IES Holdings acquired Plant Power & Control Systems (PPCS), a Birmingham, AL-based manufacturer of custom engineered power distribution equipment, for an undisclosed amount. PPCS had revenues of approximately $19 million in 2019.
Kokusai Pulp & Paper (KPP) signed binding agreements with Sequana and Bpifrance to acquire their 83.7% stake in paper and packaging distributor Antalis, representing about 75.2% of its share capital. The deal is subject to conditions precedent.
Huhtamaki has completed the acquisition of the remaining shares of its Brazilian joint venture Laminor S.A., a tube laminate maker, for approximately EUR 30 million. The business is consolidated from April 1, 2020.
KEMET Corporation stockholders voted to approve the proposed acquisition by Yageo Corporation for $27.20 per share in cash. The transaction is expected to close in the second half of 2020.
Qorvo acquired Custom MMIC, a supplier of GaAs and GaN MMICs for defense, aerospace, and commercial applications, for an estimated $100-150 million. Custom MMIC will become part of Qorvo's Infrastructure and Defense Products business.
Equistone Partners Europe has agreed to acquire Accès Industrie, a French rental company for aerial work platforms and telescopic forklifts, from Parquest Capital, becoming the majority shareholder alongside management.
The SEER Group, a heating and air conditioning services company, acquired Coffman & Company, a residential HVAC provider in the Denver metro area. The acquisition expands The SEER Group's national footprint into Colorado.
EmCyte Corporation acquired all assets of Cellmedix Holdings LLC, including the Centrepid Platelet Concentrator system and related patents.
KG Dongbu Steel approved a small-scale merger with its wholly owned subsidiary Dongbu Incheon Steel, effective March 1, 2020, aiming to cut costs by over 10 billion won annually and potentially sell the Incheon site and equipment.
Dialog Semiconductor plc signed a definitive agreement to acquire all outstanding shares of Adesto Technologies Corporation, a provider of custom ICs and embedded systems for the Industrial Internet of Things (IIoT) market. The acquisition aims to accelerate Dialog's expansion into the IIoT market for smart buildings and industrial automation.
Okamura announced it will absorb and merge its wholly owned subsidiaries Okamura Logistics and Cedar, effective July 1, 2020. The merger aims to optimize supply chain management and strengthen logistics and conveying equipment capabilities.
DTE Energy Services completed the $100 million purchase of the Marina Thermal Facility in Atlantic City from SJI. The facility is an 8-megawatt combined heat and power plant serving MGM's Borgata Hotel Casino & Spa.
Orica announced the acquisition of Exsa's explosives factory in Lurin, Peru, with plans to increase capacity utilization from 15-30% to 80%. The deal includes $600 million capital raising and expected annual synergies of $18 million.
ROFA Industrial Automation AG announced it will be acquired by SPIE Germany Switzerland Austria GmbH, a subsidiary of SPIE S.A., to combine strengths in industrial automation and intralogistics.
Nokia announced plans to acquire Elenion Technologies, a U.S.-based silicon photonics company, on February 19, 2020. The acquisition aims to improve economics of advanced optical connectivity solutions for 5G, cloud, and enterprise networking.
Rockwell Automation signed an agreement to acquire privately-held Kalypso LP, a US-based software delivery and consulting firm specializing in digital transformation for industrial companies. Financial terms were not disclosed.
learnd acquired ESH, the holding company that owns built environment brands Aimteq and WEMS, adding 50 field-based engineers and a Remote Operations Centre managing over 1,800 sites. The 117 staff will remain.
Rockwell Automation signed an agreement to acquire Italy-based ASEM, a provider of Industrial PCs, HMI hardware and software, and Industrial IoT gateway solutions. The transaction is expected to close in spring 2020.
Dassault Aviation is in talks to buy out Reliance Infrastructure's stake in their joint venture Dassault Reliance Aerospace Limited (DRAL), seeking 100% ownership. The JV operates a manufacturing facility in Nagpur, India.
Ferguson plc signed a purchase agreement to acquire Columbia Pipe & Supply, a Chicago-based distributor of valves, PVF and industrial products with 16 locations in the Midwest, subject to regulatory approval.
Cadence Aerospace, a portfolio company of Arlington Capital Partners, acquired Premier Processing, a provider of surface finishing and special processing for aerospace and defense, headquartered in Wichita, Kansas.
Duravant LLC has entered into a definitive agreement to acquire Woodside Electronics Corporation (WECO), a manufacturer of optical color and defect sorting equipment for fruits and nuts, based in Woodland, California.
SWM (Schweitzer-Mauduit International) signed a definitive agreement to acquire Tekra, LLC and Trient, LLC, converters of high-performance films, for $155 million in cash. The transaction is expected to close before March 31, 2020.
Castleton Commodities International LLC has closed the acquisition of the 786MW Amorebieta combined cycle power plant in the Basque Country, Spain. The plant uses GE and Alstom turbines.
Schwarzmüller Group, an Austrian manufacturer of premium commercial vehicles, has acquired 100% of Hüffermann Transportsysteme GmbH, a German producer of container trailers based in Neustadt/Dosse, Brandenburg. The acquisition extends Schwarzmüller's expertise in construction and infrastructure vehicles.
