OnCore Motor Group, led by CEO Grant Bibby, acquired Reuland Electric, a manufacturer of electric motors for applications including bridges, cranes, and military.
DB Inc. (DB) will absorb DB Metal, a ferroalloy producer, via a merger. The merger is expected to be completed around February 2024.
Duravant LLC announced it has acquired National Presort, LP, a manufacturer of automated parcel sortation systems headquartered in Fort Worth, TX. NPI serves e-commerce, courier, and warehouse operations.
Columbus McKinnon Corporation announced it has completed its acquisition of Kito Crosby Limited from funds managed by KKR.
Mission Plastics Inc. of Ontario, California, has acquired Andercraft (NMH Marketing LLC) of Mexicali, Mexico, an injection molder operating a 60,000-square-foot plant.
Concurrent Technologies Plc entered a conditional agreement to acquire the entire issued share capital of Phillips Machine & Welding Company, Inc for US$3.375 million, with the machine shop division being transferred out prior to completion, leaving the Aerospace and Military division.
An affiliate of Sun Capital Partners reached a definitive agreement to acquire Koch Separation Solutions from Koch Engineered Solutions. KSS, headquartered in Wilmington, Massachusetts, will operate as a standalone business after the transaction.
Johnson Controls has acquired Gordon Brothers Industries, an Australian industrial refrigeration company, to expand its industrial refrigeration solutions into mining, chemical, and food and beverage verticals in the Asia Pacific region.
Tower Semiconductor and Intel mutually agreed to terminate their February 2022 merger agreement after failing to obtain required regulatory approvals. Intel will pay Tower a $353 million reverse termination fee.
Emerson Electric Co. entered into a definitive agreement to acquire FLEXIM Flexible Industriemeßtechnik GmbH. The transaction is expected to close by the end of Emerson's fiscal 2023.
Smurfit Kappa announced the acquisition of Cartonajes Carrion, a Spanish packaging producer located in Alcolea, Cordoba, with a strong presence in high-quality retail packaging and printing. No financial details were published.
Emerson agreed to acquire FLEXIM Flexible Industriemesstechnik GmbH, a Berlin-based maker of clamp-on ultrasonic flow measurement technology with about 450 employees. Flexim's Berlin headquarters is planned to become Emerson's Ultrasonic Flow Measurement Center of Excellence. No price was disclosed.
Morrison agreed to acquire a 50% interest in Pact Group's reusable plastic crate pooling business serving Australia and New Zealand, valuing the business at an enterprise value of about A$380 million.
Westbrook Energy Group, backed by SCF Partners, acquired Forged Components Inc., a provider of forged pressure control products for energy and industrial markets. The acquisition expands Westbrook's product portfolio and forging capabilities.
The European Commission approved the acquisition of sole control of Arconic by Arsenal AIC Parent LLC, an investment vehicle controlled by Apollo Management.
ElectraMeccanica and Tevva entered into a definitive arrangement agreement to combine, aiming to create a leader in zero-emission commercial vehicles.
One Energy Enterprises Inc., an industrial power solutions provider, and TortoiseEcofin Acquisition Corp. III entered into a definitive business combination agreement. The transaction values One Power at an implied pre-money enterprise value of $300 million.
TLGY Acquisition Corporation, a SPAC, filed a registration statement for its proposed business combination with Verde Bioresins, a bioplastics production company. The combined company will list on Nasdaq under tickers VRDE and VRDEW.
Sime Darby Bhd's indirect wholly owned unit SDIMA signed a share sale agreement to acquire Kuxton Pty Ltd and 98.9% of Kagera Pty Ltd, which operates the South Australian Caterpillar dealership Cavpower, for A$500 million.
Thomas Foods International acquired full ownership of Frew Foods International, which will be rebranded as Thomas Foods International Stawell. TFI will undertake a $100m upgrade of the facility.
Resonac Corp. purchased the remaining 50% stake in its joint venture AMI Automation, bringing the automation solutions company under full ownership. The deal was announced on August 15, 2023.
Patterson-UTI Energy completed the acquisition of Ulterra Drilling Technologies for $370 million in cash and 34.9 million shares of common stock. Ulterra is a global provider of specialized drill bit solutions.
CB-CERATIZIT Luxembourg S.A. has acquired 70% of the shares of Changzhou CW Toolmaker Inc., a Chinese manufacturer of tungsten carbide cutting tools for the electronics, aviation, railway, and mold and die industries.
Safran announced the contemplated acquisition of Collins Aerospace's actuation and flight control activities for an enterprise value of $1.8 billion. The business has around 3,700 employees across eight facilities in Europe and Asia.
DART Aerospace acquired Simplex Aerospace, a Portland-based leader in aerial firefighting mission equipment. The combined entity will have over 320 employees in eight locations worldwide.
ConMet acquired assets focused on e-mobility products from Saietta Group's Netherlands branch, including in-wheel motor technology intellectual property and employees. The acquired operations become ConMet Netherlands B.V. in Apeldoorn.
