Durante Rentals, LLC acquired the assets of Delaware-based equipment rental provider and dealer Iron Source, LLC on 11 May 2023. The move expands Durante Rentals' reach in the Mid-Atlantic region.
CERTINA GROUP signed an agreement on 11 May 2023 to acquire Feintool Technologie AG and its subsidiaries in the USA and China from Feintool International Holding AG. Feintool will retain a 15% minority stake and collaborate on hydrogen technologies.
US-based Livent and Australia-based Allkem agreed to a $14.3 billion all-stock merger to create a leading lithium producer with operations in Canada, Argentina and Australia. The combined company will be headquartered in the US.
Southeast Mechanical acquired Gentry Air Inc., a Greensboro-based HVAC company, to bolster its presence in the North Carolina market.
Shawmut LLC and Zhejiang Dejun New Material Co., Ltd. announced an exclusive equity joint venture to produce automotive interior fabrics in China, giving Shawmut ownership and vertical control of production.
Cousin Surgery, a French implantable medical device company, has completed the acquisition of PlantTec Medical, a German surgical medical device firm specializing in hemostatic and adhesion prevention solutions.
Bobst has increased its stake in Cito Group to 90% after acquiring the remaining shares from former managing director Jürgen Mariën. Bobst first acquired a 51% majority stake in 2020.
BaltCap, through its Private Equity Fund III, has agreed to acquire a 70% share in Hansab Group, a leading Baltic automation services provider. The transaction value was not disclosed.
Kyocera Unimerco Tooling, a subsidiary of Kyocera, signed an agreement to acquire 100% of German cutting tool manufacturers BFT Hartmetall Werkzeuge and GSB GmbH. The acquisition expands Kyocera's capabilities in oscillation machining.
Hawle Austria Group has acquired the valve manufacturing division of McWane India, strengthening its position in India. Hawle will keep operations running and retain the employees.
Ambienta SGR SpA, through its fund Ambienta IV, has acquired a majority stake in Previero N S.r.l., an Italian pioneer in mechanical plastics recycling. The founding family retains a significant stake in the company.
The Tanzanian government has approved the acquisition of a majority stake in Tanga Cement by Scancem International DA, a subsidiary of Heidelberg Materials, for $400 million investment. The deal was re-approved in February 2023 after an initial rejection.
FUJIFILM Corporation has entered into a definitive agreement to acquire the semiconductor high purity process chemicals business, CMC Materials KMG Corporation, from Entegris, Inc. for $700 million. The acquisition includes approximately 560 employees and twelve sites across the US, Europe and Singapore.
FibrXL, a Dutch distributor and converter of high-tenacity yarns controlled by Active Capital Company, signed a preliminary agreement to acquire the assets of Italian synthetic fiber company Eurotexfilati.
Medical Manufacturing Technologies (MMT), a portfolio company of Arcline Investment Management, acquired Somex Automation, an Ireland-based provider of custom automation equipment for medical device manufacturing. The Somex team will operate under the MMT Automation brand.
Marubeni Corp., through its subsidiary MAIHOIII LLC, acquired Automotive Parts and Services Holdings (APSH), a US-based company focused on online parts distribution and mobile inspection for vehicle service contracts.
Argonaut Private Equity has acquired Center Rock Inc., a Pennsylvania-based provider of drilling tools and rigs for the construction, mining, utility and energy industries.
Trane has acquired Italy-based industrial cooling specialist MTA, adding 500 employees and two manufacturing sites in Italy to expand its European capabilities in process cooling, air conditioning and air treatment.
Omnia Technologies, an Investindustrial project, has finalized the acquisition of Progema Engineering S.r.l., Comas, Favotto, and Mar.Co. Progema specializes in plants for Parmigiano Reggiano and Grana Padano cheese processing; Comas makes liquid filling machines; Favotto manufactures tanks for beverages; Mar.Co operates in bottling.
Iveco Group will take full ownership of the joint venture with Nikola Corporation in Ulm, Germany, paying USD 35 million in cash and 20 million Nikola shares. Nikola will focus on North America and Iveco Group on Europe for zero-emission trucks.
Kostal Group, a German automotive parts and charging specialist, acquired Compleo Charging Solutions, a Dortmund-based EV charging firm. Compleo will continue as an independent brand within the Kostal Group. The deal is expected to close by June 2023.
MaxLinear has entered into a definitive agreement to acquire Silicon Motion in a cash and stock transaction valuing Silicon Motion at $3.8 billion, creating a combined semiconductor company.
SA-AL Køleteknik, a Danish supplier of commercial and industrial refrigeration solutions, is joining Nordic Climate Group as part of the Group's expansion into the Nordic region.
CIMA+, a Canadian consulting engineering firm, has acquired Eramosa Engineering Inc., a specialist in electrical, automation, and IT/OT engineering services for water and renewable energy sectors.
Israel Aerospace Industries signed a deal to acquire Intracom Defense (IDE), a Greek technology defense company that produces missile launchers, missile subsystems, and tactical communications. Financial details were not disclosed.
