JV Group, a French specialist in technical parts and metal/composite sub-assemblies for aerospace and defense, merged with BT2I Group in June 2023.
Portland Tractor Inc. acquired On-Track Supplies & Equipment, a Caterpillar parts and service provider in Grande Prairie, Alberta, effective June 1, 2023.
Sonepar's US subsidiary Cooper Electric announced an agreement to acquire Billows Electric Supply, a family-owned electrical distributor with 19 branches and over 285 employees in the Philadelphia, South Jersey, and Delaware metro market.
The Chemours Company agreed to sell its Glycolic Acid business for $137 million in cash to PureTech Scientific Inc., backed by Iron Path Capital. The transaction is expected to close by Q3 2023.
Schweiter Technologies, through its subsidiary 3A Composites, completed the acquisition of the remaining shares of JMB Wind Engineering, a Polish developer and producer of core material kits for wind turbines.
Wieland Metal Services acquired Lone Star Casting & Machine, a supplier of centrifugally cast and semi-finished aluminum-bronze bushing blanks and cylinder shapes, located in Kilgore, Texas. The acquisition strengthens Wieland's presence in the aerospace industry.
Univar Solutions completed the acquisition of Turkish specialty chemicals distributor Kale Kimya, which serves the beauty, personal care, and home and industrial cleaning markets. Terms were not disclosed.
Grupo OCQ, a Latin American chemical player, acquired petrochemical company Elekeiroz from HIG Capital. The deal nearly triples Grupo OCQ's production capacity and adds product lines including plasticizers and phthalic anhydride.
Semco Maritime entered an agreement to acquire German offshore wind service provider Wind Multiplikator GmbH, including its subsidiary OWS Off-Shore Wind Solutions GmbH. The combined group will have 455 employees.
Kamrock Oy acquired the business operations of Telamurska Oy, effective June 1, 2023. The acquisition strengthens Kamrock's presence in the Pirkanmaa, Häme, and Varsinais-Suomi regions of Finland. Telamurska's employees transferred to Kamrock.
Beijer Ref signed an agreement to acquire 100% of the shares in French HVAC company CFD, a distributor of heat pumps, geothermal energy products and HVAC components with annual turnover of approximately SEK 75 million.
Point Blank Enterprises, a body armor and aviation protective solutions producer, acquired Safe, Inc., a Tempe, AZ-based company specializing in pilot seating safety solutions and components for the U.S. DoD and NASA.
FLSmidth acquired Morse Rubber, an Iowa-based manufacturer of specialized heavy-duty rubber products for mineral processing, to strengthen its mill liner service offerings in North and Latin America. All 23 employees will be transferred.
Brookfield Business Partners, together with institutional partners, acquired 100% of Westinghouse Electric Company from Toshiba Corp. for approximately $4.6 billion. The acquisition closed on August 1, 2018 after CFIUS clearance.
Röhm, a methacrylates manufacturer, has signed a Sale and Purchase Agreement to acquire SABIC's Functional Forms business. The combined company is expected to have sales over €700 million and 14 production sites. The transaction is expected to close in the first half of 2024.
In-Place Machining Company (IPM) acquired Western Machine Works (WMW) as part of a long-term growth strategy to expand reach and service offerings across the U.S. and Canada.
AxFlow Norway, part of Axel Johnson International, acquired VA-Prosjekt Midt-Norge, a turnkey provider of water and wastewater infrastructure solutions to municipalities in Norway. The deal was announced on 1 June 2023.
Constantia Flexibles and SB Packagings have finalised a joint venture, SB-Constantia Flexibles, to make sustainable food and hygiene packaging in India and South Asia, with investment from Premji Invest after Competition Commission of India approval. The JV operates nine plants.
Grupo Envases intends to acquire Domiberia, a Spanish maker of metal packaging for food and industrial products with operations in Spain and the Netherlands, from Everest Holdings/La Familia Domínguez in a cash deal. Closing is subject to competition approval and expected in Q3 2023.
Piasecki Aircraft Corporation acquired the former Lockheed Martin Sikorsky Heliplex facility in Coatesville, Pennsylvania, and plans to transform it into an advanced R&D center for VTOL aircraft and unmanned aerial systems. The company expects to hire 400 workers by 2028.
BBB Industries, LLC acquired Inter-Turbo sp. z o.o., a Polish manufacturer of turbochargers, injectors and diesel particulate filters, through its subsidiary Budweg Caliper A/S. Terms were not disclosed.
Hammond Power Solutions Inc. completed the acquisition of AEG Power Solutions for approximately CAD $365 million, following receipt of all required regulatory approvals.
Carver Group announced the acquisition of Powrmatic Limited, a UK-based manufacturer and distributor of industrial and commercial HVAC equipment, for an undisclosed sum, adding a fourth production plant to the Group.
HERACLES Group, a member of Holcim, completed the acquisition of LARSINOS S.A., a Greek ready-mix concrete and aggregates company with 2022 net sales of EUR 47 million, adding 17 concrete plants and 3 quarries.
TWE Group GmbH acquired a 50% stake in Obeetee Textiles (OTL) to form a 50:50 joint venture, TWE OBT, which will set up a new facility in India to manufacture nonwoven products for the health and hygiene sector.
