SSAB's subsidiary Tibnor acquired Askims Rostfria Stål in Gothenburg and Imero Höglund in Västerås. The combined turnover of the acquired companies is approximately SEK 130 million.
Epicor announced the acquisition of eFlex Systems, a Manufacturing Execution System vendor based in Rochester Hills, Michigan. The terms of the deal were not disclosed.
Overhalla Betongbygg acquired a 50% stake in Helgeland Betong, a Norwegian concrete element producer. The deal was signed in spring 2022. The combined entity aims for 80 million NOK in revenue in 2022.
Mondial Frigo, a French industrial and commercial refrigeration group, acquired 80% of Pasini, a company specializing in industrial air treatment for clean rooms, particularly for the high-tech sector. Pasini had 2022 revenue of €9.2 million.
Standard Motor Products acquired 100% of Kade Trading GmbH, a Glinde, Germany-based supplier of mobile temperature control components with about $6 million in 2021 revenue, funded from its revolving credit facility. The announcement was made on October 5, 2022.
Oltrogge GmbH & Co. KG took over the compressed air technology division of Flaco Geräte GmbH in Gütersloh, effective October 1, 2022, with 85 employees transferring. The announcement was published on October 5, 2022.
FloWorks International LLC, a specialty flow control distribution platform backed by Clearlake Capital, acquired Flotech, Inc., a distributor and servicer of industrial valves with locations in Florida, South Carolina and Alabama. The deal was reported on October 5, 2022.
Baker Hughes announced an agreement to acquire Quest Integrity, a subsidiary of Team Inc., a provider of technology-enabled asset inspection and reliability management for pipeline, refining, petrochemical and power generation sectors. The announcement was made on October 5, 2022.
Zwiesel Kristallglas AG and Fortessa Tableware Solutions, LLC announced their merger on October 4, 2022, creating a combined global tableware company.
Wilcox Fresh acquired heirloom fingerling grower and shipper Southwind Farms in Heyburn, Idaho. The announcement was made on October 4, 2022.
Generac Power Systems has acquired Blue Pillar, an Indiana-based industrial IoT software company. Terms were not disclosed. The deal closed on October 3, 2022.
Fireclay Tile has acquired Spokane Valley-based Quarry Tile Co. as part of a more than $26 million investment to expand its tile manufacturing capacity to over 10 million square feet per year. All 82 Quarry employees will remain.
Aveng Group entered into a sale agreement to dispose of its Trident Steel division as a going concern to Trident Steel Africa Proprietary Limited for R700 million, retaining a 30% interest for up to one year.
Aero 3, Inc., parent company of AeroRepair, has acquired Aircrafters, Inc., a provider of wheel and brake parts for the aviation industry. The acquisition was announced on October 4, 2022.
NIBE Group has acquired 100% of the shares of German ELMESS-Klöpper Group, a manufacturer of electrical process heating solutions. The acquisition closed on 1 October 2022.
Steel Dynamics has acquired ROCA ACERO, a scrap processing company based in Monterrey, Mexico, to increase its scrap processing capacity in Mexico to over 2.5 million gross tons annually. The acquisition was announced on October 4, 2022.
Italian authorities have approved Taiwan's Walsin Lihwa's buyout of 70% of Italian long stainless steelmaker Cogne Acciai Speciali. The deal closing is expected before the end of 2022, with over EUR 110 million investment planned in the Aosta plant between 2022-2024.
Hultafors Group AB of Gothenburg, Sweden, has acquired Martinez Tool Co., a US-based premium tool company specializing in titanium hammers. The acquisition was announced on October 4, 2022.
GKN Aerospace acquired Permanova Lasersystem AB, a Swedish company specializing in advanced laser technology and additive manufacturing, to strengthen its capabilities in additive manufacturing for aerospace engine components.
Phantom Auto, a provider of remote operation software, has acquired Voysys AB, a Swedish video communication technology company. The acquisition aims to improve video streaming latency and quality for remotely operated forklifts and other logistics equipment.
HDT Global has acquired Federal Fabrics-Fibers, a manufacturer of air beam structures and woven/non-woven products based in Lowell, Massachusetts. The terms of the transaction were not disclosed.
Reliance Strategic Business Ventures Limited (RSBVL), a subsidiary of Reliance Industries, and US-based Sanmina Corporation have completed a joint venture transaction. RSBVL will hold a 50.1% stake through an investment of up to Rs 1,670 crore in Sanmina's existing Indian entity, with a total enterprise valuation of about Rs 3,300 crore.
Mutares SE & Co. KGaA has completed the acquisition of MANN+HUMMEL's high-performance plastic parts business, which will operate under the new name MoldTecs. The acquired business employs around 1,500 people at sites in Germany and France and supplies major automotive manufacturers.
Reliance Strategic Business Ventures Limited (RSBVL), a subsidiary of Reliance Industries, and Sanmina Corporation completed a joint venture transaction for electronics manufacturing. RSBVL will hold 50.1% equity through an investment of up to Rs. 1,670 crore in Sanmina's Indian entity, which will be capitalized with over $200 million.
