Minda Industries Ltd approved the purchase of the 49% stake in Harita Fehrer Ltd held by F.S. Fehrer Automotive GmbH for a total consideration of Rs. 115 Crores. Post acquisition, Harita Fehrer will become a wholly owned subsidiary of Minda Industries.
Saint-Gobain has signed a definitive agreement to acquire all outstanding shares of GCP Applied Technologies for $32.00 per share in cash, valuing the transaction at approximately $2.3 billion (€2.0 billion).
Mitsui Chemicals completed its tender offer for common stock of Honshu Chemical Industry, acquiring nearly 62% of shares, making it the majority owner.
Huhtamaki has completed the acquisition of the assets of Jiangsu Hihio-Art Packaging Co. Ltd., a Chinese manufacturer of paper bags, wraps and folding carton packaging. The debt-free purchase price was EUR 27 million.
Kuraray announced plans to divest Calgon Carbon's UV-based water treatment and ballast water treatment operations to De Nora Water Technologies LLC. The business transfer is scheduled for end of June 2021.
PPG announced it has completed its acquisition of all shares of Tikkurila, a Nordic paint and coatings company.
Element Solutions Inc has made a binding offer to acquire Coventya Holding SAS for approximately €420 million in cash, including debt assumption. The transaction is expected to close in late Q3 or Q4 2021.
Saint-Gobain Ecophon AB, a subsidiary of Compagnie de Saint-Gobain, acquired Denmark-based Fade Acoustic Ceilings Europe ApS, a specialist in acoustic plaster systems. Announced June 11, 2021.
Intel has made a takeover offer for SiFive, with an asking price of more than $2 billion, according to a Bloomberg report. Reported June 11, 2021.
IES Holdings acquired STR Mechanical, an HVAC services provider in the Carolinas and Virginia, on June 11, 2021. Terms were not disclosed.
MacDermid Enthone Industrial Solutions, a subsidiary of Element Solutions Inc., signed an agreement to acquire Coventya, a specialty chemicals company for surface finishing. The acquisition is expected to close by Q4 2021.
Warn Industries acquired substantially all assets of Fabtech Motorsports, a manufacturer of suspension systems and lift kits based in Chino, California.
Loxam Group, through its subsidiary Ramirent AB, acquired MaskinSlussen AB, a general equipment rental company in western Sweden with 3 branches and revenues of over SEK 90 million. The acquisition strengthens Loxam's position in the Swedish equipment rental market.
Huaxin Cement's board approved the acquisition of Lafarge Zambia Plc and Lafarge Cement Malawi Ltd for a total enterprise value of US$160 million. The deal will add 1.75 million tons of annual cement capacity in Africa.
The Protech Group announced it has reached an agreement to acquire the liquid coatings business of Excalibur Paints & Coatings Ltd.
RPM International announced that its Carboline subsidiary has acquired Dudick Inc., a provider of high-performance coatings, flooring systems and tank linings.
Hargassner International has acquired 100% of Rakoczy Stal, a Polish manufacturer of high-quality boilers for pellets and coal, with over 70 employees in Stalowa Wola.
Vertical Aerospace, a UK eVTOL aircraft developer, has entered a definitive agreement to merge with SPAC Broadstone Acquisition Corp., with a pro forma equity value of $2.2 billion, expected to close in H2 2021.
indie Semiconductor, an Autotech solutions innovator, has completed its business combination with SPAC Thunder Bridge Acquisition II, Ltd. The combined company will trade on Nasdaq as 'INDI' starting June 11, 2021.
Rotunda Capital Partners acquired and combined American Equipment, Pacific Crane & Hoist, and Allied Crane to form American Equipment Holdings, the largest independent overhead crane and hoist solutions provider in the Western U.S.
Audax Private Equity acquired a majority stake in S.J. Electro Systems, a manufacturer of control solutions for the water and wastewater industry. Terms were not disclosed.
China Automotive Systems, through its subsidiary Hubei Henglong Automotive Systems Group, purchased a 40% interest in Sentient AB, a Swedish automotive technology company, for EUR 20 million. Sentient specializes in software and hardware for steering, vehicle motion control and autonomous driving.
Nèos International has acquired Absolute Composite Solutions Limited (A.C.S.), a composite specialist based in Derby, UK. The acquisition was completed on June 9, 2021, and A.C.S. has merged into Nèos Composites.
GE-Prolec Transformers, Inc. (Prolec GE) has signed a definitive agreement to acquire SPX Transformer Solutions business (SPXT) from SPX Corporation for $645 million cash. The deal is expected to close by end of 2021.
North American Construction Group Ltd. entered into a definitive agreement to acquire DGI Trading Pty Limited, an Australian supplier of production-critical components to the mining industry, for an estimated purchase price of $23.5 million. The transaction is expected to close on July 1, 2021.
Renco Group, a New York City-based holding company, acquired Renfro Brands, a textile manufacturer based in Mount Airy, North Carolina. The purchase price was not disclosed.
