SCGP completed the acquisition of 100% of Peute Recycling B.V., the largest packaging materials recycler in the Netherlands, for EUR 78.19 million, adding one million tons per year of recovered paper capacity.
J.H. Fletcher completed its acquisition of the Cannon Mining division of Trident Maritime Systems Heavy Equipment Group. The Cannon equipment portfolio will operate under the new name Cannon Mining Equipment, and parts support and machine assembly will move to J.H. Fletcher's facility in Huntington, West Virginia.
Sandvik acquired Akkurate, a battery solutions supplier based in Kaarina, Finland. Akkurate will become part of Sandvik Mining and Rock Solutions' Load and Haul division.
Protect Medical, a holding company, acquired Productos Metálicos del Bages (Promeba), a Spanish EMS products manufacturer, on July 15, 2022. The acquisition broadens Protect Medical's product range and geographic reach.
Levinsgruppen, a Swedish electrical installations and automation solutions provider, acquired AF Elteknik, an electrical engineering and installation company based in Stockholm. The acquisition strengthens Levinsgruppen's presence in Stockholm and Mälardalen.
XCMG Machinery merged with its controlling shareholder XCMG Co. Ltd. in a 38.686 billion yuan ($5.7 billion) transaction, injecting assets including excavation, concrete, and mining machinery into the listed company.
Nova Steel Inc. completed the acquisition of the assets of Sheffield Steel Products in Macedonia, Ohio. The business will operate as Sheffield Steel Inc., a member of the Nova Steel Group.
Sandvik completed the acquisition of the assets of Peterson Tool Company, a US supplier of custom insert tooling solutions, for an undisclosed amount. The company had 2021 revenues of $9 million.
Knauf plans to acquire outstanding shares of Chiyoda Ute and form a joint venture with a 75% stake, following a tender offer issued in April 2022. Shares will be delisted in late July 2022.
Chemtura acquired Croda International Plc’s shares in Baxenden Chemicals Ltd. for £13 million ($26 million), increasing its stake from 53.5% to 100%.
Seven District has acquired 80% of Kvaser, an industry leading CAN expert providing solutions for vehicle and automation markets.
VisiConsult X-ray Systems & Solutions GmbH announced it has signed an agreement to acquire a majority stake in CT specialist diondo GmbH.
China Foods announced that its subsidiary COFCO Coca-Cola Beverages (China) Investment Co., Ltd. will acquire equity interests in several target companies from Coca-Cola Bottlers Manufacturing Holdings for a total consideration of approximately 544 million yuan, as part of a restructuring.
Dutch corrugated packaging producer De Jong Packaging Group acquired a controlling stake in Wellpappenfabrik Grünstadt-Sausenheim (WSG), a German corrugated sheet and folding box maker founded in 1937. Financial terms were not disclosed and the deal is subject to competition approval.
Australian rail hauler Aurizon's acquisition of One Rail Australia for A$2.35bn was approved by the ACCC, subject to selling or demerging Ora's east coast coal haulage business. The deal is expected to close by end of July 2022.
Rohde & Schwarz acquired Schönhofer Sales and Engineering GmbH (SSE), a provider of analytics solutions and IT systems, as of July 14, 2022. SSE will operate as a wholly owned subsidiary, and the Siegburg site is to be expanded.
BÜFA Reinigungssysteme, part of the BÜFA Group, merged with Dutch TriStar Group and entered a strategic partnership with Swedish MacSerien, expanding its cleaning business in Europe.
Optima Group has invested in Weyhmüller Verpackungstechnik GmbH, a Neu-Ulm-based manufacturer of special machines for producing paper cups and cans for the food industry. The investment was completed in June 2022.
The Crosby Group and KITO Corp. have entered into a definitive agreement for The Crosby Group to acquire all outstanding shares of KITO through a cash tender offer. The transaction is expected to close in the second half of 2022.
Arrowhead Engineered Products has entered into an agreement to acquire all equity of Bihr, a European distributor of parts and accessories for motorcycles, ATVs, bicycles, and scooters. The transaction is expected to close in Q3 2022.
Loar Group has acquired Schroth Safety Products, an Arnsberg, Germany-based designer and manufacturer of occupant safety systems for aerospace, defense, and high-performance consumer industries. The transaction is scheduled to close before the end of July 2022.
Robert Bosch GmbH has acquired Minima Oy, a Helsinki-based provider of near threshold voltage scaling IP solutions for low-power IoT devices. The transaction closed in July 2022.
Schneider Electric acquired EV Connect, Inc. The CEO and founder Jordan Ramer will continue to lead EV Connect as a distinct subsidiary.
Adani Group acquired Holcim's entire stake in Ambuja Cements and ACC through an offshore special purpose vehicle for USD 10.5 billion. The deal includes 23 cement plants and 14 grinding stations.
MHI, a material handling equipment dealer, has acquired IPW, a forklift and warehouse equipment company based in Savannah, Georgia. Financial details were not disclosed.
