Season Group, an electronics design and manufacturing services provider, acquired all assets of Pycom Ltd, an IoT technology company that went into administration. The assets will be purchased by Pycom BV, a newly established company in the Netherlands, and run as an autonomous subsidiary.
Swedish Dacke Industri completed the acquisition of 70% of Tecair B.V., a pneumatic systems and components maker in Drachten, Netherlands, on December 8, 2022. The current owner keeps the remaining 30%.
V-Guard Industries signed definitive agreements to acquire 100% stake in Sunflame Enterprises for Rs 660 crore on a cash-free, debt-free basis, expected to close by mid-January 2023.
Plastic Omnium obtained regulatory approvals and finalized the acquisition of 100% of HBPO, a supplier of front-end modules for the automotive industry. The full ownership enables Plastic Omnium to develop new modules and systems for electrification.
Seaway Plastics Engineering, a provider of injection-molded components, acquired MME Group, a contract manufacturer based in Minnesota specializing in injection molding for medical devices. The acquisition expands Seaway's geographic and product footprint.
Dalmia Bharat Ltd. announced the acquisition of cement assets of Jaiprakash Associates Ltd. and its associate firms, including 9.4 million tonnes per annum cement capacity, 6.7 million tonnes clinker capacity, and 280 MW thermal power plants, at an enterprise value of ₹5,666 crore. The assets are located in Madhya Pradesh, Uttar Pradesh, and Chhattisgarh.
PPG completed the acquisition of Huangshan Huajia Surface Technology, a Chinese powder coatings producer based in Huangshan, Anhui. Financial terms were not disclosed.
Boston Scientific announced a partial tender offer to acquire up to 203,702,962 shares (65% equity) of Acandis Holdings Limited at HK$20 per share, with a maximum offer value of approximately HK$4.07 billion. The offer includes a strategic collaboration in China.
Amgen announced a cash offer to acquire Horizon Therapeutics plc for $116.50 per share, valuing the company at approximately $27.8 billion on a fully diluted basis, with an enterprise value of about $28.3 billion.
HELLA completed the transfer of its 33.33% stake in joint venture HBPO to co-shareholder Plastic Omnium for €290 million, including a dividend of approximately €8 million.
Milton Industries announced its acquisition of ProMAXX Tool, a provider of specialty hand tools for automotive and truck brands.
Boston Scientific announced a partial offer to acquire up to 65% of Acotec Scientific Holdings Limited, a Chinese medical technology company, for approximately US$523 million. Acotec specializes in drug-coated balloons and other interventional products. The transaction is expected to close in the first half of 2023.
First Financial Equipment Leasing, a member of JA Mitsui Leasing Ltd, acquired NorFund Capital, a Toronto-based independent leasing company specializing in capital equipment, solar and alternative energy, and vendor finance programs. The acquisition aims to expand First Financial's presence in Canada.
Electrical Components International (ECI) acquired Britech Inc, a specialty manufacturer of wire harnesses, cable assemblies, and box builds serving the semiconductor and HVAC markets.
Miner Ltd, the dock and door division of OnPoint Group, acquired Able Rolling Steel Door Inc, a provider of overhead and specialty doors and loading dock equipment serving the New York City metropolitan area.
ATS Global acquired the Industrial Tech division of Feyen Zylstra, including its Industrial Tech Center in Walker, Michigan and North Carolina office, with the transition effective January 1, 2023. The deal allows Feyen Zylstra to focus on its core electrical solutions business.
Modutec announced a majority investment in co-at Marine, a Glasgow-based marine and offshore HVAC and refrigeration services company, adding 10 skilled personnel to bolster its HVAC, piping, and electrical solutions for the marine, offshore, renewables, and onshore process sectors.
Tank Holding Corp. has acquired Solar Plastics LLC from ATEK Companies Inc. at the end of November 2022. The acquisition was announced on December 9, 2022.
Dussur, the Saudi Arabian Industrial Investments Company, has signed a definitive agreement to acquire a stake in Italmatch Chemicals from Bain Capital Private Equity, and will also invest an additional €100 million as a capital increase. The transaction is expected to close in the first half of 2023.
Epiroc agreed to acquire Mernok Elektronik, a South African company providing advanced collision avoidance systems for mining, to strengthen its automation and safety solutions. The acquisition is expected to close in Q1 2023.
Machine Solutions Inc. has acquired Intec Automation Inc., based in Rochester, New Hampshire. Intec will become the cornerstone of Machine Solutions' new automation division, serving the medical device and life sciences industries.
GMM Pfaudler Ltd, through its subsidiary Pfaudler GmbH, has agreed to acquire Mixel France SAS and its subsidiary Mixel Agitator Co. Ltd for €7 million. The acquisition is expected to close in February 2023.
US-based MicroVision will acquire large parts of insolvent German automotive supplier Ibeo Automotive Systems GmbH, which employs over 400 people. The closing is expected in the first half of 2023, pending approval from the German Federal Ministry of Economics.
Groupe AIM acquired ROMAIRE, a family-owned industrial sheet metal company in Arnas, France, making it a 100% subsidiary, adding about 90 employees and €12 million turnover.
Sister companies WDS and MBR will merge at the turn of the year 2023, with all transactions conducted under Winkler und Dünnebier Süßwarenmaschinen GmbH, employing 350 people.
Lifco signed an agreement to acquire all shares of Broughton Plant Hire and Sales, a UK provider of plant hire solutions for the construction industry. The company reported net sales of approximately GBP 22 million in 2022 and has 100 employees.
