Precision Pulley & Idler (PPI) acquired Continental Global Material Handling, a bulk material handling manufacturer based in Winfield, Alabama.
PAS Global, LLC agreed to be acquired by Hexagon AB. The acquisition aims to combine PAS's industrial process safety and OT cybersecurity software with Hexagon's sensor and software solutions.
Handal Energy Bhd agreed to acquire a 30% stake in crane and lifting solutions provider Tenzin Heavy Machinery (M) Sdn Bhd for RM8 million. The acquisition is expected to complete by July 2024.
R.E. Carroll Inc., a specialty chemical distributor, announced the acquisition of ChemRep Inc., effective June 5, 2024. ChemRep, based in Wood Dale, Illinois, is a regional distributor of products for the rubber manufacturing industry and will operate as a subsidiary of R.E. Carroll.
French building materials giant Saint-Gobain received approval from Australia's Foreign Investment Review Board for its $4.3 billion takeover bid of CSR, the maker of Gyprock. Shareholders will vote on the proposal at a scheme meeting scheduled for June 13, 2024.
Inter RAO is negotiating to acquire Novosibirsk-based heavy electrical machinery plant ElSib. The deal could close in July, with the asset valued at 10-13 billion rubles.
Oxford Instruments plc entered into an agreement to acquire FemtoTools AG, a Swiss developer of nanoindentation instruments, for an initial CHF 17m plus up to CHF 7m in earn-out. Completion is expected within four weeks.
Addtech Industrial Solutions, a unit of Addtech Group, agreed to acquire 89% of shares in C. Gunnarssons Verkstads (CGV), a Nordic supplier of lumber handling machinery based in Vislanda, Sweden. The deal is expected to close in July 2024.
Capital Extension Crane & Lift acquired Long Island Crane & Rigging, a crane rental and rigging company based in Westhampton Beach, New York. The deal value was not disclosed.
Allegion plc, through a subsidiary, acquired Unicel Architectural Corp., a Canadian manufacturer of glass, timber and aluminum building solutions. Terms were not disclosed.
New Pendulum Corporation acquired Bardot Plastics Inc., a custom injection molding company based in Easton, Pennsylvania, to expand its plastics manufacturing capabilities.
Sunbelt Solomon Services acquired Valley Transformer, Inc., a provider of transformer repair and reconditioning services in the Pacific Northwest. The acquisition adds a location in Otis Orchards, Washington, and expands Sunbelt Solomon's service capabilities.
Bowmer & Kirkland acquired 100% of Adcock Refrigeration and Air Conditioning, a UK cooling and heating company with 230 staff. PEM provided M&A and tax advice to the vendors.
Nucor, the largest U.S. steel producer, acquired Rytec Corporation, a commercial door manufacturer, for $565 million in an all-cash transaction. Rytec makes rigid rolling doors and fabric doors for various applications.
Lincoln Electric acquired Inrotech A/S, a Denmark-based automation system integrator specializing in automated welding systems with adaptive intelligence software and computer vision. Terms were not disclosed.
CooperSurgical acquired ZyMōt Fertility, a subsidiary of DxNow, Inc., which commercializes a sperm separation device for assisted reproductive technology. The acquisition adds to CooperSurgical's fertility products and services portfolio.
Euro Maskin AB, owned by J2L Holding AB, has acquired Hontech AB, the exclusive dealer of Sunnen honing machines in Sweden. Hontech will operate as an independent subsidiary of Euro Maskin.
Tricel has acquired Magnum Industries Europe Ltd., a composite manufacturing equipment distributor based in the UK Midlands. The acquisition aims to strengthen Tricel's position in the composites market and expand its product range.
Blackford Capital, through its PACIV Industrial Automation platform, has acquired Eight12 Automation, an automation and controls engineering leader based in Southern California. This is the second add-on to the platform in 12 months, following the acquisition of Data Science Automation in January 2024.
PROBAT, a leader in roasting plant and machinery, has acquired Royal Duyvis Wiener, a manufacturer in cocoa, chocolate, and nuts & seeds processing. The acquisition aims to leverage synergies and foster innovation in the food processing sector.
Miele and Metall Zug Group formed a joint venture, SteelcoBelimed, combining Miele's Steelco Group and Metall Zug's Belimed Infection Control and Life Science businesses. Miele holds 67% and Metall Zug 33%. The joint venture is operational immediately.
Vishay Intertechnology acquired Ametherm, a leader in inrush current limiters and sensing thermistors, for approximately $31.5 million in cash.
OMIS signed the acquisition of 75% of Elephant, a leading manufacturer of jib cranes and lifting systems in Italy. The deal aims to secure leadership in the light lifting sector.
Cognizant announced it has signed a definitive agreement to acquire Belcan, a portfolio company of AE Industrial Partners, for approximately $1.3 billion in cash and stock. The acquisition will strengthen Cognizant's engineering capabilities and establish a leadership position in the aerospace and defense market.
NP Aerospace announced the acquisition of certain assets of Jankel Armouring Limited, including intellectual property, patents and inventory, after Jankel entered administration. The acquisition is expected to create or sustain 60-70 skilled jobs.
ITAGO SGR S.p.A., on behalf of the ITAGO IV closed-end fund, completed the acquisition of a majority stake in Vernici Caldart Srl, a manufacturer of paints, varnishes, enamels, printing inks and synthetic adhesives.
