Kagome Co., Ltd. increased its stake in Ingomar Packing Company from 20% to 70%, making it a majority-owned subsidiary. Ingomar is a major tomato primary processor, ranked 2nd in the US and 4th in the world.
CITCO Water announced the addition of Aulick Chemical Solutions to its family, forming a combined chemical solutions offering for the water and wastewater treatment industry. Aulick is based in Nicholasville, Kentucky.
TeraPlast Group has signed an agreement to acquire the Wolfgang Freiler Group from the Uhl family for €16.53 million. The acquisition includes production facilities in Hungary and a distribution division across Central and Western Europe.
Würth Electrical Wholesale Group acquired 97.31% of TIM S.A., Poland's largest e-commerce platform for electrical wholesaling, through a public tender offer, becoming market leader in electrical wholesaling in Poland.
PORR subsidiary PORR Umwelttechnik GmbH is acquiring 100% of Pannonia Group, which owns 11 million tonnes of gravel resources in Austria, pending competition authority approval.
Daikin UK acquired Robert Heath Heating Ltd, a UK heating service company with around 450 employees, to strengthen its residential heating service network and support the transition to low-carbon heating.
TECHCO Group acquired the assets of insolvent HITZINGER Power Solutions GmbH, securing 120 jobs at the Linz production site. The acquisition expands TECHCO's portfolio in metal processing, electrical engineering, and automation.
Ørsted agreed to acquire Eversource's 50% stake in the 924 MW Sunrise Wind offshore wind farm in New York, becoming sole owner, contingent on regulatory approvals and a successful New York solicitation award.
Macquarie Equipment Finance and Hut 8 Corp. closed the acquisition of four natural-gas-fired generating facilities in Ontario from Validus Power Corp. for approximately C$64.3 million, forming Far North Power Corp. to own the 310 MW of power infrastructure.
AVIC Helicopter Co., Ltd. received approval from the China Securities Regulatory Commission to issue shares to acquire 100% equity of Changhe Aircraft Industries Group and Harbin Aircraft Industry Group, and to raise up to CNY 3 billion in supporting funds. The transaction is part of a helicopter business integration.
SynSense acquired 100% of iniVation's shares to create the SynSense Group, combining neuromorphic processing and vision sensing technologies for markets including consumer electronics, robotics, aerospace, and automotive.
Spanish packaging group Salinas Packaging Group acquired the folding carton activity of Madrid-based Arteos Digital. The deal is part of Salinas's strategic investment plan launched in 2020.
US thermal laminates distributor Nobelus acquired the film division of McKinleys Group, announced on 1 February 2024.
Mondi acquired the Hinton pulp mill in Alberta, Canada, from West Fraser Timber for $5 million, in a deal reported as happening the week before the article.
Em Dip pro team, a Belgrade-based metalworking firm making pressure vessels and metal fabrications, was acquired by Mayekawa Europe in February 2024.
PiovanGroup acquired an additional 1% equity stake in Nu-Vu Conair Private Ltd, bringing its collective holding to 51% and consolidating its position in India's plastics and polymer processing market.
Mauser Packaging Solutions completed the acquisition of substantially all assets of Consolidated Container Company, a maker and reconditioner of industrial containers, on February 1, 2024, for $56 million in cash. The target has facilities in Minneapolis, Minnesota and Kansas City, Kansas.
Ingersoll Rand has completed the all-cash acquisition of Friulair S.r.l., an Italian maker of compressed air dryers and chillers with manufacturing in Italy and Thailand, for approximately $146 million. Friulair has roughly $65 million in revenue and about 215 employees.
HIMA Group, a German provider of safety-related automation solutions, acquired Norwegian technology company Origo Solutions. The agreement was signed on January 8 and effective as of January 31, 2024.
Heraeus Electronics acquired the PriElex electronics inks business line from Kayaku Advanced Materials Inc., effective January 31, 2024, to strengthen its Thick Film business and expand its portfolio for the electronics materials industry.
Coloplast signed an agreement to acquire Kerecis, a company in the biologics wound care segment, for up to USD 1.3 billion, with an upfront cash payment of USD 1.2 billion. Kerecis develops wound care products based on fish skin.
Manitowoc Tool & Machining acquired MVI Machine Company of Kaukauna, Wisconsin. MVI produces parts for mining, power generation, defense, aerospace and oil/gas industries.
Caldey Corporate Finance advised on the sale of Scitech Adhesives Systems Limited to its incumbent management team. The deal transfers ownership of the adhesives and coatings manufacturer to the management team.
PACIV, a provider of industrial process automation and systems integration for pharmaceutical and life sciences manufacturers, has acquired automation engineering firm DSA. PACIV is backed by Blackford Capital.
Swedish industrial group Addtech AB has acquired Danish water technology company Kemic Vandrens A/S in early January 2024. Kemic Vandrens designs waterworks and develops solutions for purifying difficult water, including PFAS/PFOS. The acquisition price was not disclosed.
