John Bean Technologies Corporation (JBT) has made a revised, unsolicited proposal to acquire Marel, an Icelandic food processing equipment supplier, for $3.70 per share, valuing the company at $2.8 billion. Marel's board rejected the proposal.

Nippon Paint India has acquired 100% of VIBGYOR Paints and Chemicals, a supplier of paints to Indian Railways based in Pondicherry, India. The acquisition strengthens Nippon Paint's industrial coatings portfolio, especially for Indian Railways.

Dacke Industri acquired all shares of Völkel Mikroelektronik GmbH, a German supplier of digital controls for mobile machinery. The acquisition strengthens Dacke's electronics business and European presence.

Volvo Construction Equipment agreed to divest its global ABG paver business to Ammann Group, including the production and technology center in Hameln, Germany. About 400 employees will transfer to Ammann. The transaction is expected to close in the first half of 2024.

Japanese crane and aerial lift manufacturer Tadano is acquiring tracked aerial lift manufacturer Nagano Industry from private equity firm JAFCO in an all-share purchase deal. Nagano had sales of ¥5.6 billion in the last year.

H.I.G. Capital portfolio company SIAT Group bought a 50% stake in US-based Combi Packaging Systems from 3M, with terms undisclosed.

Saudi Advanced Industries sold its entire 10% stake in Al-Salam Aerospace Industries to Saudi Arabian Military Industries (SAMI) for a book value of $5.2 million.

WSG Energy Services acquired Azoto Energy Services Ltd., a provider of engineered nitrogen pumping solutions in Western Canada, on December 13, 2023.

Polyventive LLC has acquired the assets of Fibro Chem LLC, a dye, lubricant, masterbatch and specialty chemicals formulator and distributor serving the textile and floorcovering industries.

Seacoast Service Partners, a platform formed by White Wolf Capital Group, acquired Putnam Mechanical Services, an HVAC and refrigeration services provider in Southwest Florida. This is SSP's second acquisition.

Menasha Packaging Company has purchased two Highcon Beam 2 Digital Die Cutting systems for installation at one of its packaging facilities in North America. The systems can process up to 5,000 sheets per hour for folding cartons and corrugated packaging.

Arkema, through its Bostik segment, has agreed to acquire Arc Building Products, an Irish manufacturer of tile adhesives, floor preparation systems, and building chemicals with annual sales of about €15 million. The deal is expected to close in Q1 2024.

Lagercrantz Group has acquired 97% of the shares of Material Handling Modules Europe AB (MHM), a Nordic supplier of modular conveyor and material handling systems based in Glemmingebro, Sweden. MHM generates annual revenue of about SEK 90 million.

LEAG Innovative Energy, a subsidiary of EP Corporate Group, has signed an agreement to acquire a 20% stake in LEAG from PPF Investments. The deal is subject to regulatory approvals and will result in EPH controlling 50%, PPF Investments 30%, and LEAG Innovative Energy 20% of LEAG.

State-backed Japan Investment Corp (JIC) will join Dai Nippon Printing and Mitsui Chemicals to buy out Shinko Electric Industries, a chip-packaging unit of Fujitsu, for 684.9 billion yen ($4.71 billion).

Lonestar Forklift acquired CNB Equipment, a materials handling equipment dealer in Corpus Christi, Texas. CNB Equipment will operate as the Corpus Christi branch of Lonestar Forklift effective November 15, 2023.

DEUTZ AG reached a general agreement with Rolls-Royce's Power Systems Business Unit to take over the sales and service operations for mtu Classic series and mtu engine series 1000-1500, with expected additional revenue of around €300 million per year.

Integra LifeSciences entered a definitive agreement to acquire Acclarent from Ethicon (Johnson & Johnson) for $275 million in cash at closing plus up to $5 million upon regulatory milestones. Acclarent is an ENT device company headquartered in Irvine, California.

RMT Valvomeccanica officially acquired PIBIVIESSE, a ball and control valve producer, as part of the GIVA Group, with the transaction finalized on December 13, 2023. The companies will keep separate organisational and production structures.

Carrier Global agreed to sell its global commercial refrigeration business to its joint venture partner Haier for an enterprise value of $775 million, including about $200 million of net pension liabilities, announced 13 December 2023.

India's Competition Commission approved Capripack BidCo's acquisition of sole control of flexible packaging producer Constantia Flexibles, announced 13 December 2023. Capripack is indirectly owned by funds managed by One Rock Capital Partners, and the seller is Constantia Lux, linked to Wendel Group.

Blackboxstocks Inc. executed a definitive agreement to acquire Evtec Aluminium Limited, a supplier of proprietary parts for EV, hybrid, and performance automotive markets. The transaction is expected to close in Q1 2024. Evtec has projected revenue of US$52 million for fiscal year ending June 30, 2024.

Blue Sage Capital acquired Geo-Solutions, a provider of geotechnical and environmental remediation services, from RAF Industries.

Crossplane Capital acquired Hynes Industries, a maker of roll formed metal parts and assemblies, from Resilience Capital Partners.

Traction Capital, a Minnesota-based private equity firm, acquired Nu-Star (PowerPusher), a maker of material handling solutions.

