BKW has acquired ABE Gruppe GmbH, a German full-service provider for energy plant and operating technology. The deal expands BKW's energy services in Germany.
Forge Nano acquired HZO, combining HZO's Parylene and thin-film protective coating expertise with Forge Nano's Atomic Armor ALD platform to expand capabilities in electronics, semiconductor and defense markets.
American Standard Circuits and Sunstone Circuits announced their merger, combining their PCB manufacturing capabilities to offer expanded product types, advanced manufacturing expertise, and integrated design solutions.
SOLV Holdings LLC acquired Elkhart-based Maverick Packaging Inc., a maker of packaged liquids for the hospitality industry. The deal is expected to pair Maverick with SOLV's Bomag Group in Angola, Indiana.
Skyworks Solutions announced the successful completion of its merger with Qorvo, with a total enterprise value of approximately $22 billion. The combined entity will operate under the Skyworks brand and is expected to generate annual revenue of $7.7 billion.
IMCD UK, a subsidiary of IMCD N.V., has acquired 90% of the shares in O&3 Limited, a supplier of specialty natural ingredients to the beauty and personal care markets. O&3 generated approximately EUR 37 million in revenue in the fiscal year ending March 31, 2023.
MEI Rigging & Crating, backed by Olympus Partners, has acquired Pro-Pac International and J&J Machinery Transport, two North Carolina-based providers of rigging, crating and heavy haul transport services. No financial terms were disclosed.
Hawkins acquired EcoTech Enterprises, a manufacturer and distributor of chemicals for water treatment based in Scott, Arkansas. The terms of the transaction were not disclosed.
Japanese conglomerate Marubeni Corporation acquired a 50% equity stake in aviation inventory solutions provider DASI for an undisclosed amount. DASI is headquartered in Miami and operates service centers in Los Angeles, London and Singapore.
Actom will take over a low-voltage product manufacturing facility in Kenya from Schneider Electric as part of its industrial expansion into East Africa, targeting markets in Tanzania, Uganda, Rwanda and Ethiopia.
Momentum Group signed an agreement on 14 July 2023 to acquire 80% of the shares in Conclean AB, a Swedish water treatment products company. The acquisition is expected to close in September 2023.
Valmet agreed on July 14, 2023 to acquire the Process Gas Chromatography business of Siemens AG for EUR 102.5 million on a cash and debt-free basis. Completion is estimated for April 1, 2024 at the earliest.
RDM Group finalized the acquisition of 100% of Fiskeby International Holding AB, a Swedish producer of recycled-fibre packaging board with a 170,000-tonne-per-year mill. The deal makes RDM the largest independent recycled board producer in Europe.
According to banking sources reported by KED Global, US private equity firm TPG agreed to buy a 100% stake in South Korean cosmetic packaging supplier Samhwa at a price in the mid-300 billion won range, about $236.9 million, with CEO Cho Seong-hwan buying a minority stake back.
Rotterdam-based maritime companies HEBO Maritiem Service and Bonn & Mees Floating Sheerlegs announced their merger, combining 170 years of experience to create a versatile maritime service provider in Europe.
American Standard Circuits (ASC) and Sunstone Circuits announced their merger, creating a partnership in the printed circuit board (PCB) manufacturing industry. The merger brings together expanded capabilities and manufacturing expertise.
Fava S.p.A. merged with Storci by incorporation, creating a company with over €100 million in revenue, 320 employees, and a 40% global market share in pasta-making equipment.
Mimir Group agreed to acquire the Managed Packaging business unit from Billerud AB, which offers customized packaging solutions with manufacturing in Asia. The transaction is expected to complete in August 2023.
Tower International and Autokiniton Global Group jointly announced on July 12, 2023, that Tower agreed to sell to AGG for $900 million. The acquisition is expected to close in September or October 2023.
Rixan Automation, a subsidiary of Hunkar Technologies, acquired Carlin Automation, a distributor of industrial thermal products. The transaction closed on July 12, 2023.
Transcat, Inc. has purchased all capital stock of privately-held SteriQual, Inc. for $4.25 million in stock, effective July 12, 2023. SteriQual provides consulting services to pharmaceutical, biopharmaceutical, medical device, and diagnostic equipment manufacturers.
Edilians Group, a European leader in construction and building envelope renovation, has acquired CERITHERM, a French expert in industrial thermal equipment. The acquisition aims to accelerate innovation in decarbonization solutions.
Trane Technologies acquired a majority stake in MTA, an Italian leader in process cooling, air conditioning, and compressed air and gas treatment solutions, from Chequers Capital. MTA recorded sales of over €100 million in 2022.
Gebrüder Meier Holding AG acquired 100% of the shares in UIKER Antriebstechnik AG, a Swiss drive technology trading company.
Ryse Energy, a Masdar City-based renewable energy company, acquired Primus Wind Power, a US manufacturer of micro wind turbines. The acquisition adds AIR turbines to Ryse Energy's portfolio and enables US manufacturing.
Renault Group and Geely have signed a joint venture agreement to create a leading provider of hybrid and high-efficiency powertrain solutions, each holding 50%.
