TRUMPF has acquired Lantek, a Spanish software specialist for sheet metal processing, to expand its software business and offer open, manufacturer-independent solutions. Lantek will continue to operate under its own name.
France Elévateur has acquired 100% of the equity in Talleres Velilla, which trades as Movex, a Spanish vehicle-mounted lift manufacturer based in La Garriga, Barcelona. The acquisition adds production capacity and expands geographic coverage.
Yanfeng has agreed to acquire Adient's 49.99% share in the Yanfeng Adient Seating joint venture in China, taking full ownership of the JV, its 16,000 employees, 55 manufacturing facilities, and a technical center.
National Grid plc agreed to sell The Narragansett Electric Company to PPL Corporation for an equity value of US$3.8 billion, as part of a transaction where National Grid also acquires Western Power Distribution from PPL.
Trinseo announced the pricing of $450 million in senior notes and $750 million in term loans to fund its acquisition of Arkema's PMMA and MMA business.
Norwegian pump specialist Lakers AS has acquired Pump Supplies Ltd, the UK's largest electric submersible pump hire fleet operator and leading Flygt distributor, for an undisclosed sum, expanding Lakers into the UK market.
Royal DSM is selling its advanced solar business in backsheet products to Worthen Industries. Financial terms were not disclosed. Completion is expected mid-2021.
Al Shirawi Group acquired Thor Middle East LLC and TMEA FZCO, Dubai-based suppliers of cranes, skip loaders, and related equipment. Thor is the exclusive regional distributor for Hiab cranes and other European brands.
ADNOC Logistics & Services has acquired all UAE-based assets of Speedy Hire PLC, including over 2,000 pieces of material handling equipment such as cranes and forklifts, to expand its offshore logistics operations.
The European Commission approved the acquisition of Hexion's Phenolic Speciality Resins business by Black Diamond and Investindustrial, concluding no competition concerns.
Beinbauer Group, a portfolio company of H.I.G. Capital, has acquired the business operations of insolvent Walter Hundhausen GmbH, a leading iron foundry in Germany. The acquired entity will operate as Hundhausen Casting GmbH.
GMM Pfaudler emerged as the successful bidder to acquire assets of HDO Technologies Ltd, including land, building, plant and machinery, for ₹58.46 crore. The acquisition will enhance capacity in heavy engineering.
Carrier announced a joint venture with Watsco to acquire Temperature Equipment Corporation (TEC), the largest Carrier distributor in the Midwest. Watsco will own 80% and Carrier 20% of the venture.
Ardagh Group agreed to buy Anheuser-Busch's Longhorn Glass manufacturing facility in Houston, which supplies bottles to A-B's Houston brewery, with a long-term supply agreement and planned furnace modernisation. Parcrest Advisors acted as exclusive advisor to the seller.
Palfinger has sold its Norwegian lifeboat manufacturing operation in Ølve via a Management Buy Out.
Ovarro completed the acquisition of Datawatt, a Netherlands-based business serving the domestic water and energy sectors with RTUs and asset SCADA solutions.
Net Trading Group (NTG) signed an agreement to acquire Norwegian geothermal company Rock Energy Group. The deal was announced on March 15, 2021, and requires approval at an Extraordinary General Meeting expected in the second half of April.
Saint-Gobain in Russia, Ukraine and CIS signed an agreement to acquire NPF Adgeziv, a Russian full-cycle producer of polyurethane and epoxy products for construction, aerospace, mining, and other industries.
Condor Gold entered an agreement to purchase a new Metso Outotec SAG mill package from First Majestic Silver for about $6.5 million, to serve its La India gold project in Nicaragua.
Sika has agreed to acquire Supermassa do Brasil Ltda., a mortar manufacturer operating under the brand BR Massa in Brazil. The acquisition enhances Sika's position in the Minas Gerais region and complements its production footprint with a mortar manufacturing facility.
Roche signed a definitive merger agreement to acquire GenMark Diagnostics for $24.05 per share, totaling approximately $1.8 billion. GenMark's molecular diagnostic tests complement Roche's portfolio.
Luxfer Gas Cylinders acquired Structural Composites Industries, a North American composite cylinder manufacturer based in Pomona, California. The acquisition strengthens Luxfer's composite cylinder offering for alternative fuels and aerospace.
Bentley Systems, a global infrastructure engineering software company, has agreed to acquire New Zealand-based Seequent, a provider of geological and geophysical modelling software, for $900 million in cash. The transaction is expected to close in Q2 2021.
Tilt Renewables has entered into a Scheme Implementation Agreement under which Powering Australian Renewables (PowAR) will acquire Tilt's Australian business and Mercury NZ Limited will acquire Tilt's New Zealand business. Shareholders will receive NZ$7.80 per share in cash. Infratil supports the transaction.
UltraTech Cement, through its subsidiary, took over 3B Binani Glassfibre Sarl Luxembourg by revoking pledged shares from Bank of Baroda London, gaining control of the fiberglass subsidiary.
Achronix, a fabless semiconductor corporation, agreed to combine with special purpose acquisition company ACE Convergence Acquisition. The combined entity will be named Achronix Semiconductor Corporation with a $2.1 billion post-transaction equity value.
