EDEL Werkzeugmaschinen and DEPO Werkzeugmaschinen combined to form the German Machine Tool Group (GMTG), bundling sales, service and administration.
GE Additive inaugurated its new 40,000 sqm campus in Lichtenfels, Bavaria, Germany, which will become the new home for GE Additive Concept Laser teams, as part of continued investment in additive manufacturing.
J.F. Electric's industrial division won a large three-year industrial contract with Phillips 66's refinery in Ponca City, Oklahoma. The company is hiring 30 new employees from the local union and expects to hire more.
Karl Mayer, a global leader in warp knitting and warp preparatory machines, established a joint venture in India with A.T.E. Enterprises and Rabatex to manufacture warp preparatory machines. The new company, Karl Mayer Textile Machinery India Private Ltd., has its registered office in Mumbai and production facility in Ahmedabad. Karl Mayer holds 76%, Rabatex and A.T.E. hold 12% each.
The John H. Carter Company acquired Process Pumps & Equipment and its affiliate LA Machine & Design, which will operate from existing facilities in Geismar and Shreveport, Louisiana, expanding its pump group offerings. The deal was announced on September 13, 2019.
Sunnen Products Company will install a plant in Guadalupe, Nuevo Leon, Mexico, investing more than US$9 million in the first stage and creating over 130 new direct jobs.
Hyperion Materials & Technologies Inc. signed an agreement to acquire Arno Friedrichs Hartmetall GmbH & Co. KG, a producer of cemented carbide blanks for rotary cutting tools.
Erich Utsch AG secured a contract to produce 5.2 million license plates at its Siegen, Germany facility for an Egyptian customer. Production has started.
US Tsubaki Holdings opened a new 250,000 sq ft air-conditioned manufacturing facility in Portland, Tennessee, with a grand opening and ribbon-cutting ceremony on September 17, 2019.
Mevis SpA acquired 100% of the activities of the Euromeccanica Group's Metalforming Division, creating a combined group with over EUR 140 million in revenue and nearly 800 employees.
Yanmar Group completed the acquisition of 100% of ASV Holdings Inc., a compact equipment manufacturer, for total consideration of $70.70 million.
SFO Group acquired the remaining shares of SHW Werkzeugmaschinen GmbH from Berlin-based Zeitfracht GmbH & Co. KG, becoming the sole shareholder. The acquisition was announced on September 11, 2019.
Alexander Technologies Europe Ltd (ATEL), a County Durham battery manufacturer, was acquired by its management team in a deal part-funded by a £9.2m facility from Shard Credit Partners. The deal includes plans for a new manufacturing and warehouse site and job creation.
SHW Werkzeugmaschinen delivered a UniSpeed 2000 machining center to Lohse GmbH, a fittings and machine manufacturer. The machine was individually adapted to Lohse's needs and put into operation at the end of April 2019.
FMR LISICKI Sp. z o.o. completed an investment project to build a new machinery factory, implementing R&D results and introducing new innovative machines for agricultural and orchard farms. The project value was 32,128,159.47 PLN, with EU funding of 17,299,623.08 PLN.
ANDRITZ has received an order from Saint-Gobain ADFORS to supply a wetlaid line for glass fiber mat production at its Litomyšl facility in the Czech Republic. Start-up is scheduled for mid-2021.
Western Superconducting Technologies Co., Ltd. (WST) has put into service a 63/80-MN high-speed open-die forging press supplied by SMS group at its facility in Xian, China. The press enables production of titanium and titanium alloy products for the aerospace industry.
DC Machine, an industrial design and machining center, is expanding its Dorchester County operations in Summerville, South Carolina, with a $9.5 million investment expected to create 63 new jobs. The expansion includes purchasing an existing building and increasing operational space to over 61,000 square feet.
JCB announced it will double the size of a new factory currently under construction in San Antonio, Texas, due to newly announced tariffs. The factory was originally announced as a $500 million investment on a 400-acre site.
OEM International AB signed an agreement to acquire the business of Cabavo AB, a Swedish company marketing electrical motors, servo actuators and drive electronics. The operations will be integrated with OEM Motor AB.
imc Test & Measurement GmbH acquired 100% of Caemax Technologie GmbH, having previously held a 25.1% stake since 2015.
Zhejiang Kaishan Compressor's wholly owned US subsidiary Kaishan Compressor USA (KCA) held an opening ceremony for a new $15 million plant in Baldwin County, Alabama, which makes oil-free screw compressors. The plant began construction in July 2018 and covers 65,000 square feet.
Gühring Nederland has taken its renovated grinding department into use, doubling the number of grinding machines and employees. The facility can now produce new special tools in small series in addition to resharpening used tools.
Mann+Hummel has acquired Hardy Filtration of Quebec, Canada.
Tirth Agro Technology and German firm Grimme announced a 50:50 joint venture to develop and market root crop machines in India, targeting potato and other root crops.
JCB announced that its 19C-1E battery-powered mini-excavator has gone into full production at its Cheadle factory in Staffordshire, UK. The first 50 machines are already with customers, and orders are coming from Europe and America.
