Siemens Limited's board approved the sale of its low voltage motors and geared motors business to Siemens Large Drives India Private Limited, a Siemens AG subsidiary, for Rs. 2,200 crore, effective 1 October 2023.

MacLean Power Systems completed the purchase of Dotson Iron Castings, a ductile iron foundry in Mankato, Minnesota, to accelerate vertical integration.

Aksìa Capital V, through Scarabelli Irrigazione, acquired Samcla ESIC SL, a Spanish company producing monitoring and automation systems for irrigation. The deal was announced on May 18, 2023.

Aksìa Capital V, through its subsidiary Scarabelli Irrigazione, acquired Europlast S.r.l. and FGR S.r.l., Italian companies specializing in plastic mold design and extrusion for irrigation components. The deal was announced on May 18, 2023.

Hyperion Materials & Technologies acquired Dura-Metal Products Corporation, a Pennsylvania-based manufacturer of wear- and corrosion-resistant precision tools and components from cemented carbides, ceramics, and high-speed steels. Dura-Metal employs over 100 people.

Minster Group announced it is joining Breedon Group, a leading construction materials supplier. The investment will enhance Minster's services and add to its fleet of machinery.

Inventronics announced the acquisition of Osram Digital Systems, expanding its global footprint with new R&D centers in Germany, China, and India, and manufacturing centers in Italy and Bulgaria, as well as expanded capacity in China, India, and Mexico.

Biomerics, a medical device contract manufacturer, announced a definitive agreement to merge with Precision Concepts Medical, including the acquisition of the medical business of Precision Concepts International and Precision Concepts Group. The combined company will have over 1.2 million square feet of manufacturing space across 13 locations.

Samsung Display has entered into a definitive merger agreement to acquire eMagin Corporation for $2.08 per share in cash, valuing the transaction at approximately $218 million. eMagin is a U.S. leader in OLED microdisplays for AR/VR and near-eye imaging products.

Loxam announced the acquisition of Motormac Rental, strengthening its presence in Brazil.

VT Industrial Technology Co., a Chinese technology company, acquired 100% of shares of Ebmeyer Werkzeugbau GmbH, a German manufacturer of forming tools for the automotive industry. The transaction strengthens VT's presence in Europe.

Arkema, a French specialty materials manufacturer, acquired Polytec PT, a German company specializing in adhesives for batteries and electronics. The acquisition strengthens Arkema's Bostik adhesives division for the battery and electronics markets.

Epiroc agreed to purchase key assets of Schramm Australia, a manufacturer of reverse circulation drilling products, including intellectual property, two production facilities near Perth, and two service centers in Queensland and South Australia. The deal is expected to close in Q2 2023.

Investcorp, a global alternative investment firm, completed the acquisition of a controlling stake in Shandong Jianuo Electronics Co. Ltd., a Chinese manufacturer of specialty components for renewable energy, EVs, and 5G infrastructure. The deal marks Investcorp's first control buyout in China.

Gelpac, a Canadian packaging manufacturer, announced the acquisition of Standard Multiwall Bag Mfg. Co., a maker of industrial and food-grade multiwall bags with plants in Beaverton, Oregon and Lubbock, Texas. The deal was financed by CDPQ, W Investments and a bank syndicate led by National Bank of Canada.

Nextech, a commercial HVAC/R service provider, acquired Service Specialists, a commercial HVAC and refrigeration service company headquartered in Madison, Wisconsin. The acquisition was finalized on May 16, 2023, adding approximately 50 employees.

Boston Scientific agreed to acquire an additional stake in M.I.TECH Co., Ltd. from Synergy Innovation Co., Ltd. for KRW 46.1 billion on May 16, 2023.

Ansys entered a definitive agreement to acquire Diakopto, a provider of EDA solutions for integrated circuit design. The transaction is expected to close in Q2 2023.

Dalsan Alçı and Saint-Gobain Rigips Alçı completed a 50-50 joint venture merger, forming Dalsan Alçı Sanayi ve Ticaret A.Ş. The combined entity aims to produce 100 million sqm of gypsum board and over 2 million tons of building materials across five plants.

SKF India Limited acquired 26,267 additional shares of Clean Max Taiyo Private Limited for a total of 26% ownership, to secure a captive power plant for renewable energy supply.

Faurecia, Michelin and Stellantis signed a binding agreement for Stellantis to acquire a 33.3% stake in Symbio, a hydrogen fuel cell company. Faurecia and Michelin will each retain 33.3% holdings. Symbio plans to produce 50,000 fuel cells per year by 2025 at its Saint-Fons gigafactory.

Maginito Limited (90% Mkango, 10% CoTec) agreed to increase its ownership in HyProMag from 42% to 100% for £1 million in cash and £1 million in Mkango shares, plus up to £3 million in shares subject to milestones. The deal targets first UK production in 2023 and German production in 2024.

Katolec Corporation entered into an agreement to acquire 83.7% of the shares of Ultimate Technologies Inc. (UTI), a Japanese electronics design and manufacturing company. The deal value was not disclosed.

Yushin Precision Equipment (Japan) signed an agreement to acquire 100% of Wemo Automation AB (Sweden) from HAHN Group (Germany). Wemo manufactures linear robots and automation cells for the plastics industry.

