Aramco has completed its acquisition of a 10% stake in Horse Powertrain, a joint venture between Renault and Geely, valued at $7.8 billion (€7.4 billion). Renault and Geely each retain 45%.

Heidelberg Materials North America has signed a definitive purchase agreement to acquire Giant Cement Holding Inc. and its subsidiaries for approximately US$600 million. The transaction includes an integrated cement plant in Harleyville, South Carolina, distribution terminals, and an alternative fuel recycling business.

Lamidey Noury, a French manufacturer of electrosurgical instruments, has joined the Halma Group. The acquisition will enable Lamidey Noury to accelerate growth and innovation.

Sandvik AB acquired Universal Field Robots (UFR), a developer of autonomous systems for surface and underground mining markets. UFR will report to Digital Mining Technologies within Sandvik Mining and Rock Solutions. UFR has about 40 employees and is headquartered in Eagle Farm, Australia.

INEOS Enterprises entered into an agreement to sell its INEOS Composites business to KPS Capital Partners for an estimated consideration of approximately €1.7 billion. The business has combined sales of over €800 million per year and employs about 900 people across 17 sites and 3 technology centres.

GE HealthCare has agreed to acquire the remaining 50% stake in Nihon Medi-Physics (NMP) from Sumitomo Chemical, assuming full ownership. The transaction is expected to close in early 2025, subject to regulatory approvals.

Momentum Group, through subsidiary Momentum Industrial, signed an agreement to acquire 100 percent of Indoma AB, a Jönköping-based supplier of industrial components. Indoma will run as an independent subsidiary under its current management.

Finland's Vexve Group is acquiring Denmark's Frese A/S, a valve manufacturer based in Slagelse, after 80 years of Frese family ownership. René Barington will remain CEO and operations in Denmark will stay intact.

Arkema, through Bostik, finalized the acquisition of Dow's flexible packaging laminating adhesives business, which has around US$250 million in annual sales and five production sites in Italy, the United States and Mexico. The enterprise value is US$150 million.

Enterprise Adhesives & Chemicals, a Basildon-based glue manufacturer, was acquired by Pafra Adhesives, also based in Basildon, a leading adhesives supplier to the paper converting and packaging sector. The deal strengthens both companies' presence and manufacturing capabilities in the UK market.

Worthington Steel, through its subsidiary Tempel Steel Company, has agreed to acquire an approximately 52% stake in Italy-based Sitem Group, a producer of electric motor laminations. The transaction is expected to close in early 2025.

JBT Corporation completed its voluntary takeover offer for Marel hf., acquiring 97.5% of shares and initiating compulsory acquisition for the remainder. The combined entity, JBT Marel Corporation, will be a global leader in food technology.

Huaxin Cement announced plans to acquire a 27.77% stake in Lafarge Africa Plc, Nigeria's oldest cement company, for a total of $8.38 billion through two subsidiaries. The acquisition aims to expand Huaxin's presence in West Africa.

Italian plastic packaging company Capardoni completed its merger with Capsol at the end of 2024, creating a group with more than EUR 50 million turnover and three production sites in Lombardy. The merger was reported in July 2025.

TOPPAN Holdings signed an agreement to acquire the flexible packaging and thermoformed container business of SONOCO Products Company for about 1.8 billion US dollars, expanding its sustainable packaging operations in North and South America.

McLaren Packaging and VPK UK & Ireland agreed to form a 50/50 joint venture, McLaren Corrugate Limited, combining McLaren's Port Glasgow corrugate plant with VPK's East Kilbride site to serve the Scottish corrugated market.

Novolex and Pactiv Evergreen agreed to combine into a food, beverage and specialty packaging manufacturer, with Pactiv shareholders receiving $18.00 per share in cash. CPP Investments will contribute about US$1 billion and become a significant minority shareholder.

Hyundai Mobis acquired a significant stake in U.S. fabless semiconductor company Elevation Microsystems for $15 million. The investment was completed in November 2024.

Carlisle Fluid Technologies acquired Reinhardt-Technik GmbH, a specialist in adhesive, dosing and potting technology, from Wagner on November 29, 2024. The management team will continue under the Reinhardt-Technik brand.

Canadian automotive components supplier ABC Technologies has agreed to acquire British TI Fluid Systems for £1.04 billion ($1.32 billion), expanding the combined group's global reach.

ENEOS Materials Corporation agreed to acquire MOL's 49% stake in ENEOS MOL Synthetic Rubber Kft (EMSR), giving ENEOS 100% ownership. The transaction is expected to close in Q1 2025, subject to regulatory approval.

Japan's Marubeni-Itochu Steel (MISI) has acquired Scotland-based plate processor Angus F. Gunn Limited through its UK subsidiary Barclay & Mathieson Limited. The sale price was not disclosed.

Atlas Copco Group completed the acquisition of the compressor business of Penang-based JetCan Engineering Sdn Bhd, which sells and services compressed air equipment in northern Malaysia; 24 employees join the group. The price was not disclosed.

SyntheticMR AB signed an agreement to acquire all shares of Finnish medical technology company Combinostics Oy for EUR 4.3 million, subject to approval by an Extraordinary General Meeting.

Relatech S.p.A. acquired the remaining 10.33% stake in EFA Automazione S.p.A. from Franco Giovanni Andrighetti for EUR 4.9 million, gaining full ownership.

