Crane 1 Services purchased the assets of Hoist & Crane Systems, an overhead crane service and equipment provider headquartered in the greater Charlotte market. The acquisition expands Crane 1's geographic service footprint.
TICA, the 100% shareholder of Smardt Chiller Group, has completed the acquisition of Smardt and announced expansion of all global Smardt manufacturing facilities to support its oil-free centrifugal chiller market presence.
ProSomnus, a sleep apnea device manufacturer, signed a definitive agreement to be acquired by Lakeshore Acquisition I Corp for $125 million, with a combined value of $168 million. The deal includes $30 million in convertible notes and a potential $10 million PIPE.
Premier Tech's water and environment division acquired drainage company Envirowise, based in Camberley, UK. The deal expands Premier Tech's commercial offer in the UK and European service network.
Smart Care, a portfolio company of Wind Point Partners, acquired Almcoe Refrigeration Company, a Dallas-based refrigeration services provider. The deal expands Smart Care's presence in Texas and adds commercial and industrial refrigeration capabilities.
Carlyle Group is reportedly set to buy Chinese packaging firm HCP for about $1 billion from owner Baring Private Equity Asia. The deal is reported to be expected to complete in the coming months.
A&M Capital Europe acquired a majority stake in Carton Pack, an Italian and Spanish food packaging maker with about 400 employees and three production sites. Current owners will stay on in their management roles.
ASDR Canada Inc., a firm providing engineering and water treatment services to the mining sector, has acquired ECO Technologies, an innovative dredging and environmental services company. The acquisition expands ASDR's geographical presence and water treatment offering.
Augury, an AI-based machine health company, has entered a definitive agreement to acquire Seebo, an AI startup that helps manufacturers prevent waste and lower emissions. The deal is valued between $100 million and $200 million in cash and stock.
Adept Fasteners, a distributor of aerospace fasteners, has acquired Innovative Tooling Services, a provider of tools and tool repair for the aerospace industry.
Augury, an IoT and industrial AI solutions provider, signed a definitive agreement to acquire Seebo, a leader in AI-based process intelligence, for a combination of cash and stock valued between $100 million and $200 million.
The Dantherm Group, a portfolio company of Deutsche Beteiligungs AG, has acquired Trotec GmbH, a manufacturer of mobile climate control products. The combined group will have around €360 million in revenue and 950 employees.
Allied Motion Technologies Inc. reached a merger agreement with ThinGap, a developer of slotless motors for aerospace, defense, and medical applications. ThinGap is based in Camarillo, California.
Hastreiter LLC acquired Stainless and Repair Inc., which builds heavy trucks, fire trucks, and repairs milk tankers. The company will operate as S&R Truck LLC, a sister company to Hastreiter Industries Corp.
Heraeus Holding GmbH acquired a majority stake in perPETual Technologies, a PET recycling company, and renamed it revalyu Resources GmbH. The company operates a manufacturing facility in Nashik, India, and employs around 300 people.
DBAG Fund VIII acquired a majority stake in Trotec Group, which will be combined with Dantherm Group under a Danish holding company. The combined entity will have revenue of approximately EUR 360 million and 950 employees.
Space Capital Club (SCC) acquired a 40% stake in Bruno Generators Group (BGG) through a vehicle, with First Capital and Next Holding investing EUR 4 million. The deal aims to support BGG's international expansion and future stock listing.
CECO Environmental Corp. acquired Compass Water Solutions, Inc., a supplier of membrane-based industrial water and wastewater treatment systems, for a total purchase price of $12.5 million. Approximately 70% was paid at closing with the balance over two years. Compass generated about $11 million in revenue in 2021.
Geely Automobile Holdings will subscribe for 34.02% of shares in Renault Korea Motors through a capital increase. The deal will enable production of hybrid and ICE vehicles at the Busan facility starting in 2024.
Brook + Whittle has acquired Diamond Flexible Packaging, a family-owned flexible packaging and converting company in Northbrook, Illinois, adding five pouch lines and bag-making capabilities.
The SOMATER group has acquired ANL Packaging, a European thermoforming company based in Wellen, Belgium with more than 400 employees and plants in Belgium, France and Poland, effective 10 May 2022.
TricorBraun has acquired UK glass packaging providers Continental Bottle Company and its affiliate DiBro for an undisclosed fee, strengthening its European presence.
The Radant Technologies Division of Communications & Power Industries (CPI) acquired AdamWorks, a composite structures manufacturer for aerospace and defense. AdamWorks is based in Centennial, Colorado.
Modular Devices Acquisition, a portfolio company of O2 Investment Partners, acquired Cardiac Services Mobile Inc. in Nashville. The acquisition adds nearly 33 percent more capacity to existing infrastructure.
AriensCo acquired Thomas Equipment, a Canadian manufacturer of skid steer loaders, on May 9, 2022. Terms were not disclosed.
Inflexion Private Equity Partners acquired a majority stake in Astrak, a pan-European distributor of undercarriage and wear parts for earthmoving equipment based in Kirkcaldy, Scotland.
Framatome announced the acquisition of the Energy and Defense subsidiaries of the EFINOR group, which operate in the nuclear energy and naval defense sectors in France and the UK. The acquisition strengthens Framatome's welding skills and component manufacturing expertise.
