Atlas Copco acquired Steri srl, a private compressed air equipment and services distributor based in Rivoli near Turin with 19 employees. The deal strengthens Atlas Copco's presence in the Piedmont and Aosta Valley industrial market. The acquisition was reported on November 9, 2021.
Shri Dinesh Mills' subsidiary Stellent Chemicals and Mccean Rohco Holdings will acquire Chem-Verse Consultants (India) in three tranches. Stellent will hold 51% and Mccean Rohco 49%.
Adler Pelzer Group announced on November 8, 2021, the closing of its acquisition of Faurecia Acoustics and Soft Trims (AST), which operates in Europe with about 1,800 employees and €270 million in 2020 revenue.
OMRON Corp. announced on November 8, 2021, an agreement to invest in Techman Robot Inc., acquiring approximately 10% of the company, with the transaction expected to close in December 2021.
One Equity Partners completed the acquisition of USNR and Wood Fiber Group on November 8, 2021, and merged them into a combined supplier of wood processing technology and consumables with projected 2021 revenues over $500 million. Financial terms were not disclosed.
Ambarella completed its acquisition of Oculii Corp for $307.5 million, adding radar perception software to its AI vision portfolio for automotive and IoT applications.
Spell Capital Partners acquired Duromer Products Pty and DuroColour Vietnam Ltd, expanding its compounding and masterbatch facilities in Australia and Asia.
Novanta, a manufacturer of motion control and robotic components, acquired Schneider Motion Control USA for $115 million and ATI Industrial Automation for about $172 million. The Schneider unit was renamed Novanta IMS.
JUKI Corporation, Mitsubishi Electric Corporation and Meiryo Technica Corporation have agreed to establish a joint venture company for the industrial sewing machine market. Meiryo Technica will establish a new company in which JUKI will hold 80% and Mitsubishi Electric will hold 20% ownership. The new company is expected to start operations in May 2022.
Veolia, Suez, and a consortium of investors (Meridiam, GIP, CDC/CNP Assurances) signed a purchase agreement for the acquisition of the new Suez. The new Suez will have revenues of about €7 billion and includes Suez's water and waste activities in France and international assets. Completion is expected by end of January 2022.
Naked Brand Group and privately-held Cenntro Automotive Group announced a definitive stock-for-stock acquisition agreement. Naked will acquire Cenntro, a commercial EV technology company, and the combined company is expected to be renamed Cenntro Automotive Group.
Xuzhou Construction Machinery Group (XCMG) received approval from the Jiangsu State-owned Assets Supervision and Administration Commission to absorb XCMG Construction Machinery Co., Ltd. (Xugong Youxian) via a share issuance. The merger will make Xuzhou Construction Machinery Group the controlling shareholder.
Coloplast struck a €2.2 billion ($2.5 billion) takeover of Atos Medical, gaining a portfolio of laryngectomy and tracheostomy devices.
Wisconsin-based Wolter Inc. acquired Advantage Materials Handling Group, a forklift and material handling dealership in South Bend, Indiana. Financial terms were not disclosed.
KCM Capital Partners' Industrial Service Group completed its acquisition of Industrial Air Power, LLC, a compressed air equipment and parts distributor headquartered in Muskego, Wisconsin. Terms were not disclosed. The announcement was made on November 8, 2021.
Iron Heart Canning acquired NorthStar Mobile Canning and the mobile canning operations of Lagersmith Canning Co. serving the Minneapolis and St. Paul craft beverage market, expanding its network to 26 states.
Medical equipment company Paragon Care is set to merge with medical imaging business Quantum Health Group in an all-scrip deal, creating a combined entity with $291 million revenue and a market capitalisation of around $180 million.
Bouygues Group signed a purchase agreement with Engie to acquire Equans, a multi-technical services company, for an enterprise value of €6.7 billion. The deal is expected to close in the second half of 2022 and will create a combined entity with around 96,000 employees and €16 billion in sales.
Severn Group, a UK family of specialist valve companies, has acquired Houston-based ValvTechnologies, a maker of metal-seated, zero-leakage severe-service valves. ValvTechnologies will keep operational independence within the group. The deal was announced on 6 November 2021.
Morrell Group, a provider of advanced motion control solutions, has finalized its acquisition of LOR Manufacturing, an industrial mobile systems integrator in Weidman, Michigan. Terms were not disclosed. LOR Manufacturing will be renamed LOR Mobile Controls.
Tillicoultry Quarries has finalized the purchase of four concrete plant site locations from CEMEX, located at Perth, Dundee, Cardenden and Greenock. The acquisition includes eight employees and increases Tillicoultry Quarries' geographic reach for ready mixed concrete products.
Industry cloud company Infor has acquired manufacturing execution system software provider Lighthouse Systems. Lighthouse Systems' Shopfloor-Online software will be integrated within Infor's CloudSuite ERP systems.
Scottish engineering firm Weir Group has acquired Vancouver-based mining technology company Motion Metrics for £89 million (approximately $150 million). Motion Metrics will become Weir's global centre for excellence in AI and machine vision technology.
A subsidiary of BayWa r.e. acquired PV Integ, a manufacturer of mounting systems for solar panels.
