Sumitomo Electric acquired a 90% stake in German high-voltage cable manufacturer Südkabel from the Wilms Group. The acquisition will support the manufacturing of 525 kV HVDC cables for two major projects awarded by Amprion, with a total value exceeding €3 billion.
Famak S.A. acquired ZAMET Budowa Maszyn S.A., effective June 1, 2024, making it part of a group including Famak and Fugo.
TASKA Prosthetics, a myoelectric multi-articulating hand company, has been acquired by Eqwal Group. The acquisition strengthens Eqwal's position in the global upper limb prosthetics market.
Mutares SE & Co. KGaA has signed an agreement to acquire fischer automotive systems GmbH & Co. KG from fischerwerke GmbH & Co. KG. The transaction is expected to close by the end of July 2024, subject to regulatory approvals.
Yokogawa Electric Corporation acquired BaxEnergy, a provider of renewable energy management solutions (REMS) with proven results across 120 GW+ of renewable energy operations in over 40 countries. The acquisition value was not disclosed.
CANPACK S.A. plans to absorb its direct shareholder Giorgi International Holdings S.A. R.L. of Luxembourg by the end of 2024. After the merger, CANPACK Group Inc. of the United States will become a direct shareholder of CANPACK S.A.
Nexans completed the acquisition of La Triveneta Cavi, an Italian manufacturer of medium- and low-voltage cables, for an enterprise value of about €520 million. The deal expands Nexans' electrification business in Europe.
Parallel Ag, an AGCO dealership, merged with A.C. McCartney Equipment, including its five locations in Illinois. The merger was announced on June 4, 2024.
US investment firm MIRI Group announced it will acquire NC Holdings, a major conveyor belt manufacturer, through a tender offer to purchase all shares. NC Holdings has agreed to the tender offer and will be delisted.
Holcim completed the acquisition of Land Recovery, a UK supplier of recycled construction materials, expanding its circular construction capabilities. Land Recovery recycles over 300,000 tons of materials annually and has 85 employees across four UK facilities.
Weichai Power completed the acquisition of a 25% stake in KION Group for €467 million and a 70% majority stake in Linde Hydraulic for €271 million, totaling €738 million. The transaction closed on June 27, 2012 in Wiesbaden, Germany.
AFC Industries has acquired Meg Technologies Inc. (MTI), a distributor of fasteners to the aerospace industry. The terms of the transaction were not disclosed.
Sandvik has acquired PDQ Workholding LLC, a US-based company specializing in custom workholding fixtures and tooling for aerospace, automotive, and energy industries. PDQ will be reported in the Walter division within Sandvik Manufacturing and Machining Solutions.
Amplex AB has acquired 95% of the share capital of Irish lifting and material handling provider Lift Rite Ltd. from founding shareholders Mark and Mary Dardis. Lift Rite will become part of the Pronomic Group.
Russel Metals has received a no-action letter from the Canadian Competition Bureau for its previously announced acquisition of seven service center locations from Samuel, Son & Co., Limited. The transaction is expected to close in Q3 2024.
Two Dayton-area mixer manufacturers, Peerless Food Equipment and Shaffer Manufacturing, are in the final stages of merging under the name Coperion, a Hillenbrand company. All operations are being consolidated at Peerless's Sidney, Ohio facility, combining both businesses under one roof.
Equistone Partners Europe and management sold Acces Industrie, a French aerial work platform rental company, to Delmas Investissements et Participations. Acces Industrie has €140 million revenue and over 40 agencies.
Forankra Group, part of Axel Johnson International, has acquired J2Servid S.L., a Spanish provider of one-way-securing products for the transportation and industry sector. The acquisition positions Forankra as the second largest player in the OWS market in Spain.
Zero Industry srl, owner of the outdoor brand rh+, has acquired Rosti Maglificio Sportivo, a Bergamo-based sportswear manufacturer, to strengthen its cycling market offering. Zero Industry is controlled by Carisma holding.
Wilkie Technical Textiles, a Scotland-based industrial materials company, has acquired certain product lines and an option to purchase a production facility from Bradford Shawsheen Coating Technologies (BSCT) in Lowell, Massachusetts. The transaction marks Wilkie's expansion into the United States.
SigmaRoc has entered into a share purchase agreement to acquire the Polish lime operations of CRH for a deferred consideration of €100 million. The deal is conditional on clearance from the Polish Competition Office and is expected to close by the end of September 2024.
Walter has completed the acquisition of PDQ Workholding LLC, a US-based company specializing in workholding fixtures and tooling for industries including automotive and general engineering. PDQ operates from two manufacturing sites in Indiana and Wisconsin.
Mutares SE & Co. KGaA signed an agreement to acquire Cikautxo Rubber & Plastic Components (Kunshan) Co., Ltd. from CIKAUTXO S.COOP. The company will join the SFC Group, part of Amaneos.
Smurfit Kappa signed an agreement to acquire Artemis Ltd., a Bag-in-Box packaging plant in Shumen, Bulgaria, that makes bags, films and caps for food and beverage packaging. The deal expands its presence in Eastern Europe.
Saint-Gobain has entered into a definitive agreement to acquire Fosroc, a global construction chemicals player with strong presence in India, Middle East and Asia-Pacific. The purchase price is approximately 11.3x Fosroc's 2024E EBITDA of $91 million. Closing expected in first-half 2025.
