Clarapath, a robotics company for pathology laboratories, has acquired Crosscope, a digital pathology company based in Mountain View, California. The acquisition combines Clarapath's tissue sectioning robot with Crosscope's AI-powered workflow tools.
DIH Holding US, a robotics and VR technology provider for rehabilitation, has entered into a business combination agreement with SPAC Aurora Technology Acquisition Corp. The deal implies an initial equity value of approximately $360.2 million and is expected to close in the third quarter of 2023.
LKQ Corporation has entered into a definitive agreement to acquire all shares of Uni-Select Inc. for C$48.00 per share in cash, representing a total enterprise value of approximately C$2.8 billion (US$2.1 billion). Uni-Select is a distributor of automotive refinish and industrial coatings and related products.
TS Global, a conveyor systems and services company, has acquired Mackay Conveyor Equipment (MCE), a manufacturer of premium conveyor components and accessories. The acquisition expands TS Global's range of conveyor solutions.
HLB Group subsidiaries will acquire 30 billion won ($22.8 million) worth of equity in PSMC, a lead frame manufacturer, making HLB the largest shareholder with a 28.25% stake. PSMC will change its name to HLB innovation and add biopharmaceutical lines to develop CAR-T treatments.
Toyo Aluminium K.K. and UACJ Foil Corporation have postponed their planned business merger, originally scheduled for April 1, 2023, due to antitrust procedures. JIC Capital will acquire 80% of the new integrated company's voting stock.
Ardagh Metal Packaging acquired a majority share in Switzerland-based digital can printer NOMOQ, a start-up founded in 2021. The deal extends AMP's support for newcomers to the beverage market and gives its European customers access to digital can printing.
Sinopharm's subsidiary China Medical Equipment Company (CMEC) and GE Healthcare China signed an agreement to form a joint venture, majority-owned by Sinopharm, to develop and manufacture high-end medical imaging equipment in China.
Supply chain solutions startup LEAP India acquired Mumbai-based asset renting firm SKAN Marine, a forklift and asset renting company. The acquisition was announced on February 24, 2023; the deal value was not disclosed.
Audax-backed FCH, a provider of sanitary flow components, acquired DSO and Flowtrend, both sanitary manufacturers serving pharmaceutical, food and beverage markets. The deal was announced on February 24, 2023.
GE Healthcare (China) Co., Ltd., a subsidiary of GE HealthCare Technologies Inc., announced an agreement to form a long-term joint venture with China National Medical Device Co., Ltd (CMDC), a subsidiary of Sinopharm.
Olympus Corporation agreed to acquire Taewoong Medical Co., Ltd., a Korean manufacturer of gastrointestinal metallic stents, for approximately $370 million in cash, with $255.5 million paid at closing and up to $114.5 million in milestone payments. The transaction is expected to close on June 30, 2023.
Kordsa's US affiliate decided to buy Pennsylvania-based Fabric Development Inc. and California-based Textile Products Inc. for around $100 million, subject to US regulatory approval.
CAREL signed a binding agreement to acquire 100% of Eurotec, a distributor and system integrator based in Auckland, New Zealand, with revenues of approximately NZD 10.9 million.
PennAero (NASDAQ: TRS) announced on February 23, 2023 that it has signed an agreement to acquire Weldmac Manufacturing Company, a designer and manufacturer of metal fabricated components for aerospace, defense and space launch markets. Weldmac generated approximately $33 million in revenue in FY2022.
E Tech Group announced the acquisition of E-Volve Systems, a provider of industrial automation and controls engineering to life sciences, food and beverage, and consumer products industries. E-Volve will operate as a subsidiary.
IRG Acquisition Holdings, a consortium led by Invenergy with CDPQ and Blackstone Infrastructure, agreed to acquire American Electric Power's 1,365 MW unregulated contracted renewables portfolio for $1.5 billion enterprise value, including 14 wind and solar projects across 11 states.
TriMas has signed an agreement to acquire the operating net assets of Weldmac Manufacturing Company, a designer and manufacturer of metal fabricated components for aerospace, defense and space launch markets. The acquisition will expand TriMas Aerospace's product offerings and manufacturing capabilities.
Enex Technologies acquired Barcelona-based EOS Refrigeration Equipment SL, a manufacturer of industrial refrigeration and process cooling equipment using natural refrigerants. Francisco Vallina, founder and CEO of EOS, was named president of Enex Technologies Industrial Refrigeration Division.
The Della Toffola group and Bertolaso have combined to form Omnia Technologies, a group focused on automation and bottling technologies for the wine and beverage sector. Additionally, Progema Engineering and Mar.Co. were acquired to expand the product range.
Fernweh Group LLC and its portfolio company Dabico Corporation completed the acquisition of FMT Sweden AB and FMT International Trade AB, a provider of passenger boarding bridges and docking solutions for airports and seaports based in Trelleborg, Sweden.
Techbond Group Berhad received shareholder approval to acquire up to 100% equity interest in Malayan Adhesives And Chemicals Sdn. Bhd. for approximately RM57.25 million. The acquisition includes a 99.57% stake from Chemquest Sdn. Bhd. and the remaining 0.43% from minority shareholders.
SWK ENERGIE GmbH, part of the Stadtwerke Krefeld Group, acquired a majority stake in Kälte-Klima-Peters GmbH, a specialist in refrigeration, air-conditioning, heat pump and photovoltaic solutions for commercial and industrial customers.
AUO's board resolved to acquire 5% to 30% of Crystalvue Medical Corporation through its subsidiary AUO Display Plus via a tender offer, aiming to combine optics and display technologies for the smart healthcare market.
