Mammoet and ALE confirmed they are negotiating a purchase agreement under which Mammoet would acquire ALE, a British heavy lift and transport specialist.
Cisco agreed to acquire Acacia Communications, a supplier of high-speed optical interconnect technologies, for $70 per share in cash, or approximately $2.6 billion net of cash and marketable securities.
Gelest announced the acquisition of Bimax, a manufacturer and marketer of specialty monomers and polymers for coatings, adhesives, and advanced technology applications. Bimax will continue to operate under its own name.
PiovanGroup finalized the acquisition of ToBaPNC, a South Korean company that automates industrial processes for plastics, especially plastic powder transport. The deal expands Piovan's presence in South Korea.
Dussur, Saudi Aramco and Hyundai Heavy Industries signed a joint venture to manufacture 2-stroke and 4-stroke marine engines, electric power plant engines and marine pumps at Ras AlKhair in Saudi Arabia's Eastern Province. The venture is expected to create over 720 jobs.
Carlisle Companies Incorporated acquired Ecco Finishing, a Swedish manufacturer of painting equipment and sealing applicators, to expand Carlisle Fluid Technologies' sealants and adhesives portfolio.
Emerson has completed the purchase of Zedi's software and automation businesses, including a cloud SCADA platform for oil and gas producers. Zedi's businesses are based in Calgary, Canada, with about 155 employees.
ITT has acquired Matrix Composites, Inc., a specialty aerospace component manufacturer located in Rockledge, Florida. Matrix specializes in precision composite components for aircraft and aircraft engine platforms.
Siemens has agreed to acquire Industrial Control Technology (IST), a producer of industrial control technology. IST will become part of Siemens' Digital Industries division in April 2020.
SPX Corporation has completed the acquisition of SGS Refrigeration Inc., a manufacturer and distributor of industrial refrigeration products based in Dixon, Illinois. SGS's 2018 annual revenues were approximately $15 million.
Sumitomo Corporation has reached an agreement with Honda Motor Co., Ltd. to acquire shares of Asama Giken Co., Ltd., a manufacturer of automotive brake components. Asama Giken supplies brake discs and drums mainly to Honda and has bases in Japan, the United States, and Indonesia.
The European Union has approved the acquisition of American Standard Iron and Steel Holding Company by Sumitomo and Nippon Steel. The target produces forged steel wheels and axles for freight rail and rolling stock, mainly in North America.
Gardner Denver Holdings acquired Oina VV AB, a Stockholm-based maker of customized peristaltic pump solutions for medical, process and industrial uses, for a net purchase price of about US$10 million funded from cash on hand. Oina will join Gardner Denver's Medical Segment.
South Korean fabless chipmaker Dongwoon Anatech acquired a 40% stake in its China-based joint venture Shenzhen Challwoon Semiconductor for 3.7 billion won ($3.1 million). The deal was fulfilled in early July 2019.
Metso and Outotec agreed to combine Metso Minerals and Outotec to create a leading company in process technology, equipment and services for minerals, metals and aggregates. The combined company will be named Metso Outotec.
European antitrust regulators have opposed Hindalco Industries' acquisition of aluminum producer Aleris Corp, citing concerns about reduced competition and higher prices for automotive aluminum plates.
ERM Power Limited agreed to acquire a 50% stake in Alliance Automation for AUD 8.1 million on July 5, 2019. The transaction was financed from existing facilities and completed on the same day.
Pusterla 1880 Group agreed to acquire Cavalieri & Amoretti and its subsidiaries, adding luxury round-box secondary packaging capacity. Founder Gianluca Cavalieri keeps a minority stake. The deal value was not disclosed.
Aveng Limited agreed to sell its Aveng Dynamic Fluid Control valve and pump business, with operations in South Africa, Finland, USA, Brazil and Australia, to Copaflo for R165 million. The deal is expected to close by 31 October 2019.
Czech group EPH has finalized the acquisition of Uniper France from Uniper, including gas and coal power plants, a biomass plant, and wind and solar parks. The deal was signed on July 4, 2019.
Japan-based Teijin Limited has agreed to wholly acquire Benet Automotive s.r.o., an automotive composite and component supplier in the Czech Republic, from Jet Investment. Terms were not disclosed.
Sony Semiconductor Solutions has acquired Mido Holdings Ltd, a network virtualisation technology developer, making it a wholly-owned subsidiary to combine virtualisation with image sensor technology for edge computing.
EPH, through its subsidiary EP Power Europe, has signed agreements to acquire Uniper's French activities, including gas-fired, coal-fired, biomass, wind, and solar power plants, for an undisclosed amount.
Leading semiconductor companies SmartSoC and Insilico officially announced their merger. The new group will trade under the SmartSoC banner, with Bharath Desareddy continuing as CEO.
The shareholders of Natgraph confirmed the sale of Natgraph Ltd to Indutrade AB, a Swedish industrial investment group. Natgraph will continue to operate with its existing board and management.
