AorTech International PLC entered a conditional agreement to acquire RUA Medical Devices Limited for £2.45 million, to be satisfied by £0.95 million cash and 1.5 million new shares. The acquisition will internalize manufacturing and the company will change name to RUA Life Sciences plc.
AorTech announced the proposed acquisition of RUA Medical Devices Ltd for £2.45 million, funded from existing resources and stock. The deal is subject to shareholder approval and expected to close after the financial year end.
Ball Corporation agreed to buy Tubex Industria e Comercio de Embalagens for $80 million plus a potential earn-out, gaining an aluminum aerosol can plant near Sao Paulo with eight extruded can lines.
Wolong Electric and ZF Friedrichshafen launched a joint venture, Wolong ZF Automotive E-Motors Co. Ltd., for electric traction motors. ZF holds 26% of the shares. Volume production is planned to start in 2021, with additional locations in the EU and North America planned by 2025.
AERIUM Analytics acquired the technology and intellectual property portfolio of Clear Flight Solutions, including the RoBird ornithopter drone and associated patents. AERIUM will manufacture RoBird units in Calgary.
Jingye Steel acquired the business and assets of British Steel from the Official Receiver, including the Scunthorpe steelworks and UK mills, saving approximately 3,200 jobs, with a pledge to invest £1.2 billion over 10 years.
Ascent Rift Valley Fund acquired Metro Plastics Kenya Limited, a manufacturer of PVC and PPR water pipes and fittings, through an asset carve-out into a new entity called Metro Concepts East Africa Limited.
NIBE Industrier signed an agreement to acquire 100% of German heat pump manufacturer WATERKOTTE GmbH, which operates in Herne and Georgsmarienhütte in Germany. The purchase price was not disclosed, and consolidation is expected from 1 April 2020. The announcement was made on 10 March 2020.
Meccanotecnica Umbra S.p.A., Italy, acquired Megaseal, Istanbul, Turkey, on March 9, 2020. The business will continue to operate under the name Meccanotecnica Umbra (TURKEY).
Equinox Gold Corp. completed the acquisition of Leagold Mining Corporation from Yamana Gold Inc. and others in a merger of equals transaction valued at approximately CAD 780 million.
Premier Tech announced the acquisition of two Québec companies: Éconeau, a rainwater harvesting firm, and AgroEnviroLab, a soil and water analysis laboratory. The acquisitions were concluded by PT's Water and Environment and Growers and Consumers business groups.
First Response Environmental Group, a Nashville-based environmental and industrial-services company, has been acquired by TRADEBE.
Grupo Pujol has acquired 100% of the EVASA production unit in A Coruña, Spain, to expand production of EVALAM EVA interlayers for laminated glass. The acquisition will add two new production lines, including a 2.61-meter-wide line, and increase facility surface by 50%.
PMC Capital Partners, through newly formed Arctic Cooling Systems (ACS), acquired the Chino branch of The AMS Group, an aftermarket service provider in commercial and industrial refrigeration and HVAC, from Hill PHOENIX (Dover Food Retail). Terms were not disclosed.
Etnyre International Ltd. has acquired Rayner Equipment Systems (RES), a manufacturer of micro-paving and slurry-seal equipment based in Sacramento, California. The acquisition gives Etnyre entry into the micro-paving and slurry-seal business.
Jingye Group completed the acquisition of British Steel's UK and Netherlands assets from the Official Receiver, pledging £1.2 billion in investment.
The Committee on Foreign Investment in the United States (CFIUS) cleared Infineon Technologies AG's planned acquisition of Cypress Semiconductor Corporation, announced on 3 June 2019. The transaction is valued at an enterprise value of €9.0 billion.
Zhejiang Shuanghuan Driveline Machinery Co., Ltd. acquired an 81% stake in German gearbox and auto component manufacturers Schmiedetechnik Plettenberg GmbH & Co. KG and Werkzeugtechnik Plettenberg GmbH & Co. KG from VVP Vermögensverwaltung Plettenberg GmbH & Co. KG.
Bombardier Aviation agreed to sell its electrical wiring facility in Querétaro, Mexico, to French aerospace company Latécoère for $50 million. The facility makes Electrical Wiring Interconnection Systems and employs 700 staff who will transfer to Latécoère.
FATHOM, Midwest Composite Technologies (MCT) and ICOMold have combined to form North America's largest privately held digital manufacturing service provider.
Gertex Solutions acquired Freepak Inc., a packaging supplies provider based in Stoney Creek, Ontario, adding warehouse space and expanding its Ontario service coverage. The announcement was made on 9 March 2020.
Luxury packaging firm GPA Global acquired Hub Folding Box, a printing and packaging manufacturer with a facility in North America, for an undisclosed fee. Combined assets are expected to generate more than $250m in annual revenue. The announcement was made on 9 March 2020.
Bessemer Investors LLC completed the acquisition of Leonard Valve Company, a Cranston, Rhode Island maker of water temperature control valves and monitoring devices. Financial terms were not disclosed. The announcement was made on 9 March 2020.
Rolls-Royce Power Systems AG agreed to acquire KINOLT SA from 3i Group plc and other co-investors for approximately €96 million.
