Ritchie Bros. received U.S. Department of Justice approval to complete its $758.8 million acquisition of online auctioneer IronPlanet.
Homag Group won a major contract from Chinese furniture maker Oppein, ordering 307 stand-alone machines valued at over €30 million.
VINCI Energies in the Netherlands reached an agreement to acquire all operations of Verkerk Group, including Verkerk Elektrotechniek, Verkerk Industrial Services, and Verkerk Service Systems, strengthening its industrial and building services portfolio.
Voith Paper will supply Sun Paper with two new XcelLine papermaking lines, PM 36 for low-grammage high-grade Testliner and PM 37 for corrugating medium paper. Start-up is planned for July to September 2018, with capacities of 400,000 and 300,000 metric tons.
HVC Group broke ground on a factory to produce mechanical equipment and water treatment equipment, and a warehouse, in Khoai Chau district, Hung Yen province. The project has a total investment of over USD 4 million and covers 36,955 m2.
Luxempart S.A. and Nomainvest SA jointly acquired a 49.9% stake in RATTAY Metallschlauch- und Kompensatorentechnik GmbH from S-UBG Gruppe AG on May 23, 2017. Luxempart acquired 39.9% and Nomainvest 10%.
LOESCHE will deliver 18 vertical roller mills to Sinoma CDI for the new Beni Suef cement plant in Egypt, with six production lines totaling 36,000 t/day capacity, to be operational by end of 2017.
Shijiazhuang Kangpusi Compressor Co. held a groundbreaking on 23 May 2017 for a new 120 million yuan plant in Luancheng, Shijiazhuang, Hebei. The 18-month project will make permanent magnet variable-frequency and mobile air compressors, with annual output of over 7,000 units.
China Railway Construction broke ground on a 1 billion yuan ($148 million) high-end equipment manufacturing base in Baotou, Inner Mongolia. The facility will produce tunnel boring machines and concrete segments for metro and underground pipe gallery projects, creating 500 jobs.
Multivac is building a €20 million ($22 million) factory in Bozhurishte, Bulgaria, with the first phase of the 20,000m² facility to be completed in August 2017. The site will produce parts and components for packaging machines.
Mitsubishi Materials Corporation completed the acquisition of Luvata's Special Products division from funds managed by Nordic Capital. The transaction closed on May 2, 2017, and aims to accelerate MMC's global copper-processing business expansion.
Keane Group Inc. announced a deal to purchase RockPile Energy Services LLC for $284.5 million. The acquisition is expected to be completed by the end of July 2017.
Bre Pettis has acquired Other Machine Co., maker of the Othermill Pro CNC milling machine, from Dr. Danielle Applestone and her team.
Dalian Machine Tool Group will form a joint venture with Gazdevice (owned by Gennady Timchenko) to build a high-precision machine tool plant in the Moscow region. The project investment is 11 billion rubles (about $196 million) by 2020. Dalian will hold 49%, Gazdevice 51%. Production capacity will reach 5,000 machines per year by 2020.
Chongqing Machine Tool Group signed a contract with Shaanxi Fast Gear (Fast Gear) for nine YS3126CNC6 high-speed dry gear hobbing machines. This is the first batch sale of Chinese-made dry hobbing machines to a major automotive gear manufacturer.
Infore Holding and three other investors have paid 11.6 billion yuan for an 80% stake in Zoomlion Environmental, with Infore Holding acquiring a controlling 51% for 7.4 billion yuan.
MAN Diesel & Turbo will deliver two compressor trains to Dangote Oil Refining for its refinery in the Lekki Free Trade Zone of Lagos, with delivery in 2018.
Swedish steelmaker SSAB has ordered MAN Diesel & Turbo's latest MAX1 axial compressor technology for its operations.
MAN Diesel & Turbo is investing in a 3D printing centre at its turbomachinery works in Oberhausen, Germany, to make gas turbine components such as guide vane segments.
Elliott Group announced it was awarded a contract to supply 22 compression trains and 28 casings for Hengli Petrochemical's integrated refining and petrochemical complex under construction in Dalian, China. The units will be built in Japan and the USA.
Société Ivoirienne de Levage (Sil) will build a crane manufacturing plant on one hectare in Azaguié, Côte d'Ivoire. The facility is expected to be operational in August 2017, with first cranes produced by mid-November 2017.
Rolls-Royce secured a contract from Brazilian ship owner CBO to fit a new hybrid dual draglink subsea crane, rated to 50 tonnes, onto the offshore vessel CBO Manoella during its retrofit. Delivery is scheduled for Q3 2017.
Velan will supply high-pressure gate, globe and check valves for two EPR reactors at Hinkley Point C in Somerset, UK, under contracts worth about US$55 million recorded in the fourth quarter of fiscal 2017. Delivery is scheduled for 2019-2021.
Procemex will deliver integrated web inspection and web monitoring systems for BillerudKorsnäs' board machines in Gruvön and Gävle, Sweden. The Gruvön system is for a new board machine (BM7) with an annual capacity of 550,000 tons, part of a €585 million investment; the Gävle system starts up in October 2017.
Rittal laid the foundation stone for a new production plant for compact enclosures in Haiger, Germany, and plans to upgrade plants in Rittershausen and Hof. Total investment is €250 million, the largest in the company's history.
Baotuo Paper Machinery received orders from Mancheng Yongxing Paper for two 20,000tpy tissue machines and from Mancheng Yongli Paper for one 12,000tpy tissue production line, all in Baoding, China. Start-up is scheduled for early 2018.
