Bender GmbH & Co. KG acquired TechniSat Dresden GmbH, a German technology manufacturer, from Techios Daun GmbH on February 28, 2020. The acquisition aims to expand Bender's development capabilities in electric vehicle charging technology and smart technology.
HS Timber Group (80%) and Blue Minds (20%) signed a contract on 28 February 2020 to acquire Interfloat Group, including GMB Glasmanufaktur Brandenburg GmbH, a European solar glass producer with about 300 employees and EUR 45 million turnover in 2019. Closing is expected in Q2 2020, subject to regulatory approval.
Royce Global acquired the Textile Dye and Chemical business of C.H. Patrick & Co., including preparation, dyeing and finishing chemicals, and sulfur and disperse dyes. The transition is expected over the next 30 days.
Maibec agreed to acquire LP Building Solutions' East River facility in Nova Scotia and the CanExel fibre-based siding brand. The transaction is expected to close in Q2 2020.
Environmental 360 Solutions acquired Infratech Sewer & Water Services Inc., a sewer and pipe inspection company based in Sudbury, Ontario.
Mitsubishi Chemical Advanced Materials, a division of Mitsubishi Chemical Corporation, has agreed to acquire German prepreg manufacturer c-m-p GmbH. The transaction is expected to complete within weeks after merger control clearance.
DS Smith completed the sale of its plastics division.
Cominix acquired 68% of Onishi Kiko (Osaka, Japan; sales ¥1.09 billion) on February 27, 2020, and subsequently made it a wholly owned subsidiary through a share buyback. The acquisition price was not disclosed.
Advent International, Cinven and RAG-Stiftung have signed definitive agreements to acquire thyssenkrupp's Elevator Technology business. thyssenkrupp AG will reinvest and retain a substantial minority stake.
Pidilite Industries announced it will acquire a 70% stake in Tenax India Stone Products, the Indian subsidiary of Italian firm Tenax SPA, for approximately Rs 80 crore. Tenax India is engaged in sales and distribution of adhesives, coatings, and surface treatment chemicals for the marble and stone industry.
LG Chem sold its color photoresist business, including production facilities and technology, to Yoke Technology's subsidiary Siyang International for KRW 58 billion. The sale was announced on February 27, 2020.
Private equity-backed HD Sharman acquired ITAC, a Greater Manchester-based adhesives and coatings manufacturer. The acquisition was announced on February 27, 2020.
Essity signed an agreement to acquire 75% of Swedish medical solutions company ABIGO Medical AB, valuing the whole company at SEK 900 million on a debt-free basis. ABIGO develops advanced wound care products using Sorbact technology.
Metso agreed to sell its 50% stake in Shanghai-Neles Jamesbury Valve Co. to Shanghai Electric International Economic & Trading, its joint venture partner. Metso will move Jamesbury valve production to its Shanghai Technology Center.
Curtiss-Wright Corporation agreed to acquire the stock of Dyna-Flo Control Valve Services for $62 million in cash to broaden its industrial valve portfolio. Dyna-Flo makes control, isolation and relief valves and actuators for chemical, petrochemical and oil and gas markets.
BEWiSynbra Group agreed to acquire 75 per cent of the shares in Dutch recycling company De Wijs-van Loon BV, including its subsidiary Poredo BV, which recycle expandable polystyrene in southern Netherlands. The price was not disclosed.
Curtiss-Wright agreed to acquire the stock of Canada's Dyna-Flo Control Valve Services Ltd for CAD$81 million (US$62 million) in cash. Dyna-Flo makes control, isolation and actuator valves for chemical, petrochemical and oil and gas markets.
Mearthane Products Corp. completed the acquisition of Polyurethane Molding Industries Inc. (PMI), a provider of reaction injection molding and custom part finishing services based in Woonsocket, Rhode Island.
The Karl Mayer Group signed an agreement on February 26, 2020 to acquire the Stoll Group, an international leader in flat knitting. Stoll will become part of the Karl Mayer Group from July 1, 2020.
MAKEEN Energy signed an agreement to acquire Gas Equipment Company, Inc. (GEC), a Dallas-based distributor of equipment for oil and gas producers and LPG marketers. The deal is expected to close before the end of March 2020.
Mota Ventures Corp. and Stillcanna Inc. entered into a letter of intent for Mota to acquire all outstanding shares of Stillcanna. Stillcanna is a European-based CBD extract producer with facilities in Poland and Romania.
Right Time Heating and Air Conditioning Canada acquired M&K Climate Care, a residential HVAC and hot water services provider based in London, Ontario. M&K will operate as M&K under Right Time.
Alexandria Development Ltd., the main shareholder of Alexandria Portland Cement, has filed a mandatory tender offer to buy up to 5.842 million shares (1.28%) at EGP 6 per share, to reach 100% ownership.
Beijing Bohui Innovation Biotechnology Co., Ltd. has filed its intention to acquire Adchim SAS, parent company of the Interchim group, and subsequently combine it with its subsidiary Advion Inc.
