Brixey & Meyer Capital acquired Hamlett Engineering Sales Co (HESCO) and Lipp American Tank Systems (LATS), process equipment distributors to the municipal water and large waste producer market, on December 20, 2023.
Sanok Rubber Company has signed an agreement to acquire the entire share capital of Teknikum Group, a Finnish polymer solutions provider. The acquisition is expected to close in the coming months.
Gefran has acquired a 24.83% minority stake in Robot at Work, an Italian startup specializing in robotic cells and automation systems, for EUR 576,000. The deal includes call options for a further 30% stake.
MINEBEA MITSUMI has acquired the shares of Hitachi Power Semiconductor Device from Hitachi, Ltd., making it a subsidiary. The deal also includes overseas sales related to Hitachi's power device business.
Macmahon has agreed to acquire Emeco's Pit n Portal underground services business. Emeco will retain its underground mobile mining equipment and become Macmahon's preferred supplier of rental equipment in Australia.
Beijer Ref signed an agreement to acquire the assets of Webb Supply, a wholesale HVAC distributor in Cleveland, Ohio, serving Northeastern Ohio and Western Pennsylvania. Webb has annual sales of approximately SEK 200 million and employs about 40 people.
Dongfeng Motor Group announced that Dongfeng Logistics will acquire 100% equity of Xiangyang Industry and Trade from Dongfeng Motor Co. and Shanghai Jiahua, integrating it into Dongfeng Logistics to improve service quality and reduce logistics costs.
Solvay acquired all shares of Thailand Peroxide Co., Ltd. (TPL) in Saraburi, Thailand, to fully own the joint venture and expand specialty-grade hydrogen peroxide and peracetic acid business in Asia-Pacific. The acquisition was completed on December 15, 2023.
Trelleborg, through Trelleborg Sealing Solutions, signed an agreement to acquire MNE Group (Materials Nano Engineering and Materials Nano Solution), a South Korean manufacturer of high-performance specialty seals for semiconductor production equipment. The purchase price is approximately SEK 650 million on a cash and debt-free basis.
Fowler Westrup India, a Mahyco Group company, acquired Netherlands-based Seed Processing Holland (SPH), a producer of advanced seed processing equipment, from H2 Equity Partners. Financial terms were not disclosed.
GreatStar Industrial announced plans to acquire Tesa Group, a Swiss high-precision measuring instrument manufacturer, from Hexagon Smart Solutions for EUR 40 million (USD 43.9 million) to enter the robotics parts processing machinery industry.
Surteco Group SE acquired the Laminates & Performance Films and Coated Fabrics businesses of Synthomer plc for USD 255 million, strengthening its position in North American decorative surfaces market.
Wesco Group announced that English Color and Supply, a distributor with 76 locations in the central U.S., has joined the Wesco team, expanding its paint, body and equipment distribution network.
First Reserve, a private equity firm, acquired AP4 Group LLC, a provider of maintenance services for industrial gas and steam turbines. Financial terms were not disclosed.
Fengate Asset Management has acquired the 177-megawatt Morris Cogeneration combined heat and power facility in Morris, Illinois, from Atlantic Power and Utilities, under a partnership with Ironclad Energy.
Orica has entered into a binding agreement to acquire 100% of Canadian company Terra Insights from Vance Street Capital for C$505 million on a cash-free, debt-free basis. The acquisition is expected to close in H1 2024.
SRM Materials, a division of SRM Concrete, acquired Tri-County Stone Co. in Morrison, Tennessee, adding a sixth site in the state.
SRM Concrete acquired one block plant, 11 ready-mixed plants, and two aggregate docks from R.W. Sidley Inc., extending its Ohio footprint. The deal also includes an Elyria Concrete asset in Castalia, Ohio.
Kodiak Gas Services agreed to acquire CSI Compressco in an all-equity transaction valued at about $854 million including $619 million of net debt, creating the largest contract compression fleet with 4.3 million horsepower.
Shenzhen Guanghua Weiye Co., Ltd. signed an equity transaction contract to acquire 51.265% equity and related debt of Hengtian Yangtze Biomaterials Co., Ltd. from Hengtian Fiber Group. The transaction amount is RMB 52,245,332.52, with the equity price at 0.0001 yuan and the debt price at 52,245,331.52 yuan.
Moneta Gold will acquire all of Nighthawk Gold in an at-market merger to create a major gold developer in Canada.
Alaska Energy Metals Corporation closed its acquisition of 100% of 1413336 BC Ltd., which holds the Angliers-Belleterre nickel-copper project in Canada, for $2.8 million.
Samyang Holdings acquired a controlling stake in Verdant Specialty Solutions, a U.S.-based specialty chemical materials company, for approximately 330 billion won. The deal was signed on December 15, 2023.
Gearbox has acquired a majority stake in Pliant, combining their expertise in vision software, AI and robotisation for horticulture and offshore solutions.
Norwegian Universal Technology has acquired 100% of the shares of Uvdal Maskinfabrikk AS, a Norwegian industrial machinery manufacturer. The acquisition was announced on December 18, 2023.
