Car Tech, a U.S. stamped auto-body parts manufacturer and subsidiary of Shinyoung Co., Ltd., entered into a definitive business combination agreement with AltEnergy Acquisition Corp to list on NASDAQ. The transaction aims to expand Car Tech's U.S. manufacturing capacity for EV battery-related body parts.
Novaria Group, a manufacturer of specialty components for aerospace and defense, acquired Anillo Industries, a manufacturer of washers, shims, spacers, plain bearings and stampings. Terms were not disclosed.
Kilburn Engineering Ltd (KEL) acquired M E Energy Private Ltd, a waste heat recovery and reutilization systems company, for an aggregate consideration of Rs 98.70 crore (including cash payout of Rs 75.46 crore). The acquisition aims to strengthen KEL's thermal engineering portfolio.
JK Cement has completed the acquisition of 100% stake in Toshali Cements, making it a wholly owned subsidiary. Transfer of mining lease is pending regulatory approvals.
Saint-Gobain has confirmed a non-binding indicative cash offer of A$9 per share to acquire Australian building materials firm CSR Ltd., aiming to enter the Australian market. Due diligence is ongoing.
Tiong Woon Crane and Transport Pte. Ltd., a subsidiary of Tiong Woon Corporation Holding Ltd., completed a cross-border asset acquisition of transportation, heavy haulage, and heavy lifting equipment from Mammoet in Thailand.
MFG Chemical, a portfolio company of Platte River Equity, acquired H.P. Polymers, a specialty and custom manufacturer of complex chemistries.
Dana Inc. has entered a definitive agreement to sell its European hydraulics business to HPI Group, a hydraulics business jointly held by Apogee Group and EiM Capital; completion is expected later.
Corrosion Innovations LLC acquired HoldTight Solutions Inc., a specialty chemical company based in Houston, Texas. The sale closed on February 20, 2024.
BEMAC Corporation, in partnership with Mitsui & Co., Ltd., has acquired 100% of the shares in The Switch Engineering Oy, a Finland-based supplier of special electric machines and high-power converters. The acquisition was finalized on February 21, 2024.
Quebec Pegmatite Corporation completed the acquisition of First Responder Technologies Inc. for CAD 7.9 million in a reverse merger transaction. The resulting entity will be named Quebec Pegmatite Holdings Corp. and continue the business of QPC.
The Competition Commission of India approved Minda Corporation's proposed acquisition of an 8.79% stake in Pricol, an auto component manufacturer. The deal was announced on February 20, 2024.
Acri Capital Acquisition Corporation, a SPAC, entered into a definitive business combination agreement with Foxx Development Inc., a consumer electronics and IoT solutions company. The combined company will list on Nasdaq.
Argosy Healthcare Partners completed a recapitalization and partnership with Command Medical Products, a contract manufacturer of single-use disposable medical devices. The deal was announced on February 20, 2024.
cunova GmbH and SDCL EDGE Acquisition Corporation announced a definitive business combination agreement that will make cunova a publicly listed company on the NYSE. Simultaneously, cunova will acquire KME Group's aerospace specialty metals business. The combined company is expected to have an enterprise value of approximately US$736 million.
Pattyn Packaging Lines has acquired a majority share in Delaere Engineering, a machinery manufacturer specializing in filling lines for big bags and octabins, to expand its packaging solutions portfolio.
Mitsubishi Heavy Industries Air Conditioning Europe (MHIAE) will acquire a stake in Form VRF Sistemleri A.S., forming a joint venture named Form-MHI Klima Sistemleri Sanayi ve Ticaret A.S. in Turkey.
Tiderock Companies signed a Letter of Intent to acquire 90% of UK-based composites manufacturer MTAG Composites for £6.75 million (approx. $8.44 million). The transaction is expected to close by March 31, 2024.
Veolia agreed to acquire a 430MW gas-fired combined-cycle power plant in Gönyű, Hungary from Uniper. The transaction is subject to regulatory approvals expected in H2 2024.
Cloyes Gear & Products acquired Automotive Tensioners Inc. (ATI), a supplier of front-end accessory drive pulleys and tensioners for the automotive aftermarket. Terms were not disclosed.
KME Group announced that its subsidiary KME SE signed a Business Combination Agreement to combine cunova GmbH (special products) and KME Aerospace into a publicly listed entity via SPAC SEDA. KME SE will convert its 45% stake in cunova and receive a majority stake in the combined company plus $20 million cash. Completion expected in Q2 2024.
Motion Industries signed a definitive agreement to buy the operating assets of Perfetto Manufacturing and SER Hydraulics, fluid power companies in Sudbury, Canada, with closing expected at the end of February 2024; terms undisclosed.
Osnabrück-based copper alloy maker cunova agreed a business combination with SPAC SDCL EDGE Acquisition Corp (NYSE: SEDA), listing on the NYSE, while acquiring KME Aerospace from KME Group; combined enterprise value about US$736 million, closing expected Q2 2024.
Welch Packaging acquired Innovative Packaging Solutions, a corrugated manufacturer in York, PA, expanding its footprint into the Mid-Atlantic. Terms were not disclosed.
