Esyasoft Holding Ltd acquired a 70% stake in Float, a Dutch IoT company, to expand into the smart water technology solutions market. The deal was announced on August 12, 2024.
Ventoux Industrial Partners, through its subsidiary Premier Precision Machining LLC (dba Rand Machine Products), has acquired D&E Machining Ltd, a manufacturer of aerospace and defense components. The acquisition expands Rand Machine Products' capabilities and capacities.
Trinseo and Chevron Phillips Chemical Company (CPChem) plan to commence the sale of their Americas Styrenics (AmSty) joint venture in Q3 2024, with a definitive agreement expected in H1 2025. Trinseo will sell its 50% stake, and the entire JV is for sale.
ARI-Armaturen completed the acquisition of Warren Controls, Inc., a control valve company based in Bethlehem, Pennsylvania, on 12 August 2024. Financial terms were not disclosed.
The RISE Group, Inc., an employee-owned energy and field services provider, has acquired DG Service Company, an HVAC and refrigeration contractor based in Mattapoisett, Massachusetts. The acquisition strengthens RISE's mechanical and HVAC contracting capabilities in New England.
Signia Aerospace, a subsidiary of Arcline Investment Management, has agreed to acquire Goodrich Hoist & Winch, a division of Collins Aerospace (owned by RTX Corp.), for $500 million. Goodrich manufactures lifts, winches, and rescue equipment for helicopters and military aircraft.
Vital Engineered Components Company (VECCO), an affiliate of American Industrial Acquisition Corporation (AIAC), acquired Kaman Composites Wichita (KCW), a division of Kaman Aerospace Group, on August 9, 2024. KCW is a supplier of composite components to the aerospace and defense industries, serving customers including Boeing and Sikorsky.
BÜFA Group has acquired 100% of the shares in Swedish cleaning products manufacturer MacSerien Group, with retroactive effect from January 1, 2024. MacSerien specializes in water treatment, vehicle washing, and sustainable cleaning solutions, with production sites in Sweden and Estonia and 2023 turnover of €12 million.
Holcim has acquired 100% of the shares and operations of Comacsa and Mixercon, two Peruvian construction companies, for a total of US$100 million, entering Peru's construction market.
Victory Giant Technology (Shengyi Technology) will acquire 100% of APCB Electronics (Thailand) for up to 279 million yuan, and then inject 500 million yuan into the subsidiary to establish it as a Thailand production base for multilayer PCBs.
Sodeco Valves, part of Thermador Groupe, signed on August 9, 2024 to acquire the business of Vena Contracta, a Belgian maker of specialty industrial valves, for €1 million paid in cash. Vena Contracta reported sales of €1.4 million in 2023.
Exicom, India's largest EV charging station manufacturer, has acquired the business and assets of insolvent Australian fast-charging station manufacturer Tritium. The acquisition includes Tritium's production facility in Tennessee, USA, and development centre in Brisbane, Australia.
Quaser Group, a Taiwanese CNC machine manufacturer, has acquired a stake in Lerinc Werkzeugmaschinen und Automation, a German distributor, to take over direct sales in selected European markets.
Kobe Steel has signed a joint venture agreement with Baowu Aluminum Technology Co., Ltd. to form a new company, Kobelco Baosteel Automotive Aluminum Rolled Products Co., Ltd., integrating Kobe Steel's subsidiary in Tianjin with Baowu Aluminum's lines. The JV will manufacture and sell aluminum panels for automakers in China.
Coppice Alupack acquired Telford-based flexible packaging maker Sirane and its assets from joint administrators in a secured sale, retaining the Emerald site and 22 remaining employees. Financial terms were undisclosed.
Herc Holdings acquired the assets of California-based machinery and forklift sales company Otay Mesa Sales for approximately $264 million. Otay has about 135 employees and four locations serving San Diego, Phoenix and Yuma.
Körber Supply Chain Software, a joint venture between Körber AG and KKR, signed a binding agreement to acquire MercuryGate International Inc., a TMS provider based in Cary, North Carolina. Terms were not disclosed.
Crane 1 Services Inc. purchased Standard Crane & Hoist LLC, a provider of overhead crane services with eight locations across Louisiana, Mississippi, and Texas, on August 1, 2024.
Glanua, an Irish water infrastructure engineering company, has acquired UK-based Aqua Operations, an industrial O&M provider for the water sector. The deal expands Glanua's UK operations and industrial division.
Aramco signed a definitive agreement to acquire an additional 22.5% stake in Petro Rabigh from Sumitomo Chemical for $702 million, increasing its ownership to about 60%, with additional financial measures to support Petro Rabigh.
Arclin completed the purchase of RG Dispersants, a producer of specialty dispersants and surface-active products, from CPS Performance Materials, adding plants in Candiac, Quebec and Cedartown, Georgia and about 150 employees.
Zimmer Biomet signed a definitive agreement to acquire OrthoGrid Systems, a medical technology company with an AI-driven surgical guidance platform for hip replacement.
The shareholders of Landefeld Druckluft und Hydraulik and Landefeld Beteiligungsgesellschaft sold their minority interest in the companies to Viessmann Generations Group, with Grant Thornton advising the sellers. The deal was reported on 7 August 2024; no value was disclosed.
