Culligan International will acquire a significant portion of Primo Water Corporation's international businesses in an all-cash transaction valued at $575 million. The deal is expected to close by December 31, 2023.
Probo Medical has acquired Davis Medical Electronics, a provider of equipment and supplies for cardiology practices. Terms of the transaction were not disclosed.
NeoMagic Corporation has acquired Advanced Microwave Inc., a company specializing in RF components and subsystems for commercial and military applications. The acquisition allows NeoMagic to enter the defense industry.
ALPLA acquired a majority stake in Moroccan packaging producer Atlantic Packaging and formed the joint venture ALPLA Morocco with Diana Holding. The Tangier plant has tripled preform capacity to around 300 million units per year after new lines were added.
Norfund and KLP signed an agreement to invest approximately $9 million for a 49% stake in ReNew's second transmission project in Gadag district, Karnataka, India.
Operio Group acquired Elizabeth Carbide Die Co. Inc., Elizabeth HATA, and Scheu & Kniss, manufacturers of tablet tooling, tableting presses, and press parts for the solid dose manufacturing industry.
HEXPOL has acquired 100% of the shares in American TPE compounder Star Thermoplastic Alloys and Rubbers, Inc. for $26.5 million on a cash and debt free basis, establishing a presence in the US TPE market.
Siemens intends to acquire an 18% stake in Siemens Ltd. India from Siemens Energy for €2.1 billion, increasing its stake from 51% to 69%.
Graham Corporation has acquired P3 Technologies LLC of Jupiter, Florida, a custom turbomachinery engineering and manufacturing business for space, new energy and medical markets. P3 develops pumps, compressors, turbines, high-speed rotors and cryogenic pumps.
WFL Millturn Technologies has taken over the UK business of Kyal Machine Tools, establishing WFL Millturn Technologies UK Ltd, effective November 3, 2023.
Holcim signed an agreement to sell its 65% participation in Mbeya Cement Company Ltd in Tanzania to Amsons Group for an undisclosed sum.
Holcim signed an agreement to sell Hima Cement Ltd in Uganda to the Sarrai Group for an enterprise value of USD 120 million.
Star New Generation Group acquired 80% of Ricami NBM, an embroidery company based in Carpi, Italy, specializing in luxury fashion embroidery. Mauro Marzi retains 20% and remains CEO.
Paques Environmental Technology India, part of SKion Water, invested to become majority shareholder in Sanpure Systems, a Hyderabad-based provider of high purity water systems for the pharmaceutical industry. Founder Basavaraj Nekar remains a shareholder.
Nidec announced on November 14, 2023 that its tender offer for TAKISAWA shares had succeeded, with 86.14% of shares tendered. Nidec will proceed to make TAKISAWA a wholly owned subsidiary.
Glencore entered a binding agreement to acquire a 77% effective interest in Teck's steelmaking coal business, Elk Valley Resources, for $6.93 billion in cash. Nippon Steel will hold a 20% equity interest and POSCO a 3% interest in EVR. The transaction is expected to close in Q3 2024.
ByFam, an investment firm, acquired Gabriel Group, a Midwest-based food equipment distributor and manufacturer's representative headquartered in Grand Rapids, Michigan. Gabriel Group operates showrooms in Indiana, Ohio, and Michigan.
ACG Kinna Automatic acquired majority ownership of EyeTech, a Swedish machine vision developer, to enhance textile automation solutions.
Novanta announced a definitive agreement to acquire Motion Solutions, a provider of precision motion subsystems, for $189 million in cash.
Atlas Copco Group acquired Hamamcıoğlu Makina (HAMAK), an Istanbul-based distributor of air compressors, parts and service with 23 employees. The purchase price was not disclosed. The business joins Atlas Copco's Compressor Technique Service Division.
The znt-Richter Gruppe has acquired CircuitByte GmbH, a Siemens Digital Industries Software Expert Partner based in Darmstadt, Germany. The acquisition strengthens znt-Richter's position in the high-tech electronics and semiconductor industry.
Céméca Industries announced the acquisition of TOLANJOU, a company specializing in precision sheet metal work, to expand its service offerings.
Minneapolis-based Fabcon Precast acquired Bristol Precast, a division of The Bristol Group, including its engineered precast and prestressed concrete products business and a production facility in Charlestown, Indiana.
Saint-Gobain entered into a definitive agreement to acquire Izomaks Industries LLC, a Saudi manufacturer of waterproofing products with two plants in Riyadh and expected 2023 revenues of €60 million.
TotalEnergies SE agreed to acquire three natural gas-fired power plants in Texas from TexGen Power LLC for $635 million, with a combined capacity of 1.5 GW, to serve Dallas and Houston.
IMCD India signed an agreement to acquire two business lines from CJ Shah & Company for chemicals used in paints, coatings, adhesives and lifesciences. The businesses generated revenue of approximately INR 2,300 million (EUR 25 million) in FY2023. Closing is expected in Q4 2023.
Distinctive Manufacturing Group acquired Koester Metals, a precision sheet metal fabricator based in Fremont, Indiana. The acquisition took place in November 2023.
