FLSmidth announced that all closing conditions for the sale of its Non-Core Activities material handling assets to KOCH Solutions have been met, with closing expected on 1 September 2023. The transaction includes intellectual property, order backlog, employees and facilities.

Jungheinrich AG acquired all remaining shares of Magazino GmbH from its founders and co-shareholders, having previously held a 21.7% stake. Magazino will operate as an independent company within the Jungheinrich Group.

Flexaseal Engineered Seals and Systems acquired Sound Seal and Packing of Edmonds, Washington, gaining its ViseSeal product and a Pacific Northwest presence. Deal value was not disclosed.

Global New Material International Holdings Limited completed the acquisition of a 42.45% stake in CQV Co., Ltd., making CQV a non-wholly owned subsidiary. The deal closed on 22 August 2023.

FPS Food Process Solutions, a global leader in freezing and cooling equipment, acquired GEM Equipment of Oregon, a manufacturer of fryers and blanchers for potato processing. The acquisition diversifies FPS's product offering and provides access to new global markets.

International Designs Group LLC, a portfolio company of Mill Point Capital LLC, has acquired Trajus Surfaces, LLC, a distributor of engineered quartz and natural stone products in the Mid-Atlantic and Northeastern United States. The acquisition expands IDG's geographic footprint and product portfolio.

Visteon completed three joint ventures and acquisitions in China: co-financing with SAIC for Yanfeng Visteon Automotive Electronics, acquiring Jiangsu Tianbao Technology and reorganizing it as Jiangsu Tianbao Automotive Electronics, and acquiring 51.85% of Excelsior Instrument to form Yanfeng Visteon Cheer East Automotive Instrument, and forming Visteon TYC Lamp with Taiwan Embankment West Transport Industry.

Nextech, a commercial HVAC/R service provider, acquired Brine's Refrigeration, adding approximately 500 employees to its team. The acquisition expands Nextech's nationwide service coverage.

German industrial group AEQUITA has agreed to acquire TMD Friction, a brake friction solutions specialist, from its Japanese parent company Nisshinbo Holdings Inc. The transaction is expected to close in Q4 2023.

AeroVironment announced a definitive agreement to acquire Tomahawk Robotics, a leader in AI-enabled robotic control systems, for $120 million in cash and stock. The acquisition aims to enhance interoperability of unmanned systems.

Cold Core Group, LLC acquired Aircor Refrigeration, LLC and Arctic Consulting, LLC, both South Carolina-based companies providing industrial refrigeration services and consulting. The acquisition supports Cold Core Group's expansion to the east coast.

MACOM Technology Solutions Holdings entered a definitive agreement to acquire the RF business of Wolfspeed, including a GaN wafer fab in North Carolina, for $125 million ($75 million cash and $50 million stock).

The Fair Competition Tribunal in Tanzania ruled that the Federal Competition Commission's decision to accept Heidelberg Materials' acquisition of a 68% stake in Tanga Cement from AfriSam was against the law, blocking the deal worth over TZS137 billion.

Welspun Enterprises Limited acquired a 50.10% stake in Michigan Engineers Private Limited, a trenchless technology-based EPC company in the urban water infrastructure segment, for an equity investment of Rs. 137.07 crore.

Siemens AG signed an agreement to acquire Heliox, a Netherlands-based provider of DC fast charging solutions for eBus and eTruck fleets. The acquisition will expand Siemens' eMobility portfolio and market reach in Europe and North America.

Bessemer-backed Tencarva Machinery Company acquired Fischer Process Industries, a distributor of pumps, valves and process equipment headquartered in Loveland, Ohio. Financial terms were not disclosed.

Finnovate Acquisition Corp., a SPAC, has entered into a definitive business combination agreement with Scage International Limited, a zero-emission heavy-duty commercial vehicle provider. The transaction values Scage at $1 billion post-combination.

RBC Bearings Incorporated acquired the business assets of Specline, Inc., a manufacturer of precision bearings for aerospace markets, for $18.7 million.

Saint-Gobain plans to finalize the acquisition of Building Products Of Canada on September 1, 2023.

Nakanishi Inc. (NSK) has reached a definitive agreement to acquire the remaining 51% membership interest of DCI International, a US dental equipment manufacturer, giving NSK 100% ownership. The acquisition price was not disclosed.

Food Processing Solutions has acquired GEM Equipment, a food processing machinery manufacturer based in Woodburn, Oregon. Terms were not disclosed.

SDCL EDGE Acquisition Corporation has signed a non-binding letter of intent for a business combination with Magnet Joint Venture GmbH's subsidiary Cunova and KME's Specialty Aerospace Business. KME is expected to hold a majority stake in the combined entity.

TTG Equipment and Kenn-Feld Group have merged to become TRU LAND Equipment, combining resources to remain a reliable equipment partner.

DuPont announced a definitive agreement to sell an 80.1% ownership interest in its Delrin acetal homopolymer business to TJC LP, valuing the business at $1.8 billion. DuPont will receive approximately $1.25 billion in cash at close, a $350 million note, and retain a 19.9% stake.