Tallayne announced an agreement to acquire the Nufabrx brand and its retail business unit from Textile-Based Delivery Inc. (dba Healthwear). Nufabrx produces clothing with integrated medicine delivery technology.
ADDiTEC announced the acquisition of Elem Additive Solutions from Xerox Holdings Corporation. The deal includes Elem Additive's liquid metal printing technology and the ElemX 3D printer.
An affiliate of ArcLight Capital Partners entered a definitive agreement to acquire Sojitz Corporation of America's indirect ownership interests in Kleen Energy Systems, which owns a 620-MW natural gas-fired power plant in Middletown, Connecticut. The transaction is expected to close in Q4 2023.
The board of directors of Anjani Portland Cement approved the amalgamation of Bhavya Cements into the company. Anjani Portland Cement first acquired a majority stake in Bhavya Cements in mid-2021.
ProMach announced the closing of its agreement with affiliates of BDT Capital Partners and Leonard Green & Partners, resulting in a change of ownership. Financial terms were not disclosed.
Nalka-backed Uniwater announced on 14 August 2023 the acquisition of two Swedish companies: Aquasvea, a supplier of water and treatment plants, and IBAB, a company focused on assembly and manufacturing of prefabricated pipe systems. Aquasvea reported combined revenues of SEK 116.1 million in FY22-04.
Sinto (Shinto Kogyo) announced on 14 August 2023 that it will acquire all shares of French surface treatment products and services company Elastikos S.A.S., making it a subsidiary. Elastikos had net assets of €138 million and sales of €369 million in FY2022.
Sime Darby Berhad announced its subsidiary Sime Darby Industrial Australia will acquire Cavpower Group, a Cat equipment distributor in South Australia and Broken Hill, NSW. The transaction is expected to finalize in coming weeks.
Voigt-Abernathy Sales Corporation completed the asset purchase of Texas Process Equipment Company, a Houston-headquartered distributor of pumps and process equipment serving Texas and Oklahoma.
Cleveland-Cliffs publicly announced a proposal to acquire 100% of U.S. Steel for $35.00 per share, a 43% premium, after the offer was rejected by U.S. Steel's board. The USW endorsed the transaction.
iot squared, a joint venture between PIF and stc Group, signed a binding agreement to acquire 100% of Machinestalk, an IoT applications provider in Saudi Arabia. The transaction is subject to regulatory approvals.
Innodisk Group has acquired Sysinno Technology, a Taiwan-based company focused on intelligent sensor technology for air quality detection. The acquisition strengthens Innodisk's AIoT vision.
Parcom has acquired Elektramat, an online electrotechnical wholesaler and specialist in distribution boards and electrotechnical products based in Enschede, Netherlands. The acquisition was advised by Stek for the lenders.
LyondellBasell completed the acquisition of the Mepol Group, a manufacturer of recycled technical compounds with operations in Italy and Poland. The Mepol Group will become part of LyondellBasell's Advanced Polymer Solutions business unit.
Leifeld Metal Spinning, a German metal-forming machine tool specialist, has acquired Boese Systems GmbH & Co KG, a supplier of PLC programming and drive technology, through an asset deal. The acquisition extends Leifeld's expertise in retrofitting older PNC spinning machines and its service capabilities.
Ackermans & van Haaren agreed to acquire a 40% stake in IQIP Holding from HAL Investments for €100 million. MerweOord will also acquire 20% of IQIP, with an option to increase to 33.33% in 2024.
Newtex, a high temperature fabrics company, has acquired the aluminized fabric and weaving operations from Gentex Corp.'s Industrial Textile Division.
Cummins (China) Investment Co Ltd and E-Quality Intelligent Technology Wuxi Co Ltd signed a collaborative agreement on August 8, 2023, to establish a joint venture in Wuxi, China, focusing on automotive electronic control systems and related products.
Precision Pulley & Idler (PPI) completed the acquisition of Van Gorp Corporation, a conveyor component manufacturer based in Pella, Iowa. Van Gorp will continue to operate as normal while PPI determines the optimal combined setup.
Depatie Fluid Power Group acquired DST Controls Inc. and CKC Engineering LLC, two California automation firms, which will merge and be rebranded as CKC Automation.
ECF Group's UAE subsidiary acquired Chabowski Trading L.L.C, owner of the trademark 'Muddle Me', a supplier of innovative equipment for food service players in the Middle East, strengthening ECF Group's footprint in Dubai and the GCC.
Oriens, a private equity fund, acquired all shares of Transsystem S.A., a Polish company specializing in designing and manufacturing automated material handling systems and advanced steel structures, from Tar Heel Capital and other sellers.
Amcor agreed to acquire Phoenix Flexibles, which operates one flexible packaging plant in Gujarat, India, to expand its capacity in India. The deal is expected to close in the September 2023 quarter.
Socomore increased its stake in Flamemaster from approximately 22.5% to approximately 73.97%, acquiring about 52% of outstanding shares. Flamemaster will continue to operate as an autonomous California-based company providing sealants, adhesives, and coatings for aerospace, defense, and other industries.