Sino-Tech International Holdings, through its subsidiary Shenzhen Guoke, agreed to acquire a 51% stake in Shandong Deji Medical Supplies for RMB 1. The target produces disposable protective masks, medical masks, protective suits, and other medical supplies.
GFG Alliance completed the acquisition of Adhunik Metaliks Ltd and Zion Steel Ltd in a Rs 4.25 billion ($60 million) cash deal, marking its entry into the Indian steel market.
Perry Baromedical Corporation acquired the hyperbaric division of Environmental Tectonics Corporation (ETC), which manufactures products under the BARA-MED brand.
JBS USA, the US subsidiary of JBS SA, plans to acquire Empire Packing Co. for $238 million, including its five processing facilities and the Ledbetter brand. The deal is contingent on regulatory approval.
Clear Lake, Minnesota-based Doering Company acquired the assets of Eden Prairie-based Metro Hydraulics, a maker of hydraulic directional control and other valves for agriculture, construction and light industrial markets.
AR Metallizing, a Nissha subsidiary, completed its acquisition of the paper coating side of Eurofoil in Berlin, excluding the aluminium foil operation. The deal adds metallized paper capacity and direct food-contact packaging products.
Nefab AB has signed an agreement to purchase 100% of the shares of Szkaliczki & Partners Plastic Processing Ltd in Hungary. The transaction is pending approval by the Hungarian Competition Authority, expected within a week.
As part of Alstom's acquisition of Bombardier Transportation, CDPQ will convert its investment in Bombardier Transportation into Alstom shares and invest an additional €700 million, becoming Alstom's largest shareholder with about 18% stake and two board seats.
Alstom has signed a Memorandum of Understanding to acquire Bombardier Transportation from Bombardier Inc. and CDPQ for €5.8 billion to €6.2 billion. CDPQ will reinvest proceeds and become Alstom's largest shareholder with about 18% stake.
The National Company Law Appellate Tribunal (NCLAT) has approved JSW Steel's acquisition of Bhushan Power & Steel Ltd.
Daikin has further expanded its European market presence in commercial refrigeration through recent acquisitions of AHT, Hubbard, Tewis and Zanotti. The company plans to expand this business in Asia and the USA.
Atlantic Corporation of Wilmington announced its acquisition of Coastal Corrugated, a 35-year-old family-owned corrugated box maker in North Charleston, South Carolina. Coastal also makes protective packaging components for the automotive industry.
Atlantic Corporation of Wilmington, NC announced the acquisition of Coastal Corrugated, a 35-year-old box company in North Charleston, SC. Coastal makes large-format corrugated boxes and custom protective packaging for the automotive industry.
Aura Minerals entered into a binding term sheet to purchase all shares of Z79 Gold (USA) Corp. from Para Resources, which owns a 94% interest in the Gold Road Mine in Arizona, for nominal cash and assumption of $35 million in liabilities. Closing expected on or about March 13, 2020.
Valence Surface Technologies LLC acquired Fountain Plating Co., Inc., a provider of product finishing services for aerospace and defense, located in Springfield, Massachusetts, on February 14, 2020.
CCL Industries acquired the remaining 50% interest in its aluminum slug venture Rheinfelden Americas, LLC for a nominal sum, assuming $22.3 million in debt. The business will be renamed CCL Metal Science.
Mexican steelmakers Altos Hornos de Mexico (AHMSA) and Ternium Mexico are expected to form a merger before the end of Q1 2020, with a transaction value estimated between $3 billion and $4 billion.
Teranga Gold secured approvals from the Senegalese Government to proceed with the acquisition of a 90% stake in the Massawa Gold Project in Senegal for $430 million from Barrick and its joint venture partner.
Franchi&Kim and Colorificio Damiani created a new company named Estalia Performance Coatings s.p.a., with 175 employees and 51 commercial consultants, operating three production plants in Castenedolo, Maclodio, and Montecchio Emilia.
Asahi Intecc acquired a 10% stake in Vascular Perspectives, committing to a long-term partnership after a 15-year relationship.
Thierry Mosa and his team, together with GENEO, Eximium and Bpifrance, acquired Dickson PTL, a global specialist in technical textiles for rubber, heat protection and machine protection markets, from the Dickson/Glen Raven USA group.
AptarGroup has announced plans to acquire premium airless and colour cosmetics packaging company Fusion Packaging (FusionPKG) through a binding agreement. The deal is aimed at meeting demand for fast beauty packaging.
Aptar entered into a binding agreement to acquire Fusion Packaging I, L.P. (FusionPKG), a Dallas-based maker of prestige airless and color cosmetics packaging for the North American beauty market. The transaction is subject to customary closing conditions and the value was not disclosed.
Hayley 247 Engineering Services acquired a majority share in WMH Transmissions Ltd and Apex Transmissions Ltd, based in Staffordshire, UK, to add precision linear motion expertise.
FLSmidth acquired the assets of Mill-Ore Industries Inc., a Canadian service centre for KREBS pumps and cyclones, to enhance local service for mining customers in eastern Canada.