ABB signed a binding agreement to sell its 60% stake in Shanghai ABB Breakers Co., Ltd. and Shanghai ABB Guangdian Electric Co., Ltd. to joint venture partner Shanghai Guangdian Electric Group (SGEG). Financial details were not disclosed. The sale is expected to close in Q4 2019.
PSA Group and Fiat Chrysler Automobiles have confirmed plans to merge on a 50/50 basis, creating a combined entity with estimated synergies of €3.7 billion annually, with no plant closures expected.
Bombardier announced a definitive agreement to sell its aerostructures business to Spirit AeroSystems for $500 million in cash and the assumption of over $700 million in liabilities. The deal includes facilities in Belfast, Casablanca, and Dallas.
Groupe PSA and Fiat Chrysler Automobiles announced plans to merge on equal terms to create a new global automotive group called Stellantis. The merger was announced on October 31, 2019.
Wilsonart Engineered Surfaces announced a definitive agreement to sell its Wilsonart Asia business to Aica Kogyo Co. and Development Bank of Japan for $150 million. The transaction is expected to close in Q4 2019.
Ardagh Group completed the merger of its Food & Speciality can business with Exal Corporation to create Trivium Packaging, jointly controlled by Ardagh and the Ontario Teachers' Pension Plan Board. The deal was completed on 31 October 2019.
Ardagh completed the combination of its Food & Specialty Metal Packaging business with Exal Corporation to form Trivium Packaging, holding about 43% and receiving $2.5 billion in cash.
Aica Kogyo Company and Development Bank of Japan entered a definitive agreement to acquire Wilsonart's businesses in Thailand, China, Australia and Asia from Wilsonart International Holdings for ¥16.2 billion. Aica Kogyo will hold 51% and DBJ 49% in most entities.
TransAlta Corporation agreed to acquire two 230 MW Siemens F class gas turbines and related equipment from Kineticor Holdings for $84 million, and will assume long-term power purchase agreements with Shell Energy North America starting in late 2023. The turbines will be redeployed to repower Sundance Unit 5 as a combined cycle unit.
SeAH Besteel announced it will acquire 100% of Alcoa Korea, an aluminum materials company, for 76 billion won. The acquisition is aimed at diversifying into aluminum materials for aerospace, defense, and automotive sectors. The share acquisition date is December 31, 2019.
CEM Corporation has entered into a definitive agreement to purchase the instrumentation lines of Intavis Bioanalytical Instruments AG, based in Cologne, Germany, to strengthen its peptide synthesis and life sciences product offering.
Fifty-Ten-Yankee, LLC has agreed to acquire all assets of Soloy Aviation Solutions from Soloy, LLC, including supplemental type certificates and intellectual property. The new ownership will relocate to Olympia Airport.
Cement Company of Northern Nigeria (CCNN) and Obu Cement Company have signed a merger agreement. The combined entity will be named Obu Cement, and CCNN will be delisted.
Also Holding has completed the acquisition of Solytron Bulgaria. The deal was announced on 2019-10-30.
Clayton, Dubilier & Rice (CD&R) will acquire Anixter International, a distributor of network, electrical and utility solutions, in an all-cash deal valued at approximately $3.8 billion. Anixter shareholders will receive $81.00 per share.
Hitachi and Honda announced the merger of Hitachi Automotive Systems with Honda-affiliated Keihin, Showa, and Nissin Kogyo. Hitachi will hold 66.6% and Honda 33.4% of the combined company, creating Japan's third-largest auto parts supplier with sales of about ¥1.8 trillion.
Kraton Corp. agreed to sell its Cariflex business unit to Korea-based Daelim Industrial Co., Ltd. for $530 million. The transaction is expected to close in the first quarter of 2020.
Keane Group completed its approximately $760 million merger of equals with C&J Energy Services, creating a combined company owned about 50% by each set of shareholders.
Italian paper maker Fedrigoni has agreed to acquire self-adhesive products maker Ritrama for nearly 300 million euros, according to a source close to the matter.
ProMach acquired Jet Label & Packaging, a Edmonton-based label maker with seven offices across Western Canada, to expand its labeling and coding capabilities. The announcement was made on 30 October 2019 and no value was disclosed.
Krohne and Samson started FOCUS-ON, an equal joint venture registered in Dordrecht, Netherlands, to develop, market and produce autonomous actuators for the process industry. The announcement was dated 30 October 2019.
Metso's extraordinary general meeting approved the demerger plan and partial demerger to combine with Outotec Oyj, creating Metso Outotec. The combined company had sales of €3.9 billion in 2018, with completion expected in Q2 2020.
Manitou Group has acquired a majority stake in its UK dealer Mawsley Machinery Ltd, based near Northampton, following the retirement of the main shareholders. Mawsley Machinery had 2018 revenue of £19.2 million and 27 employees.
Yale Europe Materials Handling dealers Hispaman and Dynamo Eco Manutención have merged in Spain to form Grupo Dynamo Hispaman, offering sales and aftersales services for Yale forklifts.
Caverion signed an agreement to acquire the Refrigeration Solutions business of Huurre Group Oy, a supplier of CO2-based refrigeration systems. The acquired business had revenue of EUR 48 million in 2018 and employs 272 people in Finland and Sweden.