Saur has signed an agreement to acquire Veolia's European Mobile Water Services division for approximately €190 million, expanding its industrial water activities in Europe. The transaction is subject to regulatory approvals.
Global medical technology company Enovis has acquired Australian orthopaedic company 360 Med Care Pty Ltd. The acquisition aims to expand Enovis' orthopaedic care offerings and give 360 Med Care access to worldwide markets, especially the USA.
Murray & Roberts' Mining Platform has acquired majority interests in Terra Nova Technologies, a US materials handling specialist, and Insig Technologies, an Australian digital solutions provider for mining. The acquisitions extend the platform's capabilities in conveying systems and digitalization.
Marvell has announced a definitive agreement to acquire privately-held Tanzanite Silicon Solutions, a developer of Compute Express Link (CXL) technologies, in an all-cash transaction to strengthen its cloud-optimized CXL portfolio.
Dover agreed to acquire Malema Engineering, a Boca Raton, Florida designer of high-precision flow-measurement instruments for biopharma and semiconductor production, announced May 9, 2022. Malema will join Dover's PSG business unit within the Pumps & Process Solutions segment.
St. Johns Packaging completed its acquisition of Plasticos Uribe, a vertically integrated flexible packaging manufacturer based in Tlaquepaque near Guadalajara, Mexico, announced May 9, 2022. The deal adds Mexican manufacturing capacity alongside a new greenfield plant in Leon, Guanajuato.
Helios Technologies signed a definitive agreement to acquire the assets of Taimi R&D, a Canadian manufacturer of hydraulic swivel components, announced May 9, 2022. Terms were not disclosed and closing is expected in Q3 2022.
ETEM, an 80% subsidiary of ElvalHalcor, and Cosmos Aluminium signed a strategic cooperation agreement for the absorption merger of ETEM by Cosmos Aluminium, with ETEM shareholders receiving a minority stake in Cosmos Aluminium.
Heartland Home Services acquired Williams Refrigeration & Heating, a residential and commercial HVAC services company based in Warren, Michigan. The transaction closed on May 6, 2022.
Grupo Carso, through its subsidiary Condumex, acquired a package of shares in construction materials companies Elementia and Fortaleza, increasing its ownership to over 50% and gaining control of both companies, which were previously held by Grupo Kaluz.
Xuzhou Construction Machinery Group (XCMG) received approval from the China Securities Regulatory Commission to issue shares to acquire and merge with XCMG Construction Machinery Co., Ltd. at a price of 38.686 billion Yuan (approx. USD 5.9 billion). The transaction will inject assets including excavation machinery, concrete machinery, mining machinery, and tower cranes into the listed company.
COSMOS ALUMINIUM A.E. and ETEM A.E. signed a memorandum of cooperation for the absorption merger of ETEM by COSMOS Aluminium, with VIOHALCO Group indirectly acquiring a minority stake in COSMOS Aluminium. The combined entity is expected to have turnover over EUR 300 million and production capacity over 70,000 tonnes.
Holcim has completed the acquisition of PRB Group, France's largest independent manufacturer of specialty building solutions, with estimated 2022 net sales of EUR 340 million. The acquisition expands Holcim's Solutions & Products portfolio in Europe.
OM Holdings (OMH) has made a $120 million offer to purchase the remaining 25% stake in its Malaysian subsidiaries OM Sarawak and OM Samalaju from joint venture partner Samalaju Industries (SISB), a unit of Cahya Mata Sarawak.
Tricel, a European engineering and composites company, has acquired Biokube A/S, a Danish manufacturer of packaged wastewater treatment systems. The acquisition expands Tricel's Environment Division into new product and geographic markets.
BICO acquired all shares of San Diego-based Allegro 3D Inc. for an upfront enterprise value of USD 6 million, plus up to USD 5 million in earnout. The acquisition adds light-based 3D bioprinting technology to BICO's portfolio.
InterSky Precision Aerospace acquired T-Aerospace LLC, an asset purchase to expand MRO services for cargo, commercial and military aviation. T-Aerospace will operate as an independent unit in Memphis, Tennessee.
TRIGO Group, owned by Ardian, has acquired French start-up SCORTEX, which specializes in AI for automated quality control. TRIGO will invest five million euros in SCORTEX in 2022 and double its workforce. The acquisition amount is not disclosed.
Spinal Simplicity, a medical device company, acquired Intralink-Spine and its injectable spinal disc stabilization product. The deal includes a novel technology using naturally derived compounds.
Kinshofer GmbH acquired a majority stake in Italian company Trevi Benne S.p.A., as announced on May 5, 2022.
Combex Bouwlogistiek, part of AB Transport Group, acquired MAY Transporte GmbH and MAY Reparatur Services in Germany on May 5, 2022. The acquisition expands Combex's construction logistics activities in Germany.
Schneider Electric finalized its takeover of IGE+XAO following shareholder approvals, announced on May 5, 2022.
Blue Point Capital Partners' concrete industry platform SASE Company has added Bartell Global, a provider of concrete finishing, site preparation and surface preparation equipment and consumables based in Mississauga, Ontario. The combined company will expand geographic reach.