Competition authorities have cleared the planned joint venture between Advent International and LANXESS for high-performance engineering materials, combining DSM Engineering Materials with LANXESS' High Performance Materials business. Closing is planned by early April 2023.

Rotating Machinery Services, Inc. (RMS) has agreed to acquire the FCCU Hot Gas Expander product line from Siemens Energy, Inc. The transaction is expected to close on February 28, 2023, and includes intellectual property, inventory, and tooling.

SPAC Stratim Cloud Acquisition Corp. signed a binding letter of intent to acquire 100% of Force Pressure Control, LLC, a maker of pressure control rental tools for oil, gas and geothermal well operations, for 12 million shares plus $120 million in cash or notes. The announcement was made on February 14, 2023.

PumpTech, a portfolio company of Pike Street Capital, announced its acquisition of Dakota Pump Inc., a supplier of packaged pump stations and automated systems for water and wastewater markets, with three locations in South Dakota. The deal was announced on February 14, 2023.

Cavaform, a specialist manufacturer in St. Petersburg, Florida, was acquired by a Detroit-based private equity-backed manufacturer, marking its 15th transaction since 2019.

Flory Industries acquired COE Orchard Equipment on February 13, 2023, creating the first full-line orchard harvest equipment manufacturer.

Saturn Five, a Denver-based investor group, partnered with Premier EuroCase, a cabinet component manufacturer. The transaction closed on February 13, 2023.

McLanahan Corporation signed an agreement to acquire Diefenbach, an Italian manufacturer of filter presses and thickeners based in Medolago, Italy. The acquisition is expected to close in Q2 2023.

The Middleby Corporation acquired Escher Mixers, an Italian designer and manufacturer of spiral and planetary mixers for the industrial baking industry. Escher is located in Vicenza, Italy, and has annual revenues of $15 million.

SACO AEI Polymers and Bihani Group entered a joint venture, SACO AEI Bihani Polymers Pvt. Ltd., to build two greenfield HFFR/ZHFR manufacturing facilities in India, aiming to create one of the world's largest such facilities.

Kuvasoycement JSC acquired an 89.78% stake in Quartz JSC, Uzbekistan's largest producer of ground sheet glass and glassware, for 265 billion som, with an additional condition to cover Quartz's credit obligations of 47.2 million euros.

TVH, with investment from Alceon, acquired Hallinan Refrigeration & Airconditioning in Geraldton, WA, and ColdZap in Alice Springs, NT, in 2025 to expand regional presence.

Associated Supply Company (ASCO) acquired OCT Equipment, which has locations in Oklahoma City, Tulsa and Clinton, Oklahoma. The acquisition expands ASCO's footprint to 27 locations across Texas, New Mexico and Oklahoma, strengthening its position in construction, agriculture and material handling equipment.

Titan Cement International has acquired a stake in Perlitai Aigaiou S.A., a Greek company that mines perlite and pozzolana on the island of Giali. The investment secures Titan's long-term access to pozzolana, a raw material used to produce low-carbon cementitious products.

The Competition Commission of India has approved the consolidation of LANXESS AG's High Performance Materials (HPM) business and Koninklijke DSM N.V.'s DEM (engineering materials) business under a joint venture, Zehnte LXS GmbH, to be jointly controlled by Advent International and LANXESS. Advent will hold 58-70% and LANXESS 30-42%.

Mill Rock Packaging Partners acquired Keystone Paper & Box Company, a folding carton maker based in South Windsor, Connecticut, marking its expansion to the Eastern U.S. Terms were not disclosed.

Andra Tech Group, a portfolio company of Equistone, has acquired a majority stake in DKH Metaalbewerking, a Dutch manufacturer of complex metal parts and components. The acquisition expands Andra Tech Group's presence in the Netherlands and adds DKH's 30 employees to the group's total of around 500.

The Public Investment Fund (PIF) of Saudi Arabia announced the completion of the acquisition of a 30% stake in Tabreed Saudi Arabia, a leading district cooling services company. The investment aims to support the development of the utilities sector and low-carbon industries in the Kingdom.

Anderson & Vreeland announced the acquisition of flexographic consumable assets from Grimco, a distributor of flexographic printing materials serving Canada.

Inovar Packaging Group completed its acquisition of Cimarron Label and Western Printing, label businesses in Sioux Falls and Aberdeen, South Dakota, its eighth platform company.

ON Semiconductor completed the acquisition of GlobalFoundries' 300mm East Fishkill New York factory and manufacturing plant, adding over 1,000 technicians and engineers.

Secar Technologie GmbH acquired 100% of LiteCon GmbH on July 1, 2023. LiteCon, a high-tech composites company based in Hönigsberg, Styria, was founded in 2014 as a joint venture between Evonik Industries and Secar Technologie.

MO SCI Corp., a provider of advanced high-tech glass development and manufacturing, announced it has acquired the assets of 3M’s advanced materials business (previously known as 3M Ceradyne).

Colson Group, a global leader in caster and wheel products, acquired Manner, a Hanko-based caster manufacturer in Finland. Manner specializes in over 2,000 caster designs for medical, logistics, and industrial applications.