Adbri acquired Zanow's Concrete & Quarries business in Queensland for $58 million, including two concrete plants, approval to construct a third, a sand and gravel quarry, and a hard rock quarry. The acquisition provides Adbri with integrated operations and access to over 70 million tonnes of approved reserves.
American Refrigeration Company (ARC), an independent commercial and industrial mechanical services company, acquired Global Mechanical Services, a provider of commercial mechanical services including HVAC, controls, and refrigeration. The acquisition enhances ARC's HVAC design, installation, and service capabilities in New England.
SHW Automotive GmbH, a member of the SHW-Group, acquired 100% of the shares of Lust Hybrid-Technik GmbH, a provider of electronic and microsystem solutions, effective August 7, 2017. The acquisition aims to optimize vertical integration in SHW's electric pumps business and strengthen its position in electromobility.
Valmet Oyj and Neles Corporation now target completion of their merger on or before April 1, 2022, instead of January 1, 2022, because regulatory reviews are taking longer. The merger was first announced on July 2, 2021.
Russel Metals Inc. announced it has entered into an agreement to acquire Boyd Metals for US$110 million. Boyd operates five service centers in the U.S. South, primarily in carbon steel products. The transaction is expected to close in Q4 2021.
TriMech, backed by The Halifax Group, has acquired Adaptive Corporation and Forward Vision. The acquisitions expand TriMech's capabilities in engineering and design software solutions.
Platinum Equity has signed a definitive agreement to acquire Pelican Products Inc., a manufacturer of protective cases and equipment. The transaction is expected to close by the end of 2021.
Nano Dimension Ltd. has entered into an agreement to acquire Essemtec AG, a Swiss manufacturer of assembly and dispensing machines for electronics manufacturing. The site in Aesch will be continued and expanded.
Amsted Automotive Group's Burgess-Norton unit has acquired SMW Manufacturing Company, a cold-formed and precision-machined components manufacturer for heavy truck, automotive, mining, and industrial markets. Terms were not disclosed.
Armac, a construction machinery rental company, has acquired 100% of Bauko Movimentação, a forklift rental company in Brazil, for R$ 213.2 million. The deal includes assumption of R$ 41 million in net debt.
Icahn Enterprises has agreed to sell its subsidiary PSC Metals to SA Recycling for about $290 million. PSC operates scrap metal processing facilities across North America.
BGF announced it will acquire a 44.3% stake in KOPLA, a manufacturer of high-performance engineering plastics, for 180.9 billion KRW, with total investment of 250 billion KRW including convertible bonds. The acquisition date is December 22, 2021.
Synthes GMBH, part of DePuy Synthes (Johnson & Johnson), acquired 100% of OrthoSpin Ltd. for US$79.5 million in cash. OrthoSpin develops the AutoStrut G2 System for external circular fixation.
Sibanye-Stillwater signed a Share Purchase Agreement to acquire 100% of the Sandouville nickel hydrometallurgical processing facility from Eramet SA, following completion of workers council consultation and key regulatory approvals.
Kosdaq-listed holding company E& Corporation has agreed to buy an 80% interest in Korean wastewater treatment operations specialist Daeyang Enbio.
Columbus McKinnon Corporation executed a definitive agreement to acquire Garvey Corporation for $74 million. Garvey is a leading accumulation systems solutions company with approximately $30 million in revenue.
Aptean acquired Objective Holding, a Belgium-based provider of MES, WMS and WFM solutions.
Hextar Global Bhd agreed to acquire TufBond Technologies Sdn Bhd, a manufacturer of synthetic latex polymers, for RM13 million cash. The acquisition includes a profit guarantee of RM2 million per year for three years.
Innovia Medical has acquired Lacrimedics, a manufacturer and distributor of occlusion therapy devices for dry eye disease based in Du Pont, Washington. Terms were not disclosed.
Berkshire Partners has agreed to acquire a majority stake in Harvey Performance Company, a designer and manufacturer of specialized cutting tools, from Summit Partners. The transaction value was not disclosed.
China Securities Regulatory Commission approved Jidong Cement's issuance of shares to absorb BBMG Jidong Cement (Tangshan) and raise up to 2 billion yuan in supporting funds.
Qorvo acquired United Silicon Carbide (UnitedSiC), a manufacturer of silicon carbide power semiconductors, to expand into EV, industrial power, and renewable energy markets. UnitedSiC will become part of Qorvo's Infrastructure & Defense Products business.
Xebec Adsorption closed the acquisition of all outstanding shares of Colorado-based UECompression for a total consideration of $8 million, subject to holdbacks and adjustments. The deal adds a 100,000 sq. ft. US plant to expand biogas and hydrogen system production.
Ingersoll Rand acquired Lawrence Factor Inc., a leader in air purity analysis solutions, for $6.0 million. The deal was reported in its third-quarter 2021 results.
Allied Motion Technologies Inc. acquired ORMEC Systems Corp., a developer of electro-mechanical automation solutions and motion control products for the automation and aerospace industries. Terms were not disclosed.
Toyota Boshoku and Aisin have initiated the transfer of commercial rights for the business of automotive seat frame mechanism parts, as announced on November 2, 2021.