AVIC Electromechanical (600372.SH) announced it will absorb AVIC Electromechanical Systems (002013.SZ) via a share swap at a ratio of 1:0.6605, issuing 2.566 billion shares. The merger aims to create a world-class aviation avionics company.
Aetna Group, through its Robopac and Ocme units, acquired Germany-based Meypack, a maker of end-of-line packaging machines for food, spirits and personal care, announced June 10, 2022.
Berlin Packaging acquired Andler Packaging Group, a US distributor of plastic, glass and metal containers and closures with locations in Massachusetts, New Jersey, Maryland and Florida, announced June 10, 2022.
SUEZ, together with Royal Bafokeng Holdings and African Infrastructure Investment Managers, signed a binding agreement to acquire EnviroServ, South Africa's largest waste management company, for an undisclosed amount. SUEZ will hold 51%.
Marel has successfully closed the USD 540 million acquisition of Wenger Manufacturing LLC, a global leader in processing solutions for pet food, plant-based proteins, and aqua feed. The acquisition was announced on 27 April 2022 and closed on 9 June 2022.
China National Electrical Equipment Group was formally established in Shanghai, formed by the reorganization and integration of China XD Group Co., Ltd. and State Grid Corporation subsidiaries including XJ Group, Pinggao Group, Shandong Electric Group, NARI Hengchi, NARI Telstar, and Chongqing Borui. It is now a state-owned key enterprise supervised by SASAC.
Abcourt Mines Inc. entered into a non-binding letter of intent to acquire all securities of Pershimex Resources Corporation via a three-cornered amalgamation. The combined company would have ~510 km of strategic landholdings in Quebec gold districts and include two underground gold mines on care-and-maintenance.
Senior plc signed a definitive agreement to acquire substantially all assets of Spencer Aerospace Manufacturing, LLC, a manufacturer of high-pressure hydraulic fluid fittings for aerospace applications based in Valencia, California. The current management team will remain.
Kibbutz-based valve makers A.R.I. and Dorot, plus OCV of Oklahoma, were merged into Aquestia, owned 51% by MAT Holdings and 49% by Kibbutz Kfar Haruv. The deal was worth about $100 million in a stock exchange structure and was completed in June 2022.
TALIS, through its French subsidiary BAYARD SAS, signed a 60/40 joint venture agreement with China's Kc-Val to form TALIS Flow Control (Shanghai) Co. Ltd, which takes over Kc-Val's control valve production. It will be TALIS's first production facility outside Europe and Israel.
Atlas Copco agreed to acquire National Vacuum Equipment Inc., a Traverse City, Michigan manufacturer of industrial vacuum pumps and packages for tanker trucks with about 100 employees. The price was not disclosed and closing is expected in Q3 2022.
Nutripack Ibérica, Spanish subsidiary of Impact Group, reached an agreement to transfer its machinery activity in Spain to Mecapack, creating Mecapack Ibérica Packaging for Humans, which will independently manufacture thermo-sealing and thermoforming machinery in Spain and Portugal. Nutripack becomes distributor of the new subsidiary.
Architectural glass developer Tvitec completed the acquisition of Cricursa, a world leader in curved glass manufacturing, for approximately $15.6 million. The deal was formalized on June 8, 2022, and includes 125 employees.
Enjet Aero acquired Integral Industries, a Connecticut-based manufacturer of aircraft engine components, on June 8, 2022. The acquisition expands Enjet's manufacturing footprint to nine locations across North America.
Siemens acquired Senseye, a provider of AI-based predictive maintenance solutions for manufacturing and industrial companies. The acquisition expands Siemens' digital services portfolio.
LS Electric acquired Nokia's asset lifecycle optimization (ALO) software platform for power facility asset analysis, aiming to launch its asset management software business.
A. O. Smith Corporation acquired Atlantic Filter Corporation, a Florida-based water treatment company, in an all-cash transaction. Terms were not disclosed.
SAF-Holland has made a takeover bid for Haldex, offering 3.2 billion Swedish crowns (about $325 million) in cash to purchase the shares it does not currently own. Haldex's board unanimously recommends the offer.
South Korean private equity firm Hahn & Co. has signed definitive agreements to acquire 100% of SK Group's polyester film (PET) business for KRW 1.6 trillion (US$1.3 billion).
Corza Medical, a portfolio company of GTCR, has acquired Barron Precision Instruments (BPI), a manufacturer of ophthalmic surgery products. The acquisition expands Corza's portfolio and manufacturing footprint.
Watlow signed an agreement to acquire Eurotherm, a provider of temperature and process control equipment, from Schneider Electric. Terms were not disclosed.
Brenntag announced a partnership with Al-Azzaz Chemicals Company via a 75/25 joint venture, expanding its specialty chemicals distribution footprint in Saudi Arabia.
OptiGroup, a FSN Capital portfolio company, agreed to acquire 100% of MaskeGruppen AS from Maske Holding AS, a Norwegian distributor of facility supplies, healthcare products and industrial packaging. The deal is subject to Norwegian Competition Authority approval.
