Parker Hannifin and CLARCOR have entered into a definitive agreement under which Parker will acquire CLARCOR for about $4.3 billion.

Dana Incorporated completed the acquisition of 80% of the power-transmission and fluid power businesses of Brevini Group, with an option for the remaining 20% by 2020. The 100% value was set at EUR 325 million including about EUR 100 million of net debt, funded with cash on hand.

Jade Group International moved its tooling operation into a new 1,600-square-meter leased location in Zhongshan, Guangdong Province, in December 2016, separating mold building from plastics processing to meet growing demand.

A.Celli Paper received an order from Taison Group for 4 tissue rewinders to be installed at its Jiangxi Jiujiang mill in 2017. The rewinders have a 5600-mm format and working speed of 1000 mpm.

CNH Industrial completed its acquisition of the agricultural Grass and Soil business of Kongskilde Industries from DLG A.m.b.A. The deal, announced October 31, 2016, adds tillage, seeding, and hay & forage equipment to New Holland Agriculture's portfolio.

German company Weinmann will deliver Lindbäcks' new production line for wall manufacturing at its new factory on Haraholmen, a contract worth SEK 95 million.

ZIEHL-ABEGG commissioned WOLFF & MÜLLER to build a new production building in Kupferzell for EUR 12.4 million. The facility will produce EC motor fans and is expected to be completed by end of 2017.

Škoda Machine Tool secured its largest-ever order, worth approximately €20 million (over CZK 500 million), to supply eight horizontal boring and milling machines to Chinese state-owned company Shandong Longma for wind turbine component production.

Maxcess China expanded its operations by opening a new state-of-the-art facility in Zhuhai, China, featuring nearly triple the square footage and 50% more key equipment than the previous location.

The University of Sheffield awarded a £209,000 contract to Kea Automation Ltd for a mid-scale robotised shelling system, with delivery from February to March 2017.

TPG Engineering, a TP Group subsidiary, invested nearly £1 million in a Soraluce mill-bore centre and a Hankook vertical turning lathe from Ward CNC to expand into nuclear energy market machining large titanium workpieces.

Pentair plc completed the acquisition of Union Engineering A/S, headquartered in Fredericia, Denmark, which specializes in carbon dioxide capture, recovery and purification technologies. The seller is the Danish private equity fund Capidea and minority shareholders. The announcement was made on January 31, 2017.

Broadwind Energy reached an agreement to acquire Red Wolf Company, a fabricator and assembler of industrial systems for the gas turbine market, for an undisclosed amount. The transaction is expected to close on February 1, 2017, and Broadwind plans to maintain Red Wolf's operations in Sanford, North Carolina.

Pelican Energy Partners completed a majority recapitalization and growth equity investment in Global Heat Transfer, a manufacturer of radiators and industrial cooling systems for oil and gas, mining, and power generation markets.

TERRATEC officially opened a new large-diameter TBM production facility in Guangzhou, China, with capacity to produce up to 20 large-diameter (>6m) tunnel boring machines per year. The plant replaces existing production in Wuhan.

Multivac, the German packaging machine manufacturer, began construction of a new plant in the state industrial zone in Bozhurishte, Bulgaria. The facility will include production, warehouse, logistics, training center, and offices, with an investment of 37 million BGN over three years.

SafanDarley supplied its 50th press brake to Addit, a precision sheet metal supplier in Poland. Addit also opened a new 6,000-square-meter hall in Wegrow, Poland, for stainless steel and aluminum processing.

Condor Electronics announced a new investment in three new production lines for kitchen equipment, increasing integration rate on that range.

Cavalier Tool & Manufacturing is nearing completion of a multi-million dollar 14,000-square-foot expansion at its Windsor, Ontario plant. The addition will be dedicated to advanced assembly and final manufacturing, and the company expects to hire at least 20 additional skilled trades workers.

Sandvik Coromant inaugurated a new 2,100-square-meter facility in Querétaro, Mexico, investing $3.6 million and creating over 300 jobs.

Element Six, a world leader in synthetic diamond super-materials, announced a €7 million investment to expand its Shannon facility, creating 100 new jobs in supply chain, engineering and manufacturing. The investment brings total spend at Shannon to €40 million over four years.

Lokesh Machines will assemble EMCO machines at a new manufacturing facility at Kallakal near Hyderabad, India.

Lokesh Machines Ltd has agreed to enter into an agreement with EMCO GmbH of Austria for the manufacture and sale of EMCO's machines in India and export supplies. The machines will be assembled at a new facility near Hyderabad.

Engie Cofely Services was awarded a contract by the French Commissariat a l'energie atomique to supply, install and commission a replacement air compressor and related equipment at the Valduc centre, for EUR 401,887.

Hurco acquired 100% of the business, technology, goodwill and operating assets of Taiwanese machine tool manufacturer Takumi Machinery. Takumi specializes in CNC vertical machining centers and other machine tools.

