Westinghouse Electric Company signed a definitive agreement to acquire Rolls-Royce's Civil Nuclear Systems and Services business in North America, expanding Westinghouse's capabilities in digital, engineering services, plant automation and monitoring systems, field services and manufacturing. Rolls-Royce operates 11 sites in Canada, France, the UK and the US.
Advanced Construction Technology Services (ACTS) announced the acquisition of CQRA, a Pune-based construction management company, and a strategic partnership with Durocrete Engineering Services (DESPL) to expand operations in India.
Zeppelin Group will take over distribution and service of Caterpillar construction and mining equipment in Sweden, Denmark and Greenland, as well as MaK engines in the Baltic states, Finland, Iceland and the Faroe Islands, from Pon Group via an asset deal.
IIOT-OXYS Inc. announced the execution of a Letter of Intent to acquire Infinite Automation Systems Inc., an innovator of IIoT software and global data acquisition systems.
DFI Inc. approved a joint venture on September 23, 2019, to invest NT$460 million to acquire a 20.49% stake in Ace Pillar Co. through a private placement, including Ace Pillar's dealerships with 30 key components brands in Taiwan, Japan and Europe.
Fincantieri acquired an effective 51% stake in STX France (now Chantiers de l'Atlantique), with Naval Group holding a 10% share. The two companies plan to form a joint venture under the 'Poseidon' project to reinforce naval cooperation.
CIE Automotive acquired Somaschini S.p.A., an Italian precision gear manufacturer, for approximately 79.6 million euros. The acquisition was announced in September 2019 and completed by January 2020.
Körber AG acquired a majority stake in Cohesio Group Ltd., an integrator of logistics systems including robots, based in Melbourne, Australia. The transaction was completed on September 20, 2019.
G&W Electric Co. acquired Tozzi Electrical Equipment, a manufacturer of electrical equipment and panels for low and medium voltage, headquartered in Foggia, Italy.
Enpro Industries acquired LeanTeq Co., Ltd. and LeanTeq LLC for $305 million, subject to working capital adjustment and net debt reduction. The deal, completed in September 2019, adds semiconductor equipment refurbishment capabilities to Enpro's Technetics Group.
Arconic Inc. agreed to sell its UK forging business, including four plants at Darley Dale, Meadowhall, River Don, and Provincial Park, to Aero Forgings Bidco Ltd. for $62 million. The transaction is expected to close in Q4 2019.
United Microelectronics Corporation (UMC) received final approval and completed the full acquisition of Mie Fujitsu Semiconductor Limited (MIFS), a 300mm wafer foundry joint venture.
Power Electrics (Bristol) Ltd acquired Power Electrics Ltd (trading as PE Generators), expanding from four to six depot locations and increasing generator hire capacity by over 30%.
NIBCO agreed to acquire the entire Milwaukee Valve Company, including its products, facilities and assets, with the deal expected to close in the fourth quarter of 2019 pending regulatory approvals. Terms are confidential.
North Branch Capital's portfolio company Randazzo merged with Vredevoogd Heating and Cooling, based in Grandville, Michigan, marking North Branch's eleventh transaction since 2014.
ORAFOL Europe GmbH acquired Kay Automotive Graphics, including its subsidiaries Kay Premium Marking Films and Kay Graphicas Automotrices, to strengthen its position in the solid-color wrap and OEM automotive markets.
Elutriate Systems and Aries Tek LLC announced the merger of their business operations to offer turnkey wastewater solutions for wine and brewery industries. The combined entity will operate under the Aries Tek brand.
Align Capital has acquired Southwest Elevator Co., a Texas-based company. The acquisition was announced on September 24, 2019.
The AUNDE Group will take over 100% of the shares of Reinert Kunststofftechnik, which has facilities in Bissingen, Germany and Oradea, Romania. The acquisition expands AUNDE's capabilities in plastic injection molding for vehicle interiors. Completion is planned for end of 2019, subject to antitrust approvals.
Greenland Acquisition Corp, a SPAC, signed a share exchange agreement to acquire 100% of Zhongchai Holding, a provider of transmission systems for material handling equipment in China. Zhongchai will become a wholly-owned subsidiary.
Zimmer Biomet acquired SIG Medical, developer of the AdvantageRib System, a minimally invasive rib fixation system. Terms were not disclosed.
Brenntag announced the acquisition of 100% of the shares of Neuto Chemical, a Taiwanese specialty and industrial chemicals distributor. The deal is expected to close in the first half of 2020.
Frans Bonhomme announced the signing of an agreement to acquire DMTP (known as Point.P TP), the public works distribution subsidiary of Saint-Gobain Distribution Bâtiment France, for an undisclosed amount. The deal creates a leader in specialized network and pipeline distribution with 438 outlets in France and Spain and combined revenue of nearly EUR 850 million.
Sumitomo Corporation acquired shares of ASAMA GIKEN, an automotive brake parts manufacturer, from Honda Motor, making ASAMA GIKEN a member of the Sumitomo Corporation Group. The three companies (Sumitomo Corporation, KIRIU, and ASAMA GIKEN) started considering integration with a kickoff event on September 2, 2019.
Berlin Packaging announced the acquisition of Vetroservice srl, a packaging supplier of glass containers and closures serving the food and olive oil sector in central Italy. It is Berlin's third acquisition in 2019.