Envoy Solutions has reached an agreement to acquire Mooney-General Paper Co., a distributor of industrial packaging, foodservice, and sanitary maintenance supplies based in Hillside, New Jersey. The acquisition expands Envoy Solutions' presence in the Northeast US.

Argos has reached an agreement to become majority shareholder of Norline AG, a Swiss outsourcing partner for building technology installers specializing in sustainable heating systems. Norline has over CHF 70 million in sales and more than 200 employees.

VIMAB Group AB has entered into a share transfer agreement to acquire all shares of AoO CNC AB, a precision machining company based in Svalöv, Sweden. The total purchase price is 23.3 million SEK.

Crossplane Capital's acquisition of specialty pump rental provider Pump & Integrity was merged with its portfolio company Griffin Dewatering, with Graycliff Partners providing subordinated debt and minority equity financing.

Cepac Group completed the acquisition of a majority shareholding in EW Cartons Ltd, a microflute corrugated food tray maker in Altham, Lancashire, which is being rebranded as Flutepac. The previous owner remains a shareholder and General Manager.

Flowserve agreed to acquire Canadian industrial valve maker Velan in an all-cash transaction valued at about $245 million (C$329 million), including equity and assumed debt. The deal is expected to close by the end of Q2 2023.

AESI-US, Inc., a subsidiary of AESI Acumen Engineered Solutions International Inc., finalized the acquisition of Metis Energy Solutions, LLC, a Louisville-based energy management services company.

Hauhinco Maschinenfabrik has completed the acquisition of Caterpillar's underground coal longwall business, forming a new company called Hauhinco Bergbautechnik (HBT). The deal was initially announced in February 2022, and details of the new entity have now emerged.

PiovanGroup, through its controlled company FDM, is acquiring selected assets of German competitor Protec Polymer Processing GmbH, which is in receivership. The transaction involves assets from material handling, dosing, and recycling divisions.

Yanmar Group and ASV Holdings Inc. have finalized their merger, creating a single legal entity, Yanmar Compact Equipment North America (YCENA). The merger follows Yanmar's $70.7 million acquisition of ASV, first announced in June 2019 and approved in September 2019.

Imperial Manufacturing Group, owner of Pointe-Claire Steel, has purchased Norbel Metal Service Inc., which will become part of Pointe-Claire Steel.

indie Semiconductor has entered a definitive agreement to purchase GEO Semiconductor, a fabless supplier of video processors for automotive cameras, for an undisclosed amount. The deal is expected to close in Q1 2023.

GlobalFoundries acquired Renesas Electronics' Conductive Bridging Random Access Memory (CBRAM) technology to expand its embedded non-volatile memory portfolio for IoT and 5G applications.

SkyKnight Capital launched FirstCall Mechanical Group, acquiring STR Mechanical, Technical Services, TimCo Heating and Air, and Jax Services to form a commercial HVAC, refrigeration, electrical, and plumbing services platform.

Sørskår Mek Verksted, a subsidiary of Comrod Communication, acquired RA Aluminium after a successful bid in bankruptcy proceedings.

Medical device maker Globus Medical agreed to acquire smaller competitor NuVasive in an all-stock transaction valued at over $3 billion.

Greaves Cotton signed an agreement to acquire 100% of motion-control systems maker Excel Controlinkage for Rs 385 crore in four tranches, with the first 60% tranche to close in FY26.

Shriram Pistons and Rings, through its subsidiary SPR Ingenious Limited, will acquire a 75% shareholding in Takahata Precision India Private Limited, a Japanese injection moulding company. The acquisition is subject to approvals.

Emerson is selling a majority stake in its Climate Technologies business to Blackstone in a transaction valuing the business at $14 billion, with Emerson retaining a 45% stake.

JLG Industries completed its acquisition of Hinowa, an Italian manufacturer known for innovative track designs, extending JLG's product portfolio.

Vessco Holdings acquired Gulf States Engineering Co., Inc., a water/wastewater treatment equipment distributor based in Covington, Louisiana, adding 42 employees and 4 service centers. The acquisition was announced on February 8, 2023.

Wencor Group, a solutions provider to aerospace and defense markets, acquired Aero-Glen International, a distributor of aerospace fasteners and hardware based in Fort Worth, Texas. The acquisition was announced on February 8, 2023.

Sterling Medical Devices announced its recapitalization and simultaneous merger with RBC Medical Innovations, creating a combined electromechanical medical device design, development, and manufacturing company. David Montecalvo appointed CEO.

Gradiant acquired Advanced Watertek, a Dubai-based OEM and service provider for membrane-based water treatment systems. Gradiant will establish a Manufacturing Center of Excellence at Advanced Watertek's 18,000 sq ft Dubai facility.

Uno Minda Ltd's board approved the acquisition of the remaining 22.6% stake in Minda Kosei Aluminum Wheel Private Ltd from Kosei International Trade and Investment Company Ltd for up to Rs 116 crore, making it a wholly-owned subsidiary.

SP Group acquired Siemens' 49% stake in Power Automation Pte Ltd, making it a wholly-owned subsidiary, to strengthen capabilities in smart grid and energy solutions.