XSemi Corporation will transfer its IC and SiC product and module business to Hon Hai's newly set up IC design subsidiary for NT$204 million. YAGEO and Hon Hai will adjust XSemi's shareholding to 55% and 45% respectively.
Miaokeland (600882.SH) announced it will acquire the remaining 42.88% stake in Jilin Guangze Dairy Technology Co., Ltd. from its controlling shareholder Inner Mongolia Mengniu Dairy for CNY 601 million. After the deal, Miaokeland will own 100% of Jilin Technology, which holds key cheese production subsidiaries.
EAM-Mosca, a Mosca company, acquired Spain-based Movitec, adding rotary ring stretch wrapping machines to its product portfolio. The acquisition aims to provide comprehensive end-of-line packaging solutions in the US, Canada, Mexico, and Latin America.
AD, a buying group for independent distributors, announced an intent to merge with The Baron Group, a buying group serving groundwater, well and pump distributors, with closing expected June 30, 2023. The combined members have almost 100 locations across the US and Canada.
Grupo Romero, through its infrastructure platform InfraCorp, acquired 100% of Samay I SA, owner of the 724 MW Puerto Bravo Thermal Power Plant in Mollendo, Arequipa, Peru. The seller was Inkia Energy, controlled by I Squared Capital.
China Instrument Parts announced the acquisition of Iseli Company, a Swiss-screw machine products supplier in Walworth, Wisconsin. Both will become subsidiaries of new parent company Reader Instrument Solutions.
Messer, the world's largest privately held industrial gases specialist, will acquire all shares in Messer Industries from CVC Capital Partners Fund VII, becoming sole owner. Simultaneously, GIC will take a minority stake in Messer to support long-term growth.
Toyota Motor Corp. and Daimler Truck have signed a basic agreement to merge their truck subsidiaries, Hino Motors and Mitsubishi Fuso, into a single company to accelerate development of advanced technologies.
Rexel announces the acquisition of Wasco, a leading distributor of HVAC products and services in the Netherlands, expected to close in the second half of 2023.
Microchip Technology Inc. acquired 100% of the shares of Instigate Semiconductor CJSC, an Armenian company specializing in EDA projects for FPGA design. The acquisition follows a two-year cooperation that began with the founding of Instigate Semiconductor in 2020.
Oshkosh Corporation has entered a definitive agreement to acquire the AeroTech business from JBT Corporation for $800 million in cash. The acquisition adds aviation ground support products and airport services to Oshkosh's portfolio.
Azelis Group NV signed an agreement to acquire Sirius International Water Treatment B.V. on May 30, 2023.
Mitsubishi Electric and Mitsubishi Heavy Industries signed a definitive agreement to integrate their power-generator systems businesses under a joint venture, effective April 1, 2024.
Mitsubishi Electric and Mitsubishi Heavy Industries signed an integration agreement to merge their generator businesses into a joint venture, effective April 1, 2024.
Polish bag-in-box packaging maker BiBP bought a majority stake in Montibox, based in Montilla, Andalusia, Spain, financed by a several-million-euro loan from BGK insured by KUKE.
Dussur announced the acquisition of a substantial stake in Italmatch Chemicals, with a capital increase of EUR 100 million to establish factories in Saudi Arabia. Separately, Dussur and 3D Systems inaugurated the National Additive Manufacturing and Innovation Company (NAMI), a joint venture first announced in March 2022.
ITOCHU Corporation announced the acquisition of all shares of American Hydro from Wärtsilä Corporation, along with related assets in Canada. American Hydro manufactures and maintains water turbines in North America.
NovaTech Automation acquired the product line of TestSwitch LLC, including the W3TS Test Switch, to expand its critical infrastructure solutions portfolio.
Triosim Corporation signed a purchase agreement for the assets of Somarakis, Inc., including inventory and intellectual property, making it the authorized Somarakis pump repair provider. Triosim will build new Somarakis-model vacuum pumps at its facilities in Leland NC, Clinton LA, Middletown OH and Montgomery AL.
The Board of Directors of Tornos Holding decided on May 26, 2023 to evaluate a possible merger of the Tornos Group with the Starrag Group. Both are machine tool manufacturers.
Therma Industri and its parent Francks Kylindustri acquired Trøndelag Kuldeteknikk, a Norwegian refrigeration technology contractor, to strengthen their position in central Norway.
La Paloma Cerámicas has acquired Cerámica Malpesa, a Spanish brick manufacturer. The three production centers of Cerámica Malpesa in Bailén, Jaén, will continue operating, expanding La Paloma's product portfolio to include facing bricks, pressed bricks, ceramic pavers, and construction systems.
ABB has agreed to acquire Rotork plc, a UK-based manufacturer of industrial valves and actuators, for 506 pence per share in cash, valuing Rotork at approximately £4.136 billion. The deal is recommended by Rotork's board.
DAHER has completed the acquisition of Assistance Aéronautique & Aérospatiale (AAA), a French aerospace services company specializing in production, assembly, and MRO for civil and military aircraft.
NelfKoopmans, a Dutch paint producer, has been acquired by PearlPaint Group, backed by Citadel Groep. Paul Dokter will remain involved in the business.