Gardner Denver is building a 27,000-square-foot addition to its Princeton facility to add production cells and warehousing, with completion expected by the end of March 2017. It is the first new US building the company has added in 18 years.
CVD Equipment Corporation purchased certain assets including all IP formerly owned by Tantaline A/S of Nordborg, Denmark, through its wholly owned subsidiary CVD Materials Corporation. CVD is now operating a subsidiary named Tantaline CVD ApS in Nordborg.
Terex agreed to sell its UK-based operation manufacturing backhoes, site dumpers, and compact compaction rollers to Mecalac, exiting the earthmoving equipment business. The deal is expected to close in the first half of 2017.
Carrier Process Equipment Group, Inc. acquired the Renneburg Thermal Processing Division of Heyl & Patterson, adding rotary dryers, calciners, and coolers to its bulk processing capabilities.
Cavanna, a packaging machinery manufacturer, has invested €2 million to expand its production facility in Prato Sesia, Italy, adding 3,000 square meters of production area and incorporating advanced robotics. The new area was inaugurated on December 18, 2016.
A new production facility for CNC turning-milling machining centers has been launched in Sasovo, Ryazan region, Russia. The project is supported by 1.22 billion rubles in federal funding and is expected to reach full capacity in 2017, producing 120-130 machines per year and creating 235 jobs.
Ohio Transmission Corporation, an industrial equipment distributor based in Columbus, Ohio, acquired C & C Industrial Sales (Gallatin, Tennessee) and Midway Industrial Supply (Minneapolis, Minnesota). Both become divisions of OTP Industrial Solutions, which sells spray finishing, sealant, adhesive, automation and fluid power systems.
GroeNoord Ag & Turf is taking over fellow John Deere dealer Greve, which has seven branches in Flevoland and Friesland. The combined company will operate 14 branches under the Groenoord name.
Emeco, Orionstone and Andy's Earthmovers have agreed to merge after winning support from a dissenting bondholder, Black Diamond Capital Management. The combined company would be one of the five largest equipment rental companies in Australia.
HDT Global has acquired the DRS Environmental Systems business and assets. No financial details were disclosed.
Agilent Technologies opened a $14.7 million technology center in Folsom, California, expanding chromatography consumables and hardware capabilities. The 53,000 square-foot site includes lab, order fulfillment and warehousing space, and will house 60 additional staff.
GE Aviation made an offer of 285 Swedish kronor per share for Arcam AB, totaling approximately €610 million. Arcam AB recommended the sale, and the acquisition was completed.
Fabco-Air Inc. of Gainesville, Florida acquired the Humphrey stainless steel disposable cylinder product line, including the volume chamber line and cylinder accessories, in a transaction completed December 16, 2016.
Valmet will deliver key technology for a new 250 kt/year greenfield dissolving pulp mill for Sun Paper at Muang Phin in Savanakhet province, Laos. Pulp production is targeted to start in Q2 2018, with an order value of around EUR 20 million.
Harmonic Drive Systems and Innovation Network Corporation of Japan agreed to acquire the remaining 63.2% stake in Harmonic Drive AG, in a 60/40 split, for approximately €260 million. The deal is pending regulatory approval.
WEG announced the acquisition of TGM (Indústria e Comércio de Turbinas e Transmissões Ltda.), a Brazilian manufacturer of steam turbines and transmissions, on December 15, 2016. TGM employs around 1,000 people and had revenues of R$ 238 million in 2015.
Pentair Aquatic Eco-Systems, Inc. acquired Vaki Aquaculture Systems Ltd., an aquaculture equipment manufacturer based in Kópavogur, Iceland. The acquisition was announced in December 2016.
Toptec Co., Ltd. announced it signed a KRW 165.2 billion contract to supply manufacturing equipment. The contract amounts to 71.7% of 2015 revenue and runs until May 31, 2017. The customer's identity is undisclosed for confidentiality.
Sleeve Seal and G.C. Evans Sales & Manufacturing completed a move to a newly upgraded, larger facility in Little Rock, Arkansas, representing a $6 million investment and creating 43 new jobs. The facility will accommodate larger projects and add two printing lines.
Case Construction Equipment and JMalucelli Equipamentos inaugurated a new dealership headquarters in São José, Santa Catarina, Brazil, moving from Biguaçu to provide better customer access.
Addtech Nordic AB, a wholly owned subsidiary of Addtech AB, acquired all shares of Sensor Control Nordic AB and Sensor ECS AB. Sensor supplies components and solutions in sensor, control, and automation to the Nordic OEM and automation industry, with 30 employees and revenue of about SEK 160 million.
Jaylor Fabricating, a farm equipment manufacturer, announced a $2 million investment to expand its plant in East Garafraxa, Ontario. The project is expected to create 10 jobs and increase capacity for feed mixers.
Yamaha Outdoor Power agreed to acquire Subaru Industrial Power Products, taking over three multi-purpose V-Twin engine models after Fuji Heavy Industries ceases their production. The deal is expected to be completed by October 1, 2017.
Nidec has completed its $1.2 billion purchase of Emerson Electric's motors, drives and power generation businesses, including Control Techniques and Leroy-Somer.
