The Adani Group announced the acquisition of Hyderabad-based Penna Cement for an enterprise value of Rs 10,422 crore, adding 14 MTPA to its capacity.

NCAB Group has acquired ICOM Industrial Components AG, a Swiss PCB distributor based in Bachenbülach with six employees and annual turnover of 40 million SEK. The owner Bojan Zmijanjac will remain as managing director.

Variosystems, a global CDMO, is set to acquire the EMS and box-build division of Swiss electronics components manufacturer Schurter Solutions. The acquisition aims to strengthen Variosystems' European supply chain and nearshoring capabilities.

Ningbo Huaxiang Electronic Co., Ltd. (NBHX) plans to acquire 47.5% of Ningbo Schlemmer Automotive Parts Co., Ltd., 99.5% of Schlemmer Japan Co., Ltd., 100% of Schlemmer Korea Co., Ltd., and 10% of Schlemmer Automotive Singapore Pte Ltd.

Almar Water Solutions acquired a 50% stake in Obor Infrastructure, a Singapore holding company owning two water treatment plants in Java, Indonesia, with total capacity of 425,000 m3/day.

EECOL Electric acquired Independent Electric Supply of Toronto, a distributor serving the Toronto area market since 1921 with 40 team members.

Arkema agreed to acquire Dow's flexible packaging laminating adhesives business, with annual sales of about $250 million, at an enterprise value of $150 million. Bostik will combine the business with its existing flexible packaging presence; the business has manufacturing sites in Italy, the United States and Mexico.

Atlas Copco Group has acquired Emcovele S.A., a compressor distributor with 49 employees offering sales and service of compressed air technology in Quito and Guayaquil, Ecuador. The purchase price was not disclosed. The announcement was made on 2 July 2024.

The Straumann Group fully acquired Mininavident AG, a developer of a guidance system for dental implantation procedures. Straumann had previously owned a 39% stake and acquired the remaining shares in July 2024.

Cybertec S.r.l. and Open Data announced their merger on 1 July 2024, with Open Data being merged into Cybertec. The combined entity will offer integrated planning, scheduling and MES solutions under two business units: Opera MES and CyberPlan.

Heidelberg Materials France acquired Charles Moroni, a specialist in sand, gravel and construction materials, on July 1, 2024. The acquisition adds 80 employees and three sites in the Grand Est region.

GlobalFoundries acquired Tagore Technology's production-proven power GaN IP portfolio, a high-power-density solution for automotive, IoT, and AI data center applications. Tagore's engineering team will join GF.

MULTIVAC acquired a majority stake in Italian Pack, a manufacturer of tray sealing, vacuum packing, and lidding machinery based in Como, Italy.

EQM Industrial Ltd acquired the conveyor division of Autoa Robot Welding (formerly Autoline Automation), effective July 1, 2024, to enhance its product portfolio in the New Zealand market.

MicroPort Endovascular MedTech Group announced it will spend USD 65 million to acquire the remaining 72.7% stake in Optimum Medical Device, an asset-holding firm whose core asset is UK-based Lombard Medical, a developer of aortic stents.

Kodiak, a supplier of chemicals for steel, automotive, energy, and aerospace industries, acquired Aztech Lubricants (Oklahoma) and Coolant Control Inc. (Cincinnati). The acquisitions expand Kodiak's product portfolio to include lubricants, metalworking fluids, and powder-based chemicals.

Carlisle Companies Inc. acquired MTL Holdings, a provider of prefabricated edge metal systems, from GreyLion Partners for $410 million in cash.

Konecranes acquired the service business of Dungs Kran- und Anlagentechnik GmbH, a crane system services specialist based in Voerde, Germany. The acquisition was effective July 1, 2024; the value was not disclosed.

Oglethorpe Power Corporation acquired the 465-megawatt Walton County Power natural gas-fired combustion turbine generation facility in Monroe, Georgia, from Mackinaw Power Holdings, an affiliate of The Carlyle Group Inc. Financial terms were not disclosed.

Air Hydro Power LLC acquired the assets of Baker Bohnert LLC, an industrial distributor specializing in expansion joint manufacturing for the power industry, adding 38 employees.

Sandvik has completed the acquisition of a majority stake in Suzhou Ahno Precision Cutting Tool Technology Co., Ltd., a China-based cutting tool company with approximately 1,200 employees and 2023 revenues of about CNY 812 million.

Rane Holdings Limited approved the acquisition of a 51% stake from joint venture partner NSK Limited in Rane NSK Steering Systems Private Limited, making it a wholly-owned subsidiary to be renamed Rane Steering Systems Private Limited.

Alliance Automotive Group Benelux announced the acquisition of Eldis, a Belgian wholesale distributor of mechanical and body-shop components for the automotive aftermarket, based in Ypres.

Kemira signed a definitive agreement to purchase Norit's UK reactivation business from Purton Carbons Limited, including a reactivation facility in Purton, UK. The deal is expected to close in Q3 2024.

心脉医疗's subsidiary MICROPORT ENDOVASTEC B.V. will acquire the remaining 72.37% stake in Optimum Medical Device Inc. (OMD) for $65 million, making OMD a wholly owned subsidiary. OMD holds Lombard Medical, which makes aortic stent graft products.

