Framatome and Naval Group finalised the acquisition of Jeumont Electric, a French maker and maintenance provider of electric motors and equipment for nuclear and naval defence, from Altawest. The announcement was made on January 9, 2024.
One Rock Capital Partners has completed its acquisition of flexible packaging maker Constantia Flexibles from Wendel, Maxburg Capital Partners and other shareholders.
Wellen Food-Group has acquired the machine builder Josef Benedens, integrating it as Rondo Tech. The site and operations will be retained.
Johnsonville acquired Salm Partners and plans to close the Sheboygan County plant.
Brenntag Essentials, a division of Brenntag, acquired the UK-based Solventis Group, which includes entities such as Solventis, Kilfrost Europe, and Antwerp Distillation Company. The group had annual sales of over EUR 300 million in 2022 and operates sites in Scunthorpe, UK, and Antwerp, Belgium.
Motus Nordic Group acquired majority shares in NTO A/S, an automation company based in Ikast with facilities in Hillerød and Randers, effective December 31, 2023. The deal supports Motus Nordic's strategy in industrial and logistics automation.
X-Fab Silicon Foundries agreed to acquire discrete MOSFET designer M-MOS Semiconductor for €22.5 million from Xtrion NV as part of a share restructuring. M-MOS specializes in MOSFET technologies and GaN-on-silicon capabilities.
Amber Group, through its subsidiary ILJIN Electronics, entered into a definitive agreement to acquire a 60% stake in Ascent Circuits Pvt Ltd, a PCB manufacturer. The cash consideration and valuation will be disclosed post-closing.
Amber Enterprises India Ltd, through its subsidiary ILJIN Electronics, finalized a definitive agreement to acquire a 60% stake in Ascent Circuits Pvt Ltd, a PCB manufacturer based in South India. The deal value was not disclosed.
Taiwan Cement Europe Holdings B.V., a subsidiary of Taiwan Cement Corporation, notified the Portuguese competition authority of its acquisition of 100% of Cimpor Portugal Holdings SGPS, S.A. The deal values the 60% stake previously acquired from Oyak at €480 million.
Cleanwater1, a portfolio company of Baird Capital, completed the acquisition of Velocity Dynamics, a provider of dry and liquid feed systems for water and wastewater treatment.
Crane Company has acquired Vian Enterprises, a designer and manufacturer of multi-stage lubrication pumps for aerospace and defense applications, for approximately $103 million on a cash-free, debt-free basis. Vian had about $33 million trailing 12-month sales.
Mursix Corporation acquired Aul Brothers Tool and Die, an automotive aftermarket tool and die business, with the deal finalized in mid-2023 and terms undisclosed. Aul Brothers production moved to Mursix's Park One headquarters and is expected to account for about 10% of sales.
Franklin Electric's subsidiary Headwater Companies acquired substantially all assets of LCA Pump, LLC, which operates Water Works Pump, a groundwater distributor in Springfield, MO. It will operate as a branch of Headwater Wholesale.
Wyckham Blackwell and The Keystone Group jointly acquired Truss Solutions Ltd on January 2, 2024.
CMD Corporation has signed an agreement to acquire FAS Converting Machinery AB, a Swedish company that develops and produces machinery for converting plastic film into bags on a roll. The acquisition is expected to be finalized by January 23rd.
Beijer Ref has signed an agreement to acquire 70% of the shares in Chillaire Solutions, an Indian distributor of refrigerants and HVAC products, with an option to acquire the remaining shares. Chillaire Solutions has annual sales of approximately SEK 120 million and employs 20 people.
Hardinge, Inc., a US-based provider of metal-cutting solutions, has entered into a definitive agreement to acquire WEISSER Group, a German manufacturer of precision turning machines. WEISSER's sales were approximately $90 million.
French Delfingen Industry Group has acquired the European and African business activities of insolvent German Schlemmer Group, a specialist in cable protection for the automotive industry. The purchase price was not disclosed.
EOSS Industries, Kanzler Verfahrenstechnik and the Rieckermann Group have acquired BDI-BioEnergy International, a specialist in biodiesel and biogas plants. The acquisition price was not disclosed.
Thermon Group Holdings, Inc. acquired Vapor Power International, a provider of industrial process heating solutions including electric and gas-fired boilers. Vapor Power had revenue of over USD 50 million in 2023. The acquisition was announced on 2 January 2024.
MicroPort CardioFlow Medtech Co., Ltd. agreed to acquire a 51% stake in La Ronda, a Shanghai-based manufacturer of left atrial appendage devices, for RMB 141 million (USD 20 million). The announcement was made on 2 January 2024.
The Viessmann Group has completed the combination of its Viessmann Climate Solutions business with Carrier Global. Viessmann Group becomes one of the largest shareholders in Carrier, and Max Viessmann joins Carrier's Board of Directors.
United Electric Supply Co. Inc. has entered into a merger agreement with Kovalsky-Carr Electric Company of Rochester, New York. Kovalsky-Carr will continue to operate as an independent distributor and subsidiary of United Electric Supply.