Akzo Nobel N.V. completed the acquisition of the remaining 25% stake in Akzo Nobel Boya Sanayi ve Ticaret A.S., a leading powder coatings joint venture in Turkey.
PPG completed its acquisition of Alpha Coating Technologies LLC, a manufacturer of powder coatings for light industrial applications and heat-sensitive substrates.
Karnell, through investment company K4 Sweden AB, acquired the majority of shares in Vebe Teknik AB, a manufacturer of bag filling systems for the food, chemical and feed industry based in Björköby.
CEMEX's U.S. affiliate has closed the previously announced divestment of its Kentucky cement plant and related assets to Eagle Materials Inc. for approximately $665 million, with CEMEX receiving about $499 million.
CEA announced the acquisition of ELB Equipment, which will make CEA the Australian distributor for Ditch Witch and Komptech brands. The deal is expected to be finalised in 90 days.
SECO announced it has completed the acquisition of 100% of InHand Electronics, a Maryland-based provider of low-power rugged embedded systems and software for OEMs in military, industrial, medical and other markets.
Firmenich announced it has entered into exclusivity to acquire Les Dérivés Résiniques et Terpéniques (DRT), a world leader in plant-based chemistry, from Ardian, Tikehau Capital and family shareholders.
Kosan Crisplant, a daughter company of MAKEEN Energy, signed an agreement to acquire Gas Equipment Company (GEC). The deal was reported on March 6, 2020.
Schumacher Packaging, the German family-run corrugated packaging group, has acquired Jaffabox, a UK family-managed corrugated board packaging manufacturer. The Amyes family will continue to run Jaffabox.
The shareholders of IMB Stromversorgungssysteme GmbH sold their shares to LET Unternehmensgruppe as part of a strategic succession plan. Klaus Himmelseher becomes the new managing director.
Adient has agreed to sell its automotive fabrics and lamination business to Sage Automotive Interiors, an Asahi Kasei company, for $175 million. The transaction includes 11 facilities globally and is expected to close by the end of fiscal year 2020.
Fleuret-Sati, based in Toulouse, acquired AFC Industrie, a Tunisian precision mechanics and motor winding company. AFC Industrie had €1.1 million revenue in 2019 and 80 employees.
Hyperice, a recovery and performance technology brand, has acquired NormaTec, a pneumatic compression systems innovator. The companies will combine workforces and product offerings, with NormaTec's CEO joining Hyperice as Chief Innovation Officer.
KCE (Kaizaharra Corporación Empresarial) has acquired CTL-TH Packaging Group, a flexible tube manufacturer with plants in Vitoria, Barcelona and Vichy, and a turnover of over €70 million in 2019.
RSE (Ross-shire Engineering) has acquired a majority equity share in ACIEM Group, a £14 million revenue mechanical & electrical engineering business based near Bath, Leeds and Port Talbot. The acquisition enhances RSE's water treatment and clean energy solutions in England.
STMicroelectronics signed an agreement to acquire a majority stake in French Gallium Nitride (GaN) innovator Exagan, with a plan to acquire the remaining minority stake after 24 months. The acquisition aims to accelerate ST's GaN roadmap for automotive, industrial, and consumer applications. Terms were not disclosed.
Worthen Industries acquired Henkel's footwear product line in Mexico, including a portfolio of adhesive technologies and sales and technical support staff.
Ansys entered a definitive agreement to acquire Lumerical Inc., a developer of photonic design and simulation tools, to add photonic simulation to its multiphysics portfolio for 5G, IIoT and autonomous vehicle development.
Duraco Specialty Tapes has acquired Infinity Tapes, a US manufacturer of double-coated tapes, transfer adhesive tapes and release liners based in Forest Park, Illinois. The partnership was announced on 2020-03-05.
Nylacast acquired Viva Nylons, a manufacturer of cast nylon semi-finished products based in Leicester, England. The terms of the transaction were not disclosed.
IRPC Pcl signed a joint venture contract to acquire 50% of Mytex Polymers (Thailand) Co Ltd's shares from Japan Polypropylene Corporation (JPP), aiming to strengthen its specialty PP compound portfolio for the automotive market.
TransTech Energy announced the acquisition of Bendel Tank & Heat Exchanger, based in Charlotte, North Carolina, on February 28, 2020. Bendel produces engineered products for chemical, pharmaceutical, food, textile, and energy markets, and will complement TransTech's Texas-based assets.
Align Technology has signed a definitive agreement to acquire exocad Global Holdings, a dental CAD/CAM software leader, for approximately EUR 376 million in cash.
Burckhardt Compression has acquired the global compressor business of The Japan Steel Works (JSW). The deal value was not disclosed in the article.
Logoplaste Group acquired a majority stake in Masterchem, a Polish PET container manufacturer, forming Masterchem Logoplaste led by CEO Piotr Wasilewski, with the deal completed after UOKiK antitrust approval.
Al-Arrab Contracting Company bought 11.4 million shares of Electroputere Craiova in a buyback offering, raising its stake from 95.53% to 96.63%. The offering period ended on March 3, 2020.