Atlas Copco received all regulatory approvals, including CFIUS, for its public tender offer to acquire ISRA VISION AG. The settlement is expected on June 24, 2020, with Atlas Copco holding 92.19% of shares at EUR 50.00 per share.
Omnipol, in a joint venture with Andras Tombor, acquired Aero Vodochody Aerospace from Penta Investments. Tombor holds 51% and Omnipol 49% of the joint venture, which will manage the Czech aircraft manufacturer.
Mitsubishi Electric Corporation will acquire buildings and land from Sharp Fukuyama Semiconductor Co., Ltd. in Fukuyama, Hiroshima Prefecture, Japan, to establish a new site for power semiconductor wafer processing. Production is scheduled to start in November 2021.
Johnson Controls acquired three companies in the UK and Ireland between May 2019 and March 2020: East Lancashire Refrigeration (May 2019), H&C Contracts (end of 2019), and McDowall Air Conditioning (March 2020), to expand its HVACR expertise and regional operations.
Swedish industrial group Teqnion signed an agreement to acquire Injab Kraft Teknik for 26.2 million Swedish kronor. The acquisition is expected to have a slightly positive effect on Teqnion's full-year results for 2020.
Lumibird received clearance from the Australian Competition and Consumer Commission to acquire Ellex's laser and ultrasound business, with completion expected by June 30, 2020.
Beyond Meat acquired its first manufacturing facility in Europe, located in Enschede, Netherlands. The facility is expected to be operational by the end of 2020.
DSP Group, Inc. acquired privately owned SoundChip SA, a supplier of active noise cancellation (ANC) technology for headsets. The acquisition combines SoundChip's hybrid ANC with DSP Group's voice processing platform for wireless and TWS headsets.
Indorama Ventures, through its indirect subsidiary, acquired 100% equity stake in AG Resinas Ltda., a PET recycling facility in Juiz de Fora, Brazil, with a capacity of about 9,000 tonnes/annum.
AT Systematization Bhd signed a Letter of Intent to acquire Pearl Glove (Malaysia) Sdn Bhd, which has a contract to produce around 500 million gloves in the next year. The deal is valued at about RM100 million.
ZF Friedrichshafen is planning to divest its 49% stake in Brakes India, its joint venture with TVS Group, to comply with antitrust laws for its merger with Wabco Holdings. A formal divestment exercise is expected to launch soon.
Menarini Group completed the acquisition of Stemline Therapeutics, a US-based biopharmaceutical company.
Jofo is reportedly in talks to acquire a 70% stake in Saudi nonwovens producer SAAF.
Arkema has completed the sale of its Functional Polyolefins business to SK Global Chemical. The business had sales of about €250 million/year and 130 employees.
Synopsys, Inc. acquired Qualtera SAS on June 10, 2020. The acquisition was completed on the same date.
Kion Group, parent company of Dematic, completed the acquisition of UK-based software company Digital Applications International for about €120 million, its largest investment since acquiring Dematic in 2016.
Culligan has completed its acquisition of AquaVenture Holdings Ltd and sold the Seven Seas Water operating segment to Morgan Stanley Infrastructure Partners. Culligan retains AquaVenture's Quench segment.
Junttan Oy has acquired Canadian Pile Driving Equipment Inc., its authorized distributor in Canada since 2007, based in Lacombe, Alberta, to strengthen its position in North America.
Fassi Group has acquired 100% of Fascan International, a distributor of lifting solutions under the Fassi and Jekko brands in the United States, to strengthen its presence in the US market.
Brynwood Partners, through its portfolio company Buitoni Food Company, has agreed to acquire the North American Buitoni business from Nestlé USA. The deal includes a 240,000 sq ft manufacturing facility in Danville, Virginia, and about 525 employees.
LJM Victoria, an Australian co-packer, has acquired Victoria-based OZ Connect Traders (OCT), a primary food packer. OCT will relocate its Carrum Downs operation to LJM's Dandenong South facility, and all staff will be retained.
Takween Advanced Industries signed a non-binding MoU with China's Jofo Nonwovens to sell a 70% stake in its subsidiary Advanced Fabrics Factory. The fair value of the entire subsidiary is set at SAR 307.5 million.
Sulzer has acquired a 25% stake in Tamturbo Plc, a Finnish maker of oil-free industrial air compressor systems. The two companies had a sales and supply agreement since 2018.
Indonesia's Indofood CBP Sukses Makmur plans to buy instant noodle maker Pinehill for $3.0 billion to expand into Africa and the Middle East, with shareholders voting on July 15.
Blue Sail Medical completed the acquisition of 100% equity in NVT AG, a Swiss interventional aortic valve company, for RMB 1.39 billion. The closing date was June 8, 2020.
Consolidated Glass Holdings (CGH) and its affiliates have been acquired by new owners, including the CGH senior management team and minority investor Czech Asset Management. CGH was previously owned by Grey Mountain Partners.
