AF Gruppen has acquired 80% of the shares of Stenseth & RS Holding, a concrete contractor with 300 employees, for an enterprise value of NOK 220 million. The remaining 20% stays with employees.
Methods Machine Tools acquired Koch Machine Tool. The announcement was made in March 2022.
Voith GmbH & Co. KGaA completed the acquisition of the remaining 35% stake in Voith Hydro Inc. from Siemens Aktiengesellschaft on March 1, 2022.
Clearlake Capital Group agreed on March 8, 2022 to acquire Intertape Polymer Group in an all-cash deal at CDN$40.50 per share, valued at about US$2.6 billion including net debt. IPG will become privately held after completion.
DXP Enterprises completed its acquisition of Drydon Equipment, a distributor of pumps, valves and controls based in Elgin, Illinois, serving the water and wastewater industry. Terms were not disclosed.
Wieland acquired Provides, a leading company in the research, development and production of heat exchangers with locations in Italy, USA and China, effective February 28, 2022.
TechPro Power Group acquired Sentinel Power Services on February 28, 2022. The terms of the transaction were not disclosed.
John Deere acquired full ownership of three Deere-Hitachi joint venture factories in Kernersville, N.C.; Langley, Canada; and Indaiatuba, Brazil. The factories will continue to manufacture Deere-branded excavators and forestry equipment.
Jamison Door Company, a manufacturer of temperature-controlled and specialty doors, merged with BMP Door Group, a subsidiary of BMP Europe. The merger creates a global high-performance door company.
Takeuchi agreed to purchase the former KOBELCO plant in Moore, South Carolina, for $34.35 million. It plans to begin manufacturing compact track loaders at the plant by the end of the year, boosting U.S. production capacity by about 40%.
Wisconsin Aluminum Foundry (WAF) acquired castings manufacturer DEE, Inc. in Crookston, Minnesota. WAF will add 30 new positions in Minnesota as production grows.
Kratos Defense & Security Solutions acquired CTT Inc. and Cosmic Advanced Engineered Solutions for approximately $60 million. CTT makes power amplifiers and other electronic devices for military systems.
Family Office MBCI Industries reached an agreement to acquire T.G.E., an engineering leader in evaporation and drying production lines based in Evreux, France.
onsemi signed a definitive agreement to sell its wafer fabrication facility in South Portland, Maine to Diodes Incorporated, and closed the sale of its Oudenaarde, Belgium fab to BelGaN Group BV, as part of its fab-liter manufacturing strategy.
KPS Capital Partners has signed a definitive agreement to acquire Oldcastle BuildingEnvelope Inc. from CRH plc for approximately $3.45 billion in cash. The transaction is expected to close in mid-2022.
Montagu, a private equity firm, has acquired a majority stake in HTL, a pharmaceutical-grade biopolymer manufacturer, from Bridgepoint. Naxicap and Téthys Invest retain their minority shares.
Blackhawk Growth Corp. entered a definitive agreement to acquire the remaining 49% of Stable Foods Co. (formerly NuWave Foods Inc.) for 3,200,000 common shares valued at $0.41 per share. The acquisition is expected to close in the coming weeks.
Tsubakimoto Chain Co.'s subsidiary Tsubakimoto Bulk Systems Corp. acquired an additional 49% stake in Mahindra Tsubaki Conveyor Systems Private Limited (MTC) in India, making it a wholly owned subsidiary. The company will be renamed Tsubaki Conveyor Systems India Private Limited.
DeSHAZO, a manufacturer of industrial equipment for materials handling and automation, has acquired Integrated Machinery Solutions (IMS), an engineering consulting firm and custom machinery builder in Azle, Texas. IMS will operate as a separate business unit under its current management.
Arkema finalized the acquisition of Ashland's Performance Adhesives business on 28 February 2022 for an enterprise value of US$1,650 million. The business employs about 330 people and operates 6 production plants, mainly in North America.
Feintool International Holding AG completed the acquisition of Kienle + Spiess GmbH from Sumitomo Corporation and Sumitomo Corporation Europe Limited on February 28, 2022.
IDEX Corporation signed a definitive agreement to acquire KZ Co. (KZValve), a Nebraska maker of electric valves and controllers for agriculture, expected to close in Q2 FY2022.
Axel Johnson International's AxFlow has acquired Pumpegruppen A/S, a Danish pump specialist serving chemical, food, pharmaceutical and water treatment industries, with bases in Lyngby and Rønde.
Nebras Power Investment Management completed the purchase of a 24% stake in Unique Meghnaghat Power, which is constructing a 584MW combined cycle power plant in Meghnaghat, Bangladesh.
RoMan Manufacturing acquired Grand Power Systems, a manufacturer of engineered electrical products, on February 27, 2022.
