Ferag AG, a Swiss intralogistics company, has acquired Australian warehouse automation software pioneer dereOida. The merger combines Ferag's material flow systems with dereOida's doWarehouse software.
Tuthill Corporation has entered into an agreement to acquire EaglePicher Technologies, a defense and aerospace battery manufacturer. The transaction is expected to close in 2023.
Star Cutter Company acquired the Tru Tech CNC grinding systems, units and support services business from Resonetics, including the Revolution family of grinding machines.
Abbott has agreed to acquire Bigfoot Biomedical, a developer of smart insulin management systems. The transaction is expected to close in Q3 2023; financial terms were not disclosed.
Japanese pump maker Tsurumi became majority shareholder of British distributor Obart in Maidstone, Kent, which now trades as Tsurumi Pumps UK from 1 September 2023. The move gives Tsurumi six sales companies in Europe.
Funds managed by Oaktree Capital Management agreed to acquire a controlling stake in Aqseptence Group, an international water treatment equipment and solutions provider. The existing management team will continue to lead the business.
Stangeland Gruppen became a co-owner of K. Volden Transport, a Fitjar-based excavation, transport, and earthmoving company, to strengthen its presence in Sunnhordaland, Norway.
Gruppo Grigolin, a major Italian construction materials group, has acquired Opera Srl, a Forlì-based specialist in chemical products for construction, with 2022 revenue of EUR 6 million.
Eigenmann & Veronelli has acquired 100% of IMEA Technologies, a specialty chemicals distributor based in Sharjah, UAE, to strengthen its footprint in the Middle East and Africa. IMEA Technologies had revenues of approximately AED 68.5 million in 2022.
Munters has signed an agreement to acquire ZECO Aircon Limited, an Indian air treatment manufacturer headquartered in Gurgaon, for an estimated enterprise value of MSEK 790. The deal is expected to close before year-end and will be financed through existing credit facilities.
BDR Thermea Group acquired a 25% stake in G.I. Holding, owner of brands CLINT, KTK KLIMATECHNIK, NOVAIR and MONTAIR. G.I. Holding manufactures heat pumps, liquid chillers, air handling units, and cooling systems, with plants in Italy and Hungary and 300 employees.
The Public Investment Fund (PIF) signed a share purchase agreement to acquire 100% of Saudi Iron & Steel Company (Hadeed) from SABIC. In a cross-conditional deal, Hadeed will acquire 100% of AlRajhi Steel Industries Company (Rajhi Steel) from Rajhi Invest in exchange for newly issued Hadeed shares, creating a national steel champion.
Albemarle Corporation submitted a non-binding revised proposal to acquire all outstanding shares of Liontown Resources Limited for A$3.00 per share, valuing Liontown at A$6.6 billion (US$4.3 billion). The Liontown board intends to recommend the proposal subject to a binding agreement and conditions.
Metalcoat S.p.A. completed the acquisition of a new 110,000 sqm plant in Ascoli Piceno, Italy, in September 2023. The company plans to invest €10-12 million over three years to expand production lines and hire additional staff.
Kitagawa Iron Works has acquired all remaining shares of its Mexican subsidiary Kitagawa Mexico from Nippon Steel Trading, making it a wholly owned subsidiary. The acquisition was completed in September 2023.
Getinge, a Swedish medical equipment company, acquired 100% of the shares in Healthmark Industries Co. Inc., a provider of instrument care and infection control consumables, for approximately $320 million. Healthmark is based in Fraser, Michigan, USA.
AIS Glass Solutions Limited acquired assets of Balaji Building Technologies Limited in a strategic deal in September 2023.
MacLean Power, LLC acquired Inertia Engineering and Machine Works, Inc., a manufacturer of switchgear and automation equipment for the utility market, based in Stockton, California.
Tredegar Corporation announced on September 1, 2023, that it has agreed to sell its flexible packaging films business Terphane to affiliates of Oben Group for net debt-free base consideration of $116 million. The transaction includes manufacturing sites in Brazil and New York.
Hillenbrand has completed the acquisition of the Schenck Process Food and Performance Materials business from Schenck Process Group for an enterprise value of approximately $730 million, adding over 1,300 employees and complementary technologies.
US-based canmaking equipment manufacturer Belvac Production Machinery has acquired Arc Pacific to strengthen its position in the two-piece canmaking machinery sector.
Kaprain investment group has agreed to acquire 100% of Synthesia chemical enterprise, Mafra and LONDA from Agrofert, subject to antitrust approval. The deal will strengthen Kaprain's position in the European specialty chemicals market.
Motus Nordic, a Danish conveyor and industrial gate producer, has acquired a majority shareholding in Klovborg Maskinfabrik, a manufacturer of conveyor systems. The prior owners retain a minority stake.
CSR Limited has completed the acquisition of Woven Image, a leader in sustainable acoustic finishes and textiles. The agreement was announced on 4 July 2023.
Rexel S.A. has acquired Wasco Holding B.V. from Gilde Equity Management Benelux B.V. and management for an enterprise value of approximately €490 million. Wasco generated revenue of about €540 million in the period ended April 30, 2023.
