Panasonic Corporation has signed a contract to acquire all shares of TeraDiode, a US-based industrial laser supplier, to strengthen its laser processing business.

Engineering firm Amitec acquired a 100% stake in Formeca, a Finnish packaging machinery producer, from Stora Enso.

Jekko s.r.l. signed a partnership agreement with Eurogruas, appointing it as the dealer for Jekko mini cranes in Mexico. Eurogruas placed an initial order for two mini cranes.

Private equity firm CBPE Capital LLP acquired Safechem Europe GmbH from The Dow Chemical Company, effective January 1, 2017. Safechem provides solvent-based degreasing services.

Anglo Belgian Corporation signed a contract with Van der Kamp International Dredging B.V. to deliver four main 12DZD dual fuel generating sets for a new trailing suction hopper dredger 'Ecodelta'.

TechnipFMC officially opened its Modular Manufacturing Yard at Dahej, Gujarat, India. The 150,000 sq. meter waterfront yard will manufacture modular hydrogen plants, process plants, fired heaters, reformers, ethylene furnaces, and burners.

TOG Manufacturing has joined the Nelson Fastener Systems family of companies, a division of Doncasters Group. The North Adams, MA facility will continue operations with its 36 employees.

MK Tools Service GmbH added two new production halls at its Hauzenberg, Germany site, nearly doubling production space. Production in the new halls began in January 2017.

The largest European-built TUR lathe, a FAT-Haco TUR3000, was custom built and installed at Ellwood City Forge in Pennsylvania. The lathe processes massive forgings with record turning torque.

Kennametal announced a partnership with EWS Tool Technologies to expand its offering of KM (Kennametal Modular) quick-change tooling for multitasking machines and mill-turn lathes.

Model Group installed new four-colour EVOL flexo folder gluers at its Bilgoraj and Czosnow plants in Poland as part of CHF 86 million invested in modernisation, sustainability and expansion in 2017.

Arauco has signed supply contracts with Dieffenbacher for a new particleboard plant in Grayling, Michigan, with a planned capacity of 800,000 square meters per year.

Papierfabrik Schoellershammer在Düren的工厂投资约1亿欧元，安装PM 6纸机并启用Demag自动化仓储系统，年产能增加至25万吨。

Charles Ross & Son Company completed its largest manufacturing facility to date, a 250,000-square-foot plant in Wuxi, China, operated by its subsidiary Ross Wuxi Equipment. The facility moved in December 2016, with a formal inauguration scheduled for March 25, 2017.

Paul Horn GmbH completed two new buildings for production and administration in Tübingen, Germany, with a total investment of over €70 million. The company doubled its production capacity to 25,000 m².

AJK N.V. converted a warehouse into a 2,400 m² production hall and installed six Demag V-cranes, increasing production capacity by 15%. The expansion supports production of the new Solido compact press and other products.

SMA Inc. completed the acquisition of certain assets of Blount International Inc.'s TISCO aftermarket parts business. The transaction was announced on Nov. 17, 2016 and finalized on Dec. 30, 2016.

Keppel Fels, a subsidiary of Keppel Corporation, entered into a settlement agreement with the guarantor of Parden Holding SRL for a jack-up rig contract originally valued at $206 million. The rig will be resold to 361 Projects Pte Ltd, with delivery deferred to Q4 2017.

Altra Industrial Motion closed the acquisition of the Stromag business from GKN plc on December 30, 2016. The acquisition cost included assumption of €14 million debt and €184 million cash consideration.

Hangzhou Great Star Industrial Co., Ltd. completed the acquisition of Prim' Tools Limited from Leica Geosystems AG for €22.7 million in December 2016.

Japanese machinery maker Tsugami will invest about 2 billion yen ($17.1 million) in fiscal 2017 to increase production capacities in China and India, aiming to meet rising demand for sophisticated machine tools.

Chelyabinsk Tractor Plant (ChTZ), part of Ural Vagon Zavod, supplied four B10M.600 bulldozers to the company Iceberg for use in Chukotka, Russia. The bulldozers were delivered by rail, sea, and helicopter, with one unit airlifted to the remote settlement of Neshkan.

Ningbo Hilectro Automation Science and Technology Ltd. and KUKA Robotics (Shanghai) Co., Ltd. signed a strategic cooperation agreement on December 29, 2016, to collaborate on industrial robot automation in plastics, machining, and pressure casting industries.

A new plant for assembling high-tech metalworking machine tools opened in Voronezh, Russia, as a joint venture between Russian and Taiwanese companies. The facility is designed to produce 100-200 machines per year, with Russian investment of 200 million rubles.

Industrie- und Handelskammer Ostwürttemberg awarded Walter + Schier GmbH a contract worth EUR 1,243,288 for the supply of machines (lathes, milling machines, drilling machines, rotary storage, CNC machines) for a new vocational training center in Aalen, Germany. The award was granted on 2017-02-27.

Haessler Inc. has selected Delta-Q Technologies as its charging solutions supplier for its new WolfLifT all-electric aerial work platform.

