SMR Automotive Mirrors UK Ltd. agreed to acquire Misato Industries Co. Ltd and Ichikoh (Wuxi) Automotive Parts Co., Ltd from Ichikoh Industries, Ltd. for an enterprise value of JPY 5.2 billion. The deal is expected to close in August 2023.
Bingshan Refrigeration announced plans to acquire 60% of Panasonic Compressor from Sanyo Electric and 55% of Panasonic Refrigeration for a combined cash price of RMB 1.011 billion, giving it full ownership of both.
Holland Pump Company completed the acquisitions of Sander Power Equipment in Trevose, PA and Pump & Power Equipment Corp. in Jessup, MD, adding three branches for pump rental and dewatering services in the Mid-Atlantic region.
Qassim Cement Company has entered into a non-binding memorandum of understanding with Hail Cement Company to acquire all issued shares of Hail Cement through a share exchange. The proposed transaction values each Hail Cement share at SAR 14.5.
Lantal Textiles AG from Switzerland acquires Royal Dutch Textile Mills J.A. Raymakers & Co BV from the Netherlands and its sister company British Velvets Ltd. from the United Kingdom, combining with its Portuguese velvet mill Gierlings-Velpor.
SP Group, through its subsidiary SP Moulding A/S, agreed to acquire Meditec Plaststøbning A/S, a Danish injection moulding company specializing in healthcare products, for an enterprise value of DKK 81 million. Meditec has around 40 employees and a modern plant in Elsinore.
Tetra Tech has reached an agreement to acquire RPS Group for 222 pence per share in an all-cash deal. The acquisition expands Tetra Tech's global consultancy in water, environment, sustainable infrastructure, and energy transformation.
SunGrid Holdings, based in Houston, acquired Black Electric Inc., a Poughkeepsie-based electrical services contractor serving commercial, industrial, municipal, and residential customers in the Hudson Valley. Terms were not disclosed.
ATS Corporation completed its acquisition of Paxiom Group, a provider of primary, secondary, and end-of-line packaging machines for the food and beverage, cannabis, and pharmaceutical industries.
Capital Power and Manulife Investment Management completed the acquisition of a 100% interest in MCV Holding Company, which owns the 1,633-MW Midland Cogeneration Venture in Michigan, for US$894 million, including assumption of US$521 million in debt. The joint venture partners each contributed approximately US$186 million.
Microchip Technology acquired Iconic RF Ltd., adding its portfolio of radio frequency GaN solutions for satellite, aerospace, defense, telecoms, and instrumentation markets.
Vow ASA and Controlpartner established a joint venture, Vow Automation AS, with Scanship (a Vow subsidiary) owning 50.1% and Control Invest AS owning 49.9%. The venture will develop digitized control systems for Vow's waste management systems.
Glencore International AG agreed to acquire Newmont Corporation's 18.75% shareholding in the MARA Project in Argentina for $124.9 million at closing plus a deferred payment of up to $50 million. After completion, Glencore will own 43.75% of MARA.
Feida Environmental (600526.SH) completed the acquisition of a 62.9525% stake in Ziguang Environmental from its parent company Hanggang Group, increasing its total ownership to 97.9525%. The acquisition adds wastewater treatment services to Feida's air pollution control business.
R.W. Mercer Co. and Pump & Meter Service, Inc. signed an agreement to become wholly-owned subsidiaries of a new holding company owned by their shareholders Kurt Radermacher and Andy Mercer. The companies will keep operating independently, with closing expected in Q4 2022. Both serve the petroleum and construction industries.
Groupe Guillin acquired 90% of Ciesse Paper, an Italian maker of cardboard packaging for the fruit and vegetable market, on 2022-09-23. The founders Elisa and Lorenzo Govi keep 10% and remain in operational roles. Ciesse Paper reported 2021 revenue of EUR 28 million and is based in the Mantua area.
The Board of Directors of Tata Steel Limited approved the amalgamation of six majority-owned subsidiaries and TRF Limited into Tata Steel Limited, including Tata Steel Long Products, The Tinplate Company of India, Tata Metaliks, The Indian Steel & Wire Products, Tata Steel Mining, S & T Mining Company, and TRF Limited.
BMAir, a Dutch manufacturer of filter overpressure systems, acquired 100% of the shares of German market leader Amberg Umwelt-Technik GmbH. The merger creates a new European market leader in filter overpressure systems for construction machinery.
BMH Equipment, a full-line material handling distributor, acquired Frank H. Gill Company, a material handling equipment supplier of cranes, cargo tractors, pallet jacks and utility vehicles. Frank H. Gill will continue operating under its own name before transitioning to the BMH brand.
Central Europe Industry Partners acquired a 70% stake in AMiT Holding, a Czech manufacturer of control systems and electronics for industrial and building automation, from the co-founders.
Langfields Group has acquired 100% equity in ECF Special Alloys, a UK fabrication company specializing in Titanium welding and process equipment, based in Worksop.
The Crosby Group will commence a cash tender offer to acquire all outstanding shares of KITO CORPORATION for JPY 2,725 per share on September 26, 2022, after securing all regulatory clearances.
Saint-Gobain announced it will close the acquisition of GCP Applied Technologies on September 27, 2022, after receiving UK CMA approval. The enterprise value is $2.3 billion.
