CoolSys, a provider of refrigeration, HVAC, energy and engineering solutions, acquired Mechanical Engineering & Construction Corporation (MEC 2), a full-service mechanical engineering firm based in Maryland and Virginia. The acquisition was announced on September 30, 2024.
Ambuja Cements Limited announced the amalgamation of ACC Limited and Orient Cement Limited with itself, creating a combined entity with 107 MTPA cement capacity. The merger is expected to deliver operational synergies and margin improvement of at least ₹100 PMT.
Global Infrastructure Partners (GIP), through Skyborn Renewables, acquired Eversource Energy's 50% ownership share in the South Fork Wind and Revolution Wind offshore wind farms, forming a joint venture with Ørsted.
Ultralife Corporation signed a stock purchase agreement to acquire all shares of Electrochem Solutions, Inc. from Integer Holdings Corporation for $50 million in cash. The transaction is expected to close by the end of October 2024.
LANXESS signed a contract to sell its Urethane Systems business to Japanese UBE Corporation for an enterprise value of €460 million, with expected proceeds of around €500 million. The business includes 5 manufacturing sites globally and about 400 employees, generating sales of about €250 million. The transaction is expected to close in the first half of 2025.
kdc/one agreed to acquire Laffon S.r.l., an Italian make-up packaging manufacturer founded in 1982, with an automated plant north of Milan. The deal strengthens kdc/one's packaging capabilities in Europe.
VPK Group acquired a minority stake of about 28% in Fencor Packaging Group, which wholly owns the Cambridgeshire corrugated sheet plant Manor Packaging. Fencor announced the deal on 26 September 2024.
Huaxiang Co., Ltd. and Huayu Automotive Systems (Shanghai) Co., Ltd. announced a joint venture, Huaxiang St. Mande (Shanghai) Automotive Systems Co., Ltd., with Huaxiang contributing 429 million yuan in cash and Huayu Shanghai contributing its 100% stake in St. Mande Shanxi valued at 184 million yuan, for a total investment of about 613 million yuan. Huaxiang will hold 70% and Huayu Shanghai 30%.
German lifting attachment manufacturer Kinshofer has acquired GMT Equipment to strengthen its presence in the arborist industry.
Jiangtian Chemical will buy 100% of San-Dia Polymers (Nantong), the largest superabsorbent polymer factory in China, from Sanyo Chemical Industries for CNY285 million ($40.6 million). The deal includes intangible assets of production technology and trademarks at a price to be determined.
Vulcan Materials agreed to acquire Wake Stone Corp., an aggregate producer with quarry operations in North Carolina and South Carolina. The deal is expected to close later in 2024.
Italian tracked access specialist Almac has acquired Plas - a metalworking and machining company.
Kreher Steel Co. has acquired Ritchey Metals Company, a producer of zinc and aluminum alloys, adding over 120,000 tons of annual alloy output capacity. The acquisition expands Kreher's manufacturing footprint and product offerings.
Enerpac Tool Group Corp acquired Madrid-based DTA The Smart Move SA, a manufacturer of mobile robotic solutions for heavy loads transportation, for €24 million.
MIV, a manufacturer of industrial refrigeration and freezer doors, has joined the BMP Group, a global leader in industrial door solutions. The acquisition expands MIV's product range and international reach.
Culligan International and Waterlogic Group Holdings have signed a definitive agreement to merge, creating a leader in sustainable water supply solutions and services. The combined company will serve over 100 million consumers globally.
Graco Inc. has signed a definitive agreement to acquire Corob S.p.A., a manufacturer of dispensing and mixing solutions for paints and coatings, for €230 million plus up to €30 million in contingent consideration. The transaction is expected to close in Graco's fiscal fourth quarter of 2024.
EarthFresh Farms has announced the purchase of Mountain King Potatoes, effective September 25, 2024.
Metrea announced the addition of Peregrine Avionics LLC, to be known as Metrea Aerospace Design, enhancing its ability to design, develop and modify manned assets. MASD will continue to be based in Denver, Colorado.
Easypack POP/Displays Group, a maker of temporary point-of-sale displays, was acquired by Easypack Holdings from Fencor Packaging Group on 30 August 2024 as the businesses were demerged. Fencor announced the transaction on 26 September 2024.
Vestum has agreed to sell 100% of Flowa Technology AB to private equity investor Nordic Capital for SEK 6.5 billion cash on a cash- and debt-free basis. Completion is expected in the second half of 2026, subject to approvals.
Elgi Compressors USA, a subsidiary of Elgi Equipments, decided to sell its entire stake in the Compressed Air Solutions of Texas joint venture to its partner for $154,586, with closure expected by October 31, 2024.
JCET Management, a subsidiary of Jiangsu Changjiang Electronics Tech (JCET), completed the acquisition of an 80% equity stake in the Shanghai plant of SanDisk. The deal is worth US$624 million.
BBMG Group (Jinyu Group) won a public tender to acquire an 11.816% stake in Tianjin Building Materials Group (Holdings) from Tianjin Education Development Investment for about CNY980 million, increasing its ownership from 55% to 66.816%.
Ikuyo announced it will acquire 51% of Kunshan Veritas Automotive Systems Co., Ltd. by March 2025 and the remaining 49% by March 2030, from Veritas AG, making it a wholly owned subsidiary.
Apogee Enterprises entered a definitive agreement to acquire UW Solutions from Heartwood Partners for $240 million in cash. UW Solutions is a manufacturer of high-performance coated substrates for building products and graphic arts markets.
