Italtractor ITM SpA and DOZCO (India) Pvt. Ltd. created a joint company called ITM DOZCO Pvt. Ltd. to supply undercarriage components and track systems for earthmoving machines in India and globally.
Atlas Copco has acquired the WestRon Group, a Canadian distributor focused on sales, installation and service of small industrial compressors and blowers. WestRon is based in Calgary, Alberta, has 26 employees and its purchase price was not disclosed.
Cooper Machinery Services, a portfolio company of Arcline Investment Management, completed the acquisition of Reciprocating Technology Services (RTS), a TTS Energy Services company.
Angeles Equity Partners acquired Crenlo Cab Products from KPS Capital Partners and Worthington Industries Engineered Cabs from Worthington Industries, merging them into a combined business majority owned by Angeles.
Italtractor ITM SpA and DOZCO (India) Pvt. Ltd. announced the creation of a joint venture, ITM DOZCO Pvt. Ltd., to manufacture undercarriage components for earthmoving machines in India. The venture will serve both local and global customers.
KONE Elevator India inaugurated a new elevator manufacturing facility in SIPCOT Industrial Park, Sriperumbudur near Chennai, built at an investment of INR 450 crore, employing around 600 people.
Fluid power distributor SunSource joined forces with The Hope Group, a Northborough, Massachusetts distributor of hydraulics and pneumatics, as announced in a letter to customers and vendors on November 5, 2019; the deal was announced internally on October 31, 2019.
KHS broke ground on a new plant and service center in Kunshan, China, a roughly 10,000 square metre factory with a total investment of about €10 million. The groundbreaking took place October 17, 2019.
Kaman Corporation agreed to acquire Bal Seal Engineering, a maker of precision springs, seals and contacts, for $330 million in cash. Bal Seal expects about $95 million in revenue for 2019.
Scheugenpflug has signed an agreement to be acquired by Atlas Copco Group. Scheugenpflug will operate independently within Atlas Copco's Industrial Assembly Solutions division.
Kendrion entered a definitive agreement to acquire INTORQ GmbH & Co. KG for an enterprise value of €80 million. INTORQ manufactures brakes and clutches, with sites in Germany, China, the US and India. Closing expected in Q1 2020.
Boels Verhuur B.V. entered into a combination agreement to acquire Cramo Oyj from EQT and other shareholders for approximately €610 million, through a voluntary recommended public cash tender offer.
MAHA USA and ARI-HETRA announced a partnership to design, manufacture, sell and service heavy-duty truck maintenance shop equipment in North America, combining manufacturing at MAHA's facility in Pinckard, Alabama.
XCMG completed a record-breaking order of excavators, loaders, graders and crawling loaders for the C1 project in Argentina, totaling USD 6.5 million. Over 85% of the machinery was produced at XCMG's manufacturing base in Brazil.
Johnson Controls announced it acquired Synchrony, a Roanoke, Virginia developer of active magnetic bearing technology, from Siemens Gas and Power. The deal closed November 1, 2019 and will improve its centrifugal chiller products.
Private equity firm First Reserve agreed to buy TriMas' Lamons business, a provider of industrial sealing and fastener solutions, for $135 million in cash. Closing is expected by the end of the first quarter of 2020.
Nantong Yikadi Industrial Technology plans a 1 billion yuan project in Tongzhou district, Nantong, to make oil-free air compressors, brushless inverter compressors and door closers on a former Caterpillar site. The project is pending government approval, with 400 jobs planned.
Hitchiner Manufacturing opened a new 85,000-square-foot manufacturing building on its Elm Street Campus in Milford, New Hampshire, representing a $50 million capital investment. The first group of 30 employees began working there in November 2019.
SOCOTEC won an exclusive contract to provide testing, inspection and certification services for all 59 industrial sites of Avril Group in France. The contract was signed in November 2019.
ACS broke ground on a new 48,000-square-foot headquarters in Verona, Wisconsin, combining office and manufacturing space for increased capacity in fabrication and assembly.
Ingersoll Machine Tools won a $135 million contract to build the steel structure of the Giant Magellan Telescope. The telescope will be manufactured in Rockford, Illinois and installed in Chile, with delivery expected in 2025 and full operation by 2028.
HELLER Machine Tools has partnered with Ellison Technologies, as announced on November 1, 2019. The partnership likely involves distribution or collaboration in machine tool sales.
BBS Automation has acquired China-based ReaLead, Italy-based Team S.r.l. (now BBS Winding S.r.l.), and Poland-based ANT Sp. z o.o. to expand its automation solutions and industrial software capabilities. The acquisitions closed in 2018 and 2019.
Amsted Seals acquired Clark Seals Ningbo, to be renamed Amsted Seals Ningbo, an IATF-certified seal plant in Ningbo, China. A 10-year commercial agreement makes Clark Seals LLC a preferred distributor.
Fortive Corporation acquired Censis Technologies, Inc. from Riverside Partners, LLC on October 31, 2019. The acquisition was part of a larger $1.2 billion purchase of four businesses.
Bavelloni SpA finalized the acquisition of 100% of the shares of Glaston Mexico S.A. de C.V., which will be renamed Bavelloni Mexico. The subsidiary specializes in sales and service of Bavelloni products and Glaston HT machines.
