Crete Mechanical Group has acquired a majority stake in Pro Tech Mechanical Inc., a Texas-based MEP contractor specializing in HVAC and building controls.
Eyelit, a leader in MES and factory automation solutions, acquired MESTEC, a UK-based SaaS vendor of multi-tenant cloud-based MES/MOM solutions. The acquisition aims to expand Eyelit's offerings in discrete manufacturing, with investments in development and sales for CPG, medical devices, and aerospace & defense.
Vemarfin Group Srl, which already owned Azmec, acquired the Riva family company Riva Tecnoimpianti in May 2022. The deal created a metalworking hub focused on vacuum pumps and liquid ring compressors.
Sunlight Group signed an agreement to acquire 80% of PBM S.R.L., an Italian manufacturer of battery chargers. The deal was signed on April 29, 2022.
KPS Capital Partners acquired the porcelain enamel, glass coatings and forehearth colorants businesses of Prince International Corporation, which operate as PEMCO International.
Plastic Omnium is acquiring auto lighting units from Varroc for $634 million.
Filtration Group Corporation, through its subsidiary Clear Edge Filtration GmbH, acquired the remaining 40% of IBS Filtran Kunststoff/Metallerzeugnisse GmbH, gaining sole control of the German filtration systems producer.
Incitec Pivot Limited, owner of Dyno Nobel, completed the purchase of Titanobel Group, a French industrial explosives manufacturer and services provider, through the acquisition of 100% of shares in Explinvest.
Norsk Hydro announced a tender offer to acquire 100% of shares of Alumetal S.A., a Polish aluminium recycler listed on the Warsaw Stock Exchange, for PLN 68.4 per share, representing an aggregate equity purchase price of approximately PLN 1.066 billion (approx. EUR 232 million).
Varroc Engineering signed an agreement to sell its four-wheeler lighting business (Varroc Lighting Systems) to France's Compagnie Plastic Omnium SE for 600 million euros. The transaction includes operations in the USA, Brazil, Mexico, Poland, Czech Republic, Germany, Turkey, and Morocco.
Epiroc has agreed to acquire JTMEC, an Australian provider of electrical infrastructure for mines, supporting the transition to battery electrification. The acquisition is expected to close in Q2 2022.
The Timken Company has agreed to acquire Spinea, a European manufacturer of cycloidal reduction gears and actuators for high-precision automation and robotics. The transaction is expected to close in several weeks.
Two top executives of United Co. Rusal International PJSC agreed to buy out the U.S. unit Rusal America and rename it PerenniAL. The new company will continue selling Rusal's metal and also offer aluminum from other sources.
Flender, a drive technology manufacturer based in Bocholt, Germany, has completed the acquisition of Finnish wind turbine gearbox manufacturer Moventas. The acquisition adds 3 GW of wind gearbox assembly capacity and expands Flender's service capabilities.
STARK Deutschland GmbH announced the acquisition of the KONZ Group, a family-owned building materials distributor based in Waiblingen, Germany. The signing occurred on April 14, 2022. KONZ Group operates seven locations in Baden-Württemberg and Saxony, with 2021 revenue of about €109 million.
AkzoNobel N.V. completed its acquisition of Colombia-based paints and coatings company Grupo Orbis, which has consolidated revenue of around €360 million. The transaction includes the Pintuco paints business, Andercol and Poliquim (resins, adhesives, specialty chemicals), and distribution services.
Ningxia Building Materials, a subsidiary of China Building Materials, signed an agreement to absorb China Building Information through a share swap, issuing A-shares to all shareholders of China Building Information.
ESMT's board approved the merger of its wholly-owned subsidiary ELITE SEMICONDUCTOR MEMORY TECHNOLOGY INC. (PSI) with ELITE SILICON TECHNOLOGY INC. (EST), with EST being extinguished. PSI will pay cash consideration of NT$0.33 per EST share.
Elopak and GLS launched GLS Elopak, a 50/50 joint venture headquartered in Gurugram, Haryana, to make fresh and aseptic carton packaging at a manufacturing hub in Rewari, Haryana, India.
Daikin Industries has signed a share purchase agreement to acquire Duplomatic MS S.p.A., an Italian hydraulic equipment manufacturer, for 220 million euros from Alcedo SGR and management. Completion is scheduled for June 2022.
Manitou Group announced the acquisition of a majority shareholding in its Finnish dealer Lifttek, based near Helsinki, effective April 27, 2022.
Getinge announced an agreement to acquire 100% of the shares in FLUOPTICS SAS, a French leader in fluorescence imaging for surgery, for approximately EUR 26 million in cash.
Caelum was selected as the final acquirer of Hana ITM, an aircraft engine parts company. The acquisition process is expected to be completed by May 2022.
UMC plans to increase capital in its Cayman Islands subsidiary to purchase shares of United Semiconductor (Xiamen) from Xiamen Jinyuan Industry Development and Fujian Electronic Information Industry Venture Capital Partnership, for a total of RMB 4.86 billion (approx. USD 784 million). The transaction will be completed over three years.
Royal HaskoningDHV entered a cooperation agreement to buy the patents for HpH digestion technology from Anglian Water and will market it as 'Helea' for advanced sludge digestion.