Tamrotor Marine Compressors was awarded a contract by Sembcorp Marine to supply a complete marine compressed air system for the Heerema Sleipnir crane vessel being built in Singapore, with undisclosed value and delivery scheduled for 2018.

United Rentals agreed to buy NES Rentals Holdings II Inc for about $965 million in cash, expanding its presence in the U.S. East Coast, Gulf states and Midwest.

United Wagon Company delivered 20 tank cars for formalin to Metafrax, the largest Russian chemical producer and exporter. A servicing center was also opened at Metafrax's site.

Busch SE announced a voluntary public tender offer for all outstanding shares of Pfeiffer Vacuum Technology AG at €96.20 per share, valuing the company at approximately €949 million. Busch group currently holds 27.19% and aims to exceed the 30% control threshold.

Tenova was awarded a contract to design and build a walking beam furnace for NLMK Group's Pennsylvania mill, part of an $80 million investment. The furnace will replace three outdated pusher furnaces and start up in 2018.

Wärtsilä signed a 12-year performance-based agreement with Carnival Corporation, valued at about EUR 900 million, to handle engine maintenance and monitoring for 79 Carnival vessels, effective April 1, 2017.

Sinoma Lithium Film, a subsidiary of Sinoma Science & Technology, signed a contract with Dalian Rubber & Plastics on January 24, 2017, to purchase two wet-process lithium battery separator production lines and supporting equipment for CNY 303 million.

Craig Manufacturing completed a 25,000 square foot addition to its Hartland, New Brunswick plant, adding 19 welding bays and two 30-ton cranes. The company invested $3.5 million, with $1 million in government grants.

Crown Paper Group's Montebello Container installed an automated dry end at its La Mirada sheet feeder plant plus conveyors, unitizers and wet-end upgrades, and improved safety and waste at Pico Rivera and Santa Fe Springs. Montebello increased production more than 20 percent in 2016.

CPM Holdings Inc. acquired Extricom Blach Extruder & Components in Lauffen, Germany, a supplier of twin screw extruder replacement parts and inventor of the RingExtruder. The acquisition expands CPM's compounding equipment portfolio in Europe.

Thompson Friction Welding won an order for a 50-tonne friction welding machine from American Friction Welding, which will use it to join components for semiconductor, defence, electrical and aerospace industries.

Automated Tool & Machine announced plans to acquire and relocate to a 50,000 square foot industrial building in Rosman, North Carolina, to increase investment and add jobs.

Kirovsky Zavod Gazovye Tekhnologii, part of Kirovsky Zavod, has spent 200–300 million rubles on developing and producing automatic compressed gas filling stations and plans another 1 billion rubles over two to three years. The company already holds a contract to build eight stations for Gazprom Gazomotornoe Toplivo.

Siemens won a contract worth a high double-digit million euro range to supply 12 compressor trains for two onshore gas processing plants in Iran, operated by Palayesh Parsian Sepehr through EPC contractor Hampa Engineering. Commercial operation is due by end-2018.

Matpro Machinery Ltd and CRJ Services have announced a partnership to merge resources, creating one of the largest machinery hire and sales companies in the UK. Matpro becomes sole distributor for Haas and Steelweld Enviro in the UK and Ireland.

Synerlink, a supplier of packaging technology, acquired Sogameca, a manufacturer of precision machines and cutting tool technology based in Le Mans, France.

Novelis Deutschland GmbH issued the Final Acceptance Certificate to Tenova for an automotive aluminium finishing line at its Nachterstedt plant in Germany. The $85 million investment adds 120,000 metric tons of annual capacity for automotive sheet.

Acal Plc agreed to acquire Variohm Holdings Limited for up to £13.85 million, including £12 million upfront and up to £1.85 million in earn-outs. Variohm is a UK-based manufacturer of sensors, switches and motion measurement systems.

WEC Group Ltd invested £250,000 in a new Miyano ABX-64SYY multi-spindle/multi-axis lathe at its Blackburn facility to increase capacity for aerospace components.

HAIMER Group and DMG MORI signed a cooperation agreement making HAIMER a premium partner for its products.

HAIMER Group acquired DMG MORI Microset GmbH, now HAIMER Microset GmbH, on January 1, 2017. The Bielefeld facility with about 35 employees will become HAIMER's second production site.

Genborg LLC, which officially opened its plant in Usmansky District, Lipetsk region in November 2016 for 1.3 billion rubles, has started production of its first batch of electric motors, with plans to reach 25,000 motors per year by end of 2017 and 75,000 per year after a second phase by end of 2019.

AAF Flanders agreed to acquire Aire Filter Products, a distributor with 106 employees and nine offices in the western United States, to expand its air filtration services.

Atlas Copco is selling its Dynapac roadbuilding equipment division to Fayat Group, taking a loss of about $230 million on the deal. The sale is part of restructuring ahead of a planned spin-off of its civil engineering and mining division.

Capvis Equity IV LP Fund will acquire a majority stake in Felss Group, a cold forming specialist for hollow parts, from sole shareholder Christine Kienhöfer, who retains a substantial shareholding.