Hitachi Transport System and Hitachi Automotive Systems announced a stock transfer agreement for Hitachi Transport System to acquire 70% of the outstanding shares of Palenet, a pallet rental and cargo handling equipment company. The deal aims to strengthen Hitachi Transport System's logistics platform.
Hitachi Construction Machinery and PEO Co., Ltd. signed an agreement to jointly invest in the Hitachi Construction Machinery Operators Training Center. PEO will acquire 51% of the shares, and the company will be renamed PEO Construction Machinery Operators Training Center Co., Ltd. effective August 1, 2019.
Medtronic closed its acquisition of Titan Spine, a maker of titanium interbody fusion devices. The deal was announced May 9, 2019, for an undisclosed amount.
OCuSOFT Inc., in a joint venture with Essentia Pharma, acquired the intellectual property portfolio of Digital Heat Corporation, including an eyelid warming device to be marketed as OCuSOFT Thermal 1-Touch. The price was not disclosed.
Paper Converting Machine Company (PCMC) will acquire Hudson-Sharp, a bag converting equipment maker, effective October 1, 2019, integrating it into Barry-Wehmiller's converting equipment platform.
Yanmar Holdings has signed a definitive merger agreement to acquire ASV Holdings, a manufacturer of compact track loaders and skid steer loaders, for $70.7 million. The transaction is expected to close in Q3 2019.
WABCO shareholders approved ZF Friedrichshafen's proposed all-cash acquisition at $136.50 per share, with 68.44% of shares voting in favour. Closing is expected in early 2020, subject to regulatory approvals.
Italian packager AMB has acquired TDX (Europe), a provider of PET, RPET and laminated rigid films, including its product design, prototype and tooling business. The deal expands AMB's European footprint, with the combined group having four sites in Europe and 430 employees.
Huafon Spandex plans to acquire 100% of Huafon New Material from Huafon Group and others for 12 billion yuan, in a related-party transaction. The deal includes a cash payment of 1.2 billion yuan to the controlling shareholder family.
Shinkawa Ltd. completed the acquisition of a 92.79% stake in Apic Yamada Corporation from Hachijuni Capital, The Hachijuni Bank, and other shareholders for ¥6.9 billion. The deal was originally signed on February 12, 2019.
Private investment firm Brightstar Capital Partners acquired Gateway Bobcat, a Bobcat and Doosan construction equipment dealership with 11 locations in five US states. The deal forms a partnership with Gateway's leadership team.
Kinderhook-backed Adell Group Inc. acquired Powerflow Inc., Powerflow Products Ltd., and Gestion Solutions Plastik Inc., providers of injection-molded plastic accessories for automotive OEMs. Financial terms were not disclosed.
Fort Worth-based Novaria Group acquired Acra Aerospace LLC, a manufacturer of complex aerospace engine components in Anaheim, California. No price was disclosed.
Private equity firm Steadfast Capital acquired a stake in injection molding companies BUK Kunststofftechnik GmbH and UHB Kunststofftechnik GmbH. The acquisition has been approved by the cartel authority. Managing director Thorsten Ulbrich remains as managing shareholder.
SteelSummit Holdings, a subsidiary of Sumitomo Corporation, acquired Magic Steel Sales, a steel service center company headquartered in Grand Rapids, Michigan, with approximately $200 million in sales. Terms were not disclosed.
Crane 1 Services, a portfolio company of Pfingsten, acquired Materials Handling Solutions (MHS), a provider of overhead crane services and equipment based in Duncan, South Carolina. The transaction closed on June 25, 2019.
ARCH Global Precision, a Jordan Company platform, acquired Siem Tool Company, a manufacturer of customized solid carbide cutting tools in Latrobe, Pennsylvania. Siem Tool will join ARCH's Cutting Tools division.
Mitsubishi Heavy Industries (MHI) agreed to acquire Bombardier's Canadair Regional Jet (CRJ) program for $550 million in cash plus assumption of $200 million in liabilities, including maintenance, support, sales activities and service centers in Canada and the US.
SP Group A/S has agreed to acquire Coreplast Laitila Oy, an injection moulding company in Laitila, Finland, for an enterprise value of up to DKK 70 million. The acquisition is expected to accelerate SP Group's growth.
Bostik, an Arkema company, acquired Afinitica, a Spanish specialist in instant adhesives (cyanoacrylates), to expand in engineering adhesives for electronics and medical equipment markets. The announcement was made on June 25, 2019.
Ross Precision Manufacturing, an affiliate of Ross Valve Manufacturing, acquired LAI International's Green Island operations in Albany County, New York, investing $2.5 million and creating 50 new jobs.
The Waldinger Corporation acquired Industrial Refrigeration Services (IRS), an industrial refrigeration and electrical contractor based in Ankeny, Iowa. The acquisition was completed on June 24, 2019.
Damstahl a/s and Armaturenwerk Hötensleben GmbH acquired 90% of the shares in KM RUSTFRI A/S, a Danish manufacturer of stainless steel fittings for the food and pharma industry. Damstahl took 45% of the shares.
Viessmann Group acquired IAC Vestcold As, a Norwegian refrigeration installation and service partner. The purchase price was not disclosed.