Elliott Group merged Ebara International Corporation, based in Sparks, Nevada, with its operations in Jeannette, Pennsylvania. The transaction was listed in the Q2 2019 pump M&A review.
Doosan Heavy Industries & Construction won a 120 billion won ($100.6 million) order from PLN to supply CFB boilers and turbines for the 110 MW Palu 3 thermal power plant on Sulawesi, Indonesia, with installation by 2023.
The Weir Group won a £100 million order to supply crushing and pump equipment, including Enduron HPGRs and GEHO pumps, to Fortescue's Iron Bridge magnetite project in Western Australia.
Sicamec signed an agreement with the Autonomous Port of Kribi to build a production and assembly plant for refrigerators, freezers and air conditioners in the port's industrial zone. The investment is estimated at FCFA 45 billion, with a capacity of 15,000 units per month and 1,000 direct jobs. Construction is expected to start in early 2020.
Flex Ltd has begun production at a new 35,000 square meter mass production manufacturing facility in Modi'in, Israel. The highly automated plant employs robotic processes and Industry 4.0 methods, and currently employs about 740 people, with plans to expand to 1,000.
S&T Engineers of Coimbatore and Yeong Chin Machinery (YCM) Industries of Taiwan will jointly invest ₹24 crore in the first phase to manufacture and supply CNC vertical machining centres in India. A plant is expected to be commissioned in Coimbatore in January 2020.
Sinoder Indutech Machinery signed a contract in June 2019 to export a complete palm oil refinery plant, including a steam boiler, diesel generator and weighbridge, to a Nigerian client. The equipment is under manufacturing and shipment is pending.
Constructor has invested in a Safan Darley bending machine, HAAS VF10 vertical machining centre, Prima Power Platino Fiber Evo laser cutter, and an AutoWelder at its Rasnov-based factory to modernize its storage solutions manufacturing.
Briggs & Stratton will permanently close two Billy Goat manufacturing facilities in Lee's Summit, Missouri, affecting 90 employees. Layoffs begin July 2, 2025, and operations will relocate to Munnsville, New York.
Dr. Gühring KG inaugurated a new production hall for precision tools in Treuen, Saxony, and laid the foundation for a second hall. The company invested around EUR 50 million, creating 67 new jobs and 16 training positions, with 42 more jobs expected by end of 2014.
Kone is considering teaming up with a private equity partner to bid for Thyssenkrupp's elevator business, which analysts value at up to €17 billion. No final decision has been made.
Hydac Oy, part of the HYDAC Group, has acquired a majority stake in Technion Oy, a Finnish designer and manufacturer of electronic control systems for mobile machinery based in Naantali, Finland.
The Massman Companies has acquired DTM Packaging and Custom Automation, a manufacturer and remanufacturer of bottling, packaging and custom automation equipment, adding it to its group of machinery companies.
ROSE Systemtechnik acquired CRE Rösler Electronic GmbH, a provider of automation solutions including Panel PCs and industrial monitors, effective August 1, 2019.
May River Capital has established Advanced Material Processing (AMP) and acquired Kason Corporation, which will join existing portfolio company Marion Process Solutions under the AMP platform. The platform focuses on material processing equipment.
Resonetics announced the acquisition of Tru Tech Systems, a Michigan-based supplier of precision grinding services for the medical device market and CNC grinding equipment for the machine tool industry.
Advanced Cooling Technologies, Inc. (ACT) announced the addition of 4,500 square feet to its facility in Lancaster, Pennsylvania, to meet increased demand for product lines including those from the recently acquired Parker PCB. The expansion is expected to be completed in Fall 2019.
Veelo Technologies moved into a new 20,000-square-foot manufacturing facility in Woodlawn, Ohio, scaling from 4 to 24 employees, to ramp production for a large defense contract won in late 2018.
Lectra acquired a 70% equity stake in Italian company Caron Technology for €1.9 million ($2.2 million), with an option to increase to 100% by 2029, to enhance cutting room solutions.
Alleghany Capital Corporation formed Precision Cutting Technologies as a holding company for its machine tool and consumable cutting tool subsidiaries, and acquired a majority interest in CID Performance Tooling, a manufacturer of solid carbide end mills based in Saco, Maine.
Bühler Group and Premier Tech announced a strategic cooperation to build a design and manufacturing centre in China for industrial flexible packaging solutions. The cooperation is planned to result in a joint venture during 2020.
RAFAMET confirmed an order from Tangshan Baichuan Intelligent Machine Co. to supply a tandem underfloor lathe type 2 UGE 180 N for the Tel Aviv Light Rail in Israel. The contract value is EUR 1,399,000, with delivery by end of March 2020.
Hyundai Engineering & Construction signed a 684.75 billion won EPC contract with Hyundai Chemical and Hyundai Oilbank for the HPC Project (Package 1) in Daesan-eup, Seosan, Chungcheongnam-do, South Korea. The contract was signed on August 30, 2019.
OLBRICH GmbH has acquired the remaining shares of Polytype Converting from Jagenberg AG, now owning 100% of Polytype Converting GmbH in Hamburg and Polytype Converting AG in Fribourg. The move integrates the unit fully into the OLBRICH Group.