Tadano Ltd. entered into a definitive merger agreement to acquire Manitex International, a holding company for lifting equipment brands, for $223 million including debt. The transaction is expected to close in Q1 2025.
Gulf Manufacturing Holdings Group LLC (GMI Group) acquired Buxton Special Alloys Limited (BSA), a UK-based supplier of carbon, stainless steel, and nickel alloys. The acquisition expands GMI's product portfolio into bar stockholding.
Standex International acquired US-based Amran Instrument Transformers and India-based Narayan Powertech in separate cash-and-stock transactions with a combined enterprise value of approximately $462 million, expanding its electrical grid market presence.
SPIE signed an agreement to acquire 100% of Elektromontaż-Poznań, a Polish electrical installation services company with revenue of about €70 million in 2023 and 330 employees. The acquisition is expected to close in Q1 2025, subject to antitrust approval.
Bosch signed an agreement with JMC Group to establish a joint venture for the development and sales of light commercial vehicle electric drive systems in Nanchang. The JV will have a registered capital of CNY 500 million (EUR 63 million), with Bosch holding 60% and JMC Group 40%.
Aluminum Corporation of China Limited (Chalco) agreed to acquire 100% equity of Zhongzhou Aluminum Co., Ltd. and Zhongzhou Aluminum Co., Ltd. from its wholly-owned subsidiary Chalco New Materials Co., Ltd. for approximately CNY 9.621 billion on October 29, 2024.
Uniphase, LLC acquired Janler Corporation, a tool builder and mold maker based in Chicago, IL, on October 29, 2024. The acquisition strengthens Uniphase's capabilities in plastics injection molding.
Trelleborg Sealing Solutions signed an agreement to acquire CRC Distribution, a US specialist distributor of polymer seals based in Robertsdale, Alabama, with annual external sales of about SEK 170 million. Completion is expected in Q1 2025.
Fiberglass Coatings, LLC completed the acquisition of McKinnon Materials, a Tampa-based manufacturer of industrial and residential epoxy coatings and flooring systems.
Aqua-Aerobic Systems and METAWATER Co. Ltd. announced a merger agreement on October 28, 2024. The merger will place Aqua-Aerobic, including its subsidiary Mecana Umwelttechnik, under METAWATER USA INC.
Warsaw Chemical acquired the Magic Finish Premium Car Care brand of car wash chemicals and auto detail products from Cul-Mac Industries. The acquisition strengthens Warsaw's product line in the car wash industry.
Auren Energia S.A. completed the acquisition of AES Brasil Energia S.A. from The AES Corporation, BNDES, Votorantim SA and Luiz Barsi for BRL 6.9 billion. The deal was announced on May 15, 2024 and completed on October 28, 2024.
Shengtak New Material Co., Ltd agreed to acquire an additional 17% stake in Jiangsu Rovma Auto Parts Co., Ltd. for CNY 74.8 million on October 28, 2024.
Huafon Chemical Co., Ltd. agreed to acquire Zhejiang Huafon Thermoplastic Polyurethane Co., Ltd. from Huafon Group Co., Ltd. for a total consideration of CNY 6 billion (including another acquisition).
GKHT Medical Technology Co., Ltd. agreed to acquire the remaining 40% stake in Heilongjiang Hengjiao Medical Equipment Co., Ltd. from Shanghai Yaotao Business Consulting Partnership for CNY 5 million, gaining full ownership.
ZOLL Medical Corporation, an Asahi Kasei company, completed its acquisition of Itamar Medical Ltd. for $31 per ADS in cash, making Itamar a business division within ZOLL.
Agg-Pro announced it has been acquired by SMT GB. Agg-Pro is a leading provider of crushing, screening, washing, and recycling equipment in the UK, and will operate as a subsidiary of SMT GB.
Rubicon Partners acquired a majority stake in Jacopa Limited, a supplier of water and wastewater treatment products and solutions in the UK and Ireland. This is the ninth investment from Rubicon Partners Fund V.
SMT acquired AGGPRO, a supplier of aggregate processing equipment in the UK. AGGPRO will operate as a subsidiary of SMT GB.
Genesys Industries acquired 100% of F3 Aerospace, a manufacturer of structural aircraft fastener components and assemblies. The acquisition includes the 10,000-square-foot manufacturing facility in Decatur, Illinois.
Hansae Co. Ltd., a global fashion ODM company, acquired US textile manufacturing company Texollini as part of its vertical integration project in Central America.
Sesa Spa announced that its subsidiary Var Group Spa signed a binding agreement to acquire a 55% stake in Smart Engineering GmbH, a German engineering software solutions provider.
Aecon Group Inc. entered into a definitive agreement to acquire United Engineers & Constructors Inc., a nuclear and conventional power contractor, for US$33 million in cash.
Nonwovens manufacturer Brickle Group announced the acquisition of Family Yarns, based in Maine, USA.
Alteo Group's takeover bid for Niche Fused Alumina was accepted by the Commercial Court of Chambéry. The acquired entity is renamed Alteo Fused Alumina.
Hitachi Energy has acquired eks Energy, a power electronics company. The acquisition has enabled eks Energy to expand its facilities in Seville and utilize Hitachi Energy labs globally. A new liquid-cooled inverter is planned for launch in early 2025.
