IGS GeboJagema, a Dutch high-precision moldmaker, acquired U.S.-based injection mold service provider TerBeek Machine & Tool as part of its North American expansion.
Aimia's Bozzetto Group subsidiary signed a definitive agreement to acquire 65% of StarChem, a specialty chemical manufacturer in Honduras, for $25 million, with a potential earn-out of $12.5 million.
Signia Aerospace, a portfolio company of Arcline Investment Management, acquired Meeker Aviation and Airfilm Camera Systems, a California-based supplier of aircraft external payload mounts and door hinge kits.
Renesas Electronics has extended its tender offer to acquire Sequans Communications until November 21, 2023, and has received clearance from the UK Secretary of State under the National Security and Investment Act. The offer is $0.7575 per ordinary share and $3.03 per ADS.
Emerson has finalized its takeover of National Instruments (NI) at a book value of $8.2 billion, expanding its automation and test and measurement solutions.
H.I.G. Capital portfolio company United Flow Technologies has completed the acquisitions of Tesco Controls, a control system integrator for water and wastewater, and The Henry P. Thompson Company, a provider of water and wastewater equipment. Terms were not disclosed.
Minebea Mitsumi Inc. has decided to acquire all shares of Hitachi Power Semiconductor Device, Ltd. from Hitachi, Ltd., making it a subsidiary, and also acquire the overseas sales business of Hitachi's power device business.
GCT Semiconductor, a fabless designer of 5G semiconductor solutions, has entered into a business combination agreement with Concord Acquisition Corp III. The transaction values GCT at a pro forma enterprise value of approximately $461 million and is expected to provide up to $87 million in gross proceeds.
Inari Medical has agreed to acquire LimFlow, a maker of a limb-saving device for chronic limb-threatening ischemia, for $250 million in cash upfront plus up to $165 million in milestone payments. The transaction is expected to close in Q4 2023.
MHM Automation has entered into a Scheme Implementation Agreement to be acquired by Bettcher Industries, a US-based food processing equipment company. The deal will provide MHM with capital and resources for growth.
Cameco and Brookfield Renewable Partners received regulatory approval to acquire Westinghouse Electric for $7.9 billion, with closing expected on or about November 7, 2023.
Sandvik completed the acquisition of esco GmbH, a German supplier of software for power skiving technology in gear machining.
Raymond Group acquired a 59.25% stake in Maini Precision Products Ltd for ₹682 crore, entering the aerospace, EV and defence components business.
Amplex AB acquired 95% of the share capital of Irish lifting and material handling provider Lift Rite Ltd from founders Mark and Mary Dardis. Lift Rite has 10 employees and annual sales of about EUR 7 million.
Japan's Torishima Pump Mfg formed a joint venture with UK sealing company AES Engineering to create AESSEAL-Torishima Japan Co Ltd, which will supply and service AES seals in Japan from Torishima's Osaka headquarters.
Conner Industries, a provider of lumber, industrial wood crates and pallets, acquired Denver Reel & Pallet Company, a custom wooden crate and pallet business in Denver, Colorado.
LyondellBasell acquired a 25% equity ownership in Cyclyx, the joint venture between Agilyx and ExxonMobil, to accelerate US plastics circularity infrastructure.
Mitsui acquired a 60% stake in Joy Global (Peru), a subsidiary of Komatsu, for an undisclosed amount. The deal closed on 2 November 2023, and the companies plan to merge Joy Global (Peru) with Komatsu Mitsui Maquinarias Perú (KMMP) to form a comprehensive mining machinery sales and service company in Peru.
Bosch Rexroth and Zhejiang Hechuan Technology have signed an agreement to form a joint venture for the Chinese automation market. Bosch Rexroth will also acquire a minority stake in Hechuan Technology. The joint venture will be based in Shanghai.
Epta has completed the formation of a joint venture with Viessmann Refrigeration Solutions and the acquisition of the refrigeration, air conditioning and ventilation technology division of Heifo.
Tower Alloys Industries Limited acquired 148,586,921 shares of Aluminium Extrusion Industries Plc, representing 67.55% of the issued share capital, becoming the majority shareholder. No financial details were disclosed.
Mutares and the Portuguese government concluded a deal for Mutares to acquire the Efacec group, ending a privatization process. Financial details were not disclosed.
Agile Robots AG has taken over the business operations of insolvent robotics specialist Franka Emika GmbH. Financial details were not disclosed. Agile Robots plans to continue operations with approximately 100 employees and invest in growth.
EIS, a distributor of electrical process materials, acquired Power Grid Supply, a supplier of transformer parts and components, to expand its product portfolio and geographic reach in North America.
Dingli will increase its stake in MEC from 25% to 49.8%, then buy the remaining shares to take full ownership. The deal will enable MEC to expand its US facilities.