C.J. Foods and American Nutrition have merged to create Alphia, a new super premium pet food and treat co-manufacturing business. The merger was completed in March 2020 and announced on June 8, 2020.
CAI Software, LLC acquired Robocom Corporation, a developer of supply chain and warehouse management system software. The acquisition adds Robocom's WMS solutions to CAI's ERP and MES portfolio.
The European Commission has approved the acquisition of joint control of Heideasphalt by Deutsche Asphalt and KEMNA BAU. Heideasphalt will operate an asphalt mixing plant in Wittingen, Germany.
Sika has acquired Modern Waterproofing Group, a leading manufacturer of roofing and waterproofing systems in Egypt. The acquired business generates annual sales of CHF 26 million and is based in Cairo with a production facility in Badr City.
Materion Corporation has entered into a definitive agreement to acquire Optics Balzers AG, a leader in thin film optical coatings. The transaction values Optics Balzers at 12x trailing EBITDA and is expected to close in Q3 2020.
Megger, a global electrical test equipment expert, has acquired Power Diagnostix of Aachen, Germany, a leader in high voltage diagnostic equipment and services. The acquisition enhances Megger's capabilities in Partial Discharge testing.
ACWA Power signed a share purchase agreement to acquire 4.99% of Samsung C&T's shares in Hajr Electricity Production Company (HEPC), the project company for the Qurayyah Independent Power Plant in Saudi Arabia, increasing ACWA Power's stake from 17.5% to 22.49%.
Sika Egypt For Construction Chemicals S.A.E completed the acquisition of Modern Waterproofing Company S.A.E. for approximately EGP 470 million on a cash-free and debt-free basis.
Machinery, part of the Yleiselektroniikka Group, signed an agreement to acquire the entire share capital of Muottikolmio Oy, a Finnish construction industry service company, for approximately EUR 4 million in goodwill. The acquisition strengthens Machinery's product and service range for the construction industry.
China Oriental Group announced that its subsidiary Jinxi Steel will acquire a 15% stake in Huitong, a power transmission equipment company, for RMB 639 million. After the acquisition, Jinxi Steel will hold about 30% of Huitong's shares and become the largest single shareholder.
Hungarian building materials maker Masterplast established a joint venture, Masterplast Nonwoven, to acquire a plant of German peer LHB in Aschersleben. Masterplast owns 50% of the JV with exclusive management rights, and the JV will start operation on July 1, 2020.
Koyo Canada, a subsidiary of JTEKT, acquired the assets of a Halifax, Nova Scotia R&D facility previously owned by KSR International. The acquisition strengthens JTEKT's global ECU development capabilities for steering and driveline products.
h2e Power, through its German subsidiary mPower GmbH, acquired Swiss fuel cell specialist Hexis AG from the Viessmann Group. The deal amount was not disclosed. Plans include building large manufacturing capacity in Pune.
SMW Group and BAE Engineering announced a merger to create a new parent company, SMW Group Limited, which will be listed on the NZX Market in New Zealand.
TCL Electronics Holdings will spend up to $409 million to double its stake in Brazil-based joint venture SEMP TCL to 80% via subsidiary TCL NL. The move is driven by the market potential for selling competitively priced TVs in Brazil.
Atlas Copco acquired Ovity Air Comprime, a distributor of industrial air compressors based in Le Mans, France, with 8 employees. The purchase price was not disclosed. The announcement is dated June 5, 2020.
INX International Ink Co. finalized its acquisition of RUCO Druckfarben, a printing ink manufacturer in Eppstein, Germany.
GB Steel Group announced the acquisition of Machinefabriek Emmen, a Dutch machine builder specializing in bridges, locks, and recycling equipment. The acquisition adds 65 employees and strengthens GB Steel Group's capabilities in infrastructure and recycling.
Kinderhook Industries acquired The Original One Auto Parts LLC, a provider of recycled and refinished OEM auto parts based in Dallas, TX. Financial terms were not disclosed.
CM Aqua Technologies, a supplier of components for water treatment systems, was acquired by Nofitech Holding on June 4, 2020. Terms were not disclosed.
Windlab shareholders voted 99.6% in favor of a scheme of arrangement for a consortium of Squadron Energy and Federation Asset Management to purchase all outstanding shares for A$68 million (A$1.00 per share). The acquisition is subject to court approval and expected to finalize by June 26, 2020.
Festi hf. has signed an agreement to acquire all shares in Íslenskri Orkumiðlun ehf. (ÍOM), an electricity retailer in Iceland. Festi already owned 15% and will pay ISK 722.5 million for the remaining 85%, valuing ÍOM at ISK 850 million. The acquisition will integrate ÍOM's operations under Festi's N1 fuel and energy brand.
The Wrench Group announced the acquisition of Donovan Heat and Air, Inc., expanding its footprint to northern Florida. Donovan will continue to operate under its existing brand with its co-owners leading the business.
Endries International acquired All-West Components & Fasteners Inc., a Seattle-based wholesaler of industrial fasteners and power tools founded in 1978.