Rolls-Royce acquired Belgian company Kinolt, a specialist in dynamic uninterruptible power supply systems, effective July 1, 2020. Kinolt employs around 290 people and has production facilities in Liège, Belgium and Willich, Germany.
Curtis Engine & Equipment Co., Inc. and Western Branch Diesel LLC's Power Generation Division have closed a merger to form Curtis Power Solutions, LLC. The new company will combine their power generation equipment and service capabilities.
H2O Innovation Inc. acquired Gulf Utility Service, Inc. for $2.8 million on July 1, 2020. The consideration includes $1.875 million paid at closing and up to $0.875 million subject to revenue targets. Gulf Utility Service reported $6.8 million in revenues and $0.7 million EBITDA in 2019.
AMI RockChain, creator of the RockChain digital platform for aggregates, acquired Edmonton-based TerraShift Engineering to expand its capabilities in resource data and search intelligence.
UAS Drone Corp. completed its acquisition of Duke Robotics, making it a wholly-owned subsidiary. Duke Robotics shareholders received shares equal to 71% of the post-transaction capitalization of UAS Drone Corp.
SMS group acquired all shares of Viridis Energy Solutions and shares of Vetta Technologies, merging them into a Center of Competence for industrial digitalization in Belo Horizonte, Brazil. The new entity will operate under the name Vetta alongside SMS digital.
GE Aviation completed the $4.3 billion acquisition of the aviation business of Avio S.p.A., which has been renamed Avio Aero, a GE Aviation business. Avio Aero will retain its headquarters in Turin, Italy.
PolyOne Corp. has completed the acquisition of Clariant's color masterbatches business (including Clariant Chemicals India) for a net purchase price of $1.44 billion, and simultaneously renamed the company to Avient.
Barry Callebaut has finalized the acquisition of GKC Foods, an Australian chocolate producer specializing in fillings and coatings, serving chocolate brands in Australia and New Zealand.
Premier Tech's Water and Environment business group acquired Eparco, a French company specializing in compact wastewater treatment for individual homes. The acquisition adds about 40 experts and strengthens Premier Tech's presence in France.
Sterling GP, a UK manufacturer of plant bodies and trailers, acquired the brand, design rights and some assets of the Hymix concrete mixer range. The acquisition will create at least 30 new skilled jobs and expand factory space at its Stokesley site.
Hengst Filtration has signed an agreement to acquire the hydraulic filtration business of Bosch Rexroth AG.
Cline Tool has acquired Davis Tool.
Sandvik Mining and Rock Technology has signed an agreement to acquire Allied Construction Products LLC, a US distributor of hydraulic hammers and manufacturer of compactor plates and mounting brackets. The transaction is expected to close during Q3 2020.
In July 2020 SÜDPACK entered a joint venture with India-based Kamakshi Flexiprints to develop a new flexible packaging facility near Ahmedabad. The plant will serve barrier, aesthetics and convenience packaging needs.
LISI Group announced the signing of an agreement to acquire the remaining 49% equity of TERMAX LLC, making it the sole owner as of July 1, 2020. TERMAX LLC will continue to operate under its brand as part of LISI AUTOMOTIVE.
Hitachi, Ltd. completed the acquisition of an 80.1% stake in the Power Grids business of ABB Ltd. for approximately $6.4 billion (enterprise value $11 billion). The business will become a Hitachi subsidiary headquartered in Switzerland.
Stryker Corp. announced its planned $4 billion purchase of Wright Medical Group. The UK competition watchdog expressed concerns about the deal's impact on the ankle replacement market.
Jindal Steel and Power Ltd (JSPL) accepted a binding offer from Templar Investments Limited to divest its entire stake in its Oman asset Jindal Shadeed Iron and Steel Co LLC for an enterprise value of over $1 billion.
Power Test Inc., a leader in dynamometers, acquired Taylor Dynamometer Inc., a designer and manufacturer of engine, chassis, and towing dynamometers, in June 2020.
Ensto acquired the Finnish privately owned Arcteq Relays Oy, which specializes in protection relays and arc flash protection systems, in 2021.
Ensto acquired the Swedish privately-owned Protrol AB, which specializes in electric power and automation technologies, in December 2021.
Ensto acquired the Austrian company Röhrbacher Technik GmbH, which specializes in trading electrotechnical products, in June 2021.
Ensto acquired the entire share capital of Renley Ltd, an Irish manufacturer of low and medium voltage products, in December 2020.
GE Aviation acquired the assets of Morris Technologies in Sharonville and Rapid Quality Manufacturing in West Chester Township, Ohio, to expand engineering and manufacturing capabilities for jet engine production. Terms were undisclosed.
NetObjex, a Digital Twin Platform company, acquired VitalGrid of Toronto, Canada, to expand its digital transformation product and service offerings. Terms were undisclosed.
AES Corporation agreed to sell its 100% equity interest in the 295 MW Itabo power plant in San Cristobal, Dominican Republic to Grupo Linda for net equity proceeds of approximately $101 million. The transaction is expected to close in Q4 2020.
