Contech Engineered Solutions announced it is merging the product lines of Bio Clean into its stormwater management product portfolio, following Quikrete Holdings' acquisition of Forterra Inc, Bio Clean's parent company.
Toyota Industries Corporation (TICO) signed an agreement to acquire all shares of viastore Group, an international intralogistics systems provider. The transaction is subject to antitrust approval and expected to close in Q3 2022.
Hanwha Aerospace is pursuing the sale of Hanwha Precision Machinery's machine tool division, with an expected price of around 200 billion KRW. Potential buyers include Affirma Capital and Global Sae-A.
Karnell Group AB acquired a 72.5% majority stake in Drivex AB, a Swedish manufacturer of attachments for wheel loaders, with the existing owners retaining 27.5%.
Australian uranium explorers Deep Yellow Limited and Vimy Resources agreed on a A$658 million ($493.24 million) merger, with Deep Yellow acquiring 100% of Vimy shares.
Eastman Chemical Company completed the sale of its adhesives resins business to Synthomer plc for $1 billion in cash. The sale included hydrocarbon resins, pure monomer resins, polyolefin polymers, rosins and dispersions, and oleochemical and fatty-acid based resins product lines.
Komatsu Chile S.A. approved a merger by incorporation of Komatsu Reman Center Chile S.A., effective April 1, 2022. The merger includes a capital increase of US$3.5 million.
Jet Investment, through its Jet 2 fund, acquired 100% of Rockfin, a Polish manufacturer of oil and fuel systems for turbines, generators, and compressors. The transaction value was not disclosed.
Finnish paper-industry equipment maker Valmet completed its merger with valve company Neles on April 1, 2022, creating a combined company with valve and automation operations.
Alfa Laval signed an agreement to acquire Desmet, which engineers and supplies processing plants and technologies for edible oils and biofuels. Desmet is headquartered in Brussels and employs around 1,000 people.
AES Engineering Group acquired a controlling stake in Stevco Seals & Pumps and Australian Engineering Sales & Service, forming AESSEAL NSW Pty Ltd in New South Wales. The price was undisclosed and the deal was completed on March 31, 2022.
Neles Corporation and Valmet Oyj completed their merger, with trading in the new Valmet shares starting April 1, 2022. The Finnish Financial Supervisory Authority had approved a supplement to the merger prospectus.
FPS Food Process Solutions acquired a 140,000 sq ft facility in Michigan to serve as its new US headquarters, with US-based manufacturing, fabrication and service. Production is expected to commence before end of 2022, with full manufacturing in early 2023.
Tejas Networks, a Tata Group company, will acquire a 64.40% stake in semiconductor firm Saankhya Labs for Rs 283.94 crore in an all-cash deal. The initial acquisition is expected to close within 90 days.
The Korea Fair Trade Commission cleared SK Hynix's 576-billion-won ($480 million) acquisition of Key Foundry Co., a foundry company, which will double SK Hynix's total foundry capacity to about 200,000 wafers.
SEMIKRON and Danfoss Silicon Power announced a merger to form a Power Electronics business focused on power semiconductor modules.
SK hynix is in talks with other corporations to jointly invest in and acquire Arm from SoftBank. The co-CEO confirmed the discussions but declined to name partners.
Aker Horizons announced it will merge with Aker Clean Hydrogen and Aker Offshore Wind, consolidating the two companies under Aker Horizons.
LX International acquired 100% of Korea Glass Industry, known for the Hanglas brand and Korea's second-largest glass manufacturer, for 592.5 billion won. Korea Glass Industry produces flat glass and coated glass for buildings and homes.
South32 announced a delay in the expected closing date of its acquisition of an additional shareholding in Mozal Aluminium from Mitsubishi, now expected to complete in mid-2022 pending regulatory approval in Mozambique.
Kerry Logistics Network acquired a majority stake in Pro-Med Technology Ltd, a Hong Kong-based supplier of rehabilitation equipment, to strengthen its medical equipment distribution business under the Kerry Medical brand.
Danfoss and Semikron entered into a business combination agreement to combine their subsidiaries Danfoss Silicon Power and SEMIKRON INTERNATIONAL under a new holding company, with Danfoss holding the majority. The joint venture will focus on power semiconductor modules.
Celanese and Mitsubishi Gas Chemical completed the restructuring of their 50/50 joint venture Korea Engineering Plastics Co. (KEP). KEP will now focus solely on manufacturing and supplying products to its shareholders, who will independently market them globally without competitive restrictions.
Fidelium portfolio company Evamo acquired the steering and transmission pump business of Bosch Automotive Steering through a carve-out, with NETWORK advising on the external financing. Evamo has about 900 employees across six sites.
The Samuel Grant Group has acquired Clingfoil, a Stockport-based distributor and manufacturer of protective packaging and stretch film with £7m annual sales, keeping its 21 staff.
