SiS set up a Cayman subsidiary and SiS Semiconductor (Shandong) Co., Ltd. to acquire UnitedDS Semiconductor (Shandong) Co., Ltd. for RMB 77 million, making it a major subsidiary on August 29, 2024.
Tembo E-LV, a subsidiary of VivoPower International PLC, executed a definitive Business Combination Agreement with CCTS for a combined enterprise value of US$904 million.
PPG reached a definitive agreement to sell its silicas products business to QEMETICA for approximately $310 million. The transaction includes manufacturing facilities in Lake Charles, Louisiana and Delfzijl, Netherlands, and is expected to close in Q4 2024.
Delta Electronics, through its subsidiaries in Japan and Korea, agreed to acquire the power inductor and powder materials business and assets from Alps Alpine and its subsidiary for approximately $71 million. The acquisition includes production and R&D equipment, patents, and IP.
Stahl Group is set to acquire Weilburger Graphics, a coatings maker for flexible materials such as paper and cardboard, subject to the usual approvals. The deal strengthens Stahl's packaging coatings business in Europe and globally.
KTP Kunststoff Palettentechnik and conTeyor International agreed to merge their businesses, creating a sustainable packaging group with expected sales of about EUR 200 million and around 1,000 employees. Completion is expected by year-end, subject to regulatory approvals.
Tapflo UK, a process pump provider in Hampshire, announced the acquisition of TS Pumps, a UK company that supplies, services and repairs industrial pumps and systems. The deal expands Tapflo UK's application coverage and servicing.
A.P. Moller Holding's subsidiary Circle Bidco ApS announced a recommended public cash offer of SEK 230 per share to acquire Concentric AB, a Nasdaq Stockholm-listed maker of pump, fan and fluid power solutions for commercial vehicles.
Hawk Infinity AS acquired 100% of the shares in Nordic Flow AS, a Norwegian turnkey pump systems specialist serving offshore and high-end industries. Nordic Flow founders sold the company, and EY advised on the sale.
Guangzhou Folangsi Co., Ltd. and Mitsubishi Logisnext Corporation signed a strategic cooperation agreement and equity acquisition of Nichiyu Forklift (Shanghai) Co., Ltd. on August 28, 2024. The deal aims to strengthen Folangsi's network and supply chain in the on-site logistics equipment industry.
Savannah Clinker Ltd announced a bid of TZS25.4 billion (US$9.36 million) for up to 100% of Bamburi Cement, outbidding Amsons Group's previous offer of TZS23 billion.
Guangzhou Fosun Co., Ltd. and Mitsubishi Logisnext Co., Ltd. signed a strategic cooperation and equity acquisition agreement for Nichiyu Forklift (Shanghai) Co., Ltd. on August 28, 2024. Fosun will acquire the Shanghai-based forklift distributor from Mitsubishi Logisnext.
Nabtesco Precision Europe GmbH integrated the sales and marketing activities of OVALO GmbH, a wholly owned subsidiary since 2017. This merges cycloidal and strain wave gear product ranges.
Power Grid Corporation of India has acquired Bhadla-III Power Transmission Limited for approximately Rs. 6.42 crore, securing 100% ownership to establish additional transmission systems in Rajasthan.
StatLab Medical Products has reached an agreement to acquire Diapath, an Italian manufacturer of histology and cytology products and equipment. The transaction is expected to close in Q3 2024.
One Equity Partners has agreed to acquire EthosEnergy, a global independent service provider for rotating equipment in power generation and industrial markets. Financial terms were not disclosed.
Çimsa, a subsidiary of Sabancı Holding, signed an agreement to acquire 94.7% of Mannok Holdings DAC, a building materials producer based in Ireland. The acquisition is subject to regulatory approval.
Exion Group signed an agreement to acquire the polymer business division of Ogeon E&T for 8 billion KRW. The acquisition includes manufacturing, sales, and distribution assets and related personnel.
Piab Group has acquired Alum-a-Lift, a US provider of ergonomic lifting equipment headquartered in Winston, Georgia. Alum-a-Lift adds electric lifting trolleys for semiconductor, aerospace, and logistics applications.
Walter USA LLC has acquired PDQ Workholding LLC, a specialist in workholding fixtures and tooling, to strengthen its offering of workholding products and develop future cutting tool sales in the Americas.
Francks Kylindustri, a Nordic industrial cooling specialist, has acquired Svedan Industri Køleanlæg, a Danish provider of industrial cooling and heating solutions. The acquisition enhances Francks' market position in Denmark.
Mill Rock Packaging, a Mill Rock Capital portfolio company, acquired the Woodland, California packaging and laminating assets of Everett Graphics, a folding-carton producer. No financial terms were disclosed.
BST Group has acquired Ramco Pumpesystemer, an Oslo-based Norwegian provider of premium sprinkler and fire pump systems, as part of its Nordic expansion. No financial terms were disclosed.
Sawco Industries Ltd has purchased the saw sales and manufacturing portion of HMT Machine Tools Canada's business. The deal was announced on August 27, 2024.
