ProMach, a processing and packaging machinery maker, has acquired TechniBlend, a provider of engineered liquid processing systems for beverages, dairy and chemicals. The deal expands ProMach's processing technology portfolio. Financial terms were not disclosed.
Japanese conglomerate HIROTEC is acquiring the automotive business of Emil Bucher GmbH & Co. KG, a German manufacturer of special machines for the automotive and aircraft industries. The purchase agreement was signed on 15 February 2022, subject to antitrust approval.
Avista Capital Partners, a private equity firm, has entered into definitive documentation to acquire Probo Medical, a global leader in medical imaging equipment sales and repair services, from Varsity Healthcare Partners. Transaction terms were not disclosed.
Peak Toolworks announced the completion of its acquisition of Tooling Concepts Inc. in Elkhart, Indiana, adding a sharpening site to its 12 locations across the USA and Canada.
EMCORE Corporation entered a definitive agreement to acquire the assets and liabilities of L3Harris Space and Navigation Business for approximately $5 million in cash, expanding its inertial navigation product portfolio.
Arrow Automation Inc. was acquired by the Expert Technologies Group and will be rebranded as Expert Technologies Inc., serving as the group's U.S. headquarters in Auburn Hills, Michigan.
Eternit Österreich GmbH reached an agreement to sell its subsidiary Dach & Wand Handels GmbH to the Danish STARK Group. Financial terms were not disclosed.
Gryphon Investors acquired Benoist Brothers Supply Co., a Midwest-based HVAC/R distributor, to operate as an independent division of its Wittichen Supply Holding Company. Financial terms were not disclosed.
Chart Industries acquired AdEdge Holdings, LLC, a water treatment technology provider, for $40 million in cash. AdEdge will join Chart's newly formed ChartWater division.
Glatfelter Corporation completed the acquisition of Jacob Holm for approximately $302 million, adding spunlace nonwoven technologies and manufacturing sites.
Intel Corporation announced a definitive agreement to acquire Tower Semiconductor for approximately $5.4 billion, advancing Intel's foundry strategy.
BorgWarner has signed an agreement to acquire Santroll Automotive Components, the eMotor business of Santroll, for up to ¥1.4 billion (approx. US$22 million). The acquisition is expected to close in late Q1 2022.
Masimo Corporation has entered into a definitive agreement to acquire Viper Holdings Corporation for $1.025 billion in cash. The transaction is expected to close by August 14, 2022, subject to regulatory approvals and customary conditions.
Murata Manufacturing Co., Ltd., through its subsidiary Murata Electronics North America, Inc., has entered into a definitive agreement to acquire all outstanding shares of Resonant Inc. for $4.50 per share in cash. The acquisition aims to combine Murata's RF product capabilities with Resonant's XBAR filter technology.
London-based private equity firm Exponent acquired a majority stake in Limerick-based high voltage electrical contractor H&MV Engineering. The deal aims to accelerate international growth and expand capabilities.
ERIKS NV has entered into an agreement to sell its North American activities, operating under names including ERIKS North America, Rawson-Industrial Controls, ERIKS Seals and Plastics and CNC Flow Control, to LKCM Headwater Investments, a US-based private investment firm.
Galaxy Semiconductor has signed a definitive agreement to acquire Ippon Innovation of Toulouse, France, a provider of Advanced Statistics and AI Algorithms for semiconductors and other industries.
Zurn Water Solutions Corporation and Elkay Manufacturing Company have reached a definitive agreement to combine in an all-stock transaction. Zurn shareholders will own about 71% and Elkay shareholders about 29% of the combined company, Zurn Elkay Water Solutions Corporation.
Menasha Packaging Company signed an agreement to acquire the assets of Color-Box, a corrugated packaging business unit of Georgia-Pacific with about 550 employees and plants in Indiana, Mississippi and California. Terms were not disclosed and closing is expected in early summer 2022.
Apollo Global Management agreed to buy a majority stake in packaging maker Novolex Holdings from Carlyle Group, which will keep a minority stake. Bloomberg's headline cites a $6 billion value, although the article text says financial terms were not disclosed.
Jiangsu Shentong signed a letter of intent with Dewei Valve Casting (Suzhou) and its controlling shareholder HOT EXCESS HOLDINGS to take control of Dewei through a mix of share purchase and cash capital injection. Dewei is a valve supplier to major international oil and gas companies.
Bosch acquired Atlatec, a creator of high-resolution 3D maps for Level 3 and 4 autonomous driving, to bolster its autonomous driving portfolio.
Nexteam Group has completed its merger with fellow French aircraft parts manufacturer Ventana Group, creating a combined company with 2,200 employees. The merged entity will operate under the Nexteam name and be based in Marmande, France.
IMCD, a specialty chemicals distributor, has acquired Polyorganic Tecnologia, a Brazilian company based in São Paulo. The deal expands IMCD's presence in Brazil, particularly in home care and industrial & institutional segments. The value was not disclosed.
Mayoly Spindler has entered exclusive negotiations to acquire IPSEN's Consumer Health Care (CHC) branch. The deal value is not disclosed.
