Fortum entered into agreements to acquire over 20.5% of Uniper from Elliott and Knight Vinke for approximately EUR 2.3 billion, increasing its total stake to over 70.5% and total investment to about EUR 6.2 billion. Closing is expected by end of Q1 2020, subject to regulatory approvals in Russia and the US.
China Baowu Iron and Steel Group and Ma Gang (Group) Holding Co., Ltd. signed a restructuring implementation agreement. Anhui SASAC will transfer 51% of Masteel Group shares to China Baowu, making Baowu the indirect controlling shareholder of Masteel.
Evoqua Water Technologies has acquired a majority investment position in San Diego-based Frontier Water Systems, a pioneer in biological treatment for removal of selenium and other metals from complex waste streams.
Geely Auto and Volvo Car Group plan to consolidate their combustion engine businesses into an independent supplier that will produce 2 million engines annually. The merger is still being planned and requires approvals.
AptarGroup has signed an agreement to acquire a 49% equity stake in three BTY-related companies, which are leading Chinese manufacturers of decorative metal components and full color cosmetics packaging. The deal is expected to close by the end of 2019.
French rental group Kiloutou has acquired Italian aerial lift and fork truck rental company Sticar, strengthening its position in northern Italy. Sticar operates from nine locations with 76 employees and a fleet of 850 aerial work platforms and 475 industrial fork trucks.
NMCN acquired Norfolk-based Lintott Control Systems, a manufacturer of digitally-integrated equipment and process software, for up to £3.7 million subject to a three-year earn-out.
SKF Group agreed to acquire Haifa-based Presenso Ltd., a developer of predictive machine learning algorithms for anticipating industrial machine failures. Financial details were not disclosed. All Presenso employees will be integrated into SKF.
Dialog Semiconductor has agreed to acquire Creative Chips GmbH, a fabless semiconductor company in Germany, for $80 million in cash, with up to $23 million contingent on revenue targets. The deal strengthens Dialog's industrial IoT capabilities.
Aernnova Aerospace has acquired GE Aviation's Hamble facility in the UK, a supplier of aerospace components, and also acquired assets in Suzhou, China. The deal is expected to increase Aernnova's annual revenues by approximately US$200 million.
Irish packaging firm Zeus announced its €12 million acquisition of two UK companies, paper and polythene distributor Smith Bateson and food services packaging business Van Der Windt. The combined turnover of the two is €39.5 million.
Macclesfield-based Franchise Brands acquired WPL Group Holdings and its subsidiaries Willow Pumps and Willow Drainage for £12.5m, with an initial consideration of £5m. The business supplies, installs and services water pumps.
Alma Automotive announced the acquisition of 100% of the shares of Borghi & Saveri, a historic manufacturer of engine test benches based in Bologna, Italy. The acquisition aims to strengthen Borghi & Saveri's positioning in the evolving automotive market.
Seequent, a geoscience technology company, announced the acquisition of GEOSLOPE, a Canadian developer of geotechnical analysis software GeoStudio. The deal brings together geoscience tech solutions for engineering and design workflows.
Ada Sand & Gravel, a supplier of construction materials in Boise, Idaho, was acquired by Greybull Stewardship and Gemstone Capital.
CESI has signed an agreement to acquire KEMA Laboratories from DNV GL, including high-voltage and high-power testing and inspection activities in Arnhem (NL), Prague (CZ), and Chalfont (USA). The transaction is expected to close at the end of 2019.
EMCOR Group has entered into a definitive agreement to acquire Batchelor & Kimball, a provider of mechanical construction and maintenance services, in an all-cash transaction. The deal is expected to close by end of 2019, with BKI contributing approximately $400 million in revenue in 2020.
FLIR Systems acquired a number of assets including patents related to Aria, aiming to merge ground and drone robots for military applications. The assets had links to iRobot Corp.
DuPont de Nemours agreed to purchase the Memcor business, including ultrafiltration and membrane biofiltration technologies, from Evoqua Water Technologies. The deal includes the manufacturing site in Windsor, Australia, and related IP. Financial terms were not disclosed.
Precision engineering firm ELE Advanced Technologies underwent a secondary buyout backed by LDC, with the management team led by CEO Manesh Pandya. ELE manufactures components for aerospace, industrial gas turbines and commercial diesel sectors.
Spanish aerostructures firm Aernnova has signed an agreement to purchase GE Aviation's Hamble, UK-based business. The acquisition is expected to increase Aernnova's long-term revenues by about $200 million per year.
Linde AG agreed to acquire a 20% stake in ITM Power for £38 million as part of a £52 million fundraising. The two companies also formed a 50/50 joint venture to deliver green hydrogen to large-scale industrial projects.
Paper Converting Machine Company (PCMC), part of Barry-Wehmiller, acquired STAX Technologies, a Serbian manufacturer of tissue packaging equipment including wrappers, bundlers, casepackers and palletizers.
ALTANA acquired the international business of Office Color Science Co., Ltd. (OCS), a provider of computer color matching and formulation software.
Pedro Resources Ltd. entered a non-binding term sheet to purchase all assets of Enercube Switchgear Systems Inc. and PowerHaz Energy Mobile Solutions Inc., subsidiaries of CellCube Energy Storage Systems Inc., for $1.75 million in cash and securities.
