Factory Software GmbH, a subsidiary of Factory Systemes Groupe, acquired AVEVA's HMI/SCADA, MES and APM software distribution business in Germany and Austria, making it the largest AVEVA distributor in Europe.
Neenah, Inc. signed a definitive agreement to acquire Vectorply Corporation, a manufacturer of high-performance composite materials, for $155 million in cash. The acquisition is expected to close on April 1, 2020.
Supreme Group, through its Thailand subsidiary Supreme Feltol Thailand Co, acquired the automotive interior trims and NVH business of Futuris Automotive, a subsidiary of Adient Plc. The acquisition adds a second plant in Thailand's Eastern Seaboard with 230 employees.
Wöhler Bohemia s.r.o., a Czech subsidiary of the Wöhler Group, acquired the roll pin division of MBK Maschinenbau GmbH, including machinery for paintbrush and roller production and mixing systems.
Coveris Management GmbH acquired Plasztik-Tranzit Kft, a Hungarian flexible packaging producer, for an undisclosed sum. The acquired company will be renamed Coveris Pirtó.
Addtech Power Solutions has acquired 100% of DMC Digital Motor Control GmbH and Q-tronic B.V. The combined companies have a turnover of EUR 7 million and 20 employees.
Nikola Corporation, a developer of zero-emission heavy-duty trucks, will merge with VectoIQ Acquisition Corp. The deal values the combined company at $3.3 billion and includes a $525 million PIPE investment.
VR Equitypartner has sold its majority stake in VAUTID GmbH to Taiwan's UP Scientech Materials Corp. VAUTID, with 450 employees, is a leading provider of metal-based wear protection solutions.
Finnsiirto Oy, a portfolio company of Folmer Equity Fund II, has acquired Simeri Oy and Suomen Telakone Oy. The combined group has an estimated revenue of EUR 60 million and employs 120 professionals.
ABB has agreed to acquire Cylon Controls Ltd., a Dublin-based provider of building automation and HVAC control solutions. The acquisition enhances ABB's smart buildings portfolio. Terms were not disclosed.
Guangxi LiuGong Machinery Co. Ltd. acquired Hertz Equipment Rental Company Limited (Hertz China) from Herc Holdings Inc. Terms were not disclosed. The transaction is subject to Chinese government approval and expected to close within 60 days.
P-D VALMIERA GLASS USA Corp., a subsidiary of AS VALMIERAS STIKLA ŠĶIEDA, signed an Asset Purchase Agreement to sell substantially all assets of its Phase I and Phase II operations in Dublin, Georgia to Saint-Gobain Adfors America for $17.5 million, subject to bankruptcy court approval.
Thermo Fisher Scientific announced a proposal to acquire Qiagen for €39 per share in cash, valuing the transaction at approximately $11.5 billion including assumed debt.
voestalpine Böhler Welding, part of voestalpine AG, has acquired a majority stake in Italian welding machine manufacturer Selco s.r.l. Selco supplies customers in Europe, South America and Australia from its facilities in Onara and Cittadella, Italy.
Good Natured Products agreed to acquire Shepherd Thermoforming & Packaging, a custom thermoforming provider in Brampton, Ontario, for C$9.5 million. BDC is providing financing, including a C$6 million mortgage for the real estate, and the deal is expected to close in May 2020.
Argand Partners, LP acquired Midwest Can Company and Container Specialties, Inc., makers of portable fuel containers and blow-molded plastic containers, based in Franklin Park, Illinois. No financial terms were disclosed.
Nautic Partners completed its acquisition of Harrington Industrial Plastics, a distributor of corrosion-resistant fluid conveyance, control and measurement products, in partnership with its management. Harrington was founded in 1959.
Israeli kibbutz-based valve makers Dorot Command & Control and ARI Fluid Transmission completed a merger estimated at $100 million. MAT Holding will hold 51% of the merged company and Kfar Haruv 49%.
PennAero announced it has closed the acquisition of RSA Engineered Products, a provider of engineered components for air management systems used in aerospace and defense applications. The deal was previously announced on January 30, 2020.
Berg Chilling Systems Inc. acquired J&J Air Conditioning and Refrigeration in North Battleford, Saskatchewan, effective March 2, 2020. The business will operate as J&J Refrigeration – A Division of Berg Chilling Systems.
Kion Group acquired 100% of Digital Applications International (DAI), a UK-based software company specializing in logistics applications, for approximately €120 million.
Martinrea International Inc. completed the acquisition of the Structural Components for Passenger Cars operations of Metalsa S.A. de C.V. for USD $19.5 million in cash. The acquisition adds six plants in Germany, the United States, Mexico, South Africa, and China, and approximately 2,000 employees.
WorldWide Electric, LLC acquired Louis Allis, a specialty motor company based in Warrior, Alabama. Both companies will continue to operate separately from their respective locations.