KME Special Products GmbH & Co. KG agreed to acquire KME Group's aerospace specialty metals business, including cunova and KME Aerospace, from KME Group S.p.A. The enterprise value is approximately 9.4 times cunova's pro forma 2023 Adjusted EBITDA of $78 million.
Cogne Acciai Speciali SpA signed a contract with Salzgitter AG to acquire Mannesmann Stainless Tubes GmbH, including its subsidiaries and operating plants in Germany, France, Italy and the USA. The transaction is subject to regulatory approvals.
Hasa, Inc., a portfolio company of Wind Point Partners, acquired Chem Eleven Products, Inc. and select related assets from its parent company FSTI, Inc. The acquisition bolsters Hasa's production and service footprint in Texas.
CMC, a specialist in tracked aerial platforms, has completed the acquisition of 100% of All Access Equipment Inc, its US dealer.
IMCD has signed an agreement to acquire ResChem, a specialty distribution company in Australia and New Zealand specializing in resins, additives, and pigments for inks, coatings, adhesives, and construction. ResChem generated approximately AUD 25 million in revenue in 2023.
Bridgeport Machine Tool Company was acquired by InCompass, the platform company of Colchester Machine Tool Solutions. Bridgeport will continue as an InCompass brand, pooling knowledge with Colchester.
Jamestown Container Companies agreed to acquire the packaging business of Midwest Box Company in Cleveland, Ohio, effective February 19, 2024. Terms were not disclosed, and Midwest Box will operate as a division of Jamestown Container.
The acquisition of Remazel Engineering S.p.A. by Fincantieri has been completed.
Silvateam S.p.A., a producer of plant-based tannins, has become the new majority owner of wet-green GmbH, a pioneer of patented wet-green technology for Olivenleder, after acquiring the company from MB-Holding GmbH.
Central Moloney Inc. has acquired Cam Tran Manufacturing Co. of Canada, a manufacturer of distribution transformers. Cam Tran has 473 employees across four provinces and is Canada's largest full-line distribution transformer company.
Guldager A/S's Belgian subsidiary Guldager NV has acquired Grünbeck's Belgian subsidiary Grünbeck BVBA, effective January 1, 2024. Grünbeck BVBA is a distributor and service provider of water treatment products for private households in Belgium.
ABB has entered into an agreement to acquire SEAM Group, a provider of energized asset management and advisory services. The acquisition will broaden ABB's Electrification Service portfolio in the US, adding 3,000 customer sites. The transaction is expected to close in Q3 2024.
ITP Aero has completed the acquisition of BP Aero, a Texas-based provider of aircraft engine aftermarket services, following regulatory approvals. This is ITP Aero's first MRO acquisition and its first in the United States.
Handtmann Group acquired automotive supplier Kegelmann Technik, a specialist in prototypes, series, and assemblies based in Rodgau, Germany.
Constantia Flexibles agreed to buy about 57% of Aluflexpack AG from Montana Tech Components and Xoris, and will launch an all-cash public tender offer for the remaining shares, subject to regulatory approval.
Renesas has terminated its memorandum of understanding to acquire Sequans Communications after receiving an adverse Japanese tax ruling. The deal was originally announced in August 2023.
Galleher Industries acquired Fleet Parts & Service Inc., a maker of replacement truck body parts, to broaden its national network and product portfolio for truck body and trailer OEMs and fleet operators.
Jets MRO, a Dallas-based aviation maintenance company, has acquired Florida-based Britt Metal Processing, a repair shop. This is Jets MRO's first acquisition.
Suvema AG and Newemag AG have merged to create TOLUS Group AG, a new Swiss leader in CNC machine tool solutions. The merger combines over 100 years of experience.
OriginClear's subsidiary Water On Demand and Fortune Rise Acquisition Corporation filed a registration statement for a business combination, with a pro forma combined equity valuation of approximately $72 million. The combined company is expected to list on Nasdaq under ticker WODI.
Adaptalift, a provider of forklifts and elevated work platforms, acquired Riverina Lift Trucks, including its materials handling sales, rental, and repair operations.
Ovivo Inc. announced the acquisition of the remaining shares of E2metrix Inc., a Sherbrooke, Quebec-based technology company specializing in electrochemical technologies for destroying PFAS and other contaminants in water and wastewater. Ovivo had previously made a strategic investment and taken an equity stake in E2metrix in 2022.
Henkel signed an agreement to acquire the U.S.-based Seal for Life Industries LLC from Arsenal Capital Partners.
Vilsa mineral water brand takes over the Tetra Pak filling business of Christinen, including the Carat brand and private labels, with about 35 million fillings a year.
Renesas Electronics Corporation has entered into an agreement to acquire Altium Limited, a global leader in electronics design systems, for A$68.50 per share, representing a total equity value of approximately A$9.1 billion.
HB4 Holding, controlled by the Bruno family, has acquired a majority stake in Reinova, an Italian developer of hybrid and electric powertrain components. The deal includes a €4 million capital increase and Reinova's transformation into a joint-stock company.