Parts Authority, a distributor of automotive and truck parts, acquired Levine Auto and Truck Parts, headquartered in Danbury, Connecticut. The transaction was finalized on February 25, 2022.
LU-VE Group, a manufacturer of air heat exchangers, has signed a binding agreement to acquire a 75% stake in Refrion S.r.l., an Italian company specializing in adiabatic air heat exchangers, for €8.1 million. The transaction is expected to close within a few weeks.
Air Pros USA acquired Doug's Service Company, an HVAC and home services business in Lafourche Parish, Louisiana, retaining all 40-plus technicians and staff. The acquisition expands Air Pros USA into its eighth state.
Messer Cutting Systems, through an affiliate, acquired Flame Technologies, Inc., a US manufacturer of oxyfuel products based in Austin, Texas, on February 1, 2022. Flame Tech employs 48 people.
Caterpillar has made a preliminary deal to divest its longwall mining equipment business to Hauhinco. The transaction is expected to be completed during the third quarter of 2022.
Takeuchi Manufacturing acquired a plant in South Carolina from Kobelco Construction Machinery for 3.9 billion yen ($39 million). The plant will produce crawler loaders for the US market, with production expected to start in 2022.
Hexagon AB, a digital reality solutions company, has acquired ETQ, a provider of SaaS-based quality management system and compliance management software.
NNIT Group, an IT services provider, has acquired prime4services, a European provider of Manufacturing Execution System services for the life sciences industry, to strengthen its Production IT capabilities.
German logistics handling systems manufacturer LKE Group will purchase Romanian company Someg Gherla to relocate a production line from China to Cluj County, Romania, with a EUR 4.6 million loan from BCR.
Cargill and Golden Growers Cooperative agreed to acquire American Crystal Sugar Co.'s 51% equity stake in ProGold LLC, owner of a corn wet milling facility in Wahpeton, North Dakota. The transaction is expected to close by the end of February 2022.
Kraft Heinz will transfer ownership of its Ontario, Oregon potato manufacturing facility to Simplot. The facility has about 600 employees.
RectorSeal LLC, a subsidiary of CSW Industrials, acquired Shoemaker Manufacturing, a manufacturer of grilles, registers, and diffusers based in Cle Elum, Washington. The acquisition expands RectorSeal's domestic GRD product lines.
Moog Inc acquired Dublin-based aerospace testing and repair company TEAM Accessories. The terms of the deal were undisclosed.
The European Commission conditionally approved the planned merger between Konecranes and Cargotec, subject to the divestment of Konecranes' Lift Truck business and Cargotec's Kalmar Automation Solutions.
Eisenwerk Bassum has acquired Maschinen-Meyer in Sulingen, Germany. The acquisition will retain all 80 jobs at the Sulingen site and plans significant investments and capacity expansion at both Bassum and Sulingen.
Oshkosh Corporation acquired Pratt Miller, an engineering and product development company specializing in electrification, robotics, autonomy, and connected systems, to accelerate advanced technology development. The acquisition was completed in 2020.
Zhongkong Technology (SUPCON) announced it will acquire a 22% equity stake in Petro-Cyberworks Information Technology Co., Ltd. for RMB 561 million (approx. $88 million) to strengthen its 5T business strategy and digitalization capabilities.
Bharat Forge and its subsidiary BF Industrial Solutions have entered a definitive agreement to acquire 100% of JS Autocast Foundry India for an undisclosed sum. JS Auto supplies ductile iron castings for wind, hydraulic, off-highway and automotive applications.
Medical device maker U&I has joined a consortium led by Edison Motors to acquire SsangYong Motor, which is under bankruptcy court management. Edison EV plans to acquire U&I shares worth about 15.5 billion won ($12.89 million) next month.
Exsto, a French manufacturer of high-performance elastomer products, has acquired Sterne Elastomère, a producer of molded silicone parts based in Cavaillon, France. Sterne Elastomère had 65 employees and €11.5 million in sales in 2021.
Voss Fluid acquired a majority stake in HypTec, an Austrian developer of hydrogen and natural gas high-pressure valves, expanding its fluid transport portfolio. The deal was reported on 2022-02-24.
W. R. MEADOWS, Inc. has acquired Mississauga-based Gemite Products, Inc., which offers technologies for repair, protection and waterproofing of reinforced concrete structures.
Private-equity firm Apollo Global Management agreed to buy U.S. auto-parts maker Tenneco Inc for $1.64 billion in cash.
Sunbelt Rentals acquired Comrent International, a U.S.-based power-testing infrastructure provider specializing in load bank solutions, from Global Environment Fund. The deal broadens both companies' product portfolios and market reach.
Beam Global announced the acquisition of AllCell Technologies, a Chicago-based energy storage company whose products Beam had been using for about a decade.