Wise Equity, through its fund Wisequity VI, acquired a majority stake (around 70%) in Mep, a leader in machinery for steel bar processing based in Reana del Rojale, Italy. Founder Giorgio Del Fabro retains about 30%.
Automated Equipment Holding Company LLC (AEH), a portfolio company of MSouth Equity Partners, acquired Rethceif Packaging LLC, a manufacturer of automated form-fill-seal packaging and robotic palletizing equipment based in Ossian, Indiana.
Boeing has acquired Aerospace Composites Malaysia Sdn Bhd (ACM), making it Boeing's first wholly-owned manufacturing facility in Southeast Asia. ACM was previously a joint venture with Hexcel Corp. ACM supplies composite products for all current Boeing commercial airplanes.
John Bean Technologies (JBT) Corp. announced a voluntary takeover offer to acquire all shares of Marel at €3.6 per share, valuing Marel at €2.7 billion. The offer is expected to close in H2 2024, with the combined company to be named JBT Marel Corp.
Saur Group, through Nijhuis Saur Industries, has acquired Natural Systems Utilities (NSU) from XPV Water Partners. NSU is a leader in distributed water reclamation and reuse, operating over 270 systems in the US.
Ares Management Corporation launched a new automation company, Automated Industrial Robotics Inc. (AIR), and acquired Totally Automated Systems (TAS) and Modular Automation as foundational companies. AIR was formed in August 2023.
Kordsa Teknik Tekstil A.Ş. announced the acquisition of a 10% stake in B PREG Kompozit ve Tekstil Mühendislik Danışmanlık Sanayi Ticaret A.Ş. for EUR 300,000 through a capital increase. The agreement was signed on January 19, 2024.
Soudal Group has acquired Italian industrial adhesives manufacturer Durante Adesivi for €100 million, adding €100 million in turnover.
Hahn & Company acquired a 100% stake in Cynosure through Lutronic for approximately 350 billion won, and signed a merger agreement between Lutronic and Cynosure, expected to close in Q1 2024.
Cynosure and Lutronic have entered into a definitive merger agreement to combine, creating a global leader in medical aesthetic systems. Terms were not disclosed.
Kaman Corp. has entered into a definitive agreement to be acquired by Arcline Investment Management in an all-cash transaction valued at approximately $1.8 billion, with shareholders receiving $46.00 per share.
Rainmaker Worldwide Inc. has finalized the acquisition of Miranda Water Treatment Systems, executed by its Ontario subsidiary. The deal includes the transfer of Miranda shares, and Michael Skinner of Viva Industries has become Chairman and CEO of Miranda.
Jentech Precision Industrial (3653) announced it will acquire Jinli Precision Industrial (5383) through a share swap at a ratio of 1 Jentech share for 22.2422 Jinli shares. The transaction is expected to close on May 31, 2024, and will integrate resources including Jinli's electroplating license in its Nantong, China factory.
ABB has agreed to acquire a majority stake in software service provider Meshmind to expand its R&D capabilities in AI, Industrial IoT and machine vision. The acquisition will create a new global R&D hub in Sarajevo, Bosnia, for ABB's Machine Automation division (B&R).
EVTEC, a UK aluminium and automotive supplier, acquired JVM Castings, an aluminium die casting manufacturer, supported by a £7.4m multi-asset facility from Cynergy Business Finance.
CLS, a TESYA Group company, signed a binding agreement in December 2023 to acquire Degrocar, the sole Italian distributor of Mitsubishi forklift trucks. The deal adds Mitsubishi electric, diesel, and warehouse forklifts to CLS's portfolio.
Würth Electrical Wholesale Group agreed to acquire a majority interest in IDG01 S.p.A., an electrical wholesaler in Piedmont, Italy, to expand its presence in northwestern Italy. The transaction is subject to antitrust approval.
Testia, an Airbus company, acquired Edixia Automation, a provider of artificial vision systems for defect detection, effective January 2024. Edixia will be rebranded as Testia and remain based in Brittany, France.
Savanna Energy Services Australia, a subsidiary of Total Energy Services Inc., agreed to acquire all shares of Saxon Energy Services Australia from SLB for $37 million in cash. Saxon owns 11 land drilling rigs in Australia.
Inicia announced the acquisition of all Gerdau's shares in Gerdau Diaco, Gerdau Metaldom, Cyrgo, and Kbina through its construction materials investment fund. The deal requires regulatory approval in Colombia.
Saint-Gobain announced two acquisitions in the non-residential flooring market: French resin flooring manufacturer R.SOL and South African resin flooring player Technical Finishes. Combined turnover was about €20 million in 2023.
SKion Water, through its subsidiary Ecopreneur, completed the acquisition of Chilean company VIGAflow to expand water treatment offerings in Latin America, particularly for green hydrogen and lithium processing.
France-based Sleever, a shrink sleeve labelling and equipment maker, has taken a majority stake in Helios Packaging, a sleeve technology firm in Wommelgem, Belgium. Financial terms were not disclosed.
