HBT GmbH acquired 50% of the shares in Advantec Tunnel & Mining Solution GmbH, a roadheader manufacturer based in Werne, Germany. The share purchase took effect on June 1, 2023.
Bekaert and Ontario Teachers' Pension Plan agreed to merge the ropes and advanced cords businesses of Bekaert with Bridon, forming Bridon Bekaert Ropes Group. Bekaert will hold a 67% stake and Ontario Teachers' 33%, with combined annual sales of approximately €600 million. The merger is expected to complete in the first half of 2016.
MiddleGround Capital, a private equity firm, acquired A.M. Castle & Co., a provider of metals, services, and supply chain solutions for industrial and aerospace customers. The acquisition was announced on June 15, 2023.
Advanco, a supply chain solutions provider backed by Parabellum Investments, acquired Vantage, a manufacturing automation provider.
Safran is nearing an approximately $1.8 billion deal to acquire Raytheon Technologies' actuation business that makes flight controls for aircraft, helicopters and missiles.
Wagenborg has acquired an Enerpac SL 200 hydraulic gantry crane.
Willings signed an MOU with Rewaterworld for the sale of shares and management rights, and joint promotion of water reuse business. Rewaterworld will acquire shares from major shareholder Jisco Holdings.
Delta Electronics announced it will acquire TB&C, a provider of automotive high-voltage hybrid components, to strengthen its EV business portfolio.
Distribution Solutions Group (DSG) completed the acquisition of Hisco, a distributor of specialty products for industrial technology applications, operating 38 locations in North America.
Continuim Equity Partners, with Ronald Mumbray, has acquired Fluid Sealing International and Anchor Seals, forming Anchor Holding Group, a Coraopolis, Pennsylvania maker of seals, gaskets and pumps. It is the first of Continuim's planned fluid control acquisitions.
Tundra Process Solutions, a wholly-owned subsidiary of Wajax Corporation, has acquired Powell Valve, the valve business division of Powell Canada Inc. Powell Valve has 38 employees and three facilities, which will expand Tundra's valve servicing capabilities and geographic reach.
Veralto has signed a definitive agreement to acquire Austria-based UV treatment company AQUAFIDES for approximately $20 million. The transaction is expected to close in Q2 2025.
Veralto has entered into a definitive agreement to acquire Cleanwater1, a provider of on-site hypochlorite disinfection and solids management technologies, for $465 million. The transaction is expected to close in Q4 2026.
Slate Capital Group acquired Cumberland Diversified Metals, a value-added distributor and broker of specialty metals based in Cleveland, Ohio.
Arlington Capital Partners has acquired Pegasus Steel LLC, a provider of complex fabricated steel structures for submarines and aircraft carriers, based near Charleston, South Carolina.
SoftBank Group Corp. has entered into an agreement to acquire Balyo, a provider of automated robotic forklift technologies, through an all-cash public tender offer at €0.85 per share.
Albany International Corp. has entered into a definitive agreement to acquire Heimbach GmbH and its subsidiaries for €153 million. The transaction is subject to regulatory approval and is expected to close in the second half of 2023.
FLSmidth and KOCH Solutions signed an Asset Purchase & Transfer Agreement on June 14, 2023, for material handling technology assets including intellectual property, order backlog of around DKK 400 million, and facilities in Germany and Australia. The transaction is expected to close in Q3 2023.
Viessmann Group announced plans to combine its Climate Solutions business area with Carrier Global Corporation, creating a global champion for climate and energy solutions. The transatlantic partnership aims to accelerate decarbonization of the building sector.
Sarantis Group completed on June 14, 2023 the acquisition of the 20% minority stake in Poland-based packaging maker Polipak sp. z o.o. for 22 million PLN via its subsidiary Sarantis Polska, giving it full ownership.
Tomypak Holdings Bhd, via its subsidiary Tomypak Flexible Packaging, proposed to acquire a 70% equity interest in flexible plastic packaging firm EB Packaging Sdn Bhd for RM73.5 million, with completion expected in Q4 2023.
Saudi Arabia-based United Carton Industries Co (UCIC) has completed the acquisition of Gulf Paper Manufacturing Co, whose Dubai mill produces fluting, testliner and tissue paper.
As of June 13, 2023, the Berlac Group acquired HELIO BEIT Pigmentpasten GmbH, a Cologne-based company providing pigment pastes for industrial coatings. The acquisition complements Berlac Group's existing portfolio.
SKC signed a memorandum of understanding to sell its 100% stake in SK Pucore to Glenwood Private Equity for approximately 500 billion won ($390 million). The deal is expected to close in July 2023, with proceeds used to expand copper foil production and acquire other companies.