Sonepar SAS has acquired Echo Electric Supply, a wholesale electrical distributor headquartered in Council Bluffs, Iowa, ranked in the top 30 of Electrical Wholesaling's 2024 North America distributors list.

Investindustrial, through Automation Systems S.p.A., will acquire 58.35% of Piovan S.p.A. from Pentafin at €14.00 per share, valuing the transaction at approximately €438 million. Pentafin will reinvest for a 25% stake in the purchaser.

American Resources Corporation's subsidiary American Metals LLC has executed a business combination agreement with Nasdaq-listed SPAC AI Transportation Acquisition Corp, valuing the combined company at $170 million. The new entity, Electrified Materials Corporation, will list on Nasdaq under ticker EMCO.

American Resources Corporation's subsidiary American Metals LLC executed a business combination agreement with AI Transportation Acquisition Corp, valuing the combined company at $170 million.

Alfiniti, Inc., a manufacturer of drawn aluminum tube, has acquired Alabama Tube Corporation, the sole U.S. manufacturer of welded aluminum tube.

Precision Aerospace has acquired Owens Machine and Tool Company. The announcement was made in July 2024.

OPW, a Dover Corporation company, acquired MEC and its subsidiary Xanik in July 2024, placing Xanik in OPW Fluid Transfer Solutions' Chemical and Industrial Equipment unit. Xanik, based in Mexico City, has now launched a new logo to reflect its integration.

SCG Packaging (SCGP) completed the acquisition of a 90% stake in VEM Thailand, a polymer injection molding maker in Rayong, through its Singapore subsidiary for up to Bt146.2 million (US$4m). The deal was announced on 1 July 2024.

Framatome and TechnicAtome announced the acquisition of Daher Valves from the Daher Group in France. The company, which makes valves for nuclear and defence applications, has reverted to its historic name Vanatome.

Green Mechanical Construction, Inc. (GMCI) acquired HVAC Services, Inc., a residential and commercial HVAC company in south central Kentucky. The transaction was finalized on June 30, 2024. Both companies share common ownership.

Saudi Aramco signed definitive agreements to acquire a 10% equity interest in HORSE Powertrain Limited, a joint venture between Renault Group and Geely Auto Group, for an enterprise valuation of €7.4 billion. The deal was announced on June 29, 2024.

NETFORM, a Torque Capital Group portfolio company, has completed its merger with Vickers Engineering Inc., a producer of precision-machined steel and aluminum parts for automotive and industrial markets. The merger was announced on June 28, 2024.

Aramco signed definitive agreements to acquire a 10% equity interest in HORSE Powertrain Limited, valuing the company at €7.4 billion enterprise value. Renault Group and Geely each retain 45% stakes.

Sticomax Holding, a Belgian holding company for food industry machine builders, acquired Dutch company ViwateQ, a specialist in surface treatment of stainless steel.

Faurecia acquired a 60% stake from Hella family pool shareholders and completed a voluntary public tender offer for remaining shares, holding 79.5% of Hella. The deal values Hella at €6.7 billion for 100%.

Ground/Water Treatment & Technology, LLC (GWTT) acquired Carbonworks USA, LLC, a Florida-based provider of water treatment equipment and services. The acquisition expands GWTT's presence in the southeastern US.

Heinrich Jungeblodt GmbH & Co. KG, a German manufacturer of special screws and fasteners, announced a merger with Italian OME Metallurgica Erbese s.r.l., a portfolio company of IGI Private Equity.

Mitsui Chemicals has signed an agreement to transfer all shares of its wholly owned subsidiary Mitsui Chemicals Industrial Products to Maeda Kosen. The transfer is scheduled for April 1, 2025, subject to regulatory approval.

Komatsu has completed its acquisition of GHH Group GmbH, a manufacturer of underground mining, tunnelling and special civil engineering equipment headquartered in Gelsenkirchen, Germany. The acquisition enhances Komatsu's underground mining product offerings.

Harvey Performance Company, LLC, through its subsidiary Harvey Tool Company LLC, acquired 100% of the shares of Rub Edibrac Ireland Limited (ATA), an Ireland-based precision engineering multinational. The acquisition includes subsidiaries in the Netherlands, Belgium, and Switzerland.

J-POWER (Electric Power Development Co.) has decided to sell its 50% stake in Green Country Energy, a 795 MW gas-fired power plant in Oklahoma, to Public Service Company of Oklahoma. The sale is expected to close by June 2025.

Trioworld Group signed an agreement on June 25, 2024 to acquire Sopal SAS, owner of French food packaging companies Palamy and Beaudet et René Jean Emballage (BRJ), through a purchase of all shares. The deal is subject to closing conditions and French regulatory approvals.

Haynes International announced that CFIUS clearance has been obtained for its planned merger with North American Stainless, a subsidiary of Acerinox. The merger remains subject to regulatory approvals in the UK and Austria, and is expected to close in Q4 2024.

Nokia announced a definitive agreement to acquire Infinera for $6.65 per share, valuing the company at an enterprise value of $2.3 billion. The deal is expected to close in 2024 and be accretive to earnings by 2027.

Saudi Aramco is close to agreeing to acquire a 10% stake in the thermal engines joint venture between Renault and Geely. The report was published on June 27, 2024.