AxFlow's subsidiary Brown Brothers Engineers has acquired SPX Flow Technology New Zealand Ltd., a sales and service organization for APV, Waukesha Cherry-Burrell and other fluid-handling brands, which will be renamed Brown Brothers Engineers Flow Technology Ltd.
Ingersoll Rand has agreed to acquire the assets of Tuthill Vacuum and Blower Systems from Tuthill Corp in an all-cash transaction valued at US$184 million.
Shengxing Shares plans to buy 100% of Pacific Can (Shenyang) from Pacific Can (Fuzhou) for 171 million yuan in internal funds to expand its two-piece can business in northeast China; the related agreement was signed on 30 November 2020.
Gresham Worldwide, a subsidiary of DPW Holdings, closed the acquisition of all outstanding shares of Relec Electronics Ltd., a UK-based provider of power conversion and display technology solutions. The deal closed on November 30, 2020.
Diodes Incorporated completed its acquisition of Lite-On Semiconductor (LSC) for approximately $446 million in cash, after receiving regulatory approvals. LSC shareholders received TWD 42.50 per share.
Körber AG sold LTI Motion GmbH and Heinz Fiege GmbH to KEBA AG. The acquisition includes subsidiaries in Switzerland, Italy, China, and Taiwan. The purchase price was not disclosed, and the transaction is expected to close by end of December 2018.
PPG Industries announced it would buy coatings manufacturer Ennis-Flint in a deal valued at about $1.15 billion. Ennis-Flint employs about 1,000 people globally and its full-year 2020 revenue is expected to be about $600 million.
Smart glass company View Inc. announced a merger agreement with Cantor Fitzgerald-sponsored SPAC CF Finance Acquisition Corp. II, valuing View at US$1.6 billion and providing US$800 million in capital.
The Lion Electric Company announced a merger agreement with SPAC Northern Genesis Acquisition Corp., with a US$200 million private placement, expected to list on NYSE under ticker LEV at a US$1.9 billion valuation.
Viessmann Refrigeration Systems ApS, the Danish subsidiary of Viessmann, acquired its Danish service partner Scandinavian Cooling Solutions ApS (SCS), which has about 50 employees and operates throughout Denmark.
Walsin Technology, through its subsidiary Busan Electronics, acquired Japanese component maker Soshin Electronics to strengthen its LTCC filter and communications product lines.
Jacobs announced a strategic partnership to acquire a 65% stake in PA Consulting, valuing PA at £1.825 billion ($2.4 billion). The remaining 35% will be held by PA employees, with Carlyle Group exiting.
Univar Solutions agreed to acquire the coatings, adhesives, sealants and elastomers (CASE) business of Zhuhai Techi Chem Silicone Industry Corporation, a distributor of specialty silicone solutions in China.
ZETKAMA sp. z o.o. merged with FAG S.A. of Głuchołazy on November 30, 2020, taking over FAG's assets. ZETKAMA now produces valves and castings at three Polish locations.
Kaiser Aluminum agreed to acquire the Warrick Rolling Mill, Alcoa Warrick, from Alcoa Corporation for $670 million. The aluminium beverage and food can stock plant is located near Evansville, Indiana, and was announced on December 1, 2020.
Agthia Group's shareholders approved a merger with Al Foah Company, the largest date processing and packaging company, in exchange for mandatory convertible instruments worth $122.5 million issued by Agthia.
India Grid Trust signed a share purchase agreement on November 28, 2020 to acquire a 74% stake in Parbati Koldam Transmission Company from Reliance Infrastructure. The implied enterprise value for 100% equity is INR 900 crore.
Total Reclaims Demolition (TRD) and CMEC Demolition, both Nottingham-based demolition firms, have merged with immediate effect. The merged company will operate under the TRD name, retaining all staff and aiming to compete for larger contracts nationwide.
Caster Concepts, an Albion-based manufacturer, acquired Aerol, a California company specializing in material handling for defense and aerospace. Caster Concepts will move Aerol's operations to Albion, with the transition expected by end of 2020.
Belgium-based Etex has agreed to acquire Knauf Australia from Germany-based Knauf, including three gypsum wallboard plants in Altona, Matraville and Bundaberg, and over 300 employees. The acquisition is expected to close in early 2021 for an undisclosed sum.
Dücker International and SEEMI entered exclusive negotiations for a partial sale of SEEMI's shares to Dücker Group, with final closing expected at the beginning of 2021. Both brands will remain active under their own names.
Nissens Automotive has announced the planned acquisition of a selection of AVA Cooling subsidiaries in Benelux, CEE, UK and Denmark from Enterex International Limited Group. A dialogue on acquiring AVA Cooling in France is also initiated.
Ferro Group concluded agreements on 26 November 2020 to become the majority shareholder of Termet (70.65%) and exclusive owner of Tester, expanding into gas condensing boilers and heating management systems.
Etnyre International Ltd. acquired SMF Inc., a heavy metal fabrication and machining company with locations in Minonk, Illinois and Anderson, South Carolina. The acquisition was announced on 2020-11-26.
Kind Technologies acquired Martin Stolze B.V., a specialist in internal transport automation for horticulture. The acquisition was announced on 2020-11-26.
