Knight Material Technologies (KMT) acquired Electro Chemical Engineering and Manufacturing Co. (EC), a leader in fluoropolymer-lined vessels. The acquisition will expand KMT's product offering and market reach, including the U.S. Gulf Coast.
SCC Power Plc acquired the business enterprise of Stoneway Capital Corporation, consisting of four power generation facilities in Argentina with 737 MW capacity, as part of a restructuring plan. The consideration included $527.9 million in secured notes.
Nicolás Correa S.A. acquired 88% of NC Service Milling Machines S.A. from Inmobiopres Holding S.A. for €2.42 million. NC Service Milling Machines specializes in installation, after-sales service, and maintenance of machine tools.
StandardAero signed an agreement to acquire EB Airfoils, a fan blade, compressor blade and vane MRO provider for the aero-engine market. EB Airfoils operates from two facilities in Palm City, Florida, with nearly 20,000 square feet of operations and approximately 50 employees.
Thunderbird LLC acquired MPR Plastics Inc., a precision injection-molding company located in Elgin, Illinois. The acquisition includes a 38,000 square foot facility with 23 injection molding machines and 80 employees, expanding Thunderbird's injection-molding support for medical, defense, aerospace, transportation, and high-tech OEMs.
Micross Components acquired PAAL Technologies, a provider of MIL-STD-1553 Data Bus Couplers, Harnesses and RF/Wideband Transformers for defense, aerospace, and space markets. PAAL's products are designed and manufactured in the U.S.
Private equity firm Altor has signed an agreement to acquire a majority stake in Nordic Climate Group, a leading refrigeration contractor in Sweden and Norway, from Capillar Equity. The group has estimated revenues of SEK2.2 billion and employs around 800 people.
MannKind Corporation has agreed to acquire the V-Go wearable insulin delivery device from Zealand Pharma for $10 million plus sales-based milestones and inventory costs, expanding its diabetes portfolio.
LX Semicon has decided to acquire a 10.93% stake in Telechips for KRW 26.8 billion to collaborate on automotive semiconductor R&D.
Race Winning Brands (RWB), a portfolio company of Middleground Capital, acquired Haltech Engine Management Systems, an Australian expert in electronic engine management systems for performance and racing applications.
US-based Clearfield Inc. has agreed to acquire the entire share capital of Nestor Cables Oy for approximately USD 22 million. The transaction is expected to close during the early part of the third quarter of 2022.
Envista Holdings Corporation has entered into a definitive agreement to acquire Osteogenics Biomedical Inc, Allotech LLC and OBI Biologics, Inc. The transaction is expected to close in the third quarter of 2022.
Macfarlane Group bought PackMann in Germany in an €8.6 million acquisition to expand its distribution division.
On May 16, 2022, Chinese listed distributor Yachuang Electronics disclosed plans to acquire 60% equity of Shenzhen Ouchanxin Semiconductor Co., Ltd. for CNY 240 million in cash. This follows a January 2022 acquisition of a 55% stake in Shenzhen Yihai Nengda for CNY 117 million.
Emerson combined its industrial software businesses (OSI Inc. and Geological Simulation Software business) with AspenTech, closing the transaction on May 16, 2022. Emerson owns 55% of the new AspenTech.
SK Capital has acquired Valtris Specialty Chemicals, a polymer additives maker.
Steel Dynamics has entered into a definitive agreement to acquire ROCA ACERO S.A. de C.V., a ferrous and nonferrous scrap metals recycling business headquartered in Monterrey, Mexico, with four scrap processing facilities in Central and Northern Mexico.
EKOTON Industrial Group and ESMIL Process Systems announced a brand merger, operating under the common name ESMIL Group, combining their wastewater treatment equipment and membrane filtration businesses.
MVI Fund II has acquired a significant ownership stake in SMP Parts, a leading full-range supplier of excavator attachments such as tiltrotators, fast couplers, and buckets. MVI Fund II gains control from MVI Equity, which had controlled the company since 2014.
Brainlab, a digital medical technology company, has acquired a majority stake in medPhoton, an Austria-based developer and manufacturer of robotic imaging solutions for image-guided radiation.
AZZ Inc. completed its acquisition of Precoat Metals, a metal coil coating solutions provider, from Sequa Corporation. Precoat has 13 manufacturing facilities and approximately 1,100 employees.
Nucor Corporation agreed to acquire C.H.I. Overhead Doors, a manufacturer of overhead doors, from KKR for $3.0 billion. The deal is expected to close in June 2022.
Three chemical companies—Rusmar, NCM Odor Control and Crowley Chemical—merged to create a new environmental solutions provider, Atmos Technologies, headquartered in Newtown Square, Pennsylvania.
The Crosby Group has entered into a definitive agreement to acquire all outstanding shares of KITO CORPORATION via a cash tender offer at JPY 2,725 per share, combining two lifting solutions providers. The deal is expected to close in H2 2022.
Airbus, Safran and Tikehau Ace Capital have signed a MoU to acquire 100% of Aubert & Duval from Eramet through a joint holding company. Aubert & Duval is a strategic supplier of special materials and superalloys for aerospace, defence and nuclear industries.