ABT SE agreed to set up a joint venture in China named 'ABT Technologies (Guangzhou) Co., Ltd.' with strategic partner YOTTA Automobile (Guangzhou) Co., Ltd. YOTTA holds 51%, ABT Sportsline holds 34%, and investor Dr. Cornelius Boersch holds the remainder.
Finnish packaging manufacturer Huhtamaki has acquired full ownership of its Australian joint venture Huhtamaki Tailored Packaging (HTP), a food-service packaging wholesaler and distributor with several distribution centres. No value was given.
Fives, an international industrial engineering group, announced the acquisition of Dizisoft, a startup specializing in industrial diagnostics and performance software. The deal includes DiziScop, a machine data collection and analysis tool.
Syntagma Capital has entered exclusive negotiations to acquire Erasteel, the high-speed steels and recycling division of Eramet. The transaction is expected to close by the end of the first half of 2023.
Saint-Gobain entered into a definitive agreement to acquire glass wool insulation manufacturer UP Twiga, which operates two manufacturing facilities near Delhi and Mumbai, India. The transaction is subject to regulatory approval and expected to close by the end of Q1 2023.
Axius Water, a portfolio company, acquired Napier-Reid, a supplier of custom-engineered water and wastewater treatment systems based in Ontario, Canada. The acquisition broadens Axius Water's platform and extends its expertise into the drinking water space.
SUEZ and Sichuan Dayi Water acquired a wastewater treatment plant in the Meishan Pickles Industrial Park in Sichuan, China, and were awarded a 30-year concession contract.
UBE Mitsubishi Cement announced that its subsidiary Ube Construction Materials Sales will absorb the cement sales business of Mitsubishi Shoji Building Materials, a Mitsubishi Corporation subsidiary, effective October 1, 2023.
Ideanomics Inc completed its all-stock acquisition of VIA Motors Inc for $630 million, after receiving regulatory approval. VIA Motors' management team, led by CEO Bob Purcell, has been retained.
Compagnie de Saint-Gobain SA agreed to buy UP Twiga Fiberglass Ltd, a glass wool insulation company with two manufacturing facilities near Delhi and Mumbai. The deal is expected to close by end of Q1 2023.
TASKI acquired substantially all of the assets of NSS Enterprises, Inc. on February 22, 2023. The deal expands TASKI's product offering and its U.S. production footprint, with NSS production facilities in Toledo, Ohio continuing to serve customers.
Coesia and Oji Holdings signed a definitive agreement under which Coesia will sell IPI Srl, a supplier of aseptic carton packaging based in San Sisto (Perugia), to Oji. IPI employs 170 people and had 2022 sales of about 65 million euros.
Excelitas Technologies announced the acquisition of Phoseon Technology, a designer and manufacturer of LED-based industrial curing and scientific illumination solutions.
AEM, a portfolio company of Industrial Growth Partners, acquired Central Semiconductor Corp., a designer and manufacturer of discrete semiconductor solutions, on February 21, 2023.
Diversatek Healthcare has acquired the G-Flex Group, a manufacturer and distributor of endoscopy devices and instruments. The acquisition adds over 250 SKUs and enhances Diversatek's global reach.
Teck Resources Ltd. announced a plan to split the company, spinning off its steelmaking coal assets into a new publicly traded company called Elk Valley Resources Ltd., while the remaining entity becomes Teck Metals Corp. focused on copper.
Flack Global Metals (FGM) reached an agreement to acquire Fabral, a manufacturer of metal roofing and wall systems, from OmniMax International. The deal is expected to close by end of February 2023.
ATAC Resources Ltd. has signed a non-binding Letter of Intent with Hecla Mining Company for Hecla to acquire all outstanding shares of ATAC for C$0.14 per share in Hecla stock, valuing the deal at C$31 million. ATAC shareholders will also receive shares in a new exploration company (Spinco). The LOI was announced on 2023-02-21.
Molbio Diagnostics has acquired a 70% stake in Bengaluru-based Prognosys Medical Systems, a manufacturer of digital X-ray units and C-arms under the PRORAD brand.
Amiad Water Systems has signed an agreement to acquire 100% of Aslan Technologies, a Canadian provider of water treatment and filtration systems, to expand its operations in North America.
Sulzer completed its acquisition of Cardo Flow Solutions, a Malmö-based pump supplier for the wastewater market, for a total cash consideration of SEK 5.9 billion (CHF 852 million), on July 29, 2011.
Mitsubishi Electric Corporation contracted to acquire Scibreak AB, a Swedish developer of direct current circuit breakers (DCCBs) for HVDC systems. Scibreak has nine employees and operates from Kallhäll, north of Stockholm.
GFG Alliance acquired the Italian assets of Aartee Group through a 100% share purchase, including four processing plants with a capacity of over 160,000 mt/year of specialist steel products.
Disruptive Capital Acquisition Company Limited announced on Feb 20, 2023, that it has agreed in principle to combine with Advanced Cables, a target in the energy infrastructure sector, for between 375 million and 400 million Swiss Francs.
Lumax Auto Technologies signed an agreement to acquire a 75% stake in IAC International Automotive India Private Limited from IAC Group at an equity valuation of INR 587 crore. The acquisition will be funded by debt and internal accruals.
Sagar Cements will pay $111 million to acquire Andhra Cements outright, more than doubling its capacity to 8.25 Mt/yr. It plans to invest $56.8 million in capex before 2025 to expand clinker and grinding capacity.