ALTANA completed the acquisition of Schmid Rhyner AG, an overprint varnish specialist based in Adliswil, Switzerland, with nearly 80 employees and €50 million in 2018 sales.
Oldcastle APG, a CRH company, announced the acquisition of dry mix manufacturer US MIX, including its US SPEC brand. The deal fills a gap in APG's dry mix footprint and adds a Denver, CO manufacturing facility.
FIMER SpA has completed the acquisition of ABB's solar inverter business, which has approximately 800 employees in over 30 countries and generated close to $290 million in annual revenue. The divestment allows ABB to focus on priority growth markets.
The European Commission approved the acquisition of Envicco Limited by PTT Global Chemical and Alpla, creating Envicco to produce recycled plastics from post-consumer packaging at a site in Rayong province, Thailand. The first packaging waste recycling plant is planned to launch in late 2021.
Middleby acquired Deutsche Beverage Technology, a custom-design brewery equipment manufacturer and supplier based in Charlotte, North Carolina, on March 2, 2020. Terms of the agreement were not disclosed.
KB Components, a Swedish industrial group, has acquired Placell AB, a producer of plastic components, in Gislaved, Sweden. The acquisition will be integrated into KB Components' European Injection Molding business and the company will be renamed KB Components Placell AB.
Power Machines is negotiating the sale of its 35% stake in the Siemens Gas Turbine Technologies (STGT) joint venture to Siemens, with an estimated value of $5-6 million.
Alphatec Holdings (ATEC) has signed an agreement to acquire Paris-based EOS imaging for up to $88m plus debt retirement of $33.9m, in a cash and equity deal.
Pon Holdings completed the acquisition of RH Marine Group, which includes Radio Holland Group, Van Berge Henegouwen, and AERIUS Marine GmbH, to expand its maritime activities worldwide.
FHIA Remodeling of Fort Lauderdale, Florida, backed by York Capital Management, acquired Mad City Windows & Baths of Madison, Wisconsin, to expand its network of national remodeling providers. Terms were not disclosed.
Aero Precision, a military aviation aftermarket distributor based in Livermore, California, acquired Kellstrom Defense, an aftermarket sustainment solutions provider headquartered in El Segundo, California.
Tuchfabrik Willy Schmitz, a German textile manufacturer, was acquired by Tesca Group on March 2, 2020. Terms were not disclosed.
T&T Power Group acquired Vancouver-based 3 Phase Power Systems, a supplier of VFDs, motor controls, and industrial power conversion technology, through a share purchase agreement.
Systemair AB acquired 60 percent of Danish sales company Tempus Heat A/S, a distributor of Frico heating products, for an undisclosed amount. The company will be renamed Frico A/S.
Nefab Packaging Sweden AB acquired Trio Emballage AB, a heavy-duty packaging producer in Staffanstorp, Sweden, effective March 2, 2020. Trio has around 50 employees.
Lou Frankland, Managing Director, acquired Mansfield Pollard in a management buyout from sole shareholder Alan Pollard. The deal was completed approximately one year before the article date.
GenServe, in partnership with GenNx360 Capital Partners, acquired Atlantic Switch And Generator (ASG), a provider of maintenance, repair, sales and rentals of industrial generators and backup power solutions based in Pennsauken, New Jersey.
Johnson Controls acquired McDowall Air Conditioning in March 2020, a provider of air conditioning and ventilation services in the UK.
The Böllhoff Group has acquired a significant participation in Gillis Aerospace, a French aerospace fastener manufacturer. The cooperation contract was signed in January 2020 and the transaction completed in early March 2020.
RAM Company, a St. George-based manufacturer of electro-mechanical devices, acquired a controlling stakeholder share in Airborne Environmental Control Systems, a Washington state-based aerospace company, and shifted its operations to St. George.
SK Siltron completed the acquisition of DuPont's Silicon Carbide Wafer unit for $450 million, closing on February 29, 2020. The business is based in Auburn, Michigan.
Saudi Aramco received unconditional clearance from the European Commission to acquire a 70% stake in SABIC for $69 billion. The deal is now subject to remaining customary conditions.
LyondellBasell and Sinopec announced a joint venture to manufacture propylene oxide and styrene monomer in China.
Ingersoll-Rand plc merged its Industrial business with Gardner Denver Holdings, Inc., creating a $15 billion global leader in flow creation and industrial technologies. The remaining HVAC and transport refrigeration assets became Trane Technologies.
Rabatex Industries and Alexander & Giovanelli Group formed a joint venture to produce advanced material handling equipment, including electric trolleys for weaving rooms, in India.
Laguna Tools acquired Dake Corporation.
Two Halder portfolio companies acquired 100% of SIRAG AG, UNIVER AG and UNIPROD AG, Swiss suppliers of pneumatic and automation assemblies based in Steinhausen. The companies will be merged into Valeta GmbH, and the sellers are handing over to internal successors.