Dow Chemical has acquired Circulus, a manufacturer that turns plastic waste into Post Consumer Resin, including facilities in Ardmore, Oklahoma and Alabama. The acquisition was announced in June and a ribbon-cutting was held on August 6, 2024.
Grupo Ciosa announced a merger with AutoTodo Mexicana and the acquisition of a 75% stake in Jetz App, aiming to create the largest auto parts distribution network in Mexico with combined annual revenue of $300 million.
Climatec, a Bosch company, acquired Engineered Control Solutions (ECS), a building automation solutions provider with offices in North and South Carolina. ECS has about 100 employees. Terms were not disclosed.
CORAIL-TUNNELIER SAS, a consortium, has acquired METALLIANCE SA, a supplier of MSVs and specialist equipment to tunnelling and mining industries, effective 1 August 2024. The brand name METALLIANCE will be retained.
Hightex Verstärkungsstrukturen GmbH became a new member of the Connova Group, with Connova as the majority shareholder. Hightex will continue as an independent company within the group, specializing in 2D and 3D preforms for high-performance fiber composites.
Unipart acquired Formaplex Technologies, a lightweight components manufacturer serving automotive, aerospace, motorsport and healthcare sectors. Formaplex will be rebranded as Unipart Polymer and Composite Solutions.
Dongkuk CM, a cold-rolled steel business company of Dongkuk Steel Group, announced it will acquire a 56.6% stake in Ajou Steel for a total of 128.5 billion won. The acquisition aims to make Dongkuk CM the world's largest color steel plate producer.
ArcelorMittal completed the acquisition of Apollo funds' stake in Vallourec at €14.64 per share, for a total purchase price of €955 million, becoming the anchor shareholder with 28.4% of voting rights.
byNordic Acquisition Corporation signed a non-binding Letter of Intent to merge with Sivers Photonics, a wholly owned subsidiary of Sivers Semiconductors that manufactures lasers for photonic devices. The acquisition is subject to a definitive agreement.
Silicon Integrated Systems Corp. (SiS) resolved to issue new shares to acquire 100% of HYCON Technology Corporation. The share conversion rate is 1 HYCON share for 0.8713 SiS share, with a record date of January 1, 2025.
Cemex signed an agreement to sell its Dominican Republic business, including a cement plant with two integrated lines and related cement, concrete, aggregates and marine terminal assets, for about USD 950 million.
Schmalz, a vacuum specialist from Glatten, acquired the mGrip product family from US-based Soft Robotics Inc., including all finger gripper configurations, patents, and know-how. The deal expands Schmalz's position in food product handling.
PCPI Plastics LLC acquired an injection molded medical product line from Sonolite Plastics. The deal was announced on August 5, 2024.
Generac Power Solutions acquired Ageto Energy, a Colorado-based maker of microgrid controllers, for an undisclosed price. The acquisition aims to enhance Generac's energy technology ecosystem for commercial and industrial customers.
Standard Iron, a Minnesota-based metal fabricator, acquired Helgesen Industries, a Hartford-based fabricated metals manufacturer. Terms were not disclosed.
SNF, a global leader in water-soluble polymers, signed agreements to acquire PfP Industries and Ace Fluid Solutions. The target closing dates are imminent.
Cemex sold its assets in the Dominican Republic and its Haiti export business to Cementos Progreso for $950 million.
Polymatech Electronics, India's first semiconductor chip maker, has acquired Nisene Technology Group Inc., a California-based semiconductor company with a 50-year history. The acquisition was executed through Polymatech's wholly-owned subsidiary in Singapore.
An affiliate of Stellex Capital Management agreed to acquire McConway & Torley and Standard Forged Products from Arcosa. The companies produce cast, forged, and machined products for rail and industrial customers from three facilities in Pittsburgh. David Meyer was named CEO.
Harrington acquired Cortrol Process Systems, a provider of non-metallic corrosion-resistant flow control products and services, to enhance its fiber-reinforced plastic product portfolio and geographic footprint in the Midwest and Gulf Coast.
Dantherm GmbH has been merged with Trotec GmbH with retroactive effect from 1 January 2024, as part of a consolidation within the Dantherm Group.
Thiess has acquired significant stakes in Australian digital platform LAAMP and carbon-fibre truck reinforcement company Mechatronix, expanding into digital and asset services.
The Timken Company has agreed to acquire CGI Inc., a Nevada-based manufacturer of precision drive systems for automation markets including medical robotics. The deal is expected to close in Q3 2024.
The TEFCOLD Group has acquired Eureka, a German distributor of commercial cooling equipment. Eureka will be renamed TEFCOLD DE GmbH and continue operations from Emsdetten.
Fox Innovation & Technologies has acquired Cotter Holdings Group, a rotating machinery services provider, to expand its field operation capabilities across the US. The deal is expected to take Fox to over $100 million in LTM revenue on a proforma basis.
Heat-Timer Corporation, a supplier of commercial heating controls and energy management systems, has been sold to Leonard Valve Company, a portfolio company of Bessemer Investors. EC M&A acted as exclusive financial advisor to Heat-Timer.
South Africa's Competition Commission approved Guala Closures' proposed acquisition of Astir Vitogiannis, whose subsidiary Coleus Packaging is a major crown cork supplier in Southern Africa. The approval comes with specific conditions.