SMR Automotive Mirrors UK Ltd. completed the acquisition of Misato Industries Co. Ltd and Ichikoh (Wuxi) Automotive Parts Co., Ltd from Ichikoh Industries, Ltd. on August 1, 2023. The enterprise value was JPY 5.2 billion.
Compressed air specialist Boge Kompressoren acquired Inmatec Gasetechnologie, a manufacturer of nitrogen and oxygen generators, effective 1 August 2023. Inmatec keeps its Herrsching site as an independent business unit under its own name.
ReNEW Partners acquired Absolute Machine & Tooling, a precision machine shop in Leander, Texas, that manufactures semiconductor components. The transaction closed on July 31, 2023.
Oshkosh Corporation completed the acquisition of JBT AeroTech Corporation from John Bean Technologies Corporation for approximately $820 million. The deal was announced on May 26, 2023.
Russel Metals has agreed to sell its 50% equity interest in TriMark Tubulars Ltd. to Marubeni-Itochu Tubulars America Inc. for approximately $61 million. The transaction is expected to close in Q3 2023.
Private equity firm BC Partners has agreed to sell its stake in IMA, an Italian automatic packaging machines maker, to U.S. merchant bank BDT & MSD Partners. The deal values IMA at between €6.5 billion and €7 billion.
MAN Energy Solutions has agreed to sell its gas turbine business to GHGT, a subsidiary of China State Shipbuilding Corporation (CSSC). The transaction is subject to regulatory approval. Purchase price not disclosed.
Shenzhen Mindray Bio-Medical Electronics Co., Ltd. has agreed to acquire 75% equity interest in DiaSys Diagnostic Systems GmbH from Gorka Holding GmbH for a preliminary cash consideration of approximately €115 million. The acquisition will support Mindray's IVD business expansion.
Private equity firm Apax agreed to acquire a co-controlling stake in Spain's Palex Medical from Fremman Capital and other minority shareholders. Apax will co-control the company with Fremman.
Techmer PM acquired Advanced Color Technologies (ACT), a paint manufacturing company based in Dalton, Georgia, in July 2023. Terms were not disclosed.
Samvardhana Motherson Automotive Systems Group B.V. acquired 100% of SAS Autosystemtechnik GmbH & Co. KG from Faurecia S.E. for an enterprise value of €540 million, completed on July 31, 2023.
One Rock Capital Partners agreed to acquire packaging manufacturer Constantia Flexibles from Wendel for net proceeds of around EUR 1.1 billion. Closing is expected in the second half of 2023, subject to regulatory approval.
DS Smith agreed to acquire Bosis doo, a Serbian maker of offset cardboard and blister packaging, via a share transaction expected to complete in the second half of its financial year. The deal strengthens its East Europe packaging business.
L3Harris closed its $4.7 billion acquisition of Aerojet Rocketdyne, a manufacturer of rocket engines and propulsion systems for the Defense Department and NASA. The deal was announced in December 2022 and closed on July 28, 2023.
Mutares signed an agreement to acquire SELZER Group from INDUS as an add-on for Ferral United. SELZER Group supplies ready-to-install metallic components and assemblies for automotive and industrial applications, with expected 2025 revenues of EUR 130 million.
ALTEN Group acquired Ayesa Air Control (AAC), a joint venture between Ayesa and GSC providing engineering services for aeronautics, defence, and space industries in Spain and Germany.
Holcim completed the acquisition of Cooper Standard Technical Rubber GmbH (CSTR), a manufacturer of technical rubber products for roofing systems, located in Mannheim, Germany. The deal expands Holcim's roofing business in Europe.
Elos Medtech AB entered into an agreement to acquire Klingel Holding GmbH (Klingel Medical Group) from IK Partners and management for an enterprise value of EUR 370 million. The acquisition will add eight production facilities in Germany and Switzerland and approximately 900 employees.
MinervaHub S.p.A. finalized the acquisition of 100% of New and Best H.F. S.r.l., a company based in Barletta, Italy, specializing in high-end finishes for leather goods, footwear, clothing and accessories.
Vale announced it will sell a 13% stake in its base metals business (VBM) for US$3.4 billion, with Manara Minerals (a joint venture between Ma'aden and Saudi Arabia's Public Investment Fund) taking 10% and Engine No. 1 taking 3%. The deal is expected to close by Q1 2024.
Alro Steel acquired Heimansohn Steel, a metals service center in Clarksville, Tennessee, on 28 July 2023. The acquisition expands Alro's customer base in Tennessee and Kentucky.
NEXT GENERATION GROUP, a plastic recycling machinery provider, acquired a majority share in HydroDyn, a technology provider specializing in plastic waste cleaning and purification, to expand its post-consumer recycling solutions.
TBEA's subsidiary Hengyang Transformer (Hengbian) will acquire all shares of Xinjiang TBEA Auto Control Equipment (Zikong) from TBEA Group for CNY 420 million, to expand its switchgear product line.
RSK Group, a global sustainable solutions provider, acquired Kirton Water Treatment Services, a clean water technology company based in Leicestershire, UK, offering bespoke water treatment and filtration solutions.