BMW has increased its stake in the Chinese joint venture BMW Brilliance Automotive Ltd. (BBA) to 75%, with Brilliance China Automotive Holdings holding the remaining 25%. The purchase price is approximately 3.6 billion euros, with payment expected by Feb. 22, 2022.
EDF signed an agreement to acquire parts of GE Steam Power's nuclear steam turbine technology and services business, including the Arabelle turbine technology, for an undisclosed amount. The deal is expected to close in the first half of 2023.
Wauseon Machine acquired robotics integrator McAlister Design, doubling the size of its automation business.
KS Orka Renewables Pte. Ltd. signed a Share Purchase Agreement to acquire 100% of Inter Investment Pte. Ltd., which holds seven geothermal concessions in Indonesia, for a total transaction price of $60 million. The acquisition was announced on February 10, 2022.
German drive specialist Flender reached an agreement to acquire Finnish wind turbine gearbox manufacturer Moventas from investor N4 partners. The acquisition was announced on February 10, 2022.
Salt Creek Capital acquired All Metals Industries, Inc., a distributor of carbon, aluminum, stainless and coated sheet/coil products in the Northeast U.S. The transaction was announced on February 10, 2022.
Funds advised by PREMIUM Equity Partners acquired Human Med AG, a manufacturer of medical devices for waterjet-assisted liposuction, from existing shareholders as a succession solution.
HEICO Corporation's Flight Support Group agreed to acquire 74% of Pioneer Industries, a specialty distributor of spares for military aviation, marine, and ground platforms, for cash at closing plus potential additional consideration.
SEAM Group, backed by Align Capital Partners, has acquired Electrical Engineering & Service Co. (EESCO) of Holbrook, Massachusetts. EESCO specializes in electrical power systems testing and maintenance, and the acquisition broadens SEAM Group's NETA-certified services.
Expert Technologies Group acquired Tracoinsa (TSUK), a material handling and logistics business, to enhance its capability to deliver complete technology solutions.
Sonic Milling, a developer of processing technologies for plant-based ingredients, was acquired by Above Food on February 10, 2022. Terms of the transaction were not disclosed.
Stanmore Resources' acquisition of BHP's 80% stake in the BMC joint venture has been delayed until mid-year due to pending shareholder approval from Golden Energy Resources' shareholder PT Dian Swastatika Sentosa.
Private equity firms iXO Private Equity and IDIA Capital Investissement completed the acquisition of a majority stake in Acoem, an environmental and industrial intelligence services provider, from Evolem. Financial terms were not disclosed.
Wanwei High-Tech (600063.SH) plans to acquire 100% of Wanwei Bisheng, a PVB interlayer film manufacturer, for ¥795 million via share issuance, integrating PVB resin and film production.
Italian hydraulic component maker OMFB Group acquired UK dealer Commercial Vehicle Hydraulics Limited, which becomes CVH-OMFB Ltd, after 30 years of partnership. OMFB Group reported EUR 80 million turnover in 2021.
Portuguese plastic packaging manufacturer Logoplaste is acquiring two PET recyclers, Ecoibéria and Worldpet, both operating facilities in northern Portugal and specializing in food-grade recycled PET. The transaction is subject to regulatory approval.
Industrial Physics Inc. acquired Steinfurth, a German manufacturer of quality control instruments for the beverage, food, and pharmaceutical industries. The acquisition expands Industrial Physics' portfolio in food and beverage packaging testing.
Pula Aviation Services Limited (PASL) acquired UK-based aircraft spare parts distributor Airpart Supply Limited to expand its aviation portfolio. The founders will remain in leadership roles.
British shipbuilder The Wight Shipyard Co. and French shipbuilder OCEA announced an all-share merger, scheduled to complete by March 2022, to create a combined group focused on fast ferries and offshore renewable energy.
Bajaj Electricals Ltd approved a scheme to demerge its power transmission and distribution business into a separate company, Bajel Projects Ltd, subject to shareholder approval. Shareholders will receive one share in Bajel Projects for each share held in Bajaj Electricals.
Cummins Inc. has signed an agreement to acquire Jacobs Vehicle Systems (JVS), a subsidiary of Altra Industrial Motion Corp., which supplies engine braking, cylinder deactivation, and other technologies. The acquisition will support Cummins' advanced diesel engine platforms and zero-emissions strategy.
Tennessee Medical Innovations Inc. (TNMI), a portfolio company of Mundomedis, has acquired substantially all assets of Insightra Medical Inc., a US-based medical device manufacturer. Mundomedis will also become the main shareholder of Insightra's Indian subsidiary.
Gerard Lighting Group has signed a contract to sell its Pierlite business to Signify N.V., a world leader in lighting. Pierlite is a lighting and technology company in Australia and New Zealand.
GlobalTech Plastics, a plastic-injection molding company, has joined forces with Molded Dimensions, a manufacturer of molded rubber and polyurethane parts. The acquisition expands Molded Dimensions' plastic manufacturing capabilities.
Siemens AG signed an agreement to sell its 50 percent stake in the Valeo Siemens e-Automotive joint venture to Valeo. The profit impact is around 300 million Euros, and closing is expected in July 2022, subject to regulatory approvals.