CAREL acquired a further 30% of Arion S.r.l. from Bridgeport S.p.A., increasing its total shareholding to 70%. The consideration was approximately €1.2 million.
Dalkia, an EDF subsidiary, signed an agreement to acquire US Chiller Services companies in the UAE, Qatar, Bahrain, and the US from the Al Shirawi Group. US Chiller Services specializes in cooling plant operation and maintenance.
Medtronic signed an agreement with Acutus Medical to acquire its left-heart access portfolio, including the AcQCross and AcQGuide product lines, for exclusive distribution and eventual ownership.
Cochlear Limited agreed to acquire Oticon Medical, Demant's hearing implants business, for DKK 850 million (approx. AUD 170 million). The deal includes cochlear and acoustic implants and a base of over 75,000 recipients.
Giga Carbon Neutrality Inc (GCN) has signed a Memorandum of Understanding to acquire a majority stake in Admiral Corporation of America Inc and its subsidiaries.
Australian-Singaporean water treatment company De.mem Ltd has acquired Stevco Seals & Pumps Victoria Pty Ltd, based in Epping, Victoria, to expand its cross-selling of membrane-based systems.
Gorman-Rupp agreed to acquire the assets of Fill-Rite and Sotera, a division of Tuthill Corporation, for $525 million, or about $445 million net of expected tax benefits. The deal is expected to close in the second quarter of 2022.
NIM Group has entered into a definitive agreement to acquire Plateplus, Inc.'s Tulsa, Oklahoma facility. The transaction is expected to close on April 29, 2022.
May River Capital formed Automated Handling Solutions by combining Spiroflow and Cablevey Conveyors, creating a material handling equipment and automation platform.
Novaria Group has signed a definitive agreement to acquire FMi Chemical, a supplier of nonmetallic aerospace sealants and coatings. The transaction is expected to close in May 2022.
South Korea's LX Group is looking to acquire US-listed Magnachip Semiconductor Corp. to create synergy with its foundry affiliate LX Semicon. The deal could be valued at up to 1 trillion won.
Trelleborg Sealing Solutions has signed and finalized the acquisition of EirMed, LLC, a US-based company specializing in precision plastic injection-molded components for medical devices, with sales of approximately SEK 100 M in 2021.
KÖBERL Group, a Gimv portfolio company, has acquired KRIOTEC Kälte- und Klimatechnik GmbH and KRIOTEC Gewerbekälte GmbH, expanding its portfolio into cooling, refrigeration and air conditioning technology in the Frankfurt/Rhein-Main region.
Cyient, an IT firm, will acquire Citec, a plant and product engineering services company, for approximately Rs 800 crore in an all-cash deal. Citec serves energy, mining, process, oil and gas, and manufacturing industries, with 1,200 employees worldwide.
Alliance Automotive Group (AAG) has signed a definitive agreement to acquire all shares in Knoll GmbH and Transport + Logistik Schleiz GmbH, along with parts of Manfred Knoll Holding GmbH & Co. KG. Knoll, headquartered in Bayreuth, Germany, generated net sales of 107 million euros in 2021.
Mitsubishi Logisnext Europe B.V. acquired all shares of its UK importer Red Diamond Distribution Ltd. The acquisition aims to drive expansion of the Mitsubishi Forklift Trucks brand in the UK.
Terex Corporation announced the acquisition of Steelweld, a manufacturer of heavy fabrications based in Northern Ireland. The purchase supports Materials Processing's growth strategy by increasing fabrication capabilities.
Advanced Energy Industries, Inc. completed the acquisition of SL Power Electronics Corporation from Steel Partners Holdings L.P. The acquisition adds complementary products to Advanced Energy's medical power offerings and extends its presence in industrial markets.
WM SE signed an agreement on April 22, 2022 to acquire 100% of MTS MarkenTechnikService GmbH & Co. KG from Deutsche Bahn subsidiary Schenker AG and other shareholders. The transaction is subject to antitrust approval and other conditions.
Catalent has acquired ERYTECH's U.S. cell therapy manufacturing facility for $44.5 million. The companies also entered a long-term supply agreement for eryaspase (GRASPA).
Borosil Renewables has approved the acquisition of 100% stakes in GMB Glasmanufaktur Brandenburg GmbH and Interfloat Corporation, both solar glass manufacturers. The deal includes cash and performance-based earnouts.
DSM has agreed to sell its protective materials business, which produces Dyneema ultrahigh-molecular-weight polyethylene fiber, to Avient for nearly $1.5 billion.
Tower Semiconductor shareholders approved the acquisition by Intel for $53.00 per share in cash, valuing the deal at approximately $5.4 billion. The transaction is subject to regulatory approvals.
Lyngson Group acquired Swedish company Vasatherm AB, a leading provider of high-efficiency and quiet fan coil units for comfort cooling. The acquisition was announced on April 25, 2022.
Novvia Group acquired Southern Container, a Dalton, Georgia distributor of intermediate bulk containers, plastic and steel pails and drums, and other rigid packaging. The terms were not disclosed. The deal closed on April 25, 2022.