Motor Magnetics Inc. announced the acquisition of Fisher Electric Technology's assets, including R&D and intellectual property for Fisher Alternators and Fisher Generators.
Navitas Semiconductor Corporation announced the acquisition of VDD Tech, a Belgian creator of advanced digital-isolators for next-generation power conversion. The acquisition expands Navitas' high-power semiconductor capabilities for consumer, motor drive, solar, data center, and EV markets.
Capital Power Corporation and Manulife Investment Management announced the acquisition of 100% of MCV Holding Company, which owns the 1,633 MW Midland Cogeneration Venture in Michigan, from OMERS for US$894 million including debt assumption. The transaction is expected to close in Q3 2022.
Fedrigoni reached an agreement to acquire Turkish company Unifol, an Istanbul-based manufacturer of PVC films for vehicle wrapping, to strengthen its presence in the self-adhesive materials market.
Ross-shire Engineering (RSE) acquired a majority stake in GPS, a Bristol-based motor control centre manufacturer, to bolster its power distribution and controls systems portfolio.
AkzoNobel has reached an agreement to acquire the wheel liquid coatings business of Lankwitzer Lackfabrik GmbH.
Altair announced the acquisition of Concept Engineering, an electronic system visualization company based in Freiburg, Germany. Concept Engineering's software will be integrated into Altair's Electronic Systems Design family of tools.
Bostik, an Arkema company, has completed the integration of Ashland's Performance Adhesives business, which it acquired four months earlier. The integration reorganizes Bostik's operations into four market-focused units.
A-Gas, a global leader in refrigerant supply and lifecycle management, has acquired US refrigerant recovery and reclamation company Certified Refrigerant Services. The acquisition expands A-Gas's presence in the USA.
Safran Electronics and Defense agreed to acquire Orolia, a positioning, navigation and timing specialist. Terms were not disclosed.
Center Rock Capital Partners acquired Power Services Group, a provider of turbine generator MRO services for power, industrial and petrochemical markets. The company is headquartered in Cape Coral, Florida.
Mutares SE & Co. KGaA completed the acquisition of Sealynx International and its subsidiaries from GMD Group. Sealynx, headquartered in Charleval, France, manufactures rubber and thermoplastic sealing solutions for automotive, with revenues over EUR 60 million and 700 employees.
Mauna Kea Technologies and Tasly Pharmaceuticals formed a joint venture to develop, manufacture and commercialize Cellvizio in China and globally for neurology and neurosurgery. Mauna Kea will receive $10 million in cash, a 44.1% equity stake, and a 5-year purchase commitment.
mateco, a Spanish aerial platform and forklift rental company, acquired 100% of Meifus Machinery SA, which operates Elevaciones RAMA, a leading aerial platform rental company in Galicia, Spain. The acquisition adds a fleet of over 1,500 units and 65 employees.
Aerospares 2000, an Acorn Growth Companies portfolio company, completed its merger with Sentry Aerospace Corporation, creating a leading independent stocking distributor of high-value commercial aircraft rotable components.
Arteche has acquired 100% equity stake in Esitas, a Turkish transformer manufacturer with factories in Turkey and Indonesia, marking the first M&A deal in the Turkish transformers market.
Finland-based process technology house Roxia has partially acquired German filter manufacturer Aquachem to secure access to its filter press technology and deepen cooperation.
Wipro PARI, the industrial automation business of Wipro Infrastructure Engineering, signed a definitive agreement to acquire Hochrainer GmbH, a family-owned automation technology supplier based in Freilassing, Germany. Financial details were not disclosed.
The Sherwin-Williams Company completed the acquisition of Dur-A-Flex, Inc., a resinous flooring coatings company, effective July 1, 2022.
Menasha Packaging Company has finalized its acquisition of Color-Box, the corrugated packaging business unit of Georgia-Pacific. Color-Box employs 550 people and operates plants in Richmond, Indiana; Pelahatchie, Mississippi; and Madera, California. Terms were not disclosed.
Electric propulsion company Evolito has acquired aerospace battery company Electroflight as a wholly owned subsidiary to accelerate electric aviation powertrain development.
Hypercraft Inc. acquired Stealth EV, a company specializing in performance EV design, engineering, and manufacturing, including the Stealth Drive electric motor.
Miner, the dock and door division of OnPoint Group, has acquired New Jersey Door Works (NJDW), a commercial dock and door company serving the New York-New Jersey industrial property market. The acquisition expands Miner's national footprint.
Autodistribution (Grupo PHE), through AD Parts Intergroup, has acquired 75% of the capital of Auto Recambios Vilber and AD Levante, both AD Parts partners in Valencia and Castellón, respectively. The combined revenue of the two companies was nearly 40 million euros in 2021.
Daikin Applied Americas Inc. announced it has taken a majority interest in CM3 Building Solutions, a Philadelphia-based building automation and services provider, to expand its HVAC and building systems capabilities.