Estonian industrial equipment manufacturers E-Profiil AS and Technobalt have decided to merge, creating an entity with over 500 employees and combined annual revenue of over €50 million.

ABB signed an agreement with Sinopec Engineering (Group) Co., Ltd. (SEG) in November 2016 to deepen cooperation in the global refining and chemical engineering market. ABB will provide electrical and automation solutions for SEG's overseas EPC projects.

GE executed the agreement to acquire a 75% stake in Concept Laser, a German manufacturer of metal 3D printing technology.

Surfaces Technological Abrasives, controlled by Xenon Private Equity, acquired the ADI group, a leader in tools for ceramic, stone, glass, mechanical and optical industries. The acquisition aims to create a global leader in ceramic processing tools.

Sinomach Heavy Industry (Luoyang) Co., Ltd. held a ceremony on December 22, 2016, for the first bulldozer (T160S crawler) rolling off the new assembly line at its Luoyang industrial park, marking the start of mass production.

OTC Industrial Technologies acquired Premier Equipment Corporation and Premier Control Systems, strengthening its presence in the Louisiana and Texas rotating equipment markets.

P1 Industries plans to build an advanced manufacturing center in Schenectady County, New York, with a $750,000 grant from the Regional Economic Development Council. The center will focus on training, prototyping, and R&D for aerospace and defense markets.

Taiwan's Litz Hitech and Czech TOS VARNSDORF formed a joint venture, TOS-Litz, with EUR 5 million investment, to produce three models of horizontal boring mills at Litz's third plant in Shengang, Taichung. Initial annual capacity is 24 units, targeting 120 units. The plant opening ceremony is scheduled for January 4, 2017.

Terex Ecotec expanded its facility at Farlough Road, Dungannon, Northern Ireland, adding a new production hall of 23,000 sq ft with three 20-tonne cranes. The expansion supports manufacturing of environmental equipment.

The Nuclear AMRC installed a Heckert HEC 800 HV MT multi-tasking machining centre supplied by Starrag UK. The machine enables milling, drilling and turning in a single set-up for research on test components.

BillerudKorsnäs awarded Voith a contract for a fully equipped XcelLine board machine for its site in Gruvön, Sweden, with start-up expected in Q1 2019.

Frontenac Company has completed the sale of H-E Parts International LLC, a leading independent global provider of aftermarket parts for mining, heavy construction and energy sectors, to Hitachi Construction Machinery Co., Ltd. Terms were not disclosed.

Western Superconducting Technologies Co. Ltd. ordered a high-speed open-die forging press and two rail-bound manipulators from SMS Group for processing titanium alloys. The press has a force of 63 MN and upsetting force of 80 MN.

DMG Mori signed an agreement with the Ulyanovsk region government to make additional investments over 10 years to develop the machine tool industry, including localization of component production, creation of machining shops and an engineering center. Total project cost is about 5 billion rubles.

Norwegian thruster maker Brunvoll signed an agreement to acquire all shares of Scana Propulsion, including Norwegian and sales subsidiaries, from Incus Investor ASA, subject to competition authority approval.

Terex Corporation has agreed to sell its compact construction equipment business in Germany to Yanmar Holdings for approximately US$60 million. The transaction includes a manufacturing facility in Crailsheim and a parts distribution center in Rothenburg, Germany, and is targeted to close in the second half of 2016.

Musashino Kikai announced the completion of a state-of-the-art extrusion coating and lamination pilot and production facility called 'Film Magic Labo' in Japan, featuring a new cutting-edge test coater.

Karlville and Musashino Kikai have formed a strategic machinery partnership to strengthen each company's core competences. Musashino Kikai also announced the completion of a state-of-the-art extrusion coating and lamination pilot and production facility in Japan called 'Film Magic Labo'.

Hengan Group has ordered two Toscotec Modulo Plus ES tissue machines for its Changji mill in Xinjiang Autonomous Region, China. The machines have a production speed of 1,600 m/min and a net sheet width of 2.8 m, and are scheduled for start-up within 2017.

Groupe FabDelta Inc. is expanding its plant in New Richmond, Quebec with a $6.45 million investment to manufacture wind turbine hubs. The expansion includes a deal with Siemens Wind Power to build 46 hubs and is expected to create 15 jobs.

GEODIS signed a contract with Petrofac to transport 24 oil production modules weighing up to 4,500 tons from Asia to Abu Dhabi. The first modules departed in October 2016.

Ontario Drive & Gear (ODG) acquired Groupe Trudo Inc. and Engrenax Hydraulix Inc., both in Quebec, adding 100,000 square feet of facilities and capabilities in bevel gears, spline rolling, heat treating and forging.

Burgergruppe started construction of a plant expansion for KBS-Spritztechnik at Fabrikberg 7 in Schonach in May 2016. The new space will be operational in spring 2017 to handle rising automotive orders.

Burgergruppe is founding a new plant in Barrie, Canada, led by Fabian Burger. Machine setup begins in February 2017, with production starting in the second quarter of 2017.