Thermador Groupe announced exclusive negotiations with the shareholder of regional competitor Eurobinox to buy back its shares. Eurobinox, based near Lyon, makes valves, fittings and tubes and had turnover of EUR 14.5 million last year.
Hyundai Motor Group signed an agreement for a $4 billion 50:50 joint venture with Aptiv Technologies Limited to develop and commercialize next-generation autonomous driving technologies.
Financially troubled German turbine manufacturer Senvion entered an agreement with Siemens Gamesa to discuss the sale of some assets as part of insolvency plans.
Osisko Gold Royalties is buying all shares it does not already own in Barkerville Gold Mines for C$338 million (about $255 million), gaining access to the Cariboo gold project in British Columbia.
Merck KGaA completed its acquisition of Intermolecular, Inc., a California-based advanced materials innovation company, for $1.20 per share in an all-cash transaction representing an equity value of approximately $62 million. Approximately 90 employees at Intermolecular's R&D site in San Jose, California will join Merck KGaA's Performance Materials business.
DexKo Global Inc., a leader in trailer running gear and chassis assemblies, acquired Safim S.p.A., an Italian manufacturer of hydraulic braking system components for off-highway equipment. Financial terms were not disclosed.
H. Gautzsch Großhandel Bayern GmbH & Co. KG acquired a majority stake in Technid Handel GmbH, a Vienna-based wholesaler of electrical materials for construction sites, effective October 1, 2019.
Unifrax, backed by Clearlake Capital, signed a definitive agreement to acquire the assets of Shenyang JiuQing Dongxiang Glass Product Co. Ltd, a provider of high-performance specialty fibers in China, from the Li family. Financial terms were not disclosed.
DuPont Safety & Construction signed an agreement to acquire the Ultrafiltration Membrane business from BASF, including inge GmbH and its headquarters and production site in Greifenberg, Germany. The transaction is expected to close by the end of 2019.
Shaktiman and Grimme announced a 50:50 joint venture to develop and market potato and other root crop machines in India, leveraging Grimme's German technology and Shaktiman's manufacturing capabilities.
Aptiv and Hyundai Motor Group announced a 50:50 joint venture to develop and commercialize Level 4 and 5 autonomous driving technologies. The joint venture is valued at USD 4 billion, with Hyundai contributing USD 2 billion in cash and services.
Interpump signed a binding agreement to acquire 100% of Reggiana Riduttori through a share exchange, based on an agreed enterprise value of EUR 125 million. Closing is expected by end of 2019, subject to due diligence.
Consolidated Container, through its Altium Packaging Canada business, acquired Quebec-based Plastique Micron and its affiliates IMBC Blowmolding and Les Produits de Plastique Action. The exact date was not given in the article.
Double E Company LLC, a portfolio company of River Associates Investments, has acquired Schlumpf Inc., a provider of material handling solutions for rolled goods manufacturing. The acquisition closed on September 20, 2019. Terms were not disclosed.
Montrose Environmental Group has acquired Emerging Compounds Treatment Technologies (ECT2) from Haley & Aldrich, Inc. Terms were not disclosed.
Benvic Europe SAS has closed the acquisition of Dugdale Compounds Limited, a UK-based PVC compounder, for an undisclosed amount. Dugdale has 125 employees and generated £36 million in revenue in 2018.
Derichebourg, a French environmental services company, announced the acquisition of Grupo Lyrsa, the Spanish leader in metal recycling, with annual sales of approximately EUR 425 million and 600 employees. The deal is subject to approval by Spanish competition authorities and is expected to close by end of 2019.
Elmos Semiconductor AG signed an agreement to sell its stake in Silicon Microstructures Inc. (SMI) to Measurement Specialties Inc., a subsidiary of TE Connectivity Ltd., based on a net debt-free enterprise value of USD 95.0 million. Closing is expected in 2019.
Freudenberg, a global technology group, has made an offer to acquire 100% of the shares in Low & Bonar PLC, a UK-based manufacturer of technical textiles, for approximately GBP 350 million in sales. The acquisition aims to strengthen Freudenberg's nonwovens business and expand its technical expertise.
CQMS Razer agreed to acquire the mining products and associated IP of California-based Berkeley Forge & Tool, including patents and trademarks, to expand its global market presence.
II-VI obtained antitrust clearance from China for its acquisition of Finisar, with closing expected on or about September 24, 2019. The deal has an equity value of approximately $3.2 billion.
Jan Richtárik, co-founder of CNC TVAR, became the majority owner of the company through its parent company, consolidating ownership and management. CNC TVAR is a Czech CNC machining firm specializing in hydroenergy, mold machining, and aerospace components.
Partners Group agreed to acquire a 50 percent stake in EnfraGen, a Latin American specialty power generation developer, from Glenfarne Group. The transaction includes a primary capital infusion to fund EnfraGen's acquisition of the Termoflores gas turbine asset in Colombia.
Marvell Technology Group completed its acquisition of Aquantia Corp. for approximately US$452 million, combining Marvell's networking solutions with Aquantia's Multi-Gig automotive PHYs.
Investment company Halder acquired a majority stake in Drumag Fluidtechnik, a pneumatics and hydraulics specialist, and EPH Elektronik, a power and control electronics manufacturer, as part of a succession plan.