Sandvik has signed and completed an agreement to acquire 100% of the equity interests in Switzerland-based Sphinx Tools Ltd and its subsidiary P. Rieger Werkzeugfabrik AG. Sphinx Tools offers precision solid round tools (micro tools) and surgical cutting tools, with customers in automotive, aerospace and medical segments.
US family-owned conglomerate J.M. Huber has signed a binding agreement to buy Italian fertiliser maker Biolchim from NB Renaissance and Chequers Capital. The deal is valued at about €600 million ($610 million).
Nijhuis Saur Industries acquired PWNT Holding B.V., a drinking water purification technology developer, from North Holland drinking water company PWN.
The SEER Group acquired a majority stake in Evergreen Gas, Heating & Cooling in Sherwood, Oregon. This is the 27th acquisition for The SEER Group and its seventh in 2022. Evergreen will retain its brand and leadership.
Stratasys signed a definitive agreement to acquire Covestro's additive manufacturing materials business for approximately EUR 43 million plus a potential earnout of up to EUR 37 million. The deal includes R&D facilities, a portfolio of about 60 materials, and an extensive IP portfolio.
Demolition specialist John F Hunt Group has acquired Morris Machinery, including exclusive rights to sell Denyo products in the UK. The deal was struck in Japan for an undisclosed sum, and the business will be relocated to Shrewsbury, Shropshire.
Avacare Health Australia, a subsidiary of the South African Avacare Group, has acquired Sydney-based Vitramed Pty Ltd, a distributor of gastrointestinal medical devices. The acquisition aims to leverage Vitramed's distribution networks in eastern Australia.
Nordson Corporation has signed a definitive agreement to acquire CyberOptics Corporation for approximately $380 million net of cash acquired, or $54.00 per share. The acquisition expands Nordson's semiconductor test and inspection capabilities.
Atlas Copco and Nikkiso reached agreement for Atlas Copco to acquire 100% of pump maker LEWA GmbH and Geveke bv. Geveke will continue as an independent company within Atlas Copco's Power & Flow division.
EUKALIN Corporation acquired 100 percent of the assets of Adhesives Specialists, Inc., a US maker of water-based and hotmelt adhesives, including its building in Allentown, Pennsylvania. The deal was announced on August 8, 2022, and no value was disclosed.
FloWorks International, backed by Clearlake Capital, acquired Flotech, a distributor and servicer of industrial valves founded in 1961 with locations in Florida, South Carolina and Alabama. No financial terms were disclosed.
Tata Passenger Electric Mobility Limited (TPEML), a subsidiary of Tata Motors, signed a Unit Transfer Agreement with Ford India Private Limited to acquire Ford's manufacturing plant in Sanand, Gujarat, for Rs 725.7 crore. The plant has a capacity of 300,000 units per annum, scalable to 420,000 units.
B2B Industrial Packaging, a GenNx360 company, has acquired Springfield Corrugated Box Inc of Agawam, Massachusetts. It is B2B Industrial Packaging's 24th acquisition.
Scholz subsidiary Kaatsch plans to acquire 51% of the shares of Prometall GmbH in Fellbach, Germany. The application is being reviewed by the Federal Cartel Office.
Terex announced the acquisition of ProAll, a Canadian company that produces mobile, volumetric concrete mixers. ProAll will join Terex Advance and Terex Bid-Well in Terex MP's concrete subsegment.
Harrington Industrial Plastics has acquired Commercial Industrial Supply, a distributor of thermoplastic fittings, valves, pipe and filtration products based in Rock Hill, South Carolina.
OMERS Private Equity has signed a definitive agreement to acquire Pueblo Mechanical & Controls, an HVAC and plumbing services provider, from Huron Capital Partners. Financial details were not disclosed.
BRP Inc. acquired an 80% stake in Pinion GmbH, a German gearbox technology company for bicycles and e-bikes, to expand into urban mobility. The announcement was made on 5 August 2022.
A.P. Moller - Maersk reached an agreement to acquire Martin Bencher Group, a Denmark-based project logistics company specializing in non-containerised project logistics. The announcement was made on 5 August 2022.
MAS Holdings acquired a majority stake in BAM Knitting, a fabric manufacturing and finishing operation in Sri Lanka, forming a joint venture to enhance knitting, dyeing, and printing capabilities for cotton fabrics.
Mainline Metals acquired Great South Metals, a provider of galvanized, pre-painted, cold rolled and hot rolled metal products based in Acworth, Georgia. The terms of the transaction were not disclosed.
IGI Private Equity, with co-investment from Unigestion SA, acquired a majority stake in Matec Industries, a designer and builder of industrial wastewater filtration plants based in Massa, Italy. The deal was announced on 4 August 2022.
Tikehau Ace Capital, through its private equity fund Aerofondo, signed an agreement to acquire 100% of Acatec, a Spanish precision machining company for the aerospace industry. The deal is expected to close by September 2022.
Styrenics Circular Solutions acquired Styropek, an expandable styrenics producer based in Houston, Texas. The terms of the transaction were not disclosed.
Alfa Laval announced the acquisition of Desmet, part of the Desmet Ballestra Group, which includes the Rosedowns and Stolz brands. Desmet had a turnover of €300 million in 2021 and will operate as a stand-alone entity within Alfa Laval's food and water division.
