Hitachi Industrial Equipment Systems will acquire Mitsubishi Electric's distribution transformer business, including the Nagoya plant. The transfer will begin in October 2024 and is expected to be completed by April 1, 2026.

The Silmax Group announced a strategic alliance with August Rüggeberg GmbH & Co. KG (PFERD-Werkzeuge), which acquired a majority stake in Silmax. Silmax will continue to operate from Lanzo, Italy, with its CEO remaining as an important shareholder.

Motion has announced a definitive agreement to acquire Allied Circuits, an electrical and automation product manufacturer based in Buffalo, New York. The deal is expected to close by the end of the month.

Eaton, an intelligent power management company, acquired Exertherm, a provider of thermal monitoring solutions for electrical equipment. The deal value was not disclosed.

Siemens Energy has put the India wind turbine unit of its subsidiary Siemens Gamesa Renewable Energy up for sale. The business has annual revenue of 700 million and is valued at 1.5 billion.

EveryBot, known for robotic mop cleaners, has acquired AI robotics company Highcore to expand into personal mobility, including AI-driven electric wheelchairs.

Yageo Corp plans to acquire a 20.23% stake in power management chip designer uPI Semiconductor Corp for up to NT$5.31 billion (US$164.6 million) via a private placement, becoming the largest single stakeholder.

Uno Minda Limited acquired a 1.97% stake in Toyoda Gosei Minda India Private Limited from Minda Investments Ltd for ₹16,97,53,500, strengthening its existing partnership.

ACTIA Aerospace, a division of ACTIA Group, has integrated STEEL Electronique, a player in the space industry, to consolidate its position in on-board electronics for space and aeronautics markets.

Syre, a textile recycling company, acquired North Carolina-based Premirr Plastics and announced a $100 million Series A funding round led by TPG Rise Climate. The acquisition integrates Premirr's polyester recycling technology.

Epiroc agreed to acquire ACB+, a French manufacturer of excavator attachments and quick couplers for the construction industry. ACB+ is based in Saint Lager, France, with revenues of about MSEK 365 and 140 employees.

The Bangladesh Securities and Exchange Commission approved the acquisition of Mithun Knitting and Dyeing (now Toyo Knitex) by Chinese courier company Destination Express International DEX-I Limited. The takeover must be completed within a month.

The European Commission approved Haier Smart Home's acquisition of Carrier Commercial Refrigeration for $775 million. The deal is expected to close in the second half of 2024.

IPS Weld-On acquired E-Z Weld, a manufacturer of solvent cements, primers, and cleaners based in Riviera Beach, Florida, serving retailers and plumbing wholesalers in the US and exporting to over 50 countries.

LS Electric's board approved a 59.2 billion KRW investment to acquire a 51% stake in KOC Jeongi, a South Korean transformer manufacturer, to expand ultra-high voltage transformer capacity and target the global power infrastructure market.

Boccard entered exclusive discussions with Altawest group to acquire Leroux & Lotz Technologies, an industrial boiler manufacturer, aiming to create a European leader in renewable thermal energy.

IPS acquired Houghton International, a UK-based electromechanical services provider, marking IPS's platform entry into European markets. Financial details were not disclosed.

Mitsubishi Electric will acquire an 80% stake in Fuji Bakelite Vietnam Co., Ltd. to form a joint venture named Mitsubishi Electric FP Automation Vietnam Co., Ltd., effective June 1, 2024, with production of air circuit breakers starting January 2025.

SPG, backed by Altamont Capital, has acquired Clark Foam, a packaging firm. SPG is a provider of protective packaging products. Deal value was not disclosed.

Bangkok Glass, BG Container Glass and Singha acquired a combined 25.1% stake in Bangkok Can Manufacturing from Toyo Seikan in a deal valued at over THB 499 million.

TransDigm Group Incorporated completed the acquisition of SEI Industries LTD, a provider of aerial firefighting products like the Bambi Bucket, headquartered in Delta, British Columbia.

PHINMA Corp, through its subsidiary Philcement Corp, signed a purchase agreement on May 20, 2024 to acquire Petra Cement Inc for PHP500 million (US$8.6 million). Philcement will operate Petra Cement's 0.5Mta plant in Zamboanga del Norte, serving the northern Mindanao market.

Buzzi SpA received notification of the exercise of a put option by Grupo Ricardo Brennand for its 50% stake in NCPAR (formerly BCPAR), the joint venture through which Buzzi operates in Brazil. Buzzi will acquire 100% control of NCPAR, which owns five integrated cement plants and two grinding centres with over 7.2 million tpy capacity. The transaction is subject to CADE approval and is expected to close by end of fiscal year.

DuPont announced a plan to separate into three distinct, publicly traded companies: Electronics, Water, and New DuPont (a diversified industrial company). The separations are intended to be tax-free to shareholders.

Mitsubishi & Co. has decided to subscribe to a third-party allocation of new shares by Okamoto Machine Tool Works, Ltd., acquiring a 30% voting stake for 9.8 billion yen, making Okamoto an equity-method associated company. A capital and business alliance agreement was concluded on May 22, 2024.

