APACE Holding Company has acquired the emissions business unit of APC Automotive Technologies, including AP Emissions Technologies.
iNRCORE, backed by The Jordan Company, has acquired Bicron Electronics Company, a provider of corona-free transformers, solenoids, and current sensing transformers. Bicron will operate as a wholly owned subsidiary.
Toyo Ink SC Holdings Co., Ltd. plans to merge its wholly-owned subsidiaries Toyochem Co., Ltd. and Toyo ADL Corporation to reorganize its polymers and coatings related business. The merger is expected to take effect on January 1, 2021, with Toyochem as the surviving company.
Mondi Paper Bags acquired two paper bag production lines from Helwan Cement Company and InterCement Sacs in Egypt, increasing capacity by 60-80 million bags annually, and signed exclusive long-term supply agreements with both cement producers.
Saint-Gobain acquired Strikolith, a Netherlands-based producer of external insulation systems and interior finishings, with 2019 sales of about $23.7 million and 50 employees at one production site.
Vital Thin Film Materials, a unit of Vital Materials, entered a definitive agreement to acquire the ceramic target business division of Samsung Corning Advanced Glass, LLC, headquartered in Gumi, South Korea, on September 14, 2020.
Fiat Chrysler Automobiles and Groupe PSA amended their combination agreement on September 14, 2020, adjusting the special dividend to EUR 2.9 billion and increasing PSA's stake in Faurecia to strengthen Stellantis' capital structure.
Groupe Dufour acquired Groupe Merdrignac, a French family-owned group specializing in handling, lifting, and industrial transfer, with over 60 employees and €8 million in revenue, to strengthen its presence in western France.
Burckhardt Compression signed a memorandum of understanding to buy the remaining 40% of Chinese compressor maker Shenyang Yuanda Compressor, which it has partly owned since 2016. It plans to exercise the call option in November 2020 and finance the deal with a Swiss bond.
NVIDIA and SoftBank Group announced a definitive agreement for NVIDIA to acquire Arm Limited from SoftBank and the SoftBank Vision Fund in a transaction valued at $40 billion. The deal is expected to be immediately accretive to NVIDIA's non-GAAP gross margin and EPS.
Nobo Automotive, a wholly owned subsidiary of Great Wall Motor, acquired 100% of Motus Headliner GmbH, a German automotive parts supplier, for EUR 16 million. The acquisition was completed on September 11, 2020.
Days Corp., parent company of Equalizer Systems, has agreed to sell its Days Machinery Movers business unit, including all associated personnel and equipment, to Barnhart Crane and Rigging Co. of Memphis, Tenn.
Aecc Aviation Power Co., Ltd completed the acquisition of 31.23% stake in China Hangfa Shenyang Liming Airline Engine Co., Ltd., 29.14% stake in AECC Guizhou Liyang Aviation Power Co., Ltd., and 13.26% stake in China Hangfa South Aviation Industry Co., Ltd. for CNY 9.8 billion via share issuance.
Valmet Oyj has entered into an agreement to acquire PMP Group in Poland for an enterprise value of approximately EUR 64 million plus a conditional earn-out. PMP supplies process technologies and services for tissue, board and paper machines.
capiton AG, together with co-investors, acquired all shares of Cedes AG, a Swiss sensor technology company for elevator and access solutions, from Assa Abloy. The deal value was not disclosed.
Monocle Acquisition Corporation and AerSale Corp. announced a revised merger agreement with an enterprise value of approximately $300 million. The combined company will be named AerSale Corporation and is expected to close in Q4 2020.
Inter RAO UES has become the controlling shareholder of Russian Gas Turbines LLC by acquiring additional shares in the Dutch holding company Rus Gas Turbines Holdings B.V., increasing its stake from 50% to a controlling interest. Russian Gas Turbines manufactures gas turbine units in Rybinsk.
Kodiak Building Partners has signed a definitive agreement to acquire Carpenter Contractors of America (CCA), headquartered in Pompano Beach, Florida. The transaction is expected to close in October 2020, and CCA's existing management team will continue to run the company.
HLD Europe signed a contract on September 10, 2020, to acquire a 55.56% stake in Microwave Vision Group (MVG) from its reference shareholder EXIMIUM and others at €26 per share. The transaction is subject to regulatory approvals and is expected to close by the end of 2020, followed by a mandatory simplified tender offer.
Antin Infrastructure Partners has signed an agreement to acquire a majority interest in Miya Group, a global water efficiency operator, from Bridgepoint. Miya serves over 600,000 people in Portugal and has delivered over 200 water efficiency projects globally.
Beijing WKW Automotive Parts Co., Ltd. and two strategic partners completed the acquisition of a 50% stake in Marlok Automotive GmbH for €0.7 million on September 10, 2020.
Caterpillar signed an agreement to acquire the Oil & Gas division of Scotland-based Weir Group for $405 million in cash, pending shareholder and regulatory approval. The division is headquartered in Fort Worth, Texas.
