Augury, an AI-based machine health company, has entered a definitive agreement to acquire Seebo, an AI startup that helps manufacturers prevent waste and lower emissions. The deal is valued between $100 million and $200 million in cash and stock.
Bobcat Company announced plans for a new 225,000 sq ft assembly plant in Rogers, Minnesota, adding over 100 new full-time jobs. The facility is expected to be fully operational by Q4 2022.
Augury, an IoT and industrial AI solutions provider, signed a definitive agreement to acquire Seebo, a leader in AI-based process intelligence, for a combination of cash and stock valued between $100 million and $200 million.
Hastreiter LLC acquired Stainless and Repair Inc., which builds heavy trucks, fire trucks, and repairs milk tankers. The company will operate as S&R Truck LLC, a sister company to Hastreiter Industries Corp.
Danfoss Power Solutions and RISE Robotics signed a collaboration agreement to jointly validate and test RISE's electromechanical actuator technology for heavy machinery electrification.
AriensCo acquired Thomas Equipment, a Canadian manufacturer of skid steer loaders, on May 9, 2022. Terms were not disclosed.
Inflexion Private Equity Partners acquired a majority stake in Astrak, a pan-European distributor of undercarriage and wear parts for earthmoving equipment based in Kirkcaldy, Scotland.
RM Group (Rubble Master) plans to expand production capacity at its Linz, Austria site through a 3-phase plan over five years, aiming to deliver 1,000 crushers and screens annually by 2027. The expansion includes a new service center, logistics center, and production expansion.
Hitachi Construction Machinery Tierra Co., Ltd. will increase production capacity for compact excavators and wheel loaders at its Shiga Works facility in Japan by approximately 30% by FY 2025, and will relocate and expand its product test site by FY 2024.
JUKI CORPORATION, Mitsubishi Electric Corporation and Meiryo Technica Corporation will establish a joint venture company, JUKI TECHNOSOLUTIONS CORPORATION, to expand into industrial sewing machines for non-apparel industries. JUKI will hold an 80% stake and Mitsubishi Electric a 20% stake.
Airbus announced the creation of 6,000 new jobs globally, including 450-550 at its Broughton, Wales wing assembly plant, as it increases A320 family production rates to 75 aircraft per month by 2025. The company will invest £100 million in Broughton and expand its Mobile, US facility.
Dover agreed to acquire Malema Engineering, a Boca Raton, Florida designer of high-precision flow-measurement instruments for biopharma and semiconductor production, announced May 9, 2022. Malema will join Dover's PSG business unit within the Pumps & Process Solutions segment.
Helios Technologies signed a definitive agreement to acquire the assets of Taimi R&D, a Canadian manufacturer of hydraulic swivel components, announced May 9, 2022. Terms were not disclosed and closing is expected in Q3 2022.
Burckhardt Compression's subsidiary Shenyang Yuanda signed a contract with Sinopec Guangzhou Engineering to supply three skid-mounted hydrogen compressors for the Sinopec Xinjiang KuChe green hydrogen project, announced May 2022.
Siemens Motor (China) is planning a second-phase green smart factory project in Yizheng, Jiangsu, China, with an investment of 1 billion yuan. The project will add annual production capacity of 2.4 million motors and is scheduled for construction from Q3 2022 to Q3 2023.
Xuzhou Construction Machinery Group (XCMG) received approval from the China Securities Regulatory Commission to issue shares to acquire and merge with XCMG Construction Machinery Co., Ltd. at a price of 38.686 billion Yuan (approx. USD 5.9 billion). The transaction will inject assets including excavation machinery, concrete machinery, mining machinery, and tower cranes into the listed company.
Doyle Equipment Manufacturing and Riverview Manufacturing are expanding in Palmyra, Missouri, with an estimated $1 million investment and 30 new jobs. The project adds 80,000 square feet of production space for dry fertilizer handling equipment.
Action Construction Equipment (ACE) will commission one of the largest crawler and truck crane manufacturing plants, doubling its production capacity. The company also plans to expand capacity in pick and carry cranes, tower cranes, and forklifts, and launch new products including 100-160t crawler cranes in the first half of 2023.
Kinshofer GmbH acquired a majority stake in Italian company Trevi Benne S.p.A., as announced on May 5, 2022.
Schneider Electric finalized its takeover of IGE+XAO following shareholder approvals, announced on May 5, 2022.
Qingda Environmental (688501.SH) signed a contract worth USD 15.895 million (approx. RMB 105 million) to supply ash handling systems to an unnamed Korean company.
SERE Maintenance has been chosen by Manitou Group to equip its new 18,000 m² rough-terrain aerial platform production unit in Candé, France, with 15 custom overhead cranes. The plant has been in operation since end of 2021.
Polski Tabor Szynowy has signed two agreements with Rafamet for the purchase of a wheel lathe UBF 112N and a numerically controlled lathe TCG 135N, with a total value of 7,090,500 PLN.
MacGregor has secured a contract with Otto Candies, LLC to deliver an active heave compensated FibreTrac offshore crane with 100t lifting capacity and 3400m operational depth, with delivery expected by end of 2022.
