Sibelco announced the signing of a definitive agreement to acquire Strategic Materials, Inc., a leading glass recycler in North America with 42 plants. The transaction is expected to close by end of Q2 or early Q3 2024.
Sandvik has signed an agreement to acquire a 72.4% stake in Suzhou Ahno Precision Cutting Tool Technology Co., Ltd., a Chinese precision cutting tools manufacturer with about 1,200 employees and revenues of CNY 812 million in 2023.
Addev Materials has acquired Secoa, a Dutch distributor of surface treatment products, paints, adhesives, and lubricants, based near Rotterdam. Secoa had 9 employees and €6.7 million revenue in 2023, serving aerospace and defense maintenance.
QMG, part of Nimlas Group, has acquired Rauno Saari Oy, a heating, sanitation and ventilation solutions provider for business premises in the Helsinki region. The acquisition strengthens QMG's service business in the area.
Arla Plast AB has acquired the shares in Nudec S.A., a supplier and manufacturer of extruded sheets in technical plastic materials based near Barcelona, Spain. The purchase price is EUR 9.5 million.
Mutares SE & Co. KGaA has completed the acquisition of a majority stake in Sofinter Group, a leading provider of industrial and utility boilers. Sofinter, with 4 factories in Italy and Romania, generated over EUR 200 million in revenue in 2023 and employs around 680 people.
Prevas has signed an agreement to acquire approximately 92% of the shares in NMAC Group Oy, parent company of Enmac Oy, for EUR 19 million. Enmac has 200 employees and a turnover of EUR 23 million in 2023, operating in energy, industrial automation, and process industry in Finland.
IPS has agreed to acquire assets of ABB's Industrial Services business, including five service centers in the US and Canada employing 114 people. The transaction is expected to close in Q3 2024.
Swedish Contac Solutions has acquired Weka Kabelkonfektion GmbH in Lilienthal, Germany, a manufacturer of cable harnesses with 60 employees and EUR 7.9 million turnover in 2023.
Salasar Techno Engineering Ltd formally took over Kolkata-based EMC Ltd (formerly Electrical Manufacturing Company Ltd) through an e-auction, valued at ₹178 crore. The acquisition was announced on April 23, 2024.
Xenon arc, a technology-enabled channel-to-market leader for specialty producers, acquired Brandt Technologies, a specialty chemical distributor headquartered in the Chicago area. The acquisition was announced on April 22, 2024.
Heritage Distribution Holdings signed an agreement to acquire Young Supply Company, a wholesale commercial refrigeration and HVAC distributor in the Midwestern US, with annual sales of approximately USD 130 million and 18 branches.
Advantech Group has entered exclusive negotiations with AURES Technologies and founder Patrick Cathala to acquire a block of shares and launch a mandatory cash tender offer at €6.31 per share, along with a €5 million convertible bond issuance.
Beijer Ref has signed an agreement to acquire Young Supply, a North American distributor of commercial refrigeration and HVAC based in Detroit, Michigan, with annual sales of approximately SEK 1.4 billion and 18 branches.
Shin-Etsu Chemical has acquired a biomimetic dry adhesion technology from Setex Technologies and will market it under the name ShineGrip for industrial applications. The agreement was announced on April 22, 2024.
COMROD Communication AS has acquired a majority share of Triad RF Systems Inc., a US-based designer and manufacturer of RF/Microwave amplifiers and integrated radio solutions for defense and aerospace.
Ahlsell Norge AS has agreed to acquire all shares in Verktøy-Maskin AS, a Norwegian supplier of power tools and industrial equipment. Closing is expected in June 2024.
Ducab Metals Business (DMB) has acquired GIC Magnet to expand its product portfolio and global presence in copper and aluminum solutions.
Espressif Systems has acquired a majority stake in M5Stack, a provider of modular IoT and embedded system platforms. The deal enhances Espressif's AIoT ecosystem.
Mueller Industries has agreed to acquire Nehring Electrical Works Company for approximately $575 million, plus a $25 million earnout. Nehring produces wire and cable solutions for utility, telecom, and electrical distribution markets, with annual net sales of about $400 million.
Altec has completed its acquisition of Teupen Maschinenbau GmbH, a German designer and manufacturer of backyard aerial devices. The acquisition broadens Altec's global presence and complements its product portfolio for utility, telecom, tree care, and lighting sectors.
HOMAG Group acquired the remaining 20% of shares in Danish engineering company System TM, which provides machines and services for solid wood processing, completing a full takeover.
Manila Water Philippine Ventures signed an SPA to acquire 70% of Equipacific HoldCo Inc., which holds 90% of Laguna Water District Aquatech Resources Corp., for an undisclosed amount. The acquisition expands MWPV's service coverage in Laguna from 21% to 27%.
TSA Process Equipments shared 51% of its stakes with Thermax Group, forming a partnership to drive innovation in high-purity water treatment and process technologies for pharma.
The European Commission approved the acquisition of sole control of Mercedes-Benz CPH A/S of Denmark by Van Mossel Automotive International B.V. of the Netherlands.
Arcline Investment Management completed its all-cash acquisition of Kaman Corporation for approximately $1.8 billion. Kaman shareholders received $46.00 per share, and Kaman's stock was delisted from the NYSE.