Xano Industri completed its acquisition of Integrated Packaging Solutions, a Denver-based canning-industry packaging company with about $16 million turnover, for $21 million in cash, announced August 22, 2023.

XANO signed an agreement, through a subsidiary, to acquire all shares in Integrated Packaging Solutions and its subsidiaries, based in Denver, Colorado. IPS supplies machine equipment and integration technology to metal can manufacturers.

Atlas Copco agreed to acquire Sykes Group Pty Ltd from Seven Group Holdings, a manufacturer of dewatering pumps based in Newcastle, New South Wales. The price was not disclosed and closing is expected in Q4 2023.

DuPont de Nemours agreed to sell an 80.1% controlling stake in its Delrin resins business to private equity firm The Jordan Company, valuing the unit at $1.8 billion.

Mitsubishi Electric and Mitsubishi Heavy Industries will launch a new joint company in April 2024, integrating their generator businesses, with Mitsubishi Electric holding 51% and Mitsubishi Heavy Industries 49%, headquartered in Kobe.

US rental company Herc Rentals has acquired Quality Rentals of Rosenberg, Texas.

Shandong Luyang Energy-Saving Materials Co., Ltd. agreed to acquire 100% of Qinai United Fiber (Shanghai) Co., Ltd. from UNIFRAX UK HOLDCO LTD. The acquisition was submitted for shareholder approval on September 6, 2023.

Northwinds Services Group acquired All-Temp Systems Mechanical, Inc., an HVAC and plumbing company based in Milford, Massachusetts. The acquisition expands Northwinds' reach in the New England region.

Birchview Capital has acquired Waterloo Biofilter Systems Inc., a Canadian developer and manufacturer of onsite wastewater treatment systems.

Superior Industries has acquired CEMCO, Inc., a manufacturer of Vertical Shaft Impact crushers, including a 140,000-square-foot facility in Belen, New Mexico.

Debe Flow Group has acquired the operations of TerraRoc Finland Oy, a market leader in geotechnical drilling, including its production unit in Finland.

Heramba has entered into a definitive agreement to acquire Kiepe Electric, a provider of electrification solutions for commercial and public transport, from Knorr-Bremse. The deal is expected to close in the second half of 2023.

Motion & Control Enterprises (MCE) has acquired Ultimation Industries, a provider of automation and material handling solutions based in Roseville, Michigan. This is MCE's fourth acquisition in 2023.

Wuchan Zhongda's subsidiary will acquire up to 82.3049% of Zhejiang Qixin Alloy Materials through share transfers and auctions, with a maximum total consideration of CNY 2.27 billion.

Ingersoll Rand completed its all-cash acquisition of Howden Roots from Chart Industries for approximately $300 million, adding low-pressure compression and vacuum technologies. The Connersville, Indiana manufacturing facility transferred to Ingersoll Rand.

SCG Chemicals (SCGC) and Braskem have signed a joint venture agreement to produce bio-ethylene from agricultural ethanol in Map Ta Phut, Rayong, Thailand, with a capacity of 200,000 tonnes per year.

CES Power LLC acquired Infinite Power, a provider of temporary mobile power and climate control solutions based in Beltsville, Maryland. Terms were not disclosed. The acquisition gives CES Power a new hub in the Washington-Baltimore area.

Mindray Netherlands, a subsidiary of Chinese medical device maker Mindray, purchased a 75% stake in German company DiaSys Diagnostic Systems from Gorka Holding for EUR 115 million. Mindray and Gorka will also add EUR 30 million and EUR 10 million respectively for business development.

Bruker Corp announced a definitive agreement to acquire Phenomex Inc in an all-cash transaction valued at approximately $108 million, or $1.00 per share, expected to close in Q4 2023.

Emerson announced a definitive agreement to acquire Afag Holding AG, a Swiss leader in electric linear motion and handling automation solutions, to expand its factory automation capabilities.

Trèves Group, a France-based automotive parts manufacturer, is acquiring Greiner Perfoam GmbH and its Czech subsidiary from NEVEON. The transaction is expected to close by end of 2023.

Ball Corporation has agreed to sell its aerospace business to BAE Systems for $5.6 billion in cash. The transaction is expected to close in the first half of 2024.

TPG Rise Climate has agreed to acquire a majority stake in A-Gas, a refrigerant gas lifecycle management company, from KKR. KKR will retain a minority stake.

Rotork has acquired Hanbay, a Montreal, Canada-based designer of flow control solutions. The acquisition is reported in an industry news roundup dated August 17, 2023.

Emerson announced a definitive agreement to acquire Afag Holding AG, a Swiss maker of electric linear motion, feeding and handling automation solutions, to strengthen its factory automation business. The deal expands Emerson's served market by more than $9 billion.

Fultra, the parent company of Fruehauf, acquired East Manufacturing, a producer of steel dump trailers and aluminum truck bodies, on August 16, 2023.