Hyva is merging Hyva Southern Africa with Lift & Shift (South Africa) to form Hyva Southern Africa (Pty) Ltd, effective 1 June 2019. The new entity will be headquartered in Johannesburg.
Italian company Filidea announced the acquisition of Hoftex CoreTech from the German group Hoftex. The agreement was signed in May 2019, with closing on 1 September 2019.
Insimbi Industrial Holdings has extended an offer to acquire control of Treppo Group Proprietary Limited, which includes its MetalCorp and Treppo trading divisions, Bulk Ferrous Exports, and interests in several joint ventures. The transaction is subject to regulatory approvals and is expected to be effective on or about 1 September 2019.
Fuji Electric has signed an agreement to acquire Consul Neowatt Power Solutions Pvt Ltd, a leading Indian power electronics company.
Elgi Gulf FZE, a wholly owned UAE subsidiary of Elgi Equipments, proposed to invest 147,000 UAE dirhams for a 49% stake in a new UAE joint venture with a local Emirati partner to sell air compressors in the region.
Wynnchurch Capital acquired MPL Company, a build-to-order manufacturer of cultured marble bath products such as panels, surrounds and shower pans.
Thomas H. Lee Partners agreed to acquire AutoStore, a provider of cube storage systems and robotics, from EQT, which had bought the company in January 2017. AutoStore management and EQT will keep minority stakes.
Cortec Group acquired Rotating Machinery Services (RMS), a provider of aftermarket repair and overhaul services for large rotating machinery, from Incline Equity Partners. RMS has about 200 employees and four operating locations.
Wolter Group LLC, a material handling firm, has acquired Indianapolis-based Kensar Equipment Co., expanding its footprint in the Midwest and entering the Indiana marketplace.
United Technology of Electric Substations and Switchgears Co. (USSG) signed a conditional agreement to merge into United Transformers Electric Co. (Utec), a deal worth SAR 17 million. The merger aims to enhance performance and reduce costs.
Glaukos Corporation entered into a definitive agreement to acquire DOSE Medical Corporation for $2.5 million in cash plus performance-based consideration. DOSE Medical develops sustained-release drug delivery platforms for retinal diseases. The transaction is expected to close in the current quarter.
ON Semiconductor Corporation completed its acquisition of Quantenna Communications, Inc. for $24.50 per share in an all-cash transaction, strengthening its capabilities in advanced connectivity applications.
Rio Tinto and Aluminum Corporation of China Limited (Chalco) entered a definitive agreement to acquire Votorantim's 68.596% controlling shareholding in Companhia Brasileira de Alumínio (CBA) for approximately $902.6 million. The acquisition will be through a joint venture owned 33% by Rio Tinto and 67% by Chalco.
Pala Investments agreed to acquire 100% of Cobalt 27 Capital Corp. for $501 million. Cobalt 27 shareholders will receive $5.75 per share, partly in cash and partly in shares of a new company, Nickel 28 Capital Corp., which will hold Cobalt 27's interest in the Ramu nickel-cobalt mine.
CSW Industrials announced a definitive agreement to acquire Motors & Armatures Parts (MARS Parts) for $650 million in cash, plus an earn-out of up to $20 million. The acquisition expands CSW's HVAC/R product portfolio.
Owens Corning signed a definitive agreement to sell its glass reinforcements business to Praana Group at an enterprise value of $755 million. The sale is part of Owens Corning's strategic plan to focus on residential and commercial building products.
AMFT (Associated Metal Forming Technologies) acquired the business and certain assets of P&B Metal Components Ltd, establishing manufacturing presence in the UK and Malaysia.
Misonix Inc. entered into a definitive agreement to acquire Solsys Medical LLC in an all-stock transaction valued at approximately $97 million, including assumption of $20 million in secured debt.
Rivulis Irrigation Ltd. and Eurodrip S.A. entered into a definitive all-share merger agreement to create a global leader in micro irrigation, with the merged company headquartered in Gvat, Israel.
ESCO Technologies Inc. has agreed to acquire Megger Group Limited from TBG AG for total consideration of $2.35 billion, consisting of $0.9 billion in cash and ESCO equity valued at approximately $1.4 billion. Megger provides testing and monitoring solutions for utilities and critical electric infrastructure.
