AGCO subsidiary Precision Planting agreed to acquire the business and assets of precision harvesting solutions manufacturer Headsight. Headsight will continue to operate from Bremen, Indiana.
GWM (Great Wall Motors) signed an agreement on August 18, 2021 to acquire Daimler's factory in Iracemapolis, Brazil. The deal is expected to close by the end of 2021 and will create nearly 2,000 jobs.
Hyundai Heavy Industries Group, through its holding company Hyundai Genuine, closed the acquisition of a 30% stake in Doosan Infracore for 850 billion won ($722.5 million). The deal was announced on August 19, 2021.
Applied Industrial Technologies acquired R.R. Floody Company, a provider of automation products and services focused on machine vision, robotics, and material handling. Terms were not disclosed.
Sherwin-Williams has signed an agreement to acquire the European industrial coatings business of Sika AG. The business, based in Germany with operations in Poland, Austria and Switzerland, had sales of approximately CHF 75 million ($82 million) in 2020. The transaction is expected to close in early 2022.
BioCheck, Inc. announced the acquisition of DRG International, a manufacturer of clinical diagnostic and research ELISAs, on August 18, 2021. The deal expands BioCheck's IVD development and sales channels.
Rambus has completed the acquisition of PLDA, a provider of interface IP solutions, to strengthen its data center interface offerings.
Compal Electronics and Realtek Semiconductor have established a joint venture, Starmems Semiconductor, to supply chips for notebook MEMS microphones and TWS earbuds.
KAMIC Group AB has acquired all shares in Elproman AB, a supplier of special cables and connectors based in Segeltorp, Sweden. The sellers are Per Hjelm and Metrofunk Kabel-Union GmbH (part of Nexans Group). Elproman has about 30 employees and annual sales of over SEK 90 million.
Innergex and Hydro-Québec jointly acquired the 60 MW Curtis Palmer run-of-river hydroelectric portfolio in New York for US$310 million upfront cash, plus an earn-out. Each will own 50%.
Kinshofer GmbH signed a definite agreement to acquire a majority shareholding of Cangini Benne Srl, an Italian manufacturer of attachments for excavators and front loaders.
Mueller Water Products acquired i2O Water for approximately $20 million in cash. i2O Water provides intelligent water network solutions.
Kurita Water Industries completed its acquisition of Keytech Water Management through its North American subsidiaries in a stock purchase deal.
De Nora Water Technologies signed an agreement to acquire 100% of the shares of ISIA S.p.A., including its chlorine dioxide generator technology and team.
The Madern Group has acquired Weidenmiller Co., a rotary tool and die manufacturer for the cookie, cracker, snack and pet food industries. Weidenmiller will continue operations in Itasca, Illinois.
ATC Drivetrain acquired H.L. Smith Transmissions Ltd, a UK-based remanufacturer of heavy-duty commercial vehicle drivetrain and steering systems. The acquisition expands ATC's capabilities into the commercial vehicle market.
Afchina completed the acquisition of sulfonamide fiber equipment and intellectual property rights from Shanghai Tanlon Fiber Co., Ltd. to expand its aramid fiber business and enhance competitiveness in high-performance fibers.
Shanghai Electric announced on August 17, 2021 that its board approved the transfer of its 80.59% stake in Electric International Trading to Shanghai Electric Group for RMB 1.957 billion. The transaction is expected to generate a gain of RMB 568 million.
Quantic Electronics, a portfolio company of Arcline Investment Management, acquired BEI Precision Systems & Space Company from J.F. Lehman & Company. BEI Precision makes position feedback sensors and frequency reference technologies for space, aerospace, and defense.
Neles signed an asset purchase agreement to acquire the valve and pump businesses of Flowrox, with about EUR 30 million of 2020 sales, for EUR 40.9 million in cash plus up to EUR 3 million earn-out. Closing is estimated for November 2021.
Hyster-Yale Materials Handling completed the acquisition of 75% of Zhejiang Maximal Forklift Co., Ltd. from KNSN Pipe & Pile Company Limited for $90 million. The company has been renamed Hyster-Yale Maximal Forklift (Zhejiang) Co., Ltd.
Faurecia and Hella are combining to create the #7 global automotive supplier, with a highly advanced technology portfolio addressing all industry megatrends.
Brandt Tractor Ltd. has agreed to acquire all outstanding shares of Cervus Equipment Corporation for $19.50 per share in cash, valuing Cervus at approximately $302 million.
L Squared Capital Partners acquired Crane 1, a provider of overhead crane MRO services and equipment based in Miamisburg, Ohio, from Pfingsten. The acquisition is L Squared's second platform investment in Fund III.
CoolSys, a refrigeration and HVAC solutions company, acquired T&O Refrigeration, a refrigeration services company based in Fayetteville, Georgia, expanding its presence in the Southeast region.
GenServe, a portfolio company of GenNx360 Capital Partners, acquired LJ Power, a provider of generator maintenance and repair services based in Austin, Texas. The acquisition expands GenServe's field service staff to 100 technicians across three regions.
