Italian loader crane manufacturer Fassi Gru has acquired German truck body manufacturer Bavaria Fahrzeugbau. The announcement was made on July 31, 2024.
The DUBAG-managed LEO III fund acquired Ampack GmbH and Osgood Industries from Syntegon, a CVC portfolio company. Ampack and Osgood make form, fill and seal machines for cups and bottles used in food packaging.
Whelen Aerospace Technologies (WAT) has announced the acquisition of substantially all assets of AeroLEDs LLC, merging two aviation lighting technology companies. AeroLEDs will continue to operate from Boise, Idaho.
Sunbelt Solomon Services acquired Maxima Power Group, which comprises Magna IV Engineering, Power Solutions Group, and Industrial Tests. Maxima is a NETA accredited electrical engineering, automation solutions, and technical field services provider with 370 employees across nearly 20 locations in the US, Canada, and Chile.
The Jade Steel Group, in partnership with Standard Horse Nail Company, acquired Precision Kidd Steel Company, a producer of precision cold drawn steel shapes.
Vossloh France SAS, a subsidiary of Vossloh AG, signed an agreement to acquire Sateba Group, a leading European manufacturer of concrete ties, from TowerBrook Capital Partners. Sateba has 1,120 employees and 19 production sites in ten European countries.
Industrial Growth Partners VI, L.P., in partnership with management and certain outside investors, acquired AMG, a manufacturer of high-precision metal components for aerospace and defense, on July 29, 2024.
LS Electric acquired an 80% stake in Korea E&M, a logistics automation company specializing in stacker cranes, to expand into smart logistics solutions. The deal was signed on July 29, 2024.
BHP and Lundin Mining have agreed to jointly acquire Filo Corp. for about C$4.1 billion, or C$33.00 per share, gaining 100% of the Filo del Sol copper project. They will also form a 50/50 joint venture to hold the Filo del Sol and Josemaria projects.
Volkswagen and Rivian have received merger control clearance from the Bundeskartellamt to form a 50/50 joint venture to develop next-generation E/E architecture for electric vehicles, and VW will acquire a minority stake in Rivian.
Integra Resources has agreed to acquire all shares of Florida Canyon Gold Inc. in a transaction valued at approximately C$95 million, creating a gold and silver producer in the Great Basin.
TJC, LP has acquired Insulation Technology Group, a global provider of electrical insulation solutions for the utility market. Churchill Asset Management served as Joint Lead Arranger and Administrative Agent for a senior secured credit facility to support the acquisition.
NCAB Group has acquired the former printed circuit board unit of EPI Components Trade, based in Lireserbrucke, Austria, along with its employees and customers. The unit's annual revenues are roughly SEK 35 million ($3.34 million).
NCAB Group has acquired the PCB division of DVS Global, an Italian electronics provider, for SEK200 million ($18.6 million) with a possible earnout of up to SEK45 million ($4.2 million). The deal is expected to close in September 2024.
Chargeurs PCC Fashion Technologies completed the acquisition of strategic assets of AG Cilander from Herisau, Switzerland. The assets include brands and textile finishing technologies for fashion, military, and mobility applications.
DuPont announced it has completed the acquisition of Donatelle Plastics, a medical device company specializing in medical components and devices. Donatelle becomes part of DuPont's Electronics & Industrial segment.
Nextkidney BV acquired 100% of the share capital of Dialyss Pte Ltd as of January 1, 2022. The acquisition aims to accelerate commercialization of the Neokidney portable haemodialysis device.
Private equity investor Afinum acquired a majority stake in A.R.C. Laser GmbH and G.N.S. neoLaser Ltd., combining them into the newly formed MedTech Laser Group GmbH. The founders retain a minority stake.
Koito Manufacturing Co., Ltd. signed a definitive agreement to acquire all outstanding shares of Cepton, Inc. not already owned, for $3.17 per share in cash. Cepton will operate as a privately held indirect subsidiary of Koito in the US.
Roche completed the acquisition of LumiraDx's Point of Care technology after receiving all regulatory clearances, integrating the multi-assay platform into its diagnostics portfolio.
A group under China National Building Material Group agreed to buy Tunisian cement production facilities from Votorantim Cimentos' Spanish unit for up to USD145 million via a UAE SPV. The deal is pending regulatory approvals.
DuPont de Nemours closed its $313 million acquisition of Donatelle Plastics, a medical device contract manufacturer based in New Brighton, Minnesota, on July 28, 2024. Donatelle will be integrated into DuPont's materials science business.
UltraTech Cement entered a share purchase agreement to buy a 32.72% stake in India Cements for ₹3,954 crore, increasing its total stake to 55.49% and making India Cements a subsidiary.
Votorantim Cimentos signed an agreement to sell its Tunisian assets to China-based Sinoma Cement for US$130 million. The deal is subject to regulatory approvals.
Pelican Energy Partners has acquired MillenniTek, a provider of advanced ceramics solutions for energy production. MillenniTek's CEO Steve Getley will continue to lead the company and retain significant ownership.