TotalEnergies acquired Spain-based Iber Resinas, a mechanical recycler of plastics, to increase its production of circular polymers in Europe. Iber Resinas operates two plants near Valencia, Spain.
Idesta Group, through subsidiary Wapeco AB, acquired all shares of Disperator AB on May 8, 2023. The acquisition adds food waste management products to Idesta's commercial kitchen equipment portfolio.
Karora Resources Inc. and Kalamazoo Resources Limited agreed to create a new lithium exploration company, Kali Metals Limited, by vending their respective lithium projects into it. Kali will be listed on the ASX.
Canlak Coatings, a portfolio company of SK Capital Partners, acquired Ceramic Industrial Coatings, a manufacturer of specialty wood coatings. Financial terms were not disclosed.
American Carbonyl, LLC acquired the Carbonyl Iron Manufacturing assets and business lines from Ashland, Inc. on May 8, 2023.
Crane Engineering, a Wisconsin fluid technology distributor, acquired Professional Pump, Inc., a Belleville, Michigan distributor of pumps and fluid process equipment. The deal extends Crane's service footprint into Michigan and Northwest Ohio. Existing management will remain.
Amcor signed a definitive agreement to acquire privately held Moda Systems, a New Zealand manufacturer of automated vacuum protein packaging machines for meat, poultry and dairy. The deal adds equipment and services to Amcor's film portfolio. No value was disclosed.
Accursia Capital has acquired the shares of comp! Elastomere GmbH from MANN+HUMMEL Filtration GmbH. The carve-out transaction was completed on May 7, 2023.
Sidel Group, a global leader in packaging machinery, announced the acquisition of Makro Labelling Srl, an Italian company specializing in modular labeling machines. Makro will maintain its autonomy, operational headquarters, management, and sales channels.
Probo Medical, a global provider of medical imaging equipment, completed the acquisition of National Ultrasound, an ultrasound marketing and sales organization based in Duluth, GA. Terms were not disclosed.
Ultra-Fit Manufacturing U.S.A. Inc., a subsidiary of Canada's Ultra-Fit Manufacturing Inc., acquired Bay Alphi Manufacturing, a tube bending and parts manufacturer for the automotive industry. The deal includes a $1.5 million capital investment and will create 63 new jobs, retaining 44 existing staff.
ABB has completed its acquisition of the Siemens low-voltage NEMA motor business. Financial terms were not disclosed. The business employs about 600 people and generated revenues of about $63 million in 2021.
H. Gulich's Nachf. Fördertechnik GmbH, a company of the REMA TIP TOP Group, acquired the conveyor technology division of Knapheide GmbH Hydraulik-Systeme. The acquisition expands REMA TIP TOP's production capacity of high-quality conveyor belts in Germany.
Mutares SE & Co. KGaA has signed an agreement to sell its portfolio company Special Melted Products Ltd. (SMP) to Cogne Acciai Speciali S.p.A. (CAS) for an enterprise value of approximately EUR 180 million. Closing is expected in Q2 2023.
Halma plc agreed to acquire Sewertronics, a Polish company specializing in UV LED technology for wastewater pipeline repair, for €41 million (approximately £36 million).
ILPRA acquired 70% of Pentavac, a manufacturer of packaging technologies such as elevators, weighers, and filling devices. The acquisition strengthens ILPRA's position in packaging solutions.
Astorg Mid-Cap signed an agreement to acquire a majority stake in hg medical, a manufacturer of orthopaedic implants, from NORD Holding. hg medical has facilities in Germany and the USA.
International Chemical Investors Group (ICIG) acquired ORGANICA Feinchemie GmbH, which will be integrated into the WeylChem Group and operate as WeylChem ORGANICA from July 1, 2023. The acquisition adds about 150 employees and over €20 million in sales.
VIS Hydraulics finalized the acquisition of Milan-based GBC Srl, a specialist in overmolded electrical windings for the fluid power industry. The company has been renamed VIS Coils and will remain in Milan.
Angstrom Automotive Group LLC acquired 100% stake in Federal Mogul Industria De Autopecas Ltda from Tenneco Inc. on May 5, 2023.
DXP Enterprises announced it completed the acquisitions of Riordan Materials Corporation and Florida Valve & Equipment/Environmental MD, both water-market suppliers, funded with cash. Riordan serves Mid-Atlantic and Northeast states and Florida Valve serves Florida municipal water markets. The definitive agreements were signed May 1, 2023.
Henry Schein announced an agreement to acquire Brazilian dental implant manufacturer S.I.N. Implant System from Southern Cross Group. The transaction is subject to regulatory approval and expected to close in H2 2023.
ChromaScape LLC announced the acquisition of Kemira's colorants and dye business, including a manufacturing site at Bushy Park in Goose Creek, South Carolina. The deal closed on May 4, 2023.
Setco Sales Company, a subsidiary of Holden Industries, acquired the assets of GTI Spindle Technology. The combined entity will offer expanded spindle repair and analysis services to the machine tool industry.
CORREGE and THERMO ELECTRIC Inc. announced their merger through a management buyout, creating the COTEMP Sensing group, a temperature measurement solutions manufacturer with over 200 employees in France, UK, USA, and India.