HMS Networks AB has entered into a binding agreement to acquire Red Lion Controls, a US-based provider of industrial automation solutions, from Spectris Group Holdings for $345 million in cash. The acquisition will significantly expand HMS' presence in North America.
Hollysys Automation Technologies has agreed to be acquired by Ascendent Capital Partners in an all-cash transaction valued at approximately US$1.66 billion, or US$26.50 per share. The deal was unanimously approved by Hollysys' board.
Owens Corning acquired vliepa GmbH, a German company specializing in coating, printing and finishing of nonwovens for the building materials industry. The deal includes two manufacturing facilities in Bruggen, Germany. Terms were not disclosed.
Analog Devices announced its intention to acquire Maxim Integrated Products in a cash-and-stock deal valued at approximately $21 billion. The acquisition is expected to close in mid-2024, subject to regulatory approval and stockholder vote.
Smurfit Kappa and WestRock announced a transaction to combine into Smurfit WestRock, a global sustainable packaging leader with combined adjusted revenue of about $34 billion. The combined company will be domiciled in Ireland.
Kaneka Corporation acquired all shares of Japan Medical Device Technology (JMDT), a developer and manufacturer of medical devices, making it a wholly owned subsidiary. JMDT specializes in bioresorbable stents.
Jabil, a global electronic component manufacturer, acquired Retronix, a provider of re-balling and re-tinning services for printed circuit boards. The financial terms were not disclosed.
Bobcat acquired Doosan Industrial Vehicle (DIV) in 2021 for $4.3 billion, adding forklift and warehouse solutions to its portfolio and gaining manufacturing facilities in South Korea, China, and Germany.
Baosteel plans to invest RMB 10.703 billion ($1.5 billion) to acquire 48.6139% equity in Shandong Steel Rizhao Co., Ltd., aiming to enhance its market impact in northern China.
Thrust Capital Partners, a Canadian private equity firm, has acquired DCM Group Inc., a Quebec aerospace manufacturer. The acquisition was completed in partnership with Desjardins Capital, with Investissement Québec retaining its stake.
Wöhrle GmbH & Co. KG has fully acquired Oskar Rüegg Holding AG and its subsidiaries in Switzerland, Bulgaria and Mexico. The acquisition was completed on November 30, 2023.
Körber has agreed to acquire a minority stake in Franz Ziel GmbH, a provider of pharmaceutical equipment and aseptic process equipment specializing in isolator technology.
Hitachi Astemo, Ltd. will absorb its wholly owned subsidiary Hitachi Astemo Electric Motor Systems, Ltd. in an absorption-type merger effective April 1, 2024, to strengthen its electric powertrain strategy.
Van Genechten Packaging has acquired 100% of its UK joint venture with CartonCare Group, a printed folding carton maker based in Northern Ireland with a combined turnover of EUR 30 million. The deal brings VGP to 12 sites in 9 countries.
Orora has completed its acquisition of Saverglass, the glass packaging maker, according to the article headline. Details of the transaction were not available in the text.
Saica Group has agreed to acquire a 100% stake in Ecovidal-Miguel Vidal e Hijos, a waste collection and paper recycling company in Torrejón de Ardoz near Madrid, Spain. Financial terms were not disclosed.
OSRAM announced on December 7, 2023, that it will acquire a 55% stake in sensor solutions maker Ams for €4.6 billion. The combined entity will become a global leader in sensor solutions and optoelectronic technology.
Woodings Industrial has acquired Superior Machine Co. Financial terms were not disclosed.
MV-Jäähdytys Oy, a subsidiary of Nordic Climate Group, has acquired Kylmäkeskus Sami Oy, a Finnish refrigeration company with 17 employees and nearly €5 million in revenue, strengthening its position in the Kanta-Häme region.
Bobcat will integrate Doosan Industrial Vehicle (DIV) into its operations, rebranding it as Doosan Bobcat Belgium, and will market all DIV forklifts and warehouse equipment under the Bobcat brand. A €2 million investment will renovate offices and expand facilities in Sint-Niklaas.
Industria Macchine Automatiche (IMA), an Italian packaging machine manufacturer, acquired the OYSTAR Group, parent company of Hassia Packaging India, which was renamed IMA Dairy & Food Holding.
Medtronic called off its planned acquisition of EOFlow, a maker of insulin patch-pumps, citing multiple breaches of agreements. The deal was valued at about $738 million.
Industrial Growth Partners acquired AEM, a designer and manufacturer of fuses and electronic components for aerospace, defense, automotive, and commercial applications. The deal was announced on December 7, 2023.
Toyota Material Handling Australia (TMHA) has acquired a Traralgon forklift distributor, which will become the company's newest branch.
Milepost Power Holdings, an affiliate of Hull Street Energy, has completed the acquisition of EF Oxnard, LLC from Atlantic Power Corporation on December 7, 2023. The deal adds gas-fired generation capacity.
Amcor Flexibles' Indian subsidiary is set to acquire Essel Propack's 100% owned Packaging India Pvt. Ltd, a flexible packaging maker with plants in Tamil Nadu and Uttarakhand, for full cash consideration with an enterprise value of Rs 165 crores.