Stryker announced a binding offer to acquire Serf SAS, a French manufacturer of joint replacement hardware, from Menix. The deal is expected to close in Q1 2024. Financial terms were not disclosed.
EQT Private Equity has entered into an agreement to acquire Zeus Company Inc., a global leader in advanced polymer components for medical devices and industrial applications, from the Tourville family. The transaction is expected to close in early 2024.
Conditioned Air Company, a residential HVAC service provider in Southwest Florida, acquired A/C Designs of St. Augustine, expanding its service area to Northeast Florida. The deal closed on December 18, 2023.
OpenGate Capital has exited its investment in Verdant Specialty Solutions, a chemical manufacturer of surfactants, through a sale to Samyang Specialty Solutions, a subsidiary of Samyang Holdings. Financial terms were not disclosed.
Merlin PCB Group has acquired the assets of Stevenage Circuits Ltd, with manufacturing activities to be transferred to one of Merlin's factories and some staff retained.
Masonite International Corporation will acquire PGT Innovations, Inc. for $3.0 billion in cash and stock, combining door and window solutions. The transaction is expected to close in the first full year post-close.
CRH plc and the Barro Group have submitted a non-binding offer to acquire 100% of Adbri Ltd, a leading Australian building materials company, for A$3.20 per share. CRH would acquire the approximately 57% of shares not owned by Barro, with the intention to delist Adbri from the ASX.
WEG, through its indirect subsidiaries, acquired the industrial electric motors and generators business of Regal Rexnord Corporation for $400 million, including brands Marathon, Cemp, and Rotor, and approximately 2,800 employees across ten factories in seven countries.
Nippon Steel Corporation will acquire United States Steel Corporation in an all-cash transaction at $55.00 per share, representing an equity value of approximately $14.1 billion and total enterprise value of $14.9 billion.
Qorvo announced a definitive agreement for Luxshare Precision Industry to acquire its assembly and test facilities in Beijing and Dezhou, China. The transaction is expected to close in the first half of 2024, with Luxshare continuing to assemble and test products for Qorvo under a long-term supply agreement.
Mitsubishi Chemical announced the acquisition of all shares of C.P.C. SRL, an Italian manufacturer of carbon fiber reinforced plastics (CFRP) for automotive parts, to strengthen its carbon fiber supply chain. The acquisition is expected to close by end of 2023.
Samvardhana Motherson International (SAMIL) is acquiring Australia's Lumen Group and Switzerland's Deltacarb SA for approximately ₹575 crore. The Lumen Group acquisition has an enterprise value of AUD 93 million and is expected to close by Q4 FY2024.
Swedish mining equipment maker Epiroc has agreed to acquire Stanley Black & Decker's STANLEY Infrastructure for $760 million. The acquisition of the maker of excavator attachments and handheld hydraulic tools is expected to close in Q1 2024.
Shimada Machine Tool Co., Ltd. will inherit the multi-spindle automatic lathe business from Citizen Machinery Co., Ltd., effective April 1, 2024, including manufacturing, repair, after-sales service and parts supply.
Carl Zeiss Meditec AG has agreed to acquire 100% of Dutch Ophthalmic Research Center (D.O.R.C.) from Eurazeo SE. The acquisition will expand Zeiss's position in vitreo-retinal surgery.
Saint-Gobain has agreed to acquire a majority stake in IMPTEK Chova del Ecuador, a construction chemicals company in Ecuador. The transaction is subject to regulatory approval and expected to close in H1 2024.
Swedish intralogistics group MotionTech announced the acquisition of ITO Pallpack, a Norwegian company focused on end-of-line and complete automation systems, on 15 December 2023.
Taerim Paper, an affiliate of Global Seara Group, signed a stock purchase agreement with Morgan Stanley PE to acquire Jeonju Paper and Jeonju One Power for about KRW 650 billion.
Atlas Packaging Inc. has acquired Republic Packaging of Florida in Miami, adding wood crating and expanded fulfillment services.
Trinseo announced on December 14, 2023, that it will acquire Arkema's polymethyl methacrylate (PMMA) and methyl methacrylate (MMA) businesses for €1.137 billion (approximately $1.36 billion). The transaction is expected to close in mid-2021, pending regulatory approval.
Investment company Active Capital Company (ACC) acquired shares worth 4.5 million euros in Schumag AG through a capital increase in November 2023, and will purchase additional shares for 0.8 million euros, becoming the largest shareholder with 37.3% of shares. The funds will be used for investments in a future-proof machine park.
Kerry Group agreed to acquire part of Chr. Hansen's lactase business as part of the merger approval process of Novozymes and Chr. Hansen.
Integrated Water Services, Inc. (IWS) acquired KLa Systems, Inc., a leader in jet aeration and jet mixing technology for wastewater treatment. The acquisition expands IWS's portfolio of treatment solutions.
JBT Corporation submitted a revised offer to acquire Icelandic food processing company Marel hf. for €3.4 billion, combining 50% cash and 50% shares. The deal aims to create one of the largest food technology companies.
Fagor Arrasate has acquired 70% of the shares of Ribinerf, a Spanish company specializing in robotized machinery with 3D vision and AI for automation of parts classification, binpicking, racking and 3D verification.