Fanti Packaging of Bologna acquired a 60% stake in Ocm Imballaggi of Gruaro, Italy, which makes jars for Illycaffè. The founding D'Agnolo family keeps 30%, and Illycaffè raised its stake to 2%. All 220 employees were retained.
Momentum Group, through subsidiary Börjesson Pipe Systems, signed an agreement to acquire 100 percent of Minrox AB, a Swedish specialist in flow technology for abrasive industrial processes. Minrox has about SEK 34 million turnover and operates from Huddinge and Motala. No deal value was disclosed.
Metall Zug and Miele have completed a joint venture, bringing together Steelco and Belimed in the field of Infection Control and Life Science, forming a new brand called SteelcoBelimed. The joint venture was completed on June 10, 2024.
Hudson Technologies acquired substantially all assets of USA United Suppliers of America, Inc. d/b/a USA Refrigerants for $20.7 million, with up to $2 million in earnout payments.
KARL STORZ Endoscopy-America, a subsidiary of KARL STORZ SE & Co. KG, will acquire all outstanding shares of Asensus Surgical for $0.35 per share in cash. The transaction is expected to close in Q3 2024.
Eaton and SIA Engineering Company incorporated a joint venture, Eaton Aerospace Component Services Asia Sdn Bhd, in Malaysia. SIAEC holds 49% and Eaton 51%. Initial capital will be increased to approximately RM75 million.
SupplyOne, a Wellspring Capital portfolio company, has acquired Columbia Corrugated Box Co., which operates in Oregon, Washington and Northern California. Footprint Capital acted as exclusive sell-side advisor. The deal was announced June 2024.
Ourjin (002701.SZ) plans a voluntary conditional cash general offer at HK$7.21 per share to acquire all issued shares of COFCO Packaging (00906), with total consideration capped at HK$6.066 billion (about RMB 5.524 billion). The offer is backed by an irrevocable commitment from shareholder Zhang Wei holding about 22% of the target.
Ebner Group increased its stake in GNA alutech inc. to 100%, completing the full acquisition after a five-year partnership.
Azbil Corporation and Syntegon announced the acquisition of Telstar by Syntegon. A Share Purchase Agreement was signed on June 6, 2024, and the acquisition is subject to regulatory approvals.
Emerson announced it has entered into a definitive agreement to sell its remaining 40% common equity ownership in the Copeland joint venture to private equity funds managed by Blackstone for a transaction value of approximately $3.5 billion. The deal is expected to close in the second half of 2024.
Halma International Limited has divested Hydreka S.A.S., a water monitoring equipment and software provider, to Claire Corporate SAS (Groupe Claire). The transaction was announced on June 6, 2024.
Gonvarri has reached an agreement to acquire all shares of Hidria, becoming the sole owner. The closing is subject to approval by competition authorities.
Transtar Holding Co. has acquired PPi Automotive, a Pittsburgh-based automotive parts wholesale distributor. Terms were not disclosed.
Barnhart Crane and Rigging Co. acquired Canada's NCSG, a crane and heavy haul specialist with 400 employees across eight depots in Alberta, British Columbia, and Saskatchewan. This is Barnhart's largest acquisition to date and its first international one.
Finnish Axopar Group acquired a majority shareholding in Markos Sp. z.o.o., a Polish manufacturer of fibreglass-reinforced composite products for heavy industry, marine, and energy sectors, through its subsidiary AX Composites.
Scott Bader is buying out its joint venture partner GRUPO IMSA to take full ownership of NovaScott Especialidades Quimicas Limitada in Serra, Brazil, which will trade as Scott Bader Brasil as of 5 June 2024. The company anticipates creating 10 additional jobs.
Bray Group Limited, a UK-based manufacturer of medical products, announced its acquisition by Ethos Partners LLP, aiming to support growth and international expansion.
Safran announced that the Italian government approved the sale of Microtecnica S.r.l, which includes Collins Aerospace's actuation and flight control assets in Italy, as part of a broader acquisition. UK clearance has also been received, pending other regulatory approvals.
Italian pump maker Mencarelli Pompe e Valvole has become part of the ASCO group, aiming for production and commercial synergies. Guido Mencarelli remains chairman, and the two companies will exhibit together at Achema in June 2024.
INDUS Holding AG closed its acquisition of COLSON X-Cel, a medium-sized maker of industrial valves based in Rotherham, South Yorkshire, on 5 June 2024. COLSON becomes wholly owned by the INDUS Group.
Sumitomo Electric will acquire a 90% stake in Südkabel GmbH and invest approximately €90 million to expand the Mannheim facility for 525 kV HVDC cable production. The cables will supply Amprion's Korridor B and Rhein-Main-Link projects worth about €3 billion. Announced July 5, 2024.
NXP Semiconductors (Singapore) agreed on June 5, 2024 to acquire a 40% stake in VisionPower Semiconductor Manufacturing, a joint venture with Vanguard International Semiconductor that will build, operate and produce 130nm to 40nm mixed-signal, power management and analog products at a 12-inch wafer fab in Singapore, targeting 55,000 wafers per month by 2029 and creating about 1,500 jobs.
TotalEnergies SE agreed to acquire the West Burton B gas-fired power plant in the UK from EIG Global Energy Partners for an enterprise value of £450 million ($575 million). The plant has a total output of 1.3 GW and includes a small battery storage.