Tenneco Inc. shareholders voted to approve the pending acquisition of Tenneco by affiliates of Apollo Global Management. The transaction is expected to close in the second half of 2022.
Baird Capital acquired UGSI Solutions and its subsidiaries, which provide water quality management solutions and chemical feed systems to municipal water and wastewater utility markets.
JPT (Shenzhen JPT Optoelectronics) will acquire 20% equity of Shenzhen Ruisheng Automation Technology for 20 million yuan, forming a strategic partnership in optical module high-precision detection.
SSE Thermal and Equinor agreed to acquire Triton Power Holdings Ltd from Energy Capital Partners for £341 million, equally shared. Triton Power operates Saltend Power Station and other assets.
AD and Canadian building supplies buying group Torbsa Limited agreed to merge, creating a new division AD Canada – Building Supplies. The merger is expected to close July 1, 2022.
Impro Precision announced its subsidiary plans to acquire all equity of Foshan Meiduan Manufacturing Technology Co., Ltd. for a cash consideration of RMB 59.27 million.
Roper Technologies agreed to sell a majority stake in its industrial business to private equity firm Clayton Dubilier & Rice for $2.6 billion, keeping a 49% stake in the business to be spun off as a standalone company. The announcement was made on June 1, 2022.
Japan United, via its German subsidiary United Europe and TRICOR Packaging & Logistics, signed a share purchase agreement to acquire THIMM Packaging Systems, a heavy-duty packaging maker in Hausen, Germany, subject to German antitrust approval.
Brookfield Asset Management has completed the acquisition of an 85% stake in Cupa Group, a Spanish slate producer, with management retaining 15%.
SIA Engineering Company completed the acquisition of 75% of the share capital of SR Technics Malaysia, making it a subsidiary, with SR Technics Switzerland holding the remaining 25%.
South Africa-based Gold Fields Ltd. announced a $6.7 billion all-stock acquisition of Toronto-based Yamana Gold Inc., creating the world's fourth largest gold producer.
Saint-Gobain has entered into a definitive agreement to acquire Kaycan, a manufacturer of premium building products in Canada and the United States, for $928 million in cash. The transaction is expected to close by the end of 2022.
E-power, the largest Benelux producer of generators, has acquired Bobinindus, a Belgian market leader in emergency power applications.
Westinghouse has completed its acquisition of BHI Energy, creating the nuclear industry's first fully integrated outage, maintenance and modification services business. Terms were not disclosed.
Commercial Steel Products LLC (CSP) has acquired Ace Steel Supply Inc. in a stock purchase agreement. The deal aims to improve capabilities and expand product diversification.
Taiwanese group Walsin Lihwa Corporation has agreed to acquire a 70% stake in Cogne Acciai Speciali S.p.a., a global leader in stainless steel long products. The Marzorati family will retain the remaining stake. The closing is expected by 2022, subject to regulatory approvals.
Eaton and Ulusoy are combining their sales teams under one roof, following Eaton's 2019 acquisition of Ulusoy Elektrik. The new sales organization aims to increase sales activities in Turkey and offer medium voltage products and solutions across EMEA and the Middle East.
Alpek finalized its acquisition of 100% of OCTAL Holding SAOC for $620 million on a debt-free basis, incorporating OCTAL's high-value PET sheet business into its portfolio.
Dutch specialty chemicals maker DSM will merge with Swiss peer Firmenich in a cash and shares deal. DSM shareholders will own 65.5% of the new company, and Firmenich owners will receive EUR 3.5 billion in cash. The merger is expected to be finalized in the first half of 2023.
EBOS Group Limited has completed its acquisition of LifeHealthcare, a distributor of medical devices in Australia, New Zealand and South East Asia. Financial results from 1 June 2022 will include LifeHealthcare.
Allegro MicroSystems announced an agreement to acquire Heyday Integrated Circuits, a privately-held company specializing in compact, fully-integrated isolated gate drivers for GaN and SiC wide-bandgap semiconductor designs.
Sun Capital Partners, a private investment firm, completed the acquisition of TENAX, a manufacturer of chemical products. Financial terms were not disclosed.
Royal DSM reached an agreement to sell its Engineering Materials business to Advent International and LANXESS for an enterprise value of €3.85 billion. The business will be combined with LANXESS's High Performance Materials business in a joint venture co-owned by Advent (60%) and LANXESS (40%).
NIBE Industrier AB signed an agreement to acquire 50% of the shares in Argoclima S.p.A., an Italian manufacturer and distributor of heat pumps and air conditioning products, with the remaining stake to be acquired within five years. The acquisition strengthens NIBE's position in the Italian heat pump market.
Investment firm Peninsula Capital agreed to buy Italian premium packaging firm ISEM Bramucci, which makes luxury boxes and folding cartons, in a deal worth around 90 million euros ($97 million).
