Highland West-backed Bid, an integrated supplier to the wood processing industry, has agreed to acquire Industrial Cutting Solutions. The deal was announced on August 30, 2023.

Clarios, a leader in low-voltage batteries, will purchase Paragon GmbH & Co. KGaA's power business that produces batteries and battery management systems for the automobile industry.

Keswick Partners, an investment firm, has acquired Metal Tech, an industrial equipment repair and services firm.

JOST Werke SE signed agreements to acquire 100% of Crenlo do Brasil (Brazilian off-highway and agricultural machinery cab manufacturer) and LH Lift Oy (Finland, three-point linkage and hitches) for a combined purchase price of EUR 56 million.

Smiths Group plc acquired US-based HVAC manufacturer Heating & Cooling Products (HCP) for $82 million on a cash and debt-free basis. HCP will be integrated into Smiths' Flex-Tek division.

Hitachi Energy signed a purchase agreement to acquire COET S.p.A., an Italian designer and manufacturer of power equipment for rail and e-mobility, based in San Donato Milanese. The acquisition is expected to close by end of 2023.

DAIHEN CORPORATION announced the acquisition of LORCH, a German welding equipment company based in Auenwald. The acquisition aims to expand DAIHEN's market presence in Europe and beyond.

Mimir Invest AB completed its acquisition of Billerud Managed Packaging AB from Billerud AB, a unit with 143 employees in Asia, Europe and the USA and 2022 net sales of SEK 770 million.

Ellies Holdings received unconditional approval from the Competition Commission to acquire 100% of Bundu Power for a maximum of R202.6 million. The deal includes an initial payment of R72.6 million and R130 million in earn-outs.

Private equity firm MML has acquired a significant minority stake in Ross-shire Engineering (RSE), a water industry technology provider, with Envoy and management remaining majority shareholders.

Schaeffler India, a subsidiary of Schaeffler AG, has proposed to acquire 100% shareholding of KRSV Innovative Auto Solutions Private Limited (Koovers) from its founders and existing investors for approximately INR 1.42 billion. Koovers provides spare parts solutions to the Indian automotive aftermarket.

Schenck Process Australia Pty Limited, acquired by Sandvik in November 2022, will change its name to Sandvik Rock Processing Australia Pty Limited on October 1, 2023, as part of the integration of SP Mining into Sandvik.

Valmet agreed to acquire the Process Gas Chromatography business of Siemens AG, announced 29 August 2023.

EXLABESA has acquired FLANDRIA ALUMINIUM, a French company specializing in aluminium extrusion, machining, surface treatment, and recycling. FLANDRIA has facilities in Warneton, France, covering over 35,000 m², with two presses and an aluminium recycling plant.

Belvac Production Machinery, a Dover Corporation company, acquired Arc Pacific, a supplier of can washers and ovens for the metal packaging industry. Arc Pacific has facilities in China and Thailand.

Inter-National Electronics Alloys LLC, operating as National Electronic Alloys (NEA), acquired Ed Fagan Inc. (EFI), a specialty metals supplier. The combined entity will integrate operations.

Honeywell acquired Israel-based SCADAfence, a provider of OT and IoT cybersecurity solutions, to strengthen its cybersecurity offerings for manufacturing and process industries.

Metso signed an agreement to acquire Ab A. Häggblom Oy, a Finnish engineering and manufacturing company specializing in mining truck bodies and buckets. The transaction value was not disclosed.

BYD Electronics entered into an acquisition framework agreement with Jabil to acquire 100% of Juno Newco Target Company for approximately RMB 15.8 billion. The acquisition includes manufacturing operations in Chengdu and Wuxi.

Bakelite Synthetics announced a definitive agreement to acquire LRBG Chemicals, a Canadian resin manufacturer with facilities in Longueuil, Quebec. The acquisition expands Bakelite's footprint into Canada.

VPC Group, a vertically integrated foam and fiber manufacturer, has acquired Fibrix, a nonwoven business based in Conover, North Carolina. VPC's nonwoven businesses will be consolidated under the Fibrix banner.

Nordic Climate Group has acquired Kylanläggningar i Norrköping AB, a Swedish company specializing in refrigeration and heat pump solutions for climate, food industry and large kitchens, to strengthen its position in eastern Sweden.

A consortium managed by Recco Control Technology Pte. Ltd. and Dazheng Group has confirmed an optional conditional offer to acquire Hollysys Automation Technologies Ltd for $1.55 billion ($25 per share).

3B Scientific, a manufacturer of medical simulation products, announced it has reached an agreement to acquire iNNOGING Medical, developer of the cloud-based ultrasound simulation solution e Sono.

BYD Electronic (International) Company Limited agreed to acquire Jabil Inc.'s mobile electronics manufacturing business in China for 15.8 billion yuan ($2.2 billion). The deal will expand BYD Electronic's customer base and smartphone components business.