BYD Semiconductor acquired a 77.75% stake in ENERGEN, a Chinese power semiconductor company in Jinan, Shandong, for 5 billion yuan (USD 774.8 million). ENERGEN was established in 2018 but has not yet started semiconductor manufacturing.
Private equity firm Pfingsten has sold packaging company Oliver Inc to Tenex Capital. The article does not disclose the deal value or location.
Tenaris S.A. agreed to acquire 100% of Benteler Steel & Tube Manufacturing Corporation for US$460 million, including US$52 million of working capital. The facility has an annual capacity of 400,000 metric tons of seamless steel pipe.
Mitsui & Co. agreed to acquire additional shares in Position Partners, increasing its stake from 20% to 50%+1 share, making it a consolidated subsidiary. The deal aims to expand Mitsui's solutions business for construction and mining digitization.
GE Gas Power announced its intention to acquire Nexus Controls, a Baker Hughes business specializing in aftermarket control system upgrades and field services, to create a full-service controls business. Financial terms were not disclosed.
DGL Group, an Australian chemicals and hazardous waste company, acquired Flexichem Australia, a water treatment manufacturer based in Adelaide, for $6.2 million. The acquisition adds 1,200 tonnes of chemical manufacturing capacity and a strategic base in South Australia.
Swedish hygiene products maker Essity agreed to buy Australian leakproof apparel maker Modibodi for 985 million Swedish crowns ($93.7 million).
PKN Orlen has signed an agreement to acquire the LDPE production and marketing business from Basell Orlen Polyolefins, with a production capacity of 100,000 tonnes per year. The deal is expected to close by the end of 2022.
Sany International's 65%-owned subsidiary Sany Robot will acquire 100% of Sany Robot Equipment (Xi'an) Co., Ltd. from Sany Heavy Equipment and Sany Construction Industry for a total consideration of ¥30.602 million. The acquisition aims to integrate robot and automation equipment R&D, manufacturing and sales within the group.
UK private equity firm Inflexion Private Equity Partners led a buyout of SteriPack, a provider of product life-cycle management and integrated packaging services. The deal is intended to fund global expansion and further acquisitions.
Voith has signed a purchase agreement to acquire IGW Rail, a Czech-based specialist in gear units for rail vehicles, from BMT Group. The acquisition will make Voith one of the world's largest independent manufacturers of rail vehicle gear units and transmissions. The deal is expected to close by Q4 2022.
Ovivo Inc. has acquired Wastech Controls & Engineering, LLC, a California-based provider of industrial wastewater treatment systems and automation solutions.
Siment, a subsidiary of Israel Shipyards, will acquire 70% of Onat Pan, the largest importer of gypsum boards in Israel, for ILS 6.7 million.
Coats has acquired Texon International Group, a Hong Kong-based provider of structural component solutions for the footwear industry.
The Koenig Group has acquired Vulganus Oy, a Finnish provider of spiral processes for the bakery and food industry, based in Nastola, Finland.
Sennheiser acquired Swiss company Merging Technologies and German studio specialist Neumann.Berlin, integrating them under the Sennheiser group to expand Neumann's audio solutions.
Coats Group signed a definitive agreement to acquire 100% of Texon International Group, a developer of structural component materials for footwear, for an enterprise value of US$237 million. The acquisition is expected to generate annual synergies of approximately US$5 million.
Acumed, a Colson Medical | Marmon | Berkshire Hathaway company, has acquired ExsoMed, a provider of innovative solutions for hand surgery. The acquisition enhances Acumed's portfolio of upper extremity solutions.
IPS, a North American leader in industrial and commercial power solutions, acquired Tampa Armature Works, Inc. (TAW), including all eleven TAW locations serving the Southeastern U.S., Caribbean, South America, and internationally.
Paper Excellence Group, through Domtar, agreed to acquire all outstanding shares of Resolute Forest Products for $20.50 per share plus a contingent value right tied to potential duty deposit refunds of up to $500 million. Resolute will remain a subsidiary operating under its own name.
Spirax-Sarco Engineering entered exclusive negotiations with Qualium to acquire the Vulcanic Group, a Paris-based industrial electric heating maker, for €261.7 million on a cash and debt-free basis. The deal is expected to complete after regulatory approvals in the third quarter.
Baker Hughes acquired Mosaic Materials Inc. to develop and scale its metal-organic framework carbon capture adsorbent technology for stationary sources and direct air capture.
Ferguson Industrial acquired AP Supply Co., a distributor of industrial pipe, valves and fittings headquartered in Texarkana, Arkansas, with locations in El Dorado, Arkansas and Bastrop, Louisiana.
Valmet finalized the merger with Neles, combining Neles brands such as Neles, Jamesbury and Flowrox into its Flow Control business line for process industries.
Interstate Companies has reached an agreement to purchase the assets of Lodi Truck & Equipment in Sacramento, CA. Financial details were not released.