Shareholders of Hudbay Minerals and Copper Mountain Mining overwhelmingly approved the plan of arrangement for Hudbay to acquire Copper Mountain. The transaction combines three long-life operating mines and large-scale development projects.
The Middleby Corporation acquired Filtration Automation Inc., known for Micron-Pro brand oil management systems, based in Mansfield, Texas. The company has annual revenues of approximately $10 million.
Berry Global acquired Pro-Western Plastics, adding to its injection molding portfolio.
Arcline Investment Management acquired International Water-Guard, a provider of potable water systems for aircraft. The acquisition expands Arcline's aerospace portfolio.
RoodMicrotec and Microtest agreed on a recommended all-cash public offer of EUR 0.35 per share for RoodMicrotec by Microtest, representing a premium of approximately 35.7%.
Petronas Chemicals Group reached a final investment decision to acquire a maleic anhydride plant in Gebeng, Kuantan from its 40% owned unit BASF Petronas Chemicals for an undisclosed sum. The plant will be upgraded to produce refined MAn, targeted to be ready by the second half of 2025.
French construction materials company Saint-Gobain has agreed to acquire Building Products of Canada Corp, a Canadian maker of roofing shingles and insulation panels, for about 925 million euros ($994 million). The transaction is expected to close by the end of 2023.
Dürr AG announced the acquisition of 100% of BBS Automation from EQT, with an enterprise value between €440 million and €480 million. The deal is expected to close in Q3/Q4 2023.
Alcom electronics announced the completion of its acquisition by Steliau International. Alcom is a distributor of semiconductors, passives, electromechanical components and other electronic solutions.
Swedish Beijer Ref signed an agreement to acquire 70% of Bulgarian HVAC distributor Condex, with an option to buy the remaining shares, entering the Bulgarian market.
Georg Fischer Ltd. has announced a voluntary recommended public cash tender offer for all shares in Uponor Corporation at EUR 28.85 per share, valuing Uponor at approximately 10.6x EV/EBITDA. The offer is supported by Uponor's board and major shareholders.
Resonac Corporation announced it will acquire the remaining 50% of shares in AMI Automation, a provider of automation solutions for the steel industry, completing full ownership. The procedure is expected to close in Q3 2023.
Ingersoll Rand agreed to buy Howden Roots LLC from Chart Industries for an all-cash price of about $300 million. Roots has about $115 million in revenue, and the deal is expected to close in Q3 2023 pending regulatory approvals.
Sydney private-equity firm Adamantem is understood to be in talks to acquire PAC Trading, a western Sydney wholesale food packaging supplier. The report is unconfirmed and no value was given.
NIBE Industrier AB signed an agreement to acquire CFL Holding BV, a Dutch HVAC company, for an enterprise value of €640 million. The transaction is expected to close on September 1, 2023.
Holcim announced the acquisition of a majority stake in Minerales y Agregados, a Guatemalan producer of mortars, adhesives and calcium carbonate solutions, expanding its presence in Latin America.
The Rotating Company has acquired RMEI, a French specialist in industrial rotating machinery with over 25 employees, as a 100% subsidiary. The combined group has a turnover of over 15 million euros and around 65 employees.
Rudd Company, Inc., a wood coatings manufacturer based in Seattle, Washington, has agreed to sell substantially all of its assets, including the Rudd Wood Finishes and Glitsa Floor Finishes brands, to Gemini Coatings, an Oklahoma-based employee-owned wood coatings manufacturer.
Kurabo Industries agreed to sell its machine tool subsidiary Kuraki to DMG Mori Seiki for 4.5 billion yen.
BEUMER Group acquired The Hendrik Group Inc., a US manufacturer of air supported belt conveyors, to expand its portfolio in bulk material handling, particularly for alternative fuels and raw materials.
SunMed plans to buy Avanos Medical's respiratory health business for $110 million in cash, including closed suction catheters, endotracheal tubes, and oral care products, along with two manufacturing facilities in Mexico.
3PEAK announced plans to acquire 95.6587% of Injoinic Technology, a battery management and power management chip designer, through a share and cash deal.
Shenzhen Energy's subsidiary Nanjing Holdings plans to acquire 70% of Dinglun Energy for CNY 7 million and invest CNY 339.89 million in a 30 MW flywheel energy storage project in Shanxi, China.
Haide Control plans to purchase 75% equity of Xingzhida, an industrial automation solutions provider, for 1.278 billion yuan via shares and cash. The deal aims to expand Haide Control's industrial control business.
Merit Medical acquired the Surfacer Inside-Out Access Catheter System from Bluegrass Vascular Technologies for $32.5 million.
Merit Medical completed the acquisition of a dialysis catheter portfolio and the BioSentry Biopsy Tract Sealant System from AngioDynamics for $100 million.