Connector specialist Nicomatic SA has acquired its Swedish distributor Accurate after a 20-year partnership. The merger was celebrated on September 15-16, 2022.
Donges SteelTec GmbH, a subsidiary of Mutares, sold Nordec Group to a consortium company whose major shareholders are Harjavalta Oy and Tirinom Oy, along with Nordec senior management. The transaction is subject to regulatory approval and expected to close in Q4 2022.
Bosch plans to acquire Semiconductor Ideas to the Market (ItoM), a Dutch specialist in high-frequency processing components for system-on-chip semiconductors used in automotive driver assistance systems. The contracts were signed on September 22, 2022, and the acquisition is subject to antitrust approval.
Saint-Gobain completed the formation of a joint venture with a subsidiary of Indocement Tunggal Prakarsa to acquire Indocement's mortars business in Indonesia. The new JV is 60% owned by Saint-Gobain.
Kirloskar Oil Engines (KOEL) is acquiring the remaining 24% stake in La-Gajjar Machineries (LGM) to make it a 100% subsidiary, completing a process started in 2017. The transaction is expected to close by September 29, 2022.
The Crosby Group and KITO CORPORATION finalized the combination of their businesses, forming Kito Crosby. The announcement was made on January 30, 2023, but the article date is September 22, 2022.
Fortum, the German government and Uniper signed an agreement for the German state to take full control of Uniper, with Fortum divesting its stake. The deal includes a capital increase of 4.7 billion new shares and Fortum selling its shares for EUR 0.5 billion.
Holcim has completed the acquisition of Cantillana, a Belgian specialty building solutions company with estimated 2022 net sales of EUR 80 million, strengthening its position in building renovation and energy efficiency.
Lapham-Hickey agreed to acquire a controlling stake in VC Laminations, a Mexican electrical steel lamination stamper located in Queretaro, Mexico. VC Laminations will continue to operate under its current name.
Pennsylvania Steel Company will purchase certain assets of Nivert Metal Supply Inc., a metals service center in Throop, Pennsylvania. The transaction is expected to close by the end of October 2022.
Schneider Electric, through its subsidiary Bidco, announced a recommended cash acquisition of AVEVA Group plc for 3,100 pence per share, valuing the company at approximately £9.48 billion. Schneider already holds a 59.14% stake via Samos.
Qinchuan Machine Tool Group's board approved acquiring the remaining 16.5423% stake in subsidiary Xi'an Qinchuan CNC System Engineering to make it wholly owned, then using its net assets to increase capital in subsidiary Shaanxi Qinchuan Smart Machine Tool Research Institute, after which Qinchuan CNC will be dissolved.
TricorBraun announced it will acquire Mark's Barrel Company, an industrial container services provider.
CERTINA Group acquired ISOLITE GmbH from Showa Denko. The deal was signed on September 20, 2022, making CERTINA the new owner of the insulation materials manufacturer.
3D Systems and Saudi Arabian Industrial Investments Company (Dussur) notified the European Commission of a proposed joint venture, with both acquiring joint control of a newly created company.
Blue Giant Equipment Corporation has acquired controlling interest of Cormac Industrial, a Mexican manufacturer of ergonomic lift assist equipment including air balancers and jib cranes.
AGCO signed a letter of intent to form a joint venture with Amity Technology, acquiring a 50% interest in selected air seeding and tillage product lines sold under the Amity, Wil-Rich and Wishek brands. The joint venture will be based in Fargo, North Dakota and is expected to close before the end of 2010.
King Machine, a manufacturer of machine tools and machining robotics based in Meridian, Idaho, was acquired by C.G. Machinery in September 2022. Terms were not disclosed.
Powin LLC announced the acquisition of EKS Energy, a provider of power electronics and energy management solutions, to deliver fully integrated grid-scale energy storage systems with supply chain security.
KPIT Technologies announced the acquisition of Technica Engineering, a specialist in automotive ethernet and system prototyping, to accelerate software-defined vehicle development. The deal is expected to close by end of October 2022.
Trimble acquired B2W Software, a provider of estimating and operations solutions for the heavy civil construction industry. B2W will be reported as part of Trimble's Buildings and Infrastructure segment.
Linde Material Handling AB signed an agreement to acquire forklift manufacturer Actil Warehouse Trucks AB, with takeover in autumn 2022. Actil produces electric forklifts under the Abeko brand in Vreta Kloster, Sweden.
Cadrex Manufacturing Solutions, a portfolio company of CORE Industrial Partners, has acquired IDL Precision Machining, a manufacturer of precision components for aerospace and defense.
Datamars has acquired New Zealand-based livestock handling equipment manufacturer Prattley Industries to offer end-to-end animal management solutions. The acquisition combines Datamars' traceability products with Prattley's handling equipment.
BorgWarner agreed to acquire the Electric Vehicle Solution, Smart Grid and Smart Energy businesses of Hubei Surpass Sun Electric for an enterprise value of up to RMB 410 million. Closing expected in Q1 2023.
Nordic Climate Group, a portfolio company of Altor, announced the acquisition of MV-Jäähdytys, Finland's leading independent supplier of heating and cooling services. The transaction is subject to regulatory approvals.
Swedish distributor Ahlsell AB signed an agreement to acquire Norway's Intec Pumper AS, which has annual sales of NOK200 million and offers pumping solutions for water and wastewater. The deal is subject to approval by the Norwegian Competition Authority.