Valmet signed an agreement to supply 800 Neles NDX valve controllers and 500 Neles B1 actuators to modernize valves at Mercer Stendal's pulp mill in Arneburg, Germany, with delivery finishing by end of 2023.
SyBridge Technologies, a global industrial technology company, acquired Galway Tool & Mould Limited, a precision tooling company based in Galway, Ireland. This is SyBridge's first investment in Europe and its thirteenth acquisition since 2019.
John Deere will spend $29.8 million to expand its Thibodaux, Louisiana plant, creating 70 jobs, to shift cotton harvester manufacturing from China to the U.S.
Long-term investment company VADO Beheer has acquired Orangeworks, a Dutch developer and producer of process installations and production equipment for the food industry. Orangeworks expects 2022 turnover of over €40 million.
MGO (Mécanique Générale Outillage) has invested €600,000 in two new large-format milling machines at its Gray site, enabling machining of parts up to 4.5 meters long. An additional €200,000 was spent on complementary equipment.
Perryman Company placed an order with SMS group for two new forging machines: a 40/45 MN high-speed open-die forging press and an SMX 500/15 MN hydraulic radial forging machine, including a fully integrated process and production control system. The investment will expand Perryman's titanium forging capabilities for aerospace and medical applications.
Groz-Beckert KG has acquired 100% of TKM GmbH, a tool manufacturer for industrial cutting precision tools. The transaction is subject to antitrust review.
Alstom has launched bogie production for regional trains, metros and trams at a new site in Nadarzyn, Poland, with an investment of over EUR 10 million. The facility has an annual capacity of up to 3,000 bogies and will employ 200 people.
Weihua Group started construction of the Weihua Low-Carbon Intelligent Equipment Industrial Park in Changyuan, China, with a total investment of 4 billion yuan, expected to create over 3,000 jobs and produce cranes, reducers, and motors.
The Doppelmayr Group acquired the vehicle body and ropeway carrier manufacturer Carvatech from Upper Austria, effective October 10, 2022. Carvatech will remain an independent brand within the Group.
Summit Hydraulics, backed by North Branch Capital, merged with Access Truck Parts, a supplier of water distribution equipment, to create a leader in mobile equipment aftermarket parts.
GEA Heating & Refrigeration Technologies introduced the Grasso L XHP high pressure screw compressor and Grasso V XHP high pressure piston compressor at Chillventa 2022 in Nuremberg.
Maersk and Unipart Logistics signed a five-year contract to manage JCB's global supply chain, with Maersk as lead logistics provider and Unipart operating JCB's UK logistics sites, starting early 2023.
KULR Technology Group launched KULR VIBE, an AI-driven vibration reduction service for aviation, industrial motors, and wind energy farms.
KULR Technology Group acquired VibeTech, a company specializing in vibration reduction technology, to enhance its energy management platform.
Valmet will supply key process technology for Cheng Loong Binh Duong Paper Company's new containerboard machine 23 at its Ben Cat mill in Binh Duong Province, Vietnam. The order is valued between EUR 20 and 30 million.
UFI Filters Group, through its subsidiary UFI Filters Hydraulics, acquired 100% of Friedrichs Filtersysteme GmbH, a hydraulic filter manufacturer based in Wassenberg, North Rhine-Westphalia.
Ingersoll Rand agreed to acquire SPX FLOW's Air Treatment business, a maker of compressed air dryers and filtration systems, for about $525 million. The business had expected 2022 revenue of about $180 million.
Titan Machinery announced an agreement to acquire Heartland Ag Systems, the largest Case IH application distributor in North America, for $110 million.
Bosch Rexroth will invest $58 million in a new state-of-the-art customizing and R&D facility in Mecklenburg County, North Carolina, expanding operations for linear motion and assembly technologies. The company will retain 326 employees and hire 24 more.
Kubota Corporation announced a £100 million expansion of its mini-excavator manufacturing facility in Hirakata, Japan, increasing annual production capacity from 48,000 to 78,000 units. A new building will be erected for painting and assembly.
John Deere dealer Dobbs Equipment completed the acquisition of Flint Equipment, adding 18 stores in Alabama, Georgia and South Carolina to its footprint.
Epicor announced the acquisition of eFlex Systems, a Manufacturing Execution System vendor based in Rochester Hills, Michigan. The terms of the deal were not disclosed.
Oltrogge GmbH & Co. KG took over the compressed air technology division of Flaco Geräte GmbH in Gütersloh, effective October 1, 2022, with 85 employees transferring. The announcement was published on October 5, 2022.
Southland Trailers will build an 85,000 square-foot advanced manufacturing plant in Lethbridge County, Alberta, creating 250 jobs. The facility will double cargo trailer production capacity from 20 to 41 per day, supported by a $2.06 million government grant.
Elkamet announced a $4.6 million expansion of its Henderson County facility in East Flat Rock, North Carolina, creating at least five new jobs with an average wage exceeding $53,000 annually.