Paragon Partners and Chequers Capital agreed to acquire a majority stake in 7days Group, a supplier of medical workwear. The transaction was announced on 2020-11-26.
Kersia announced an exclusive agreement to acquire Sopura, a specialist in hygiene for the food and brewery market. The acquisition will strengthen Kersia's presence in the beverage market and expand its geographic reach in Asia-Pacific and Africa.
Australian rental company Borger Cranes has acquired Kelly Green Crane Hire, based in Kunda Park, Queensland. The acquisition adds to Borger's fleet of 96 cranes and expands its presence in new states.
Yanmar Holdings Co., Ltd. completed the acquisition of Solis Traktör Sanayi A.Ş., a tractor factory in Izmir, Turkey, from International Tractor Limited (ITL). Yanmar will continue producing Solis-branded tractors and plans to produce Yanmar-branded tractors in the future.
CALIDA Holding AG completed its acquisition of the remaining 6.5% stake in Lafuma SA for €8.3 million on November 26, 2020, bringing its total stake to 97.96%. A squeeze-out of remaining shares is planned for December 4, 2020.
Copreci has closed an agreement to buy all assets of the valve production process from Defendi S.r.l., an Italian subsidiary of the E.G.O. Group, strengthening its gas cooking appliance business.
Cleveland-Cliffs Inc. announced it received early termination of the waiting period from the FTC for its proposed acquisition of substantially all of ArcelorMittal USA LLC and its subsidiaries. The deal is expected to close in December 2020.
Sabena Technics has acquired Aerotech Pro and Aeromecanic, two French companies specializing in military aircraft and helicopter maintenance services, to strengthen its position in the military MRO market.
WesTech Engineering, Inc., an employee-owned water treatment solutions provider, has signed a Membership Interest Purchase Agreement to be acquired by JS&S (Water Holdings) Inc., a subsidiary of John Swire & Sons Limited (Swire). Terms are confidential and subject to shareholder approval.
SIG Combibloc Group has signed an agreement to acquire the 50% stake held by Obeikan Investment Group in SIG Combibloc Obeikan, giving it full ownership. The joint venture operates a manufacturing plant in Riyadh, Saudi Arabia, and completion is subject to antitrust approvals.
INEOS O&P USA agreed to acquire Sasol's ownership of Gemini HDPE LLC. Gemini HDPE amended its Term Loan B to $600 million to fund the acquisition, and INEOS will commit to 100% capacity utilization for 15 years.
Ineos Olefins and Polymers USA has agreed to buy Sasol's 50% stake in the Gemini joint venture for $404 million, taking full ownership. The deal is expected to close by year end. Gemini is a toll manufacturer of bimodal HDPE in Bayport, Texas.
Paramit Corporation has acquired Emphysys, Inc., a technology development firm specializing in complex systems for medical device, life sciences, and industrial equipment industries. Emphysys is based near Boston, Massachusetts.
Mercury Plastics Inc. is expanding to the East Coast through the acquisition of Maryland Thermoform.
Kawashima Selkon announced it will become independent from parent company LIXIL Group through a management buyout (MBO), with management acquiring all shares from LIXIL to increase operational freedom and focus on interior textiles and traditional techniques.
TransDigm Group entered a definitive agreement to acquire Cobham Aero Connectivity for approximately $965 million in cash. CAC, headquartered in Marlow, UK, supplies antennas and radios for aerospace and is expected to generate $225 million in revenue in 2020.
Aspen Surgical Products, Inc. acquired Protek Medical Products Inc., a manufacturer of single-use ultrasonic probe covers and needle guides based in Coralville, Iowa. The acquisition strengthens Aspen's portfolio of patient and staff safety products.
Husqvarna Group's Construction Division has signed an agreement to acquire Blastrac, a provider of surface preparation technologies, with net sales of approximately SEK 600 million and 380 employees globally. The acquisition is expected to close by the end of 2020, subject to regulatory approval.
INEOS Olefins and Polymers USA agreed to acquire Sasol Chemicals North America LLC's 50% equity stake in Gemini HDPE LLC for $404 million, making INEOS the sole owner of the plant in La Porte, Texas. The acquisition is expected to close on December 31, 2020.
Sweden's SSAB has made a bid for Tata Steel's IJmuiden integrated steelworks in the Netherlands, including its packaging steels business. An analyst views the bid as fitting SSAB's focus on added-value sectors.
NEPEAN Conveyors Pty Ltd finalized the acquisition of Sandvik's International Conveyor Components businesses and Sandvik's Specialist Conveyor Systems business in Hollola, Finland.
Kälte Eckert GmbH, a portfolio company of VR Equitypartner, acquired SOS Kältetechnik GmbH, a specialist in refrigeration, air conditioning and heat pump technology.
De'Longhi has reached a definitive agreement to acquire Capital Brands Holdings Inc., owner of the Nutribullet and Magic Bullet brands, from affiliates of Centre Lane Partners. Capital Brands forecasts net revenues of approximately $290 million for 2020.
Investment company Egeria acquired a majority stake in APOC Aviation, a specialist in reusable aircraft parts trading, by purchasing Antea's 30% stake and shares from other shareholders.
VINCI Energies UK & RoI acquired Eltek Systems Ltd, a system integrator and control panel manufacturer specializing in automation and process control for the food sector, based in Oundle, Northamptonshire.