Walsin Lihwa Corporation acquired a 40% stake in Innovation West Mantewe Pte. Ltd for $79.2 million. Innovation West Mantewe is involved in nickel mining.
Tata Motors, through its subsidiary Tata Passenger Electric Mobility Ltd., signed a tripartite agreement with the Gujarat government and Ford India Private Ltd. to acquire Ford's Sanand vehicle manufacturing plant, including land, buildings, machinery, and equipment. The acquisition will increase TPEML's capacity to 300,000 units per year, expandable to over 400,000 units.
Richard Baker Harrison Ltd (RBH Group) has acquired European specialist distribution businesses Faber & VanderEnde B.V. and Faber & VanderEnde GmbH, strengthening its position in specialty chemicals distribution for the polymer and related industries.
Machinery Oy, part of Boreo, acquired the machining business operations of Moottorikoneistus Ojala Oy (GT Motor) on May 1, 2022. The business will be transferred to Machinery's facilities in Vantaa during autumn 2022. GT Motor's 2021 net sales were approximately 0.2 million euros.
Bosch Rexroth completed the acquisition of a majority stake in Kassow Robots, a Danish cobot specialist, after antitrust approval. The deal closed on April 29, 2022, and Kassow Robots will scale its cobot portfolio and move to a larger location in the Copenhagen area.
John Cockerill acquired the cooling activities of Hamon Group in Belgium, France and Spain. The acquisition was completed on June 2, 2022.
METALfx, a provider of sheet metal fabrications, acquired J&M Manufacturing, Inc., a precision sheet metal parts manufacturer. Capital assets will be relocated to METALfx's 125,000 sq. ft. site in Willits, California.
Trane Technologies European Holding Company BV agreed to acquire a 17.8% stake in Thermo King Container Temperature Control (Suzhou) Corporation Ltd. from Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd. for approximately CNY 100 million.
UPM Raflatac has signed an agreement to acquire AMC AG, a Germany-based company specializing in coating of pressure sensitive filmic labelstock and graphics materials. The transaction is expected to close in Q3 2022.
Italian Cable Company (ICC) S.p.a. has acquired a majority stake in CMR S.r.l., a company producing electrical cables and industrial cables. The acquisition was announced on May 27, 2022.
JSW Steel proposed to merge its subsidiaries JSW Ispat Special Products (JISPL) and Creixent Special Steels with itself. The merger is expected to be completed in 12 months, subject to approvals.
Alro Steel acquired Klein Steel Service, a premier metals supplier and processing center based in Rochester, New York. Terms were not disclosed.
AutoGrid announced it has signed a definitive agreement to be acquired by Schneider Electric. The transaction is subject to regulatory approval and expected to close in the coming months.
Swedish industrial group Indutrade has acquired all shares in acti-Chem, a Danish provider of sustainable water purification solutions, from the founders and Blue Equity for an undisclosed amount.
Mitsui Chemicals has agreed to acquire the pellicle business of Asahi Kasei, including LSI and FPD pellicles, to strengthen its ICT solutions business.
Gennum will acquire Tundra Semiconductor for CAD 86 million (USD 69.6 million), creating Canada's largest semiconductor company. The acquisition is expected to close on May 8.
Japan's Rengo Group agreed to acquire Thimm Packaging Systems, the industrial goods division of Germany's Thimm Group, with the price kept confidential. The takeover awaits Federal Cartel Office approval, expected within weeks.
CALEOGLAS Group agreed to acquire an unknown minority stake in GK Glaskontor Erfurt GmbH from Compagnie de Saint-Gobain S.A. The closing is expected by summer 2022.
Cee-Bee Aviation, a division of McGean, has signed an agreement to acquire the Eldorado Aviation Product Line from PPG Industries. The acquisition is effective May 31, 2022.
National general contracting firm W.E. O'Neil Construction has acquired Austin-based DCA Construction. DCA's management team will remain in place.
Method Architecture, a certified minority-owned business, has acquired GSC Architects to strengthen its Austin and San Antonio presence.
An affiliate of Shadowbriar Capital Partners has acquired a controlling ownership stake in Benada Aluminum Products, an aluminum extrusion operation, from Big Shoulders Capital and ABGB Capital.
May River Capital launched Automated Handling Solutions, a new platform created by merging Spiroflow and Cablevey Conveyors. Spiroflow is a material handling machinery manufacturer, and Cablevey specializes in tubular drag conveyor solutions.
Compagnie de Saint-Gobain has agreed to acquire the whole of the issued share capital of GCP Applied Technologies Inc. The CMA is reviewing the merger.
ECARX Holdings has entered into a merger agreement with COVA Acquisition Corp. valuing ECARX at $3.82 billion pro forma equity value. The transaction includes $45 million from strategic partners Geely Holding Group, Luminar and Lotus Technology.