WEG signed an agreement to acquire 51% of the share capital of PPI-Multitask, a Brazilian industrial automation systems integrator specializing in MES and IIoT software.
CIE Automotive Group acquired Italy-based gears specialist Somaschini, which has nearly 300 employees and three production plants in Italy and the US, for €79.6 million.
Mann+Hummel sold its Mann+Hummel Fluid Brasil business to Luis Guilherme Pozzani da Rocha, the former CEO. The company, now called Fluid Brasil, continues in water and wastewater treatment and as exclusive supplier of Microdyn-Nadir membranes in Brazil.
Liebherr-Baumaschinen Vertriebs und Service GmbH has acquired Libero Baumaschinen GmbH & Co.KG and Libero Bau und Industriemaschinen GmbH, taking over Libero's earthmoving business activities, sales and service network, and all employees.
Thermal Solutions Manufacturing (TSM), a portfolio company of Altus Capital Partners, acquired Alfa Laval Champ, a specialty provider of tubular heat exchangers for marine and industrial markets. The acquisition adds production capacity and engineering support.
Borealis AG and NOVA Chemicals Corporation announced an agreement for Borealis to buy NOVA Chemicals' 50% ownership interest in Novealis Holdings LLC. Novealis is a joint venture that holds a 50/50 stake in Bayport Polymers LLC (Baystar) in Houston, Texas. The transaction is expected to close in the first half of 2020.
Fabbri Group announced the acquisition of CAVECO, an Italian company specializing in tray-sealing packaging machines and lines for fresh food. The acquisition strengthens Fabbri Group's position in the tray-sealing machine segment.
Pye-Barker Engineered Solutions acquired Florida Air Technologies, LLC of Orlando, taking over its compressed air equipment, vacuum pumps and repair parts. All employees keep their jobs, and the deal was announced on January 9, 2020.
Gruppo Fabbri announced that CAVECO has officially joined the Modena-based group, adding thermosealing machines and packaging lines to its portfolio. The deal's value was not disclosed.
Rockwell Automation has entered an agreement to acquire Israel-based cybersecurity solutions provider Avnet Data Security to expand its cybersecurity expertise. Financial terms were not disclosed, and the acquisition is expected to close in early 2020.
Integrated Polymer Solutions (IPS), a portfolio company of Arcline Investment Management, acquired Icon Aerospace Technology, a designer and manufacturer of custom polymer components for aerospace and defense. The transaction adds a third AS9100-certified facility in Retford, UK.
Key Technology, a member of the Duravant family, acquired Herbert Solutions, a supplier of sorting and processing equipment for root crops and fresh produce based in Eindhoven, the Netherlands. The acquisition enhances Key's portfolio of potato and vegetable equipment solutions.
Canadian attachment manufacturer GRYB announced the acquisition of 100 percent of Winkle Industries, along with its subsidiaries Proen Engineering Solutions and LiftTech Field Services. The acquisition gives GRYB a presence in the United States and adds production and warehouse space.
Diodes Incorporated provided an update on its acquisition of Lite-On Semiconductor, including a resolution by LSC to sell 16.5% of On-Bright Electronics to facilitate regulatory approval in China.
Barnhart Crane and Rigging has entered into an agreement to acquire Viant Crane.
Consortium Orthosie Investment Holdings Ltd. is acquiring 100% of Shanghai-based On-Bright Electronics Inc. for NT$12.88 billion ($428 million), clearing the way for Diodes Inc. to acquire Lite-On Semiconductor Corp.
Mercedes-Benz and Geely formed a 50:50 joint venture, Smart Automobile Co, to manufacture premium electric vehicles from 2022. The companies will invest $388.77 million each, with a plant in Ningbo, China.
Hexagon AB acquired Blast Movement Technology (BMT), a pioneer in blast movement monitoring for open pit mines, to strengthen its Smart Mine solutions portfolio.
PPG reached a definitive agreement to acquire Industria Chimica Reggiana (ICR) S.p.A., an Italian manufacturer of automotive refinish and light industrial coatings, with closing expected in Q1 2020.
Foundation Building Materials (FBM) closed the acquisition of Associated Drywall Suppliers, an independent distributor of drywall and ceiling systems in the greater Louisville, Kentucky market.
Breedon Group agreed to acquire certain assets and operations of CEMEX in the UK for £178 million, including approximately 100 active operations, with completion expected in Q2 2020.
A consortium including Pavilion Capital and Axiom Asia Private Capital agreed to acquire an 83.5% stake in On-Bright Electronics from Lite-On Semiconductor and others for TWD 10.8 billion.
TricorBraun, a North American primary packaging supplier, acquired Minneapolis-based Packaging Solutions Inc (PSI), a rigid packaging supplier with 25 years of experience, adding a Minneapolis warehouse. Financial terms were not disclosed.
Cibes Lift Group acquired full ownership of its Austrian partner GS-Aufzüge Cibes GmbH on January 7, 2020, to strengthen its position in Austria and German-speaking countries.
Bobst Group SA has entered into exclusive negotiations to acquire a majority participation in CITO-SYSTEM GmbH, a tooling company for packaging production. The closing is expected in Q1 2020.
