ZÖLLER-KIPPER GmbH acquired a majority stake in AMEC shpk, a component manufacturer based in Durres, Albania. The company founders remain as co-shareholders.
Novvia Group acquired Northern Container, a stocking distributor of industrial rigid containers based in Alsip, Illinois, in May 2023. Terms were not disclosed.
LyondellBasell agreed to acquire Veolia Belgium's 50% share in Quality Circular Polymers, becoming sole owner of the plastic recycling joint venture with facilities in Belgium and the Netherlands.
Fluid System Components, Inc. announced the acquisition of Norcan Fluid Power Company, a fluid power distributor serving Western Canada, which is the largest Canadian distributor of Bosch Rexroth products. Terms were not disclosed.
Biffa Polymers announced the acquisition of Esterpet Ltd, a PET plastic recycler with a facility near Leeds that converts 25,000 tonnes of plastic flakes a year into pellets. The deal extends Biffa's recycled PET capability.
Hydrotech, Inc. announced its acquisition of Isaacs Fluid Power Equipment Company, a fluid power distributor based in Mason, Ohio, with six locations in the Midwest. Isaacs will operate as a division of Hydrotech, and specific terms were not disclosed.
EnviroFALK GmbH acquired JWT GmbH and merged it into the company on April 30, 2023, establishing a new branch in Jena to expand its sales and service network in Germany.
National Paints (Al-Asbagh) of the UAE has made a mandatory purchase offer for all shares of Pakin (Paints and Chemical Industries), with the state-owned Chemical Holding Company deciding to sell its 44.6% stake. The total deal value is expected to be about EGP 955 million.
Saint-Gobain has completed the ₹400 crore acquisition of Twiga Fiberglass Ltd, a manufacturer of glass wool based in Uttar Pradesh, India. Twiga has two manufacturing facilities near Delhi and Mumbai.
Cargotec's board initiated a process to potentially separate Kalmar and Hiab into two standalone listed companies via a partial demerger, with Kalmar's listing on Nasdaq Helsinki targeted for 2024.
A holding company owned equally by Airbus, Safran and Tikehau Capital finalized the acquisition of Aubert & Duval from Eramet. Aubert & Duval is a supplier of critical parts and materials for aerospace, defence, nuclear and medical industries, with annual revenues of €550 million and 3,700 employees.
RIFA Precision Machinery (002520.SZ) has announced a plan to acquire a 24.5176% stake in Zhejiang RIFA Precision Machine Tool Co., Ltd. from the National Manufacturing Transformation and Upgrading Fund for CNY 336.58 million, paid via share issuance. The deal will increase RIFA Precision's ownership to 100%.
Mutares SE & Co. KGaA has completed the acquisition of 87.5% of BEW-Umformtechnik GmbH, a German manufacturer of highly stressed forgings, from Marigold Capital and minority shareholder Markus Schramek. BEW generates revenues of approximately EUR 55 million and employs around 160 people.
LyondellBasell has signed an agreement to buy Veolia Belgium's 50% stake in Quality Circular Polymers (QCP) BV, making LyondellBasell the sole owner of the mechanical recycling facilities in Belgium and the Netherlands.
Glencore has reached a binding agreement with Norsk Hydro to acquire a 30% equity stake in Alunorte S.A. and a 45% equity stake in Mineracão Rio do Norte S.A. for a combined equity value of approximately USD 775 million.
Wanhua Chemical announced it plans to acquire a 47.81% stake in Yantai Juli Fine Chemical Co., Ltd. from Xinjiang and Shandong Xu Investment Management Center for 1.785 billion yuan.
Xylem said it would acquire the Cornell Pump and Roper Pump businesses from Indicor for $1.46 billion, expanding its industrial and municipal pumping operations.
Bobst Group acquired a 70% equity stake in Dücker Robotics s.r.l., an Italian maker of robots for loading and palletizing in the corrugated board sector. The deal closed on April 28, 2023, and the current management stays in place.
Dallas-based Singer Industrial acquired Arizona-based Hotsy Industrial Systems, a maker of pressure washers, air compressors, wastewater treatment systems and detergents, with financial terms undisclosed. Hotsy will operate within Singer's Fluid Power Division from its Tucson location.
South Korea's Fair Trade Commission approved Hanwha Group's 2-trillion-won ($1.45 billion) acquisition of a 49.3% stake in Daewoo Shipbuilding & Marine Engineering (DSME), with conditions to resolve anti-competition concerns.
Abbott has completed the acquisition of Cardiovascular Systems, Inc. (CSI), a medical device company with an innovative atherectomy system for treating peripheral and coronary artery disease. CSI became a wholly owned subsidiary of Abbott.
Norsk Hydro ASA has relaunched a tender offer process to acquire 100% of the shares of Polish recycler Alumetal S.A. for approximately PLN 1,230 million (about EUR 267 million). The European Commission's merger review is pending with a provisional decision deadline of May 23, 2023.
Spengler Group, a French medical device manufacturer, has acquired Dessillons & Dutrillaux (DDM) and Electro-Concept Médical (ECM), two medical equipment manufacturers. The deal strengthens Spengler's manufacturing division in medical diagnostics, orthopedic surgery, and neonatology.
Shareholders of Uni-Select Inc. approved the plan of arrangement for LKQ Corporation to acquire Uni-Select. The deal is subject to regulatory approvals and is expected to close in the second half of 2023.