Shanghai Electric announced it will transfer 132 million shares of Suzhou Tianwo Science & Technology Co., Ltd. to its controlling shareholder Shanghai Electric Holdings Group for CNY 564 million. After the transaction, Shanghai Electric will exit China's onshore solar and wind EPC business, while Tianwo Tech will focus on those domestic markets.
ARCH Medical Solutions Corp. acquired MedTorque, a precision manufacturer of orthopedic instruments and implants with facilities in Kenosha, Wisconsin, and Elmhurst, Illinois, from Parallel49 Equity.
Kalmar, part of Cargotec, will transfer the intellectual property and assets of its heavy crane product line to China's RIC.
Rainbow Heavy Industries' subsidiary Rainbow Industrial plans to acquire Kalmar's port container crane business from Cargotec for €200,000, including intellectual property for €185,000 and a trademark license for €15,000.
Lenbach Equity Opportunities II GmbH & Co. KG, managed by DUBAG-Investment-Advisory-GmbH, completed the acquisition of Schaeffler's global chain drive business. The business will operate under the Catensys brand and includes nine sites with 560 employees.
Flexpak completed its acquisition of ACE Packaging of AZ, a Phoenix-based distributor of corrugated boxes, stretch film, foam and polybags, on July 1, 2022, and announced it on July 14, 2022. The deal expands Flexpak's presence in Arizona and the Mountain West.
The Saica Group, through Saica Pack, acquired a majority stake in Cartonajes Bañeres (CartoBan), an Alicante corrugated cardboard maker, and its wholly owned subsidiary Electro Mariola, which operates a cogeneration plant. The two companies had combined turnover above 26 million euros in 2021.
Pennar Industries, through its subsidiary Pennar GmbH, agreed to acquire 100% of French aerospace machining company Cadnum SARL for EUR 180,000. The deal was signed on July 13, 2022.
Alta Equipment Company acquired Ambrose Equipment, a New England-based asphalt paving equipment dealer. The acquisition expands Alta's road construction equipment portfolio in the region.
Bühler created a joint venture with IMDHER, named IMDHER Bühler, to drive efficiency and sustainability in the feed industry. Bühler acquired a 49% minority stake in the joint venture.
Grundfos has entered an agreement to acquire Mechanical Equipment Company Inc (MECO), a US water purification solutions company. The transaction is expected to close during autumn 2021.
Water Engineering Inc., a portfolio company of Nolan Capital, has acquired American Water Treatment Inc., a provider of water treatment services, chemicals, and consultation based in St. Louis, Missouri.
VDL Groep has acquired GL Plastics, a specialist in plastic injection molding based in Son, Netherlands. All 60 employees will remain, and the company will operate as VDL GL Plastics.
Marcegaglia Group signed an agreement to acquire 100% of Outokumpu's stainless-steel long products division for €228 million. The deal includes steel mills and production plants in the UK, USA, and Sweden, and is expected to close by end of 2022.
Van De Velde Packaging Group has acquired 100% of the share capital of MIBOX, a French manufacturer of packaging machines for corrugated cardboard trays. The acquisition aims to expand Van De Velde's footprint in packaging machines for cardboard packaging.
Chijet Motor Company signed a business combination agreement with Deep Medicine Acquisition Corp., valuing Chijet at $2.55 billion. The deal will provide up to $127.8 million in net proceeds to fund EV development and expansion.
Cadence Design Systems has agreed to acquire data centre design digital twin specialist Future Facilities. Terms were not disclosed.
Keppel Infrastructure has been named preferred buyer of South Korean waste management company EMK Co. and its eight subsidiaries for around $600 million (800 billion won). The deal is expected to be signed as early as next week.
NextEra Water Texas completed the acquisition of a portfolio of 23 water and five wastewater utility systems in eight counties near Houston, Texas, from Quadvest, L.P. The systems serve approximately 2,700 customers.
Outdoor Living Supply, a Minnesota-based company, acquired Norristown Brick, a masonry materials and hardscaping supplier in Montgomery County, Pennsylvania, for an undisclosed price. Norristown Brick employs 13 workers and will continue to be led by its owner Russell Lyons.
OTR Tyres, headquartered in Perth, acquired Titan International's operations in Australia, trading as Titan Australia. The combined group will operate under the OTR Tyres brand, incorporating talent, infrastructure, and intellectual property to become a leading provider of wheel, tyre and axle solutions.
Saur Group, a French water management company and portfolio company of EQT, acquired Aqua-Chem, a water purification specialist based in Knoxville, Tennessee. Terms were not disclosed. Aqua-Chem will become the North American platform and water purification global center of excellence of Nijhuis Saur Industries.
Cattron acquired Tyro Remotes, a Netherlands-based specialist in radio remote controls and wireless emergency stops for mobile equipment, adding a European customer base.
The Middleby Corporation acquired CP Packaging, a manufacturer of advanced high-speed vacuum packaging equipment based in Appleton, Wisconsin, with annual sales of approximately $15 million.
Zollner Elektronik AG acquired the Electronic Manufacturing Services division of Electronic Instrumentation & Technology (EIT), adding three US east coast locations in Salem NH, Leesburg VA, and Danville VA to its manufacturing footprint.