Kalray and Pliops entered exclusive negotiations to merge, creating a global leader in data accelerators for AI and storage acceleration. The merger will be executed through a share exchange with Kalray shareholders retaining majority control.
Martin Deerline and Agland announced they will merge operations effective July 31, 2024, rebranding as Horizon Ag and Turf. Cam Kay will serve as CEO of the new entity.
Hawkins, Inc. completed the acquisition of the assets of Intercoastal Trading, Inc., a distributor of water treatment chemicals and equipment serving Maryland, Delaware, and Virginia.
Aggregate Industries UK, a member of the Holcim Group, has acquired Land Recovery, a leading supplier of primary and recycled construction materials. Land Recovery has four sites and employs 85 people plus 18 contractors.
Edwards Lifesciences has agreed to sell its critical care products unit to Becton Dickinson in an all-cash deal valued at $4.2 billion. The unit develops and sells advanced blood and heart monitoring systems used in surgical and intensive care settings.
Addtech Energy, a business area in the Addtech Group, has signed an agreement to acquire 100% of the shares of Nuova Elettromeccanica Sud S.p.A. (NES), a developer and manufacturer of equipment for electric transmission lines and substations based in Rome, Italy.
Yokogawa Electric Corporation has completed the acquisition of Adept Fluidyne Pvt. Ltd., one of the largest Indian manufacturers of magnetic flowmeters. The acquisition enables local production of Yokogawa technology in India. Financial terms were not disclosed.
RDO Equipment Co. has finalized the acquisition of Rocky Mountain Transit & Laser, expanding its construction technology solutions. The acquisition was announced on June 3, 2024.
Saint-Gobain North America has completed its acquisition of The Bailey Group of Companies, which includes Bailey Metal Products, Bailey Metal Processing, and Agway Metals. The deal was announced on June 3, 2024.
Valens Semiconductor announced the acquisition of Acroname, a company specializing in advanced automation and control technologies. The acquisition bolsters Valens' USB offering for the industrial market, combining Valens' USB extension chipsets with Acroname's programmable USB hubs and switches.
Deep Blue Midland Basin LLC, a joint venture between Diamondback Energy and Five Point Energy, acquired Lagoon Operating – Midland, LLC. The acquisition adds approximately 105 miles of pipeline and 240,000 bpd of disposal capacity in Martin County, Texas.
Econox, a supplier of air treatment systems, announced the acquisition of MaxiCool, a supplier of air conditioning and heat pumps in the Dutch and Belgian markets. The combined company has over 150 employees and EUR 80 million turnover.
Stryker announced a definitive agreement to acquire all shares of Artelon, a company specializing in soft tissue fixation products for foot and ankle and sports medicine procedures. The acquisition strengthens Stryker's offerings in the soft tissue fixation segment.
BD (Becton, Dickinson and Company) has signed a definitive agreement to acquire Edwards Lifesciences' Critical Care product group for $4.2 billion in cash. Critical Care is a leader in advanced patient monitoring solutions.
Welch Packaging, a custom corrugated products manufacturer, acquired Michcor Container Inc., a corrugated box manufacturer in Grand Rapids, Michigan, founded in 1981. Specific terms were not disclosed. The announcement was made on 2024-06-03.
Interpump Group acquired 100% of the capital of Italian valve maker Alfa Valvole Srl from U.S.-based IDEX Corporation for a total price of EUR55 million. Alfa Valvole generated about EUR28 million in sales in 2023. The deal was announced on 2024-06-03.
Ingersoll Rand acquired Complete Air and Power Solutions (CAPS) of Australia, which provides compressed air and power generation services, as part of a combined roughly $150 million deal for four companies.
Ingersoll Rand acquired Del PD Pumps & Gear Pvt Ltd of India, a maker of rotary, twin and triple gear pumps, as part of a combined roughly $150 million deal for four companies.
Ingersoll Rand closed its previously announced acquisition of ILC Dover, a life-science single-use solutions maker, with an upfront cash price of about $2.325 billion, from New Mountain Capital.
Italian TSO Terna signed an agreement with utility Acea to acquire high-voltage grid assets in Rome, including lines, substation components, and a fiber optic network, to be transferred to a new company NewCo under Terna.
Mindful Capital Partners, through its portfolio company Selematic, has acquired 100% of Miele, an Italian manufacturer of automated packaging machines for food, chemical, and pharmaceutical industries. The combined group aims to create an integrated packaging hub with nearly €30 million in revenue.
Helanis AG has acquired the Schaltag Group (including Schaltag AG and Schaltag CZ s.r.o.) and PAVIS Engineering GmbH (including PAVIS Engineering Ibérica SL), a leading supplier of electrical cabinets, electro-mechanical systems, and automation solutions. The acquisition includes all employees and customer/supplier relationships.
Trotter & Morton Group of Companies has become the majority owner of Fred Welsh Ltd. in British Columbia, following a joint venture partnership that began in 2019.
FieldComm Group has completed the acquisition of FDT Group's assets, including the FDT/DTM technology standards, to enhance industrial device integration capabilities across process and factory automation markets.
Sonoco agreed to purchase metal packaging maker Eviosys from KPS Capital Partners for $3.9 billion, creating a leading global metal food can and aerosol packaging business. Eviosys is expected to generate about $2.5 billion in 2024 revenue.