Guido Dumarey, through the Dumarey Group, acquired the former Woodall Nicholson group companies including Mellor, Treka, Coleman Milne, VCS Police & Special Projects, Promech Technologies, and JM Engineering. The businesses are consolidated under a new holding company Woodall Nicholson.

Avtrac, a provider of continuing airworthiness management services, has merged with M3 Aviation Group. The combined company will operate under the Avtrac platform, with Marcial Casiano Jr. as Head of Global Asset Management.

Japanese civil engineering group Infroneer will buy Japan Wind Development from Bain Capital for about $1.4 billion, expanding its renewable energy business. The deal is expected to close in late January.

Renovotec, a UK supply chain technology solutions provider, acquired a majority stake in Skywire Australia and New Zealand, a mobility solutions company. The acquisition expands Renovotec's global presence into the APAC region.

Bondioli & Pavesi acquired 100% of the share capital of Siboni, a company specializing in electric motors and integrated electronics for industrial, agriculture, robotics and intralogistics sectors.

ORIGINAL (002701.SZ) announced it is planning a voluntary conditional general offer to acquire all issued shares of COFCO Packaging Holdings Limited, a Hong Kong-listed company, for cash. ORIGINAL currently holds 24.40% indirectly and 24.19% directly.

Epiroc agreed to acquire Weco Proprietary Limited, a South African manufacturer of precision-engineered rock drilling parts, for an undisclosed amount. The company has about 80 employees and revenues of about ZAR 160 million.

The Bundeskartellamt cleared the planned acquisition by REWE of 50% of the shares in Trinks GmbH and Trinks Süd GmbH. The decision was announced on December 12, 2023.

The Board of Chembond Chemicals Limited agreed to demerge its construction chemicals and water technologies businesses into Chembond Chemical Specialties Limited. The scheme was approved on December 12, 2023.

BP Energy Partners, a Dallas private equity firm, acquired Odessa American Industrial Machine, a Texas repair and parts firm for compressor and engine equipment, from AAVIN Equity Advisors. FMI Capital Advisors was the exclusive financial advisor.

NOVA Infrastructure acquired A&R Bulk-Pak, a South Carolina provider of contract packaging, transloading and warehousing for the petrochemical industry. No financial terms were disclosed.

Astor Group has completed the acquisition of Mikroponent, a laser cutting and etching company in Värnamo, Sweden, for an initial purchase price of 30 MSEK with potential additional 10 MSEK.

COFCO Packaging announced it received a preliminary non-binding letter from ORG Technology Development indicating a possible voluntary conditional cash offer to acquire all issued shares of COFCO Packaging. The letter was received on December 11, 2023.

Watts Water Technologies has entered into a definitive agreement to acquire Josam Company, a provider of drainage and plumbing products. The transaction is expected to close in January 2024.

Hidden Harbor Capital Partners recapitalized Teckrez, a Jacksonville, Florida-based provider of tackifier resin and acrylic monomer solutions. The transaction closed on November 30, 2023.

Huizenga Group Automation's portfolio company Bulldog Factory Automation acquired Spectrum Automation Company, a Livonia, Michigan-based designer and manufacturer of specialty parts feeding and material handling systems.

PERI SE acquired a majority stake in KERN Tunneltechnik SA, a provider of secondary lining solutions for tunnelling projects based in Lugano, Switzerland.

Imbio, a provider of medical imaging analysis for lung and cardiothoracic diseases, entered a binding agreement to be acquired by 4DMedical, a lung function imaging software company.

Azelis acquired 100% of Oktrade Kimya Sanayi ve Ticaret Anonim Şirketi, a distributor of specialty personal care ingredients based in Istanbul, Turkey.

Tom Barrow Co. acquired R.F. Peck Co., Inc., an HVAC distributor serving New York, Vermont, and Massachusetts. R.F. Peck will continue to operate as an independent brand led by its existing principals.

SECURE Energy Services Inc. entered into a definitive agreement to sell facilities formerly owned by Tervita Corporation to Waste Connections Inc. for $1.075 billion in cash plus adjustments, totaling estimated proceeds of $1.150 billion. The sale is subject to regulatory approvals with closing targeted in Q1 2024.

JQL Technologies Corporation has acquired the 1ft to 6ft microwave antenna manufacturing assets of Radio Frequency Systems' Trignac France facility, covering frequencies from 6 GHz to 80 GHz.

Mitsubishi Electric and Mitsubishi Heavy Industries will establish a joint venture named Mitsubishi Generator in April 2024, with Mitsubishi Electric owning 51% and Mitsubishi Heavy 49%. The company will manufacture and service turbine generators for thermal, nuclear, and hydro power.

Friedrich Graepel AG acquired Solvaro GmbH from varomexx Beteiligungen GmbH. Solvaro will become a subsidiary and later be renamed Graepel, expanding Graepel's perforated metal product portfolio.

Inpixon announced shareholder approval of proposals related to its merger agreement with XTI Aircraft Company, developer of the TriFan 600 VTOL aircraft. The combined company will operate as XTI Aerospace and is expected to close around year-end 2023.