Xizi Clean Energy completed the acquisition of a controlling stake in Legend Energy Technology, indirectly holding Elpanneteknik Sweden AB (ELP), a supplier of immersion high-pressure electrode boilers.
Alta Equipment Group announced a definitive agreement to acquire Ecoverse Industries, a distributor of environmental processing equipment based in Avon, Ohio. The acquisition gives Alta master dealer rights for North America and is expected to be immediately accretive.
Atlas Copco has acquired Vector, a privately held compressor distributor with 23 employees founded in 1933 in Poland, for an undisclosed amount. Vector becomes part of Atlas Copco's service division within Compressor Technology.
ADQ Aviation and Aerospace Services LLC offered to transfer 100% of Advanced Military Maintenance Repair and Overhaul Centre LLC, 100% of Etihad Airways Engineering LLC, and 50% of Global Aerospace Logistics LLC to Abu Dhabi Aviation in a reverse merger valued at AED 4 billion. Shareholders approved the transaction in May 2023.
Cordis announced the acquisition of MedAlliance, a Swiss developer of drug-eluting balloons. The deal includes an initial $35M investment, $200M payment upon closing in 2023, and up to $900M in regulatory and commercial milestones through 2029.
AeroVisto Group has agreed to acquire Complete Aircraft Services GmbH (CAS), effective January 1, 2023. The acquisition strengthens AeroVisto's market position in the European Union and adds a production site with EASA Part 145 and Part 21G approvals.
Russian President Vladimir Putin authorized Akron Industry to acquire 22.5 million shares of SEShch Holding (owner of Elektroshchit Samara) from French company Schneider Electric Industries SAS. The deal involves the sale of Schneider Electric's stake in the electrical equipment manufacturer.
Zhengdao Group agreed to acquire Best Knob International, which holds 80% of Hanxilong, a Chinese automotive parts manufacturer, for HKD 392 million. The agreement was announced on October 17, 2022, with the initial agreement dated August 28, 2022.
U.S.-Australian coal mining firms Peabody Energy and Coronado are considering a merger to create a single entity, as coal producers look to scale up.
ADQ has submitted an offer to combine its 100% shareholdings in Etihad Engineering and AMMROC, and its 50% ownership of GAL, into Abu Dhabi Aviation (ADA) to create a global aviation MRO and services champion. The combined group would have assets of approximately AED 9.4 billion (USD 2.6 billion).
LA Semiconductor purchased the Pocatello, Idaho fabrication plant from onsemi on October 14, 2022, and will run it as a pure-play contract manufacturing foundry with a long-term wafer supply agreement.
Schaeffler Technologies AG & Co. KG signed an agreement to acquire the remaining 10% stake in Schaeffler Paravan Technologie GmbH & Co. KG from Arnold Verwaltungs GmbH, taking full ownership. Financial details were not disclosed.
The National Company Law Tribunal approved AM Mining India's ₹4,050 crore bid to acquire stressed steelmaker Uttam Galva Steel. The acquisition is ArcelorMittal's third through India's insolvency process.
Advent International and Wilbur-Ellis announced an agreement to merge their life sciences and specialty chemicals solutions businesses, Caldic and Connell, to create a global leader with sales of about EUR 3 billion.
Siemens Energy sold a 65% stake in a Russia-based gas turbine joint venture to a local state firm.
Italian equipment supply company Saim Group acquired Atlantis Marine Power (AMP), the UK-based Kohler distributor, to strengthen its distribution in the UK and sell products directly.
PA, a digitalization company, acquired ZI-ARGUS, a leading independent automation systems integrator in the ASEAN region and Australia, to expand its digitalization activities in Southeast Asia.
Advent International and Wilbur-Ellis announced the merger of their life sciences and specialty chemicals solutions businesses, Caldic and Connell, to create a global value-add distribution platform with combined sales of around EUR 3 billion. The merger combines Caldic's presence in Europe, North America, and Latin America with Connell's strong position in Asia-Pacific.
Alphawave IP Group acquired Banias Labs, an Israel-based optical DSP chip developer for data centers, for approximately $240 million. The acquisition strengthens Alphawave's optical DSP silicon product roadmap.
Inter RAO closed the acquisition of Siemens Energy's 65% stake in the joint venture Sovremennye Tekhnologii Gazovykh Turbin (STGT) with Silovye Mashiny, and also acquired 100% of Voronezh Transformer from Siemens Energy.
Lincoln Electric Holdings, Inc. signed a definitive agreement to acquire Fori Automation, Inc., a designer and manufacturer of automated welding systems and assembly solutions, for an undisclosed amount. The acquisition is expected to add approximately $225 million in annual automation sales.
Taro Plast S.p.A. signed an agreement to acquire the thermoplastic Co-Polyester and Polyester Hotmelt businesses of Celanese Corporation. The deal is expected to close in Q4 2022.
HEW-KABEL GmbH acquired Habia Cable AB from Beijer Alma AB for SEK 910 million. The transaction was completed on October 14, 2022.
Treffpack Beteiligungsgesellschaft and Industrial Packaging Group are merging their packaging wholesale businesses into Packaging Alliance Europe SA, held equally by both, covering Germany, Belgium, Luxembourg, the UK, the Nordics, the Netherlands and France. The merger is expected to close later in 2022.
