Amorepacific Group will sell 60% of its subsidiary Pacific Package's shares to French packaging company Autajon, retaining 40%. The move deepens a cooperation relationship that dates to a 2015 MOU.
Financial investment company CEIP has acquired a 70% stake in AMiT, a Czech industrial automation and electronics company. The original owners retain 30% and remain active. Aleš Krutina becomes new CEO.
Lanxess and private equity firm Advent International announced the formation of a joint venture combining DSM Engineering Materials and Lanxess High Performance Materials. Calum MacLean was appointed CEO. The JV is expected to have sales of around €3 billion.
VINCI Energies is to acquire Ferrard, a company specializing in HVAC and plumbing works for buildings, based in Saint-Etienne, France. Ferrard generated €9 million in sales in 2021 and has around 50 employees.
Beijer Ref signed an agreement to acquire 51% of Australian air conditioning companies AAD and HVAC Consolidated for approximately SEK 480 million, with an option to buy the remaining shares. The companies had combined turnover of about SEK 800 million.
H&E Equipment Services signed a definitive agreement to acquire One Source Equipment Rental for $130 million in cash. One Source operates 10 branches in the Midwest and Southern U.S., with revenues of about $59 million.
IGI Private Equity acquired Matec Industries, an Italian manufacturer of industrial water filtration plants, through a leveraged buy-out with the founders reinvesting and retaining a minority stake.
Mondial Color SpA, with support from Friulia, has acquired Siro srl, a coatings company based in Teolo, Italy. The acquisition aims to consolidate and expand Mondial Color's presence in European markets.
ABB announced it will acquire the PowerTech Converter (PTC) business, a supplier of auxiliary power converters for light rail and metros, from RCP. PTC has ~280 employees and generated ~€60 million in 2021 revenue.
Achronix Semiconductor Corporation acquired key IP assets and the technology team from Accolade Technology, including Ethernet FPGA IP for networking applications.
Ashtead Technology has acquired WeSubsea, a provider of subsea dredging technology, to expand its mechanical solutions service offering for the offshore energy sector. The acquisition was completed in September 2022.
Kaman Corporation completed the acquisition of Parker-Hannifin's Aircraft Wheel & Brake Division on September 16, 2022. The division, based in Avon, Ohio, manufactures wheels, brakes and hydraulic components for aircraft.
Beomhan Industry, parent of Beomhan Fuel Cell, acquired 82.38% of Doosan Mecatec shares for KRW86.499 billion, becoming the largest shareholder; the remaining 17.62% is acquired by a consortium including Metiston Innovation Growth No.1 Private Equity Fund.
Codra group has acquired Ordinal Software, adding the COOX MES solution to its Panorama SCADA platform. The merger aims to create a French alternative in industrial software.
Litgrid AB received an order from parent EPSO-G to acquire two 18.8% stakes in TSO Holding from Fingrid and Energinet for approximately EUR 13 million, to be transferred to EPSO-G.
SILÉANE, a French robotics group, has acquired Robaut Conception, a Savoie-based integrator and builder of special machines for assembly automation, with €3.7 million revenue and 23 employees.
Capchem, Nippon Shokubai and Toyota Tsusho have reached a joint venture agreement to invest in Hunan Fluopont New Materials Co., Ltd., a Capchem subsidiary, to expand LiFSI production capacity to over 10,000 MT/year. Capchem remains the controlling shareholder.
Rino Mastrotto Group, a global leader in high-quality leather, signed a binding agreement to acquire a majority stake in Tessitura Oreste Mariani, an Italian textile producer for high fashion. The Mariani family retains a minority stake.
Kito Crosby, a global leader in lifting and securement, announced an agreement to acquire eepos GmbH, a German manufacturer of aluminum light crane systems. The acquisition is expected to close in Q3 2024.
Müller-BBM AG acquired a 40% share in VIBES.technology, a Dutch engineering company specializing in sound and vibration engineering. The partnership aims to combine their product offerings for the automotive industry.
Smurfit Kappa has signed an agreement to acquire PaperBox, a packaging plant in Saquarema, about 70 km east of Rio de Janeiro. The deal is subject to regulatory approval and is expected to close at the end of October 2022.
Solintal, a manufacturer of buckets and mining equipment, acquired Mecanización y Minería, a Spanish company specializing in drilling equipment and components for mining and construction. The deal includes facilities in Algete and was executed in mid-September 2022.
Cargotec entered an agreement to transfer Kalmar's heavy crane intellectual properties and assets (RTGs, RMGs, STS, ASC) to Rainbow Industries Co. Ltd. (RIC) in Taicang, China. About 40 Kalmar employees in China will join RIC, with completion expected in September 2022.
Knauf Industries Group finalized the acquisition of Overath Group, a German family company producing EPP and crosslinked PO foam parts for automotive and other industries. Overath employs over 100 people at sites in Lohmar and Oebisfelde.
