Zoox acquired the team from Strio.AI, bringing on its co-founder and CEO as director of perception, and opened a Boston office.
Starline Group Inc. acquired Mobile Generators Ltd., expanding into the mobile power business for the Ontario film production market.
Mutares SE & Co. KGaA signed an agreement to acquire the Sheffield Operations of Allegheny Technologies Incorporated (ATI) in Sheffield, UK. The operation employs around 190 people and has expected revenues of approx. EUR 80 million for 2022. Closing is expected by end of Q1 2022.
Biomerics entered into definitive agreements to merge with Precision Concepts' medical business, including the acquisition of Precision Concepts International and Precision Concepts Group. The combined company will have over 1.2 million square feet of manufacturing space across 13 locations.
Hitachi sold 26% of its holding in Hitachi Construction Machinery, valued at US$1.6 billion, to Itochu and Japan International Partners, giving them a controlling share. Hitachi's stake is now 25.4%.
Integrated Metal Recycling (IMR), a joint venture of ArcelorMittal Long Products Canada and Triple M Metal, completed the acquisition of Société des Métaux Recyclés (SMR), a ferrous and non-ferrous scrap processor in Quebec.
Vitella Srl, Starmix Srl (including brand Flamic) and Effedue Srl merged to form WAICO, a new group focused on bakery equipment and technology. The official launch is at SIGEP 2022 on March 13, 2022.
SIG signed an agreement to acquire 100% of Scholle IPN, a manufacturer of Bag-in-Box and pouch packaging systems. The deal is expected to close in Q2 or Q3 2022.
Daikin France has acquired Groupe BV, a company specializing in industrial refrigeration repair, to expand its service offerings and rental solutions.
Pentair plc has entered into a definitive agreement to acquire Manitowoc Ice, a commercial ice maker, for $1.6 billion. The transaction is expected to close in Q2 2022.
ADDvise Group AB has acquired all shares of JTECH Medical for a total purchase price of USD 7.3 million, including earn-outs. The acquisition closed on March 3, 2022.
EP Energy, through its subsidiary EP Hungary, entered into an agreement with EDF to acquire more than 95% of Budapest Power Plant Ltd., which owns three gas-fired cogeneration plants in Budapest.
Alstom signed an agreement with General Electric to exit three joint ventures in renewables, grid and nuclear for €2.594 billion ($3.08 billion). The transfer of interests is expected to occur on October 2, 2018.
Injection molding machine and automation supplier Engel acquired the majority interest in Polish firm TMA Automation. TMA will remain independent under Engel Group and plans to build a new facility in Gdansk.
Omori Machinery Co. Ltd. sold its interests in Selo Food Group on March 2, 2022, resulting in the split of Omori and Selo. The funds will be used to develop Omori Europe.
ARCH Cutting Tools Corp. acquired Greene Tool Systems, Inc., of Dayton, Ohio, a designer and manufacturer of custom cutting tools.
National Glazing Solutions (NGS) acquired CHB Industries, based in Hauppauge, New York, expanding its sales and operations into New York and Chicago markets.
Basco Shower Enclosures acquired Michigan-based Glassource, a tempered glass and shower door solutions provider. The acquisition expands Basco's footprint and adds a third tempering and fabricating location.
Ryerson Holding Corporation acquired substantially all assets of Apogee Steel Fabrication Incorporated, a sheet metal fabricator based in Mississauga, Ontario, Canada.
Trivitron Healthcare acquired 100% shareholding in The Kennedy Company, a US manufacturer of radiation protection X-ray shielding material and acoustic barrier products based in Scottsboro, Alabama.
May River Capital, a private equity firm, acquired Cablevey Conveyors, a global manufacturer of tubular-drag conveyor systems based in Oskaloosa, Iowa.
Keystone Powdered Metal Company and Engineered Sintered Components Company, both affiliates of Sumitomo Electric Industries, announced plans to merge. The merged entity will retain the Keystone Powdered Metal Company name.
Altrad has agreed to acquire Sparrows Group, an Aberdeen-headquartered energy services firm. Around 2,000 workers will transfer to Altrad. The deal is expected to close in Q2 or Q3 2022.
Sika has acquired Sable Marco Inc., a Canadian manufacturer of cementitious products and mortars based in Pont Rouge, Quebec. The acquired business generates annual sales of CHF 20 million.
Arkema announced the planned acquisition of Shanghai Zhiguan Polymer Materials (PMP), a producer of hot-melt adhesives for the consumer electronics market, by its subsidiary Bostik. The transaction is scheduled to close in the first quarter of 2022.
GreenIT, a joint venture between Eni gas e luce - Plenitude and CDP Equity, has acquired four onshore wind farms in Puglia, Italy, with a total capacity of 110 MW from Fortore Energia Group.
