Hyundai Motor Group completed the acquisition of a controlling 80% stake in Boston Dynamics from SoftBank Group, valuing the mobile robot firm at $1.1 billion. SoftBank retains a 20% stake.
Kerry Group plc agreed to acquire Hare Topco, Inc. (trading as Niacet Corp) from SK Capital Partners and other shareholders for €853 million on a cash-free, debt-free basis. Niacet is a global leader in preservation technologies for bakery, pharma, meat and plant-based food.
LG Electronics will spin off its green business to set up LG Magna e-Powertrain Co. on July 1, 2021, with Magna acquiring a 49% stake for $453 million. The joint venture will focus on electric vehicle powertrains.
Westlake Corporation has entered into a definitive agreement to acquire Boral's North American building products businesses in roofing, siding, trim, shutters, decorative stone, and windows for $2.15 billion in an all-cash transaction. The deal is expected to close in the second half of 2021.
CNH Industrial has entered into an agreement to acquire 100% of Raven Industries for $58 per share, representing a $2.1 billion enterprise value. The acquisition enhances CNH Industrial's precision agriculture capabilities and is expected to close in Q4 2021.
Unifrax, backed by Clearlake Capital, has signed a definitive agreement to acquire Lydall for $62.10 per share, implying a total enterprise value of approximately $1.3 billion. The acquisition creates a global specialty materials platform focused on battery materials, filtration, and energy-saving technologies.
Synopsys signed a definitive agreement to acquire the semiconductor and flat panel display solutions from BISTel, a leader in AI applications for semiconductor smart manufacturing. The acquisition is expected to close in Synopsys' fiscal Q4 2021.
Takween Advanced Industries received no-objection from the General Authority for Competition for China-based JOFO Nonwoven Co. Ltd. to acquire 70% of its subsidiary Advanced Fabrics (SAAF) for a total enterprise value of $90 million. The deal is expected to close on June 30, 2021.
Ingersoll Rand agreed to acquire German progressive cavity pump maker Seepex GmbH in an all-cash deal valued at €431.5 million, expected to close in Q3 2021 pending regulatory approvals. Announced June 21, 2021.
Westlake Chemical Corporation announced it will acquire Boral Limited's North American building products businesses for $2.15 billion in an all-cash transaction. The deal includes brands in roofing, siding, trim, shutters, decorative stone, and windows, and is expected to close in the second half of 2021.
Shanghai Bright Power Semiconductor signed an acquisition intention agreement to acquire a 95.75% stake in Linko Semiconductor for approximately CNY 610 million, consisting of cash and shares.
Guthrie & Frey Water Conditioning is acquiring KH Water Specialists, adding a fourth office in southeastern Wisconsin. Terms were not disclosed.
Ensto Oy has acquired 51 percent of the shares of Röhrbacher Technik, an Austrian electrical products trader. The company will be renamed Ensto Röhrbacher Technik GmbH and become part of Ensto's EVU division.
Wildpack Beverage signed a binding agreement to acquire CraftPac LLC, an aluminum can decorator in Georgia, for US$2.15 million cash, with closing expected around June 30, 2021. Announced June 18, 2021.
French drug delivery device maker Nemera acquired Milfra, a Brazilian family-owned company in Jaguariúna, São Paulo state, to expand into Latin America. The deal value was not disclosed.
enX Group announced the completion of the disposal of its subsidiary Impact Fork Trucks Limited to Aprolis Holdings SAS, after all conditions precedent were fulfilled.
The planned merger between Altos Hornos de México (AHMSA) and Grupo Villacero-Afirme, announced on June 17, 2020, has not been completed after one year due to a hold by the Federal Economic Competition Commission (Cofece). The deal involved a $300 million investment from Grupo Villacero.
Sandvik acquired DSI Underground Holdings and its South African joint venture with Frank Calandra Inc (Jennmar JV), subject to employment conditions. The merger was approved by the Competition Tribunal of South Africa on June 17, 2021.
Kobe Steel and Miura Co. concluded final agreements under which Miura invests in Kobe Steel's subsidiary Kobelco Compressors and Kobe Steel invests in Miura, forming a capital and business alliance in standard air compressors.
Shengxing Holdings (002752.SZ) plans to acquire all equity of Pacific Can (Qingdao) from Fuzhou Pacific Can Group for RMB 262 million, funded from its own resources, to expand its two-piece can business in Qingdao.
ZS2 Technologies, a Calgary cleantech company, acquired IPB Systems, a provider of structurally insulated panels. The acquisition will double ZS2's manufacturing capacity and relocate IPB's facility to Calgary.
Fluidra has completed the acquisition of all substantial assets of Built Right, a Florida-based manufacturer of heat pumps. The acquisition will add 30 new jobs in Punta Gorda.
Berylls Equity Partners acquired the insolvent Heinrich Huhn Group, a metal forming automotive supplier with sites in Germany and Slovakia, securing about 500 jobs. The purchase agreement was signed on June 16, 2021.
Strikepoint Group Holdings acquired First Class HVAC, a provider of heating, cooling and plumbing services based in Delaware. The acquisition was announced on June 16, 2021.
Befesa S.A. will acquire 100% of American Zinc Recycling's recycling assets for $450 million and invest $10 million for a minority stake in American Zinc Products, forming a joint venture. The deal creates a global leader in recycling steel mill dust.