Saudi Steel Pipe Company (Saudi Pipes) intends to acquire an additional 35% ownership stake in Al Alamiah Pipe Company for up to $9.9 million, which would bring its total ownership to 70%.
The Schweers family divested Alumeco Group, a Northern European distributor of semi-finished non-ferrous metals, to Nordic Metal Holdings Inc., a US holding company associated with Amari Metals. The transaction was announced on December 8, 2022.
Hydro signed an agreement to acquire Hueck, a provider of aluminium window, door, and façade systems and extruded aluminium profiles, for an enterprise value of EUR 60.3 million. The acquisition strengthens Hydro's presence in Germany and other European markets.
Lectra announced on December 8, 2022, the signing of an agreement to acquire 51% of the capital and voting rights of Dutch company TextileGenesis, a provider of a SaaS platform for textile traceability. The acquisition extends Lectra's software offer to material traceability and reinforces its position in Industry 4.0.
Observe Medical ASA, through its subsidiary Observe Medical AS, has signed an asset transfer agreement with Unomedical A/S and Unomedical s.r.o. to acquire trademarks and intellectual property rights for the Unometer and Abdo-Pressure urine measurement products for a total purchase price of USD 4,195,000.
Duni AB (Duni Group) has acquired 80% of the shares in Finnish company LinePack Oy, which specializes in automated packaging solutions for the food industry. The acquisition strengthens Duni Group's Food Packaging Solutions business area.
Gofore Oyj has signed an agreement to acquire the entire share capital of Finnish technology and design company Huld for a debt-free enterprise value of €54.5 million. The acquisition is expected to be completed by 1 September 2025, pending competition authority approval.
Investment AB Latour, through its wholly-owned subsidiary Swegon Group AB, has signed an agreement to acquire HC Groep, a Dutch indoor climate technology company with 386 employees and net sales of EUR 106 million in 2023. Closing is expected in August 2024, subject to competition clearance.
Sdiptech AB has entered into an agreement to acquire Kemi-tech ApS, a Danish provider of tailored chemical solutions for industrial water treatment, based in Hedensted, Denmark. The acquisition is expected to be completed after Danish Business Authority approval during summer 2023.
HEXPOL has acquired 100% of the shares in Star Thermoplastic Alloys and Rubbers, Inc., a TPE compounder near Chicago, Illinois, for $26.5 million on a cash and debt free basis. The acquisition establishes HEXPOL's presence on the American TPE market.
Irisity AB has completed the acquisition of 100% of the shares in Ultinous Zrt, a Swedish-Hungarian AI company specializing in Nvidia-based AI video analytics, for a consideration of SEK 45 million on a cash and debt free basis. The acquisition was financed through an in-kind issue of 9,000,000 new shares and a directed share issue of SEK 45 million from StockhornCapital AB.
Bosch acquired Semiconductor Ideas to the Market (ItoM), a Netherlands-based developer of high-frequency processing system-on-chip (SoC) semiconductors for automotive applications. The acquisition strengthens Bosch's development expertise in high-frequency circuits.
The Stephens Group acquired Quality Valve, an OEM replacement parts provider, from seller Pfingsten. The article gives no deal value.
Laird Connectivity acquired California-based Boundary Devices, a designer and manufacturer of System-on-Modules and Single Board Computers. The acquisition expands Laird Connectivity's SOM portfolio for IoT, industrial automation, and other markets.
The Jor-Mac Company, Inc., a contract manufacturer of engineered metal fabrications, was acquired by The Mendota Group, a private equity firm. Jor-Mac is based in Lomira, Wisconsin.
Anglo American signed a binding agreement to combine its nuGen effort with First Mode, valuing the combined business at about $1.5 billion. Anglo American will inject $200 million and become majority shareholder. The transaction is expected to close in January 2023.
Memscap sold its North Carolina manufacturing plant and certain assets to Science Corporation for $3 million. The deal includes the plant lease, tools, equipment, and foundry customers, but excludes Memscap's VOA products and IP.
Advent-backed Roehm has agreed to buy SABIC's polycarbonate sheets business for about $300 million. The deal is expected to close after antitrust approval.
Squadron Energy, part of the Forrest family's Tattarang Group, has acquired CWP Renewables from Partners Group in a deal reportedly worth more than $4 billion (USD 2.7 billion). The acquisition includes 1.1 GW of operational assets and a large development pipeline.
Marchesini Group, a packaging machinery manufacturer, has acquired Rejves Machinery Srl, a specialist in filling and capping machines for cosmetic, pharmaceutical, chemical and food products. The acquisition was announced on 7 December 2022.
Shriji Polymers (India) Limited has invested in Parekhplast India Limited and bought a controlling stake. The deal is valued in excess of Rs 200 crore. Parekhplast manufactures rigid plastic packaging for consumer goods sectors.
Nijhuis Saur Industries has finalized the acquisition of Veolia's European Mobile Water Services division, following antitrust commitments. The acquired business will be rebranded as NSI Mobile Water Solutions.
Ferrero Group has agreed to acquire Wells Enterprises, its operations and ice cream brands including Blue Bunny, Bomb Pop and Halo Top. Wells will remain a stand-alone business with offices in Le Mars, Iowa and production operations in three US locations.
Kaivac Inc. has purchased Ohio-based plastics manufacturer Eger Products for an undisclosed sum. The deal includes Eger Products' manufacturing facility, and Eger Products will now operate as Expert Roto Molding, a division of Kaivac.