Robert Bosch agreed to sell its vacuum and hydraulic pump business, VH Group, to Weifu High-Technology Group. The unit includes VHIT S.p.A. in Italy, its Wuxi subsidiary in China and certain production facilities in Brazil. Deloitte advised Bosch.
BelGaN Group BV has completed the acquisition of all shares of ON Semiconductor Belgium BV from the Onsemi group. The site in Oudenaarde will be transformed from silicon to GaN.
Comar, a supplier of custom medical devices and packaging solutions, acquired Automatic Plastics Ltd., a contract manufacturer of injection molded products for medical device and pharmaceutical sectors, headquartered in Wicklow, Ireland. Financial terms were not disclosed.
Alpa AS and Axess' Engineering department merged to form Axess Technologies AS, a material handling technology company headquartered in Molde, Norway, as a wholly-owned subsidiary of Axess Group.
Deere & Company has completed its acquisition of a majority ownership in Kreisel Electric, an Austrian battery technology company. The transaction was announced in December 2021 and finalized after regulatory approval.
The European Commission cleared the creation of a new joint venture in Uzbekistan by EDF, Nebras Power Investment Management, Sojitz Corporation and Kyuden International Corporation on 8 February 2022.
WGA acquired Inception Group, a process engineering consultancy specializing in mining and metals, to offer full-service engineering capabilities. The acquisition took effect from February 8, 2022.
Cook Medical agreed to sell its reproductive health business unit to CooperCompanies for $875 million. The unit includes products for obstetrics, gynecology, and IVF, and had $158 million in revenue in 2021.
CooperCompanies has signed a binding letter of intent to acquire Cook Medical's Reproductive Health business, a manufacturer of medical devices for fertility and obstetrics, for approximately $875 million. The acquisition will enhance CooperSurgical's international fertility footprint.
R&B Grinding, a Racine-based manufacturer of machined components, has been acquired by Willis & Smith Capital, a Texas private equity firm. The transaction closed on February 1, 2022. Terms were not disclosed.
Second Sight Medical Products and Nano Precision Medical have entered into a definitive merger agreement. Second Sight will issue 134 million shares to acquire full ownership of NPM, creating a combined company focused on therapeutic implants.
HOLT acquired Kardie Equipment/TGM Wind Services, the Texas-based distributor of Bronto Skylift products. The acquired company will operate as an independent wholly owned subsidiary of HOLT.
LafargeHolcim completed the acquisition of Anglo American's 50% share in LafargeTarmac for GBP 992 million, as a preliminary step to divest the business as required by the European Commission.
Lafarge signed an agreement to acquire the 45% stake held by SOCAM Development in Lafarge Shui On Cement for HK$2,553 million (approx. €294 million), subject to the completion of its merger with Holcim.
Lafarge and Anglo American completed their 50:50 joint venture, Lafarge Tarmac, combining their UK construction materials businesses. The joint venture began trading on the announcement date.
Holcim acquired PTB-Compaktuna, a Belgian specialty building solutions producer operating in Benelux and Northern France. PTB produces adhesives, specialty mortars, and finishings.
Holcim plans to sell 25% of Cement Australia to HeidelbergCement, creating a 50/50 joint venture. Cement Australia operates two cement plants and a grinding station with total annual capacity of 4.2 million tonnes, plus a new grinding station in Port Kembla (1.1 million tonnes) coming on stream in 2013.
LafargeHolcim acquired Tarrant Concrete, a ready-mix concrete company in the Dallas/Fort Worth area, Texas. Tarrant operates three plants with net sales over USD 40 million and 90 employees.
Lafarge and Elementia agreed to combine their cement assets in Mexico into a joint venture. Lafarge contributes its Vito and Tula plants (1M tonnes capacity), Elementia contributes a new 1M tonne plant under construction. Lafarge will hold 47% and Elementia 53%.
LafargeHolcim announces the acquisition of Edile Commerciale (Milan, Italy) and the signing of Cemex Rhone Alpes (Lyon, France), both suppliers of ready-mix concrete and aggregates, adding 35 ready-mix concrete plants.
Holcim will increase its shareholding in Ambuja Cements Ltd. to 61.39% through an intragroup restructuring. Ambuja will acquire Holcim's 50.01% stake in ACC Ltd. The deal involves a cash consideration of INR 35,000 million (USD ~600 million) and a stock merger. Holcim also commits to the Marwar Mundwa expansion project in North-Central India with 4.5 MTPA capacity.
Holcim and Cemex signed binding agreements for a series of transactions in Europe: Holcim will acquire Cemex's operations in Western Germany (including one cement plant, two grinding stations, 22 aggregates locations, 79 ready-mix plants), while Cemex will take over Holcim's business in the Czech Republic and purchase Holcim's Gador cement plant and Yeles grinding station in Spain. Cemex will pay Holcim EUR 45 million in cash.
Americo Manufacturing, a manufacturer of floor pads and cleaning accessories, was acquired by Fibrix Filtration on February 7, 2022. Terms were not disclosed.
