Cross Rental Services completed the acquisition of Swegon Hire UK, a Hampshire-based chiller and air conditioning hire specialist. The Swegon Hire brand will be phased out and the business will trade under Cross Rental Services.
French group Latécoère announced a non-binding offer to acquire Bombardier's electrical wiring interconnection system business, which generates about $60 million in annual revenue. Exclusive negotiations are ongoing, but no certainty of a deal.
SKF has completed the acquisition of Form Automation Solutions (FAS), a US-based software development start-up that developed GoPlant, a mobile-based asset inspection and data collection solution.
Wiik Water Company Limited, a subsidiary of Wiik & Hoeglund Public Company Limited, successfully acquired WOG ITR Water Solution Company Limited, a project SPV of WOG Group for the Patong Reuse Water Treatment Plant in Thailand.
The Vollrath Company acquired strategic assets of Albers Mechanical Contractors, expanding its custom fabrication capabilities. Vollrath will establish a new 70,000-square-foot facility in Newport, Minnesota.
Schramm II Inc., newly formed and fully owned by private equity firm Gen Nx360 Capital Partners, completed the purchase of substantially all assets of Schramm Inc. through a Section 363 bankruptcy sale. Schramm Australia was also acquired as part of the assets.
Bishop Lifting Products completed the acquisition of Louisiana Crane & Electrical Services, a manufacturer of overhead cranes and mechanical handling solutions based in Broussard, Louisiana.
Chinese steelmaker Jingye Group has exchanged contracts to acquire certain assets of British Steel from the Official Receiver, including steelworks at Scunthorpe and mills at Teesside Beam Mill and Skinningrove. Jingye plans to invest £1.2 billion over the next decade.
CUI Global and Bel Fuse entered into an asset purchase agreement under which Bel Fuse will acquire the majority of CUI Global's Power business for $32 million, plus assumption of certain liabilities.
JB Industries, an Aurora, Illinois maker of HVAC/R tools, has completed its acquisition of C&D Valve of Oklahoma City, Oklahoma. Both brands will continue to operate independently.
Funds advised by Triton have completed the acquisition of a stake in All4Labels, a Hamburg-based label manufacturer, while minority shareholder Genui Partners sold its shares. The financial terms were not disclosed.
Inphi Corporation has signed a definitive agreement to acquire eSilicon for $216 million in cash and assumption of debt. The acquisition is expected to close in Q4 2019.
Japanese Hoshizaki Corporation acquired a 28.6% stake in Turkish industrial kitchenware manufacturer Öztiryakiler. The partnership agreement was announced on November 10, 2019, with Öztiryakiler's management remaining unchanged.
German group Continental completed the takeover of Merlett Tecnoplastic, a Daverio, Italy plastics manufacturer with about 510 employees, which becomes part of its ContiTech division. The handover ceremony was held in Varese on 9 November 2019.
Standard-Knapp, Inc., a manufacturer of end-of-line packaging machines, was acquired by EoL Packaging Experts, a division of A+F Automation + Fördertechnik and portfolio company of CGS Management AG.
Koch Membrane Systems acquired Eco-Tec Inc., an ion exchange systems manufacturer, and changed its name to Koch Separation Solutions.
Lindsay Goldberg has agreed to sell VDM Group (VDM Metals GmbH) to Acerinox S.A. The acquisition is subject to antitrust approval.
SIG will acquire Visy Cartons from Visy Pak Operations, a subsidiary of Pratt Consolidated Holdings, for $70 million. The deal is expected to close during the fourth quarter of 2019, expanding SIG's Asia Pacific operations in the aseptic beverage carton market.
Austrian packaging maker Alpla acquired Spanish HDPE recycling companies Suminco and Replacal, entering HDPE recycling. Alpla has set aside EUR 50 million for its recycling expansion; the deal value was not stated.
On November 7, 2019, Groupe Rougnon acquired Air & Gen Services (AGS) and Energie Diesel Services France (EDSF), two companies specializing in maintenance, repair, rental and installation of generators, compressors and motor pumps.
Sientra acquired the dedicated FDA-approved silicone breast implant manufacturing operation in Franklin, Wisconsin from Lubrizol Life Science, including a turnkey facility in commercial scale-up.
Keycast Group divested its subsidiary Keycast Kohlswa AB to Stavanger Steel of Norway, providing integration synergies for Stavanger's consolidated foundry business.
Venus Concept Inc. completed its merger with Restoration Robotics, Inc., creating a combined medical aesthetics company. The combined company raised $28 million in private placement and will trade under ticker VERO.
PDI, a global leader in infection prevention, acquired a majority share of Tru-D SmartUVC, a maker of UVC disinfection robots. The deal was announced on November 7, 2019.
Shorehill Capital acquired an ownership interest in Triad Technologies, a Vandalia, Ohio distributor of industrial fluid power and automation products, alongside management and the Wissman family; terms were not disclosed.
