UK Research and Innovation awarded a contract to X-Fab MEMS Foundry GmbH for the purchase of CMOS Image Sensors - T1000-14 ASIC, valued at EUR 55,761. The contract was signed on March 19, 2025.
Caltius Structured Capital provided debt and equity financing to Frazier Aviation, a manufacturer of aftermarket military aircraft components, to support a strategic partnership with Seven Point Equity Partners.
EPIQ Machinerie has acquired 50% of the shares of Indian company FAFECO, a producer of cranes and overhead cranes. The acquisition adds 180 employees and consolidates access to Indian, Middle Eastern, and European markets.
Autumn Construction Services has been awarded a three-year contract by the Metropolitan Water Reclamation District of Greater Chicago to provide HVAC and refrigeration parts and services across multiple facilities. The contract amount is $924,180.
Lantech has expanded its Louisville, Kentucky manufacturing facility to include production of modular case erector machines, mirroring its Netherlands operations. The first modular case erector was built on the new production line in December 2024.
Lindsay Manufacturing is proceeding with a $50 million commitment over two years to modernize its facility in Lindsay, Nebraska, including a new galvanizing plant, 40,000 sq ft expansion, and Industry 4.0 technologies. The village board approved the second reading of an annexation ordinance for the new galvanizing plant site.
Haowu Co.'s wholly-owned subsidiary Neijiang Jin Hong Crankshaft Co. is investing 200 million yuan (approx. $27.6 million) to build a new energy vehicle crankshaft production line with an annual capacity of 600,000 units. The construction period is 16 months.
Sandhar Technologies' board approved the acquisition of the high-pressure and low-pressure aluminum die-casting businesses of Sundaram-Clayton Ltd. at its Hosur, India plant.
Passavant Energy & Environment Ltd., a subsidiary of Drake and Scull International, won a contract from Maharashtra Industrial Township Limited for a 70 MLD water treatment plant and pipeline in AURIC Bidkin Industrial Area, India. The contract includes 10 years of O&M and is valued at approximately $46 million.
Rodacciai is building two new production plants in Bosisio Parini, Italy: a cold stamping plant for carbon and special steel coils (40,000 tonnes/year capacity) and an aluminum processing plant (3,000 tonnes/year capacity). Total investment exceeds 20 million euros.
SK On will supply batteries for Nissan's next-generation electric vehicles built at Nissan's Mississippi factory. Supply will begin in 2028 and last six years.
Thales won a contract from Naval Group to supply the entire sonar and acoustics suite for the Royal Netherlands Navy's four Orka-class submarines. The contract value is between €100 million and €1 billion.
Patricia Industries' subsidiary Advanced Instruments entered a definitive agreement to acquire Nova Biomedical from its founding shareholders for an enterprise value of $2.2 billion. The combined business will operate under the Nova Biomedical name, with 2024 sales of $621 million.
Passavant Energy & Environment, a German subsidiary of Drake and Scull International, won a contract worth 169 million UAE dirhams ($46 million) from Maharashtra Industrial Township Limited to build a 70 million litres per day water treatment plant and pipeline in AURIC Bidkin Industrial Area, Maharashtra, India. Completion is within 36 months.
Kwangmyung Electric signed a contract with Korea Hydro & Nuclear Power to supply 480V motor control panels for Shin-Hanul Units 3 and 4. The contract is worth 570 billion won, with a term from March 18, 2025 to April 30, 2029.
SMEC (SMACK) acquired Hyundai Wia's machine tool division for approximately 340 billion won, jointly with private equity firm Rilson PE. SMEC invested 118.3 billion won for a 34.8% stake.
Kwangmyung Electric (Gwangmyeongjeon) signed a contract with Korea Hydro & Nuclear Power (KHNP) to supply 480V motor control panels for Shin-Hanul Units 3 and 4. The contract is worth 570 billion won, representing 35.36% of 2023 sales, with a term from March 18, 2025 to April 30, 2029.
Danfoss Editron and Lappeenrannan Yritystila signed an agreement to build and lease a new carbon-neutral production and office building in Lappeenranta, Finland. Construction starts August 2025, completion by end of 2026.
Sanathan Textiles, through subsidiary Sanathan Polycot, is establishing a greenfield polyester yarn manufacturing facility in Wazirabad, Punjab with an investment of Rs 726 crore. Capacity will expand from 550 to 1,500 tonnes per day. First phase expected operational in fiscal 2025, full completion by fiscal 2027.
Columbus McKinnon won a bid to supply montrac precision conveyance technology for PowerCo's gigafactories in St. Thomas, Canada and Valencia, Spain. The contract has over $100 million of order potential over the next few years.
EPIQ Machinery acquired a 50% stake in FAFECO Group, an Indian crane manufacturer. FAFECO operates three facilities in Pune with annual capacity of 100 cranes.
Huali Co., Ltd. subsidiary Jiangsu Nolai Smart Water Equipment Co., Ltd. plans to invest 154 million yuan to build a smart water equipment R&D and manufacturing project. Construction is expected to be completed by May 2026.
Fraunhofer-Gesellschaft awarded Popp & Lausser GmbH a €913,870 contract for procurement and installation of a comprehensive refrigeration system. Work is scheduled from August 4, 2025 to December 30, 2026.
Hangcha Group finalized a land purchase agreement for over 35,000 square meters at WHA Eastern Seaboard Industrial Estate 3 in Thailand to build a state-of-the-art plant with an annual production capacity of 10,000 forklifts, serving Southeast Asian demand.
Panasonic delivered six absorption chillers (natural chillers), including one waste-heat recovery type, for the supply and treatment facilities of the 2025 Osaka-Kansai Expo. The chillers will provide cooling water for EXPO Hall, EXPO Messe, and the Gas Pavilion.