IDEC Corporation, a Japanese manufacturer of industrial automation products, entered into a stock purchase agreement to acquire 100% of Apem Group, a global HMI solutions manufacturer, for an enterprise value of €240 million. The deal was signed on December 14, 2016.
Plamako is building an extension to its premises in Anderstorp, Sweden, more than doubling its production area. The new machine hall will be used for assembly and test runs of automation solutions for the plastics industry.
Overton Industries is requesting a $210,000 tax break for a $1.6 million investment to expand its Franklin, Indiana facility by 12,000 square feet and add equipment, creating 10 jobs.
Hurco Europe took orders for 12 vertical machining centres valued at £800,000 during its December 2016 Open House in High Wycombe, from 50 manufacturing companies.
Beko Plc officially opened its first R&D centre in Cambridge, UK, on December 13, 2016. The centre will focus on intelligent product technologies, advanced materials and progressive manufacturing for home appliances.
KOBELCO Construction Machinery USA announced an increase in manufacturing capacity at its Spartanburg, South Carolina facility to include the SK350LC-10 excavator model. The facility already produces 20 and 35 ton class models.
Integrity Tool & Mold Inc. is investing approximately $22.8 million to add 24,000 sq. ft. of floor space, buy new tools, and hire up to 52 workers at its Oldcastle, Ontario facility. The federal government is contributing $2.4 million.
FOM Industrie and Graf Synergy have announced a partnership to form the FOM-GS Group, combining their aluminium and PVC-U cutting and machining technologies, with a combined turnover of over €110 million and more than 500 employees.
Terex Compact Germany GmbH changed its name to Yanmar Compact Germany GmbH and concluded a profit transfer agreement with Yanmar CE Holdings GmbH on December 12, 2016.
Terex Corporation agreed to sell its Coventry-based compact construction business to a subsidiary of Groupe Mecalac, a French manufacturer of compact loaders and excavators.
Wabash National acquired the recently-shuttered Larson Boat plant in Little Falls, Minnesota, and plans to invest $11 million to renovate and equip the facility. The company hopes to employ 70 people by 2019 and 100 or more within five years.
Burns & McDonnell Inc., an engineering and construction firm, has acquired industrial contractor AZCO Inc. AZCO operates a 71,000 sq ft fabrication center and will remain in Appleton, Wisconsin. The purchase price was not disclosed.
Haitian International's indirect wholly-owned subsidiary Haitian Plastics Machinery has entered into an equipment purchase agreement with Haitian Precision to buy automatic processing lines, CNC lathes, machining centers and related equipment for a total consideration of approximately CNY 41.73 million.
Pattonair secured a 10-year contract extension with Siemens Canada Limited and Industrial Turbine Company Limited for the provision of C Class parts for the Industrial RB211 and Industrial Trent engines.
Pronar is completing construction of a new production hall in Siemiatycze, Poland, with an area of about 2 hectares. The hall will produce large municipal and recycling machines and will create 200 jobs.
Zobel Values AG, a Swiss family office, has invested a double-digit million amount in the Kaltenbach Group, a German machine and plant construction company. The investment secures the long-term future of the company and provides funds for inorganic growth.
BPC Engineering signed a contract to manufacture and supply two COMPEX reciprocating compressor stations for the Cryogenmash Laboratory Complex in the Moscow Region, part of a pilot natural gas liquefaction system. Shipment is scheduled for Q2 2017.
Northern Ireland Water awarded a compressor and blower framework contract worth up to an estimated GBP 12.5 million for supply, installation and commissioning. Aerzen Machines Ltd and Sulzer Pumps both won places on the framework.
Columbus McKinnon Corporation announced the proposed all-cash acquisition of STAHL CraneSystems, a business of Konecranes PLC, for $240 million with an earn-out potential up to $246 million.
Grainger & Worrall (GW) announced a new £5 million machining facility at its site in Bridgnorth, Shropshire, UK. The 33,000 ft² temperature-controlled facility will centralize machining operations and be operational from early 2017.
Atlas Copco agreed to acquire the business of hb Kompressoren, a German distributor and service provider of industrial air compressors based near Stuttgart; the purchase price was not disclosed.
AP시스템 (AP System) signed a 58.5 billion won contract to supply manufacturing equipment. The counterparty is undisclosed until May 31, 2017.
Sorma USA, part of the Sorma Group, opened a new 100,000-square-foot facility in Visalia, California, in December 2021, housing printing operations, machines, materials, and staff.
Seatrade has chosen Maersk Container Industry to supply 4,000 integrated reefer containers worth over USD 55 million, with delivery expected by December 2016.
Unique Window Systems invested almost £1 million in a full suite of Emmegi machinery for its new 43,000 ft² factory in Leicester, UK, dedicated to aluminium fabrication. The investment includes CNC machining centres, saws, and handling equipment.
Pronar Recycling is completing the assembly of a second hall at its factory in Siemiatycze, Poland, which will be opened at the end of 2016. The expansion will accelerate construction of mobile trommel screens and slow-speed shredders.