SVgroup, owner of Schuitemaker and Veenhuis brands, acquired Jan Veenhuis Machinefabriek B.V., a manufacturer of agricultural and construction dump trailers and hook-arm loader systems in Raalte, Netherlands, effective January 1, 2023.
Maag Group acquired Witte at the beginning of 2023, and the two companies have since merged to develop a new generation of gear pumps.
Axius Water acquired Napier-Reid, an Ontario-based supplier of custom-engineered water and wastewater treatment systems, in Q1 2023.
Donaldson acquired early-stage biotech company Isolere Bio, which develops IsoTag reagents and filtration processes for biopharmaceutical manufacturing, in Q1 2023.
Sweden's Indutrade acquired Waalwijk-based Siersema Komponenten Service BV (SKS), a trader of valves, pumps, filters and heat exchangers for food, beverage and pharmaceutical processes. SKS has annual sales of about EUR 35 million and 50 employees.
Holland Pump Co acquired BPR Pumping & Vacuum Solutions, a Texas pump rental business with branches in Houston and Austin, adding dewatering services. The deal was reported in the first quarter of 2023.
MECO, a Grundfos company, acquired San Diego-based Water Works Inc, which designs and installs ultrapure industrial water systems for life science and high-tech customers. The deal was reported in the first quarter of 2023.
Sealed Air, which is rebranding as SEE, completed its $1.15 billion purchase of Liquibox, a maker of bag-in-box fluids and liquids packaging, during the first quarter of 2023.
Atlas Copco agreed to acquire the cryopump service and distribution business of ZEUS Co., Ltd. in Gyeonggi-do, South Korea, which has 59 employees. The purchase price was not disclosed and closing is expected in Q2 2023.
Johnson Controls announced on January 13, 2023 its acquisition of Hybrid Energy AS, a Lysaker, Norway maker of high-temperature industrial heat pumps. Financial terms were not disclosed.
Stora Enso completed its acquisition of Netherlands-based corrugated packaging producer De Jong Packaging Group, with an enterprise value of about EUR 1,020 million. The deal adds roughly 1,200 million m2 of corrugated packaging capacity to Stora Enso.
At the end of 2022, Textiles Products was acquired by Premium Uniforms/Vista Textiles, one of the top uniform suppliers in Canada. The merger strengthens Premium Uniforms' position as the Canadian industry leader.
onsemi completed its acquisition of GlobalFoundries' 300 mm semiconductor fabrication facility in East Fishkill, New York, effective December 31, 2022. The deal adds over 1,000 employees and advanced CMOS capabilities.
ABB acquired Siemens' low-voltage NEMA motor business, expanding its manufacturing operations in North America, including a plant in Guadalajara, Mexico, and increasing its global NEMA market share to over 43%.
PT Semen Indonesia (Persero) Tbk (SIG) officially acquired 83.52% of shares (7.53 billion shares) of PT Solusi Bangun Indonesia Tbk (SBI) from PT Semen Indonesia Industri Bangunan (SIIB) for IDR 10.99 trillion. SBI becomes a direct subsidiary of SIG.
MTS Systems Corporation entered into an agreement and plan of merger with Amphenol and Moon Merger Sub Corporation, a wholly-owned subsidiary of Amphenol. The transaction was assisted by Rajah & Tann Asia.
Wieland Group acquired Hummock Industries, which owns Heyco Metals, a copper alloy strip processor, and National Bronze, a manufacturer of bronze bushings and bearings, to expand its North American capabilities.
TAFE acquired the Indian interior systems business of Faurecia (part of Group Forvia), covering operations in Chakan, Anantapur, and Tamil Nadu. The transactions for Chakan and Anantapur have been completed; Tamil Nadu is expected to close shortly.
Trioworld Group signed an agreement to acquire Malpack Ltd. (Canada) and Malpack Corp. (US), a North American maker of high-performance stretch film for transit packaging. The announcement was made on 30 December 2022.
BIAZET S.A. and Park Handlowy Kwadrat S.A. have agreed on a merger plan on December 29, 2022, with BIAZET as the acquiring company.
GNCO, Inc. has acquired FMH Material Handling Solutions, effective January 1, 2023, expanding its presence in Colorado, New Mexico, and Texas.
Sherwin-Williams completed the acquisition of Industria Chimica Adriatica S.p.A. (ICA), an Italian designer and manufacturer of industrial wood coatings with facilities in Italy, Poland and India and about 600 employees. ICA becomes part of Sherwin-Williams' Industrial Wood Division.
Kavanagh Crane Hire has confirmed the acquisition of Cork-based Wm. O'Brien Crane Hire.
The Ahmedabad bench of NCLT approved the resolution plan by Hazel Mercantile Ltd (with Swan Energy as strategic partner) to acquire Reliance Naval and Engineering Ltd. Hazel Infra Ltd will take over the corporate debtor and subscribe to 50 million fresh equity shares.
INEOS and SINOPEC completed two joint venture deals on December 28, 2022: the mutual 50% acquisition of Shanghai SECCO Petrochemical Company Ltd. and a 50:50 JV for ABS production based on INEOS' technology.
EQT Infrastructure entered exclusive negotiations to sell 50% of its stake in Saur, a French water services management company, to a consortium of DIF Capital Partners and PGGM. Each will acquire 25% of EQT's shares.
