Soiltech AS has completed the acquisition of 100% of the shares in Sorbwater Technology AS, a provider of water treatment solutions for the oil and gas and aquaculture industries. The transaction is subject to approval at an extraordinary general meeting on September 2, 2022.
Stow Robotics, the warehouse automation business unit of stow Group, has acquired a majority stake in iFollow SAS, a collaborative autonomous mobile robot company based in Paris. The acquisition is backed by The Blackstone Group, stow Group's majority shareholder.
Ambipar Group, a global environmental service provider, has acquired Ridgeline Canada Inc., a Canadian-based environmental service provider. Ridgeline will serve as a platform company for Canadian service offerings and eventually transition to the Ambipar brand.
Private equity firm NORD Holding acquired a majority interest in Heizkurier Group, a provider of mobile heating and cooling solutions based in Wachtberg, Germany, from Odewald KMU. The existing management and founders will remain involved.
Hanmi Group's holding company Hanmi Science decided to absorb its affiliate Hanmi Healthcare to simplify governance and maximize growth in food supplements and medical device business. The transaction is scheduled to be completed by early November 2022.
Sterimed, a medical sterilization packaging manufacturer, signed a definitive agreement to acquire Fujian Jinyu New Material Technology, a Chinese manufacturer of high-end technical films for medical packaging. The acquisition reinforces Sterimed's industrial and technological footprint in Asia.
Platte River Equity announced the acquisition of Belt Power, a distributor and fabricator of conveyor system components, from Shorehill Capital.
eBay has acquired the myFitment group of companies, including myFitment, LLC and Illumaware, LLC, a software solution provider for automotive parts sellers.
Precision Aviation Group has entered into a definitive agreement to acquire PTB Group, an MRO provider for Pratt & Whitney PT6 and Honeywell TPE331 engines, for an undisclosed amount. The deal is expected to close in Q4 2022.
Swedish steel company SSAB announced the acquisition of Mexican special steel producer Astralloy, which specializes in wear-resistant steel, to expand its presence in Latin America.
SNT Energy acquired the source technology, including basic design programs and intellectual property rights, for heat recovery steam generators (HRSG), waste heat boilers (WHB), and once-through boilers (OTB) from US company Harman Delta T.
Austin Engineering has entered into a binding agreement to acquire Australia-based mining equipment manufacturer Mainetec Pty Ltd for an initial A$19.6 million ($13.4 million), with additional earn-out payments possible. The acquisition adds Mainetec's Hulk range of mining buckets to Austin's offering.
OpenGate Capital has entered exclusive negotiations to acquire Extol from MCH and Fernando Busto. The acquisition is part of a strategy to create Aluminium Solutions Group (ASG), combining Extol with Aluminium France Extrusion. ASG will have four plants in France and Spain, employing around 800 people.
Blackford Capital has sold Quality Aluminum Products (QAP) to Gibraltar Industries. QAP manufactures aluminum and steel products for wholesale markets in the US.
Grundfos has entered into an agreement to acquire Eurowater, a Danish water treatment company serving European industrial and municipal sectors. The transaction is subject to regulatory approvals and expected to close in autumn 2020.
TRIMET Aluminium SE sold its 25% stake in Bohai TRIMET Automotive Holding GmbH to majority shareholder Bohai Automotive Systems Co., Ltd., completing the divestiture of its Automotive division.
Grundfos and De Nora have signed an agreement for De Nora to acquire 100% of the shares of ISIA S.p.A., including its chlorine dioxide generator technology and intellectual property. The transaction is expected to close shortly.
Elevate Experts Corp., which owns Process and Water, has acquired Ultrafiltronics, a specialist in high purity water systems for biotech and pharma. Ultrafiltronics will continue to operate independently from its Randolph, MA location.
Yulista, an aerospace and defense component manufacturer, has acquired StraitSys, a provider of big data analytics, IT services, and cybersecurity. Financial terms were not disclosed.
UK-based environmental technology company Arq and NASDAQ-listed Advanced Emissions Solutions (ADES) agreed to merge. ADES shareholders will receive up to USD 10 million in cash and retain 47.4% to 49.5% of the combined company, alongside a USD 20 million equity placement from Arq investors.
Kinderhook Industries has agreed to acquire environmental solutions firm Tank and Pump for $323 million. The transaction is expected to close in the third quarter of 2022.
Hudson Resources Inc. and Neo Performance Materials Inc. announced a binding agreement for Neo to acquire an exploration license covering the Sarfartoq Carbonatite Complex in southwest Greenland. The project hosts neodymium and praseodymium deposits for rare earth permanent magnets.
SEMIKRON and Danfoss Silicon Power joined forces to establish Semikron Danfoss, a new leader in power semiconductor modules. Danfoss is the majority owner, and the business will retain main locations in Nuremberg and Flensburg, Germany.
Steel Dynamics and Unity Aluminum closed a joint venture arrangement for Steel Dynamics to construct and operate a new 650,000-tonne aluminum flat rolled mill. Capital investment is estimated at $1.9 billion, with commercial production planned to begin in Q1 2025.
Kinderhook agreed to buy environmental solutions company Tank and Pump for $323 million. The transaction is expected to close in the third quarter of 2022.