Hexagon AB announced the acquisition of HARD-LINE, a global leader in mine automation and remote-control technology, on July 12, 2023. HARD-LINE has around 100 employees and is headquartered in Sudbury, Canada.
Thales entered exclusive negotiations to acquire Cobham Aerospace Communications, a supplier of cockpit communication systems, for $1.1 billion. The acquisition is expected to strengthen Thales' avionics portfolio.
Neptune Brasil & Marine, a subsidiary of Houston-based Neptune Americas & Marine, agreed to acquire 51% of Brazilian engineering and equipment maker Natec Equipamentos as of July 1, 2023. Natec will operate as Natec Equipamentos Ltda – A Neptune Marine Company.
SKF signed an agreement to sell Spandau Pumpen, its coolant pump business, to EBARA Pumps Europe S.p.A., a group company of EBARA Corporation. The divestment is expected to close at the end of September 2023 and is not material to SKF's financials.
Aimia Inc.'s subsidiary Tufropes has acquired Cortland Industrial, LLC from Enerpac Tool Group Corp. for $26.6 million. Cortland is a designer and manufacturer of synthetic ropes, slings and tethers for aerospace, defense, marine and renewables markets.
Aerospares 2000 and Sentry Aerospace Corporation merged to create one of the largest global independent distributors of high-value commercial aircraft rotables. The combined company will be headquartered in Morganville, New Jersey.
Loar Group Inc. closed the acquisition of Desser Aerospace's Proprietary Solutions segment from VSE Corporation. The segment will operate as DAC Engineered Products, LLC, with manufacturing in Oswego, Illinois, producing carbon brakes, steel brakes, and other aerospace components.
LFM Capital unveiled a new platform company, Weller Metalworks, through the acquisition of Muthig. Weller Metalworks is a metal fabrication and precision machining platform.
Henson Robinson Company signed an agreement to acquire the assets of Reliable Mechanical Company, an HVAC and plumbing contractor in Champaign, Illinois. The transaction is scheduled to close on September 1, 2023, and will retain the Relible Mechanical name as a division.
Qubiqa, a market leader in automated packaging systems, has acquired CH System, a Danish robotics company, to gain access to new markets and business areas.
Paramelt has acquired the specialty wax activities of Sonneborn Refined Products B.V. in Koog aan de Zaan, Netherlands. The deal includes transitioning production to Paramelt's site in Heerhugowaard.
Crete Mechanical Group acquired a majority stake in Advanced Integrated Services (AIS), an automation and controls company based in Youngsville, LA and Midland, TX. AIS provides services in automation, instrumentation, control panel fabrication, electrical, fire and safety.
Rockwell Medical acquired the hemodialysis concentrates business from Evoqua Water Technologies for $11 million upfront plus two milestone payments of $2.5 million each. The acquisition includes contracts, intellectual property, FDA clearances, and assets nationwide.
Atlas Copco acquired Extend3d GmbH, a German company specializing in augmented reality solutions for manufacturing. Extend3d will become part of Atlas Copco's Motor Vehicle Industry Tools & Assembly Systems division.
Hydro has completed the acquisition of Polish aluminium recycler Alumetal S.A., acquiring over 97% of shares. The deal strengthens Hydro's recycling position in Europe and its low-carbon aluminium product offering.
Sdiptech AB has completed the acquisition of Kemi-tech ApS, a Danish provider of tailored chemical solutions for industrial water treatment. The deal was announced on June 29 and approved by the Danish Business Authority.
Loxam, through its Brazilian subsidiary Loxam Degraus, has agreed to acquire A Geradora Aluguel de Máquinas, a Brazilian leader in generator rental. The acquisition strengthens Loxam's position in the Brazilian equipment rental market.
Geely Auto, Geely Holding and Renault signed agreements to form a joint venture combining their internal combustion, hybrid and plug-in hybrid engine and transmission businesses. Geely Auto will hold 33%, Geely Holding 17% and Renault 50% of the JV.
nVent Electric plc acquired TEXA Industries, an Italian provider of industrial cooling applications including air conditioners and chillers. The acquisition strengthens nVent's position in industrial automation and energy storage cooling solutions.
Renault Group and Geely signed a binding 50/50 joint venture agreement to launch a new powertrain technology company. The company will include 17 engine plants and 5 R&D centers, aiming for annual production capacity of up to 5 million engines and transmissions. Aramco is evaluating a strategic investment.
LyondellBasell acquired a 50 percent stake in Stiphout Industries B.V., a Montfort, Netherlands plastic packaging waste processor, announced on 19 July 2023. The stake supports its QCP recycling assets in Belgium and the Netherlands.
EBARA Pumps Europe S.p.A. agreed to acquire the submersible pump production business Spandau Pumpen from SKF Lubrication Systems Germany GmbH effective 11 July 2023, moving production to Italy.
United Microelectronics Corporation completed the acquisition of United Semiconductor (Xiamen) Co., Ltd. on July 10, 2023, with a total investment of RMB 4,858,286,400 (approximately $784 million). The transaction was originally planned over three years but was completed all at once.
Tecnau, a leader in paper handling and finishing solutions, acquired all operating activities of Sitma Machinery S.P.A., a company specializing in packaging and e-logistics systems. The acquisition expands Tecnau's product portfolio and global reach.