Silver Hexarion Holdings Limited agreed to acquire an additional 19.65% stake in Lubawa S.A., increasing its holding from 28% to 47.65%.
Italian metal packaging group Tecnocap set up joint venture Tecnocap Oriental in Mumbai with Indian packager Oricon Enterprise, taking 75% control via the acquisition of Oricon's Metal Lug business. It marks Tecnocap's entry into India and the Far East.
Atlas Copco has acquired Dekker Vacuum Technologies, a Michigan City, Indiana maker of highly engineered vacuum pumps and systems. Prairie Capital Advisors was exclusive financial advisor to Dekker. Terms were not disclosed.
Global Products LLC, an Elkhart-based distribution company, acquired Wiper Technologies, a subsidiary of Diesel Equipment Co. Financial terms were not disclosed.
Lansing Building Products acquired the distribution business of Harvey Building Products, adding 36 branches in the Northeast and bringing its total to 113 locations. Markel Ventures obtained a majority stake in Lansing.
Australian-based Ixom, a water treatment and chemical distribution company, has acquired Dickinson-based Medora Corporation, a provider of water treatment products including SolarBee and GridBee.
TransAlta Corp. has acquired a cogeneration facility in Michigan from two private companies for approximately US$27 million. The facility includes a GE LM2500 gas turbine and an ABB steam turbine and has been operational since 1991.
Hexagon AB announced the acquisition of CAEfatigue Limited, a UK-based provider of mechanical fatigue simulation solutions used to improve product design, quality, and reliability. CAEfatigue will operate as part of Hexagon's Manufacturing Intelligence division.
B.Grimm Power Public Company Limited (BGRIM) acquired a 70% stake in Ang Thong Power Co (ATP), a small power producer operating a 123-MW co-generation facility in Ang Thong Province, Thailand, for 2.52 billion baht. The acquisition was made through its wholly-owned subsidiary B.Grimm Power (Chon Buri) 2 Co.
DuPont has signed an agreement to acquire Desalitech Ltd., a closed circuit reverse osmosis (CCRO) company, to enhance its water purification portfolio.
HBL InvestmentPartners has acquired ZWT Wasser- und Abwassertechnik GmbH, a provider of water and wastewater treatment solutions. The deal was supported by Bluemont Consulting with a commercial due diligence.
Dover has entered into a definitive agreement to acquire Em-tec GmbH, a Finning, Germany-based maker of ultrasound flow measurement devices for medical and biopharma applications. Terms were not disclosed and closing is expected in Q2 2020.
Fortaleza Capital acted as exclusive corporate finance adviser to the shareholders of Bark Packaging Group on the sale of a minority stake to Quadrum Capital. Bark Packaging Group is headquartered in Eerbeek, Netherlands, with 36 employees.
Quadrum Capital has added Bark Packaging Group, a Dutch packaging management intermediary, to its portfolio as a minority investment to fund international growth. The article gives no deal value.
BigRentz, the nation's largest equipment rental network, announced a merger with Illinois-based Lizzy Lift, a provider of construction equipment rental services. Terms were not disclosed.
AquaVenture shareholders approved the merger agreement with Culligan, with the acquisition expected to close by end of March 2020. Shareholders will receive $27.10 per share.
Standex Refrigerated Solutions Group reached a definitive agreement to sell its Master-Bilt and Nor-Lake refrigeration businesses to Ten Oaks Group. The closing is expected within 45 days.
Edycem, a subsidiary of Herige, finalized the acquisition of six ready-mix concrete plants from BHR in Sarthe and Mayenne, France. The deal includes 35 employees and annual revenue of about €10 million.
Gradiant acquired CRS Water, an Australian water treatment company, on March 16, 2020. Terms were not disclosed.
Aspen Pumps Group has acquired Australian HVAC/R component manufacturer and supplier Sky Refrigeration, based in Lilydale, Victoria.
Brookfield Renewable Partners has entered into a definitive merger agreement to acquire all outstanding shares of TerraForm Power, offering 0.381 of a Brookfield Renewable unit per share.
Ross-shire Engineering (RSE) plans to conclude three acquisitions within months, including one of similar size to its recent majority stake in Aciem, as part of a growth strategy to exceed £250m annual turnover.
PAO Severstal closed a deal to purchase 100% of OOO Sintez-PKG and OOO Synthesis PP, the only Russian and CIS producer of carbonyl iron powders. The acquisition adds a new vector for electronics markets.
Fagor Arrasate and Funditec have created Primus Robotics, a technological joint venture to develop and manufacture humanoid robots in Europe. The article gives no investment value or plant location.
Huntsman Corporation agreed to acquire CVC Thermoset Specialties, a North American specialty chemical manufacturer, for $300 million in cash. The transaction is expected to close around mid-2020.
Lyco Manufacturing, Inc. acquired certain consumable service parts assets from Hughes Equipment Co. of Columbus, Wisconsin, including parts for blancher/cooker and snap bean product lines.
