Mutares signed an agreement on 8 May 2020 to acquire certain Cooper Standard sealing and rubber fluid transfer system operations in Poland, Italy, Spain and India, including about 2,500 employees, subject to antitrust approval.
China XD Plastics Company Limited received a non-binding proposal from a buyer group led by CEO Jie Han to acquire all outstanding shares for US$1.1 per share in cash, valuing the deal at approximately US$1.1 per share.
Iberdrola announced the €100 million acquisition of Aalto Power, a French developer with a 636MW onshore wind pipeline, to strengthen its presence in the French generation market.
Nammo has completed the acquisition of Chemring's Florida-based business for $17 million. The acquired business produces ordnance, pyrotechnic products, and munition components for the U.S. Department of Defense.
Creation Technologies, a portfolio company of Lindsay Goldberg, has acquired Applied Technical Services (ATS), an electronic manufacturing services provider based in Everett, Washington. The acquisition expands Creation's capabilities in aerospace, defense, medical, and tech industrial markets and adds locations in Everett, Washington and Hermosillo, Mexico.
iFoodDecisionSciences (iFoodDS) acquired Trimble's HarvestMark business. Financial terms were not disclosed.
XL-BYGG AB and Bolist AB have merged, creating a new group with over 300 stores under the ownership of Mestergruppen. The combined entity will have a total store turnover of over SEK 9 billion.
InSemiTech, a Bengaluru-based R&D and engineering services company, announced the acquisition of two engineering services companies: Ambit Semiconductors Pvt Ltd and Semtosys Pvt Ltd. The acquisitions aim to strengthen InSemiTech's technology expertise in semiconductor and embedded spaces.
Novelis Inc., a wholly-owned subsidiary of Hindalco Industries, completed the acquisition of Ohio-based Aleris for an enterprise value of $2.8 billion. The deal includes 13 plants across North America, Europe and Asia, with required divestitures of plants in Lewisport, Kentucky and Duffel, Belgium.
Mitsubishi Heavy Industries and Bombardier have agreed that all conditions are met for the acquisition of the Canadair Regional Jet (CRJ) Program, with closing set for June 1, 2020. The program will operate under MHI RJ Aviation Group.
New Jersey-based Total Ink Solutions and Champion Ink Company have signed a merger agreement, combining their ink and screen-print brand solutions. Champion Ink will continue as part of the Total Ink Solutions family.
NIBE Industrier AB has agreed to acquire 60% of VEÅ AB, a Swedish designer and manufacturer of steam and hot water boilers for industrial use, with the remaining stake to be acquired within four years. The acquisition strengthens NIBE's position in the Swedish commercial steam boiler market.
TAG Aero and Unique Airmotive Services have merged to form UAS Holdings Company, operating under the TAG Aero brand. The deal was finalized in late March 2020. Both companies specialize in APU aftermarket services for aviation.
Patiswiss will take over the production and packaging equipment for chocolate dragees from Gysi AG Chocolatier Suisse in July 2020 and start production in Gunzgen in August 2020. Gysi is closing at the end of June due to debt restructuring.
DIC Corporation acquired the liquid inks for packaging business from Liaoning Tianqi Technology Co., Ltd. on May 1, 2020. The acquired business will be renamed DIC Graphics (Shenyang) Ltd. and is expected to increase DIC's production capacity for liquid inks in China by around 20%.
Trane Technologies spun off its industrial business, which combined with Gardner Denver to form the new Ingersoll Rand in a deal valued at $15 billion; the transaction has been completed.
A consortium including H.I.G. Capital, Z Capital Group, and others agreed to acquire the core assets of Techniplas LLC. The deal was approved by the U.S. Bankruptcy Court for the District of Delaware on June 12, 2020.
French rail equipment company Alstom agreed to acquire the worldwide rail equipment business of Bombardier for about €6 billion, expected to close in the first half of 2021.
Safe Orthopaedics has entered exclusive negotiations to acquire LCI Medical, a medical device manufacturer with two production sites in France and Tunisia. The acquisition aims to create an integrated player in ready-to-use spinal surgery products.
AMERGINT Technology Holdings has acquired Tethers Unlimited, a leader in new space solutions for the small satellite market. Terms were not disclosed.
Voith Group successfully completed the acquisition of 90% of Toscotec, a manufacturer of machinery for tissue, paper, and board production. The deal was finalized after obtaining regulatory approvals.
The Arcticom Group (TAG) acquired RACE Engineering, a Southern California-based industrial refrigeration and HVAC company. Financial terms were not disclosed.
Puxing Clean Energy's indirect wholly-owned subsidiary Zhejiang Puxing Deneng Gas Power Generation acquired 100% of Quzhou Puxin Gas Turbine Thermal Power from Puxing Juliang for RMB 333 million, gaining a 230 MW gas-fired power plant with heating capacity.