Italian OEM Epta and Viessmann Refrigeration Solutions formed a joint venture to combine their commercial refrigeration activities in Central and Northern Europe, creating a one-stop-shop provider of natural refrigeration solutions.
CRH, a global building materials solutions provider, has acquired Hydro International, which will become part of its Infrastructure Products business in North America and Europe.
Lefort, a metal recycling equipment manufacturer, has acquired 100% of the capital of Copex S.A., a French manufacturer of hydraulic shears and balers for scrap metal and solid waste treatment.
Amazon and iRobot have amended their merger agreement, reducing the purchase price from $61.00 to $51.75 per share, reflecting iRobot's recent $200 million debt increase from Carlyle.
Beijer Ref has signed an agreement to acquire DS Maref, a South Korean distributor of refrigeration compressors and manufacturer of chillers and evaporators, with annual sales of approximately SEK 375 million.
WEG acquired all shares of BirminD, a company specializing in digital solutions for industrial optimization. The acquisition is part of WEG's strategy to grow its digital business.
Carton Group, owned by Waterland, signed an agreement to acquire the operating business of Europoligrafico, an Italian packaging supplier with about EUR 60 million turnover and two Italian plants. Closing is expected in early autumn 2023.
North American Construction Group (NACG) has entered into a definitive agreement to acquire MacKellar Group, an Australian heavy equipment solutions provider, for an estimated $395 million. The acquisition will expand NACG's capabilities in the mining and civil sectors.
Tormach, a supplier of CNC machines, has acquired Guadalajara, Mexico-based Insofos, a manufacturing and engineering services firm. Terms were not disclosed. Insofos has 35 employees and will keep its name.
Teleflex Incorporated entered a definitive agreement to acquire privately-held Palette Life Sciences AB for $600 million upfront, plus up to $50 million in milestones, to expand its Interventional Urology portfolio.
Datamine, a Constellation Software unit, acquired Brazil's Sodep, a provider of fleet management software for mining. The deal adds Minetrack fleet management system to Datamine's portfolio.
EssilorLuxottica acquired Israeli startup Nuance Hearing, which develops acoustic beamforming technology for hearing aids. The acquisition was completed at the end of 2022 and announced in July 2023. Financial details were not disclosed but market sources estimate high tens of millions of dollars.
CTA Group acquired 100% of Raccortubi Group, a manufacturer of stainless steel and special alloy piping materials. The deal creates a new leading group in the sector with forecast 2023 revenues of €265.7 million.
CAREL entered into a binding agreement to acquire an 82.4% stake in Kiona Holding AS, a Norway-based SaaS provider of prop-tech solutions for energy optimization and building digitalization. The acquisition strengthens CAREL's position in the HVAC-R industry.
ITC Packaging and the Erum Group created a joint venture, ITCErum Packaging, to sell their packaging solutions in Morocco first and expand internationally. The venture combines ITC's thin-walled plastic packaging with Erum's regional distribution network.
ROMCO Equipment and its parent company SMT acquired 100% of Sierra Machinery, the exclusive Volvo CE dealer in southwestern Texas and southern New Mexico. The acquisition expands ROMCO's territory westward.
Oldcastle Infrastructure, a CRH company, acquired Hydro International, a provider of stormwater and wastewater treatment products and services in North America and Europe. The acquisition expands Oldcastle's water management offering.
Arconic Corp. shareholders voted to approve the company's acquisition by Apollo Global Management Inc. in a deal valued at about $5.2 billion, with shareholders receiving $30 per share. The transaction is expected to close in Q3 2023.
Metron Farnier, LLC acquired WaterSignal, LLC on July 25, 2023. The acquisition combines smart water management technologies and expands market reach.
TotalEnergies announced it will acquire the remaining 70.8% stake in Total Eren for a net investment of approximately €1.5 billion, valuing Total Eren at an enterprise value of €3.8 billion. Total Eren has 3.5 GW of renewable capacity in operation and a 10 GW pipeline.
Inpixon entered into a definitive merger agreement with XTI Aircraft Company, developer of the TriFan 600 VTOL aircraft. The combined company will focus on advancing the TriFan 600 and offering RTLS technology. XTI's enterprise value is estimated between $252 million and $343 million.
ROMCO acquired Sierra Machinery, a full-service distributor of construction, mining, and industrial equipment based in El Paso, Texas. The terms of the transaction were not disclosed.
Insolvency administrator Joachim Exner sold the Dr. Schneider Unternehmensgruppe, an automotive interior parts supplier, to the Samvardhana Motherson Group. All seven sites in five countries and over 4,800 jobs are preserved.
Alumasc Group has agreed to acquire ARP Group, a manufacturer and distributor of specialist metal rainwater and architectural aluminium goods, for a maximum cash consideration of £10.0 million. The acquisition is subject to CMA approval.
Foxconn (Hon Hai Technology Group) will acquire a 50-percent stake in ZF Chassis Modules GmbH, a unit of ZF Group that bundles passenger car axle systems assembly, with an enterprise value of approximately €1 billion (about US$1.1 billion). The partnership aims to expand product offerings in ICE and EV spaces.
Carel Industries signed a binding agreement to acquire approximately 82.4% of Kiona Holding AS, a Norwegian SaaS provider of energy optimization solutions for buildings and refrigeration.