Nippon Paint Holdings Co., Ltd., through its subsidiary Nippon Paint Holdings SG Pte. Ltd., has signed a share purchase agreement to acquire 75% of the share capital of Alina Group LLP, a Kazakhstan-based manufacturer of dry-mix mortars, paint and coatings. The agreement was concluded on November 11, 2023.
General Electric announced it has completed the acquisition of Alstom's power and grid businesses for a purchase price of €9.7 billion (approximately $10.6 billion), following regulatory approvals in over 20 countries. The deal was originally agreed in 2014.
Addtech Automation, a business area in the Addtech Group, has signed an agreement to acquire 100% of the shares of BV Teknik A/S, a Danish designer and builder of customized production solutions for the automation industry with a focus on medical technology. The acquisition closed on November 13, 2023.
BA Glass acquired a 60% equity stake in Mexican glass packaging producer Vidrio Formas, which has two Mexican plants and will be renamed BA Glass México; the price was undisclosed.
Swiss GF closed its tender offer for Finnish-listed Uponor on 13 November 2023, combining building technology businesses into a new GF Uponor division and moving infrastructure into GF Piping Systems.
CLS, part of the TESYA Group, has signed a binding agreement to acquire 100% of the shares of the company to which Degrocar will contribute its main assets, including the distribution of Mitsubishi forklifts in Italy. The closing is expected by December 31, 2023.
EDGE Group, a UAE-based advanced technology and defence group, has acquired a 50% stake in Polish aviation company Flaris and will establish a joint venture to further develop Flaris' portfolio of personal jets, including unmanned variants.
Volvo Group has been selected as the winning bidder for Proterra's Powered business unit, including a development centre in California and an assembly factory in South Carolina, for $210 million. The acquisition aims to accelerate Volvo's battery-electric roadmap.
Paques Environmental Technology India, owned by SKion Water, has become a majority shareholder in Sanpure Systems, a provider of high purity water systems for the pharmaceutical industry. Sanpure will continue under its founder's leadership.
Premier Tech, a North-East manufacturer, has acquired Envirowise, a UK-based wastewater treatment plant service and maintenance company. The acquisition aims to strengthen Premier Tech's presence and service offer in the UK.
Nucor acquired the assets of Cincinnati-based Garden Street Iron & Metal on behalf of its recycling subsidiary River Metals Recycling. The deal includes one feeder and one shredder yard, bringing RMR's total recycling facilities to 19.
Hindustan Aeronautics Ltd (HAL) and Safran Helicopter Engines incorporated a joint venture named Safhal Helicopter Engines Pvt Ltd to design, develop, certify, produce, sell, and support helicopter engines. First opportunities are engines for the Indian Multi-Role Helicopter and Deck Based Multi-Role Helicopter.
Axium Packaging completed the acquisition of Silte Srl, a family-owned plastic bottle and jar producer in Budrio near Bologna, Italy. Silte has a turnover of EUR 7.5 million and 25 employees.
Gehring-Montgomery has acquired the Wax Division of Strohmeyer & Arpe, expanding its wax product portfolio and strengthening its U.S. market position.
TekniPlex Healthcare signed a definitive purchase agreement to acquire Seisa Medical, a medical device manufacturer with facilities in the US, Mexico and Slovakia employing over 2,000 people. The acquisition enhances TekniPlex's capabilities in minimally invasive and interventional therapies.
Wyo-Ben, Inc. acquired the bentonite assets of M-I SWACO in the Greybull, Wyoming area, including a plant with approximately 75 employees who have been invited to stay on. The acquisition strengthens Wyo-Ben's position as a leader in the bentonite industry.
SHELLBACK Semiconductor Technology acquired the MERCURY+ batch spray cleaning product line from Tokyo Electron Limited, including intellectual property rights. SHELLBACK will manufacture new systems and provide support from its Coopersburg, Pennsylvania headquarters.
TransDigm Group has entered a definitive agreement to acquire the Electron Device Business of Communications & Power Industries (CPI) for approximately $1.385 billion in cash. The business manufactures electronic components for aerospace and defense.
ConMet, a global manufacturer of commercial truck components, has acquired TruckLabs, the maker of TruckWings aerodynamic devices. The acquisition was announced on November 9, 2023.
Casappa SpA completed the acquisition of 100% of the share capital of Benvenuti Srl, a precision machinery company headquartered in Sant'Ippolito, Pesaro Urbino, Italy. The press release is dated 9 November 2023.
Unicorr Packaging Group announced the acquisition of Pennsylvania-based TriState Container Corporation, a corrugated packaging maker with three Philadelphia-area facilities. TriState will operate as a subsidiary of Unicorr.
Shanghai Electric and Hitachi Energy announced the establishment of a joint venture, Shanghai Electric Hitachi Energy Power Technology Co., Ltd., to focus on offshore wind power transmission using flexible DC technology. The joint venture also signed a cooperation agreement with Shanghai Electric Wind Power Group.
Chinese auto-parts maker CITIC Dicastal has acquired German auto-parts supplier KSM Castings from European buyout firm Cognetas for an estimated EUR 300 million.