C3 and Steel Root have merged, as announced by the leaders of both companies.
Concentric, an OnPoint Group company, acquired Texas Motive Solutions, a provider of service solutions to forklift dealers in Texas. The acquisition expands Concentric's footprint in Dallas and Houston.
Latecoere completed the acquisition of Avcorp Industries, which includes Comtek, a designer and manufacturer of aircraft components. The acquisition was celebrated at a welcome event on November 16, 2022.
Funds affiliated with BDT Capital Partners have entered into an agreement to acquire a significant minority interest in Exyte, a global leader in design and delivery of high-tech facilities. Georg Stumpf retains a majority stake.
Lincotek, a global contract manufacturer, acquired a strategic stake in French metal and additive manufacturing specialist MMB Volum-e. The deal aims to enhance Lincotek's Additive Plus concept and further penetrate the aerospace market.
Prototal Group, Europe's largest producer of components in 3D-printing, vacuum casting, and injection moulding, acquired Swedish company Addema AB, a supplier of additive manufacturing components based in Jönköping. Addema was founded in 2014 and its founders will continue in the group.
HydraSpecma, a subsidiary of Schouw & Co., agreed to acquire the Wind Division of Ymer Technology for an enterprise value of SEK 835 million. The division, based in Silkeborg, Denmark, employs about 180 people and specializes in cooling and conditioning of wind turbine nacelles.
Faurecia announced the final results of its voluntary public takeover offer for Hella, holding 79.5% of shares upon completion, representing an investment of €5.3 billion. The transaction is expected to close early 2022.
TricorBraun acquired Merlot Packaging, a Vancouver maker and distributor of injection-moulded rigid closures, to expand in Canada. Financial terms were not disclosed.
AxFlow acquired Gram Vakuum Teknik to expand its service and repair offering for vacuum pumps and compressors in Denmark. Lund Elmer Sandager advised AxFlow on the deal.
H.O.Persiehl acquired WB Verpackungen, a Bremen packaging maker with about 90 staff that supplies multipacks to breweries and folding cartons to food makers, effective retroactively from 1 January 2022.
H.I.G. Capital acquired a majority stake in Onis Visa S.p.A., a European designer and manufacturer of generating sets and motor pumps, in partnership with the founding Barro family.
Oshkosh, through its JLG division, is acquiring Italian spider lift manufacturer Hinowa from the Fracca family. The acquisition is expected to complete within 90 days. Financial terms were not disclosed.
All Metals Industries Inc. (AMI), a portfolio company of Salt Creek Capital, has acquired Gerber Metal Supply Company, a regional distributor of metal products based in New Jersey. Financial terms were not disclosed.
Meridian Medical Technologies, a St. Louis-based maker of auto-injector pens, is merging with Kindeva Drug Delivery, a Minneapolis-area medical manufacturer.
INDIBA S.A. and Eltech K-Laser S.r.l have reached a final agreement to merge their business activities, combining their radiofrequency and laser technologies for medical and veterinary markets.
Lam Research Corp. completed the acquisition of SEMSYSCO GmbH, a provider of wet processing semiconductor equipment, from Gruenwald Equity and other investors. Financial terms were not disclosed. The acquisition adds capabilities in advanced packaging for chiplet-based solutions.
Danish steel company Euro Steel has acquired Valmont SM, a tower manufacturer based in Rødekro, Denmark, from Valmont Industries Inc. The company will be renamed SM Industries A/S. The acquisition is expected to close in Q4 2022.
Oshkosh Corporation announced a definitive agreement to acquire Hinowa S.p.A., an Italian manufacturer of track-based aerial work platforms, mini dumpers, lift trucks and undercarriages. Hinowa will become part of Oshkosh's Access Equipment segment. The transaction is expected to close within 90 days.
Smurfit Kappa signed an agreement to acquire Pusa Pack, a Valencian maker of 200 to 1,500 litre flexible bulk bags, to join its Bag-in-Box operations in Spain. No price was disclosed.
Bingshan Refrigeration Technology completed the acquisition of 60% of Panasonic Compressor (Dalian) and 55% of Panasonic Refrigeration System (Dalian) for a total of 1,010.88 million yuan. The asset transfer was registered on November 11, 2022.
A.L.A. società per azioni completed the acquisition of SCP SINTERSA Group for €43 million.
Cashman Equipment Company will be acquired by Empire Southwest at the end of December 2022, combining two Caterpillar dealerships.
Hotpack Global, a UAE-based food packaging company, acquired a Comexi F2 MB flexographic printing press and a Comexi SL2 Evolution laminator with Synaptic Closed Loop from Comexi, a specialist in flexible packaging printing and converting equipment. The agreement was signed at the ArabPlast trade fair in Dubai.
SRS Conveyors announced the acquisition of Erie Manufacturing and Garment Conveyor Systems Inc. (GCSI), a manufacturer of equipment for handling hanging merchandise and flat goods in the garment industry.
Wienerberger acquired QPS, a Norwegian provider of water management solutions including pump systems, in November 2022. The terms of the transaction were not disclosed.