Altor Fund V has signed an agreement to acquire a majority stake in Nordic Climate Group, a services and solutions company in the cooling and heating industry, from Capillar Equity. The transaction is subject to regulatory approval.
Italian pump maker Pedrollo Group has acquired a majority share of Superior Pump, the US water pump brand of Michel Sales Company in Saint Paul, Minnesota, to expand its North American presence.
Kenya's Competition Authority unconditionally approved Ramco Plexus's acquisition of sole control of flexible packaging maker Platinum Packaging, which it will buy from Carton Manufacturers for about KES500m ($4.27m).
Adani Group signed a binding agreement to acquire Holcim's entire stake in Ambuja Cement and ACC, including open offer, for CHF 6.4 billion (USD 10.5 billion).
PETRONAS Chemicals Group Berhad (PCG) has signed a Securities Purchase Agreement to acquire the entire equity interest in Perstorp Holding AB from Financière Forêt S.à.r.l, a company under PAI Partners.
Hubbell Incorporated acquired Meramec Instrument Transformer Co., a manufacturer of instrument current transformers for the electric power industry, in November 2017. Terms were not disclosed.
Jamestown Coating Technologies will acquire Yenkin-Majestic's industrial paint business, which produces coatings for the OEM market under the YM-Industrial brand.
Daikin has reached an agreement to acquire Duplomatic MS SpA, an Italian manufacturer of hydraulic equipment, for €220 million. The acquisition is expected to close in June 2022.
Carnegie Fabrics, a manufacturer of sustainable textiles and space management solutions, has acquired Kirei, a San Diego-based provider of acoustic design solutions. Both companies will continue to operate from their respective headquarters.
JERA, through its subsidiary JERA Americas, has agreed to acquire a 100% interest in the Canal Thermal Power Station in Massachusetts and the Bucksport Thermal Power Station in Maine, with a total capacity of approximately 1.63 GW, from an affiliate of Stonepeak.
Hemostasis LLC closed the acquisition of Fiagon Medical Technologies, a developer of electromagnetic surgical navigation systems and navigable sinuplasty balloons for ENT procedures.
Marshall Excelsior Company, a Harbour Group company, acquired Specialty Valve Group, LLC, a Houston-based exclusive U.S. distributor of Xanik specialty valves, announced 13 May 2022. Terms were not disclosed.
HB Returnable Transport Solutions acquired CC European Retail, a Charlottenlund, Denmark maker of reusable packaging materials for retail stores, on 13 May 2022. Terms were not disclosed.
Ramos STS, a Spanish protective clothing company, has acquired DESUL, a Spanish manufacturer of disposable protective clothing and PPE. The acquisition agreement was signed on 12 May 2022.
Eyelit, a provider of MES and factory automation solutions, acquired MESTEC, a UK-based SaaS MES/MOM vendor. The acquisition aims to expand Eyelit's cloud-based manufacturing software offerings.
Bemis Associates Inc., a manufacturer of thermoplastic films, tapes, and adhesives, has acquired France-based Protechnic. Protechnic will operate as a wholly owned subsidiary of Bemis.
Mutares SE & Co. KGaA completed the acquisition of the Sheffield operations of Allegheny Technologies Incorporated (ATI). The business, now named Special Melted Products Limited, is a supplier of forged and machined products in Sheffield, UK, with expected 2022 revenues of approximately EUR 80 million.
Palfinger AG acquired the 35% minority interest in Guima Palfinger S.A.S. from Compagnie Générale Vincent S.A.S., giving Palfinger 100% ownership. The transaction is planned to close in May 2022 and supports Palfinger's Strategy 2030 and global Hooklift strategy.
3D printer manufacturers MakerBot and Ultimaker announced a merger to accelerate additive manufacturing adoption, with $62.4 million in funding from investors NPM Capital and Stratasys. The combined company will retain dual headquarters in the Netherlands and Brooklyn, N.Y., and the deal is expected to close in the next few weeks.
OEM Group, an industrial fabricator and manufacturer based in Perth, Australia, acquired AMS GSE, a Tasmanian-based global supplier of ground support equipment. The acquisition expanded OEM Group's aviation component and created four additional jobs locally.
G.S. Precision, a portfolio company of AE Industrial Partners, acquired F.T. Gearing Systems, a UK-based manufacturer of tight-tolerance gear components for aerospace.
Biscuits Leclerc Ltd acquired a 790,000-square-foot facility in Brockville, Ontario, and plans to equip it with automated packaging lines from Syntegon Packaging Systems AG.
Atlas Copco AB plans to acquire Geveke B.V. and LEWA GmbH, a maker of dosing and process pumps. The companies notified the Dutch competition authority ACM on 12 May 2022.
Vestelli Group Oy acquired the shares of Vestelli Oy and Oy Smartel Electronics Ab on May 11, 2022, combining their wastewater solutions businesses. Pikespo Invest Oy becomes a minority shareholder.
Lordstown Motors closed the sale of its Lordstown, Ohio vehicle assembly plant to Foxconn for $230 million, plus reimbursement of approximately $27 million in operating and expansion costs. The deal includes a contract manufacturing agreement for the Endurance electric pickup truck.