Private equity firm AUCTUS Capital Partners agreed to invest in BMA Braunschweigische Maschinenbauanstalt, a mechanical engineering company, from Salzgitter Maschinenbau. Financial terms were not disclosed.
Nordic Semiconductor has entered into an agreement to acquire Mobile Semiconductor, a U.S. company specializing in embedded memory technology for MCUs and SoCs. The acquisition brings in-house the SRAM technology used in Nordic's wireless IoT devices.
Azelis has reached an agreement to acquire 100% of Chemical Partners and Chempart Polymers' entities in Lebanon and Belgium. The acquisition expands Azelis' footprint in over 30 countries across Africa and the Middle East, with closing expected in Q3 2022.
Cargotec has agreed to transfer its STS and yard gantry crane assets and intellectual property to Rainbow Industries Co Ltd (RIC) in China. Around 40 local Kalmar employees will move to RIC, with the transfer expected from September 2022.
Sherwin-Williams completed the acquisition of the business and assets of Powdertech Oy Ltd, a Finnish distributor of powder coatings and related products, based in Vantaa, Finland.
Sherwin-Williams completed the acquisition of Gross & Perthun GmbH, a German supplier of high-quality coatings, following the initial agreement announced June 9, 2022.
Arkema finalized the acquisition of Permoseal, a leader in adhesive solutions for DIY, packaging and construction in South Africa. Permoseal generated sales of €43 million in 2021 and operates two production plants in the country.
ArcelorMittal completed the acquisition of a majority stake in voestalpine's state-of-the-art HBI (hot briquetted iron) facility in Texas.
Actis, through its platform Bridgin Power, acquired a 49% stake in Shapoorji Pallonji's 220 MW combined cycle gas turbine power plant in Bhola, Bangladesh. The deal is part of a $400 million equity commitment to install at least 1.2 GW of gas power capacity by 2028.
John Bean Technologies Corporation (JBT) acquired Alco-Food-Machines GmbH & Co. KG on July 1, 2022, for $45.1 million. The purchase was funded with cash and borrowings under JBT's revolving credit facility.
Mondi's Turkish corrugated subsidiaries Mondi Tire Kutsan and Mondi Olmuksan merged into Mondi Turkey Oluklu Mukavva, effective 30 September 2022. The announced merger operates nine corrugated plants, a containerboard mill in Tire and a waste paper facility in Adana.
Bosch Rexroth, a Bosch subsidiary based in Lohr am Main, Germany, agreed to acquire US hydraulic valve maker HydraForce, with the purchase price undisclosed and subject to antitrust approval. The contract was signed on 15 July 2022.
Germany's Duker acquired Strate of Sarstedt, a manufacturer of sewage pumping stations, non-return valves and aeration valves for municipal and industrial use, in July 2022.
McCain Foods acquired the predictive crop intelligence portfolio from Resson. The announcement was made on June 30, 2022.
Cargill completed its acquisition of Croda's Performance Technologies and Industrial Chemicals businesses, including the Smart Materials business, on June 30, 2022. The deal adds nearly 750 employees and expands Cargill's bioindustrial portfolio.
Azelis signed an agreement to acquire the specialty lubricant distribution assets of Ak-taş in Turkey, including the oil additive business of Ak-taş and the base oil distribution business of Whitechem. The transaction is expected to close in Q3 2022.
Alaris Holdings has acquired Germany-based Kuhne electronic, an RF and microwave electronics engineering company, for an undisclosed amount. The acquisition expands Alaris's European footprint.
The LYCRA Company announced that a group of financial institutions (Lindeman Asia, Lindeman Partners Asset Management, Tor Investment Management, and China Everbright Limited) have gained full equity control of the company, following the conclusion of a receivership process related to loan defaults by former parent Ruyi Textile.
Eco Safety (ESP) of Phoenix, Arizona, acquired Soy Technologies, a Lexington, Kentucky-based specialty chemical manufacturer. The acquisition includes all brands and intellectual property; production is expected to commence by mid-July 2022.
Isosport, a subsidiary of Constantia Industries, acquired Novo Tech Group, a manufacturer of plastic products, from Avallon MBO. The acquisition strengthens Isosport's market leadership in plastics solutions and expands its geographic reach.
A group of lenders including Lindeman Asia, Lindeman Partners Asset Management, Tor Investment Management and China Everbright Ltd. have taken over American textile fiber manufacturer Lycra from Shandong Ruyi Group after Ruyi defaulted on a $400 million loan.
Samsung Engineering Co. agreed to buy a 24% stake in DNP Water, Vietnam's largest private water treatment company, for $41 million, becoming the second-largest shareholder. The investment aims to make Vietnam a base for its water treatment business in Southeast Asia.
Hydroscand Group AB acquired 100% of Anderstorp Hydraulik AB, a Swedish hydraulic systems and maintenance company with about 35 employees.
Precision Marshall, owned by Live Ventures Inc., acquired Kinetic Co., an industrial knife company, for $26 million, expected to increase its steel segment's annual revenue by $20 million.
Bingshan Refrigeration & Heat Transfer Technologies (Bingshan Lengre) agreed to sell its 17.8% stake in Cold King Container Temperature Control (Suzhou) to Trane Technologies European Holding Company B.V. for 102 million yuan. The transaction has been completed.