Tadano Ltd. agreed to acquire the remaining 49% stake in Tadano Escorts India Pvt. Ltd. from Escorts Kubota Limited, making TEI a wholly owned subsidiary. The joint venture's development and production of India-market lifting equipment will be discontinued.
ALA acquired 100% of SCP SINTERSA, a Spanish leader in high-performance electrical interconnection systems with a factory in Seville. The combined group will have annual revenue near EUR 200 million.
Mangan Inc. acquired Orbital Gas on August 15, 2022, to expand its process analyzer and continuous emissions monitoring system capabilities.
NLMK reached an agreement to integrate NLMK Dansteel into NBH Group, a joint venture with SOGEPA, to optimize European asset management.
French packaging firm Autajon Group merged with Zapp Packaging, an Ontario folding carton manufacturer with about 100 employees, in a deal that closed September 15, 2022 on undisclosed terms.
Polymer Protective Packaging, Inc., a division of Polymer Packaging, has acquired DBR Industries, a Chicago-based converter of polyethylene foam and bubble packaging materials.
Czech utility ČEZ has received antitrust approval to acquire Škoda JS, a nuclear equipment manufacturer, and its real estate firm Middle Estates from Russian-owned OMZ (controlled by Gazprombank), protecting the company from EU sanctions.
Mutares SE & Co. KGaA completed the acquisition of Cimos d.d., a producer of turbocharger, powertrain and electrification components for the automotive industry, with normalized revenues of just under EUR 200 million.
Noroo Holdings announced that its subsidiary Noroo Auto Coating has absorbed Noroo Bichemical in a merger, with Noroo Auto Coating surviving and Noroo Bichemical ceasing to exist. The merger date is November 1, 2022.
Geoforce, a provider of asset tracking solutions, acquired Temeda, an industrial equipment tracking and telematics platform. The acquisition expands Geoforce's customer footprint and product capabilities.
Fuda Alloy announced a major restructuring to acquire 100% of Sanmenxia Aluminum through asset swap and share issuance, valued at CNY 15.56 billion. The deal includes a CNY 3 billion fundraising for a 1.2 million ton alumina project.
Luoyang Glass announced it will acquire 100% of Taibo Fujian Photovoltaic Glass from Taibo Donghai Glass for a base price of CNY 422 million, to expand its photovoltaic glass capacity.
Amcor has made a strategic investment of up to $45 million in US-based ePac Flexible Packaging, increasing its minority shareholding in ePac Holdings. The announcement was made on September 14, 2022.
Aerzen USA has agreed a transaction to acquire Vooner FloGard Corporation, a manufacturer of vacuum pumps and vacuum systems based in North Carolina, facilitated by Benchmark International. The article gives no deal value.
CAREL Industries, via a subsidiary, signed a binding agreement to acquire the business of SENVA Inc., a Beaverton, Oregon maker of sensors for HVAC and indoor air quality. Closing is expected by end of October 2022.
Lapham-Hickey Steel acquired SMC Metal Fabricators, a metal fabricator with 115,000 sq. ft. of manufacturing space in Oshkosh, Wisconsin. The acquisition was announced on September 13, 2022.
Global Water Technology, Inc. acquired Fort Bend Services, Inc., a water and wastewater treatment products and services company headquartered in Stafford, Texas. The acquisition was announced on September 13, 2022.
Bentley announced it has acquired the rights of the GoBack catheter from Upstream Peripheral Technologies. The GoBack catheter is used for crossing and re-entry in occluded arteries.
Parker-Hannifin Corporation has completed its acquisition of Meggitt PLC for approximately £6.3 billion. Meggitt is headquartered in Coventry, UK, and has annual revenue of about £1.63 billion.
Aptiv PLC signed a definitive agreement to acquire an 85% equity stake in Intercable Automotive Solutions for €595 million. The deal was announced on 13 September 2022.
American Securities LLC acquired Meridian Adhesives Group from Arsenal Capital Partners. The deal was announced on 13 September 2022.
Advanced MedTech Holdings announced the acquisition of a majority interest in WIKKON, a Chinese market leader in urology and shock wave therapy devices based in Shenzhen. The deal strengthens AMTH's presence in China and is expected to close fully by end of 2022.
WM agreed to acquire a controlling interest in Avangard Innovative's U.S. business, which will operate as Natura PCR, an independent company expected to scale recycling capacity to produce 400 million pounds per year of post-consumer resin in five years.
Canada's Ontario Teachers' Pension Plan (OTPP) is reported to be acquiring Hong Kong-based packaging firm GPA from EQT. The report's deal value is not stated in the article.
IDEX Corporation agreed to acquire Muon B.V. and its subsidiaries, a Dutch micro-precision flow path manufacturer, for €700 million in cash. Muon serves medical, semiconductor, food processing, digital printing and filtration customers.
J-Power USA agreed to sell its 49% stake in the 1200 MW Jackson Generation combined cycle plant in Elwood, Illinois, to Gulf Energy Development Public Co. The transaction is expected to close in December 2022.