The European Commission authorized the acquisition of Wasco Group B.V. by Rexel Développement S.A.S. under a simplified merger control procedure, finding no competition concerns.

Kontron AG agreed to acquire Hartmann Electronic GmbH and W-IE-NE-R Power Electronics Corp. from Phoenix Mecano AG for €22.1 million. The closing is expected by Q4 2023.

Shore Capital-backed packaging distributor 360Pack acquired Colorado-based custom packaging solutions provider Team Packaging. No financial terms were disclosed, and founder Mike Anderson will continue to lead commercial strategy.

Jabil Inc. announced a preliminary agreement with BYD Electronic (International) Company Limited to sell its Mobility business in a potential transaction valued at approximately $2.2 billion. The deal is subject to due diligence, definitive agreement, and regulatory approvals.

Sidi Kerir Petrochemical Company (SIDPEC) is set to complete its acquisition of the Egyptian Company for Ethylene and Derivatives Production (ETHYDCO) by the end of October 2023, pending shareholder approval.

Hubbard-Hall acquired the assets of BioConversion Technology (BCT), a supplier of biologics and chemistries for wastewater treatment. The acquisition closed on August 25, 2023.

Asterion Industrial Partners has signed an agreement to acquire STEAG from a consortium of municipal utilities for an enterprise value of approximately €2.6 billion. Asterion plans to expand STEAG's green energy business.

Peru-based UNACEM has agreed to acquire Martin Marietta Materials' Tehachapi cement plant in California for $317 million. The deal is expected to close in mid-late 2023.

IFS has agreed to purchase Poka, Inc, a connected worker platform that enables factory and field workers to be more efficient and measures productivity across machinery and operators.

Exxon Mobil Corporation has agreed to acquire Denbury Inc. for $4.9 billion to strengthen its Low Carbon Solutions business through Denbury's carbon capture, utilization and storage (CCS) solutions.

Elvaan Group Inc., parent of Elvaan Equipment Solutions, has completed the acquisition of Jade Equipment Company Ltd, a construction, mining, oil & gas and road machinery equipment dealer with locations in Alberta and Ontario, Canada.

TE Connectivity launched an all-cash public tender offer for all publicly held shares of Schaffner Holding for CHF 505 per share, valuing the deal at €335 million. Schaffner is a developer of EMC filters for large equipment, heat pumps and automotive.

Glen Dimplex Europe Holdings Limited signed an agreement to acquire Hyfra Industriekühlanlagen GmbH from Lennox International Inc. The transaction is expected to close in the fourth quarter of 2023.

Danfoss has finalized its approximately $3.3 billion acquisition of Eaton's hydraulics business after receiving all regulatory approvals. The business will be combined with Danfoss Power Solutions, adding about 10,000 employees.

Saudi Arabian Gas Arabian Services Company (GAS) signed an agreement with India's Tubefit Engineers to set up Tubefit Arabia Factory, a valve and instrumentation fittings joint venture in Saudi Arabia. Tubefit Engineers will hold 53% and GAS 47%, with an investment of $1.33 million.

Saica Group has agreed to acquire a minority share of Pacapime, a Belgian corrugated cardboard company based in Halle with 109 employees and EUR 61 million revenue in 2022. The deal strengthens Saica's presence in the Benelux and France.

The Norwegian division of Helsinki based Renta has acquired Norwegian crane and access rental group Mylift Holding.

Martin Marietta Materials entered a definitive agreement to sell its Tehachapi, California cement plant to UNACEM Corp S.A.A. for $317 million in cash. The transaction is expected to close in the second half of 2023.

Nordic Climate Group has acquired PVN Køleteknik A/S, a Danish refrigeration company based in Ringe, Fyn. The acquisition strengthens Nordic Climate Group's position in Denmark as a leading installer of cooling, heating, and energy solutions.

JAMBES MACHINES, a Walloon distributor of stationary machines for wood and metal, has acquired BAUWENS ROGER SA, a specialist in metalworking machinery. The acquisition will centralize activities at JAMBES MACHINES' site in Gembloux by end of 2023.

Stellantis has acquired a 33.33% stake in Symbio, a fuel cell mobility company, alongside Michelin and FORVIA, each holding equal shares. The transaction was completed on July 27, 2023, and contributes EUR 150 million to FORVIA's net debt reduction.

AxFlow Norway Group acquired VA-Prosjekt Midt-Norge AS, a Trondheim supplier of pump stations and elevated reservoirs with 2021 revenue of NOK 77 million. The company continues as a separate subsidiary in the same premises.

ABC Technologies has entered into an agreement to acquire the automotive business of Plastikon Industries for $130 million.

Ravago Group agreed to acquire a controlling interest in M. Holland Company, a distributor of thermoplastic resins. The transaction is expected to close in late 2023, subject to regulatory approvals.

Michelin announced the acquisition of Flex Composite Group (FCG), a European producer of high-tech textiles and films, from private equity firm IDI for €700 million. The deal is expected to close by the end of Q3 2023.