Engineered Specialty Products (ESP) announced the acquisition of Weksler Glass Thermometer Corporation (WGTC), a provider of industrial and bimetal thermometers for the HVAC market, mainly in the Eastern U.S.
AMCS, an Irish supplier of software for the waste and recycling industry, acquired PieterBas Automatisering in the Netherlands. The acquisition adds PieterBas's customer base and technology to AMCS's portfolio.
Gazprom energoholding (GEH) plans to buy power equipment manufacturer REP Holding from Gazprombank. The parties are expected to sign the main terms of the deal on October 3, 2019.
Trinseo completed the acquisition of Dow's latex production facilities and related infrastructure in Rheinmunster, Germany. The deal includes full ownership of two latex plants and about 108 employees.
The ARDEX Group acquired a strategic stake in Ceramfix, a Brazilian manufacturer of tile installation products. Ceramfix will remain an independent company within the ARDEX Group.
China's Huaxin Cement purchased Maweni Limestone from Athi River Mining (ARM) Cement in Tanzania for $116 million, subject to regulatory approval.
Bruker announced the acquisition of the Magnettech EPR business from Freiberg Instruments GmbH, along with a long-term EPR supply partnership. Financial details were not disclosed.
Conditioned Air Company of Naples announced the acquisition of Honest Air Conditioning of Venice. Honest Air will operate as a division of Conditioned Air, expanding its presence in Sarasota County, Florida.
Azelis has signed an agreement to acquire 100 percent of Orkila, a specialty chemicals and food ingredients distributor focused on Africa and the Middle East. The transaction is expected to be completed in the next four months.
Siam Styrene Monomer Co., Ltd. (SSMC), a joint venture between Dow and SCG Chemicals, announced an adjustment of capital structure in MTP HPPO Manufacturing Co., Ltd (MHPPO). Effective immediately, Dow secures full ownership of MHPPO, which produces propylene oxide for polyurethane manufacturing in Rayong, Thailand.
Cutix Plc has announced a plan to acquire Adswitch Plc, a related electrical switchgear company that was delisted from the Nigerian Stock Exchange in 2016. The acquisition is intended to enhance business expansion and boost profitability.
Titan Mining made a new takeover offer for Core Gold, offering 2.5 Titan shares per Core share, valuing Core at C$0.422 per share, a 164% premium. The offer is open for 105 days.
Cantel Medical Corp. completed its acquisition of Hu-Friedy Mfg. Co., LLC, a global manufacturer of dental instruments and reprocessing workflow systems. Hu-Friedy will be combined with Cantel's dental division, Crosstex.
Precision Motors Deutsche Minebea GmbH, the European subsidiary of Minebea Mitsumi, acquired Mast Kunststoffe GmbH & Co. KG, a plastic processing company specializing in precision parts. The acquisition is subject to antitrust approval.
TCL实业控股 (Hong Kong) holds 48.66% of Tonly Electronics after a restructuring and will make a mandatory cash offer of HKD 5.89 per share. The restructuring involved TCL Group selling assets for CNY 4.76 billion.
Rockwell Automation and Schlumberger closed their joint venture Sensia, an oil and gas automation solutions provider. Rockwell owns 53% and Schlumberger 47%, with Rockwell paying $250 million cash. Sensia is headquartered in Houston, Texas.
Sterling Construction Company completed its acquisition of Plateau Excavation, Inc., a specialty contractor based in Austell, Georgia, for $400 million ($375 million cash and $25 million in stock and seller notes).
Construction Supply Group, a portfolio company of The Sterling Group, acquired Construction Materials, a wholesale distributor of specialty building products for concrete contractors in the Southeastern US. The acquisition expands Construction Supply's presence in Florida, Georgia, Alabama, and Texas.
Private investment firm Graham Partners acquired VPET Plastics, a PET packaging producer headquartered in Fontana, California, announced to customers on October 2, 2019.
TOP Packaging, a THIMM and Saica joint venture, took over United Packaging SA, a corrugated cardboard packaging works near Wroclaw in Skarbimierz, Poland, effective October 1, 2019.
Taiwan's Hiwin Corporation has acquired UK thread grinding machine builder Matrix Machine Tool. The acquisition has brought new investment, additional employment, and a move to a new 54,000 ft² factory in Coventry, UK, in October 2019.
Metso completed the acquisition of McCloskey International in October 2019, bringing together two mobile crushing and screening equipment manufacturers. McCloskey and its subsidiary Lippmann-Milwaukee will operate independently under Metso.
Evoqua Water Technologies announced an agreement to divest its Memcor membrane product line to DuPont Safety & Construction. The transaction includes the product line's global workforce, manufacturing site in Windsor, Australia, and associated IP, expected to close by end of 2019.
nepes Corporation has reached an agreement to take over the operations of Deca Technologies' Philippines manufacturing facility, expanding its geographic footprint and manufacturing capabilities.
Advanced Energy acquired Artesyn Embedded Power, forming a combined company with over $1.3 billion in revenue and nearly 20% EBITDA margin, enhancing capabilities in power conversion.