Factory Systemes Groupe, a subsidiary of Sonepar, has acquired a majority stake in Wonderware Italia, a distributor of industrial software solutions in Italy. The company will be renamed Factory Software Italy.
Venture First and TYP64 acquired Australian-based Scottsdale Construction Systems, a manufacturer of light gauge steel wall frame and roof truss technology. The acquisition aims to expand production and enter US and EU markets.
SSW Partners and an investment fund managed by American Industrial Partners signed an agreement for the acquisition of Veoneer, a supplier of automotive safety electronics.
Wellspring Capital Management, owner of Prolamina Corporation, has completed the acquisition and merger of Ampac Holdings LLC with Prolamina, creating a combined flexible packaging company with 16 facilities and over 2,000 employees, headquartered in Cincinnati, Ohio.
RSWM Ltd. signed a binding term sheet to acquire the spinning, knitting and processing undertaking of Ginni Filaments Ltd. in Mathura, India, for an enterprise value of INR 1.6 billion.
CHAMPION HOLDING (BVI) CO., LTD, via a voluntary cash offer, will acquire all shares of COFCO Packaging (00906.HK) at HK$6.87 per share, valuing the deal at up to HK$7.649 billion, to take the company private.
Eqva ASA signed a letter of intent to combine its subsidiary BKS with LOS Group's companies (LOS Elektro, LOS Eiendom Bergen, LOS Cable Solutions, Zinus) into a new subsidiary. Eqva will own 61% and LOS Group owners 39% of the combined entity with an EV of approximately NOK 620 million.
XJ Electric (000400.SZ) announced it will acquire 100% of Harbin Electric Instrument Research Institute (哈表所) from XJ Group for 440 million yuan in cash, to enhance its smart metering business and international standards influence.
Shanghai Zhenhua Heavy Industries (ZPMC) announced it will form a joint venture with Shanghai Yichui Machinery Technology Co., Ltd., with a total registered capital of 50 million yuan. ZPMC will contribute 40 million yuan for an 80% stake, and Yichui Technology will contribute 10 million yuan for a 20% stake.
Blackstone and Emerson closed the acquisition of a majority stake in Emerson's Climate Technologies business, now standalone as Copeland, in a transaction valuing the business at US$14 billion. Emerson received about $9.7 billion at close.
MAX Solutions, a packaging manufacturer, and Walker SCM, a transportation and logistics company, formed Unity Solutions, a joint venture offering turnkey packaging, fulfillment and logistics solutions with manufacturing and fulfillment facilities in logistics hubs.
Platte River Equity partnered with the management teams of TIPCO Technologies and HydraTech Industrial Solutions to form a national distributor of fluid conveyance and sealing solutions, operating as TIPCO Technologies with 30 locations in 13 states.
DS Smith has completed its acquisition of the corrugated packaging business of Spain's Grupo Lantero for approximately EUR 190 million, expanding its position in the Spanish market. Grupo Lantero operates seven sites.
TOPPAN has acquired the Nomi plant of bankrupt JOLED in Ishikawa, Japan, to build next-generation semiconductor packaging (FC-BGA) development and mass production lines, targeting operations from 2027.
Spark Power Group Inc. completed a going-private transaction where an affiliate of American Pacific Group acquired all outstanding common shares for $0.825 per share, making Spark Power a wholly-owned subsidiary.
Elos Medtech announced the successful conclusion of its acquisition of Klingel Holding GmbH, first disclosed on July 28, 2023, creating a combined entity with over 1,500 employees across 13 sites in 6 countries.
Ablic, a subsidiary of Minebea Mitsumi, recently acquired Samurai Semiconductor to expand its semiconductor capability.
Granite Construction has acquired Lehman-Roberts Company and Memphis Stone & Gravel Company, leaders in highway paving and asphalt and aggregate mining, expanding into the Southeast US market.
Foodmate B.V., a poultry processing equipment manufacturer, has acquired Barth Industrial Automation, a provider of engineering, vision, robotics and automation solutions for the food industry.
IPS, a provider of electromechanical and rotating equipment, has acquired Wind Solutions LLC, a Sanford, North Carolina-based company specializing in wind turbine repair upgrades and components.
Ambuja Cements has completed the acquisition of Sanghi Industries at a revised offer price of Rs 121.90 per share, funded entirely through internal accruals, giving Ambuja a controlling stake of 54.51%.
Evolution Mining has entered into a binding agreement to acquire an 80% interest in the Northparkes copper-gold mine in New South Wales from CMOC Group for up to US$475 million. The transaction is expected to close before the end of December 2023.
Platte River Equity invested in the merger of TIPCO Technologies and HydraTech Industrial Solutions to form a national independent distributor of fluid conveyance and sealing solutions, operating under the TIPCO name. The combined company has 30 locations across 13 states.
Spanish glass container maker Vidrala acquired the remaining 70.7% of Brazil's Vidroporto for EUR 384 million, after an earlier purchase of 29.3% for EUR 53 million, valuing the company at EUR 543 million. Vidroporto operates a plant in Porto Ferreira, São Paulo.