Blackford Capital, a private equity firm, has acquired Data Science Automation, an automation engineering services and training firm based in Pittsburgh and Cleveland, as an add-on to its PACIV platform.
AGES Industri AB has acquired all shares of A-Tooling AB, a Swedish tool component supplier, for 32 MSEK, paid partly in cash and partly in newly issued shares.
Phoenix-based Sunstate Equipment Co. LLC signed an agreement to purchase the assets and operations of Trench Shore Rentals and Trebor Shoring Rentals in Arizona, California and Texas, with an anticipated close in early 2024.
Grinding machine supplier Koyo Machinery USA will be integrated into JTEKT Machinery Americas, combining product lines and customer support. Koyo's operations will relocate from Plymouth, Mich., to JTEKT's Wixom, Mich., center.
Daikin Air Conditioning UK Ltd., a group company of Daikin Industries, acquired Robert Heath Heating Ltd., a British service company. The acquisition strengthens Daikin's residential heating service network in the UK and is Daikin's largest investment in the UK to date.
Qorvo announced a definitive agreement to acquire Anokiwave, a supplier of silicon ICs for active array antennas for defense, SATCOM and 5G applications. The transaction is expected to close during the March quarter of 2024.
Atlanta Fork Lifts Inc. acquired McGee Storage and Handling, a provider of racking and storage solutions in the material handling industry. The acquisition strengthens Atlanta Fork Lifts' position as a fully integrated material handling solutions provider.
MODIG, a Swedish group, announced the strategic acquisition of LiCON, a German machine tool manufacturer. LiCON joins the group alongside Modig Machine Tool and IBARMIA, in which MODIG holds a significant minority stake.
NPP Packaging Systems Holdings completed its acquisition of Active Packaging Holdings NI Limited on 31 January 2024, with BHSM LLP advising.
Material handling systems integrator Designed Conveyor Systems (DCS) acquired supply chain consulting firm Waller & Associates LLC. The acquisition formalizes an existing partnership.
Exro Technologies will acquire SEA Electric, a California-based electric drivetrain provider, for approximately $402 million Canadian. The transaction is expected to close by end of Q1 2024.
Antalis has signed a binding agreement to acquire Pakella, a packaging distributor and manufacturer with three distribution sites in Latvia, Lithuania and Estonia. The deal is subject to approval by the Latvian competition authority. Pakella has about EUR 15 million turnover and 60 employees.
Kenya's National Cement Company, part of Devki Group, completed the acquisition of a 99.94% stake in Rwanda's Cimerwa Plc for $84.3 million.
Gucon announced that Ronconi, a leader in filling and packaging machines and systems, has become part of Gucon as of January 1, 2024.
Airbus U.S. Space & Defense completed the purchase of Eutelsat OneWeb's 50% share of the Airbus OneWeb Satellites joint venture, making Airbus the sole owner of the satellite manufacturing facility in Merritt Island, Florida.
Mindray announced its intention to acquire control of APT Medical (688617.SH), a Chinese cardiovascular medical device company, for 6.65 billion yuan ($927 million) through a share transfer and voting rights waiver. Mindray will become the largest and controlling shareholder with 24.61% of APT Medical's equity.
Krones has agreed to acquire 100 percent of the Netstal Group from KraussMaffei, with the agreement signed on February 6, 2024 and completion expected in the first half of 2024.
Control Devices, a portfolio company of HBM Holdings, has acquired Gilmore, which designs and manufactures severe service valves and pressure relief systems for the upstream oil and gas industry. Terms were not disclosed.
Israeli bag-in-box maker Aran Group is acquiring a majority stake in IBA Germany, a maker of flexible IBCs based in Luhne, Germany. The deal aims to open new markets and strengthen Aran's presence in Europe.
Mindray Medical will acquire a 21.12% stake in Huite Medical (Shenzhen Huite Medical) for approximately 6.652 billion yuan through its subsidiary Shenmai Holdings. The deal includes an additional 3.49% stake via a partnership.
Konecranes and Cargotec announced the planned high-level operating model and leadership team for their merger, expected to close by end of H1 2022.
Holdim Group acquired 100% of Rail Srl, a designer and manufacturer of injectors and valves for gaseous fuels and biofuels based in Vezzano sul Crostolo, Reggio Emilia. The transaction value was not disclosed.
MXD Process, a leader in process engineering and equipment manufacturing, has acquired Branch Environmental Corporation, a specialist in air and water purification systems based in Somerville, New Jersey.
Solv Metals, a subsidiary of Solv Holdings, acquired Wisconsin Metal Parts and Lean Manufacturing Products, both based in Waukesha, Wisconsin. Financial terms were not disclosed.
Elastofirm B.V. has acquired a majority stake in Silam Siliconas S.A., a specialist in extrusion and compounding of High Consistency Rubber silicone. The partnership aims to expand product offerings and access new markets.