Leminar Air Conditioning Company acquired Clima Uno Air Conditioning Industries in Dubai, UAE, to integrate Clima Uno as its manufacturing arm for HVAC solutions.
Leggett & Platt has acquired Pacoma Hydraulic Technologies, combining it with Precision Hydraulic Cylinders into Leggett & Platt Hydraulics. Pacoma will operate as a sister company with its own management and brand.
Huhtamaki is selling its four Russian production sites, which employ 724 people, to Russian buyer Espetina Ltd for 151 million euros. Huhtamaki expects a profit of about 15 million euros in the third quarter of 2022.
SCG Packaging acquired a 90.1% stake in Jordan Trading Inc., a New York recovered paper trader, for US$1.98 million through a Thai subsidiary, adding about 100,000 tons per year of sourcing capacity. The company also partners with Peute, the Netherlands' largest packaging material recycler.
Briggs Equipment completed the acquisition of Galway Plant and Tool Hire (GPT), one of Ireland's largest plant and tool hire specialists, on September 4, 2022. GPT employs about 90 people and had FY21 turnover of about €18 million.
Bosch Rexroth, a subsidiary of Bosch, signed an agreement on September 4, 2022 to acquire Elmo Motion Control, an Israeli motion control specialist. The acquisition is expected to close in Q4 2022.
Carel has acquired 100% of the share capital of Klingenburg GmbH and Klingenburg International, a German manufacturer of rotary and plate heat exchangers, for an enterprise value of €12 million.
Robe Lighting, a leading entertainment lighting manufacturer, has agreed to acquire Artistic Licence, a designer and manufacturer of lighting control products and originator of Art-Net.
Private equity firm Veritas Capital has agreed to buy aircraft parts manufacturer Chromalloy Gas Turbine LLC from Carlyle Group for more than $1.6 billion, including debt.
Kiloutou Group has signed an agreement to acquire Grupo Vendap, the market leader in equipment rental in Portugal, and Holbæk Lift, a regional player in Denmark. The amount was not disclosed.
Saint-Gobain has divested its glass processing business Saint-Gobain Glassolutions Grand Ouest in north-west France, including glass installation activities across France, to investors led by former Saint-Gobain managers. The acquired entity generated sales of around €60 million in 2021 and employs 420 people.
Ottobock has acquired Vigo, the leading O&P specialist in Belgium, which operates 17 patient care centres in Belgium and 12 in Poland. The deal was sealed on 4 November 2019.
Ottobock HealthCare has acquired BionX Medical Technologies, Inc., a US company that produces the world's only active prosthetic foot and ankle solution, the Empower Ankle.
Atlas Copco Group has acquired OXYMAT A/S, a Denmark-based specialist in on-site oxygen and nitrogen solutions. OXYMAT had revenues of approximately MDKK 301 in 2021 and employs 146 people.
Swedish company Sorb Industri AB, owned by Lifco AB, has acquired Condale Holdings Limited, the holding company of Condale Plastics Limited. Condale Plastics has about 80 employees and reported net sales of approximately £18 million in 2021.
SSE Thermal and Equinor have completed the acquisition of Triton Power from Energy Capital Partners for £341 million. The deal includes Saltend Power Station (1.2GW CCGT), Indian Queens Power Station (140MW OCGT), and Deeside Power Station (decommissioned).
Nikon Corporation announced a voluntary public takeover offer for all outstanding shares of SLM Solutions Group AG at EUR 20.00 per share, valuing the transaction at EUR 622 million. Nikon has secured 61.1% of SLM's share capital.
Omnia Technologies, backed by Investindustrial, has acquired Progema Engineering, a leader in dairy industry plant construction based in Mantua, Italy. DVRCAPITAL acted as financial advisor to the buyer.
Valeo has acquired Siemens' 50% stake in Valeo Siemens eAutomotive, a leader in high-voltage electrification, integrating it into its Powertrain Systems business. The transaction was announced in February 2022 and completed by September 2022.
Parker-Hannifin Corporation acquired Meggitt, an aerospace, defense and energy corporation with over 37 manufacturing facilities worldwide. The acquisition closed in September 2022, and Meggitt is now Parker Meggitt.
CHS USA Inc., a company of Canadian Hospital Specialties Limited, completed the acquisition of SandBox Medical LLC effective September 1, 2022. SandBox Medical manufactures JollyPop Pacifiers and other products for premature babies and newborns.
Safran has entered exclusive negotiations to acquire Thales' aeronautical electrical systems activities, including Thales Avionics Electrical Systems and Thales Avionics Electrical Motors. The business employs nearly 600 people and generated €124 million in revenue in 2021.
ASDAM announced the acquisitions of TAE Aerospace and RUAG Australia, adding them to the ASDAM Group alongside Marand and Levett. The combined group has about 1,000 employees across 20 locations in Australia and the United States.
Allegro MicroSystems completed the acquisition of Heyday Integrated Circuits, a fabless semiconductor company specializing in isolated gate drivers for GaN and SiC power systems.
Komax Group announced the completion of its combination with Schleuniger at the end of August 2022, creating a larger automation provider for wire processing.
