CaptiveAire is expanding its Bedford, Pennsylvania manufacturing facility by adding 84,000 sq ft, for a total project cost of $11 million. The expansion will create 12 new jobs and improve manufacturing capacity for commercial kitchen ventilation systems.
Renta Yhtiöt Oy has signed an agreement to acquire 100% of Stål & Hyr Group AB, a Swedish rental company, for an undisclosed amount. The acquisition is subject to competition authority approval and is expected to close by June 1, 2018.
Itqan Investments, VPower Group and CITIC Pacific have acquired Byrne Equipment Rental LLC, a GCC rental equipment supplier, for approximately AED 1 billion. The deal includes Spacemaker, Byrne Technical Services and Byrne Medical Equipment Rental.
Guilin Rubber Machinery delivered 65-inch hydraulic vulcanisers and 75-inch mechanical vulcanisers to a Pakistan-based tire manufacturer. The buyer was a new customer from Pakistan.
ZEISS Group acquired GUARDUS, a software solutions supplier for computer-supported quality assurance and production management systems based in Ulm, Germany. GUARDUS becomes a wholly owned subsidiary of ZEISS, integrated into its Industrial Metrology business group.
Miba acquired the industrial bearing segment of John Crane Group, which has three plants in the US and one in Germany. The deal gives Miba entry into development and production of industrial bearings.
ACS Manufacturing plans a 141,000-square-foot facility at 1439 Cambridge Street Extension in Abbeville County, South Carolina, with a $6 million investment. The facility is projected to come online in Q3 2018 and create over 150 jobs in five years.
Ima has signed an agreement to acquire 82.5% of Italian company Tissue Machinery Company (TMC), which produces automatic packaging machines for tissue and personal care products, for €58.5 million. The closing is expected in the first decade of May 2018.
Maschinenfabrik Gustav Eirich implemented a major reorganization of its production operation at its headquarters in Hardheim, Germany, including construction of a new production building and installation of seven Demag crane systems. The investment addresses capacity constraints and enables handling of mixers weighing up to 46 tons.
HST Systemtechnik invested heavily in its own manufacturing for machines and plants in Ramsbeck near Meschede and for instrumentation and control technology on a new site in Meschede, Germany. The investment supports a modular construction system for custom and series products.
Toshiba Digital Solutions Corporation and Nebbiolo Technologies Inc. signed a strategic partnership agreement to deploy industrial IoT solutions using fog computing technology. The partnership aims to develop infrastructure products for factory IoT, modernizing industrial automation floors.
Kimberly, Wisconsin-based Crane Engineering finalized its acquisition of RD Smith Company, a fluid processing equipment distributor in Eau Claire, Wisconsin. The deal extends Crane's distribution into Minnesota and Iowa.
Cogsdill issued a letter of intent to Mills CNC committing to purchase a new Doosan vertical machining center, announced during the MACH 2018 show.
KPM Tech signed a 5.49 billion won ($5.5M) contract with Samsung Electronics Vietnam Thai Nguyen Co., Ltd. for TANK and IMPROVE ANODIZING LINE construction work.
Kohlberg and Company LLC signed an agreement to acquire Cadence, a provider of precision components and finished devices for surgical and industrial applications, for an undisclosed sum.
GF Machining Solutions is building a new 40,000 m² plant in Biel, Switzerland, with an investment of about €75 million, to produce high-end machine tools starting mid-2019.
Elmer's Mfg has reached an agreement to acquire 100% of Dynamic Ditchers Inc., makers of the Wolverine Extreme Rotary Ditcher. Production will move to Elmer's facility in Altona, Manitoba. The deal is set to close on June 1st.
Emerson announced it has signed an agreement to purchase the Tools and Test Equipment business of Textron for $810 million. The business includes brands Greenlee and Klauke and will be joined with Emerson's Ridge Tool Company.
Tooling Tech Group announced the acquisition of Century Tool Group, which includes Century Tool & Gage and CTG Bel-Kur Automation, expanding its position in automotive and heavy-truck tooling.
Danish API Maintenance Systems A/S acquired Swedish Axxos Industrisystem AB one and a half years prior, and the combined company now rebrands as OPTIWARE, offering API PRO and AXXOS OEE software lines.
Wolong Holding Group announced the acquisition of companies from General Electric's Power Conversion Division, including entities in the US, Mexico, and India that manufacture small industrial motors.
Spectris plc announced that its subsidiaries Brüel & Kjær Sound & Vibration and Hottinger Baldwin Messtechnik will merge effective January 1, 2019, forming a new company called HBK.
Stauff put a new round-cycle machine for pipe fittings into operation at its Werdohl headquarters, part of a 6.2 million euro investment that raises annual capacity from 10 to 15 million parts.
Comrod Utility Systems has been awarded a contract to deliver composite utility masts and foundations to Linjepartner for a planned installation length of 10 kilometres. The masts will be manufactured at Comrod's new plant at Tau, Norway.
Waste Management, Inc. acquired EnviroSolutions, Inc. from PennantPark Investment Corporation, Ascribe Capital, LLC and Guggenheim Partners Investment Management LLC on April 17, 2018.
Nasdaq Stockholm-listed Indutrade has taken over Germany-based tool manufacturer Inovatools. Inovatools generates about €43 million in turnover and has over 250 employees.
