Deutsche Beteiligungs AG, through DBAG Fund VIII, is acquiring a majority stake in congatec Holding AG, a provider of embedded computing products, via a management buyout. DBAG will co-invest about EUR23 million for a 20% stake. Closing is expected in Q4 2020.
Saudi Electrical Industries announced its board decided to enter negotiations with the judicial liquidator in Belgium to purchase assets of CG Power Belgium (in liquidation), including machinery, equipment, inventory, design software, and intellectual property rights. It also plans to establish a limited liability company in Belgium to transfer the assets if the deal is completed.
Shenzhen Yitoa Intelligent Control Corp announced that its acquisition of 100% of Pioneer Micro Technology Corp from Pioneer Corp for 3 billion yen ($28.3 million) has been approved by the Japanese government. Pioneer Micro produces microchips and lithography machines.
Northern Heavy Industries (Northern Shares) announced it will buy a 0.1% stake in joint venture Northern Mining from Bucyrus Mining China LLC for about 157,800 yuan, increasing its ownership to 50.1% and gaining control. The remaining 49.9% will be sold to Beijing Baolizhixing Technology.
Sulzer Ltd agreed to acquire Swiss-German drug delivery device developer and manufacturer Haselmeier for an enterprise value of EUR 100 million, to complement its Applicator Systems business.
Captona formed a joint venture, Catamaran Renewables, with South Jersey Industries and announced the acquisition of a 7.5 MW fuel cell portfolio in New York.
AVEVA agreed to acquire OSIsoft, a provider of real-time industrial data software, for $5.0 billion. The combination aims to join AVEVA's industrial software portfolio with OSIsoft's PI System.
Bunzl agreed to acquire Abco Kovex, a Dublin-based distributor of flexible packaging with UK operations and 2019 revenue of EUR 23 million. Completion is subject to clearance by the Irish competition authority.
Bunzl agreed to acquire MCR Safety, a US distributor of largely own-brand personal protection equipment and safety products, in a deal expected to complete at the end of August 2020. Aggregate revenue of the businesses being acquired in 2019 was US$248 million.
Loma Negra sold its 51% stake in Paraguayan cement company Yguazú Cementos to a buyer linked to the local shareholder. The transaction was announced on August 21, 2020, and proceeds will be used to repay debt.
Air Power, a distributor of industrial products based in High Point, North Carolina, has acquired Zenmar Power Tool and Hoist Systems of Cockeysville, Maryland. The acquisition expands Air Power's geographic footprint in the Mid-Atlantic region.
Baowu Steel will take over stainless steel maker Taiyuan Iron & Steel Group (TISCO) by acquiring a 51% stake, as reported by Reuters.
Adient closed the sale of its 30% ownership stake in Yanfeng Global Automotive Interior Systems (YFAI) to joint venture partner Yanfeng Automotive Trim Systems for US$309 million in cash, plus up to US$60 million deferred. The term of the YFAS joint venture was extended to 2038.
China Baowu Steel Group agreed to take a 51% stake in Taiyuan Iron & Steel (TISCO) from Shanxi State-owned Capital Operation Co Ltd. The stake is valued at 14.5 billion yuan ($2.10 billion) but Baowu will not pay for it in a state-backed restructuring.
Nippon Paint Holdings struck a 1.29 trillion yen ($16.7 billion) deal with Wuthelam Holdings, which will take a majority stake in Nippon Paint. Nippon Paint will use the funds to buy out their joint ventures in several Asian countries and take over Wuthelam's Indonesia business for about $2 billion.
Cerberus Capital Management agreed to acquire Westpac Group's Strategic Alliances (Vendor Finance) business, which will be combined with Cerberus portfolio company Angle Finance. The transaction involves about AUD 500 million in customer loans.
Zoomlion Heavy Industry (01157) announced plans to absorb its wholly-owned subsidiary Anhui Zoomlion Earthmoving Machinery Co., Ltd. to optimize management structure. The subsidiary will be dissolved after the merger.
Huadian Fuxin Energy (00816) announced that the preconditions for its privatization via absorption merger by Fujian Huadian Furui have been met on 2020-08-21, including approvals from Chinese regulators.
Karl Mayer acquired Stoll on 26 February 2020, with the merger completed on 1 July 2020. As of 12 August 2020, two Karl Mayer companies were renamed to Karl Mayer Stoll Textilmaschinenfabrik GmbH and Karl Mayer Stoll R&D GmbH.
EuroChem consolidated 100% of shares in Fertilizantes Tocantins by acquiring the remaining 50%-1 share for approximately $230 million. The deal was announced on August 21, 2020.
Addtech Components, part of the Addtech Group, signed an agreement to acquire all outstanding shares of Fluidcontrol Oy, a Finnish developer of actuators and valve solutions with 20 employees and sales of about EUR 4 million. Closing is expected in early September 2020.
Ingersoll Rand's Industrial segment completed its previously announced merger with Gardner Denver Holdings, creating a global leader in mission-critical flow creation and industrial technologies. The combined company will operate as four reportable segments.