FUCHS SE completed the acquisition of Swiss lubricant company STRUB & Co. AG, based in Reiden, Switzerland. STRUB will continue under its own brand, with Diana and Marcel Strub remaining in management.

ServiceNow acquired Mission Secure to integrate its OT asset visibility technology into the Now Platform, enhancing capabilities for industrial markets including manufacturing, energy, and oil and gas. The acquisition was announced in November 2024.

Jodima Group acquired Swedish-Dutch peer Kemetyl, forming a group operating under the Kemetyl name with four production facilities across Europe. The combined entity has €170 million annual turnover and 150 million litres production volume. The announcement was made on 3 December 2024.

Glencore will acquire a 3.03% stake in the Alunorte alumina refinery in Barcarena, Pará, Brazil, from Companhia Brasileira de Alumínio (CBA) for 237 million reais (approximately $40 million).

Anhui Heli Co., Ltd. announced it will acquire 65.15% of Anhui Haoyun Machinery Co., Ltd. for CNY 160 million and 51% of Anhui Anxin Fork Co., Ltd. for CNY 36.854 million, totaling CNY 197 million, from its parent company's subsidiary Anhui He'an Electromechanical.

Heidelberg Materials US, Inc. entered into a definitive agreement to acquire Giant Cement Holding Inc. from Cementos Portland Valderrivas and Fortaleza Materiales for approximately $600 million.

American Industrial Acquisition Corporation (AIAC) acquired KI (USA) Corporation, a metal stamping and welding company, from Keiaisha Co., Ltd. The deal includes KI-USA's Mexican subsidiary.

Biesse UK announced the integration of GMM products into its stone portfolio, following the Biesse acquisition of GMM. The integration begins on 1 January 2025, including machinery sales, parts and service.

FRX Innovations Inc. has entered into a stock purchase agreement to sell all equity interests in its operating subsidiary FRX Polymers, Inc. to FRX Acquisition, Inc. for US$1.5 million in cash plus other considerations.

Inoxpa has acquired a 60% stake in two Shanghai commercial companies, YRP Flow Technology and Process Partners, for about EUR 3 million as part of its China expansion.

Azelis has signed an agreement to acquire 100% of the shares of a specialty distributor of food ingredients and industrial chemicals based in Finland.

WEG acquired REIVAX, a Brazilian company specializing in control solutions for power generation, to expand its control systems business in hydroelectric, photovoltaic, wind and cogeneration markets.

Belgium-based The Cotton Group has acquired 100% of the shares of Falk&Ross Group Europe GmbH, a major European promo apparel supplier. Financial terms were not disclosed. Falk&Ross will continue to operate independently as a multi-brand wholesaler.

The National Company Law Tribunal, Mumbai Bench, sanctioned the Composite Scheme of Arrangement between Kesoram Industries Limited and UltraTech Cement Limited, approving the merger. The Competition Commission of India had approved the scheme on March 19, 2024.

The Middleby Corporation has acquired Gorreri Food Processing Technology, an Italian manufacturer of baked goods equipment, with annual revenues of $20 million.

Mechanical One acquired the residential division of Energy Air, including retail, maintenance, services, and new construction. Energy Air will continue its commercial HVAC operations independently.

PPG has completed the sale of its silicas products business to QEMETICA for approximately $310 million in pre-tax proceeds, including manufacturing facilities in Lake Charles, Louisiana and Delfzijl, Netherlands, and about 400 employees.

Amsino International has acquired the assets of MedXL, including manufacturing facilities in Montreal, Canada, adding two FDA- and Health Canada-registered facilities and a distribution center. The acquisition doubles Amsino's syringe production capacity to over 500 million units annually.

Pneumax Group has acquired 90% of Automationware S.R.L., an Italian manufacturer of electric actuators, to strengthen its industrial automation portfolio.

AAPICO Hitech Public Company Limited agreed to acquire the remaining 50% stake in Aapico Sodecia (Thailand) Company Limited from Sodecia Automotive Oelsnitz GmbH for THB 110 million, increasing its ownership to 100%. The board approved the acquisition on November 26, 2024.

Shenzhen Huibeichuan Electronic Technology Co., Ltd. agreed to acquire Jiangsu Xingshun Electronics Co., Ltd. from SEMITEC Corporation and Semitec USA Corporation for CNY 47.3 million. The transaction is subject to approval by Chinese authorities.

Mobix Labs has agreed to acquire Spacecraft Components Corp., a Nevada-based supplier of high-precision electrical connector components for aerospace, defense, and commercial applications. The acquisition is expected to close in Q1 2025 and add approximately 150 employees.

Hero Electronix venture Tessolve signed a definitive agreement to acquire 100% of Germany-based semiconductor design firm Dream Chip Technologies for up to €42.5 million.

Boston Scientific agreed to acquire Intera Oncology, a medical device company that provides the Intera 3000 Hepatic Artery Infusion Pump and floxuridine for treating liver tumors. The acquisition expands Boston Scientific's interventional oncology offerings.

Australian OEM HMPS acquired machine engineering company Engi-O, adding aseptic and non-aseptic bag-in-box packaging systems to its portfolio. Engi-O's assets and eight team members have been integrated into HMPS's Melbourne operation.