NextChem, a subsidiary of Maire Tecnimont, acquired a 51% stake in MyRemono S.r.l., which holds the CatC plastic catalytic depolymerization technology. The technology recovers high-purity monomers from plastic waste, with a demonstration plant operating in Italy.
Micross has acquired TechnoGraph Microcircuits, a UK-based developer of PCB design and production solutions for harsh environments. The terms of the transaction were not disclosed.
Continental has fully acquired the printing technology business of Trelleborg, headquartered in Lodi Vecchio, Italy. The acquisition adds approximately 600 employees at eight sites in seven countries and expands Continental's range of surface solutions for printing technology.
RS Group PLC has agreed to acquire Distrelec B.V., a high-service digital-led distributor of industrial and MRO products, for €365 million on a cash-free and debt-free basis. The acquisition expands RS's presence in continental Europe, particularly in Germany, Switzerland, and Sweden.
Fras-le has completed the acquisition of Nakata Automotive for R$ 457 million. The deal combines the two companies' aftermarket operations in Brazil, expanding product offerings for light and heavy-duty vehicles and motorcycles.
Boels Rental, through its Nordic subsidiary Cramo, acquired Norwegian construction equipment rental company BAS Maskinutleie from construction group Backe. BAS operates eight locations in Norway with a fleet including telehandlers, booms, and scissor lifts.
Carrier announced it will acquire Viessmann Climate Solutions at a purchase price of $13.2 billion. Carrier also announced plans to exit its fire and security and commercial refrigeration businesses.
Viessmann Group announced it is combining its Climate Solutions business area with Carrier Global Corporation, creating a new global champion in intelligent climate and energy solutions. The transaction does not include Viessmann Refrigeration Solutions.
Carrier Global Corp. announced the acquisition of Viessmann Climate Solutions, the largest segment of Viessmann Group, in a cash and stock transaction valued at €12 billion ($18 billion). The deal is expected to close around the end of 2023.
Biffa acquired North Yorkshire-based PET plastic recycling company Esterpet for an undisclosed sum, adding a 25,000 tonnes per year capacity PET plant near Leeds, boosting Biffa's UK plastic recycling capacity to around 185,000 tonnes.
Robert Bosch GmbH acquired TSI Semiconductors in Roseville, California, and plans to invest over $1.5 billion to convert the facility to produce silicon carbide chips for electric vehicles, starting in 2026.
Bosch will acquire the assets of U.S. chipmaker TSI Semiconductors and invest $1.5 billion to upgrade its manufacturing facility in Roseville, California, to produce silicon carbide chips on 200-millimeter wafers starting in 2026.
Columbus McKinnon announced a definitive agreement to acquire montratec GmbH, a German automation solutions company providing intelligent transport systems for EV, semiconductor, and other industries.
Corza Medical has signed a definitive agreement to acquire Takeda's TachoSil manufacturing operations in Linz, Austria. The acquisition includes the production facility and its experienced manufacturing teams.
Spanish carton maker Hinojosa Packaging entered exclusive negotiations to acquire a 49% stake in French corrugated packaging maker ASV Packaging, which has 210 employees and 64 million euros in revenue. The deal would also give the two groups joint control of Halopack tray production in Iberia and France.
B2B Industrial Packaging, a GenNx360 company, announced the acquisition of Millennium Packaging Inc., a South Elgin, Illinois provider of shrink film, stretch film, packaging equipment and corner board. It is B2B Industrial Packaging's 29th acquisition.
Alto Partners S.G.R. acquired a majority stake of about 71% in Lario Plast S.r.l., a maker of HDPE and PET bottles, through its Alto Capital V private equity fund. Proactiva Strategy M&A advised Lario Plast on the deal.
Honeywell agreed to acquire Compressor Controls Corporation (CCC), a turbomachinery control provider, from INDICOR LLC for $670 million in an all-cash deal announced April 26, 2023. The deal is about 15x 2023E tax-adjusted EBITDA.
Viessmann Group announced plans to combine its Climate Solutions business area with Carrier Global Corporation, creating a new global champion in climate and energy solutions. Viessmann becomes a major shareholder in Carrier.
Schweizer Electronic AG completed the sale of 80% of its Chinese subsidiary Schweizer Electronic (Jiangsu) to WUS Printed Circuit (Kunshan) for an undisclosed price. Schweizer retains a 20% stake in the joint venture.
Sila Services acquired Absolute Air Services, a residential HVAC company serving Connecticut counties.
Graybar has entered into an agreement to acquire Valin Corporation, a supplier of automation control components and distributor of automation, filtration, fluid handling, heating and process control products. The transaction is expected to close on May 1, 2023.
Techniplas US has completed its acquisition of Proper Group International's Anderson, South Carolina manufacturing operation. The 86,000 ft² facility with over 120 employees manufactures automotive exterior components and industrial components.
Cement Invest, representing Georgian Co-Investment Fund and others, acquired its joint venture partner Heidelberg Materials' shares in HeidelbergCement Georgia and TerjolaQuarry, making Cement Invest the sole owner.
Century Aluminum Company acquired Noble Group's 55% interest in JAMALCO, an alumina refinery in Jamaica, with the non-objection of the Government of Jamaica.
Beijer Ref AB acquired a leading HVAC distributor in Bulgaria. The announcement was made on 2023-04-25, but the target company name and deal value are not disclosed in the provided text.