Avatr Technology will purchase a 10% stake in Huawei's automotive parts unit Newcool for RMB 11.5 billion ($1.6 billion), marking Newcool's first external investment. The deal values Newcool at RMB 115 billion.
Compass Diversified subsidiary Altor Solutions agreed to acquire Lifoam Industries, a temperature-controlled packaging maker with seven US plants, for an enterprise value of $137 million in cash, announced August 19, 2024.
Tri-Wall Limited's North American subsidiary TW America acquired 25% of the equity of South Carolina-based Concept Packaging Group, announced August 19, 2024.
South Korean AI chip startup Rebellions and SAPEON Korea, an SK Telecom subsidiary, have signed a definitive merger agreement. The merged entity will be named Rebellions, with SAPEON Korea as the surviving entity, and is expected to launch within 2024.
Porsche plans to acquire a majority stake in V4Drive Battery GmbH, a Varta subsidiary producing large-format lithium-ion round cells for hybrid vehicles. Porsche will invest €30 million and contribute a new production facility in Nördlingen, Germany, scheduled to go into operation in 2025.
Sioux Chief Manufacturing completed the acquisition of Riverside Plastics (RPI Molding), a domestic manufacturer of injection molded products and tooling. Riverside Plastics will continue to operate independently with support from Sioux Chief.
CRH Cement Ukraine announced plans to acquire 99.9775% of the share capital of Dyckerhoff Cement Ukraine, which operates two cement plants in Ukraine.
Boeing and Lockheed Martin are in talks to sell their rocket-launching joint venture United Launch Alliance to Sierra Space, with a potential valuation of $2-3 billion. The deal would mark a significant shift in the U.S. space launch industry.
Just Right Heating & Cooling announced its merger with Friendly Plumber, Heating and Air, a provider of plumbing, HVAC, and indoor air quality services in Utah. Friendly Plumber will transition to the Just Right brand, expanding Just Right's service offerings and geographical reach in the Salt Lake market.
Lincoln Electric acquired Vanair Manufacturing, a manufacturer of truck-mounted air compressors, generators, welders, and mobile EV chargers, for a net purchase price of $116 million. Vanair is based in Michigan City, Indiana.
West Coast Machinery Inc., through its divisions ShearForce Equipment and Work Truck West, acquired Shear Power Corp. in Strathroy, Ontario. Shear Power Corp. specializes in hydraulic attachments for metal recycling, demolition, construction, forestry, and mining industries.
Inter RAO completed the acquisition of 98.4% of shares in NPO Elsib, a Russian manufacturer of hydro generators, turbogenerators, and electric motors, previously owned by SUEK. The deal aims to create an integrated power engineering business.
Atlas Copco acquired Integrated Pump Rental, a South African rental provider of dewatering solutions headquartered in Johannesburg with 18 employees.
IronWorx, LLC acquired Magnum Steel Works, a steel fabrication and mining equipment rebuild company in Mt. Vernon, Illinois. The acquisition aims to grow the business and diversify into large steel fabrication.
SCIO Automation GmbH acquired CEC Controls Company, Inc., a premium controls system integrator headquartered in Warren, Michigan, from John Wood Group PLC. The acquisition expands SCIO's presence in North America and strengthens its discrete automation segment.
North America's Integrated Power Services (IPS) acquired Houghton International, a Newcastle Upon Tyne-based electro-mechanical services company, marking IPS's first significant expansion into the European market.
Mpac Group plc acquired SIGA Vision, a UK-based provider of machine vision solutions for food, beverage and healthcare markets. The acquisition integrates vision solutions into Mpac's packaging automation offering.
Lockheed Martin signed a definitive agreement to acquire Terran Orbital, a satellite-based solutions provider, for approximately $450 million. The transaction includes a $30 million working capital facility.
Saint-Gobain signed a definitive agreement to acquire OVNIVER Group, a construction chemicals player in Mexico and Central America, for $815 million (€740 million) in cash. The acquisition is expected to close in the first half of 2025.
Trelleborg Sealing Solutions announced it will buy Magee Plastics to boost its aerospace presence.
Compagnie de Saint-Gobain entered into a definitive agreement to acquire Cemix Mexico for approximately $820 million (cash consideration of $815 million). The transaction is expected to close in the first half of 2025.
Vance Street Capital, through its Victor Sierra Aviation Holdings, acquired Aviation Products Systems, a supplier of proprietary replacement wheel & brake components and custom hose kits for general aviation aircraft. This is the latest in a series of tuck-in acquisitions for VS Aviation.
The Consunji Group, through DMCI Holdings, Semirara Mining and Power Corp., and Dacon Corp., received PCC approval for its $305.6 million acquisition of Cemex Asian South East Corp., which holds an 89.86% stake in Cemex Holdings Philippines. The deal includes cement manufacturing assets in the Philippines.
Hadrian, an advanced manufacturing company, has acquired Datum Source, a procurement management SaaS platform and manufacturing network. The acquisition closed on July 8, 2024; terms were not disclosed.