Jordan International Co, through Hellenic Steel Acquisition Co, is set to acquire Hellenic Steel, a Greek steelmaker. The plan includes investments of €100 million over three years, hiring 400 employees, and producing 350,000 tons of steel in the first year. The acquisition price is €12 million.
Precision Cutting Technologies, a subsidiary of Alleghany Capital Corporation, acquired a majority interest in Coastal Industrial Distributors, LLC (dba CID Performance Tooling), a manufacturer of high-performance solid carbide end mills based in Saco, Maine.
ProMach, a packaging machinery solutions provider, acquired STOCK America, a provider of process sterilization solutions for the food processing industry. The acquisition expands ProMach's retort product lineup.
Nanometrics and Rudolph Technologies agreed to combine in an all-stock merger of equals. The merged company will be headquartered in Wilmington, Massachusetts, and will be a premier provider of metrology, inspection, process control software, and lithography equipment for the semiconductor industry.
Mutares AG completed the acquisition of Keeeper GmbH from WREDE Industrieholding GmbH & Co. KG for €1 on June 24, 2019. Keeeper reported turnover of around €65 million in fiscal year 2018.
Private equity firm Equistone Partners agreed to buy French engineering company Vulcain Ingénierie, according to a PE Hub report dated 24 June 2019. No deal value was given in the available text.
Avingtrans acquired Energy Steel & Supply Co., a US manufacturer of machined products and components for the civil nuclear power industry, on 24 June 2019 for $1m. The deal expands Hayward Tyler's nuclear capabilities and product lines.
As part of the Elite deal, Archrock will sell about 80,000 active and idle compression horsepower to Harvest Midstream for $30 million in cash.
Archrock agreed to acquire substantially all assets of Elite Compression Services, including about 430,000 horsepower of mostly large-horsepower compression units, for $410 million in cash and newly issued shares.
United Power Generation & Distributions Company Ltd decided to acquire 75% (300,000 ordinary shares) of Leviathan Global BD Ltd, a 50 MW gas-fired power plant in Chattogram, Bangladesh, at Tk 10 per share.
Himatsingka acquired the home textile portfolio of Global Brands Group Holdings Limited, including licensing rights for Tommy Hilfiger (North America), Copper Fit, and global rights for Calvin Klein Home.
MITA Group S.p.A. acquired 70% of Frigofluid S.r.l., a company specializing in temperature control systems for industrial processes, including process coolers and chillers. The acquisition was announced on 21 June 2019.
Hahn Group of Germany acquired the technology and intellectual property of Rethink Robotics, which had closed in October 2018, and relaunched the Sawyer robot and Intera5 software.
Lafarge Africa has agreed to sell its full stake in Lafarge South Africa to Caricement for US$317 million. The deal is expected to complete in the third quarter of 2019, subject to regulatory approval.
Amalie Oil Co. is in the process of acquiring Lubricating Specialties Co. (LSC), which operates three production facilities in Los Angeles and produces over 25 million pounds of grease and specialty products. The acquisition excludes LSC's Jamaica subsidiary.
Chevron Phillips Chemical has offered to acquire Nova Chemicals for more than $15 billion including debt, according to people familiar with the matter. Nova makes expandable polystyrene and resins.
Italian closure maker Tapì Group announced a significant acquisition of French closure maker Les Bouchages Delage, creating a hub for premium and super premium spirits closures.
Hologic has entered an exclusive negotiation agreement to acquire France-based SuperSonic Imagine, a maker of cart-based ultrasound products, for about $39 million. The deal is expected to close by the end of 2019.
Eastman Chemical Company entered a definitive agreement to acquire Industrias del Acetato de Celulosa S.A. (INACSA), a Spanish producer of cellulosic yarn, including its plant in La Batllòria, Spain, to support growth of Naia cellulosic yarn for the apparel market.
Spectrum Plastics Group acquired Earnan Biomedical Ltd of Wexford, Ireland, a leader in medical balloon technologies, to expand its balloon solutions and manufacturing presence in Ireland.
Universal Fibers, Inc. acquired twisting and heat-setting assets for its production facilities in Gorzow, Poland and Taicang, China, to expand finished yarn capabilities.
Construction Resources LLC, an Atlanta-based design and construction supply company, has acquired United Materials Inc. (UMI), a Florida-based importer and distributor of surfacing materials. UMI has three facilities in Florida and annual revenues over $50 million.
Fortress Technology has acquired Sparc Systems, a specialist in counting, weighing and inspection machinery. The acquisition formalizes their long-term partnership and aims to strengthen food safety inspection equipment offerings.
SKF has acquired RecondOil Sweden AB, a Swedish cleantech company that has developed a chemical filtration and rejuvenation process for industrial lubrication fluid and slop oil, to strengthen its lubrication management business.
Sibanye-Stillwater and Lonmin have agreed on a recommended all-share offer for Sibanye-Stillwater to acquire the entire issued share capital of Lonmin, with each Lonmin shareholder receiving one new Sibanye-Stillwater share per Lonmin share.
Saint-Gobain agreed to sell its Optimera construction materials distribution business in Denmark to Davidsens Tommerhandel. The transaction is expected to close in the second half of 2019. Optimera Denmark had sales of around €120 million in 2018.