Bessemer-backed Tencarva Machinery Company acquired Fischer Process Industries, a distributor of pumps, valves and process equipment headquartered in Loveland, Ohio. Financial terms were not disclosed.
NSI Industries LLC acquired Sealed Unit Parts Co. Inc. (SUPCO), a designer and manufacturer of HVAC parts and components based in Allenwood, New Jersey. The acquisition broadens NSI's product offering in HVAC categories.
Turkish textile manufacturer Kordsa acquired a 60% stake in Italian carbon fiber composites maker Microtex Composites for USD 25 million, expanding its composites business in the European luxury vehicle segment.
Italian aerospace group Magnaghi Aeronautica Group has acquired Five Valleys Aerospace, the holding company of Nu-Pro and Stanmar, for an undisclosed sum. The deal strengthens MA Group's presence in the UK aerospace market.
SK Innovation and SK Energy acquired a controlling stake in US energy company Atom Power for $150 million. Atom Power specializes in semiconductor-based circuit breakers for EV chargers.
CIC Partners and Juniper Capital acquired Dallas-based Applegate EDM, LLC and Irving-based Icon Machine Co. and united them under a new platform called Precision Aerospace Holdings.
Advanced Emissions Solutions, Inc. (ADES) entered into a definitive merger agreement with Arq Limited to combine their businesses. ADES shareholders will retain at least 47.4% of the combined company, and a concurrent equity placement of $20 million from Arq investors is planned.
Chinese carton maker Greatview Aseptic Packaging signed an agreement to acquire the assets of Alternapak Production srl, an idled aseptic carton plant in San Pietro in Gu, Italy. Production is expected to restart toward the end of 2022, making it Greatview's fifth plant globally.
According to people familiar with the matter, US private equity firm Bain is in acquisition talks to buy Parksons Packaging, an Indian folding color box maker, for about 30 billion Indian rupees. Credit Suisse is reportedly advising, and a deal could close within three months.
ABM Industries has acquired RavenVolt, a microgrid systems provider, for a maximum purchase price of $450 million including $170 million cash at closing and up to $280 million earn-out based on EBITDA targets.
JFE Shoji Corporation and its subsidiary JFE Shoji America Holdings entered into a definitive agreement to acquire all outstanding shares of California Expanded Metal Products Co. (CEMCO) from the Poliquin family. The transaction is expected to close in late September 2022.
Sumitomo Riko Company Limited agreed to acquire an additional 20% stake in Donghai TIP Auto Parts (Shanghai) Co., Ltd. from Shanghai TIP Auto Parts Co., Ltd. for CNY 15.8 million, increasing its ownership to 80%.
Heads Up Technologies, a manufacturer of lighting systems and flight deck safety products, has acquired STG Aerospace, a manufacturer of aircraft cabin lighting products based in Cwmbran, UK and Miami, FL.
The Competition Commission of India approved Katsura Investments' acquisition of up to 40% equity in Varmora Granito Private Limited and related entities, along with Varmora Granito's acquisition of ownership in Renite and Simola.
The Administrative Council of Economic Defense (CADE) approved without restrictions the acquisition of LafargeHolcim (Brasil) S.A. by CSN Cimentos S.A., a subsidiary of Companhia Siderúrgica Nacional (CSN). The acquisition adds 10.3 million tons per year of cement production capacity.
Vulcan Materials Co. acquired Syar Industries Inc., a construction materials producer in northern California, offering aggregates, recycled materials, hot-mix asphalt and ready-mixed concrete.
Kingspan, an Ireland-based global leader in advanced insulation and building envelope solutions, acquired Derbigum, a Belgium-based manufacturer of ecological and sustainable roofing products.
Danish tanker shipping company TORM has bought a 75% ownership stake in scrubber supplier ME Production from founder Jens Peter Faldt, who retains the remaining 25%.
Apex Companies announced the acquisition of Engineered Handling, a storage and warehouse equipment supplier based in Charlotte, North Carolina. The combined company will operate under Apex Warehouse Systems, expanding Apex's footprint in the Mid-Atlantic and Southeast U.S.
Merck signed a definitive agreement to acquire the chemical business of Mecaro Co. Ltd., a Korean manufacturer of chemical precursors for semiconductors. The acquisition includes a production facility in Eumseong and an R&D lab in Daejeon.
ITT's Compact Automation acquired Clippard Instrument Laboratories' interchangeable pneumatic cylinder product lines, expanding its air cylinder and actuator offering, announced in mid-August 2022.
Aegis Flow Technologies and Richter Pumps and Valves Inc. completed their merger on August 1, 2022, and the pumps and valves are now sold under the Richter Chemie-Technik brand from Geismar, Louisiana.
AP4 Group has acquired GTC Control Solutions, a supplier of control system replacement parts, component testing, and repair services for power generation and industrial automation. GTC will operate as a subsidiary of AP4.
The main shareholder of Figeac Aero has agreed to sell a minority stake in the company to Tikehau Ace Capital. Figeac Aero manufactures aeronautical parts and sub-assemblies.
Infineon has acquired 100% of Berlin-based startup Industrial Analytics, a specialist in AI-powered analysis of machinery and industrial equipment. The transaction amount was not disclosed.