NIBE Group acquired 100% of the shares of the German ELMESS-Klöpper Group, a manufacturer of electrical process heating solutions. The group has annual sales of approximately EUR 23 million and 190 employees.
EnviroZyme, a subsidiary of Betco Corporation, entered into a binding agreement to acquire certain wastewater business assets from Novozymes A/S. The acquisition is expected to close in the first quarter of 2023.
The family owners of Veld Koeltechniek transferred their shares to management and private equity firm 365 Capital. Terms were not disclosed.
Betco Corporation entered into a binding agreement to acquire certain wastewater business assets from Novozymes A/S. The acquisition is expected to close in the first quarter of 2023.
Deltech Holdings, LLC, a portfolio company of SK Capital Partners, acquired StanChem, Inc., a provider of emulsion polymers and protective coatings. Terms were not disclosed.
Beijer Ref acquired 80% of the shares in Easy Air Conditioning, a UK-based HVAC distributor headquartered in Henley-in-Arden, with an annual turnover of approximately SEK 70 million. The company supplies AC and heat recovery system solutions for commercial buildings.
Atlas Copco acquired the operating assets of the compressor business of Mesa Equipment & Supply Company in Albuquerque, New Mexico, adding 19 employees to its Compressor Technique service division. The purchase price was not disclosed.
Novvia Group, backed by Kelso & Company, acquired Rios Containers, a Santa Fe Springs, California distributor of plastic and metal bottles, cans and drums. Financial terms were not disclosed.
Qnnect, a portfolio company of Arcline Investment Management, has acquired Connectronics, Inc., a designer and manufacturer of RF connectors for aerospace, telecom, military, test and measurement, and medical applications.
Bouygues has finalized the acquisition of Equans, a multi-technical services company. The deal marks a key step in Bouygues' development, combining Equans with Bouygues Energies & Services.
Astral Limited, an Indian manufacturer of plumbing pipes and adhesives, increased its stake to 95% in Seal It Services (trading as Bond It), a UK-based manufacturer of sealants and adhesives based in Elland, West Yorkshire.
ATS Automation has acquired ZI-ARGUS, a Bangkok-based systems integrator providing solutions in process control, automation, and engineering. The terms of the transaction were not disclosed.
White Cap L.P. closed an agreement to acquire Valley Supply Company, a Washington-based supplier of construction materials to contractors in the Puget Sound area with six locations across Washington State.
KAMIC Group AB acquired all shares in Norwegian company Tavlebyggern AS, which designs, builds and installs low-voltage switchgear, distribution boards and automation cabinets. The company has about 15 employees and annual sales of approximately NOK 60 million.
Holcim completed the acquisition of the Polymers Sealants North America (PSNA) division of Illinois Tool Works, a leader in coating, adhesive and sealant solutions with 2022 estimated net sales of USD 100 million. PSNA has manufacturing plants in California, Arizona, Texas, Georgia and Massachusetts.
Textile Rubber & Chemical Co., Inc. (TRCC) acquired 50% of SynLok Technologies, LLC, a manufacturer of eco-friendly polyurethane adhesives for synthetic turf systems. Brad Church will continue as President and General Manager.
Ingevity Corporation completed its acquisition of Ozark Materials, a producer of pavement marking materials, for $325 million in cash. The business will be included in Ingevity's Performance Chemicals segment.
Rockwell Automation signed a definitive agreement to acquire CUBIC, a Danish manufacturer of enclosures for electrical switchboards, to strengthen its intelligent motor control portfolio. CUBIC reported over $75 million in sales in fiscal year 2022.
ABB plans to purchase Siemens' low-voltage NEMA motor business in Guadalajara, Mexico, which employs around 600 people and has revenues of about $63 million. The deal is expected to close in Q2 2023.
Yanmar America signed a definitive agreement to acquire Controlled Air Inc., a Connecticut-based HVAC solutions provider, to create a center for engineering excellence and service solutions.
Alpine Power Systems acquired the assets of Evergreen Industrial Batteries, including a 29,000-square-foot facility and inventory, to strengthen its certified pre-owned and rental forklift battery and charger program.
The Mayr-Melnhof Group completed its acquisition of Essentra Packaging, agreed in June 2022, covering ESNT Packaging & Securing Solutions (UK) and Essentra Packaging US. Essentra has 21 plants in 10 countries and about 3,500 employees, with 2021 sales of around EUR 410 million.
Spirax-Sarco Engineering completed its acquisition of Vulcanic from Qualium for €261.7 million on a cash and debt-free basis, adding it to its Electric Thermal Solutions business.
Mayr-Melnhof Karton AG completed its acquisition of Essentra Packaging, including 100% of ESNT Packaging & Securing Solutions Limited and Essentra Packaging US Inc, adding 21 manufacturing sites in 10 countries and about 3,500 employees.
Lotte Chemical announced it will buy a 53.3% stake in copper foil maker Iljin Materials for about 2.7 trillion won to enter the battery components sector. It also plans a 1.1 trillion won rights offering to fund the acquisition.
EnOcean acquired the assets of the edge computing solutions business from Renesas Electronics Corporation, including personnel and products, to enhance its energy-saving IoT solutions for buildings.