Core & Main LP closed its acquisition of R&B Co., based in San Jose, California, to grow its presence in the California market.
Precision Cutting Technologies, Inc. acquired Supermill LLC, a Connecticut-based manufacturer of high-performance carbide end mills. Supermill founder Tom Hale will continue to lead the company.
Trioliet Polska purchased Ursus's factory in Opalenica, Poland, for 6 million złoty, including production lines and equipment, and retained about 85 employees. The acquisition was effective March 1, 2020, and Trioliet plans to invest in expansion and build a new production hall in 2021.
Watervale Equity Partners has acquired Duke Manufacturing, a contract manufacturer of precision metal components for aerospace, defense, power generation, marine, and medical industries. Duke is headquartered in Willoughby, Ohio. The purchase price was not disclosed.
New York private equity firm Monomoy Capital Partners acquired Jacksonville-based paper and packaging distributor Mac Papers, which generates over $600 million in annual sales. The price was not disclosed, and Mac Papers' COO Rick Mitchell will become president.
Voith Group plans to acquire majority ownership of Austrian electric motor and generator manufacturer ELIN Motoren GmbH. The transaction is expected to close in Q2 2020, pending regulatory approvals; the purchase price was not disclosed.
Mines & Metals Trading (Peru) PLC has acquired an additional property package near its Recuperada silver lead-zinc mine in Huancavelica, Peru, from Peruvian Metals for US$200,000 and shares valued at C$780,000.
ACCEDIA Group, a holding company, has acquired ASI Drives, a US manufacturer of transaxles and wheel drives for electric machines. ASI Drives will join forces with ACCEDIA's existing company Tornado Drives.
Bentley Systems acquired GroupBC, a UK SaaS provider of Common Data Environments for construction information management. The deal aims to advance digital twins and collaborative BIM globally.
K-Tec Earthmovers and Ashland Industries announced a merger at ConExpo, creating one of the largest scraper companies. The combined entity will be headquartered in Rosenort, Manitoba, with manufacturing in Rosenort and Ashland, Wisconsin.
United Mechanical, Inc. (UMI) announced its partnership with Fidelity Building Services Group, adding the full-service mechanical contracting company to Fidelity's growing portfolio. UMI provides commercial HVAC, electrical and plumbing services in Southwest Florida.
TE Connectivity Ltd. completed its public takeover of First Sensor AG, now holding 71.87% of shares. The acquisition strengthens TE's sensor business with optical sensing applications for industrial, heavy truck and auto markets.
OMV signed an agreement to acquire an additional 39% stake in Borealis from Mubadala Investment Company for USD 4.68 billion, increasing its ownership to 75%. The transaction is expected to close by the end of 2020.
TE Connectivity completed its public takeover of First Sensor AG, now holding 71.87% of shares. First Sensor is a sensor technology company with expertise in photonics, pressure and advanced electronics.
Silicon Labs entered a definitive agreement to acquire Redpine Signals' Wi-Fi and Bluetooth business, including a development center in Hyderabad, India, and patent portfolio, for $308 million in cash.
Crane 1 Services, a portfolio company of Pfingsten, acquired the Service Division of Piedmont Hoist and Crane, Inc., a provider of overhead crane services based in Colfax, North Carolina. The transaction closed on March 11, 2020.
Marwood International Inc. acquired Tranor Industries LLC in Detroit, Michigan, effective February 1, 2020. The plant will operate as Marwood International – Plant 6, expanding Marwood's automotive parts manufacturing footprint in the USA.
Beijing OriginWater Technology signed a share subscription agreement with China Urban-Rural Holdings, a subsidiary of CCCC, which will become OriginWater's controlling shareholder through voting rights delegation and a private placement.
K-Tec Holdings LLC acquired Ashland Industries Holdings Inc., combining two manufacturers of earthmoving scrapers. The merger closed on February 28, 2020.
Meridian Adhesives Group acquired Epoxies, Etc. and Epoxy Technology, and the two companies are now commercially aligning to offer broader product solutions for electronics and medical markets.
ONE Aviation received approval from the Committee on Foreign Investment in the United States for its acquisition by Chinese-backed investment company Citiking International, which will assume 100% ownership of the aircraft manufacturer as part of ONE Aviation's plan to exit Chapter 11 bankruptcy.
Towell Engineering Group and GFBiochemicals announced a joint venture, NXTLEVVEL Biochem, to produce and market bio-solvents and bio-plasticizers based on levulinic acid. The JV will be headquartered in Geleen, Netherlands.
ZF Friedrichshafen and Wolong Electric Group have officially launched their joint venture, Wolong ZF Automotive E-Motors Co Ltd, for the development and production of electric motors and components. ZF holds 26%, Wolong 74%. Production is scheduled to start in 2021 in Shenyang, China, with further locations planned in the EU and North America.
Italian Sacmi Imola has purchased 70% of Velomat, a designer and manufacturer of high-speed assembly machines for caps, micro-pumps and medical devices, with a 100% buyout option.