SCG Packaging's board approved buying a 70% stake in Starprint Vietnam JSC, an offset folding carton maker in Dong Nai, Vietnam, for up to 1,050 billion dong (about 1.5 billion baht). Flexible packaging maker Starflex will take 25% of the vehicle after the deal, which is expected to close in Q3 2023.
Gaussin SA and Macnica Inc acquired the assets of autonomous vehicle firm Navya SA for EUR 1.4 million in April 2023, forming a joint venture called Gaussin Macnica Mobility (GMM), 51% owned by Gaussin and 49% by Macnica.
Nidec's chairman and CEO Shigenobu Nagamori stated at an earnings briefing on April 24, 2023, that the company will acquire several machine tool makers in the near future, with announcements expected soon.
Eaton China and Jiangsu Ruien Electric Co., Ltd. held the unveiling ceremony for their joint venture in Hai'an, China, on April 24, 2023. The joint venture will focus on electrical equipment manufacturing.
IK Partners has agreed to acquire Medica plc for £269 million.
Renesas Electronics Corp. is in advanced talks to acquire Dialog Semiconductor for approximately $5.9 billion, offering €67.50 per share in cash.
Ronin Equity Partners has formed Lotus Beverage Alliance through the simultaneous merger of six companies, including G.W. Kent Inc., Alpha Brewing Operations, Twin Monkeys, Stout Tanks and Kettles, Brewmation, and Automated Extractions. The combined entity has a value of $100 million.
Ami Organics Ltd acquired a 55% stake in Baba Fine Chemicals (BFC) for Rs 68.2 crore, entering the semiconductor industry. BFC manufactures specialty chemicals used in the semiconductor and electronics industry.
Picard Medical, parent of SynCardia Systems, entered a definitive business combination agreement with Altitude Acquisition Corp. to become a publicly traded company. The transaction estimates a pre-money enterprise value of $480 million for Picard Medical.
Haver & Boecker Niagara acquired partial ownership in Tandem Products Inc., a polyurethane producer of screen media and liners for mining and industrial industries. The joint venture combines sales channels and expands Haver & Boecker Niagara's North American polyurethane manufacturing.
Nordic Capital acquired a majority share in corpuls, a German medical technology company that develops defibrillators, monitoring devices, and chest compression devices. The transaction is expected to close at the end of Q2 or beginning of Q3 2023.
Enex Technologies announced the acquisition of EOS Refrigeration Equipment S.L., a Spanish manufacturer of inox and aluminum ventilated units, evaporators, condensers, and ammonia chillers. The acquisition strengthens Enex's portfolio in natural refrigerant-based HVACR equipment.
East West Manufacturing, LLC acquired Eastprint Incorporated, a printed electronics solutions provider based in North Andover, Massachusetts. The acquisition adds capabilities in printed electronics and human machine interface technologies.
Eaton announced it has completed the acquisition of a 49% equity stake in Jiangsu Ryan Electric Co., Ltd., a Chinese manufacturer of distribution and substation transformers. The deal aims to accelerate Eaton's growth in renewable energy, data centers, utilities, and industrial markets.
Heidelberg Materials entered into a definitive purchase agreement to acquire The SEFA Group Inc., the largest fly ash recycling company in the USA, based in Lexington, South Carolina.
Blackstone funds completed the acquisition of a majority stake in Emerson's Climate Technologies business, valued at $14.0 billion, which will be renamed Copeland. Emerson receives about $9.7 billion in upfront proceeds and keeps 40% common equity.
Constantia Flexibles has acquired Lászlópack Kft, a Hungarian flexible packaging manufacturer specialising in flexographic printing, with a plant in Komarom. Financial terms were not disclosed.
AkzoNobel has reached an agreement to acquire Sherwin-Williams' Chinese decorative paints business, strengthening its position in China.
Bentley InnoMed GmbH acquired its main supplier Qmedics AG, a Swiss manufacturer of balloon catheters, effective July 3, 2023, to secure its supply chain and expand into interventional radiology.
Rayburn Electric Cooperative announced it plans to acquire the 758 MW Panda Sherman Power Plant, a natural gas combined cycle plant in Grayson County, Texas, and rename it Rayburn Energy Station.
Rulmeca Holding S.p.A. announced the acquisition of Douglas Manufacturing Ltd, a conveyor components manufacturer based in Pell City, Alabama.
Britten-Norman and Cranfield Aerospace Solutions (CAeS) signed a Heads of Terms agreement to merge, creating a zero-emissions sub regional aircraft company. A consortium led by HydrogenOne Capital Growth Plc will invest up to £10 million in the new company.
Electrical Components International Inc., a Creve Coeur-based manufacturer of wire harnesses and electrical components, has acquired Canada-based Aerosystems International. The acquisition expands ECI's presence in Canada.
Persico S.p.A acquired CHH, Inc. (d/b/a Precision Mold Services), a U.S. rotomoulding service provider based in Minnesota. The transaction closed on April 20, 2023.
Mark Krauss, owner of American Cord & Webbing Co. (ACW), acquired Advantage Plastic Products (APP), a custom injection molding company in Concord, New Hampshire. The new entity operates as ACW Plastic Products, Inc. (APP), DBA Advantage Plastic Products, adding 25,000 square feet and new capabilities.