Dow expects to close its acquisition of mechanical recycling firm Circulus in Q3 2024, including two facilities with a combined capacity of 50,000 metric tons of recycled materials annually.
Mutares SE & Co. KGaA has completed the acquisition of fischer automotive systems GmbH & Co. KG from fischerwerke GmbH & Co. KG. The company, which will be renamed Matikon, is an automotive supplier of kinematic components and system solutions for vehicle interiors and exteriors, with expected revenues of around EUR 200 million in 2024.
French multinational Legrand has acquired Davenham Switchgear, a family-owned Irish manufacturer of electrical switchgears for power systems with over €100 million in annual revenue. The acquisition brings data centre expertise to Legrand.
Trelleborg Sealing Solutions has signed an agreement to acquire Magee Plastics, a US manufacturer of high-performance thermoplastic and composite solutions for the aerospace industry. The transaction is expected to be finalized in Q4 2024.
Holcim US announced the acquisition of King William Sand & Gravel Co., Inc., gaining high-quality sand and gravel reserves to serve construction customers in Central Virginia.
Numantec, a European medical devices leader, acquired PHS Medical, a German company specializing in single-use port-catheters and introducers. The deal strengthens Numantec's critical care portfolio and presence in Germany.
Wheeler Machinery Co., Utah's Cat dealer, acquired Diamond Equipment & Tool Rental, expanding its Cat Rental Store division with 18 locations across Utah and a broader product portfolio.
PRIMEdge, Inc. has acquired French blade producer PRO'COUPE INDUSTRIES, adding over 10,000 unique blades for packaging and agri-food sectors to its portfolio.
Sims Ltd. has entered into a binding agreement to sell its U.K. Metal business to Unimetals Group Ltd. for approximately £195 million ($250 million), including 28 facilities and four shredders.
JENNMAR has acquired the assets of the Holden, West Virginia cement blending facility of Wright-Mix Material Solutions, LLC. The facility will be added to JENNCHEM's portfolio to ensure continuous production of J-SEAL foaming cement products.
Viessmann Group has agreed to acquire KPS Global LLC from D Cubed Group LLC to expand its clean and cold room business in North America. Terms were not disclosed.
B&B Transformer, a manufacturer of oil-filled distribution class transformers based in Farmington, Minnesota, was acquired by Integrated Power Services in September 2024.
Baxter International Inc. signed a definitive agreement to divest its Kidney Care segment (Vantive) to funds managed by Carlyle for $3.8 billion. Baxter will receive approximately $3.5 billion in cash.
Cementir Holding N.V., through its subsidiary Aalborg Portland Holding A/S, acquired an additional 25.40% stake in Sinai White Portland Cement Co. from a Vicat Group subsidiary for about EUR 30 million, increasing its indirect ownership to 96.5%.
Rheinmetall signed an agreement to acquire all equity interests in Loc Performance Products, LLC, a vehicle specialist based in Plymouth, Michigan. The acquisition expands Rheinmetall's position in the US defense market and strengthens its land vehicle business.
Emerson announced on August 13, 2024 that it completed the sale of its remaining 40% interest in the Copeland joint venture to private equity funds managed by Blackstone, in a transaction valued at approximately $3.5 billion.
Aliaxis signed a definitive agreement on August 13, 2024 to acquire the manufacturing assets of Johnson Controls' CPVC pipe and fittings business for residential and light commercial sprinkler systems, located in Huntsville, Alabama, with annual revenue of about $100 million. Financial terms were not disclosed.
Flowserve signed a definitive agreement to acquire privately held MOGAS Industries, a Houston-based maker of severe service valves, for $290 million plus a potential $15 million earnout. Closing is expected in Q4 2024.
Winters Instruments has acquired CPW Valve & Instrument, a Canadian manufacturer of pressure instruments and accessories based in Edmonton, Alberta. Both companies will continue to operate independently.
CRH Ukraine announced plans to purchase a 99.9775% stake in Dyckerhoff Cement Ukraine, which operates two cement plants in the Rivne and Mykolayiv regions. The notification was made public on 12 August 2024.
Russel Metals Inc. closed the acquisition of seven service centers located in Western Canada and the Northeast U.S. from Samuel, Son & Co., Limited.
JCET Group Co., Ltd. announced progress on acquiring 80% equity of SanDisk Semiconductor (Shanghai) Co. Ltd. The announcement was made on August 12, 2024.
Irish building materials group CRH, through its Romanian subsidiary Romcim, has acquired Tehno World, a polyethylene pipes manufacturer based in Falticeni, Romania. The deal is estimated at over EUR 100 million.
Gold Fields Limited agreed to acquire all shares of Osisko Mining Inc. for C$4.90 per share, in an all-cash transaction valued at approximately C$2.16 billion. The deal was announced on August 12, 2024.
The Anderson Group formed OMI Specialty Products, combining Olympic Aviation and MetalMart International into an aerospace distribution platform. The investment and acquisition were announced on August 12, 2024.
WSP Global announced an agreement to acquire Power Engineers, a US consulting firm in the power and energy sector. The deal was announced on August 12, 2024, with a value of approximately $1.78 billion (implied from financing details).