White Cap, a distributor of specialty construction supplies, has acquired WWJ Rebar, a provider of customized reinforcing steel solutions based in Aiken, South Carolina, serving projects across Georgia and South Carolina.

Eastern Metal Supply, a portfolio company of Wynnchurch Capital, has acquired Eagle Metal Distributors, an Orlando-based distributor of aluminum products and patio screens. Eagle was founded in 2004.

Grundfos has agreed to acquire Culligan's Commercial & Industrial business in Italy, France and the UK. The acquired business is headquartered in Bologna, Italy, has around 400 employees, and had a 2023 turnover of more than EUR 100 million.

Gores Holdings V entered a business combination with Ardagh Metal Packaging, which will become a standalone listed company. Ardagh Group will still own about 82% after the deal.

DS Smith is set to sell its De Hoop paper mill in the Netherlands to corrugated packaging supplier De Jong Packaging for GBP43m (US$59m).

Mondi bought 90.38% of Turkish corrugated packaging company Olmuksan, following its earlier plan to acquire the shares from International Paper for US$80.6m.

Kenya's Competition Authority approved Ramco Plexus's acquisition of Platinum Packaging, a flexible packaging film maker jointly owned by Ramco Group and Carton Manufacturers. Ramco Plexus will pay Carton about KES500m (US$4.27m) for its 50% stake.

Vancouver-headquartered Wildpack Beverage agreed to acquire Michigan-based Land & Sea Packaging for US$37.3 million, with all employees transferring to Wildpack. Land & Sea brokers about 90 million aluminium cans a year.

Hengst acquired Main Filter, a manufacturer of hydraulic filters with locations in Sault Ste. Marie, Ontario, and Lincolnton, North Carolina.

Truelink Capital agreed to acquire Johnson Controls' Air Distribution Technologies business, including brands like Koch Filter, Titus, Ruskin, and others. The transaction is expected to close in the second half of 2024.

CoBeverage Lab, majority-owned by The Juicy Group, acquired 100% of APA Processing, a high-pressure processing technology company, from Noel Alimentaria. The deal integrates the production chain at the Barcelona facility.

ModuleWorks, a provider of toolpath generation and simulation technology, announced the acquisition of Celeritive Technologies, developer of VoluMill, on May 21, 2024.

WinTech of Missouri has acquired Pocahontas Aluminum Company, a window and door manufacturer based in Pocahontas, Arkansas. The company will continue to operate under its existing brand.

HDT Automotive Solutions has agreed to acquire the majority of the business of Veritas AG, an automotive supplier based in Gelnhausen, Germany. The acquisition includes Veritas' headquarters, technical center, and manufacturing operations in Germany, Austria, Bosnia-Herzegovina, Hungary, and Mexico.

Stockmeier Chemie GmbH & Co. KG has acquired a majority stake in Vesta Chemicals, a Dutch distributor of fine and specialty chemicals based in Zwolle. The acquisition is retroactive to January 1, 2024, and aims to expand STOCKMEIER's specialty chemicals business in Europe.

Fedrigoni has agreed to acquire a majority stake in POLI-TAPE Group, a German producer of materials for graphic applications including textile, signage, and digital printing. The acquisition aims to expand Fedrigoni's self-adhesive materials portfolio and manufacturing capabilities.

General Filter S.p.A. acquired a 30% stake in Kaarinan Suodatintekniika Oy (KS), a Finnish air filtration company, with an option to buy the remaining shares by 2027.

Balu Forge Industries Limited (BFIL) announced the acquisition of three forging lines (hammers and presses) capable of producing 72,000 tonnes per annum of heavy forged products. The lines will be integrated into its upcoming manufacturing campus in Belagavi, Karnataka.

Central Moloney, Inc. (CMI), a portfolio company of Wind Point Partners, acquired Cam Tran Co. Ltd., the largest Canadian manufacturer of distribution transformers. The combined company will employ about 1,000 people and operate eight facilities across North America.

French packaging distributor Antalis signed a binding agreement to acquire Pakella, a packaging distributor and manufacturer in Latvia, Lithuania and Estonia with EUR 15 million turnover in 2023. The deal is subject to approval by the Latvian competition authority.

Resinas Olot (Resol), a Spanish outdoor furniture manufacturer, acquired Sert Plàstics and Plastisert-Form, two Catalan plastic injection companies. The acquisition expands Resol's plastic injection equipment park by 50% and adds 40 employees.

Resinas Olot (Resol) acquired Sert Plàstics SA and Plastisert-Form S.A., both with a production plant in Castellbisbal, Spain. The acquisition increases Resol's plastic injection machine park by 50% and adds about 40 employees.

Cornerstone Foodservice Group (CFG) acquired Equipex, a manufacturer of cooking, holding, induction, ventless hood and display equipment. The acquisition includes SA Vents and Equipex will continue to operate from its facility in Providence, Rhode Island.

Epta completed the integration of Viessmann Refrigeration Solutions commercial business for central and northern Europe into a new joint venture, branded as Epta Central North Europe, now in operation as of May 2024. Epta holds a 70% stake.

Aluminium fabricator EDMO has been acquired by the Amari Metals Engineering Group (AMEG), adding aluminium services and sector expertise to the group.