LKAB will acquire 75% of the shares in Bergteamet AB, a mining contractor, pending approval by the Swedish Competition Authority. Bergteamet had sales of SEK 311 million and about 160 employees in 2020.
Distrupol, a European distributor of thermoplastics and elastomers and an affiliate of GPD Companies, has acquired Lautrup Chemicals A/S, a leading distributor of polymers in Scandinavia. Terms were not disclosed.
Brain Scientific Inc. entered into a definitive merger agreement to acquire Piezo Motion Corp., a developer of high-precision piezoelectric motion technology. The closing contemplates a minimum $5 million capital investment for the combined company.
Urban Stacke Industri AB, through its subsidiary Stacke Hydraulik AB, acquired component manufacturer Hellstens Mekaniska AB in Väderstad, Sweden, to strengthen its position in hydraulic cylinders.
Rambus signed an agreement to acquire AnalogX, a provider of low-power multi-standard connectivity SerDes IP solutions, to accelerate its data center interface solutions. The transaction is expected to close in Q3 2021.
Guodian Tech&Environment agreed to sell a 15.68% stake in Guodian United Power to China Energy for CNY408 million, as part of a broader restructuring that also includes capital increases by China Energy and Longyuan Power.
Supreme Integrated Technology (SIT) of Harahan, Louisiana, has acquired the assets of C.S. Controls, a Houma, Louisiana manufacturer of marine systems such as steering gears, cranes and winches. C.S. Controls joins Employee Owned Holdings.
Integrated Polymer Solutions, a portfolio company of Arcline Investment Management, has acquired Swift Textile Metalizing, a designer and manufacturer of metalized fabrics for EMI/RFI shielding applications. The acquisition was announced on June 15, 2021.
Berner Ltd has acquired a majority stake in Chemigate Oy, a company selling modified starches for technical applications. Chemigate will continue as an independent subsidiary with the same management. The transaction requires approval from the Finnish Competition and Consumer Authority.
Stackpole International's Powder Metal Group acquired E. Zimmermann GmbH, a German specialist in machining differential housings and crankshaft bearing cups for the automotive industry. Zimmermann reported €16.4 million in sales in 2020 with 130 employees.
Torqx Capital Partners intends to acquire a majority of shares in VHE Industrial automation, with current shareholders Joop Essing and Marc van Happen retaining partial ownership and roles. The transaction is expected to close in early July 2021.
Vertellus Specialties agreed to acquire the Intermediates & Specialty chemicals division (IM Chemicals) of ESIM Chemicals, a producer of maleic anhydride and specialty chemicals. The transaction is subject to regulatory approvals.
HeiQ Plc acquired 100% of Life Material Technologies Limited, Hong Kong, for an upfront consideration of US$6.45 million (US$2.55 million cash and US$3.9 million in shares), with additional earn-out of up to US$2.8 million. The acquisition strengthens HeiQ's antimicrobial technologies platform.
Denison Mines Corp. entered into a binding agreement to acquire 50% ownership of JCU (Canada) Exploration Company, Limited from UEX Corporation for $20.5 million in cash, following UEX's acquisition of JCU from OURD.
Paragon Partners GmbH signed an agreement to acquire the Specials business of KME Group from Intek Group S.p.A. for €280 million, with Paragon owning 55% and KME 45% of a newly established company.
Switch Mobility Ltd, a subsidiary of Ashok Leyland, acquired the entire shareholding in Switch Mobility Automotive Ltd, India on June 14, 2021, making it a step-down subsidiary.
LCI Industries, through its subsidiary Lippert Components, acquired substantially all business assets of Trazcor, Inc., a specialized metal fabrication company in Goshen, Indiana, that supplies aluminum sidewalls and panels to recreation and transportation OEMs.
Blue Pearl Energy acquired a majority stake in REFRECO, a Belgian commercial and industrial refrigeration and HVAC company, marking its entry into the commercial refrigeration market.
Heubach Group, in partnership with SK Capital, signed a definitive agreement to acquire Clariant's Pigments Business for approximately CHF 805 million, plus up to CHF 50 million contingent on 2021 performance. Clariant will retain a minority stake in the combined business.
Kurita Water Industries completed the acquisition of Keytech Water Management through its North American subsidiaries in a stock purchase deal. Keytech, headquartered in Kitchener, Ontario, will operate as a 100% consolidated subsidiary of Kurita Canada Inc.
Stellex Capital Management completed its acquisition of the U.S. and Australia-based conveying business units from Komatsu Mining Corp. The acquired businesses formed a new standalone organization called Continental Global Material Handling. Financial terms were not disclosed.
Zeus Industrial Products, Inc., a manufacturer of advanced polymer solutions, finalized an agreement to integrate CathX Medical Inc. into its operations.
Indorama Ventures completed its acquisition of CarbonLite Holdings' Dallas, Texas PET recycling facility, bought for nearly $64 million in a bankruptcy auction. The site, renamed Indorama Ventures Sustainable Recycling, has combined capacity of 92,000 tons a year of food-grade rPET pellets and supports more than 130 jobs.
Helios Technologies signed a definitive agreement to acquire NEM S.r.l., a hydraulic solutions maker in Emilia Romagna, northern Italy, serving material handling, construction and agricultural markets. Terms were not disclosed and closing is expected in Q3 2021.
IDEX Corporation completed its acquisition of Airtech Group, Inc. and US Valve Corporation from EagleTree Capital, adding vacuum pumps, blowers, compressors and valves to its Health & Science Technology segment.