Tianshan Cement Co., Ltd. signed a letter of intent to acquire cement-related business subsidiaries from Ningxia Building Materials Group Co., Ltd. for cash. The announcement was made on April 15, 2022.
The SEER Group acquired a majority stake in Hassler Heating and Air Conditioning Inc., an HVAC solutions provider in El Cerrito, California. Terms were not disclosed.
Viva Energy Group agreed to acquire LyondellBasell Australia (LBA), a polypropylene manufacturer and distributor based in Geelong, Australia. The business employs about 100 people and supplies the Australian and New Zealand markets.
Tecnovac srl acquired Chrimax srl, both Northern Italian manufacturers of flexible packaging machinery for the food industry. Tecnovac produces packaging machines for food, industrial, and pharmaceutical sectors; Chrimax specializes in flow pack packaging machines.
Cummins Inc. closed its acquisition of Jacobs Vehicle Systems (JVS) from Altra Industrial Motion Corp. JVS supplies engine braking, cylinder deactivation, start and stop and thermal management technologies, with facilities in Bloomfield, CT and Suzhou, China.
DEXTER, a subsidiary of DexKo Global, acquired the business and assets of Premium Supply Ltd., a supplier of custom trailer hoists, hydraulic kits, pumps, controls and accessories in Greenville, Texas.
Westinghouse Electric Company has signed a definitive agreement to acquire BHI Energy, expanding its capabilities in nuclear plant maintenance, modification services, and renewables.
Vicat Cement Egypt has received approval from the Financial Regulatory Authority to acquire a 42.12% stake in Sinai Cement Co at EGP6.74 per share, increasing its ownership to 100%.
ArcelorMittal SA agreed to acquire 80% of Voestalpine's hot briquetted iron plant in Corpus Christi, Texas, in a deal valuing the operations at $1 billion. The acquisition includes a long-term offtake agreement with Voestalpine.
Foxconn (Hon Hai Technology Group) acquired the wireless telecommunications business of Arqana, including its Leuven-based Si-CMOS innovation center and Taiwanese office. The acquired activities were merged with Foxconn's subsidiary Achernartek and rebranded as Icana. Financial details were not disclosed.
Copper Mountain Mining Corporation acquired Altona Mining Ltd. for approximately A$93 million, gaining access to Altona's assets including a permitted development project in Queensland, Australia.
Océinde, an industrial group from Reunion Island, acquired PPG's activities in Senegal, Cameroon, Gabon, Ivory Coast and Algeria. The acquisition will create a new division, Mauvilac Industries Africa, with new plants and 250 employees.
Hon Hai Precision Industry Co acquired the wireless telecommunications unit of Arqana Technologies BV to expand into RF semiconductors for electric vehicles and 5G applications. The unit will be merged with AchernarTek Inc to form iCana Ltd.
Distrupol, an affiliate of GPD Companies, has entered into an asset purchase agreement to acquire Oy Baritec AB, a Nordic distributor of plastics and plastic additives. The deal is expected to close at the end of April 2022.
Vicat plans to buy another 42% stake in Sinai Cement, which would bring its ownership to 98% of the Egyptian company. A settlement agreement was signed in March 2022 between the Egyptian government and Vicat, resolving a previous investment dispute.
Hirsch Servo AG acquired Slovakian mold tooling specialist Ingmetal and Slovenian mechanical engineering company Koviflex. The acquisitions strengthen Hirsch Servo's position as a leading EPS specialist in Europe.
RR Kabel announced it will acquire the fans and lighting business of Luminous, a brand owned by Schneider Electric. The deal value was not disclosed. The Luminous brand will be retained for about four years.
Hon Hai Technology Group (Foxconn) completed the acquisition of arQana's Wireless Telecommunications business, merging it with AchernarTek Inc. to form iCana, a global RF semiconductor component supplier.
Trimble entered a definitive agreement to sell its Time and Frequency, LOADRITE, Spectra Precision Tools and SECO accessories businesses to Precisional LLC, an affiliate of The Jordan Company, expected to close in Q2 2022.
WT Microelectronics, through its subsidiary WT Semiconductor, will acquire 100% of Excelpoint Technology for S$1.93 per share, valuing the company at over S$232.2 million. The deal is expected to close in Q3 2022.
IAG M&A Advisors announced the sale of Precision Powered Products, a Houston maker of oil and gas pump products installed on over 40% of Gulf of Mexico rigs. The buyer was not named and the price was not disclosed.
Trillium Flow Technologies, a First Reserve portfolio company, has completed its acquisition of Termomeccanica Pompe, a La Spezia, Italy maker of vertical turbine and split case pumps. The deal expands Trillium's water infrastructure exposure.
United Robotics Group has agreed to acquire SoftBank Robotics Europe SAS, the developer of the Pepper robot. SoftBank will take a minority stake in United Robotics Group, and the two will cooperate on global robot marketing. The deal size was not disclosed.
Metso Outotec signed an agreement to acquire Tesab Engineering Ltd, a Northern Ireland-based mobile crushing equipment manufacturer, with 2021 turnover of approximately EUR 30 million and over 60 employees.
JM Baxi Heavy has signed a definitive agreement to acquire Allcargo Logistics' project forwarding and logistics business and a binding offer to acquire Lift & Shift India's heavy and over-dimension cargo logistics business. Both will merge into JM Baxi Heavy.