NIBE Group has acquired 100% of the shares of German ELMESS-Klöpper Group, a manufacturer of electrical process heating solutions. The acquisition closed on 1 October 2022.
Hultafors Group AB of Gothenburg, Sweden, has acquired Martinez Tool Co., a US-based premium tool company specializing in titanium hammers. The acquisition was announced on October 4, 2022.
GKN Aerospace acquired Permanova Lasersystem AB, a Swedish company specializing in advanced laser technology and additive manufacturing, to strengthen its capabilities in additive manufacturing for aerospace engine components.
PTG Holroyd received an order valued over $1.7 million from a North American rotary screw compressor manufacturer for a TG 350E CNC rotor grinding machine, scheduled to ship in spring 2023.
Modern Ice Equipment & Supply and nVenia have entered into a master distributor agreement for all nVenia industrial ice equipment. Modern Ice will distribute nVenia's HAMER Brand ice equipment and parts to customers worldwide.
NIBE Group acquired 100% of the shares of the German ELMESS-Klöpper Group, a manufacturer of electrical process heating solutions. The group has annual sales of approximately EUR 23 million and 190 employees.
ANDRITZ received an order from Bracell SP Celulose Ltda. to supply four PrimeLine W 2000 tissue production lines for its mill in Lençóis Paulista, São Paulo, Brazil. Start-up is scheduled for 2024.
Atlas Copco acquired the operating assets of the compressor business of Mesa Equipment & Supply Company in Albuquerque, New Mexico, adding 19 employees to its Compressor Technique service division. The purchase price was not disclosed.
XCMG Port Machinery started operations at its new manufacturing base in Xuzhou, China. The 48-acre factory can produce 2,000 units per year, with total cost estimated at US$171.06 million and expected sales of US$514.68 million.
ATS Automation has acquired ZI-ARGUS, a Bangkok-based systems integrator providing solutions in process control, automation, and engineering. The terms of the transaction were not disclosed.
Bosankar has begun construction of a new production plant in Prijedor, Bosnia and Herzegovina, for manufacturing cabins for industrial, construction and agricultural machinery. The investment is 5 million euros, with a 6,400 sq metre hall expected to create 50 jobs in the first phase.
Alstom has purchased three Correa gantry milling machines for its Česká Lípa plant in the Czech Republic. The project, worth several million euro, includes a FOX-40 and two FOX M-80 machines co-produced with TGS.
CASE celebrated the installation of a new high precision Soralux Duplex milling machine at its Pithampur plant in India. The machine will be used for machining crawler excavator structural parts, increasing efficiency and precision.
ABB plans to purchase Siemens' low-voltage NEMA motor business in Guadalajara, Mexico, which employs around 600 people and has revenues of about $63 million. The deal is expected to close in Q2 2023.
Integrity Fab & Machine, a supplier of cutting, grinding, machining, and packaging equipment, was acquired by BICO Steel in October 2022. Terms were not disclosed.
YIZUMI has officially opened its new factory in Ahmedabad, Gujarat, India, with a floor area exceeding 20,000 sqm, for manufacturing and servicing injection molding machines.
Epiroc agreed to acquire Wain-Roy, a US manufacturer of excavator attachments for the construction industry, with a manufacturing site in Kronenwetter, Wisconsin, about 100 employees and annual revenues of about MSEK 200.
Magni Telescopic Handlers and euroTECH Vertriebs GmbH partnered to integrate the eT-Litocran700 vacuum lifter as an add-on module for MAGNI telehandlers. They will jointly exhibit at Bauma 2022 in Munich.
Kubota has started production at a new small construction machinery manufacturing plant in Salina, Kansas, with an investment of $53 million and about 190 new jobs. Future expansion could bring total investment to $124 million and 90 additional jobs.
Japan's EBARA Corporation acquired 100% of Hayward Gordon L.P., a Toronto-based maker of heavy-duty process pumps and mixers, expanding EBARA's North American presence. The deal value was not disclosed.
Seco Tools inaugurated a 2,500 m² manufacturing plant in Ramos Arizpe, Coahuila, Mexico, with a $2 million investment. The plant will produce industrial cutting tools and is expected to create over 100 jobs.
Metallo, part of Grupo Crucianelli, added a new press brake, welding robot and laser cutter to its plant in Armstrong, Santa Fe, and is hiring staff. The company also completed a new 6,000 m² plant in 2022 with a total investment of USD 9 million.
Brox Boiler & Burner Company, through its Russian representative Broks, plans to build a plant in Furmanov, Ivanovo Oblast, to produce industrial steam boilers. Investment is 680 million rubles, creating 62 jobs, with launch expected by end of 2024.
Kanto Seiki announced a new building at its Eda factory in Maebashi, Gunma, to raise production capacity and productivity, with about ¥700 million investment and completion planned for August 2023.