Dubal Extrusion Investment (DEI), a unit of Dubal Holding, has completed the acquisition of Thermalex, an aluminium extrusion company specializing in multiport extruded tube, located in Montgomery, Alabama, US.
TransAlta Corporation announced it will acquire Heartland Generation Ltd. from Energy Capital Partners for approximately $658 million, including assumption of $268 million debt, adding 1,844 MW of generation capacity in Alberta and British Columbia.
Alta Equipment Group acquired Ault Industries, a Canadian equipment distributor in Ontario and Quebec, for $36 million, expanding its construction equipment segment into Canada.
Beijer Ref has signed an agreement to acquire 100% of the shares in Turner Engineering, an HVAC distributor in Perth, Australia, with an annual turnover of approximately SEK 200 million.
Pennsylvania Transformer Technology, a manufacturer of power transformers based in Canonsburg, Pennsylvania, was acquired by Quanta Services in November 2023.
Klöckner & Co agreed to acquire Industrial Manufacturing Services (IMS) through its U.S. subsidiary Kloeckner Metals Corporation, expanding its metal fabrication business in the USA.
Hitachi signed an agreement to transfer all shares of its subsidiary Hitachi Power Semiconductor Device to MinebeaMitsumi Inc.
Sonepar announced the acquisition of Hydeclim, a French specialist in air conditioning and air treatment equipment distribution, based in Nantes with 50 employees.
ITT Inc. has signed an agreement to acquire Svanehøj Group A/S, a marine pump specialist, for about $395 million. Svanehøj will become part of ITT's Industrial Process segment, focused on pumps, valves and aftermarket services.
Daiwabo Holdings announced in November 2023 it will sell 85% of its subsidiary Daiwabo Spinning to investment firm Asparanto Group, effective January 18, 2024.
United Mattress Machinery and Mert Makina have merged to create United Mert Makina, combining sewing and automation expertise for mattress production equipment. The deal was completed in November 2023.
Clean Solutions Group acquired HDK Industries, a manufacturer of nonwoven fabrics and composites based in Rogersville, Tennessee. The acquisition took place in November 2023.
Ziemann Holvrieka, a brewing equipment manufacturer, acquired Künzel Maschinenbau, a German expert in malt handling and grist mills, to expand its brewery solutions portfolio.
VHE Industrial Automation acquired the panel construction activities of QnQ Engineering B.V. on November 1, 2023, as part of its growth strategy.
Huizenga Group Automation acquired Adaptek Systems, an automation systems design firm, and API Alliance, a manufacturer of custom electronics and electro-mechanical assemblies. Both companies are headquartered in Fort Wayne, Indiana.
SiTime entered an exclusive agreement to acquire clock products and license clock IP from Aura Semiconductor for fixed payments of $148 million and earnouts up to $120 million. The transaction is expected to close by end of 2023.
Rodda Paint Co. acquired Valley Paint Manufacturing, a producer of industrial coatings based in Woods Cross, Utah. The acquisition was completed in November 2023.
Peruvian-based Grupo UNACEM finalized the acquisition of 100% shares of Martin Marietta Southern California Cement, LLC for $315 million. The acquisition includes an integrated clinker and cement operation in Tehachapi, California.
Kymera International, a specialty materials company, has closed the acquisition of the majority of assets of KDF Fluid Treatment Inc., a provider of sustainable media for water and industrial treatment systems based in Three Rivers, Michigan.
OMV and ADNOC are in negotiations to merge their chemicals businesses, including petrochemicals group Borealis (75:25 owned by OMV and ADNOC) and Borouge (54:36 owned by ADNOC and Borealis). The deal would create a listed entity.
nke Group, a marine instrumentation company, has acquired Aquaread, a manufacturer of water quality monitoring equipment. The acquisition was announced on November 1, 2023.
Ahlsell, a Nordic distributor of installation products, has agreed to acquire family-owned Bacher Work Wear, a supplier of workwear and uniforms in Denmark. The acquisition is subject to approval from the Danish Competition Authority.
Spirit AeroSystems announced on October 31, 2023, a final agreement to acquire Bombardier's aerospace structural assets in Belfast, Casablanca and Dallas for $500 million cash. The deal includes long-term contracts for Airbus A220 and A320neo and Bombardier aircraft.
Cemex Deutschland completed the acquisition of Kiesel Bauchemie, a German technology company for high-performance installation materials, on October 31, 2023. The integration began in November 2023.
BITZER, the refrigeration, air conditioning and heat pump specialist, acquired Czech company BPOWER, a.s., an Organic Rankine Cycle (ORC) expert based in Havlíčkův Brod, Czech Republic, in late October 2023.