Mentice AB completed the acquisition of all assets of the Ankyras software suite from Galgo Medical SL for €2.775 million in cash, with an initial payment of €1.80 million and potential additional payment of €0.975 million.
Canadian packaging distributor Wolfpack Packaging Inc. has acquired Supreme Packaging, with the official announcement made on June 30, 2022, adding new leadership, supply chain and sales talent.
Wajax subsidiary Tundra Process Solutions acquired the valve business of Powell Canada Inc., which has 38 staff and facilities in Edmonton, Fort McMurray and Lloydminster, Alberta. The deal was announced on June 30, 2022.
Green Bay Packaging Inc. acquired Interstate Packaging Corp., a corrugated products manufacturer in Albert Lea, Minnesota, effective June 30, 2022. The facility serves south central Minnesota, southwest Wisconsin, Iowa and eastern South Dakota.
Hyster-Yale Materials Handling completed the acquisition of an additional 15% stake in Sino-American Zhejiang Maximal Forklift Co., Ltd from Y-C Hongkong Holding Co., Limited for $25.2 million, increasing its ownership to 90%.
The LYCRA Co. announced that a group of financial institutions (Lindeman Asia, Lindeman Partners Asset Management, Tor Investment Management, and China Everbright Ltd.) have gained full equity control of the company, following the conclusion of a receivership process related to loan defaults by former parent Ruyi Textile and Fashion International Group.
The Middleby Corporation acquired Proxaut, a manufacturer of Auto Guided Vehicles (AGVs) for the food industry and industrial processing companies based near Bologna, Italy, with approximately $15 million USD in annual sales.
Abu Dhabi National Energy Company (TAQA) and Abu Dhabi National Oil Company (ADNOC) have entered into binding agreements to purchase stakes in Abu Dhabi Future Energy Company (Masdar) from Mubadala, valuing the new Masdar joint ventures at approximately AED 7 billion (US$1.9 billion).
Van de Beeten, a multidisciplinary contracting company from Veghel, acquired all shares of Cementbouw Recycling BV effective June 1, 2022, including a 6.5-hectare site with a 205-meter quay in Oosterhout, and approximately 30 employees.
Chinese firm Duofu Group's aviation unit acquired Italian helicopter company Fama, making it a wholly-owned subsidiary. Duofu Aviation also announced a 5 billion yuan investment plan to build a complete aviation industrial chain including R&D, production, sales and operation.
Global investment firm Carlyle announced a strategic partnership with Varmora Granito Pvt Ltd, acquiring a significant minority stake in the Indian tile and bathware company. Terms were not disclosed.
JMC Group subsidiary Complete Aircraft Group (CAG) has completed its acquisition of Aerocare Aviation Services, a UK-based MRO, interiors and paint specialist. The deal will break CAG into the business aircraft segment and potentially expand Aerocare's capabilities for larger commercial aircraft.
Primus Aerospace, sponsored by Angeles Equity Partners, acquired Raloid Corporation, a precision component manufacturer for aerospace, defense, and space programs. Financial terms were not disclosed.
Normet Group Oy has agreed to acquire Garock Pty Ltd, a manufacturer and supplier of ground support systems for mining and civil industries in Australia. Garock will trade under Normet Group from 1 July 2022.
Alkegen has completed a tender offer to obtain a controlling ownership interest in Luyang Energy-Saving Materials Co., Ltd., a Chinese producer of ceramic fibers and high-temperature insulating materials.
Sila Services, LLC has acquired Libertyville Unique Indoor Comfort, Inc., an HVAC contractor in Libertyville, Illinois. The terms were not disclosed.
II-VI Inc has received anti-trust clearance from China for its pending acquisition of Coherent Inc, with closing expected on or about July 1, 2022.
The Court-sanctioned scheme of arrangement for Parker's acquisition of aerospace components maker Meggitt became effective on 12 September 2022. The deal value is not stated in the article.
Private equity firm Ara Partners has acquired UK-based sustainable PET packaging producer Petainer, in partnership with Petainer management and affiliates of Next Wave Partners. Financial terms were not disclosed.
DexKo Global has signed a definitive agreement to acquire Fluid-Press Group, an Albinea, Italy maker of hydraulic valves and manifold blocks for agricultural, industrial and construction machinery. Financial terms were not disclosed in the text provided.
SOLO Group has acquired Mid Ocean Group (midocean), a multi-category supplier of hard goods for the promotional product market in Europe. The acquisition was completed on June 16, 2022.
Hyle Capital Partners has acquired Guaresi, a designer and producer of tomato harvesting machines, through its 'Finance for Food One' fund. The deal aims to create a group in the agricultural machinery sector.
Accenture has agreed to acquire XtremeEDA, an Ottawa-based silicon design services company, to expand its edge computing capabilities. The terms were not disclosed.
Atlas Copco has agreed to acquire the assets of Shandong Jinggong Pump (Chinco), a Zibo-based maker of liquid ring vacuum pumps and systems, with closing expected in Q4 2022. The purchase price was not disclosed.
TricorBraun has completed its acquisition of PB Packaging, a leading Australian provider of plastic and glass packaging previously owned by Pro-Pac Packaging Limited. The deal was announced on June 26, 2022.