MAIT Gruppe has acquired ISAP AG, a specialist in digitalization of product development for manufacturing companies. The deal adds about 110 experts, 1,500 customers, and five locations in Germany.
BAKO AS, part of Orkla Food Ingredients, signed and completed the purchase of 70% of Kartonage AS, a family-run cardboard packaging and serving solutions maker in Heimdal, Trondheim; the price was not disclosed.
CCL Industries signed a binding agreement to acquire the remaining 50% stake in its Middle East joint venture Pacman-CCL from partner Albwardy Investment, with closing expected in summer 2024.
Deleum Bhd's subsidiary signed a share purchase agreement to acquire a 70% stake in PT OSA Industries Indonesia, a valve distributor and Baker Hughes valve channel partner, for US$7 million.
The Heico Companies completed its acquisition of Versatile Mold and Design, Inc., a Rutledge, Georgia-based designer and builder of high-precision molds for thermoplastic and thermoset materials. Versatile will complement Davies Molding within Heico's Industrial Technologies Group.
Hydro-Québec exercised its put option to sell its remaining 45% interest in Dana TM4 to Dana Incorporated. The transaction value is to be determined based on fair market value.
Platinum Equity has become the majority owner of Kohler Energy, a separate company established from Kohler's generator division. Kohler Company remains an investment partner. The deal value was not disclosed.
Wisconsin Aluminum Foundry (WAF) acquired ATEK Metal Technologies, an Iowa-based manufacturer of complex aluminum castings for aerospace, trucking, and defense industries.
Ontex Group NV agreed to sell its Pakistan operations, including a factory and business, to ASAIA Holding FZ. The transaction is part of Ontex's strategy to divest emerging market businesses.
Big Tree Cloud International Group, a Chinese personal care products company, signed a definitive merger agreement with SPAC Plutonian Acquisition. The combined entity will operate as Big Tree Cloud Holdings Limited and trade on Nasdaq.
Clean Solutions Group, a producer of nonwoven filtration media, is acquiring HDK Industries, a producer of self-supporting media for air filtration, liquid filtration and specialty medical materials. HDK will be merged into the Fibrix Filtration brand.
Essity completed the divestiture of its 51.59% stake in Vinda International to Isola Castle Ltd, a subsidiary of APRIL Group, at HK$23.50 per share. The total consideration was up to HK$26.1 billion.
Ansell has agreed to acquire 100% of Kimberly-Clark's Personal Protective Equipment business (KCPPE) for $640 million. The acquisition, expected to close in September 2024, includes gloves, protective clothing and safety eyewear brands Kimtech and KleenGuard.
Shandong NewJF Technology Packaging, through its subsidiary Jingfeng Holding, has made a voluntary offer to acquire all shares of Hong Kong-listed Greatview Aseptic Packaging at HK$2.65 per share, totaling HK$2.729 billion.
Mills, Brazil's largest rental company, agreed to acquire JM Emphilhadeiras, a forklift rental company with over 1,900 machines, for R$279.5 million (€50 million).
Wipro Infrastructure Engineering's Hydraulics Business has entered into a definitive agreement to acquire Mailhot Industries, a North American leader in hydraulic cylinder manufacturing headquartered in Quebec, Canada. The acquisition also includes JARP Industries.
Dorf Ketal Chemicals India has acquired Texas-based Impact Fluid Solutions, a provider of downhole fluid additives for industrial drilling, which had a turnover of $60 million in 2023. The acquisition is subject to regulatory approvals.
TENTE Casters, Inc. has acquired Darcor Limited, a Canadian manufacturer of ergonomic caster solutions. The acquisition unites two leaders in the mobility solutions sector.
Kelvin Group, through its RD&S business unit, acquired Dahms Refrigeration Services (DRS), a regional industrial and commercial refrigeration services provider based in Norristown, Pennsylvania. This is Kelvin's eleventh acquisition since partnering with Southfield Capital.
Industrial Inspection & Analysis (IIA) acquired Aerial & Crane Experts, Inc. (ACE), based in Sonora, California, effective May 6, 2024. ACE joins IIA's Lift and Crane Services division.
Nippon Leakless Corporation and its Indian subsidiary Leakless Gasket India Private Limited purchased the 40% shareholding held by Talbros Automotive Components Limited in Nippon Leakless Talbros Private Limited, gaining full ownership.
Tetra Tech, Inc. acquired Convergence Controls & Engineering, LLC on May 9, 2024. Convergence is joining Tetra Tech's Government Services Group.
Wipro Hydraulics signed a definitive agreement to acquire the assets of Canada-based Mailhot Industries, including its JARP Industries unit, a maker of hydraulic cylinders for refuse trucks and snow removal equipment; financial terms were not disclosed.
Tri-Tech Forensics, Inc. acquired SAM Medical, a provider of medical devices and trauma care solutions including tourniquets, splints, and intraosseous access systems.
Finnish elevator company KONE has acquired the service business of Orbitz Elevators in Australia and all lines of its business in New Zealand for an undisclosed sum. The acquisition excludes Orbitz Elevators Papua New Guinea and the vertical projects business.
Renesas Electronics has agreed to acquire electronics design firm Altium Limited for $5.9 billion in cash. The acquisition aims to provide digital device design to customers.