Velan Inc received contracts worth US$55 million to supply safety-related valves for third-generation nuclear reactors at Hinkley Point C in the U.K., with delivery scheduled for 2019-2021.
Hitachi Zosen completed the relocation and construction of a new factory for Zhenjiang CRSS Hitachi Zosen Machinery, a joint venture with CRSS Power, in Zhenjiang City, Jiangsu Province, China. The factory will manufacture marine engine parts and steel structures for industrial machinery.
Atlas Copco held the grand opening of its $25 million production facility in Rock Hill, South Carolina, which employs more than 300 and makes generators and portable compressors for construction.
Denmark-based Mikro Matik signed a contract to move its Beijing factory to Tianjin Wuqing Development Zone as its sole China factory and R&D base. The project involves a 200 million yuan investment in a 4,000 sqm leased workshop, producing beer key spears, distributors, wine heads, and beer coolers.
Quant Finland Oy and Porkka Finland Oy have signed a partnership agreement to outsource maintenance of Porkka's Ylöjärvi mill to Quant, effective June 1, 2017.
FANUC opened a new £19 million, 10,000 m2 headquarters in Coventry, UK, at Ansty Park. The facility is four times larger than its former plant and brings design, research, manufacturing and sales under one roof. Over 100 staff have moved in, with plans for further growth.
The startup Zuse Holding has purchased the Maschinenfabrik in Mosbach-Diedesheim from the Taiwanese Fair Friend Group (FFG). All approximately 200 employees, including 15 apprentices, will be taken over. The facility will continue operations under new ownership.
Nordic private equity fund Altor Fund IV agreed to acquire Tresu Group, a Danish maker of flexographic inline printing machines, from majority owner Erhvervsinvest II. The sale and purchase agreement was signed on May 11, 2017.
Danfoss has placed an order with AP&T for a complete production solution for manufacturing heat exchanger plates at its factory in Haiyan, China. The investment will increase production capacity to meet growing demand.
Funds advised by Triton have signed an agreement to acquire WernerCo, a manufacturer of access products and fall protection equipment. Terms were not disclosed. The transaction is subject to regulatory approval.
German company Niles-Simmons-Hegenscheidt (NSH) signed an agreement with the Moscow government to build a machine tool manufacturing plant in Zelenograd, with an investment of about 750 million rubles, creating over 150 jobs. Construction is set to start by the end of 2017.
Samsung Heavy Industries awarded TMC Compressors a contract to supply a marine compressed air system for a 170,000 m3 FSRU being built for Hoegh LNG, with options for three more FSRUs; contract value undisclosed.
Orenburgsky Radiator, part of UMMC, will invest 75 million rubles in 2017 to expand its aluminum heat exchanger production line. The expansion includes a new automated sintering line and other equipment.
Electrolux is expanding its existing manufacturing facility in Anderson County, South Carolina, with a capital investment of more than $200 million. The project will add 800,000 square feet for manufacturing capacity and warehousing, with construction starting in summer 2017 and continuing through 2019.
Fong's National Engineering (via subsidiary Fong's National Engineering (Shenzhen)) received an exclusive, non-transferable license from AUTEFA to use and develop technology for manufacturing high-power pre-shrinkage loose drying products, and to sell to customers outside the nonwovens market globally. AUTEFA also granted a non-exclusive right to use the STRAHM trademark.
Alstom was awarded a firm order by Metrolinx to supply 61 Citadis Spirit light rail vehicles for the Greater Toronto and Hamilton area, valued at over 355 million euros (CA$529 million).
thyssenkrupp Elevator inaugurated a new Multi-Purpose Facility in Chakan Industrial Area, Pune, Maharashtra, India, for manufacturing elevators, with an investment of 3 billion rupees (44 million euros). The 20,000 sq.m. facility has an initial capacity of 6,000 elevator units, extendable to over 10,000.
Kinshofer GmbH acquired more than 96% of the LLC Units of Solesbee's Equipment and Attachments, LLC. The acquisition adds new product segments like excavator thumbs and mechanical pulverizers, and improves Kinshofer's distribution in the United States.
The Sterling Group, a private equity firm, acquired Time Manufacturing Company from O'Flaherty Holdings Limited. Time Manufacturing, based in Waco, Texas, is a global designer and manufacturer of vehicle-mounted aerial lifts for telecom and electric utility markets.
Söderberg & Haak Kvänum AB will establish a new facility in Falköping, Sweden, including workshop, spare parts, and machinery sales, with about six employees initially, taking possession on October 1, 2017.
Engcon, a manufacturer of tiltrotators for excavators, inaugurated a new factory in Strömsund, Sweden, to meet increased demand and shorten delivery times. The expansion has created new jobs.
Sanlian Hongpu signed a contract worth 200 million yuan ($29 million) with Shanxi Lu Bao Xing Hai New Materials to provide technology, equipment and services for a 100,000-ton-per-year PA6 polymerization project.
Meyer Canada announced it has entered into an agreement to acquire the manufacturing and wholesale distribution operations of Padinox Inc., located in Prince Edward Island, Canada. The acquisition provides Meyer with Canadian manufacturing capability for cookware.
Paulaner Brauerei invested around EUR 300 million in a new brewery in Munich-Langwied, which is now the most modern brewery in Europe with a capacity of up to 3.5 million hectoliters of beer. Johnson Controls planned and installed the cooling system.