Andritz has received an order from Stora Enso to rebuild bleach plant no. 4 at its Skutskär Mill in Sweden. The delivery includes two Compact Press wash presses and other equipment, with start-up scheduled for Q2 2023.
Carlstad Machinetools has sold a Correa Xperta 25 bed milling machine to Södra Cell in Mönsterås, Sweden. Installation is scheduled for early 2023.
Saudi industrial service provider Expertise placed an order for 79 Tadano all-terrain cranes, the biggest order in 15 years for Tadano's Zweibrücken plant. The cranes will be used for a project with Saudi Aramco.
ANDRITZ received an order from Stora Enso to rebuild bleach plant no. 4 at its Skutskär Mill in Sweden. The investment will increase capacity and support climate targets. Start-up is scheduled for Q2 2023.
Valmet will supply a major delivery including OCC, stock preparation and container to Eren Paper's Shotton Mill in the UK.
Schaeffler has opened a new Tool Technology Center at its facility in Höchstadt an der Aisch, Germany, with 8,000 m² of floor space for manufacturing precision tools for e-mobility and robotics. The investment is in the tens of millions of euros.
Valmet will supply an OCC line, stock preparation equipment and a high-speed container board machine with automation systems to Eren Paper's Shotton Mill in the UK. Start-up of the new PM3 line is scheduled for Q2 2024; the order value is not disclosed.
Girard Equipment has established a new all-in-one headquarters in Vero Beach, Florida, housing its expanded foundry, machine shop, assembly lines and offices. The move is presented as a way to gain efficiencies and keep prices stable amid inflation.
House of Design LLC announced a definitive agreement to acquire Go West Robotics Inc., a software developer for industrial automation and robotics. The acquisition aims to strengthen House of Design's robotic engineering and software capabilities for the construction sector.
BID Group announced a $10.6 million strategic capital investment to expand and automate its St. George, South Carolina operations, including facility expansion and acquisition of the adjacent Dover Hydraulics South facility, creating over 20 jobs.
Elastec, Inc. acquired the entire product line and assets of Kepner Plastics Fabricators, Inc., a custom plastic fabricator and oil spill response equipment manufacturer, as of April 29, 2022.
Expertise Contracting placed an order for 79 Tadano all-terrain cranes, the largest order in 15 years for Tadano's Zweibrücken plant, for a project with Saudi Aramco.
Tigard-based NSI, a supplier of gas and chemical delivery systems to semiconductor makers, is moving from 15,000 sq ft of buildings to a newly built 62,000 sq ft plant in Sherwood, Oregon, in 2022, described as a multiple-million-dollar investment.
DXP Enterprises completed its acquisition of Cisco Air Systems, a distributor of air compressors and related products. Financial terms were not disclosed.
AGCO, a manufacturer of agricultural machinery, acquired JCA Technologies, a developer of autonomous software for agricultural machines. The acquisition was announced on May 2, 2022.
PTG Holroyd has received an order for a 17th EX Series rotor milling machine from a leading air compressor machinery specialist. The machine will be installed at one of the customer's North American manufacturing facilities.
RISE Robotics was awarded a $1.7 million Tactical Funding Increase by AFVentures to modernize the Air Force's MHU-083 Jammer ground support equipment for aircraft munitions handling.
OECHSLER is expanding its additive manufacturing capacity at its Ansbach-Brodswinden site in Germany, investing a mid-range single-digit million amount. The expansion adds 800 square meters for HP Multi Jet Fusion 3D printers for series production.
Swiss pump maker MAAG Group, part of Dover, merged with AMN DPI, a Normandy-based designer and manufacturer of polymer granulation tools. The deal was advised by Largillière Finance; no value was disclosed.
Technologies Élément PSW Inc., maker of ELTEC forestry equipment, is expanding its Val d'Or facility with a new 35,000-square-foot assembly plant adjacent to its existing 14,000-square-foot plant. The expansion will shift production from hand-built to assembly line methods.
Kitamura Machinery has awarded Great Lakes Machinery exclusive rights to represent its products in Upstate New York.
Eyelit, a leader in MES and factory automation solutions, acquired MESTEC, a UK-based SaaS vendor of multi-tenant cloud-based MES/MOM solutions. The acquisition aims to expand Eyelit's offerings in discrete manufacturing, with investments in development and sales for CPG, medical devices, and aerospace & defense.
Fortress Technology Europe has moved into a new 30,000 sq/ft purpose-built facility in Banbury, tripling its manufacturing capacity and consolidating operations with Sparc Systems.
Queensland Fire and Emergency Services awarded a contract to BAUER KOMPRESSOREN AUST P/L to supply breathing apparatus compressors, valued at $36,905. The award was dated 30 April 2022.
Sunlight Group signed an agreement to acquire 80% of PBM S.R.L., an Italian manufacturer of battery chargers. The deal was signed on April 29, 2022.
The Timken Company has agreed to acquire Spinea, a European manufacturer of cycloidal reduction gears and actuators for high-precision automation and robotics. The transaction is expected to close in several weeks.