Inission has signed and closed an agreement to acquire 100% of HY-Tech Comp Oy, a manufacturing service provider in mechanics, electronics and electro mechanics with facilities in Finland and Estonia, for EUR 3.3 million.
Konecranes signed an agreement to acquire the 50% stake held by Jebsen & Jessen in its MHE-Demag joint venture for approximately €147 million, gaining full ownership of the industrial crane and service provider in Southeast Asia.
GNS Gesellschaft für Nuklear-Service mbH acquired 100% of Eisenwerk Bassum GmbH, a company with 106 employees at sites in Bassum and Peenemünde, Germany. The acquisition closed on 21 February 2020.
EP Power Europe, a subsidiary of EPH, signed an agreement to purchase Uniper's 58% stake in the Schkopau lignite-fired power plant in Saxony-Anhalt, Germany, taking full ownership. Completion is scheduled for October 2021, subject to antitrust approval.
Wetterbest, part of TeraPlast Group, increased its stake in Cortina WTB from 51% to 100%, after receiving approval from the Competition Council. Cortina WTB is a producer and distributor of metal tile in Oltenia.
Grebe Holding GmbH announced that WEILBURGER has exited the joint venture CMW Holding Ltd. and is now a 100% subsidiary in China, WEILBURGER China (Tianjin) Ltd., taking over a 32,000 square meter production facility in Tianjin.
Hitachi expects to complete the purchase of an 80.1% stake in ABB's Power Grids business in the first half of 2020, with an enterprise value of $11 billion. The stake is valued at approximately $6.4 billion after deducting debt.
Northland Power has signed an agreement to acquire Dado Ocean Wind Farm, a development company with early-stage offshore wind sites near Chodo Island, South Korea.
Align Capital Partners (ACP) has completed a majority recapitalization of Marco Rubber & Plastics, a specialty distributor of elastomer components based in Seabrook, New Hampshire.
Hyundai Steel will spin off its metal casting and free forging business into a new subsidiary tentatively named Hyundai Integrated Forging Co., with initial capital of 521.8 billion won, effective April 1, 2020.
Race Winning Brands, a portfolio company of Kinderhook Industries, acquired Manley Performance Products, a manufacturer of high-performance engine components.
Germany- and France-based CDL Omni-Pac, backed by Motion Equity Partners and Arkéa Capital, acquired Scunthorpe-based Moulded Fibre Products, the UK's leading recyclable pulp packaging manufacturer.
Hexion Inc. entered into a definitive agreement to sell its manufacturing site in Yumbo, Colombia to a joint venture led by Master Paints & Chemical Corporation. The site produces decorative paints and employs approximately 150 people.
The ACR Group confirmed an agreement to acquire FreeFlight Systems, a Texas-based designer and manufacturer of avionics systems. FreeFlight Systems will operate as an independent subsidiary reporting into ACR Electronics.
Titan Cement's subsidiary Titan America SA agreed to acquire Keystone Cement Company, a Pennsylvania-based cement manufacturer and aggregates producer, for $310 million. The deal includes an integrated cement plant in Lehigh Valley with a clinker production capacity of 990,000 short tons per year.
Valicor Environmental Services has acquired Affiliated Wastewater Environmental Services (AWES), which operates a centralized wastewater treatment facility in Denver, Colorado. Terms were not disclosed.
Instalco has acquired 100% of the shares in Haug og Ruud VVS AS, a Norwegian HVAC company based in Lillehammer with 31 employees and 2018 revenue of NOK 71 million.
The European Commission approved the creation of a joint venture named ImphyTek Powders by Aperam Alloys Imphy SAS and Tekna Plasma Europe SAS, to produce and commercialise nickel alloys powders worldwide. The joint venture will be based in France.
East Africa Metals Inc. reached a binding letter of intent with Sino Union Energy Group Limited for Sino Union to acquire a 55% interest in the Harvest Project in Ethiopia for a cash payment of USD $500,000, with Sino Union funding development and operations.
Veolia Water Technologies UK acquired Biochemica Water, a water and wastewater treatment specialist, to expand its technologies and services offering in the UK.
Charlotte-based Wastequip signed a definitive agreement to acquire Van Nuys, California waste container manufacturer Consolidated Fabricators Corp., which has California facilities and a plant in Tijuana, Mexico.
Nanalysis Scientific Corp. has entered into a contract to acquire 100% of RS 2 D S.A.S. (RS2D), a global leader in next-gen electronics for MRI and NMR systems based in Strasbourg, France. The acquisition is scheduled to close on February 27, 2020.
Kyocera Corp. agreed to acquire all outstanding shares of AVX not already owned (about 28%) for $21.75 per share, making AVX a wholly owned subsidiary.
Synopsys acquired Terrain EDA, a developer of chip designs for the semiconductor industry. Financial terms were not disclosed.
Americold Realty Trust entered a strategic joint venture to acquire approximately 15% of SuperFrio, a Brazilian temperature-controlled storage operator, for BRL 118 million (approx. USD 28 million). The transaction is expected to close in Q1 2020.
Augusta Air Associates, LLC announced its merger with Doc Savage Heating & Air Conditioning, Inc., combining two HVAC service providers in the CSRA region.