Sumitomo Corporation, through Sumitomo Corporation of Americas, acquired 51% of shares of Werner Aero, an aftermarket aircraft spare parts supplier based in New Jersey, USA.
D'Ieteren Group completed the acquisition of Parts Holding Europe S.A. from Bain Capital Private Equity for €1.7 billion enterprise value, with an equity value of €540 million, on August 4, 2022.
Hood Container Corporation has acquired the corrugated packaging business of Kentwood Packaging Inc, including its design, manufacturing, assembly and fulfillment operations in Walker, Michigan. The deal was announced on August 4, 2022.
Walki Group signed a definitive agreement to acquire 100% of Westpak Oy Ab and Flexipack Oy Ab, Finnish flexible packaging producers with about EUR 40 million combined 2021 sales, subject to competition approval. The price was not disclosed.
Empire Equipment Co. acquired Houston-based Greater Texas Ice, a wholesale distributor of commercial foodservice equipment and aftermarket parts, expanding its geography and logistics network to nine distribution locations.
Hydraquip, Inc. announced the merger of its affiliate Elite Controls, Inc. as a division called Hydraquip Electric Systems, to support electrification solutions for mobile equipment.
Nippon Piston Ring Co., Ltd. and Riken Corporation have signed an MoU to establish a joint holding company, NPR-Riken Corporation, via mutual stock transfer, consolidating the two companies on equal terms.
Peak Lifting Solutions has acquired Gulf Coast Crane Services, a crane rental services company based in Corpus Christi, Texas. The terms of the transaction were not disclosed.
ACI Group announced the acquisition of 100% of the shares of Lorentz, a French precision machining company serving aerospace, defense, space and energy sectors. Lorentz has about 60 employees across two sites and will remain under the leadership of Frédéric Lorentz.
EV Technology Group signed a definitive agreement to acquire 76% of Fablink Group, a British Tier 1 supplier and specialist manufacturer, for £29.5 million in cash. Fablink has ~750 employees across seven manufacturing sites and serves electric vehicle demand.
Bio-Rad Laboratories agreed to acquire all shares of Curiosity Diagnostics from Scope Fluidics for up to $170 million, including $100 million in cash and up to $70 million in milestone payments. Curiosity Diagnostics is developing a rapid PCR system for molecular diagnostics.
GMM Pfaudler completed the acquisition of Hydro Air Research Italia, an Italian company specializing in process and wastewater applications and membrane separation technologies, effective August 3, 2022.
Rolls-Royce announced that the Spanish government approved the sale of ITP Aero to a consortium led by Bain Capital Private Equity at an enterprise value of approximately €1.8 billion, completing the disposal programme.
TE Connectivity, a global connectivity and sensor manufacturer, acquired Linx Technologies, a leading supplier of RF components for the Internet of Things, to strengthen its IoT product portfolio.
Electromontaj, a player in the energetic construction market in Romania, acquired a majority package of 82.68% of shares in Electrotehnica Electric Equipment, the oldest Romanian manufacturer of electric equipment, transformers and coils.
The Competition Tribunal unconditionally approved the merger where Bidvest Commercial Products (BCP) acquires the A Square Group, which includes A Square Equipment, A Square Forklifts, A Square Solutions, and Chase Technologies, as going concerns.
BorgWarner acquired Rhombus Energy Solutions, a provider of charging solutions in the North American market, for approximately $130 million at closing, with up to $55 million in contingent payments over three years.
Orica announced a binding agreement to acquire 100% of Axis Mining Technology, a digital orebody intelligence business, for A$260 million upfront cash consideration plus a deferred earn-out up to A$90 million. The acquisition aims to create a leading full-service Orebody Intelligence business.
Caxton subsidiary CTP acquired Amcor's Cape Town bag-in-box and pouching operations and its Port Elizabeth operation for R90 million, effective 1 August 2022 after competition approval.
Colep Packaging has acquired a 40% stake in ALM, a Spanish aluminium aerosol producer, to expand its packaging portfolio, announced August 3, 2022.
Bingshan Refrigeration Technology Co., Ltd. announced it plans to acquire 60% of Panasonic Compressor (Dalian), 100% of Panasonic Refrigeration (Dalian), and 55% of Panasonic Cold System (Dalian) from Sanyo Electric, Panasonic China, and Panasonic Cold Chain. The deal is in early planning stages.
Braskem entered into an agreement to acquire a 61.1% equity interest in Wise Plásticos, a Brazilian mechanical recycling company, for an estimated R$121 million. The investment will be used to double Wise's recycling capacity to about 50,000 tons/year by 2026.
YTL Cement Berhad acquired an 81.24% stake in NSL Ltd, effective 1 October 2024. NSL Ltd is a precast concrete and environmental services group with operations in Singapore, Malaysia, Dubai, and Finland.
The Competition Commission of India approved the acquisition of a 50.1% stake in Sanmina SCI India by Reliance Strategic Business Ventures, a Reliance Industries subsidiary. RSBVL will invest ₹1,670 crore in the joint venture.
Antares Vision Group, through its subsidiary FT System, acquired 100% of Packital Srl and Ingg. Vescovini Srl. The acquisitions strengthen Antares' positioning in food & beverage quality control inspection systems.