Veolia has acquired Micronipol, a Portuguese provider of recycled plastic, to strengthen its plastic recycling activities. Micronipol will become part of Veolia's PlastiLoop network.
Hollysys Automation Technologies Ltd. has completed its merger with entities affiliated with Ascendent Capital Partners, becoming a wholly owned subsidiary of Superior Technologies Holding Limited. Shareholders received $26.5 per share in cash.
Marcegaglia Steel and Manni Group signed an agreement to form a joint venture in insulated panels and sectional door panels, creating the second-largest producer of panels in Europe. The joint venture will have an aggregated turnover of approximately €500 million and employ nearly 700 people.
ProMach, a leader in processing and packaging machinery, announced the acquisition of MBF, an Italian producer of bottle-filling and closing machines for the wine and spirits industries. MBF, founded in 1997 in Verona, Italy, has over 200 employees and a single manufacturing site in Italy.
One Equity Partners (OEP) signed a binding agreement to become majority shareholder of Comau, an industrial automation and robotics company. Stellantis will remain an active minority shareholder. Financial terms were not disclosed.
Global New Material International (环球新材国际) has agreed to acquire Merck KGaA's global surface solutions business for €665 million. The target company supplies pearlescent pigments and other surface solutions for automotive, cosmetics, and industrial applications.
GMH Gruppe has signed an agreement to acquire ALBA Metall Saar GmbH, a scrap and metal trading company in Bous, Saarland. The transaction is subject to closing conditions and antitrust approval, with completion expected by August 30, 2024.
Acieta, a portfolio company of Angeles Equity Partners, has acquired Capital Industries LLC, an Indiana-based industrial robotics manufacturer and integrator. This is the fifth strategic acquisition by Angeles in the robotics integration sector.
Edwards Lifesciences has signed an agreement to acquire JenaValve Technology, a pioneer in transcatheter treatment of aortic regurgitation. JenaValve is a portfolio company of Andera Partners.
ATS Corporation, a global automation solutions provider, has completed its acquisition of Paxiom Group, a packaging machine manufacturer. The deal was initially announced on May 15, 2024, and aims to enhance ATS's packaging automation offerings.
ATS Corporation completed its acquisition of Paxiom Group, a provider of packaging machines for food, beverage, cannabis, and pharmaceutical industries. The acquisition was announced on May 15, 2024.
AltusGroup member Wells has acquired GATE Precast, expanding to more than 20 locations and 14 manufacturing facilities across the United States.
Turner Construction Company has agreed to acquire 100% of Dornan Engineering Group, an Irish-headquartered mechanical, electrical, instrumentation and commissioning engineering contractor, subject to EU merger control approval.
Hyperion Materials & Technologies has entered into a definitive agreement to acquire the operations of Damen Carbide Tool Co., a Wood Dale, Illinois-based company specializing in grinding and EDM finishing of carbide and ceramic components.
Afinum 9 acquired a significant majority stake in A.R.C. Laser GmbH (Germany) and G.N.S. neoLaser Ltd. (Israel), forming the MedTech Laser Group. The founders of both companies reinvest in the newly formed entity.
Malaysian cement producer YTL Cement has agreed to acquire an 81.24% stake in Singapore-based NSL for MYR792 million (US$169.5 million). NSL produces precast concrete components in Malaysia and Dubai.
Alstom has acquired Duray Ulaşım Sistemleri in Bursa, Turkey, establishing a new Advanced Industrial Center with over 200 employees to produce critical rail transport components.
Silgan Holdings has signed a sale and purchase agreement to acquire Weener Plastics Holdings B.V., a producer of dispensing solutions, for an enterprise value of €838 million. Weener operates 19 facilities mainly in Europe and the Americas and had sales of about €450 million.
IDEX Corporation has agreed to acquire Mott Corporation for $1 billion. The deal is expected to close by the end of Q3 2024. Mott will operate under its own brand within IDEX's Health and Science Technologies segment.
Bosch announced the acquisition of Johnson Controls' global HVAC solutions business for residential and light commercial buildings, including the Johnson Controls-Hitachi Air Conditioning joint venture, for US$8 billion. The deal is expected to close within 12 months.
Zhejiang Wansheng Co., Ltd. signed a share transfer agreement to acquire a 59.33% stake in Shine Polymer (Guangzhou) Technology Co., Ltd. for approximately CNY 375 million, becoming the controlling shareholder.
Thermon has acquired Precision Boilers, integrating its electric boiler technology into Thermon's portfolio of industrial heating solutions.
The Exigent Group, a platform of Huron Capital, has acquired Smith-Boughan Mechanical in Ohio and Electrical Automation Systems (EASI) in Maryland. Terms were not disclosed.
Condair has acquired Kuul, a US-based manufacturer of cellulose media and glass fibre for evaporative cooling. Kuul will be rebranded as Condair – Evaporative Technologies. Condair also plans to build a new production site in Richmond, Virginia, operational in 2025, employing 180 staff.
XM Textiles has signed an agreement to acquire the textile business of Polish Textile Group (PTG), effective August 1, 2024, integrating PTG's product line of fabrics, reflective tapes and sewing accessories.