CIMC Group announced the establishment of CIMC Carriers Holdings Co., Ltd., integrating multiple high-quality subsidiaries to focus on production, leasing, and intermodal services of unit-load logistics carriers such as pallets and containers. The new entity has a business scale of about 4 billion yuan.
Leidos completed the acquisition of L3Harris Technologies' airport security and automation business for $1 billion.
Spirax-Sarco Engineering agreed to acquire the Gestra division of Flowserve, a Bremen-based maker of steam and fluid control valves, for EUR 186 million on a cash-free, debt-free basis, with the purchase contract signed on 31 March 2017.
The Competition Commission of India approved the acquisition of 100% of Emami Cement Ltd by Nuvoco Vistas Corp Ltd (part of the Nirma group) for an enterprise value of ₹5,500 crore.
FOSELEV acquired BETKA, a company based in Gilly-sur-Isère, France, specializing in maintenance, lifting and handling. The announcement was made on May 5, 2020.
Ultraframe acquired the Global, Celsius and Stratus roofing products from Aperture Trading, including tools and equipment. The deal was announced on May 5, 2020.
Micross Components announced further progress in its strategic integration with Corfin Industries, combining their microelectronic component and modification services. The announcement was made on May 5, 2020.
Peloton, an oil and gas software provider, acquired ExproSoft, a supplier of well integrity and data modelling software based in Trondheim, Norway. The deal was announced on May 5, 2020.
Hopkins Manufacturing Corporation acquired the retail automotive splash guard product lines from NuVue Products Inc. and NuVue Products LTD., including brand names RoadSport, Big Mudder, ProFit, BadgeZ, RoadGuard and Defender Tow Guard.
Schäfer GmbH, part of the Schäfer Group, took over the business operations of VR-Construct, a German company specializing in machines and molds for plastic injection molding technology, effective May 1, 2020.
Wastequip signed a definitive agreement to acquire Consolidated Fabricators, a West Coast waste container manufacturer based in Van Nuys, California.
Liquid Environmental Solutions acquired the assets of Atlas Pumping Service, a provider of sewer, septic, grease trap and used cooking oil services in the San Diego area.
HOMAG Group agreed to acquire the remaining 75% of shares in HOMAG China Golden Field (HCGF), forming a unified organization with 750 employees in China. The merger is expected to be effective in autumn 2020, subject to regulatory approvals.
LIXIL Group has agreed to sell its Permasteelisa building facade business to Atlas Holdings; the deal value was not stated in the article.
Exel Industries acquired Intec GmbH, a maker of bonding and dosing equipment for automotive body assembly with about 120 staff in Erftstadt, Germany, from the insolvency administrator of Eisenmann SE. Closing was completed in February 2020.
Assemblin acquired Örestadskyl, a refrigeration, freezing and heat pump company with offices in Malmö and Löddeköpinge, Sweden, with annual revenue of about SEK 30 million. The deal took effect immediately.
New Wave Design and Verification acquired FlightWire Technology, a manufacturer of test equipment for aerospace and defense. Terms were not disclosed.
Lixil Group Corp. has entered into a definitive agreement to sell Permasteelisa S.p.A., a global contractor in advanced building facades, to Atlas Holdings LLC. The transaction is subject to customary closing conditions and regulatory approvals; terms were not disclosed.
Komori Corporation completed its acquisition of MBO Group, a Germany-based manufacturer of post-press equipment. MBO Group is now a wholly-owned subsidiary named MBO Postpress Solutions GmbH.
DropsA S.p.A acquired the Lubrication Systems business unit from bielomatik Leuze GmbH + Co. KG i.I. and founded Bielomatik Schmiertechnik GmbH as a DropsA group company.
Pipeline & Utility Rental Equipment, LLC (PURE) merged with Perco Equipment Rentals, operating as PERCO Rentals, combining their fleets and 17 locations across the United States.
MOUNT FRANKLIN FOODS acquired the assets of ARRO CORP.'s food processing and ingredients divisions, and will operate as ELEMENT FOOD SOLUTIONS.
RICH PRODUCTS has acquired RIZZUTO FOODS (pizza dough), two TreeHouse Foods manufacturing plants in Lodi, Calif., and Fridley, Minn., and MOREY'S SEAFOOD in Plymouth, Minn.
PEPSICO has agreed to acquire ROCKSTAR ENERGY BEVERAGES for $3.85 billion.
KERRY has expanded its nonallergenic and organic plant protein capability by acquiring the Spanish company PEVESA BIOTECH.
DURAVANT, which also owns Key Technology, signed an agreement to acquire WOODSIDE ELECTRONICS CORP., a manufacturer of optical color and defect sorting equipment.
Aspen Surgical Products has acquired Precept Medical Products, a manufacturer of nonwoven disposable protective medical apparel. Aspen will invest in new capital at Precept's facility in Agua Prieta, Mexico, to increase PPE capacity for U.S. customers.