Strikepoint Group Holdings (SGH) acquired Campbell Comfort Systems, a residential HVAC contractor in New Jersey. Terms were not disclosed.
MM Forgings Ltd. announced the acquisition of an 88% stake in EV powertrain startup Abhinava Rizel Pvt. Ltd. for an undisclosed sum.
Knorr-Bremse has acquired DSB Component Workshops, the service unit of Danish state rail operator DSB, for EUR 50 million. The acquisition aims to create a regional service hub for rail systems in the Nordics.
Ryerson Holding Corporation acquired Howard Precision Metals, Inc., a leading aluminum distributor in the Midwest based in Milwaukee, Wisconsin. The acquisition complements Ryerson's non-ferrous franchise.
Ariston Holding N.V. acquired Centrotec Climate Systems GmbH (CCS) from Centrotec SE for approximately €700 million in cash and shares. Centrotec will become the second largest shareholder of Ariston.
Welti-Furrer Pneukran und Spezialtransporte AG acquired Fanger Kran AG and Frey + Egle AG, the cranes and transports division of Saxula AG. Financial terms were not disclosed.
An affiliate of Veritas Capital entered into a definitive agreement to acquire Sequa Corporation, parent company of Chromalloy, from funds managed by Carlyle. Financial terms were not disclosed.
The Royal Group, a wholly owned subsidiary of Schwarz Partners, acquired corrugated packaging maker Progress Container & Display, which becomes its 17th manufacturing facility. PMCF acted as exclusive sell-side financial advisor; the deal closed in September 2022 and was reported on November 3, 2022.
Max Solutions acquired Ellis Group, a family-owned folding carton packaging manufacturer based in Pickering, Ontario, in September 2022. Terms were not disclosed.
The Lee Company has acquired TTP Ventus Limited, a Cambridge-area UK maker of micropumps and pump modules, from TTP Group. The business, renamed Lee Ventus, will remain in the UK as Lee's first international production unit.
Stora Enso is acquiring Dutch corrugated packaging producer De Jong Packaging Group in a deal worth about €1 billion, adding 17 sites in the Netherlands, Belgium, Germany and the UK.
DXP Enterprises announced on September 2, 2022 its acquisition of Sullivan Environmental Technologies, a Kentucky-based manufacturer of pumps, valves and process equipment serving water and wastewater markets in Indiana, Kentucky and Ohio. Financial terms were not disclosed.
Faerch Group has acquired packaging maker PACCOR. The combined group has more than 30 production sites and around 6,000 employees across Europe, the US and Asia.
PCX Aerosystems acquired Pacific Contours Corp., a manufacturer of specialized components and assemblies for military aircraft and space vehicles, based in Anaheim, California.
StoneAge, Inc. acquired Terydon, Inc., an industrial cleaning and water-blasting manufacturer known for automated solutions, on August 31, 2022.
Heat pump manufacturer CTC acquired the adjacent property at its headquarters in Ljungby, doubling production space. The property includes 19,000 sqm for production and warehouse, and 4,000 sqm for offices.
MechCan Inc. announced a partnership with Mike Barry, owner-operator of Comfort Zone Heating, Air Conditioning & Plumbing in Cobourg, Ontario. Comfort Zone will continue to operate under its local brand, and Mike Barry remains a significant shareholder and becomes a shareholder of MechCan.
U.S. Tsubaki Power Transmission, LLC purchased ATR Sales Inc., manufacturer of ATRA-FLEX premium flexible couplings, based in Santa Ana, California. The acquisition expands U.S. Tsubaki's North American manufacturing capabilities for industrial couplings.
Convergix Automation Solutions, backed by Crestview Partners, completed the acquisition of AGR Automation, a UK-based provider of custom automation design and systems integration for life sciences. Financial terms were not disclosed.
VINCI Energies has acquired De Jong Engineering, a Dutch specialist in robotics and cobotics for the food and beverage sector, with 18 employees. The acquisition strengthens VINCI Energies' industrial portfolio in mechatronics, robotics, and cobotics.
Manitou Group has acquired the intellectual property of ATN Platforms, a French specialist in aerial work platforms, in a judicial recovery procedure. The acquisition includes expertise from about a dozen ATN Platforms employees based in Tonneins, France.
Bouygues and Equans have agreed to withdraw one of their bids for a £250 million HS2 catenary systems contract to resolve competition concerns raised by the CMA regarding their impending merger. An independent firm, Ingerop, will evaluate the bids to determine which remains.
Global Amines Company Pte. Ltd., a 50-50 joint venture of Clariant and Wilmar, signed a definitive agreement to acquire the Global Quats and Esterquats Business from Clariant for USD 113 million. The acquisition is expected to close in the first half of 2023.
Shareholders of Silicon Motion Technology Corporation approved the merger agreement under which MaxLinear, Inc. will acquire Silicon Motion. The transaction is subject to customary closing conditions, including approval from the State Administration for Market Regulation of China.
Renesas Electronics Corporation has entered into a definitive agreement to acquire Steradian Semiconductors Private Limited, a fabless semiconductor company based in Bengaluru, India, that provides 4D imaging radar solutions. The all-cash transaction is expected to close by the end of 2022.