NVIDIA and SoftBank Group announced the termination of NVIDIA's proposed acquisition of Arm Limited due to significant regulatory challenges. SoftBank will retain the $1.25 billion prepaid by NVIDIA and will start preparations for a public offering of Arm.
PPG announced an agreement to acquire the powder coatings business of Arsonsisi, including a manufacturing plant in Verbania, Italy. The transaction is expected to close in Q1 2022; financial terms were not disclosed.
DirectMed Parts & Service announced the acquisition of LBN Medical, a reseller of aftermarket diagnostic imaging equipment based in Aalborg, Denmark. Terms were not disclosed.
Nijhuis Saur Industries has acquired Byosis Group, a specialist in ammonia recovery systems, to expand its resource recovery portfolio.
Carrier Global has signed a binding agreement to acquire Toshiba Corporation's ownership stake in Toshiba Carrier Corporation, a VRF and light commercial HVAC joint venture, a deal projected to more than double Carrier's VRF sales.
Genesis MedTech Group completed the acquisition of JC Medical, a structural heart company developing transcatheter valve replacement products, including the J-Valve TAVR device.
Owens & Minor Inc. will acquire home healthcare equipment company Apria for $37.50 per share, representing an equity value of approximately $1.45 billion.
Kadimi Group merged its two manufacturing companies, Kadimi Tool and Kadimi Special Steels, into a new entity called Kadimi Tool Manufacturing Company Pvt. Ltd. The merger follows previous stake purchases from joint venture partners.
Ernströmgruppen's subsidiary Armaturjonsson AS acquired all shares in Novatek AS, a Norwegian water treatment technology company. The acquisition complements Ernströmgruppen's Water & Heating business area.
Hyundai Electric, a Hyundai Heavy Industries affiliate, announced it will acquire a 61.84% stake in Plaspo for 22.8 billion won (approx. $19 million). The acquisition is expected to close on April 12, 2022.
Swedish JCE Group, through its subsidiary Viltor AB, acquired a majority stake in Singer & Sohn GmbH, a German provider of automation solutions for the food industry.
Vortex Coatings Inc. (PurEpoxy) and Groupe Distribution Inc. (Ice Epoxy) have been acquired by A.P. Nonweiler, a portfolio company of Renovo Capital.
Danish marine pump maker Svanehøj has acquired Wärtsilä Tank Control Systems, a maker of LNG tank gauging systems, and is establishing Svanehøj France as a land-based business at its Calais, France facility with almost 40 employees.
Canadian private equity firm Lynx Equity has acquired Obel-P Automation, an equipment manufacturer based in Herning, Denmark.
KEBA acquired software startup drag and bot, which spun out of Fraunhofer Institute for Production and Automation, adding a programming interface for industrial robots.
Nucor Corporation announced on February 3, 2022, that it has successfully acquired a majority ownership position in California Steel Industries, Inc.
Chinese Hunan Vathin Medical Instrument Co., Ltd. acquired the business of MGB Endoskopische Geräte GmbH Berlin through a German subsidiary, securing the company's future after insolvency. The acquisition was approved on February 3, 2022.
AEM, a portfolio company of Industrial Growth Partners, acquired Renaissance Electronics & Communications and its subsidiary HXI. Renaissance designs and produces RF and millimeter wave components for defense and commercial applications.
Peugeot Frères Industrie entered exclusive negotiations to acquire a majority stake in Holding Tivoly, the majority shareholder of Tivoly S.A., a French market leader in cutting tools. The transaction includes a simplified tender offer for all Tivoly S.A. shares at an estimated price of €41.5 per share.
Cargotec and Konecranes continue dialogue with competition authorities regarding their planned merger, with remedy requirements more complex than expected. They have offered to divest Konecranes' Lift Truck business and Cargotec's Kalmar Automation Solutions, and aim to complete the merger by the end of H1 2022.
Matrix Adhesives Group, backed by private equity firm Goldner Hawn, launched a North American adhesive and sealant manufacturing and packaging platform formed from the contemporaneous recapitalizations of Guy Chemical Company LLC and Nuco, Inc. Dan Horner, an industry veteran, will lead the combined platform as CEO.
Metalloinvest signed an agreement to sell 100% of JSC Ural Steel to Zagorsky Pipe Plant (ZTZ). The transaction is expected to close in February 2022.
Komatsu Matere Co., Ltd. entered into an agreement to acquire 48,000 shares (80% stake) of Yoshida Sangyo Co., Ltd. The transaction is expected to close on February 4, 2022.
Proconex is combining the former Emerson valve repair facility in Burlington, New Jersey with its Atlantic Valve Services center in Swedesboro, New Jersey, expanding its valve repair and service capabilities.
Sealed Air has announced the acquisition of Foxpak Flexibles, a digital-printing flexible packaging firm based in Collon, Ireland with 33 employees. The fee was undisclosed.
STIHL acquired a 24% stake in TinyMobileRobots, a maker of autonomous line-marking robots for sports fields, road construction, and agriculture.
Essity, a global hygiene and health company, acquired Legacy Converting Inc., a U.S.-based cleaning and wiping company and manufacturer of the Everwipe brand. The acquisition strengthens Essity's Tork professional hygiene portfolio.