Permira, through its fund Permira Growth Opportunities II, will acquire approximately 40% of K-Way S.p.A. from BasicNet S.p.A. for an enterprise value of €505 million. BasicNet will retain a majority stake of about 60% and provide a €65 million vendor loan.
Lone Star Funds announced the signing of a definitive agreement to sell AOC, a global specialty chemicals company, to Nippon Paint Holdings Co., Ltd. The transaction is subject to regulatory clearances and expected to close in the first half of 2025.
HaF Equipment, a Minnesota-based bulk material handling company, acquired substantially all assets of Semi-Bulk Systems, a St. Louis company specializing in wet ingredient mixing. The transaction was completed on October 28, 2024, and combines dry and wet ingredient processing under one umbrella.
Aspen Pumps Group acquired Malco Tools, Inc., a Minnesota manufacturer of tools for the HVAC and building construction industries. Malco becomes the North American headquarters of Aspen, and its CEO takes over as CEO of Aspen Pumps Group North America.
FEMSA reached a definitive agreement to sell its plastics solutions operations to AMMI, an affiliate of Milenio Capital, for 3,165 million Mexican pesos on a cash-free, debt-free basis. Closing is subject to regulatory approvals.
TC Transcontinental agreed to sell its industrial packaging operations to Hood Packaging Corporation for US$95 million, subject to working capital adjustments. The Thomasville, North Carolina operations and 138 employees are transferred, and Hood also acquires the industrial packaging business of the Ontario, California plant.
Gränges completed the acquisition of a casting and hot-rolling facility in Shandong province from Shandong Innovation Group, with SIG acquiring a 20% stake in Gränges' Chinese subsidiary.
City Cement signed a share-swap agreement to acquire all shares of Umm Al-Qura Cement, with a swap ratio of 1.11 new CCC shares for each UACC share.
Technosub Group acquired the EDDY water treatment system line from Fordia Group Inc. (Fordia powered by Epiroc) on October 24, 2024. The system will be supported through Technosub's Mudwizard division.
Atlas Holdings signed an agreement to acquire REHAU Automotive from REHAU Group. REHAU Group will hold about a third stake in the new company formed by combining REHAU Automotive and SRG Global, which Atlas also agreed to acquire.
Building materials provider Quikrete has approached Summit Materials with an acquisition offer. Summit Materials has a market value of more than $7 billion. Talks are at an early stage.
Private equity investor Snow Peak Capital LLC acquired TurbineAero Inc., a Phoenix-based provider of MRO services for aircraft auxiliary power units. Terms were not disclosed.
Racing and Performance Holdings acquired Andrews Products, a manufacturer of performance cams, gears, and transmissions for automotive and motorcycle applications. The acquisition expands R&P's portfolio into the motorcycle industry.
Mutares SE & Co. KGaA signed an agreement to acquire the assets of S.M.A. Metalltechnik GmbH & Co. KG and its subsidiaries, which will join the SFC Group as an add-on investment. The company specializes in highly impermeable aluminium pipes for automotive cooling applications and is expected to generate around EUR 160 million in revenue in 2025.
Czech engineering group Wikov Industry has agreed to acquire Litostroj, a leading global manufacturer of turbines for hydroelectric power plants, including its subsidiaries in the Czech Republic, Slovenia, Canada, and the United States. The transaction is expected to close at the turn of November and December 2024.
DE Klop BV has acquired Rohr-Idreco, a Dutch manufacturer of fully electric dredges and dredge pumps. The acquisition aims to strengthen DE Klop's position in the international dredging and mining industries.
The Grote Company family of brands, a provider of food processing equipment, acquired SPI Automation, a provider of automation and robotic solutions for food manufacturing, with locations in Sandy and Salt Lake City, Utah.
Milyxin announced it will acquire 97% of VOIT Automotive GmbH and 100% of Voit Polska Sp. Z o.o. through a Luxembourg SPV, expanding its automotive components business in Europe.
Shell Energy North America signed an agreement to acquire 100% equity in RISEC Holdings, which owns a 609 MW combined-cycle gas turbine power plant in Rhode Island, USA. The acquisition secures long-term supply in the ISO New England market and is expected to close in Q1 2025.
Glatfelter shareholders approved the merger of Berry Global's Health, Hygiene and Specialties Global Nonwovens and Films business with Glatfelter. The transaction is expected to close on November 4, 2024, with Glatfelter renaming to Magnera Corporation.
Rehau Group has acquired a 51% stake in Red Star Polymers Pvt Ltd, an Indian polymer processing company based in Pune. The acquisition marks Rehau's entry into India's polymer market and is subject to regulatory approvals.
Paragon has acquired a majority stake in TP Food Group, an Italian manufacturer of food processing equipment including ovens, mixers, freezers, and spiral conveyors, from Xenon Private Equity and other shareholders.
Elsodent, a manufacturer of dental consumables, has acquired the activities and brand of Ionyx, a company specializing in endodontic equipment.
Berry Global has set a date of November 1, 2024 for the spin-off of its Health, Hygiene and Specialties Global Nonwovens and Films business (HHNF), which will then merge with Glatfelter on November 4, 2024.