Forte has awarded Homag Group a major contract for a new furniture plant in Suwalki, Poland, valued at €60 million. The project is expected to be completed in 2021.
Mitsubishi Electric de Mexico aims to increase yearly elevator production capacity at its Queretaro plant from 1,000 to 2,000 units by 2020 and to 4,000 units by 2025, requiring land acquisition for expansion.
Weiss-Aug Co. Inc. is expanding its facility in Apodaca, Nuevo Leon, Mexico, by adding two 22-ton high speed Bruderer presses for metal stamping and three Arburg injection molding presses. Metal stamping operations are expected to begin in Q2 2018, and molding presses by end of 2018.
Proto Labs Inc. will receive $850,000 in state aid for a 202,000-square-foot expansion in Brooklyn Park, Minnesota, investing $29.9 million and creating 139 new jobs. The company purchased a 152,000-square-foot facility and plans to add 50,000 square feet, relocating CNC machining operations from Plymouth.
SB Rail, a joint venture between Swietelsky and Babcock, was awarded a seven-year contract by Network Rail valued at over £130 million for the supply, operation and maintenance of on-track machines on three routes.
MULTIVAC is completing construction of a new production complex in Bozhurishte, Bulgaria, for manufacturing parts and components for packaging machines. The first phase investment is €18.8 million, with the project expected to be completed by 2019.
Brehob Corp. plans to spend more than $3 million to renovate and expand its headquarters in Indianapolis, adding 17,000 square feet of production space and 24 new jobs.
Yunnan Baiyao Group announced Siemens Factory Automation Engineering Co., Ltd. as the first candidate for the production execution system construction project of its health industry project (Phase I).
Elmer's Manufacturing has agreed to acquire 100% of Dynamic Ditchers Inc., manufacturer of the Wolverine Extreme Rotary Ditcher, with the deal closing June 1, 2018.
Oerlikon announced the acquisition of Germany-based AC-Automation, an engineering company specializing in large-scale plant automation for textile and packaging industries. The 60 employees will join Oerlikon's Manmade Fibers Segment.
Clamason Industries placed a £1 million order with Bruderer UK for a 300-ton ZANI Motion Master press, to be installed in June 2018. The press will target up to £6 million of new orders.
McAree Engineering Ltd, a sheet metal fabrication and silo manufacturer, announced a €5 million expansion at its Ballinode facility, including a new 3,700m² factory unit and 30 new jobs over two years. A new Trumpf Laser will be commissioned by mid-July 2018.
Kubota announced that its new tractor and wheel combine harvester plant (second plant) at Kubota Agricultural Machinery (Suzhou) in China began full-scale operation in November 2017. The investment was 2.97 million RMB (approximately 56.4 billion yen).
Siemens Power and Gas, including Dresser-Rand, received an order for four SGT-A35 gas turbine power generation packages and two DATUM CO2 compressor packages for MODEC's Sépia FPSO in Brazil. Siemens will also provide long-term service and maintenance.
Siemens Power and Gas, including Dresser-Rand, received an order from MODEC for four SGT-A35 gas turbine power packages and two DATUM CO2 compressor packages for the Sépia FPSO. Siemens will also provide long-term service and maintenance; delivery is scheduled for late 2018.
Sunward Intelligent is building a high-end engineering machinery R&D and industrialization project at its Sunward Industrial City in Changsha, with a total investment of CNY 1.02 billion. The project includes a hydraulic excavator production workshop, shield machine assembly workshop, and engineering vehicle assembly workshop, expected to be completed by June 2018.
Clean & Science decided to invest 8 billion won to build a new filter factory building to secure space for expanding filter production lines.
Nederman has acquired Auburn FilterSense LLC for approximately USD 5.75 million, with a potential earn-out of up to USD 2.5 million. Auburn FilterSense, which had a turnover of USD 6.2 million in 2017 and employs about 30 people, will become part of Nederman's Insight organization.
LIFT and Heller Machine Tools announced a $1.5 million investment in a Heller FP 6000 5-axis machining center at LIFT's lightweight innovation acceleration center in Detroit, to develop machining strategies for lightweight materials.
Trestad Laser AB will expand capacity by acquiring a Quintus High-Pressure Fluid Cell Press from Quintus Technologies to produce sheet metal components with complex geometries for customers including GKN Aerospace and Siemens Industrial Turbomachinery.
Metso has agreed to acquire Swedish mobile crushing and screening plant provider P.J. Jonsson och Söner to strengthen its aggregates offering in the Nordics. The transaction is subject to regulatory clearance and expected to close in Q3 2018.
Welcron Kangwon shipped the first two of five industrial steam boiler modules for Kuwait's Al-Zour refinery complex on April 1, 2018, as part of a $23.4 million contract. The remaining three units will be shipped by end of April 2018.
Air-Flo Manufacturing will purchase a 310,000-square-foot facility in Horseheads, NY, to consolidate its truck body and accessory manufacturing operations and install new production lines, creating 40 new jobs. The project costs $3 million and is expected to be completed by fall 2018.
Woodward Inc. and Rolls-Royce signed an agreement for Woodward to acquire L'Orange GmbH and related operations in Germany, the US and China for an enterprise value of €700 million (US$859 million). L'Orange will be renamed Woodward L'Orange.