Changsha Yingxin Semiconductor Technology Co., Ltd. acquired the remaining 70% and 30% equity of Jiangsu Lianheng Wuyu Technology Co., Ltd. from Weida (China) Co., Ltd. and Jiangsu Hengli Brake Manufacturing Co., Ltd., completing a wholly-owned acquisition. The company also completed an A+ round financing of tens of millions of yuan at a valuation over 1.2 billion yuan.
Heidelberg Materials received regulatory approval from the CMA to acquire Mick George Group, an earthmoving and demolition waste recycling contractor. The deal required divestment of certain quarries and ready-mix concrete businesses.
Nuance Medical announced the acquisition of BIOCORNEUM, a silicone gel scar treatment brand previously owned by Sientra. The brand will become part of Nuance Medical's Biodermis portfolio.
Jessgrove, a family-run supplier of linings and fabrics, completed the acquisition of Cotexva Unión Textil Europea S.A. The merger aims to enhance product portfolio and market presence in Europe, including new stockholding facilities in Valencia and Barcelona.
HPI LLC, a provider of mechanical and field services for turbine maintenance, acquired boiler maintenance specialist Pro Serv Industrial Contractors. The combined company will offer a single-source solution for the power and power production sector.
LyondellBasell and Genox Recycling opened a plastics recycling joint venture in Zhaoqing, Guangdong, China, on April 18, 2024. The plant uses mechanical recycling technology to produce recycled polymers for the Circulen Recover portfolio.
NILIT announced a new joint venture with Shenma Industry Co., Ltd. to build a greenfield production site in Pingdingshan, China, for premium nylon 6.6 yarns. The facility is expected to yield a production capacity of 20,000 tons in the next few years.
HowToRobot and Gain & Co announced a merger to form a global automation market platform and advisory company, operating under the HowToRobot name. The merger is accompanied by a significant investment from Sagitta Ventures, which will take a board seat.
Midea Electrics Netherlands B.V., a subsidiary of Midea Group, will acquire the Climate Division of SIX-listed Arbonia AG for an enterprise value of EUR 760 million. The division will be combined with Midea's Clivet Group to create a European leader in climate solutions.
Fortifi Food Processing Solutions acquired Nothum Food Processing Systems, a designer and manufacturer of batter, tempura, breading and frying lines for protein processing. Nothum is based in Springfield, Missouri.
StatLab Medical Products announced the acquisition of Poly Scientific R&D, a manufacturer and supplier of pathology stains, reagents, and paraffin for anatomic pathology laboratories, including its division Histology Control Systems.
Fortifi has signed a definitive agreement to acquire LIMA France, a supplier of meat-bone separators, deboners and grinders-desinewers, expected to close in the first half of 2024.
Cementos Molins has agreed to acquire 100% of Calucem from Fondo Ambienta SGR SpA for EUR 150 million, making it the world's second largest producer of calcium aluminate cement.
Cementos Molins, through its subsidiary Precon, has acquired 100% of Molins Prenavisa, a precast concrete structures company, from Kartesia. The acquisition includes three factories in Spain and will strengthen Cementos Molins' presence in Spain, France, and Portugal.
INGVALD Christensen A/S, a Danish slaughterhouse machinery supplier, has acquired all assets and activities of A/S Conserves-Teknik, a provider of food processing equipment including vacuum fillers and clipping machines. The acquisition will take effect on May 31, 2024.
Rehrig Pacific, a logistics and material handling solutions company, has acquired QTEK Design, a provider of pallet splitting, exchanging, and dispensing machines. The acquisition aims to enhance automation and efficiency in warehouse operations.
Berry Global will spin off and merge its Health, Hygiene and Specialties segment (including Global Nonwovens and Films) with Glatfelter in a Reverse Morris Trust transaction. The combined company will have revenues of $3.6 billion and is expected to close in the second half of 2024.
Netform, a Torque Capital Group portfolio company, completed its merger with Vickers Engineering Inc., a provider of precision machined metal components for automotive and industrial markets based in New Troy, Michigan.
AYRTAC Group announced a strategic partnership and integration of EASYTECH, an Italian manufacturer of packaging machinery for the food industry. The merger expands AYRTAC's product portfolio in glass and plastic packaging machinery.
Anguil Environmental Systems formed Anguil Industrial to acquire Young & Bertke Air Systems Company, a mechanical contractor in Cincinnati, Ohio. The acquisition is effective immediately and enhances both companies' offerings in environmental systems and mechanical contracting.
CIAK Grupa, through its subsidiary C.I.A.K. Auto, agreed to purchase STAHLGRUBER Trgovina in Slovenia and SIM IMPEX in Bosnia from LKQ Europe. The acquisition of STAHLGRUBER Trgovina has been finalized, while the purchase of SIM IMPEX is pending regulatory approval.
Optimarin AS agreed to acquire the Hyde Marine UV business from Industrie De Nora S.p.A., including technologies, trademarks, and assets for ballast water treatment and disinfection systems under the Hyde Marine and Hyde Guardian brands.
Klubb, in partnership with Yano of Japan, acquired the refuelling equipment division of France's Titan Aviation, renamed Titan Aero. The deal includes 180 employees, plants in Arnas and Aix-en-Provence, and a small operation in India.
URMA AG will take over the Swiss-wide sales and service of EMCO CNC machine tools from May 1, 2024, integrating employees from argonag AG and EMCO Werkzeugmaschinen AG (Switzerland) at its headquarters in Rupperswil. This expands URMA's machine portfolio.