Actis, a global sustainable infrastructure investor, purchased a 50% stake in Emirates District Cooling Company (EMICOOL) from Dubai Investments at a corporate valuation of US$ 1 billion, forming a joint venture to grow Emicool.
CONTUS-Gruppe, a portfolio company of Auctus Capital Partners, acquired A. Schmidt GmbH & Co. KG, a German company specializing in building and industrial technology services including sanitation, heating, ventilation, and electrical work.
Univenture BGP, a joint venture between Univentures and B.Grimm Power, acquired power plant operator Eastern Cogeneration Company (E-Cogen) for THB 11.33 billion (USD 351.5 million).
ATC Drivetrain, a global remanufacturer of automotive powertrain systems, acquired UK-based Treharne Automotive Engineering, which specializes in EV battery lifecycle management, including second-life applications, recycling, and diagnostic equipment.
Navis TubeTex, a provider of finishing machinery to the textile industry, announced the purchase of Gaston Systems, a designer of advanced coating systems for textile and nonwoven industries.
CTS Corporation has signed a definitive agreement to acquire Meggitt A/S (Ferroperm Piezoceramics) from Meggitt PLC for DKK 525 million in cash. Ferroperm specializes in high-performance piezoceramic components for medical, industrial, and aerospace applications.
Berlin Packaging acquired Panvetri, a family-owned supplier of glass and metal packaging for wine and olive oil based in Modugno near Bari, Italy. All employees and locations will be retained; the deal is its 20th acquisition in EMEA since 2016.
Norwegian insulation and packaging group Bewi agreed to buy all shares of Trondhjems Eskefabrikk, a Trondheim maker of cardboard boxes for the food industry. The deal is subject to competition authority approval and the price was not disclosed.
EDF and GE signed a definitive agreement for EDF to acquire GE Steam Power's nuclear conventional island business, including Arabelle turbines, for new nuclear plants and maintenance outside the Americas.
Motherson Group is in advanced talks to acquire Marelli, the Italian auto components maker owned by KKR. The deal is expected to be announced by the end of May or early June 2022.
Fluence has entered into an agreement to acquire Nispera AG, a Zurich-based provider of AI and machine learning-enabled SaaS for the renewable energy sector. Terms were not disclosed.
Liberty Hall Capital Partners acquired Ferra Holdings Limited through its portfolio company Accurus Aerospace Corporation. Ferra is a supplier of engineered components for military and commercial aerospace, with facilities in Australia, the US, and India.
Beca will acquire Hunter H2O's shares, creating Beca HunterH2O, a combined water industry consultancy with over 300 water technical specialists across Asia-Pacific. The transaction will be completed at the end of April 2022.
MV-Jäähdytys Oy acquired Finnish refrigeration and electrical engineering company Elcool Oy for an undisclosed sum. Elcool, founded in 2008, specializes in ventilation, cooling, heat pump systems and heat recovery, with sales of EUR 3.7 million in FY21.
American Axle & Manufacturing (AAM) announced it has entered into a definitive agreement to acquire Tekfor Group, a German specialist in automotive fasteners and metal formed components for e-mobility, for an enterprise value of €125 million. The transaction is expected to close in Q2 2022.
Azimut Libera Impresa SGR, on behalf of its private equity funds, together with HLD Group, signed a binding agreement to acquire 80% of C.B.G. Acciai S.p.A., a steel blade processing and trading company, from Xenon Private Equity VII and the Filippini Fantoni family.
Parker-Hannifin announced that the European Commission has cleared its acquisition of Meggitt PLC, conditional on the divestment of Parker's Aircraft Wheel and Brake division. The deal is expected to close in Q3 2022.
Dragon Products has completed the acquisition of specific assets of Vantage Trailers, including trademarks and patents for aluminum bulk aggregate/aluminum dump trailers and pneumatic trailers. Terms were not disclosed.
TricorBraun agreed to acquire PB Packaging, a wholly owned subsidiary of ASX-listed Pro-Pac Packaging, expanding its presence in Australia. PB has 140 team members and the deal is expected to close in Q2 2022, subject to Foreign Investment Review Board approval.
Wolter, Inc. has acquired Valley Industrial Crane, a crane and hoist service provider in Dayton, Ohio. The acquisition adds crane and hoist support to Wolter's existing business group.
North Ridgeville-based manufacturer JBC Technologies acquired HST Materials, Inc., expanding its geographic footprint and market presence in the automotive and off-road transportation sector.
Norwegian investment company Ferd has agreed to acquire a 33% minority stake in Aidian from Nordstjernan, which had acquired 100% of Aidian earlier in 2022. The deal was dated April 8, 2022.
LemuGroup has announced its acquisition of Mida Machinery, a Spanish manufacturer of printing and digital finishing equipment, signed and executed as of April 8, 2022.
BAUMIT GmbH has filed for merger control approval to acquire the shares of SAKRET Trockenbaustoffe Dr. Arnold Schäfer GmbH. The companies operate in the building materials market.
TJM Capital Partners purchased the Machine Tool Solutions Division of the UK's 600 Group, including Colchester Machine Tool Solutions and Clausing Industrial, on April 8, 2022.