Sanjeev Gupta announced that his family's steel operations will be merged by the end of 2019 into a new entity, Liberty Steel Group, with $15 billion annual turnover, to prepare for a potential IPO. The group has 18 million tonnes annual output and 30,000 employees across 10 countries.
Analog Devices announced the acquisition of Test Motors, a Barcelona-based company specializing in predictive maintenance of electric motors and generators, to expand its condition-based monitoring portfolio for Industry 4.0.
Hanil Can acquired 100% of the issued shares of Samkwang Can on 29 October 2019, a spin-off of Samkwang Glass's can business sold for 51 billion KRW; the Fair Trade Commission approved the deal in May 2020.
Berlin Packaging agreed to acquire Netherlands-based Novio Packaging Group, which has about 160 employees and operations across northern Europe, adding plastic and glass packaging capacity. The deal was announced on 29 October 2019 and the value was not disclosed.
The French Competition Authority authorized the acquisition of sole control of the Bacacier Group by Kingspan Group on 28 October 2019. Both companies are active in the production and marketing of profiled metal sheets and flat and finished carbon steel products.
Dassault Systèmes SE completed its acquisition of Medidata Solutions, Inc. for approximately $5.8 billion after receiving CFIUS clearance. The merger was completed on October 28, 2019.
Diodes Incorporated announced that Lite-On Semiconductor Corporation held a Special Meeting of Shareholders on October 25, 2019, during which the proposed acquisition by Diodes was discussed. The press release was issued on October 28, 2019.
Bravida Denmark signed an agreement to acquire all shares in ICS Industrial Cooling Systems A/S, a Danish refrigeration company with 67 employees and offices in Roskilde and Vojens.
H2O Innovation announced the acquisition of Genesys Holdings Limited and its subsidiaries, a UK-based specialty chemicals group for water treatment, to build one of the largest global specialty chemicals distribution networks.
Bravida Denmark agreed to acquire all shares in ICS Industrial Cooling Systems, a Danish refrigeration company with 67 employees and offices in Roskilde and Vojens. The acquisition requires approval from Danish competition authorities.
NIBE Industrier AB signed an agreement to acquire 51% of the shares in Therm-X of California, Inc., a developer and manufacturer of temperature sensors and heating elements for the semiconductor industry, with an option to buy the remaining 49%.
Saertex has acquired TK Industries, a specialized fabric manufacturer based in Selbit, Bavaria, expanding its product range.
Worley announced the acquisition of 3sun Group, a UK-based offshore wind installation, inspection and maintenance specialist with about 250 staff, headquartered in Great Yarmouth, to join its Integrated Solutions business.
Innovia Medical acquired DTR Medical, a Wales-based manufacturer of single-use surgical instruments. Financial terms were not disclosed.
Sommer Kranverleih GmbH and KLS Kran- und Schwerlast GmbH have added three Liebherr mobile cranes (LTM 1070-4.2, LTM 1130-5.1, LTF 1045-4.1) to their fleet, stationed in Bremerhaven and Bremen. An LTM 1450-8.1 has also been ordered for delivery in spring 2020.
Stockholders of Corindus Vascular Robotics approved the acquisition by Siemens Healthineers via Siemens Medical Solutions USA. The transaction is expected to close on October 29, 2019, making Corindus a wholly owned subsidiary of Siemens Medical Solutions USA.
Wesco Aircraft Holdings Inc. stockholders voted to approve the merger with an affiliate of Platinum Equity, with Wesco Aircraft stockholders receiving $11.05 per share in cash. The merger is expected to close by end of 2019.
Sintex Plastics Technology sold its European subsidiary Sintex NP to a consortium led by Siparex, including Carvest, BNP Paribas Développement and Afric Invest, with management support.
Siemens announced plans to acquire Edge technology from US company Pixeom to strengthen its Industrial Edge portfolio with software components for Edge runtime and device management.
Nippon Light Metal North America and ITOCHU Metals agreed to form a joint venture, Nippon Light Metal Georgia Inc., in Adairsville, Georgia, to develop, manufacture and sell aluminum suspension components for automobiles. The JV will have a capital of $16 million, with NLMNA owning 90% and ITOCHU Metals 10%.
Shareholders of C&J Energy Services and Keane Group approved an all-stock merger of equals to create NexTier Oilfield Solutions Inc., a well completion and production services company. The merger is expected to close on October 31, 2019.
Suzhou Good-Ark Electronics Co., Ltd. cancelled its planned acquisition of the remaining 8% stake in AIC Semiconductor Sdn. Bhd from Atmel Corporation, AIC Corporation Berhad and AIC Technology Sdn. Bhd.
R&S Group agreed to acquire Kyte Powertech, a manufacturer of distribution transformer solutions, to broaden its geographic footprint in Ireland, the UK and Western Europe.
Rubix UK completed the acquisition of Peter Campbell Sales Ltd, a specialist supplier of metalcutting tools with sales of £8 million, operating from two sites in Scotland and North East England.
Swiss mortars and adhesives producer Sika is negotiating the takeover of Romanian company AdePlast, one of the biggest producers of building materials on the local market with a turnover of over EUR 100 million in 2018. The negotiations are in an advanced stage.