VME, a 60%-owned subsidiary of Winsan Medical (01612), entered into a procurement agreement with VRDG for the supply of healthcare and wellness products from March 19, 2025 to December 31, 2027.
HII received a $182 million task order from the US Air Force to provide logistics support for F-16 training devices. The five-year contract will be led by HII's Mission Technologies segment in partnership with Trident Military Systems in Mesa, Arizona.
Royal HaskoningDHV won a contract from Nova ETE Parque Novo Mundo Consortium to supply Nereda wastewater purification technology for SABESP's Parque Novo Mundo WWTP in São Paulo, Brazil. The project is part of the Integra Tietê program and will expand capacity by 3.5 times, with the plant operational in 2027.
Atlas Copco opened a 25,000 m2 manufacturing facility in Talegaon, Pune, India, making air and gas compressors, air dryers, gas generators and medical filters, representing an investment of around US$17 million.
Q2 Artificial Lift Services completed its acquisition of Lufkin Industries' North American downhole business, including pump shops in Canada and the U.S. and manufacturing operations in Red Deer, Alberta and Midland, Texas, on March 19, 2025.
Saica Group's flexible packaging division Saica Flex unveiled a €7.1 million investment in new printing and conversion equipment at its Wigan site, aiming to create up to 20 local jobs.
Spokane Valley builder of paperboard-packaging equipment Alliance Machine Systems International agreed to acquire Systec Corporation of Indianapolis and Automatan LLC of Plover, Wisconsin, with completion expected by month end; terms undisclosed.
Louisiana-based energy services company Danos acquired substantially all assets of X-Pro LLC and its inventory-holding affiliate Surplus Valve Warehouse LLC, expanding its valve and wellhead services.
Graphic Packaging International signed an agreement making its Boardio paperboard canister available through New Jersey co-packer JJM Packaging to brands and retailers across the U.S. and Canada, with availability from Q2 2025.
Bureau Veritas has announced the acquisition of GeoAssay, enhancing its Chile mining exposure.
KROHNE held a groundbreaking ceremony on March 18, 2025, for a production expansion in Shanghai's Songjiang Economic and Technological Development Zone. The new site spans 43,000 m² and includes a production hall, warehouse, and office building.
United Performance Metals (UPM) acquired Fabrisonic, a developer of ultrasonic additive manufacturing technology based in Columbus, Ohio. The acquisition bolsters UPM's advanced manufacturing capabilities.
Lite-On Technology Group broke ground on its Lite-On Quang Ninh factory in Song Khoai Industrial Park, Quang Ninh, Vietnam on March 18, 2025. The 30-hectare complex involves a total investment of $690 million and will produce electronic components, cameras, EV chargers, and more, with a capacity of nearly 124 million products per year.
Epiroc AB won a large order from Hudbay Minerals Inc. for a fleet of battery-electric vehicles (BEVs) valued at around MSEK 100, to be used at the Lalor gold and copper mine in Manitoba, Canada. Deliveries will take place between Q1 and Q3 2025.
Sandvik Mining and Rock Solutions received a SEK320 million ($31.7 million) order from Compañia de Minas Buenaventura for 36 units of underground mining equipment, including drills and loaders, for use at three Peruvian mines. Deliveries begin Q3 2025 through Q1 2026.
The Government of Canada announced a $60 million contribution to Delpharm Boucherville Canada Inc. for a $220 million project to modernize and expand its facility in Boucherville, Quebec. The expansion will add 28,000 square feet and double production capacity to approximately 130 million units per year of sterile injectables, maintaining 450 jobs and creating 150 co-op terms.
Promise Robotics announced plans to deploy its robotic production lines at a new 60,000-square-foot existing warehouse in Calgary, Alberta, capable of producing up to 1,000,000 square feet of housing annually.
Engineers India Limited (EIL) secured an engineering, procurement, construction and management (EPCM) contract from Numaligarh Refinery Limited (NRL) for a 360 KTPA polypropylene unit at Numaligarh Refinery in Assam. The contract is valued at approximately Rs. 252.95 crore and will be executed over 36 months.
Arkema is building a new acrylic acid purification unit at its Carling plant in France, with a €130 million investment. The project will increase production capacity, improve energy efficiency by 25% and reduce carbon intensity by 20%, with the new unit coming online in 2026.
Groupe Lemoine will reindustrialize the former Marelli site in Argentan, France, to manufacture cotton-tip swabs and makeup remover pads. The project involves a €4 million initial investment (over €15 million total) and will create 70 jobs in two phases, with production starting in September 2025.
CSW Industrials agreed to acquire Aspen Manufacturing, a manufacturer of evaporator coils and air handlers for the HVAC/R industry, for approximately $313.5 million in cash. Aspen is based in Humble, Texas, and had estimated 2024 revenues of $122.4 million.
Partners Group agreed to acquire a 1.9 GW portfolio of 11 natural gas power plants in California and Middle River Power from Avenue Golden Continuation Fund for an enterprise value of $2.2 billion. The portfolio includes nine simple-cycle peaking facilities and two combined-cycle gas turbine plants.
The European Commission approved the acquisition of joint control of BGC Cementitious by Holcim (Australia) and Heidelberg Materials AG. The transaction concerns cement, concrete, asphalt and transport technology in Australia.
Metec UK won two export contracts worth over £4.5 million to supply sacrificial anodes for an offshore windfarm and an offshore substation in the North Sea. The contracts will create eight jobs and ten work placements.
FTAI Aviation acquired a 50% stake in IAG Engine Center Europe and will open a new engine maintenance site called Quick Turn Europe at Rome Fiumicino Airport, with capacity to handle 150 engines per year.