Gruppo Florence, a luxury manufacturing consortium, acquired Ideal Blue Manifatture (IBM), a denim manufacturer based in Urbania, Italy. IBM specializes in high-end denim production with eco-sustainable methods and has 140 employees.
Private equity group Duke Street agreed to acquire Suir Engineering, a provider of mechanical, electrical and instrumentation engineering services, from Dalkia and EDF Energy. Suir employs 1,300 people and has annual turnover of €300 million.
United Rentals Inc. agreed to buy family-owned Ahern Rentals Inc. for about $2 billion in cash to expand its footprint on both US coasts and in the Gulf-coast region. Ahern has about 2,100 employees in 30 states.
Rheinmetall has signed a contract to acquire Expal Systems S.A., a Spanish ammunition maker, from MaxamCorp. for an enterprise value of €1.2 billion. Closing is expected in summer 2023, subject to regulatory approval.
Siemens Energy has received Spanish approval to purchase the 33% of Siemens Gamesa it does not already own. The de-listing from the Madrid exchange is anticipated in February 2023.
Timken has acquired GGB France and the entire GGB group for $305 million. GGB France, based in Annecy, is a specialist in antifriction solutions.
Schaeffler signed a contract to acquire CERASPIN, a Luxembourg-based specialist in ceramic components for rolling bearings, from the CERATIZIT Group. The acquisition strengthens Schaeffler's industrial division's capabilities in ceramic solutions.
SCG Chemicals (SCGC) acquired a 60% majority stake in Kras Recycling B.V., a Dutch waste collector and plastics recycler. The partnership aims to integrate recycling value chains and support SCGC's Green Polymer growth pillar.
Waico group has completed the acquisition of Italforni, a Pesaro-based producer of ovens for the artisanal pizzeria market. The deal brings Waico's projected revenues to €37 million.
EGCO Group, through its subsidiary EGCO RISEC II, LLC, signed an agreement to acquire a 49% interest in the 609 MW RISEC natural gas-fired combined-cycle power plant in Johnston, Rhode Island, USA. The transaction is expected to close in Q1 2023.
ESAB Corporation, a global leader in fabrication and gas control technology, acquired Ohio Medical, including its Amvex and Squire-Cogswell brands. Ohio Medical will operate within ESAB's industrial, medical, and specialty gas portfolio.
Orion Group, a commercial facility services business, acquired Marick, Inc., a leading commercial refrigeration and HVAC service company based in Des Moines, Iowa. PCE Investment Bankers served as exclusive advisor to Marick.
Wilo Group acquired all shares in Mating (Shanghai) Membrane Technology Co., Ltd. and increased its stake to 75% in Guhong (Shanghai) Environmental Engineering Equipment Co., Ltd., expanding its water management portfolio in China.
Swedish company Novedo Holding AB has acquired Nordkabel A/S, a Danish cable company based in Aars with 220 employees and seven branches. The acquisition price was not disclosed.
Schneider Electric, through its subsidiary Bidco, announced an increased and final recommended cash offer for AVEVA Group plc, valuing the company. The acquisition is to be effected by a court-approved scheme of arrangement.
Chongqing Water Group's wholly-owned subsidiary Kunming Yurun Water Co., Ltd. acquired seven water purification plant assets from Kunming Dianchi Investment Co., Ltd. for 3.947 billion yuan (about $550 million) to expand its wastewater treatment business.
Shell Deutschland GmbH, Avia AG and BayWa Aktiengesellschaft completed the acquisition of OLF Deutschland GmbH on November 11, 2022, after receiving antitrust approval.
Fischer Panda GmbH acquired its longtime US distributor and licensee Fischer Panda Generators LLC, based in Florida. The acquisition closed on October 31, 2022, and strengthens Fischer Panda's position in the US market.
The Middleby Corporation acquired Escher Mixers, a designer and manufacturer of spiral and planetary mixers for the industrial baking industry, based in Vicenza, Italy, with annual revenues of $15 million.
Nexans has entered into a Share Purchase Agreement to acquire Reka Cables from Reka Industrial Plc for an equity price of €53 million. Reka Cables manufactures low and medium voltage cables and is expected to have a turnover exceeding €160 million in 2022.
Daikin Air Conditioning Italy spa has acquired Landi spa, a company specializing in engineering and project management of electrical, mechanical and HVAC systems. The acquisition aims to extend Daikin's capabilities in system engineering and project management for large commercial and industrial applications.
Actis completed the acquisition of MT Falcon from a consortium including Mitsui & Co., Tokyo Gas, JERA and Tohoku Electric Power, acquiring five gas turbine power plants (2.2 GW) and a gas pipeline in Mexico, rebranded as Valia Energía.
Investor Blue Ridge Capital acquired North Miami Beach, Florida-based interlocking concrete paver producer Artistic Paver Manufacturing Inc. Dan Essig transitions to advisor, and Matthew Wayman, formerly of Forterra, becomes president and CEO.
Bettcher Industries, a KKR portfolio company, completed the acquisition of Frontmatec, a global manufacturer of automated solutions for pork and beef processing. The acquisition was announced on November 10, 2022.