Kymera International has entered into a definitive agreement to acquire AMETEK's Reading Alloys business, a producer of master alloys, thermal barrier coatings and titanium powders for aerospace, defense, medical and industrial markets. The transaction is expected to close in Q1 2020.
Tailwind Technologies acquired Aerospace Welding Minneapolis Inc. and Aerospace Mfg. Inc. (AWI-AMI) in Eagan, Minnesota. The companies will retain their names, location, leadership team, and skilled employees.
ACON Investments acquired Pine Environmental Services LLC, the largest independent provider of environmental test and measurement equipment solutions in North America. The management team of Pine will be significant shareholders alongside ACON.
HB Global LLC acquired Spectrum Mechanical & Service Contractors LLC of Tempe, Arizona, a provider of commercial HVAC services. Spectrum has 150 employees and 2019 revenue of approximately $25 million.
Premier Forge Group acquired California Amforge, a manufacturer of closed die, upset and rolled ring forgings for aerospace, defense and oil and gas industries. Terms were not disclosed.
QED Naval and HydroWing announced a joint venture and the acquisition of Tocardo Tidal Power, a Dutch tidal turbine business, to combine expertise in tidal energy.
ABB completed the divestment of its shares in Shanghai ABB Breakers Co Ltd and Shanghai ABB Guangdian Electric Co Ltd to Shanghai Guangdian Electric Group. Financial details were not disclosed.
Synopsys signed a definitive agreement to acquire certain IP assets of INVECAS, including logic libraries, I/O, memory, interface and analog IP, and a team of R&D engineers. The transaction is expected to close in the first half of fiscal 2020.
Daniele International, backed by Entrepreneurial Equity Partners, has merged with Creminelli Fine Meats LLC. The article gives no location, value or terms.
MSI Express, backed by HCI Equity Partners, acquired contract packager Power Packaging on December 31, 2019, and announced it on January 7, 2020. Power has four facilities in the Chicago area, Wisconsin and Texas, and takes the combined platform to 12 production facilities.
Glenfield and Invicta, two water sector brands and subsidiaries of the AVK Group, announced they are merging their operations from 6 January 2020. The new organization will carry the name Glenfield Invicta.
Exxelia completed the acquisition of Micropen Technologies Corporation on December 23, 2019, adding high-precision resistors and special sensors to its passive components portfolio.
Shanghai Eternal Machinery Co., Ltd (Eterna), a member of Bobst Group, acquired 70% of the equity of Yancheng Hongjing Machinery Technology Co., Ltd on January 6, 2020. Hongjing will become the competence center for folder-gluers of Eterna.
Opportunity Partners B.V. has signed an agreement to acquire a majority stake in Vaessen-Schoemaker, a Dutch developer and supplier of functional food solutions, from VascoVest B.V. The management also increased its stake in the transaction.
Industrial holding company Aurelius has acquired a majority stake in ZIM Flugsitz GmbH, a manufacturer of passenger aircraft seats based in Markdorf, Germany. The transaction is expected to close in January 2020 for an undisclosed amount.
Anika Therapeutics has signed agreements to acquire Parcus Medical, a sports medicine company, and Arthrosurface, a provider of joint surface and preservation solutions. The acquisitions aim to broaden Anika's product portfolio and commercial capabilities.
Warburg Pincus agreed to acquire Sundyne, a maker of centrifugal pumps and compressors, from BC Partners and The Carlyle Group. Terms were not disclosed and management under CEO Mark Sefcik will continue.
LyondellBasell and Sinopec signed a non-binding MOU to form a 50:50 joint venture to construct a new propylene oxide (PO) and styrene monomer (SM) unit in Zhenhai, Ningbo, China. The unit will produce 300 KTA of PO and 600 KTA of SM, with construction starting in early 2020 and start-up expected in 2022.
Brickworks North America subsidiary entered a binding agreement to acquire assets of Redland Brick Inc., including six product lines (Cushwa, Harmar, Rocky Ridge, Lawrenceville Brick, Tru-Brix) and four plants in Pennsylvania, Virginia, and Maryland. The transaction is expected to close in early 2020.
West Yost acquired Aegis Engineering Management on January 3, 2020.
Sunny Sky Products acquired AMFOTEK, a dispensed beverage manufacturer, including its 101,000-square-foot facility in Tinley Park, Illinois. The acquisition was announced on January 3, 2020.
West China Cement Ltd has agreed to acquire Namibia's Ohorongo Cement for US$104 million, following an agreement on January 3, 2020. The deal is subject to Namibian regulatory approval and must be completed by March 31, 2020.
Holmatro Group, a supplier of hydraulic equipment for rescue, industrial and special tactics applications, has joined Madison Industries, a privately held company. The acquisition aligns with both companies' missions.
NSA Industries, operating as Momentum Manufacturing Group, acquired Franklin, NH-based Vitex Extrusion, an aluminum extrusions, machining, and fabrication services provider. The acquisition expands NSA's capabilities into aluminum extrusions.
Air Pros Residential and Commercial Air Conditioning Services acquired Fort Myers-based Bruno Total Home Performance, increasing its customer base by 55,000. This is Air Pros' third acquisition in 60 days.