JSR acquired the entire equity of JSR Electronic Materials Korea, its joint venture with Peri Corp., to accelerate semiconductor material production and R&D in South Korea. The joint venture was founded in 2014 with Peri holding 60% and JSR 40%.
Birchview Capital announced the acquisition of Waterloo Biofilter Systems Inc., a Canadian company that develops, manufactures, and maintains onsite wastewater treatment systems using biofiltration technology.
FRIEM acquired 100% ownership of DynAmp, a supplier of high DC current measurement systems, strengthening its position as a global supplier.
EDF is renegotiating the purchase of General Electric's nuclear turbine business (Arabelle steam turbine) at a reduced price, with an enterprise value originally set at $200 million expected to be 10-20% lower. EDF also plans to invest EUR 800 million in the project.
OpenGate Capital combined Extol, acquired on September 30, 2022, and Aluminium France Extrusion (AFE), owned since June 2013, to form Aluminium Solutions Group SAS (ASG), creating France's second and Europe's sixth largest aluminum extruder. Terms were not disclosed.
Lakeside Poly Manufacturing, a Lakeside Group company, has acquired Ventco, a provider of commercial and residential ventilation products. Ventco's operations will continue in Wrens, Georgia.
Epiroc has agreed to acquire Geoscan Pty Ltd, an Australian provider of digital geological imaging solutions for mining companies, including the Corescan and Coreshed offerings.
Hood Container Corporation, a subsidiary of Hood Companies, acquired Kentwood Packaging Corporation, a Grand Rapids-area packaging company, with PMCF acting as exclusive financial advisor to the seller.
The Fair Competition Tribunal in Tanzania blocked Heidelberg Materials' attempt to buy a 68% stake in Tanga Cement for around US$59m, ruling it contrary to law. The parties are considering how to proceed.
YAGEO Corporation has entered into an agreement with Heraeus Holding GmbH to purchase 100% of the shares of Heraeus Nexensos.
Weichai Power strategically reorganized Kion Group and its subsidiary Linde Hydraulic in 2012, marking the largest acquisition of a German company by a Chinese enterprise. The 10th anniversary was celebrated on October 12, 2022, at Kion's Jinan base.
Dead River Co. acquired the full-service propane and heating oil delivery and HVAC business of Charlie Burnham Energy & Heating Service in Freeport, Maine. The transaction closed on October 12, 2022.
Sebia, a global specialty diagnostic company, acquired Zeus Scientific, an IVD company based in New Jersey specializing in autoimmune and infectious disease technologies. Financial terms were undisclosed.
SyBridge Technologies, a global industrial technology company, acquired Galway Tool & Mould Limited, a precision tooling company based in Galway, Ireland. This is SyBridge's first investment in Europe and its thirteenth acquisition since 2019.
Unical Aviation Inc. acquired CAVU Component Repair LLC, an FAA-approved repair station in Mesa, Arizona, from CAVU Aerospace. Financial terms were not disclosed.
DirectMed Parts & Service, a medical imaging parts and service company, acquired ScanMed, an MRI coil design, manufacture, and repair company. Terms were not disclosed.
Long-term investment company VADO Beheer has acquired Orangeworks, a Dutch developer and producer of process installations and production equipment for the food industry. Orangeworks expects 2022 turnover of over €40 million.
Power Grid Corporation of India has acquired ER NER Transmission (ETL), a project SPV, for about ₹7.04 crore under the tariff-based competitive bidding route. ETL will build interstate transmission systems for eastern and northeastern regions.
Visual Components Group has acquired the Delfoi Robotics business from Delfoi. The acquisition was effective from October 11, 2022, and the Delfoi Robotics staff will join Visual Components.
To satisfy European Commission concerns, Celanese offered to sell its thermoplastic copolyester business and a plant in Ferrara, Italy, to Taro Plast, as part of its $11 billion acquisition of DuPont's engineering polymer unit.
NLMK DanSteel's ownership is restructured so that SOGEPA and NLMK Group each own 49%, and a subsidiary of NLMK Belgium Holdings owns 2%. The change was approved by EU competition authorities on October 11, 2022.
Sherwin-Williams agreed to acquire Industria Chimica Adriatica (ICA), an Italian designer and manufacturer of industrial wood coatings with annual sales over EUR 150 million and about 600 employees. The deal is expected to close by end of 2022.
Groz-Beckert KG has acquired 100% of TKM GmbH, a tool manufacturer for industrial cutting precision tools. The transaction is subject to antitrust review.
Cameco and Brookfield Renewable Partners will acquire Westinghouse Electric, a nuclear power plant equipment maker, for $7.9 billion.
Atlas Holdings completed the acquisition of Crown Paper Group, including Port Townsend Paper Corporation and Crown Corrugated Company, an integrated mill and containerboard operation in Washington and Western Canada. Terms were not disclosed.
SCHÜTZ has signed a purchase agreement for 100% of the shares in Remi Tack, a Belgian reconditioner of IBCs and plastic drums based in Estaimpuis with 53 employees.