Multinational energy group TEDOM acquired a 100% stake in Intergen, Italy's top manufacturer of cogeneration units. Intergen has sold over 450 units totaling nearly 600 MW of electrical installed power.
L&T Semiconductor Technologies, a subsidiary of Larsen & Toubro, acquired 100% of Siliconch Systems, a fabless semiconductor design company, for an upfront INR 133 crore and deferred INR 50 crore (total ~USD 21.8 million).
Mentha acquired SH Group (SHG), a global developer of smart handling solutions for maritime and defence industries, from BWB Partners. The deal aims to accelerate SHG's growth in the defence sector.
Grupa KĘTY has acquired SELT, a Polish manufacturer of architectural shading systems such as blinds, pergolas, and awnings. SELT operates five plants in Opole and Rogów Opolski, with 45% of production exported.
Metso has signed an agreement to acquire Diamond Z and Screen Machine Industries from Crane Group, an Ohio-based family-owned investment company. The two businesses employ approximately 190 people and are located in Caldwell, Idaho and Etna, Ohio.
Nano Dimension Ltd. will acquire all outstanding shares of Markforged Holding Corporation in an all-cash transaction for $5.00 per share, totaling $115 million. The combined company, including the pending acquisition of Desktop Metal, would have a 2023 revenue of $340 million.
Grupo Solabia, through its Brazilian subsidiary Laborclin, acquired 100% of Plastlabor, a manufacturer and distributor of hospital and laboratory products. The transaction value is confidential.
Lenzing Group acquired a minority share in TreeToTextile AB, joining existing shareholders H&M Group, Inter IKEA Group, Stora Enso, and LSCS Invest. TreeToTextile develops a more sustainable process for cellulosic fiber production.
Atlas Copco finalized the acquisition of Generator Rental Services Ltd., a specialty power and temperature control rental company in Auckland, New Zealand, with revenues of EUR 23 million.
Verder Liquids BV, part of Verder Group, has acquired Sauermann's pump technologies and monitoring instruments, including HVAC-R condensate removal pumps and air quality instruments.
Beijing Dayuan Nonwoven Co., Ltd. has signed a share transfer contract to acquire all equity of JNC's wholly-owned subsidiary, Jienzhi Nonwoven Materials (Changshu) Co., Ltd., for an undisclosed amount. The acquisition will expand Dayuan's production base and capacity in nonwoven materials.
Allegiance Crane & Equipment completed the acquisition of Scott-Macon, parent company of Scott-Macon Equipment, a dealer for Tadano, Broderson and Kobelco cranes. Scott-Macon will serve as the bare rental and equipment distribution arm of Allegiance.
Beijing Dayuan Nonwovens Fabric Corp. signed an equity transfer contract to purchase JNC Nonwovens (Changshu) Co., Ltd., a wholly-owned subsidiary of Japan's JNC Corporation, located in Changshu Economic and Technological Development Zone. The acquisition is expected to be renamed Dayuan New Material Technology (Changshu) Co., Ltd.
Industrial group GMC acquired Kvaleberg AS, a Norwegian ventilation and cooling company. Kvaleberg will operate under the GMC brand as a division of GMC HVAC AS, strengthening GMC's position in HVAC services for the maritime and offshore sectors.
Paradigm Mechanical Corp., a building mechanical systems contractor, acquired San Diego Refrigeration, a refrigeration and HVAC company with over 35 years of experience. The acquisition aims to enhance Paradigm's service offerings and expand its market presence in San Diego.
EPB Group Bhd, a food processing and packaging machinery solutions provider, acquired industrial land at Penang Science Park North for RM22.49 million. The land will be used to build a new factory, corporate office, warehouse and showroom to expand robotics offerings and production capacity.
SVK (Scheerders van Kerchove's Verenigde Fabrieken), a building materials company in Sint-Niklaas, was sold to Stones NV, the company of the Antwerp families Beerens and Aertssen. 95.99% of shares were acquired at €350 per share, totaling approximately €13.5 million.
BTQ Technologies Corp. acquired the entire technology assets of Radical Semiconductor Inc., including its CASH cryptographic accelerator architecture and patent portfolio, to advance post-quantum cryptography capabilities.
OCU Group, a UK energy transition and utilities infrastructure services company, acquired Purestream Industries, a water treatment and environmental design solutions firm based in London and the South East.
Bosch plans to acquire the global HVAC solutions business for residential and light commercial buildings from Johnson Controls, including 100% of the Johnson Controls-Hitachi Air Conditioning joint venture. The purchase price is $8 billion (€7.4 billion).
AD announced the consummation of its merger with IMARK Electrical, creating the AD Independent Electrical Supply Division (IESD). The merged entity represents over 700 independently owned electrical distributors with annual sales over $43 billion.
Freudenberg Performance Materials is acquiring major parts of the Heytex Group from private equity investor Bencis Capital Partners. The acquisition covers Heytex's core business with three production locations in Germany and China, and all headquarters functions. Heytex generated sales of roughly €100 million in 2023 with about 400 employees.
TECO Electric & Machinery Co., Ltd. announced the acquisition of a 57.2% stake in Shenchang Electric Co., Ltd., a transformer manufacturer, for a total consideration not exceeding NT$550 million. The acquisition includes a strategic alliance with Shenchang's Indonesian affiliate PT. Sintra Sinarindo Elektrik.
US private equity firms Niobrara Capital and Prysm Capital completed the purchase of Polar Semiconductor for $175 million, enabling the ownership change required for the CHIPS funding.