Windings Inc., a manufacturer of precision engineered motors and motor components, acquired McCully Corporation in California on November 30, 2022. The acquisition expands Windings' capabilities and West Coast presence.
Tupy S.A. concluded the acquisition of MWM do Brasil for R$855 million, integrating machining, assembly and engineering services and entering the energy and decarbonization sectors.
Sinomach Precision Industry Co., Ltd. (002046.SZ) plans to acquire 8.84% of Chengdu Tool Research Institute Co., Ltd. from Shenzhen Huayue Real Estate and Sichuan Lixie Precision Industry Technology, gaining control of the company.
Shandong Weida Heavy Industry Co., Ltd. is building a heavy CNC machine tool intelligent factory in Tengzhou, Shandong, with a total investment of 1 billion yuan. The facility will cover 105 mu and produce over 1,500 heavy-duty high-end CNC machine tools annually once completed.
Velox Automation won an order worth INR 100 million from a major Indian chemical company for an Integrated Motor Control Center (IMCC) solution with SCADA and IoT capabilities.
WEG inaugurated a new electric motor production plant in Algeria, operated by WEG Algeria Motors Spa, with a production capacity of over one million motors per year.
AGIC Capital acquired a majority stake in ATEC Pharmatechnik GmbH, a manufacturer of aseptic processing solutions for pharmaceutical and bioprocessing applications. The sellers, founder Hans-Werner Mumm and HANNOVER Finanz Group, will retain a stake, and Mumm will continue as CEO.
Nidec Corporation announced it will acquire PAMA S.p.A., an Italian machine tool manufacturer specializing in horizontal boring mills, to accelerate growth in its machine tool business. The acquisition price and completion date were not disclosed.
Chinese company Daye has begun construction of its first plant in Mexico, located in Parque Hofusan, Salinas Victoria, Nuevo Leon. The $120 million investment will generate 2,000 direct jobs, with operations expected to start in July 2023.
Griffner Metallveredelung is completing assembly work at its Werk 2 in Griffen, Austria, to increase capacity and quality. The expansion includes a new hall, automated conveyor technology, a powder coating line, and biomass boiler, with completion expected in early 2023.
NOVAIR USA plans to invest more than $1 million and add 12 jobs at its North Tonawanda, New York plant to expand oxygen and nitrogen generator manufacturing, including moving some production from America Energy in Miami.
HOERBIGER initiated construction of a new plant in Changzhou, Jiangsu Province, China, on 29 November 2022, to house its Compression and Safety operations. The building is due for completion by the end of 2023.
ANDRITZ Separation has been awarded an EP contract by CEMEX Deutschland AG to supply a refuse-derived fuel (RDF) belt dryer for the cement plant in Rüdersdorf, Germany. The dryer will help increase the thermal substitution rate and reduce CO2 emissions.
PVA TePla AG has fully acquired MPA Industrie SA, a French high-tech process equipment manufacturer specializing in silicon carbide (SiC) coatings and ceramic matrix composites. The acquisition strengthens PVA TePla's position in high-temperature process technologies for the industrial and semiconductor sectors.
Trützschler Card Clothing (TCC) is expanding its site in Neubulach, Germany, with a €12 million investment to expand production, warehouse and office capacities. The groundbreaking ceremony will take place during the coming winter, and the move into the new building is planned for 2024.
Singapore-based C-LNG Solutions subcontracted Norway's TMC Compressors to supply boil-off gas compressors for the LNG dual-fuel conversion of Matson's containership Daniel K. Inouye, which is being converted at a Chinese yard. The price was not disclosed.
Articas Cryogenics has been awarded a delivery agreement for on-shore vacuum insulated tanks by Nordion Energi AB, valued at 382,521,961 SEK. The contract runs from November 2024 to December 2026.
Platinum Stairlifts opened a new purpose-built manufacturing facility, Foundry Park in Keighley, UK. The multi-million pound facility will more than double production capacity and create 30 new manufacturing jobs.
Shibaura Machine India plans to invest Rs. 225 crore in its Chennai plant to expand injection molding machine capacity to 3,200 machines a year in phases. A new factory adjacent to the existing plant is under construction, with trial production expected by November 2023.
Ziehl-Abegg is investing 100 million euros in a new 46,500 m2 US production plant in Winston-Salem, North Carolina, expected ready for occupancy in 2024, with the existing Greensboro site relocated there in 2025.
BULA Technologie SA, a company of Groupe Recomatic, acquired COSMAP Srl, strengthening its position in surface finishing of workpieces and automatic machinery.
Diehl Controls opened a new 18,000 sqm research, development and production facility at CTPark Brașov in Romania, with an initial investment of EUR 15 million expected to increase by EUR 40 million over ten years, creating 200 jobs initially and over 600 by end of 2027.
Edwards, part of Atlas Copco Group, is building a 15,000 m2 manufacturing facility in Asan City, South Korea, for vacuum and abatement systems used in semiconductor manufacturing, expected to be fully operational in Q3 2023.
Bosun Co., Ltd. signed contracts with Inner Mongolia Junzheng Chemical Co., Ltd. and Ningxia Yinglite Chemical Co., Ltd. for calcium carbide finished product smart factory/workshop projects, totaling 360 million yuan.
Laakirchen Papier AG has commissioned Voith to rebuild PM 11 at its Laakirchen site, converting it from graphic papers to containerboard production. The rebuilt line will produce up to 500,000 tons per year, with planned start-up in Q2 2024.
Bauer AG acquired all shares in fielddata.io GmbH, a software provider for specialist foundation engineering, integrating its digital solutions exclusively for Bauer Maschinen GmbH and Bauer Spezialtiefbau GmbH customers.
Metso Outotec has broken ground on a new service centre in Karratha, Western Australia, with a total investment of $49.5 million. The 35,000 sqm centre will be the company's largest service centre globally, expected to be completed in Q4 2023.
SNT Energy's subsidiary SNT Gulf for Industry signed a contract to supply air coolers valued at KRW 13.84 billion, with a contract period until July 16, 2024.
Thermal Energy International Inc. received orders totalling approximately $2.5 million CAD from a leading snack manufacturer to implement a water recovery, thermal energy efficiency and carbon emission reduction project across 16 sites. The order covers engineering, supply and installation of GEM steam traps.
Shanghai Chaozhuo Metal Materials, a subsidiary of Hubei Chaozhuo Aviation Technology, will acquire 100% of Xiangyang Jiade Machinery for CNY 50 million to expand additive manufacturing applications.
Atlas Copco acquired the operating assets of Northeast Compressor, a seller of air compressors and services to industrial customers in upstate New York, strengthening its geographic coverage there; the price was not disclosed.
Lokesh Machines Limited entered into a Memorandum of Understanding with Advanced Manufacturing Technology Development Centre, IIT Madras on November 21, 2022, to develop critical technologies such as the Rotary Drive Unit for the Milling Head and Integrated Milling Spindle for 5-axis machine tools.
Alimak Group AB has completed the acquisition of Tractel, a provider of height solutions, to create a global provider of sustainable premium height solutions with annual revenue above SEK 6 billion.