Flexpak LLC completed its acquisition of Katzke Packaging Co., a packaging distributor based in Aurora, Colorado, on 1 September 2023, backed by Shorehill Capital.
Smurfit Kappa and WestRock signed a merger agreement valued at about $20 billion, creating the world's largest packaging company by revenue. The Consello Group advised WestRock.
Tredegar agreed to sell its Terphane flexible packaging films business, with about 500 employees and sites in Brazil and New York, to affiliates of Oben Group for net debt-free base consideration of $116 million. Closing is subject to competition clearance in Brazil and Colombia and is expected in 8 to 14 months.
Aurora Energy Services has acquired Scottish lifting and inspection company NMS - Northern Marine Services.
Changhong Hi-Tech announced plans to purchase 100% equity of Guangxi Changke New Materials for cash. Guangxi Changke is China's largest bulk-method ABS resin manufacturer with a designed capacity of 600,000 tons/year. The transaction is expected to constitute a major asset reorganization.
Bosch has completed the acquisition of assets of TSI Semiconductors Corporation in Roseville, California, forming Robert Bosch Semiconductor LLC. Bosch plans to invest $1.5 billion to transform the site into a silicon carbide semiconductor facility, with production starting in 2026.
Optimera has agreed to buy all shares in Røsand Byggevare AS from Betonmast Eiendom, becoming 100% owner of the Montér Røsand building materials store on Averøya, Norway. The store opened in 2019 and covers 2,500 square meters.
JOST Werke SE has signed a purchase agreement to acquire LH Lift Oy, a Finnish manufacturer of three-point linkages and hitches for agricultural tractors. LH Lift has production sites in Finland and China with about 88 employees.
Barnes Group Inc. completed its acquisition of MB Aerospace, a provider of precision aero-engine component manufacturing and repair services, for $740 million.
Henkel acquired Critica, a U.S.-based company, to expand its sustainable maintenance, repair, and overhaul portfolio.
Gehring-Montgomery acquired the Wax Division of Strohmeyer & Arpe, expanding its wax product portfolio and strengthening its position in the U.S. market.
The Dürr Group completed the acquisition of automation specialist BBS Automation, headquartered in Garching near Munich, Germany. The enterprise value is between €440 million and €480 million, depending on 2023 results. BBS Automation has around 1,500 employees and 16 locations.
AEA Investors' Middle Market Private Equity team closed the acquisition of SCIO Automation Holding GmbH, a German industrial automation system integrator headquartered in Frankenthal, Germany. Quadriga Capital, the prior majority owner, reinvested a minority position.
Covestro increased its shareholding in Japanese joint venture DIC Polymers GmbH from 50% to 80%, aiming to accelerate its TPU business expansion. The investment is tens of millions of euros, expected to close in early Q2 2019.
Cartonajes Vir signed an agreement on August 31, 2023 to acquire 100% of the shares of Cartonastur, S.A. in Asturias, Spain. The combined company will have over 150 workers and revenue above 30 million, with the deal to close before the end of 2025.
Flowserve and Velan extended the outside date of their February 2023 arrangement agreement by 30 days to October 7, 2023, because regulatory approvals were not yet all obtained.
Australian packaging company Orora confirmed advanced negotiations with Olympe, the holding company of France-based Saverglass, for a potential acquisition. The parties were still finalising funding and deal terms as of 30 August 2023.
Infinium Medical acquired all intellectual, technical, and manufacturing rights for the OBA-1 and OBA-1(MRI) Mobile Anesthesia Delivery System from Cardinal Medical Specialties, Inc. The acquisition was announced on August 30, 2023, and Infinium Medical will take over manufacturing at its Largo, Florida facility.
Eqwal, a global O&P patient care services provider, acquired Spinal Technology, a designer and fabricator of spinal orthoses. The acquisition was finalized on August 30, 2023.
China Sanjiang Chemical's indirect wholly-owned subsidiary Sanjiang Chemical plans to acquire 100% equity of Lotte Chemical (Jiaxing) Co., Ltd. from Lotte Chemical Co., Ltd. for approximately RMB 212 million. The target company manufactures ethanolamine and other ethylene oxide derivatives.
Grigolin Group acquired Opera, a Forlì-based company specializing in chemical products for construction, including adhesives, sealants, and technical mortars.
INEOS will acquire a 50% stake in Shanghai Secco Petrochemical Co., Ltd., a Sinopec subsidiary with 4.2 million tonnes/year capacity. The deal is part of three joint venture agreements totaling $7 billion.
Watts Water Technologies, Inc. entered into a definitive agreement to acquire Bradley Corporation for $303 million. Bradley is a manufacturer of commercial washroom and emergency safety products with annual net sales of approximately $200 million.
Titan Machinery Inc. entered into a definitive agreement to acquire J.J. O'Connor & Sons Pty. Ltd. (O'Connors), the largest Case IH dealership group in Australia, for $63 million in cash. O'Connors operates 15 dealerships in southeastern Australia.
HMG Global, a foreign entity established by Hyundai Motor Group, acquired a 5% stake in Korea Zinc for approximately 527.2 billion won ($527.2 million). The stake acquisition strengthens collaboration in the EV battery value chain.