Biesse Group has agreed to sell its subsidiary Dongguan Korex Machinery Co. LTD in Dongguan, China, for CNY 183.5 million (EUR 22.5 million). The deal is expected to close by mid-March 2021.
Amec Foster Wheeler shareholders voted to approve the recommended all-share offer by John Wood Group PLC, with over 99% of votes in favor. Completion remains subject to regulatory approval and court sanction.
Wood Group acquired Automated Technology Group (ATG), a UK supplier of control and power solutions for industrial automation, for an undisclosed amount. ATG will operate within Wood Group Mustang's Automation and Control business.
Adient has entered into agreements to sell its 49.99% interest in YFAS to Yanfeng for ~$1.5 billion, and will acquire YFAS's interests in CQYFAS and YFAS-LF, allowing Adient to operate independently in China.
Amec Foster Wheeler signed an agreement to sell its core boiler business to Sumitomo Heavy Industries for £137 million. The sale is expected to complete in Q2 2017.
Weber Holding GmbH acquired the Plauen and Roding plants of insolvent Schweizer Group Global. The transfer is intended for April 1, 2021, subject to conditions. Weber will retain all 110 jobs in Roding and 63 of 126 jobs in Plauen.
India Glycols has approved selling a 51% stake in its specialty chemicals business to Clariant International. The business will be transferred to a wholly-owned subsidiary, IGL Green Chemicals, and then 51% will be sold to Clariant. The announcement was made on March 12, 2021.
Chinese appliance group Hisense Home Appliances will acquire 75% of Sanden and inject 175 million euros of capital, with the shareholder change to be approved at the May 7 shareholder meeting. Sanden's only French plant is in Tintenia near Rennes.
Loews Corporation has agreed to sell a 47 percent stake in Altium Packaging to GIC, the Singapore sovereign wealth fund.
Loews Corporation signed a definitive agreement to sell a 47% interest in Altium Packaging, a North American rigid plastic packaging and recycled resin company, to Singapore's sovereign wealth fund GIC, with closing expected within 30 days.
Bentley Systems has entered into a definitive agreement to acquire Seequent, a leader in 3D modeling software for geosciences, for $900 million in cash plus 3,141,361 BSY Class B shares (total ~$1.05 billion). The announcement was made on March 11, 2021.
ATS Automation Tooling Systems Inc. completed the acquisition of a 92.75% stake in CFT S.p.A. for €82.8 million. The tender offer was at €4.60 per share.
LafargeHolcim has signed an agreement to acquire Firestone Building Products (FSBP) from Bridgestone Americas for $3.4 billion. FSBP is a leader in commercial roofing and building envelope solutions with 2020 estimated net sales of $1.8 billion. The transaction is expected to close in the second quarter of 2021.
Marlowe, a UK specialist services company, acquired wastewater treatment and compliance services provider WPL for an enterprise value of £10 million. WPL will join Marlowe's Environmental Engineering Division.
Expro Group and Frank's International announced a definitive agreement to combine in an all-stock transaction. Expro shareholders will own approximately 65% of the combined entity, with Frank's shareholders owning approximately 35%. The combined company will have no debt and approximately $285 million of cash.
Scholle IPN, a global supplier of flexible packaging solutions, has completed the purchase of Bossar, a supplier of flexible horizontal form-fill-seal packaging equipment. The acquisition combines the capabilities of both companies to provide integrated sustainable packaging solutions.
Hydrauvision, a supplier of hydraulic equipment, acquired Fundex Equipment, an OEM of foundation machines. Fundex Equipment will continue to operate largely independently.
Sulzer completed the acquisition of Nordic Water, a supplier of screening, sedimentation and filtration equipment for water treatment plants. The deal expands Sulzer's water treatment portfolio.
Arxada, a specialty chemicals business owned by Bain Capital and Cinven, and Troy Corporation have entered into an agreement to combine the two companies, creating a global microbial control solutions provider.
Komatsu signed an agreement to sell its US and Australian-based conveying businesses to Stellex Capital, including stock of Joy Global Conveyors Inc. and assets in Winfield, AL and Somersby, NSW. The new entity will be called Continental Global Material Handling LLC.
Hillenbrand completed the sale of Abel Pumps, L.P. and affiliates to IDEX Corporation, generating cash proceeds of about $103.5 million. The agreement was originally announced on January 11, 2021.
Otsego Crane & Hoist Company, a distributor, designer, fabricator, and service provider of overhead material handling equipment, was acquired by two individual investors based in Grand Rapids, Michigan.
Mno-DREK, LLC, a holding company formed by Mno-Bmadsen and DREK Holdings, has acquired Walerko Tool & Engineering Corporation of Elkhart, Indiana. Walerko provides CNC machining, castings, and other services to aerospace, construction, and other industries.
IA Bell and Company (Pty) Ltd has made a non-binding expression of interest to acquire the entire issued ordinary share capital of Bell Equipment Limited not already held, at an indicative offer price of R10 per share. The offer is subject to the Deere transaction becoming unconditional.