Suncore, a subsidiary of Clyde Companies, finalized the asset acquisition of Depatco, Inc., a construction company in Idaho Falls, to expand its geographic footprint and product offering in Eastern Idaho.
Chinese group TICA, through its Italian subsidiary Tica-Exergy Srl, has acquired the operating business of Sebigas srl, a biogas plant design and construction company, for a total of €840,168 in a court auction. Sebigas will be based in Olgiate Olona.
Bosch plans to sell its packaging machinery business, Bosch Packaging Technology, based in Waiblingen, to a newly incorporated entity managed by CVC Capital Partners. The Pharma and Food units will remain intact.
Mollenhour Gross has acquired ADPma, an aerospace OEM and PMA aftermarket parts and components company based in Tennessee.
The Competition Commission of India approved Siemens Limited's proposed acquisition of 100% share capital of C&S Electric Limited, which produces low-voltage switchgear components, panels, power bus bars, protection and metering devices.
Konzmann Kältetechnik, part of the Konzmann Group, acquired all shares in Trenker GmbH, a specialist in refrigeration, air conditioning, ventilation and heat pump systems based in Garching near Munich.
GMM Pfaudler Limited signed agreements to acquire a 54% stake in the global business of the GMM Pfaudler Group from DBAG for about USD 27.4 million. The Patel family will acquire an additional 26%, making GMM the ultimate holding company and creating a world leader in corrosion-resistance technologies.
Sunrise Medical acquired James Leckey Design and its subsidiaries Firefly Friends and Vida Global, expanding its pediatric mobility product portfolio. The deal strengthens Sunrise Medical's presence in North America, UK, and Germany.
Serva Group announced the acquisition of ValTek Industries, a Permian-based maker of hydraulic fracturing pumps and pump parts with facilities in Odessa, Texas.
Sensata Technologies acquired PRECO Electronics, a vehicle safety technology company, to extend its capabilities in collision avoidance systems for heavy-duty vehicle markets.
Parker Block, a masonry block manufacturer, acquired Concrete Building Systems, a precast concrete manufacturing company in Delmar, Delaware. Terms were not disclosed.
GFG Alliance's Liberty House Group was approved to acquire the Hayange rail mill in Moselle and the Ascoval steel plant in Saint-Saulve, France, integrating them as a combined business.
Digital Diagnostics acquired 3Derm, a teledermatology system developer.
Wrench Group acquired Easy A/C in Tampa, Florida, and Service Champions North in California, expanding its HVAC service footprint.
Rakuten Medical acquired Medlight SA, a company that produces catheters and diffusers for optical light delivery.
Liberty Steel Group acquired Adhunik Metaliks (AML) in March 2020 for Rs 500 crore. The company plans to double the Odisha plant's capacity to 1 million tonnes and restart production from September 2020.
FATHOM, a CORE portfolio company, acquired GPI Prototype & Manufacturing Services, a metal additive manufacturing services provider. The acquisition was announced on August 20, 2020.
Veolia has signed an agreement to acquire Suez RV OSIS, a subsidiary of Suez Group specializing in sanitation network maintenance and industrial services, for an expected EUR 298 million.
Polytronics (聚鼎) announced it will acquire Henkel's TCLAD (metal substrate and circuit board) business for $26 million through its subsidiary Juye (聚燁). The acquisition is expected to close in Q4 2020 or Q1 2021.
Canoo Holdings Ltd. and Hennessy Capital Acquisition Corp. IV announced a definitive merger agreement. The transaction will provide approximately $600 million in gross proceeds and Canoo will list on Nasdaq under ticker CNOO.
Paramount Aerospace Industries (PAI) acquired the Aerospace Development Corporation (ADC) and its subsidiaries through the business rescue process. PAI has ramped up manufacturing of the AHRLAC aircraft at the Wonderboom Airport factory.
HEICO Corporation acquired Connect Tech Inc., a leader in embedded computing and NVIDIA GPU solutions based in Guelph, Ontario. Connect Tech will operate as a subsidiary of HEICO.
Parts Warehouse Inc. merged with Tri-States, expanding its footprint to nine states.
BASF and DIC have reached an agreement for DIC to acquire BASF's global pigments business for €1.15 billion. The transaction is expected to close in Q4 2020.
Sandvik Mining and Rock Technology has signed an agreement to acquire Allied Construction Products LLC, a U.S. distributor of hydraulic hammers and manufacturer of compactor plates and mounting brackets. The transaction is expected to close during Q3 2020.
GEF Capital Partners acquired a controlling interest in EnviroMix, a provider of water and wastewater mixing and process control technologies. The transaction was announced on August 17, 2020.
Rusmar Inc., a manufacturer of chemical products for landfill and remediation markets, has acquired NCM Odor Control, Inc., a provider of odor neutralizers and perimeter control systems. NCM will become part of Rusmar's solution offering.
AMAG Austria Metall AG is acquiring a 70% share of the German Aircraft Philipp Group (ACP), an expert in mechanical machining of aluminum and titanium for aerospace. The transaction is expected to close in late autumn 2020.