Danobat, a Spanish machine tool manufacturer, has acquired Delta Wheel Truing Solutions, a US company specializing in rail wheel re-profiling equipment. The acquisition was announced on May 8, 2024, with the agreement signed at Delta's headquarters in Escanaba, Michigan.
PT Chandra Asri Pacific Tbk (TPIA) and Glencore PLC, through joint venture CAPGC Pte. Ltd., have signed an agreement to acquire Shell Singapore's entire stake in Shell Energy and Chemicals Park Singapore, including a 237,000 bpd refinery and a 1.1 million metric ton per year ethylene cracker.
KKVB Group, parent company of German OEM TEKO, has acquired Vitalis, a Canadian manufacturer of CO2 heating and refrigeration equipment, including chillers and heat pumps for commercial, industrial and district energy applications.
Mitsui & Co., through its subsidiary Aptella, has acquired the positioning distribution and paving consultancy business of Synergy Group, making Aptella the largest positioning and automation solutions provider in Oceania.
Hankook Tire & Technology has decided to acquire a 50.53% stake in Hanon Systems, a global automotive thermal energy management company, from Hahn & Company and through a rights offering, for a total of KRW 1.733 trillion. The acquisition is expected to close by the end of 2024.
Progroup has taken over the Sappi Stockstadt GmbH site in Stockstadt am Main and plans a state-of-the-art corrugated base paper plant with around 200 jobs by the end of the decade. Dismantling of the old Sappi plant is expected to finish by the end of 2026.
Oshkosh Corporation signed a definitive agreement to acquire AUSACORP S.L., a privately held Spanish manufacturer of wheeled dumpers, rough terrain forklifts and telehandlers, which will join its Access segment. Closing is expected within 90 days. No deal value was disclosed.
Miura Co., Ltd. became the sole shareholder of CERTUSS Dampfautomaten GmbH & Co. KG. The transaction strengthens CERTUSS's international position and secures Miura's long-term position in the European market.
Samsung Medison, a medical device unit of Samsung Electronics, plans to acquire Sonio, a Paris-based AI ultrasound software startup, for about $92.7 million.
Terumo Corporation has entered into a definitive agreement to acquire all outstanding shares of OrganOx Limited, a medical technology company specializing in organ preservation devices, for approximately $1.5 billion.
Minera Alamos announced merger agreements between its Mexican subsidiary and Minera Gold Copper de Sonora, giving Minera Alamos 50% ownership of the combined entity, which will own the Los Verdes, Potreritos, and Suaqui Verde copper projects in Mexico.
W Investments Group II L.P., in partnership with Desjardins Capital, acquired Groupe BFL, a Quebec leader in design and manufacturing of high-efficiency recovery, heating, and ventilation systems, along with its subsidiaries Bousquet Technologies and Nagas Innovation.
Indutrade has signed an agreement to acquire all shares in Swedish company LYFTonline Sverige AB, a technical trading company offering lifting equipment and components to the Nordic market.
Power Integrations announced an agreement to acquire the assets of Odyssey Semiconductor Technologies, a developer of vertical gallium-nitride transistor technology. The transaction is expected to close in July 2024.
B.Grimm Power Public Company Limited, through its subsidiary B.Grimm Power Service Limited, acquired 100% membership interest in BGP Holding (US) LLC, a newly incorporated Delaware company, for USD 100 million. The acquisition makes BGP Holding (US) LLC a holding company for B.Grimm Power's US operations.
Airbus has completed the acquisition of U.S.-based Aerovel, the developer of the Flexrotor unmanned aerial system, to strengthen its tactical unmanned solutions portfolio. Aerovel employs over 30 people and will continue operations in Bingen, Washington.
SACMI Group announced the sale of its Beverage Business Unit, a maker of beverage filling, stretch-blowing and labeling systems, to Omnia Technologies; the deal is expected to close by the end of summer 2024.
Mauser Packaging Solutions, through subsidiary BWAY Corporation, completed the acquisition of 100% of the voting shares of Taenza, S.A. de C.V., a Mexican manufacturer of tin-steel cans and steel pails.
UDOR S.p.A. has become majority shareholder of British high-pressure pump maker Hughes Pumps Ltd. The deal adds Hughes products to UDOR's pump range covering 1 to 500 HP and 20 to 2800 bar.
Hologic, Inc. has signed a definitive agreement to acquire Endomagnetics Ltd, a developer of breast cancer surgery technologies, for approximately $310 million. Endomag generated about $35 million in revenue in 2023.
Vaski Group Oy acquired Pivatic Oy, a Finnish manufacturer of coil-fed punching and bending lines. Combined sales exceed 25 million euros with 100 staff. The deal enhances Vaski's coil-fed systems business.
Manitou Group has agreed to acquire the assets of its South African dealer Dezzo Equipment. The deal is expected to finalize in Q3 2024, pending regulatory approval.
Alcon, a Swiss-American ophthalmology firm, has agreed to acquire Israeli glaucoma treatment company Belkin Vision for a total potential sum of $335 million, including an initial payment of $60 million and additional milestone payments.
Applied Industrial Technologies announced the closing of its acquisition of Grupo Kopar, a provider of automation technologies based in Monterrey, Mexico. The acquisition closed on May 1, 2024.