Elcoline Group Oy completed the acquisition of Fortum's Turbine and Generator Services (TGS) business on December 31, 2024. TGS, with over 170 employees in Finland, Sweden and Germany, had a turnover of EUR 32 million in 2023.

Shinva Medical Instrument Co., Ltd announced it will acquire a 36.1913% stake in Wuhan Zhongzhi Biotechnologies Inc. for RMB166.5 million (USD22.8 million) to expand its in vitro diagnostics (IVD) product pipeline.

AIT Chemical, a sister company of AI Technology, announced its acquisition of Coral Industries, a specialty adhesive manufacturer based in Los Angeles County, California. Coral Industries develops custom adhesive products for aviation, defense, and other specialized applications.

Leesona, a subsidiary of Lohia Corp, acquired JJ Jenkins in the United States in 2024. No financial details were disclosed.

Lohia Corp acquired OMGM Extrusiontechnik S.R.L. in Italy in 2024 to add monofilament extrusion lines to its product portfolio. No financial details were disclosed.

Skarpenord AS and Xtronica AS formed a new joint venture, Skarpenord Xtronica Pte Ltd, in Singapore to combine valve control and automation technologies for maritime and offshore clients across Asia-Pacific.

International Aluminium Casting AB (IAC) has agreed to acquire the bankruptcy estate of Nyströms Pressgjuteri, a Swedish manufacturer of die-cast aluminum products. The takeover is set for January 8, 2025, with plans to restart operations immediately.

One Equity Partners (OEP) completed its majority investment in Comau S.p.A., a global industrial automation and robotics company, on December 30, 2024. Stellantis N.V. will remain an active minority shareholder.

Teledyne Technologies completed its acquisition of Micropac Industries, Inc. for $20.00 per share in cash, valuing Micropac at approximately $57.3 million. Micropac designs and manufactures microelectronic circuits, optoelectronic components, and sensor and display assemblies for military, aerospace, and medical applications.

Zebra Technologies has agreed to acquire Photoneo, a provider of 3D vision sensors and AI robotics software, from Photoneo Brightpick Group. The sale proceeds will be reinvested into Brightpick for global expansion.

Huada Jiutian (Empyrean) plans to acquire 100% of Xinhe Semiconductor via share issuance and cash, making it a wholly-owned subsidiary. The deal fills gaps in EDA tools for chip-to-system design.

Kingspan Group acquired a 51% stake in Chilean steel profile and insulated panel manufacturer Villalba Aceros, marking its entry into Chile and expanding its Latin American presence.

Meridian Adhesives Group acquired PAS Bangkok Co., Ltd., an adhesive specialist in Thailand, to expand its presence in the Asia-Pacific region.

Lafayette Mittelstand Capital acquired a majority stake in Diametal Group, a Swiss supplier of high-precision cutting tools and wear parts, effective January 1, 2025, to support international expansion.

Turkish drone maker Baykar has bought Italian aircraft producer Piaggio Aerospace, which had been under special administration since filing for bankruptcy. Financial details were not disclosed.

K-water signed a memorandum of agreement to acquire shares in Phu My Vinh and GS Minh Hung-Sikico, which operate water supply and wastewater treatment facilities near Ho Chi Minh City, Vietnam. The deal includes technical collaboration and operational support.

SMG Group announced the acquisition of Hunter Foundry Machinery Corporation, a global manufacturer of matchplate molding machines and sand casting technology for the foundry market.

Nidec Corporation announced a tender offer to acquire all shares of Makino Milling Machine Co., Ltd. for up to 257.2 billion yen, aiming to make it a wholly owned subsidiary and expand its machine tool business.

thyssenkrupp Materials NA has acquired Cobotix Manufacturing Inc., a precision metal fabricator specializing in copper and aluminum, to strengthen its capabilities in automated manufacturing and precision metal fabrication.

PCB maker Global Brands Manufacture Ltd will fully acquire Japanese peer Lincstech Co for about NT$8.4 billion (US$256.9 million) to add high-end PCBs to its product lineups and expand in Southeast Asia.

Xinrui Shares announced it will acquire 100% of Chilean company Drillco Tools S.A. for $42 million in cash through its wholly-owned subsidiary Australian Xinrui. The acquisition is funded by internal funds and a capital increase to Australian Xinrui.

Aercal Aerospace, a Spanish aerospace components manufacturer, has acquired 100% of Talleres Goerri, a Jerez-based company specializing in aeronautical machining. The acquisition is part of Aercal's consolidation strategy backed by Capza.

İzocam, a Turkish insulation manufacturer co-owned by Saint-Gobain and Alghanim Industries, finalized the acquisition of His Yalıtım, a stone wool producer under the Terrawool brand in Kayseri, Türkiye. The acquisition was approved by the Turkish Competition Authority in October 2024.