Infineon Technologies AG acquired 100% of Imagimob AB, a Stockholm-based startup providing machine learning platforms for edge devices. The deal value was not disclosed.

Lumibird signed an agreement to acquire Convergent Photonics and related assets from Prima Industrie, covering high power laser and semiconductor businesses in Italy and the US. The transaction is expected to close in H2 2023.

Inframark acquired Phoenix-based Mehall Contracting, a wastewater management service provider, on May 28, 2025. Mehall serves commercial and industrial clients including food and beverage companies.

Azuria Water Solutions and Inframark completed their previously announced combination on April 23, 2026, creating a platform with over $2.5 billion in revenue. Inframark will operate as a flagship brand under Azuria.

Venator Group has acquired the business, plants in Cuxhaven and Hemmoor, and all 57 employees of Giesserei Schmidt GmbH & Co. KG, an iron and aluminum foundry that had been in insolvency since January 2023. The acquisition was effective May 1, 2023.

Amixalan, a newly formed consortium led by Xabier Blanco, has acquired a majority stake in Ega Perfil, a Spanish supplier of metal profiles for construction and agriculture. Amixalan plans to significantly expand Ega Perfil's facilities in Villatuerta.

PARI, a manufacturer of respiratory medical devices, acquired Irish company Nortev, which manufactures and sells the equine nebuliser Flexineb and other animal inhalation devices. Nortev will continue as an independent company.

NCL Industries has signed a share purchase agreement to acquire 100% of Vishwamber Cements, which owns 130 hectares of active limestone quarries. The acquisition will be merged into NCL Industries' cement business.

Viridor, a UK waste management company, successfully completed its acquisition of a majority stake in Quantafuel AS, a Norwegian plastics-to-liquids technology company, for approximately £90 million. A new board has been formed with Viridor's CEO and CFO.

Dellner Polymer Solutions, part of Sweden's Dellner Group, acquired Ferrabyrne Autocomp Suspension Technologies (FAST), a tier 1 parts and assemblies manufacturer based in Pune, India. The acquisition aims to expand engineering capabilities and market presence in India.

Design Mechanical Inc. announced the acquisition of Benso Refrigeration Group, expanding its commercial HVAC services to include commercial and industrial low-temperature refrigeration for supermarkets, laboratories, hospitals, and food processing.

Capital Tool Industries, an Indian gear-cutting tool manufacturer, acquired Mico Tools (Mishalle NV) in Belgium, a manufacturer of power skiving cutters, gear shaper cutters, and chamfering tools. The acquisition expands CTI's product line and European footprint.

Bacheng Medical-B (02170) agreed to acquire all shares of BMX Holdco Pte. Ltd. for $40 million. The target company has a product portfolio in assisted reproduction, including time-lapse incubators, assisted reproduction liquids, and electronic witnessing systems.

The Master Group, a Canadian HVACR distributor, acquired Ohio-based Refrigeration Sales Corp. (RSC), an independent distributor of HVACR products. The acquisition expands The Master Group's footprint in Ohio and Pennsylvania.

HEICO Corporation entered into an agreement to acquire Wencor Group from Warburg Pincus and management for $1.9 billion in cash and $150 million in stock, totaling $2.05 billion. Wencor will become part of HEICO's Flight Support Group.

Uponor signed an agreement to buy the remaining 44.7% stake in its subsidiary Uponor Infra Oy from KWH Group for about €60 million, raising its ownership from 55.3% to 100%. Closing is expected in the third quarter of 2023 after regulatory approvals.

Kinshofer GmbH acquired a majority stake in German company HGT Hydraulikgreifer-Technologie GmbH, as announced on October 12, 2023.

Kinshofer GmbH acquired a majority stake in Dutch company GMT Equipment B.V., as announced on September 24, 2024.

Kinshofer Group from Germany acquired a majority stake in Italian company Boscaro S.r.l., as announced on May 8, 2026.

Papé Material Handling acquired Globe-Bay Area Forklift, effective May 12, 2023. No financial details were disclosed.

Private equity firm Apollo Management Group is set to acquire Arconic, an aluminum products company, at $30 per share. The deal is expected to close before the end of 2023.

F. Zimmermann GmbH has taken over 100% of EiMa Maschinenbau GmbH, a milling machine builder, with retroactive effect from January 1, 2023. EiMa has a sales volume of about EUR 10 million and 60 employees.

Pronomic, a provider of industrial lifting solutions, has completed the acquisition of French manufacturer and integrator Ingenitec. The deal strengthens Pronomic's presence in France.

VinFast Auto Pte. Ltd. and Black Spade Acquisition Co announced a business combination agreement. After the transaction, VinFast will have an equity value of over US$23 billion and be listed in the U.S., with an enterprise value of approximately US$27 billion.

Hitachi Construction Machinery (Europe) NV announced the rebranding of its recently acquired French dealer Cobemat SAS as Hitachi Construction Machinery France, effective April 1, 2023. The acquisition included subsidiaries Cobeloc (renamed HCM Rent France) and MTS.

Ambienta's water pump platform Wateralia acquired Italian pump distributors Linea Ricambi and Bergomi Trading, combined as Caprari Trading. The two companies serve more than 850 clients and add aftersales and distribution capacity to Wateralia.