Symbio (a Faurecia and Michelin JV) and Schaeffler signed an agreement to establish an equal joint venture, Innoplate, to produce fuel cell bipolar plates for mobility and energy solutions. The JV will become operational by end of 2022.
The Assam government, through Assam Power Distribution Company Ltd, has requested a 20% stake in Neyveli Uttar Pradesh Power Ltd, a joint venture building a 1,980 MW coal-fired thermal power plant in Ghatampur, Uttar Pradesh.
Cyprus-based Agrimatco received approval from Saudi Arabia's General Authority for Competition to acquire 75% of Jeddah-based Agriculture Machinery and Materials Co.
B&C Group is divesting its 80% stake in packaging manufacturer Schur Flexibles to a new owner group led by Apollo and other creditors, after discovering massive irregularities in previous years' balance sheets and gross misconduct by former managers. The agreement was signed on June 4, 2022, with closing expected in autumn 2022.
The Arcticom Group acquired Tomco Mechanical Corporation, an HVAC installation and services provider based in Westbury, NY, expanding into the New York City boroughs and tri-state area. Financial terms were not disclosed.
Viessmann completed a management buyout of Pacifica Group's Home Services division (PHS) in partnership with its management team, including Oakes Energy Services. The acquisition involves a multi-million investment to build a renewables-driven home services operation in the UK.
Østfold Elektro AS will become a subsidiary of Granitor Electro in Norway, with the former owners taking an ownership stake in Granitor Electro. The deal was announced on 7 June 2022.
Schaeffler and Symbio, a joint venture of Faurecia and Michelin, signed a contract to form a 50:50 joint venture named Innoplate to manufacture bipolar plates for fuel cells. The JV will be based in Haguenau, France, and plans to produce about 50 million bipolar plates by 2030, employing over 120 people.
PTT Public Company Limited completed the acquisition of an additional 10.78% stake in Global Power Synergy Public Company Limited from Thai Oil Public Company Limited for THB 22.4 billion. The deal was agreed on February 17, 2022 and completed on June 7, 2022.
Irish packaging group Zeus Packaging Group acquired UK companies Swanline Group and BoxMart in a deal worth more than €25 million, with combined annual revenue of €30 million.
Pike Street Capital portfolio company PumpTech acquired Frost Engineering Service Company - Northwest, a Snohomish, Washington supplier of fluid handling systems and instrumentation.
Doosan Enerbility agreed to sell Doosan Mecatec, a chemical process equipment maker, to a consortium of Bumhan Industries and Metistone Equity Partners, with closing expected in July 2022.
Packaging distributor Zeus has acquired UK packaging companies Swanline Group and its sister company BoxMart in a deal worth more than €25 million.
BOHN de México has acquired Intercambiadores de Calor (Intercal), a heat exchanger company based in Santiago, Chile, to expand its refrigeration solutions in Latin America.
Voith announced the takeover of ARGO-HYTOS, a Swiss developer and producer of hydraulics components and system solutions for the off-highway sector. Voith is acquiring 79.5% of the shares, with the deal expected to close by August 2022.
iNRCORE, a designer and manufacturer of magnetic components, acquired Vanguard Electronics, a manufacturer of high-reliability magnetics. Vanguard will operate as a wholly owned subsidiary, retaining its headquarters in Huntington Beach, California, and a manufacturing facility in Mexicali, Mexico.
BOHN of Mexico acquired Intercambiadores de Calor, S.A. (Intercal), a heat exchanger company based in Santiago de Chile. The acquisition expands BOHN's refrigeration solutions in Latin America, adding product lines including high-end air handlers and industrial projects.
Irish building materials firm CRH agreed to buy Barrette Outdoor Living, a North American residential fencing and railing solutions provider, for an enterprise value of $1.9 billion.
The SEER Group LLC acquired a majority stake in J. A. Bertsch Heating & Cooling in Coeur d’Alene, Idaho.
Rooter Hero acquired Velavi Heating & Cooling Inc. in Norwalk, California.
Strikepoint Group Holdings acquired Phillips Air Care in Charlotte, North Carolina.
Southeastern Home Services acquired Mario's Air Conditioning & Heating in Hudson, Florida.
Southern HVAC Corporation acquired AirNow Cooling & Heating in Montgomery, Alabama.
Dayou AutoParts will acquire a 42% stake in Shinki Inter Mobile, a resin component manufacturer, for KRW 18 billion.
BD (Becton, Dickinson and Company) announced a definitive agreement to acquire Parata Systems, a provider of pharmacy automation solutions, from Frazier Healthcare Partners for $1.525 billion.
Bailey International, owned by EBSCO Industries, announced the acquisition of Quebec-based hydraulic and pneumatic equipment maker Hydrolico International, which has facilities in Montreal and Walker, Michigan. The deal value was not disclosed.
Eastside Distilling subsidiary Craft Canning + Printing bought a production facility operated by Aprch Beverage in Portland, Oregon, and was contracted to exclusively provide can printing and co-packing for Aprch's products in Washington and Oregon.