The 2M Group of Companies has acquired Laboratorios Prady Normapiel, a Spanish manufacturer of perfumes and cosmetics for the personal care industry.
Control Associates, Inc. acquired MV Controls, Inc., an HVAC solutions provider in Randolph, New Jersey, effective April 20, 2023. The acquisition expands Control Associates' HVAC portfolio.
EDGE Group, an advanced technology and defence group from the UAE, acquired a majority stake in Estonia's Milrem Robotics, a developer of robotics and autonomous systems. The transaction is the largest foreign investment in Estonian defence.
Imerys Ceramics Italy sold its Spica production site for sanitary ware mixes to Gemica Srl and KMK Granit a.s., forming New Spica Srl. A long-term raw material supply contract was signed.
Alleima signed an agreement to acquire Söderfors Steel Operations AB, a Swedish company specializing in hot rolling of small diameter bars and profiles. The acquisition will expand Alleima's offerings for Medical and Aerospace segments.
The ACCC will not oppose Sika's proposed acquisition of MBCC Group, subject to Sika divesting MBCC Group's entire business in Australia and New Zealand, including Bluey Technologies, as part of a global remedy package.
ITOCHU Corporation completed the acquisition of Transcend Packaging Ltd on April 20, 2023. The announcement was made on April 19, 2023.
Disruptive Capital Acquisition Company Limited (DCAC) entered into a definitive agreement to combine with Global InterConnection Group SA, an integrated platform for interconnector cables and energy transmission infrastructure. The combined company will be renamed Global InterConnection Group Limited and listed on Euronext Amsterdam.
Movensys, a South Korean motion control platform company, acquired Skylla Technologies, an MIT spinoff specializing in autonomous mobile robot (AMR) control software. The acquisition was announced on April 19, 2023.
FCAH Aerospace, backed by O2 Investment Partners, made an investment in and partnered with Cobalt Aero Services to support its strategic growth in MRO services for nacelle components and thrust reversers.
Heckmann Metall- und Maschinenbau GmbH acquires W. Ziemann Elektrotechnik GmbH, effective January 1, 2025, to expand its portfolio into electrical engineering and automation.
SKion Water, owned by Susanne Klatten, has acquired Norwegian water and environmental group ENWA AS, adding ENWA's water and wastewater treatment capabilities to its global group of water technology companies.
SK chemicals has signed an asset transfer agreement to acquire the chemically recycled BHET and PET business division of Chinese company Shuye for approximately $98.4 million. The acquisition includes a depolymerization plant and CR-PET production facility.
Piller Blowers & Compressors is selling its hot gas circulator business unit, including two fan series, to Karl Klein Ventilatorenbau effective 1 June 2023. Piller will focus on blowers for steam compression.
Ancra Cargo and Ancra Systems BV, sister companies owned by The Heico Companies, will consolidate operations under Ancra Cargo to expand North American infrastructure and European market presence. The merger is expected on May 1, 2023.
The UK's Competition and Markets Authority launched a phase 1 merger inquiry into Amazon's $1.7 billion acquisition of iRobot, the maker of Roomba robot vacuums.
Global wastewater management specialist Metasphere acquired Meniscus, a UK-based AI and machine-learning company that provides real-time data analytics solutions to the wastewater industry.
Blue Water Shipping acquired 100% ownership of the Danwind Blue Water joint venture, a wind turbine installation and services company. The acquisition strengthens Blue Water's position in the wind industry.
Nippon Kayaku, a Japanese chemical company, acquired Aero Systems West (ASW), a UAV manufacturer. The acquisition marks Nippon Kayaku's entry into the UAV market and is expected to expand ASW's operations and production capacity.
HANSA-FLEX AG has acquired Knapheide, a hydraulic systems supplier to German machinery makers with about 400 employees and revenue in the high double-digit millions of euros, as a strategic investment in mid-April 2023. Knapheide keeps its name and sites.
Plastopil's wholly owned subsidiary completed the purchase of Polishak, a MOPE film maker for flexible packaging based at Nir Yitzhak, for about NIS 22 million plus about NIS 9 million of acquired inventory. Polishak exports about 98% of output mainly to Europe and the US.
Universal Pure LLC, a portfolio company of Aurora Capital Partners, entered a purchase agreement to acquire all High Pressure Processing (HPP) assets of Texas Food Solutions. The deal strengthens Universal Pure's HPP and cold chain capacity in the region, adding to its 22 HPP machines across seven locations.
Motherson Group, through its subsidiary SMP Automotive Systems Alabama, has completed the acquisition of Alabama-based automotive plastics supplier Bolta US for $35.7 million in fixed assets. The deal was authorized by the US Bankruptcy Court.
Mitsubishi Heavy Industries will acquire a 50.1% stake in Kırklareligaz, an asset of Ata Elektrik, to form a joint venture and build a 520 MW gas-fired power plant in Kırklareli, Turkey. The plant is scheduled to be operational by 2016.
The Hershey Company has entered into a definitive agreement to acquire two manufacturing plants from Weaver Popcorn Manufacturing, located in Bethlehem, Pennsylvania and Whitestown, Indiana. The acquisition supports growth of the SkinnyPop brand.