Japanese holding Yanmar acquired Czech engineering and energy group Tedom, a manufacturer of cogeneration units, for a value in the billions of Czech crowns. Tedom will have a leading role in cogeneration production within the Yanmar Group.
Tenaris completed its acquisition of Mattr's pipe coating business unit for $182.6 million, bringing nine plants in Canada, Mexico, Norway, Indonesia, the UAE and the United States.
Nuovo Plus Company Limited, a joint venture between Arun Plus and GPSC, has signed a business transfer agreement with 24M Technologies to restructure the battery business, with Nuovo Plus acquiring shares in 24M.
Valmatic s.r.l. has acquired 100% of Italpak s.r.l., a Modena-based packaging company specializing in single-dose and single-portion packaging for food and nutraceutical sectors. Production lines have been relocated to San Prospero.
Profi-Parts Fahrzeugteile GmbH acquired Wedekind & Gillmann GmbH at the beginning of 2024. The Hessian trading company became the 15th location of Profi-Parts in April 2024.
TSG Deutschland GmbH & Co. KG has acquired Kegler Kälte- und Klimatechnik Service GmbH & Co. KG, a specialist in refrigeration and air conditioning technology with headquarters in Chemnitz and locations in Ratingen and Pfaffenhofen, to strengthen its HVAC services.
ewimed Switzerland AG has legally acquired Nufer Medical AG as of 1 January 2024. The merged company operates under the name ewimed Switzerland AG with headquarters in Bern.
MB Capital, in partnership with GT Capital, acquired General Extrusion Inc. (GEI), an aluminum extrusion company based in Youngstown, Ohio. The acquisition was effective January 1, 2024, and Gilles Teste will become CEO of General Extrusion International.
FEGA & Schmitt Elektrogroßhandel GmbH acquired Anwander GmbH, an electrical wholesale company in Waldkraiburg, Germany, effective January 1, 2024. The Waldkraiburg site will become a FEGA & Schmitt branch.
The Huber family, through Huber Group Holding SE, acquired J. Schneider Elektrotechnik GmbH, a specialist in temperature control equipment for research and industry, based in Offenburg, Germany.
Kuipers Food Processing Machinery integrated the assets and business activities of Lalesse Extrusion as of January 1, 2024, to broaden processing solutions for the snacks industry.
BEHN + BATES, a manufacturer of bag filling machines for the food industry, was fully integrated into parent company HAVER & BOECKER OHG as of January 1, 2024, becoming its food brand.
Hipp Technology Group AG has acquired MK Medical GmbH & Co. KG, a specialist in orthopedic implants, effective January 1, 2024. MK Medical employs around 60 people and generated sales of over EUR 7 million in 2023.
Airbus Helicopters signed an agreement to acquire Aerovel and its unmanned aerial system Flexrotor, a small tactical VTOL UAS for ISTAR missions.
STAR Turbine, Inc., a portfolio company of Mangrove Equity Partners, has acquired Thor Precision, Inc., a designer and manufacturer of precision components for the power generation industry. Financial details were not disclosed.
Lischerong Enterprises has acquired Frogmore Bottling Company, a SQF, GFSI and Kosher certified co-packer specializing in manufacturing retail CPG goods and wholesale bulk products. The acquisition will focus on expanding production capacity and serving larger accounts.
Genevieve Swiss Industries, Inc. has merged with Utilis AG of Mullheim, Switzerland. The combined group has over 100 years of experience in aerospace, automotive, medical/dental and energy markets.
Workdry International, parent of Selwood and Siltbuster, acquired Netherlands-based temporary pumping specialist Vanderkamp Group in the first quarter of 2024.
ITT Inc. completed its acquisition of Svanehøj Group A/S, a supplier of cryogenic and marine pumps with about 400 employees. The deal was funded by a €300 million term loan and the business joins ITT's Industrial Process segment.
Mondi intends to buy DS Smith, according to a Pack aktuell news roundup. The headline gives no date, so the article date is used.
Constantia Flexibles is taking over Aluflexpack, according to a Pack aktuell news roundup. The headline gives no date, so the article date is used.
Rockwell Automation acquired Clearpath Robotics and its subsidiary OTTO Motors in late 2023 for nearly $600 million. OTTO Motors develops autonomous mobile robots for manufacturing and logistics.
Bharat Forge, through its wholly owned subsidiary Kalyani Strategic Systems Limited, acquired a 51% stake in the Indian arm of Ukrainian firm Zorya Mashproekt. The agreement was signed on May 9, 2023, and the acquisition was completed on December 31, 2023.
TPC Wire & Cable, a provider of wire and cable solutions for industrial environments, was acquired by Amphenol in December 2023.
Egeria Group has reached a definitive agreement to sell Wentus GmbH, a manufacturer of plastic films for flexible packaging, to global packaging firm Trioworld Group.
Trioworld Group signed an agreement on December 30, 2023 to acquire Wentus GmbH from Clondalkin Group, which was owned through Egeria. MP Corporate Finance advised the seller on the sale.