Quantel Medical, via Lumibird Medical, has completed its acquisition of Ellex, including its laser and ultrasound technology solutions, R&D and production site in Adelaide, and subsidiaries in Australia, Japan, the US, France, and Germany.
Matholding Group acquired a majority stake in A.R.I. Optimal Flow Solutions, a developer and manufacturer of water supply products. The terms of the transaction were not disclosed.
Mutares signed an agreement to acquire Nexans Metallurgie Deutschland GmbH (NMD) from Nexans, with manufacturing locations in Bramsche and Neunburg, Germany, including approximately 250 employees.
POET Technologies and Xiamen Sanan Integrated Circuit Co. Ltd. signed a Letter of Intent to establish a joint venture to manufacture optical engines based on POET's Optical Interposer platform. The JV will be formed with contributions of US$50 million.
Parent companies of Cattron and LOFA Industries, both Harbour Group companies, merged to form Control Solutions, a control systems platform for engine and pump management. Terms were not disclosed.
Benjamin Steel Co. acquired the Structural Steel Division of Byer Steel Group, forming a new company called Frederick Steel to deal in carbon steel products. The sale price was not disclosed.
Metso Minerals completed its reverse merger acquisition of Outotec, forming Metso Outotec. Metso shareholders received 4.3 Outotec shares per Metso share, owning approximately 78% of the combined company. Metso Corporation was renamed Neles Corporation.
T&T Manufacturing, a subsidiary of C. G. Bretting Manufacturing, acquired certain assets of T&T Tool of Spooner, Wisconsin. The employees of T&T were hired and operations will continue at the Spooner facility.
Potomac Testing, a TechPro Power Group company, has acquired Electrical Maintenance & Testing Inc. (EMT), a NETA accredited electrical testing firm based in Carmel, Indiana.
AAR Corp has entered into a definitive agreement to divest its aerospace composite manufacturing business to an affiliate of Architect Equity. The business employs about 150 people at facilities in Clearwater, Florida and Sacramento, California.
Galaxy Semiconductor has signed a definitive agreement to acquire substantially all of the assets of the Quantix Business from Mentor Graphics, a Siemens-owned business. The terms were not disclosed. Announced on 29 June 2020.
Italian companies Sadas Group and Sei Sistemi have announced a plan to merge into a new organization called Alsiter – The automation mover, aiming to become a reference player in industrial automation and electrification. The merger will be finalized in the second half of 2020. Announced on 29 June 2020.
FAAC has acquired parts of ASSA ABLOY's APD and HSD business in Europe for EUR 100 million, with approximately EUR 93 million in sales and 600 employees. The acquisition was announced on 29 June 2020.
Tosca, a reusable packaging provider, has agreed to acquire Contraload NV, a plastic pallet pooling leader in the UK and EU, expanding its geographic reach and product portfolio. The announcement was made on June 29, 2020. Terms were not disclosed.
INEOS announced its intention to acquire BP's global Aromatics and Acetyls business for a consideration of $5 billion. The business includes 15 sites worldwide and 10 joint ventures, extending INEOS's position in global petrochemicals.
TCL Electronics (01070) announced it will acquire TCL Communication (100% stake) from its controlling shareholder TCL Industries for an undisclosed amount, and simultaneously sell its subsidiary Moka International (100% stake) to TCL Industries. The transactions aim to restructure the business, focusing on TCL-branded products and mobile communications.
Martin Marietta Materials will acquire the bulk of Lehigh Hanson West Region operations in Arizona, California, Nevada and Oregon for $2.3 billion in cash.
Shareholders of Delphi Technologies approved BorgWarner's all-stock acquisition of Delphi at a special meeting on June 25, 2020. The deal, announced in January 2020, values Delphi at about $3.3 billion and is expected to close in the second half of 2020.
Bridgestone has acquired iTrack Solutions, a provider of tyre management solutions for the off-the-road market, from UK-based Transense Technologies Plc. The acquisition price was not disclosed.
Heating and cooling rental specialist Cross Rental Services has acquired UK-based HVAC rental firm Acclimatise for an undisclosed value. The acquisition adds a 4,200m2 depot in Stoke-on-Trent and expands Cross Rental Services' UK and Irish rental business.
Commercial Vehicle Components LLC has entered into an agreement to repurchase STEMCO's disc brake manufacturing facility and the Lunar disc brake product line. The acquisition is subject to regulatory approval in China and is expected to close in 4-6 weeks.
Adani Transmission Ltd signed a Share Purchase Agreement to acquire Kharghar Vikhroli Transmission Private Limited from Maharashtra State Electricity Transmission Company Ltd, to build a transmission project in Maharashtra, India.
TouchPoint, a manufacturer of ecological workwear, acquired Domino Workwear, a Tampere-based company with a larger turnover than TouchPoint. The acquisition was funded partly with Finnvera's Growth Loan.