China XD Group Co. plans to combine electricity transmission and distribution equipment makers, including units of China XD and State Grid Corporation of China, to create a $17 billion (110 billion yuan) behemoth. The subsidiaries will be spun off from parent firms by the end of 2021 to allow consolidation.
Mutares SE & Co. KGaA signed an agreement to acquire Innomotive Systems Hainichen GmbH, a manufacturer of automotive door hinges, from a Chinese state-controlled enterprise. The company has revenues of approximately EUR 120 million and closing is expected in Q4 2021.
Rieter Holding Ltd. signed an agreement to acquire the Schlafhorst automatic winder business, Accotex and Temco from Saurer Netherlands Machinery Company B.V. for EUR 300 million. Closing is expected in August 2021.
Renesas Electronics Corporation announced that the Taiwan Fair Trade Commission waived jurisdiction, completing final regulatory review for its acquisition of Dialog Semiconductor. The acquisition is expected to close on August 30, 2021.
Indorama Ventures Public Company Limited agreed to acquire Brazil-based Oxiteno S.A. Indústria e Comércio from Ultrapar Participações S.A. for $1.3 billion, with a deferred payment of $150 million in 2024. The acquisition gives IVL a unique portfolio in high-value surfactants.
Huhtamaki is acquiring Elif, a Turkey and Egypt based supplier of sustainable flexible packaging, for GBP 350 million, expanding its flexible packaging footprint into Turkey.
Apex Companies has acquired Engineered Handling, Inc., a storage and warehouse equipment supplier based in Charlotte, North Carolina. The acquisition expands Apex's reach into the Mid-Atlantic and Southeast U.S. and adds capabilities in the automotive parts and tool crib market.
INCJ, Hitachi Construction Machinery and Nissan signed a definitive agreement to integrate their forklift businesses into a new company, UniCarriers Corporation, with INCJ holding 53.3%, Hitachi Construction Machinery 26.7% and Nissan 20.0%. INCJ will inject 30 billion yen of growth capital.
Consolidated Equipment Group, a portfolio company of Hanover Partners and Northstar Capital, was acquired by Dominus Capital. Terms were not disclosed. CEG designs and manufactures skid-steer and tractor attachments.
Faurecia announced a public tender offer to acquire all shares of Hella at €60 per share, and will acquire the 60% stake held by the Hella pool family shareholders for a combination of cash and shares, creating the 7th largest global automotive supplier.
Grote Co., a family-owned food slicing and assembly equipment company, acquired Precision Food Innovations (PFI), a manufacturer of conveying equipment, from Precision Inc. on August 13, 2021. Terms were not disclosed.
Benvic Group announced the acquisition of Chemres, a US-based specialty compounder focused on high-performance polymer compounds for medical, packaging, and wire & cable industries. The deal allows Benvic to enter the US market.
Kawasaki Heavy Industries acquired a minority quota of Mercurio S.r.l., an Italian engineering and services company specializing in energy plants and fiberglass machinery.
Memic Innovative Surgery Ltd. and MedTech Acquisition Corporation announced a definitive agreement for a business combination. The combined company will operate under the Memic name and list on Nasdaq. The transaction is expected to close in Q4 2021.
Right Time Group of Companies announced the acquisition of Anchor Home Comfort, an HVAC services company in St. Catharines, Ontario. Terms were not disclosed.
SCG Packaging completed the 75% share acquisition of Intan Group, an Indonesian corrugated container producer, on August 13, 2021, for 822 billion rupiah upfront through a joint venture with Rengo.
Premji Invest bought a major, undisclosed stake in SB Packagings, an Indian flexible packaging maker for the hygiene segment, with proceeds partly used for capacity expansion and acquisitions.
Saint-Gobain and Rolaco's joint venture acquired Saudi Serpo Co. in 2020. On August 12, 2021, the newly renovated 16,000 m² production facilities in Saudi Arabia were inaugurated, with upgraded technology to increase capacity and product range.
EDGE has entered a conditional agreement to acquire the remaining 40% stake in Advanced Military Maintenance Repair and Overhaul Centre (AMMROC) from Lockheed Martin and Sikorsky, making AMMROC wholly owned by EDGE.
Saudi Arabian Military Industries (SAMI) has acquired Advanced Electronics Company (AEC) in the largest military industries deal in Saudi Arabia. The acquisition will make AEC a 100% Saudi-owned company.
Precision ADM acquired Roswell Downhole Technologies Inc., a Canadian manufacturer of melt-blown fabric for medical filtration. Together they will manufacture Canada's first supply of 100% compostable nonwoven fabrics for PPE using biopolymers.
MTU Aero Engines AG sold Vericor Power Systems, a marine and industrial gas turbine OEM, to US private equity company CSL Capital Management. No financial details were provided.
CSL Capital Management formed Kanaci Technologies, integrating BJ Energy Solutions' technology, and acquired Vericor Power Systems, a supplier of aeroderivative gas turbines. Vericor will operate as a subsidiary of Kanaci Technologies.
Genuen, a provider of test solutions, acquired Versatech, an engineering firm specializing in robotic and production automation equipment. The acquisition adds production line automation and test capabilities to Genuen's offerings.