Zhuhai Bojay Electronics and Zhuhai Gejie Investment Fund signed a Master Purchase Agreement to acquire Hardinge Precision Machinery, Hardinge Machine Shanghai, and Wanshi Machine Tool for approximately $130 million.
Assystem has acquired 100% of KEOPS Automation, a French engineering specialist in industrial operating platforms and data enhancement. KEOPS Automation generates annual sales of around EUR 7 million and operates in the nuclear and energy sectors.
Martin Marietta acquired Albert Frei & Sons, a crushed stone producer with quarries serving Colorado markets. The deal provides Martin Marietta with 60 years of hard rock reserves in the Denver metropolitan area.
Medical device companies Arrotek Medical Ltd. and NeedleTech merge under the Arrotek brand, combining design and manufacturing services for medtech organizations.
Nordic Climate Group acquires HP Kyla & Värme AB and its subsidiary HP Klimatservice AB. The combined companies have annual revenue of about SEK 67 million and 42 employees.
Bamberger Polymers and Amco Polymers are merging to form Bamberger Amco Polymers, a polymer distribution company. Full integration is expected by March 2024.
Saint-Gobain entered into a definitive agreement to acquire Glass Service, a provider of digital solutions for glass furnaces.
Miter Brands will acquire all outstanding shares of PGT Innovations at $42.00 per share, representing an enterprise value of approximately $3.1 billion. The transaction is expected to close by mid-2024.
Private equity firm Ambienta has acquired a majority stake in Frigoveneta, an Italian designer and manufacturer of commercial refrigeration systems. The founders will retain a significant stake.
Forage RJLL and Forage Nordik have signed a letter of intent to merge, creating a combined company with 45 surface drilling rigs and two workshops in Rouyn-Noranda and Val d'Or, Quebec.
Halyard Inc., a provider of professional services in mineral processing and project delivery, combined with Micon International, a geological, mining, and metallurgical consulting firm, to expand their service breadth and organizational strength.
RTC Aerospace LLC acquired Vanderhorst Brothers Industries, a manufacturer of precision components for aerospace, defense, and space industries based in Simi Valley, California. Financial terms were not disclosed.
Usha Siam Steel Industries Public Company Ltd, a subsidiary of Usha Martin in Thailand, signed an agreement to acquire a 50% stake in Tesac Usha Wirerope Company Ltd from Kobelco Wire Company Ltd for 74.45 million baht. The deal is expected to close by January 31, 2024.
Platinum Equity signed a definitive agreement to sell the Hunterstown combined-cycle gas turbine power generation facility in Gettysburg, Pennsylvania, to LS Power. The transaction is expected to close in Q2 2024.
LyondellBasell has entered into an agreement to acquire a 35% interest in Saudi Arabia-based NATPET from Alujain Corporation for approximately $500 million. The joint venture will use LYB's Spheripol PP technology.
Martin Marietta Materials has completed the acquisition of Albert Frei & Sons, Inc.
Italmatch Chemicals Group signed a binding agreement to purchase a majority stake in Alcolina, a Brazilian water treatment company for bioethanol, sugar production and industrial applications.
Manitou Group finalized the acquisition of a 75% majority stake in Italian companies COME S.R.L and Metal Work S.R.L, as announced on November 8, 2023.
Basell International Holdings, a LyondellBasell subsidiary, signed an agreement to acquire a 35% stake in Alujain National Company for Industries, which is developing a petrochemical complex with an investment of SAR 7.5 billion in Saudi Arabia.
Synopsys has entered a definitive agreement to acquire Ansys for approximately $35 billion in cash and stock, combining EDA with simulation and analysis.
Rayner, a UK-based cataract surgery products leader, has entered a definitive agreement to acquire Swiss-based This AG, the developer of Sophi phaco emulsification machines.
Pedrollo Group has acquired a majority stake in PM, a submersible motor maker based in Brendola (Vicenza), Italy. It is Pedrollo's fourth growth transaction since 2019.
DRT Holdings announced the purchase of U.S.-based Custom Machining Corporation for an undisclosed sum; CMC joins DRT's Metal Packaging Systems segment, which makes rotary end coating systems for metal packaging.
Sauer Compressors acquired 100% of its Swedish sales partner Söders Maskinservice AB, effective 1 January 2024, to expand its presence in the Nordic countries; the company will operate as Sauer Compressors Nordics AB.
Hoerbiger has acquired Minor Industria Mecanica de Precisão Ltda, owner of the Minor Jupiter brand, in Brazil. The company will join Hoerbiger's Rotary Solutions Business Unit, strengthening its position in South America and adding local manufacturing for rotary unions and slip rings.
Survitec acquired Vinyl Technology, a manufacturer of custom textile and polymer film products, in January 2024.
PERM Machine & Tool Co has acquired C&S Machinery Rebuilders of Paterson, New Jersey. C&S's operations have been relocated to PERM's main facility in Saint John, Indiana.