Survitec has acquired Vinyl Technology, a US-based contract manufacturer of custom plastic and industrial fabric products for military and high-end markets. The acquisition strengthens Survitec's foothold in the US defence market.
CRH-Africa has acquired Technique Manufacturing Corporation (TMC) in Pinetown, KwaZulu-Natal, South Africa. TMC will be rebranded as CRH-Africa Automotive (Pty) Ltd, KZN, and the acquisition strengthens CRH-Africa's presence in the South African automotive industry.
Qualcomm has acquired 4G IoT technology from Sequans Communications for an undisclosed sum. Sequans retains a perpetual license to use the technology and continues to own its 5G portfolio.
JIS-Automation Oy and Integrio Oy, two Finnish building automation companies, have merged their operations. The combined company aims to become the leading player in the sector, with key personnel continuing in their roles as owners.
Argonaut Private Equity has acquired Hammer & Steel Global, a provider of deep foundation drilling and pile-driving equipment. The acquisition aims to accelerate the company's expansion.
EXAIR has acquired BETE, a spray nozzle and spraying systems manufacturer, under a definitive merger agreement announced August 27, 2024. No financial terms were given.
Swedish Duni Group has acquired a 70 percent stake in Slovenian tabletop products converter SETI d.o.o. of Kranj, a former airlaid tissue customer, with consolidation from 1 October 2024 and SETI net sales of about SEK 100 million.
Fluid power supplier Flowtech has agreed a £350,000 deal to acquire the assets of pneumatics and fluid products provider Thorite, including equipment, vehicles, stock and locations, and has paid off Thorite's £1.7m debt.
Danish packaging group Dansk Træemballage (DTE) has completed the purchase of Glomma Pall AS, a Norwegian pallet manufacturer based in Frederikstad with about 30 employees and annual revenue just under NOK 100 million.
UFP Technologies has agreed to buy AQF Medical, a manufacturer of foam and thermoplastic components for medical devices, for EUR 43 million (USD 48 million). The acquisition is expected to add complementary capabilities and support UFP's expansion outside the U.S.
Nikke acquired Kureha Tech, a short-fiber nonwoven fabric manufacturing subsidiary of Toyobo MC, on August 26, 2024. Kureha Tech is based in Ritto, Shiga Prefecture, Japan.
Integrated Power Services (IPS) acquired DUAL-Électrotech Inc., a Canadian electrotechnical service provider based in Sherbrooke, Quebec, to expand its power management business in Canada and the Northeastern U.S.
Yanmar Holdings Co. is acquiring all shares of agricultural machinery maker Claas India via Yanmar Coromandel Agrisolutions. The acquisition is expected to be completed by September 30, 2024.
NCS SYSTEMS, a systems integrator, acquired TECHWAY, a developer of advanced electronic solutions for signal and video acquisition and processing, to strengthen technological skills and broaden solution range.
HD Korea Shipbuilding & Offshore Engineering acquired Finnish fuel cell company Convion for approximately €72 million. Convion specializes in solid oxide fuel cells and electrolysis cells.
OCI acquired the entire 51% stake in joint venture P&O Chemical from POSCO Future M for approximately KRW 53.7 billion. P&O Chemical produces electronic-grade hydrogen peroxide and high softening point pitch for semiconductor and secondary battery materials.
PakEnergy acquired Plow Technologies, a provider of cloud-based process monitoring and control software including the OnPing industrial automation platform for oil-and-gas and renewable-energy industries.
Sticomax acquired DutchTecSource (DTS), a Dutch manufacturer of food processing machines, from Nordian. DTS will continue under its own brand and management within the Sticomax group.
Tactical Resources Corp and Plum Acquisition Corp. have entered into a definitive business combination agreement valued at $589 million. The deal aims to advance the Peak Project, a rare earth elements project in Texas.
Mars, Incorporated has announced a definitive agreement to acquire Kellanova for USD 83.50 per share in cash, with the total deal valued at USD 35.9 billion.
ASTK announced it will acquire the business rights for Embraer E-jet II fuselage production from Triumph Group for $115 million. The deal includes design technology, intellectual property, and participation in the risk and revenue sharing program.
Shyam Sel and Power, a wholly-owned subsidiary of Shyam Metalics and Energy, acquired a 100% stake in SMEL Steel Structural for Rs 1 lakh. The acquisition makes SMEL Steel Structural a wholly-owned subsidiary of SSPL and a step-down subsidiary of Shyam Metalics and Energy.
Coil Holding GmbH signed an agreement on August 23, 2024, to acquire 100% of the shares of Haase GmbH, Graz. The closing is expected by the end of 2024.
Ultradent Products, Inc. has acquired a majority stake in Medicinos Linija UAB (i-dental), a dental materials manufacturer in Lithuania. The founder will remain a minority owner.
Yokogawa Electric Corporation has acquired BaxEnergy, a renewable energy asset management technology company. The acquisition was announced in 2024, with the first encounter in March 2023.
FSI Equipment, a material handling and industrial cleaning equipment company based in Fresno, California, was acquired by Pape Material Handling in August 2024.