Tuson Corporation of Vernon Hills, Illinois acquired the assets of ISPT, LLC of Story City, Iowa on March 2, 2022, creating the Tuson Manufacturing Company division. ISPT makes precision machined components for fluid power and industrial automation. Terms were not disclosed.
Fortescue completed the acquisition of Williams Advanced Engineering in March 2022, and the company has now rebranded as WAE Technologies. The new focus includes developing green mining trucks, both battery and hydrogen fuel cell.
The Schmalz Group acquired Binar Handling AB in March 2022 and Palamatic Ltd. in January 2022. Both companies develop ergonomic lifting and handling solutions, complementing Schmalz's portfolio.
HAWE Holding GmbH signed a contract in March 2022 to acquire the business units Fritz Schur Energy and Fritz Schur Teknik from Fritz Schur Technical Group in Denmark, including four locations and all activities.
Astec Industries has entered into a definitive agreement to acquire MINDS Automation Group Inc., a leader in plant automation control systems for the asphalt industry, headquartered in British Columbia, Canada.
Sasol sold its German subsidiary Sasol Wax GmbH to AWAX s.p.a., which will operate as Hywax GmbH. The sale includes production facilities in Germany, the UK, and Austria.
Air Conditioning Specialist, Inc., a Hidden Harbor Capital Partners portfolio company, partnered with Chancey & Reynolds Inc., expanding its HVAC footprint to Tennessee.
Holcim completed the acquisition of Malarkey Roofing Products, a US residential roofing company with projected 2022 net sales of USD 600 million. The deal expands Holcim's roofing systems portfolio in the US market.
The Compound Company acquired the production site, product portfolio and customer base for Exxelor polymer resins from ESSO Deutschland GmbH, increasing its global production capacity to about 70 kilotons per year.
Vantage Specialty Chemicals acquired JEEN International Corporation and BotanicalsPlus, Inc., expanding its portfolio of naturally derived ingredients for personal care and cosmetics.
Voith completed the acquisition of the remaining 35% stake in Voith Hydro from Siemens Energy, making Voith the sole owner of the hydropower division. The deal was agreed on October 21, 2021.
Sensia, a joint venture of Rockwell Automation and Schlumberger, acquired Swinton Technology, a specialist in metering supervisory systems for the oil and gas industry. The deal expands Sensia's metering capabilities.
TriMas has acquired Intertech Plastics, a custom injection molder based in Denver, Colorado, to expand its packaging group into medical end markets. Intertech generated approximately $32 million in revenue in fiscal year 2021.
Henniges Automotive has formed a strategic joint venture with Guizhou Guihang Automotive Components, combining their Chinese sealing systems operations. The new entity, Henniges (China) Sealing Systems Co., Ltd., is majority-controlled by Henniges Automotive.
Wolseley UK has formally completed the acquisition of Bassetts, DHS, and Neville Lumb from Saint-Gobain. Nearly 300 people from the acquired businesses are joining Wolseley UK.
Angeles Equity Partners has simultaneously acquired RōBEX LLC and Mid-State Engineering LLC, two industrial automation integrators. RōBEX will serve as the platform investment with Mid-State as the first bolt-on acquisition. Financial terms were not disclosed.
Jens S. Group acquired Bronco Transmission AB, a provider of products and specialist service for industrial brakes, gears and mechanical power transmissions, effective March 1, 2022.
Easby Group Limited, comprising Easby Electronics and Delta Impact, has been acquired by its management team in a £24 million management buyout backed by NVM Private Equity. The deal creates new jobs at the firm's offices in Richmond and Newbury.
FLYHT Aerospace Solutions has received TSX Venture Exchange approval for its acquisition of CrossConsense GmbH & Co. KG. The deal was announced on January 27, 2022, and is expected to close after German government approval.
Yokohama Rubber will acquire 100% of Trelleborg Wheel Systems Holding AB from Trelleborg AB for an enterprise value of over €2 billion. TWS manufactures off-highway tyres for agricultural and industrial machinery. Completion expected in H2 2022.
Eni and Sixth Street have agreed that Sixth Street will acquire a 49% stake in Enipower, Italy's second-largest electricity producer with six gas plants and about 5 GW capacity. Eni retains operational control.
VBG Group has acquired The Carlyle Johnson Machine Co., a manufacturer of power transmission components. The acquisition was announced in March 2022.
Spang Engineered Solutions, a business unit of Spang and Company, has acquired Wirebenders, Inc., a manufacturer of magnetic components and coaxial cable assemblies in Phoenix, Arizona.
GEA has completed the sale of its refrigeration contracting and service operations in France to Syclef. Financial details are undisclosed.