REP Holding and Ansaldo Energia signed an agreement to create a joint venture in Russia for the production, modernization, and repair of large industrial gas and steam turbines, with localization at REP Holding's facilities in St. Petersburg. The JV will have exclusive rights to Ansaldo Energia's technologies in Russia and CIS.
Essentra plc acquired 100% of the share capital of Innovative Components Inc. and Componentes Innovadores Limitada for an undisclosed cash consideration. The acquisition strengthens Essentra's Components division in plastic and metal components.
Hexpol has acquired Preferred Compounding in a $232 million deal, expanding its custom rubber mixing capabilities.
MULTIVAC has taken over the FRITSCH Group, a leading manufacturer of bakery machines headquartered in Markt Einersheim, Germany. The acquisition completes MULTIVAC's portfolio to offer the bakery industry complete production lines.
Group Machiels acquired a 51% majority participation in Waterleau, a green tech company specializing in water and wastewater treatment. The remaining shares stay with founding partners and management.
Synthomer plc announced a definitive agreement to acquire OMNOVA Solutions Inc., a global manufacturer of emulsion polymers, specialty chemicals and surfaces, for $10.15 per share in cash, implying an enterprise value of $824 million.
BGF, through subsidiary BGF Eco Bio, signed an agreement to acquire a 77.01% stake in KBF, a Korean maker of biodegradable foam plastics based in Hwaseong, Gyeonggi. The deal marks BGF's entry into the eco and bio materials market.
OSW Equipment & Repair, a portfolio company of Westward Partners, acquired Western Truck Body Mfg, a Canadian leader in customized commercial and industrial truck body manufacturing. The acquisition closed on July 2, 2019.
Dei Capital acquired a majority stake in Wessels Groep, a Dutch tile-setting and natural stone company, from owners Nico Wessels and Werner Hegeman, effective July 2, 2019.
Meridian Adhesives Group, backed by Arsenal Capital Partners, announced the acquisition of PolyCom Industries and its affiliate Eco Dispersions, a manufacturer of industrial adhesives and coatings based in Dalton, Georgia.
Whirlpool confirmed the completion of the sale of its Embraco refrigeration compressor business unit to Japanese company Nidec. The deal was cleared after Nidec committed to sell its Secop compressor business.
Leonardo and Thales are considering a joint acquisition of Maxar Technologies' MDA space division, which could fetch more than $1 billion.
MANN+HUMMEL acquired a stake in Seccua Holding AG, expanding its portfolio into drinking water filtration for point-of-entry and point-of-use applications.
Orca Group, backed by IDI, created a third division dedicated to carbon fabrics and technical composite materials by acquiring G. Angeloni, ITT, Dynanotex and Impregnatex and merging them into a single entity.
Orca Developpement, controlled by IDI private equity, acquired G. Angeloni, Industria Tessuti Tecnici, Dynanotex, and Impregnatex Compositi, creating the Angeloni Group with a combined turnover of over €120 million. The deal value is reported at €60 million.
LifeQuest World Corporation acquired BioPipe Global Corp. on July 2, 2019. BioPipe Global will operate as a wholly owned subsidiary of LifeQuest.
Ross Valve of Troy, New York, acquired the Green Island property from LAI International for $2.5 million and plans to hire 50 new employees over five years while retaining 10 workers.
From July 1, 2019, Kaeser Kompressoren SE of Coburg, Germany, sells the magnetic-bearing turbo compressors made by PillAerator GmbH in Moringen, taking over the operative business of the subsidiary of Piller Blowers & Compressors.
Envases Universales Group, through its Danish subsidiary Glud & Marstrand, acquired 100% of pack2pack from private equity firm Gilde Equity Management in a competitive auction. Alantra advised Envases Universales on the deal.
CALEFFI S.p.A. acquired a minority share in EKINEX S.p.A., a home automation company, to enter the Home & Building Automation sector. The acquisition took place in July 2019.
Barrick Gold Corporation and Newmont Goldcorp Corporation formed a joint venture, Nevada Gold Mines, combining operations in Nevada. Barrick owns 61.5% and Newmont 38.5%, expecting to save approximately $480 million per year.
Bedeschi finalised a corporate merger integrating Officine Nastri Trasportatori (ONT) based in Bergamo and Bedeschi Handling based in Genoa, effective from 1 July.
Saint-Gobain entered exclusive negotiations to sell its French civil engineering materials distribution business DMTP to Groupe Frans Bonhomme for an enterprise value of €70 million. DMTP has 58 outlets and reported €250 million in 2018 sales.
Universal Pure Holdings LLC acquired Stay Fresh Foods LLC, combining two providers of high-pressure processing (HPP) services. The consolidated platform will operate 15 HPP machines across six locations in the US.
Sto SE & Co. KGaA purchased the remaining 49.9% shares of Ströher GmbH from the managing shareholders Gerhard Albert and Patrick Schneider, taking full ownership of the ceramic tile manufacturer.