Enovis Corporation announced a definitive agreement to acquire Novastep, a subsidiary of Amplitude Surgical SA, for its minimally invasive foot and ankle solutions including the Pecaplasty MIS bunion system. The transaction is expected to close in Q2 2023.
RISE Group, Inc. acquired Air Masters HVAC of NE, Inc., a 23-person commercial HVAC and building automation firm based in Fall River, Massachusetts, in April 2023. Terms were not disclosed.
Hauhinco Holding GmbH acquired automation specialist EXPROTEC GmbH (formerly Bartec) of Menden, Germany, effective April 3, 2023. The company, which focuses on explosion-proof electrical engineering for mining and heavy industries, will operate as HBT Automation GmbH and move to Luenen in Q4 2023.
FGS Plant, part of Heathcote Holdings Group, acquired Clements Plant & Access Hire, a Coventry-based plant hire company. The deal was completed on March 31, 2023.
Konecranes agreed to acquire a 70% majority interest in Mitsubishi Electric FA Industrial Products (MFK) from Mitsubishi Electric Corporation. The acquisition was announced on July 7, 2026, and will give Konecranes a strong presence in Japan's wire rope hoist market.
Delfingen acquired 100% of AHN Chem Co., a Korean company specializing in textile sheaths and heat shields, for an undisclosed amount. The acquisition was announced on April 3, 2023.
Delfingen acquired 85% of Reiku GmbH, a German family-owned company specializing in industrial cabling protection, for an undisclosed amount. The acquisition was announced on April 3, 2023.
Mitsubishi Chemical Group has transferred a 25% stake in Mitsubishi Engineering-Plastics Corporation to Mitsubishi Gas Chemical Company, effective April 3, 2023. Concurrently, MCG acquired the XANTAR and NOVADURAN businesses from MEP.
Taiyuan Iron & Steel (TISCO), PT Vale Indonesia Tbk, and Shandong Xinhai Technology Co. have established a joint venture to operate a ferronickel processing project in the Bahadopi area of Sulawesi, Indonesia.
Baoshan Iron & Steel Co. (Baosteel) and Inner Mongolia Baotou Steel Union Co. have established a joint venture company. Baosteel is a subsidiary of China Baowu Steel Group.
GE Healthcare (China) and China National Medical Device Co. (CMDC) have signed agreements to establish a joint venture company in China to provide CT and ultrasound equipment for the Chinese market.
nVent Electric plc has entered into a definitive agreement to acquire ECM Industries, LLC, a provider of electrical connectors, tools and cable management, for $1.1 billion. The acquisition is expected to close in 2023.
H.I.G. Capital has sold Elekeiroz, a Brazilian maker of plasticizers and oxo alcohols, to the Brazilian specialty chemical maker Oswaldo Cruz Química.
Triple-S Steel Holdings, Inc., through its affiliates Arbor Metals Inc. and Tube Supply, LP, has acquired the assets of Marco Steel and Aluminum Inc., which has locations in Midland, TX, Lubbock, TX, and Albuquerque, NM.
Delfingen Industry S.A., a French automotive supplier, has acquired 85% of Reiku GmbH, a German specialist in cable protection for industrial applications in automation and robotics. The acquisition accelerates Delfingen's diversification into industrial applications.
ETERNA (Shanghai Eternal Machinery Co., Ltd.) has completed the purchase of a 70% stake in Yancheng HONGJING Machinery Technology Co., Ltd. HONGJING will focus on producing folding-gluing lines and become the center of this business for ETERNA.
Sandvik acquired MCB Services and Minerals, a provider of mining software and services and exclusive reseller of Deswik in Brazil. MCB's 2022 revenue was SEK 60 million.
India's Competition Commission approved a share-swap under which SB Packagings will acquire five C-Flex India flexible packaging entities from Constantia Flexibles Sales B.V., with C-Flex receiving shares in SB Packaging.
Vestum agreed to sell a portfolio of 20 operating companies from its Water segment, formerly part of Lakers Group, to Equip Capital for SEK 326.5 million on a cash and debt-free basis, with closing expected in Q2 2023.
BDR Thermea Group, a manufacturer of smart indoor climate solutions, has acquired a majority stake in Eurevia, a French developer and manufacturer of ducted heating and cooling systems. The acquisition expands BDR Thermea's portfolio of energy-transition solutions for new builds.
In April 2023, Toyobo and Mitsubishi Corporation formed a joint venture, Toyobo MC, and Toyobo's nonwovens business was transferred to the joint venture.
Invicta Holdings, through its subsidiary KMP Holdings, has purchased a 50% stake in KMP Far East Pte Ltd, a Singapore-based supplier of aftermarket heavy-duty diesel engine parts. The effective date of the acquisition was April 1, 2023.
Addtech has acquired a majority stake in INDAG Maschinenbau, a German manufacturer of dynamic continuous inline mixers for dairy, confectionery, beverages, and cosmetics industries. The terms of the transaction were not disclosed.
Alkern Group announced the acquisition of the ADG Béton group, which includes two sites in Rosières aux Salines and Mersuay, France, with 60 employees and over €15 million turnover, to strengthen its water management offerings.