Chongqing Steel and seven other Baowu Group affiliates will contribute their water treatment system assets worth CNY 1.009 billion to Baowu Water Technology Co., Ltd. in exchange for equity. Chongqing Steel's share is CNY 60.68 million for a 1.339% stake.
The Canadian Commissioner of Competition filed a consent agreement for the Paper Excellence Group's subsidiary Domtar to acquire all outstanding shares of Resolute Forest Products at $20.50 per share plus a contingent value right tied to duty deposit refunds of up to $500 million. Closing is expected in the first half of 2023.
AE Industrial Partners signed a definitive agreement to sell portfolio company Resolute Industrial, a North American provider of specialty HVAC&R rental services and compressor remanufacturing, to Aggreko for a transaction value of $440 million on a cash-free, debt-free basis.
Prinzhorn Group made a strategic investment in Scatolificio La Veggia, an Italian packaging company, marking its entry into the Italian market. The article is an advisory firm's page, and the deal value and closing terms are not stated.
Hiab agreed to buy the family-owned Swedish industrial group Olsbergs, which makes hydraulic valves and remote controls for its loader cranes. The closing is set for 1 January 2023, and all 100 Olsbergs employees will join Hiab. The value was not disclosed.
ETEM, a Greek producer of architectural aluminium systems, acquired COSMOS ALUMINIUM, a producer of industrial profiles. The combined extrusion capacity will reach 70,000 tons per year, making it the largest aluminium profile manufacturer in the region.
Cosmos Aluminium signed final documents on December 27, 2022 to absorb ETEM, with ELVALHALCOR (owner of ETEM) receiving a 15% minority stake in Cosmos Aluminium. The merged entity is expected to have over €300 million in revenue and over 70,000 tonnes of production capacity.
Torque Capital Group has acquired Metal Forming & Coining Corporation (MFC / Netform), a manufacturer of flow-formed and cold-formed components for automotive and truck markets.
Amper Group, through Nervion Industries, has signed an agreement to sell 100% of Formecal to Tikehau Capital's Aerofondo fund for EUR 7 million.
Montana Aerospace is selling a 53% majority stake in its machinery division Alpine Metal Tech GmbH to a company owned by investor Michael Tojner, with annual revenue of about EUR 100 million and over 500 employees.
Toyota Boshoku Corporation has agreed with Toyota Auto Body to acquire shares of Toyota Body Seiko, raising its stake from 33.6% to 66.4% in October 2023, with plans to acquire the remaining shares by end of 2026 to make it a wholly owned subsidiary, renamed Toyota Boshoku Seiko Corporation.
Techbond Group Bhd has entered into a conditional share sale agreement to acquire 99.57% equity interest in Malayan Adhesives and Chemicals Sdn Bhd (MAC) for RM57.0 million cash, with plans to acquire the remaining 0.43% from minority shareholders.
Mitsubishi Electric and Mitsubishi Heavy Industries agreed to integrate their generator businesses into a new joint venture, with Mitsubishi Electric as majority owner. The merger is expected to take effect in April 2024.
Nurol Holding acquired the 49% stake of BAE Systems in the joint venture BNA, making it a wholly Turkish-owned company renamed Nurol Control and Avionics Systems (NurolCAS), to contribute to the Hürjet and National Combat Aircraft (TF) projects.
Hager Group has signed an agreement to acquire Pmflex, an Italian specialist in plastic pipes for electrical systems, from Deutsche Beteiligungs AG. The transaction is subject to regulatory approvals and expected to close in early 2023.
Genesys Industries has acquired 100% of Avia Marine Company (AMC), a manufacturer of electro-mechanical components for commercial aerospace, for cash at closing. The acquisition is expected to be accretive within three months.
Stellantis has entered exclusive negotiations to acquire a substantial stake in Symbio, a hydrogen fuel cell technology company, from existing shareholders Faurecia and Michelin.
Ingersoll Rand completed its all-cash acquisition of SPX Flow's Air Treatment business for about US$525 million in Q1 2023. The business makes compressed air dryers and filters.
Pusterla 1880 is merging with Burt Rigid Box, a rigid box maker in Oneonta, New York, founded in 1886, as its first US site. Burt's president Laura Brodie becomes the first non-family shareholder in Pusterla and heads its North American operations.
Vectis Private Equity and D2E are acquiring a stake in Water Is Life Group, a Pelt-based European maker and distributor of pump and irrigation systems. The management team will reinvest, and the deal will fund further international acquisitions. The value was not disclosed.
Finav, the holding company of Italian steel processing conglomerate GIVA Group, has completed the acquisition of 100% of the shares of Pibiviesse, a valves and actuation business. GIVA expects synergies with its network of industrial plants.
BHP Group is set to acquire Oz Minerals for approximately A$9.6 billion (US$6.7 billion), with the merger expected to complete in spring 2023. The deal will expand BHP's copper and nickel mining portfolio.
Italian spider lift manufacturer CMC has agreed the acquisition of its North American distributor, All Access Equipment.
The National Company Law Tribunal (NCLT) has approved the merger of Jindal Stainless (Hisar) Limited with Jindal Stainless Limited. The merger is expected to complete in FY23.