Pinggao Electric's subsidiary Tianjin Pinggao Intelligent Electric will invest non-monetary assets worth 44.3 million yuan, and Pinggao Group will invest 45.7 million yuan in cash to establish a new company, Tianjin Pinggao Yidian Technology, to focus on the charging and swapping business.

Van Leeuwen Deutschland GmbH has signed an agreement to acquire ALLSTAHL GmbH, a German specialist in steel pipes for heavy vehicles, agricultural machinery, and hydraulics, with annual sales of €20 million. The integration is expected to start on January 1, 2023.

Effective January 1, 2020, Marcotte Mining Machinery Services was amalgamated with Timberland Equipment Limited under common ownership of Timberland Group. The Marcotte product line will become part of Timberland's business.

Business partners Rally Hess and Tom Wagner finalized the purchase of Trison through 218 Partners.

Valgroup acquired two Italian companies, NuovaPlast (PET preform production) and 3R (bottle recycling), expanding its recycling and PET preforms production in Italy.

Lincoln Electric Holdings signed a definitive agreement to acquire Fori Automation, a supplier of automated industrial assembly systems, for $427 million.

Fusium, parent of Fonderie Saguenay and TMA, acquired Fonderie BSL of Rimouski on November 1, 2022, adding steel casting capabilities to its existing iron, aluminum and magnesium offerings.

Sunroc, a subsidiary of Clyde Companies, finalized the asset acquisition of J.K. Merrill & Sons, an aggregates supplier in Eastern Idaho. J.K. Merrill will rebrand under the Depatco name.

Smart Care, a portfolio company of Wind Point Partners, has acquired Refrigeration Anytime, a commercial refrigeration and HVAC equipment repair company based in Manor, Texas. The acquisition strengthens Smart Care's presence in Texas.

BMH Technology Oy has acquired the product rights of Saimatec Engineering Oy's material handling equipment, including the HELP bin discharger, screw discharger, and silos, through a business acquisition on November 30, 2022.

Comer Industries has acquired two business units: Benevelli Electric Powertrain Solutions and Sitem Motori Elettrici, both specializing in electric motors and powertrain solutions for the electric vehicle market.

Brevetti C.E.A. acquired Disys srl, an Italian company specializing in advanced vision systems for industrial applications, to expand its inspection industry leadership.

Crane and hoist manufacturer Condra has acquired Optidrive variable-frequency drives distributor iTek Drives for an undisclosed amount. The deal secures Condra's supply of Optidrive VFDs for its cranes.

BorgWarner Inc. has acquired Drivetek AG, a Swiss provider of engineering and product development services for inverters, electric drive solutions, and power electronics. The enterprise value is up to CHF 35 million, with CHF 25 million paid at closing. The acquisition was announced on December 2, 2022.

Ferguson plc has acquired Airefco Inc., a distributor of HVAC equipment, parts and supplies in the Pacific Northwest. The acquisition was announced on December 2, 2022.

Daikin Comfort Technologies North America Inc., a subsidiary of Daikin Industries, has acquired Venstar Inc., a controls and energy management systems provider. The acquisition was announced on December 2, 2022.

Karl Eugen Fischer, a manufacturer of cutting machines for the tyre industry, acquired Slovakia's Konstrukta-Tire Tech (KTT), a specialist in extrusion and cutting machines, in December 2022.

CMS Nextech acquired CMI Mechanical, a commercial HVAC and refrigeration service company based in Denver, Colorado. The acquisition was finalized in December 2022 and adds approximately 30 employees.

Komatsu, through its subsidiary Komatsu Mining Corp., has decided to acquire GHH Group GmbH, a German manufacturer of underground mining machinery. The acquisition is expected to close by end of June 2023.

GreenTech SA, Europe's largest PET recycler, merged with GreenFiber International, a producer of synthetic fibers from recycled PET, effective 1 December 2022. GreenTech SA was absorbed by GreenFiber International, which then renamed to GreenTech.

SurTec acquired omniTECHNIK, a Munich-based developer of pre-coated thread coatings for fasteners. The terms of the transaction were not disclosed.

Röhm has agreed to acquire SABIC's Functional Forms business, which manufactures polycarbonate sheets and films under the LEXAN brand. The transaction is expected to close in the first half of 2024.

Muskoka Rock Company has completed the acquisition of Hutcheson Sand & Mixes, a quarry with over 640 acres of high-quality reserves in Huntsville, Ontario, adding granite aggregate and specialty sand products to its portfolio.

PEI-Genesis acquired California-based Testco Inc., a supplier of passive, electromechanical, and interconnect components, on December 1, 2022. Testco will operate as a separate company.

Valstone Corporation acquired WEM Automation, a North American supplier of control systems for feed and asphalt verticals, on December 1, 2022. WEM will join Valstone's Process Control and Automation Portfolio.