Medtronic and DaVita launched Mozarc Medical, an independent kidney health technology company co-owned with equal equity stakes. The venture includes Medtronic's Renal Care Solutions business.
An affiliate of Sun European Partners, LLP signed an agreement to acquire MegaGroup and its affiliated companies. Sun European will support MegaGroup's growth strategy in water equipment distribution.
Celeros Flow Technology entered a definitive agreement to sell its Filtration business unit to UK-headquartered private equity firm Px3 Partners.
Thompson Pump distributor Florida Pumping Solutions acquired American Sock & Dewatering, a socking company in Northern Florida.
Versalis, the chemicals unit of Eni, agreed to buy Novamont, a bioplastics and biochemicals company backed by NB Renaissance. No deal value was given in the article.
Atlas Copco agreed to acquire National Pump & Energy, a pump, power and compressor rental and sales business in Australia and New Zealand, with closing expected in Q2 2023. The price was not disclosed.
Krones signed an agreement on 20 April 2023 to acquire 90% of Ampco Pumps Company LLC, a Wisconsin supplier of sanitary pumps and mixing equipment to food, beverage, dairy and pharma markets. Ampco generated about US$50 million revenue in fiscal 2022, and closing is expected in the first half of 2023.
PumpMan Holdings acquired the DAS Group, a Pittsburgh manufacturer's representative for municipal water and wastewater process equipment, and merged it into PumpMan Pittsburgh in Allison Park, Pennsylvania. The deal is PumpMan's twelfth acquisition.
Danish marine pump specialist Svanehøj acquired Complete Cryogenic Services in Tustin, California, which services electric submerged pumps on LNG carriers. CCS will continue as Svanehøj CCS under Svanehøj Service Solutions with its nine employees.
Charlesbank Capital Partners' portfolio company BOX Partners acquired The Packaging Wholesalers, a nationwide packaging distributor, in a transaction announced April 25, 2023. Financial terms were not disclosed.
Centurion Group, a portfolio company of SCF Partners, acquired Blue Drop Solutions, a provider of wastewater and water treatment services to energy and heavy industry in Canada. The transaction closed on March 31, 2023.
Weidmann Group concluded the sale of its North American Diagnostic Laboratory business and InsuLogix monitoring product line to Megger Ltd on March 31, 2023.
Glencore announced an offer to merge with Teck Resources in a deal valued at US$23 billion. The offer had been rejected by Teck as of the article date.
Lundin Mining announced the purchase of a 51% stake in the Caserones copper and molybdenum mine in Chile from JX Nippon Mining for US$950 million in late March 2023.
BCPG Public Company Limited has entered into an agreement to purchase a 25% stake in Hamilton Holdings II, LLC for up to $260 million, which holds two combined cycle gas turbine projects in Pennsylvania with a combined installed capacity of 1,705 MW.
Elektrisola acquired Rea Magnet Wire's North American assets, including five manufacturing plants in Indiana, Connecticut, Virginia, and Mexico, and its corporate offices. The business will continue under the Rea brand, employing approximately 800 people.
Ternium announced an agreement to acquire 68.7 million ordinary shares of Brazilian steel producer Usiminas from Nippon Steel, Mitsubishi, and Metal One for BRL 10 per share. The deal will give Ternium 61.3% control of Usiminas, subject to antitrust approval.
Canon Medical Systems Corporation agreed to acquire Minaris Medical Co., Ltd. and Minaris Medical America, Inc. from Resonac Corp. for approximately ¥29 billion (about $29 million).
Sisram Medical, through its subsidiary Alma Lasers, acquired 60% of PhotonMed International Limited, a distributor of energy-based devices in China, for 270 million RMB.
Chauvet acquired LynTec, a supplier of electrical power solutions for lighting, video, and audio systems.
CNH Industrial has agreed to acquire Hemisphere GNSS, a high-performance satellite positioning technology company, from Beijing Unistrong for $175 million in cash. The acquisition aims to improve automation in CNH's agriculture and construction equipment businesses.
JOST has signed agreements to acquire 100% of Crenlo do Brasil, a Brazilian manufacturer of applications for agricultural and off-highway machinery, and LH Lift Oy, a Finnish maker of three-point linkages and hitches for tractors. The combined purchase price is EUR 56 million, expected to add around EUR 100 million in sales.
Cannon & Wendt Electric, a Phoenix-based electrical contractor, acquired Gilbert Electric Co, a Tucson-based electrical subcontractor. The combined workforce totals 745 employees.
Hitachi, Honda, JIC Capital and Hitachi Astemo agreed to change Hitachi Astemo's capital structure, with JIC Capital acquiring a 20% voting stake. Ownership will shift from Hitachi 66.6% and Honda 33.4% to Hitachi 40%, Honda 40%, and JIC Capital 20% in September 2023.
Victaulic acquired Horizon Metals Inc., a family-owned iron and steel foundry in Nephi, Utah, on March 30, 2023 to add large-diameter piping capacity in North America.
RONN Motor Group completed its acquisition of Lee Pharmaceuticals in a reverse merger transaction on March 30, 2023. RONN Motor Group shareholders received shares of Lee Pharmaceuticals stock on a 1:1 exchange basis, and RONN Motor Group will be the surviving entity.