Oatey acquired Keeney Manufacturing's plastic injection moulding operation in New Hampshire, distribution facilities in Georgia and Nevada, and international subsidiaries, adding the Keeney, Plumb Pak and Belanger brands.
Time Manufacturing Company/Versalift, a manufacturer of aerial lifts, acquired BrandFX, a manufacturer of composite service bodies and fiberglass components for specialty equipment. BrandFX will continue operations in Fort Worth, Texas.
York Wallcoverings, a residential and commercial wallcoverings manufacturer, acquired Hytex Industries, a supplier of acoustical wallcovering and decorative textiles for commercial interiors and industrial markets.
Cadence Aerospace, a portfolio company of Arlington Capital Partners, acquired B&E Group's OEM Manufacturing Division, a provider of complex engine components for aerospace and defense. B&E has facilities in Southwick and Westfield, Massachusetts.
Italtractor ITM SpA and DOZCO (India) Pvt. Ltd. created a joint company called ITM DOZCO Pvt. Ltd. to supply undercarriage components and track systems for earthmoving machines in India and globally.
Gabriel A/S signed a preliminary share purchase agreement to acquire 100% of German fabric-solution manufacturer Visiotex GmbH for EUR 2.5 million. Visiotex employs about 20 people and had 2018 revenue of EUR 1.6 million.
EMS acquired Jacon, a designer and manufacturer of mobile concrete equipment for mining, tunnelling and civil construction industries. The article notes strong synergies between the two companies.
Sister companies AJ Adhesives and Mid-America Packaging acquired Holmes, Pa.-based Evco Industries.
Gabriel Performance Products, a U.S.-based specialty chemicals company, announced the acquisition of a select portfolio of alkyd resins from Deltech Resin Co.
Aircastle Limited entered into a definitive agreement to be acquired by affiliates of Marubeni Corporation and Mizuho Leasing for $32 per share, valuing the company at approximately $2.4 billion. The transaction is expected to close in the first half of 2020.
Atlas Copco has acquired the WestRon Group, a Canadian distributor focused on sales, installation and service of small industrial compressors and blowers. WestRon is based in Calgary, Alberta, has 26 employees and its purchase price was not disclosed.
SIG Combibloc agreed to acquire Visy Cartons Pty Ltd from Pratt Consolidated Holdings' VisyPak unit for AU$70 million, subject to customary conditions. Visy Cartons produces SIG aseptic cartons under licence in Australia and New Zealand.
SureWerx USA acquired Sure Foot Corporation, the company behind the Due North brand of winter traction aids, based in North Dakota.
Cooper Machinery Services, a portfolio company of Arcline Investment Management, completed the acquisition of Reciprocating Technology Services (RTS), a TTS Energy Services company.
Angeles Equity Partners acquired Crenlo Cab Products from KPS Capital Partners and Worthington Industries Engineered Cabs from Worthington Industries, merging them into a combined business majority owned by Angeles.
CNH Industrial announced its agreement to acquire ATI Inc., a global manufacturer of rubber track systems for high horsepower tractors and combine harvesters. The acquisition includes ATI's engineering and manufacturing plant in Mt. Vernon, Indiana.
SECO Group signed an agreement to acquire 100% of InHand Electronics, a Maryland-based provider of low-power embedded systems and software for OEMs. The acquisition is subject to CFIUS approval.
VINCI Energies is acquiring Converse Energy Projects GmbH, a Schneider Electric subsidiary specializing in turnkey industrial power distribution systems in Germany. Converse has 300 employees and annual revenue of about €140 million.
Bravida Danmark A/S notified the Danish Competition and Consumer Authority of its planned acquisition of all shares in ICS Industrial Cooling Systems A/S, gaining sole control. ICS specializes in custom industrial cooling and heat pump systems.
Italtractor ITM SpA and DOZCO (India) Pvt. Ltd. announced the creation of a joint venture, ITM DOZCO Pvt. Ltd., to manufacture undercarriage components for earthmoving machines in India. The venture will serve both local and global customers.
Grammer AG signed a joint venture agreement with CHANGCHUN FAWSN GROUP CO., LTD. to establish GRAMMER FAWSN Vehicle Parts Co., Ltd. Grammer will hold 50% of the joint venture, which will develop and produce automotive interior components for FAW Group vehicles.
Marvell completed its acquisition of Avera Semiconductor, the ASIC business of GLOBALFOUNDRIES, for a net deal consideration of approximately $600 million.
ASDAM, an Australian defence and advanced manufacturing company owned by CPE Capital, acquired Levett Engineering, a precision component manufacturer for aerospace and defence. Levett will join the ASDAM group alongside Marand Precision Engineering.
Schumacher Packaging Group took over packaging manufacturer Jaffabox Ltd, based in Birmingham, England, on 5 November 2019.
Fluid power distributor SunSource joined forces with The Hope Group, a Northborough, Massachusetts distributor of hydraulics and pneumatics, as announced in a letter to customers and vendors on November 5, 2019; the deal was announced internally on October 31, 2019.