Mauser Packaging Solutions, through its joint venture NCG-Maider, acquired Italian reconditioning firm EuroVeneta Fusti (EVF), expanding its IBC and plastic packaging services in Italy, as announced September 10, 2020.
The Arcticom Group (TAG) has acquired MSR Mechanical, a California-based industrial refrigeration and HVAC installation and services company. Financial terms were not disclosed.
Mexican steelmaker AHMSA and Grupo Villacero have extended the deadline to decide on a non-binding merger or acquisition agreement by 90 days. The deal, potentially worth $300-350 million, would consolidate their steel processing and producing capacities.
Etteplan, an engineering services company, acquired Tegema, a Dutch production system integrator specializing in precision mechanics and mechatronics for semiconductors, electronics, mobility, photonics and medical sectors. The purchase price was not disclosed.
BayWa r.e. has acquired Enable Energy Inc., a U.S.-based commercial and industrial solar and energy storage solutions provider, to expand its presence in the Americas.
NearU HVAC Services has acquired Hagan Heating and Air, a heating and air conditioning company in Anderson, South Carolina, marking NearU's fourth acquisition in six months.
KCC Glass Corp. will merge with its subsidiary Korea Autoglass Corp., with shareholder meetings on Oct. 29 and completion by Dec. 1, 2020. The swap ratio is 1:0.4757.
Evoqua Water Technologies acquired privately held Aquapure Technologies, a water service and equipment company based in Hamilton, Ohio. Terms were not disclosed.
ILC Dover, Inc. acquired Solo Containment, Ltd., a UK-based manufacturer of flexible film isolators for pharmaceutical and biopharmaceutical manufacturing.
Virtus Industries Inc., a subsidiary of STP Holdco Inc., acquired Arzon Limited, a manufacturer of brass and aluminum thin-wall welded tubes.
Continental and aft Automotive signed an agreement to form a 50/50 joint venture to produce high-performance plastic assembly lines for future mobility. The JV is expected to create over 30 jobs by 2025 and is subject to antitrust approval.
Mpac Group acquired Switchback Group, a US maker of packaging equipment such as cartoners, case packers and labeling machines, for $15.36 million on September 9, 2020.
Atar Capital has completed the acquisition of WinCup, a Georgia-headquartered maker of foodservice packaging, from funds managed by BlackRock. WinCup operates eight manufacturing facilities and employs nearly 1,000 people; financial terms were not disclosed.
Russian investment fund Trust Union Fund acquired South Bohemian machine tool manufacturer Kovosvit MAS from Industry Innovation. The new owner also brought a €15 million contract for the supply of 60 machining centres over the next two years.
Maxim Crane Works entered an agreement to acquire B&G Crane, a subsidiary of NCSG Crane & Heavy Haul Services, a provider of rental and lifting solutions in the US Gulf Coast region.
C.F. Stinson has acquired Anzea, a contract fabric company specializing in performance-driven textiles for commercial markets. Terms of the transaction were not disclosed.
Investment group Investindustrial has acquired a 73.5% majority stake in Della Toffola, a packaging and processing machinery manufacturer. The Della Toffola brothers will retain a 26.5% minority stake.
INTERTEC, an industrial enclosures specialist, has acquired Thermotex Engineering, a UK manufacturer of soft insulation jackets for industrial processing equipment. Thermotex will merge with INTERTEC's UK subsidiary to form INTERTEC Thermotex Ltd.
Marelli and Highly International signed an agreement to create Highly Marelli Holdings, a joint venture focused on electrified compressors and HVAC, with legal closing planned for early January 2021.
Bila Group, Denmark's largest automation solutions company, acquired all shares of Reo-Pack in Mariager, a stretch-wrapping machine manufacturer with 50 employees, after the founder's generational handover.
IA Bell, holding 39% of Bell Equipment, made a tentative offer to purchase John Deere's 31.4% stake in Bell Equipment, potentially leading to a delisting.
SIF Banat-Crisana acquired Doosan IMGB, a South-Korean-owned metallurgical company based in Bucharest, Romania. The terms of the transaction were not disclosed.
Danish wind technology company PolyTech acquired fos4X, a Munich-based innovator of fiber optic sensor technology and data analytics, to strengthen its blade technology expertise.
Delfingen has acquired Schlemmer's activities in Europe and Africa, including five factories in Germany, Romania, Russia, Morocco and Tunisia, with around EUR 100 million turnover and 1,000 employees.
Highly Group will pay up to USD203 million to purchase a 60% stake in a special purpose vehicle holding Marelli Holdings' global automotive air conditioning business assets.
I A Bell and Company signed a formal binding agreement to acquire an additional 31.4% minority stake in Bell Equipment Limited from John Deere Construction & Forestry Company for approximately ZAR 300 million.
SLPT Automotive announced the acquisition of BorgWarner's water pump business and operations in Ningbo, China, which will become a new division within the SLPT Automotive Group.
Erickson Inc. and Bell Textron Inc. signed agreements to transfer the type certificates for the Bell 214ST and B/B1 helicopters to Erickson Incorporated. The transfer will be processed through the FAA and is expected to be completed near the end of 2020.