Shenzhen Inovance Technology Co., Ltd. completed the acquisition of Shanghai BST Electric Co., Ltd. from Zhao Jinrong, Wang Jun, and Zhu Xiaodi for CNY 2.7 billion. The deal was initially agreed on April 2, 2019, and completed on October 31, 2019.
SP Industries, a Harbour Group company, acquired i-Dositecno, a global provider of sterile filling lines for pharmaceutical, cosmetic and ophthalmic applications. Terms were not disclosed.
JEC Group and China Composites Group Corporation signed a partnership agreement to join forces in China to promote composite solutions.
Rheinmetall was awarded a EUR210 million contract to supply short-range air defence systems including Skymaster command-and-control systems, X-TAR3D radars, Oerlikon Revolver Guns, and ammunition to an international customer. The contract will be completed by 2022.
Ingersoll Machine Tools, a Camozzi Group subsidiary, was awarded a contract by GMTO Corporation to produce the 1,300-ton precision steel optical support structure for the Giant Magellan Telescope. The contract is part of a $135 million investment and the structure is due to be delivered to Chile by end of 2025.
Ingersoll Machine Tools, a subsidiary of Camozzi Group, won a $135 million contract from GMTO to manufacture the precision steel optical support structure for the Giant Magellan Telescope. The contract was signed on October 30, 2019, after a two-year global competition.
Metsä Board is proceeding with the first phase of the renewal of its Husum pulp mill in Sweden, including a new recovery boiler and turbine, with a total investment of approximately EUR 320 million. The company has selected main equipment suppliers and will make financial commitments of up to EUR 100 million before the final investment decision.
GMTO Corporation signed a $135 million contract with MT Mechatronics and Ingersoll Machine Tools to design, build and install the precision steel structure for the Giant Magellan Telescope in Chile.
Matsuura Machinery and Emuge-Franken announced a partnership to develop tooling solutions for hybrid additive manufacturing, combining selective laser melting and high-speed milling in one machine.
ProMach acquired Jet Label & Packaging, a Edmonton-based label maker with seven offices across Western Canada, to expand its labeling and coding capabilities. The announcement was made on 30 October 2019 and no value was disclosed.
Schindler Vietnam opened a $8 million, 10,000 sq.m elevator components manufacturing plant at the Hiep Phuoc Industrial Zone in HCM City's Nha Be District. The plant will become the company's manufacturing hub for Southeast Asia.
Metso's extraordinary general meeting approved the demerger plan and partial demerger to combine with Outotec Oyj, creating Metso Outotec. The combined company had sales of €3.9 billion in 2018, with completion expected in Q2 2020.
Yamazaki Mazak has made a series of investments at its Worcester, UK manufacturing site, including two new manufacturing cells with INTEGREX i-Series machines and RoboJob automation, a VTC-800 series machine, and a factory extension. The facility will be upgraded to iSMART Factory status.
Zhejiang Zhongchai Machinery, a subsidiary of Greenland Technologies, completed its move to a newly-constructed manufacturing facility in Shaoxing, China, increasing annual production capacity to 200,000 sets of transmission systems from 80,000 sets.
Alfred Woltering Stahl- und Maschinenbau invested in a three-story office building, a welding robot system, and a new boring mill in its anniversary year. The company aims to broaden its customer base.
The Chair of Polymer Materials at Friedrich-Alexander-Universität Erlangen-Nürnberg awarded a contract for a fiber spinning line (bico-MBS) to an unnamed supplier for EUR 640,200, for research purposes.
DMG Mori's Ulyanovsk machine tool plant increased production by 18% in the first nine months of 2019 compared to the same period in 2018, and plans to transition to a new equipment series starting in 2020.
Analog Devices announced the acquisition of Test Motors, a Barcelona-based company specializing in predictive maintenance of electric motors and generators, to expand its condition-based monitoring portfolio for Industry 4.0.
QuickLoadz, a manufacturer of patented truck beds and trailers for container loading, announced expansion into the Bill Theisen Industrial Park in Athens County, Ohio. The company plans to add 40 jobs and grow to 52 employees over three years.
Montabert opened a new 50,000-sq.-ft. distribution and customer care center in Nashville, Illinois, to serve the Midwest and East Coast. The facility houses products and customer care teams.
China-based Heifei Risever Manufacturing opened its heavy equipment parts manufacturing facility in Jonesboro, Arkansas. The company plans to invest over $20 million and create 130 jobs over five years, with a target annual capacity of 18,000 tons of steel.
Manitowoc won a $28.2 million order to supply the US Army with specially adapted Grove all-terrain cranes. The contract is expected to be fulfilled in 2020.
Sew-Eurodrive's Russian subsidiary plans to build a gear motor assembly plant in Novosibirsk for €15 million, with completion targeted for January 2021 and capacity of 10,000 units per year.
Sommer Kranverleih GmbH and KLS Kran- und Schwerlast GmbH have added three Liebherr mobile cranes (LTM 1070-4.2, LTM 1130-5.1, LTF 1045-4.1) to their fleet, stationed in Bremerhaven and Bremen. An LTM 1450-8.1 has also been ordered for delivery in spring 2020.