Air Works Group and Adani Defence and Aerospace signed a binding Share Purchase Agreement for Adani to acquire Air Works at an enterprise value of INR 400 crore.

Chroma Color Corp. has acquired Spectra Color Inc., a California-based manufacturer of colorants and precolored resin compounds. The deal expands Chroma's geographic reach and product offerings.

CG Power & Industrial Solutions announced that its wholly-owned Indian subsidiary Axiro Semiconductor incorporated a wholly-owned subsidiary, Axiro Semiconductor Inc., in Delaware, USA on 23 December 2024, as part of the proposed acquisition of Axiro Semiconductor.

Knife River Corp. agreed to acquire Strata Corp., a construction materials and contracting services provider in North Dakota and northwest Minnesota, for $454 million. The deal is expected to close in the first half of 2025.

Japan's Kaneka Corporation announced the acquisition of 96.8% of shares of Israeli medical device company EndoStream Medical, which develops the Nautilus device for aneurysm treatment. The deal is valued at an estimated $100 million, and Kaneka plans to jointly develop and manufacture new cerebrovascular devices, targeting over $120 million in sales by 2030.

Honda Motor Company and Nissan Motor Corp. announced they will merge into a joint holding company by 2026, with shares expected to list on the Tokyo Stock Exchange by August 2026. The combined company, including Mitsubishi, will become the third-largest automaker globally by volume.

John Bean Technologies Corporation (JBT) announced that its voluntary takeover offer to acquire Marel hf expired on Dec. 20, 2024, with 97.5% of Marel shareholders approving the deal. The combination is expected to occur on Jan. 2, 2025, and JBT will change its corporate name to JBT Marel Corporation.

The INX Group Limited, a wholly owned subsidiary of Sakata INX, has completed the acquisition of Coatings & Adhesives Corporation (C&A), a specialty coatings company in North America. The newly formed entity, INX International Coatings and Adhesives, will operate as a sister company alongside INX International Ink Co.

Boeing announced a pending $4.7 billion acquisition of Spirit AeroSystems, a strategic move to prop up manufacturing.

Artinis Medical Systems B.V. acquired Twente Medical Systems International (TMSi) B.V., combining expertise in optical measurements and electrophysiological signals for medical and scientific markets.

BACHMANN PLANTEC AG will take over HerkuPlast Kubern GmbH on January 1, 2025. HerkuPlast, based in Ering, Germany, produces plastic products for the cultivation sector and employs around 35 people.

Nissan and Honda signed a memorandum of understanding on December 23, 2024, to merge, creating the world's third-largest automaker. Mitsubishi Motors also agreed to join the talks.

Duravant, a global engineered equipment and automation solutions provider, has acquired POSS Design Limited, a Canadian manufacturer of protein processing solutions, to expand its protein processing equipment portfolio.

Kangda Environmental Protection (06136) announced that its indirect wholly-owned subsidiary Chongqing Kangda Environmental Protection Industry (Group) Co., Ltd. will sell 100% equity of Zhongshan Kangda Water Co., Ltd. to Zhongshan Xiaolan Water Co., Ltd. for a total consideration of 96.05 million yuan.

Vescom Groep B.V. has acquired the activities of Koninklijke Nederlandse Textielfabrieken J.A. Raymakers & Co. B.V., a velvet producer that filed for bankruptcy in October 2024. Velvet production will continue at Gemert and Helmond under the new company Vescom Velvets B.V.

UK based lifting gear supplier RHC Lifting has acquired lifting gear supplier Premier Lifting and Safety.

Manitou has acquired the robotics division assets of French test bench group Sitia.

UK rental company Aerial Platforms Limited (APL) has been acquired by private equity owned Centurion group.

Austrian crane/access rental and heavy haulage company Felbermayr has acquired Dutch company Jozef Hermans Industrial Movers.

Dutch aerial lift and telehandler distributor HDW has acquired Ruthmann distributor Kwak Hoogwerker Centrum.

Private equity firm Endless has acquired the UK battery supply business of Ecobat from its US parent Ecobat group.

German rental group Mateco has acquired aerial lift and telehandler rental company Induma Rent.

Allison Transmission is to acquire the Off-Highway business of axle manufacturer Dana for around $2.7 billion.

Brazilian rental company Mills has acquired the equipment and rental operations of Next Rental Locações.

Platinum Elite Holdings has acquired agricultural parts and construction tools supplier Equip Rasen.

Norwegian turnkey rotating equipment specialist Delta-p merged with Haakon Larsen and Greenerway to form Shift Energy Holding, with Delta-p shareholders taking a 50% stake; EY advised.

ARI-Armaturen Albert Richter announced the acquisition of Warren Controls, Inc., a control valve company based in Bethlehem, Pennsylvania, to expand its presence in the USA.