Rengo Co. acquired 100% of the shares of Takigawa Corporation and its related companies, which become part of Rengo Group's flexible packaging business.
Combustion & Control Solutions (CCS) has acquired Ostrom Boiler Services and Ace Power Solutions to expand its presence in the Atlanta market and enter the power generation industry.
Ascend Performance Materials has agreed to acquire the compounding division of Formulated Polymers Limited, a polyamide compounder in Chennai, India. The deal includes a manufacturing facility and warehouses, establishing Ascend's first manufacturing base in India.
Faribault Woolen Mill, a Minnesota-based blanket and apparel maker, acquired Brahms Mount, a Maine-based manufacturer of cotton blankets and textiles. The deal closed in March 2022 for an undisclosed amount.
Formycon AG and ATHOS KG have agreed to merge biosimilar development activities. Formycon will acquire 100% of rights in FYB202, the 50% stake in FYB201, and Bioeq GmbH for a cumulative consideration of approximately EUR 650 million. ATHOS will become the largest shareholder with about 26.6% of Formycon.
SpiraTec AG is acquiring a majority of shares in onoff AG, combining their expertise in engineering, digitalization, robotics, IT and automation for the process industry, creating one of the largest independent service companies in Europe.
Harro Höfliger is acquiring the business operations of Widmann Maschinen GmbH & Co. KG in Schlierbach, Germany, effective April 1, 2022. The acquisition adds 5,500 m² of commercial space and 650 m² of office space, and all employees will be retained.
Alro Steel entered an agreement to acquire certain assets of Klein Steel, a metals service center in New York, with operations in Buffalo, Rochester and Syracuse. The transaction is expected to close by end of April 2022.
Panamera Holdings Corporation announced a binding letter of intent to acquire Arsham Aluminum Alloys, LLC from Mid-Continent Metals Group, LLC. The transaction is expected to close in April 2022.
SEMIKRON and Danfoss Silicon Power announced a merger creating a joint power electronics business, SEMIKRON-Danfoss, with over 3,500 workers. The transaction is subject to regulatory approvals and expected to close no later than Q3 2022.
Matrix Adhesives Group announced it has completed its acquisition of Lohnpack Contract Filling, a niche provider of packaging and filling capabilities located in Hamilton, N.J.
Investors advised by Family Trust acquired 100% of Tiefenbach Control Systems GmbH, a developer of electrohydraulic systems and sensor technology based in Bochum, Germany, from the Knapheide family.
Hy-Tek Holdings, a portfolio company of Dunes Point Capital, has acquired FASCOR and LCS.
ams OSRAM agreed to sell its Automotive Lighting Systems GmbH (AMLS) business to Plastic Omnium for €65 million. The transaction is part of ams OSRAM's strategy to focus on core technologies.
Grupo Giró has acquired a majority of the capital of Serfruit and Sersuport, integrating them into the group. The combined entity has a turnover of over €170 million and 800 employees.
Excelsus Holdings, Inc. has acquired Spectrum Integrated Technologies Sdn. Bhd., a printed circuit board manufacturer in Johor Bahru, Malaysia, through its wholly owned Malaysia subsidiary Excelsus Technologies (M) Sdn. Bhd. for an undisclosed amount.
Avis Industrial Corporation of Upland, Indiana, has acquired the assets of FEMCO Machine, Punxsutawney, Pennsylvania. FEMCO Machine has been renamed FAMCO Service and Machine, Inc.
The Knill Group, owner of the Mosdorfer organisation, acquired the rail equipment business of Pfisterer GmbH at the end of December 2021, including all IP, manufacturing facilities and personnel related to railway products.
BH will acquire LG Electronics' in-car handset wireless charging business unit for 136.7 billion won, forming a new subsidiary BH EVS. The acquisition is expected to complete in August.
The Competition and Consumer Commission of Singapore cleared the proposed acquisition of Meggitt PLC by Parker-Hannifin Corporation, concluding it will not substantially lessen competition in Singapore.
Sarcos Technology and Robotics Corporation announced a definitive merger agreement to acquire RE2, Inc. for $100 million, consisting of $30 million in cash and $70 million in stock, adding mobile manipulation systems for industrial, medical and subsea markets.
Schweitzer-Mauduit (SWM) and Neenah agreed an all-stock merger of equals creating a specialty materials company with about $3 billion in combined revenue, targeting at least $65 million in annual run-rate cost synergies within 24-36 months.
Barentz International announced plans to acquire Unipex, a French distributor of life science ingredients and specialty chemicals.
Angelini Industries signed an agreement with P&G to acquire the remaining 50% of Fameccanica, a factory automation specialist, taking full ownership. The closing is expected in June 2022, subject to antitrust approval.
Alter (300825.SZ) and Tianjin Xiqing Economic Development Group signed an agreement to acquire Tianjin Bojun Automotive, with Alter taking 80.1% and Xiqing Jingkai Group 19.9%. The deal is subject to due diligence.