Andromeda Systems Incorporated (ASI) acquired Tools for Decision (TFD) on November 17, 2022, including TFD Group in the US, TFD Europe Ltd in the UK, and a partial stake in TFD Africa. The acquisition will integrate TFD's software and services into ASI's offerings.

Westlake Royal Building Products acquired the Palight Trimboard unit from Palram Americas, expanding its foam PVC product line.

Schaeffler acquired Melior Motion GmbH, a precision gearbox manufacturer, earlier in 2022 and renamed it Schaeffler Ultra Precision Drives GmbH as of December 1, 2022. Schaeffler has since doubled production capacities in Hameln, Germany, and set up a production line in Nanjing, China.

Hillenbrand has completed the acquisition of the Peerless Food Equipment division of Illinois Tool Works for approximately $59 million. Peerless will be integrated into Hillenbrand's Advanced Process Solutions segment.

Integra LifeSciences has entered a definitive agreement to acquire Surgical Innovation Associates (SIA), which manufactures DuraSorb absorbable mesh for plastic and reconstructive surgery. The deal is valued at up to $140 million, with $50 million at closing and up to $90 million in milestones.

WEG announced an agreement to buy the remaining stake in Mvisia, a startup specializing in artificial intelligence and computer vision for industry. The value was not disclosed. WEG had previously acquired 51% of Mvisia in June 2020.

The boards of Chembond Polymers & Materials and Chembond Material Technologies, both units of Chembond Chemicals Ltd, agreed to merge the two companies.

Caverion acquired Carrier's commercial refrigeration projects and related services business in Finland, including distribution rights for Carrier's refrigeration cabinets. Seventeen Carrier employees will transfer to Caverion.

Viessmann Deutschland GmbH purchased a minority stake in Nomnio d.o.o., an IoT startup focused on the HVAC market based in Maribor, Slovenia. The purchase price was not disclosed.

The CIREX Group, part of Signicast/Form Technologies, has taken over Feinguss Soest GmbH & Co. KG, an aluminum precision casting foundry for aerospace and defense components, in Soest, Germany. All 80 employees will be retained and capacity expanded.

VINCI Energies has acquired the engineering activities of RCO Mechatronics in Tilburg, Netherlands, including its mechatronics and robotics expertise for the manufacturing industry. RCO Mechatronics will trade under the brand name Actemium in 2023.

Mutares SE & Co. KGaA has completed the acquisition of Heat Transfer Technology (NEM Energy) from Siemens Energy B.V. The company will operate as NEM Energy B.V., headquartered in Zoeterwoude, Netherlands.

Nidec Machine Tool Corporation, part of Nidec Corporation, has acquired 100% of Italian machine tool manufacturer Pama spa. The deal is valued at approximately €100 million.

Briolf Group acquired 100% of Areco Italia, a manufacturer of aerosol paints based in Abbiategrasso, Italy. The acquisition will add over EUR 31 million in revenue to Briolf Group.

Applied Physics Systems acquired all Measurement While Drilling (MWD) assets of Koltek Energy Services, including a facility in Casper, Wyoming. Koltek will discontinue MWD services.

Aptiv completed the acquisition of an 85% equity stake in Intercable Automotive Solutions from Intercable S.r.l. for €595 million. Intercable specializes in high voltage power distribution and interconnect technology.

igus GmbH acquired a majority stake in Commonplace Robotics, a German integrator specializing in intuitive control systems and software for robotics. The two companies have collaborated for six years.

Meloche Group has acquired Hemmingford Aerospace, a key player in aircraft engine part machining. The acquisition is part of Meloche Group's growth strategy to double sales to $200 million by 2026.

Epiroc has completed the acquisition of Remote Control Technologies (RCT), an Australian provider of automation and remote-control solutions for mining customers. RCT has about 225 employees and revenues of approximately MAUD 85.

Fabemi acquired Sobemo, a concrete block producer based in Nogent-sur-Seine, France, to increase its production capacity of traditional hollow concrete blocks and expand its presence in the Grand Est and Île-de-France regions.

NXP Semiconductors agreed to buy Freescale Semiconductor in a deal valuing Freescale at $11.8 billion, with a total enterprise value of $16.7 billion including debt. The combined company will be a leader in auto and industrial semiconductor markets.

STARK Group announced the acquisition of Saint-Gobain Building Distribution Ltd, a UK building materials distributor, for an enterprise value of GBP 740 million (EUR 850 million). The deal includes over 600 branches and brands like Jewson.

Fortum, Uniper and the German State signed final stabilisation agreements. The German State will acquire all of Fortum's approximately 293 million shares in Uniper for EUR 1.70 per share, totaling about EUR 0.5 billion.

Sofindev acquired a majority stake in Arco, a Belgian player in industrial refrigeration and freezer installations. The partnership was announced on December 1, 2022.

ABB Ltd completed the acquisition of Powertech Converter Holding GmbH from RCP Group GmbH on December 1, 2022. Powertech had revenues of approximately €60 million in 2021.