Worthington Industries Inc. has acquired certain assets of Shiloh Industries' U.S. BlankLight business, expanding its laser welded products joint venture TWB Co. LLC with three facilities and adding a blanking facility to its Steel Processing business. The transaction adds about 200 employees and four facilities in Kentucky, Michigan, and Ohio.
Wrench Group LLC of Marietta, Georgia has acquired Williams Comfort Air and its subsidiaries, including Mr. Plumber, Jarboe's Plumbing Heating & Cooling, and Thomas & Galbraith Heating Cooling & Plumbing. The acquired companies have more than 400 employees. Financial terms were not disclosed.
Clearwater International advised Heitkamp & Thumann Group on the sale of its subsidiary Westfalia Metal Components Group to Vollmann Group. Westfalia is a manufacturer of lightweight safety-relevant chassis, body and seat components for the automotive industry, generating approximately €70 million in sales.
Carrier has finalized its acquisition of a controlling stake in China's Guangdong Giwee Group, which produces VRF, modular chiller and light commercial air conditioning equipment. The deal expands Carrier's geographic footprint and market position in HVAC.
US-based packaging automation company K2 Kinetics acquired Robotic Packaging Machinery (RPM), a designer and manufacturer of case packing solutions. Financial details were not disclosed.
SPX Corporation entered into a binding agreement to sell its wholly-owned subsidiary SPX Transformer Solutions to GE-Prolec Transformers for $645 million in cash. The transaction is expected to close in the second half of 2021.
KPS Capital Partners signed a definitive agreement to acquire Siderforgerossi Group, a global manufacturer of large-diameter forged products, from its current owners. Siderforgerossi operates nine manufacturing sites in Italy and three in India.
Scottish engineering group RSE acquired a majority stake in Leeds-based switchgear maker Technical Control Systems (TCS) for an undisclosed sum, adding 52 employees and 3,400 square meters of manufacturing capacity.
nVent Electric signed a definitive agreement to acquire CIS Global, a provider of data center power solutions, for approximately $200 million in cash. The deal is expected to close by Q3 2021.
KAMIC Group AB has acquired all shares in Talema Group LLC, a global manufacturer and supplier of magnetic components such as transformers and inductors, from the Park and Daily families.
Airbus Helicopters and ZF Friedrichshafen AG reached an agreement for Airbus to acquire ZF Luftfahrttechnik GmbH, an MRO service partner for helicopter dynamic components based in Kassel-Calden, Germany. The acquisition is subject to regulatory approvals and expected to close in 2021.
AFG Holdings, Inc. acquired the shares of Maass Flange Corporation and its affiliated businesses in Mexico and Canada, creating Ameriforge LLC to offer a broad spectrum of forged products including carbon, stainless and nickel alloy flanges.
Power Grid Corporation of India Ltd (PGCIL) acquired Sikar-II Aligarh Transmission Ltd (SATL), a special purpose vehicle for a transmission project to evacuate power from 8,100 MW solar energy zones in Rajasthan. The acquisition was for INR 21.56 crore.
Stena Drilling acquired a 30% stake in Intebloc, a digital offshore lifting technology company, to improve safety and productivity of offshore lifting operations.
MICROMINE has signed a deal to purchase Precision Mining, a Queensland-based technology company known for its Spry mine scheduling software. The acquisition is MICROMINE's first in almost two decades.
Colfax Corporation, through its subsidiary DJO, has entered into a definitive agreement to acquire Mathys AG Bettlach, a Swiss orthopedics company. The transaction is expected to close in Q3 2021.
Iwis SE & Co. KG has completed the acquisition of the Soehnergroup, including Walter Söhner GmbH & Co. KG and its subsidiaries in the US, China, and Romania, after receiving antitrust approval.
ACT signed a definitive agreement to acquire a stake in Hyeopjin Machinery, a food processing equipment manufacturer, for 38.5 billion won.
Siemens Digital Industries Software signed an agreement to acquire the proFPGA product family of FPGA desktop prototyping technologies from PRO DESIGN Electronic GmbH.
Australian OEM HMPS acquired stretch wrapping specialist Integrated Machinery from Pro-Pac Packaging Group for an undisclosed sum. The acquisition adds a manufacturing hub in Melbourne and expands HMPS's end-of-line equipment portfolio.
Angeles Equity Partners agreed to acquire Primus Aerospace, a manufacturer of complex precision components for the aerospace, defense, and space sectors. Financial terms were not disclosed.
Arkema acquired a 10% stake in ERPRO 3D FACTORY (E3DF), a French specialist in large-series additive manufacturing. The investment will make Arkema a member of E3DF's strategic committee.
Reno De Medici signed an irrevocable commitment to acquire 100% of Fineska B.V., the holding company of the Eska Group, a solid board maker with two Dutch mills and 290,000 tons of yearly capacity. Closing is expected by July 31, 2021.
Zeitfracht Gruppe acquired Sauter Feinmechanik, a world market leader in tool revolver technology and supplier of tool and workpiece carrier systems for machine tools. Sauter employs about 240 people and has subsidiaries in the US, Hungary, and Taiwan.