Bravida has signed an agreement to acquire Karby VVS AB, a plumbing and energy solutions company in Sigtuna, Märsta and Arlanda area. Karby VVS has 14 employees and a turnover of approximately SEK 42 million. Bravida takes over as owner in early September 2019.
Tieto Oyj agreed to buy Evry AS for about 13.2 billion Norwegian kroner ($1.5 billion) to form one of the biggest Nordic software and services companies. The transaction is expected to be completed in the first quarter of 2020.
Consolis Group has acquired the Finnish and Latvian operations of Estonia-based TMB Group, a producer of concrete elements. The annual revenues of the acquired operations exceeded EUR 100 million in 2018.
Parker Building Supplies has acquired Sussex Turnery and Moulding Company (Stamco), a builders' merchant and timber processor, for an undisclosed sum. The acquisition expands Parkers' branch network in Sussex and Kent.
Monera Technologies Corporation has acquired Bioscience, Inc., a company specializing in microbial and testing products for wastewater treatment.
Skyworks and Qorvo have entered into a definitive agreement to combine in a cash-and-stock transaction valued at approximately $22 billion, creating a U.S.-based leader in high-performance RF, analog and mixed-signal semiconductors.
Macmahon Holdings has made a takeover offer of at least $48 million for GBF Underground Mining, with potential earn-out payments of up to $53.5 million based on performance. The acquisition is expected to complete in mid-August 2019.
The UK Competition and Markets Authority cleared the anticipated acquisition by Tadano Limited of the Demag Brand Crane Business and 8 subsidiaries of Terex Corporation.
Cognizant agreed to acquire Zenith Technologies, a life sciences manufacturing technology services company headquartered in Cork, Ireland, to expand its Industry 4.0 and smart factory capabilities.
Rolls-Royce agreed to acquire Siemens' eAircraft business, which develops all-electric and hybrid-electric propulsion solutions for aerospace. The deal is expected to complete in late 2019 and includes around 180 employees in Germany and Hungary.
Flowserve has signed a definitive agreement to acquire Trillium Flow Technologies' Valves Division for $490 million in cash, with closing expected mid-2026.
Ohio Transmission Corporation has acquired Furey Filter & Pump and its subsidiary PSI Engineering, two pump and filtration companies with 65 employees in Wisconsin and Minnesota.
Private equity firm Allegro Funds has agreed terms to take a stake in Questas Group, an Australian provider of hydraulic, irrigation, pump and engine solutions.
Chart Industries and Flowserve have finalized a $19 billion merger of equals, combining Chart's cryogenic technologies with Flowserve's pumps, valves and seals, with about $300 million in projected annual cost synergies.
Gradiente I sold its 46.1% stake in Dierre Group, an Italian industrial automation components manufacturer, to NB Aurora S.A. SICAF-RAIF, promoted by Neuberger Berman.
Premier Tech acquired IDTec Automatización, a Mexican integrator of robotic systems for end-of-line applications and material handling. The acquisition will expand Premier Tech's local client support in Mexico and Latin America.
Adnoc and OCI announced a strategic partnership to combine their fertiliser businesses into a new joint venture, which will be the largest export-focused nitrogen fertiliser platform globally with a production capacity of 5 million tonnes of urea and 1.5 million tonnes of ammonia. The JV will be based in Abu Dhabi and is expected to close in Q3 2019.
Unifrax, backed by Clearlake Capital, acquired Stellar Materials, a manufacturer of proprietary specialty chemistries and materials for high-temperature applications. Financial terms were not disclosed.
Veoneer signed a binding agreement to acquire Nissin Kogyo's interests in the US operations of their joint venture Veoneer Nissin Brake Systems (VNBS) for one US dollar. The transaction is expected to close on or around June 28, 2019.
Anova announced it has acquired Intelligent Sensing Anywhere (ISA), a remote telemetry company with expertise in LPG, oils, lubricants, natural gas, and water. ISA is headquartered in Coimbra, Portugal, with additional offices in Brazil, U.S. and Canada.
Funds advised by Triton have signed an agreement to sell COBEX, a manufacturer of carbon and graphite products for the aluminum and iron industries, to Tokai Carbon Co., Ltd. for an enterprise value of EUR 825 million.
Liberty Hall Capital Partners agreed to sell AIM Aerospace, a supplier of composite parts for commercial aerospace, to Sekisui Chemical Group for $510 million in cash. AIM Aerospace has four facilities in Washington and Iowa.
H.I.G. Capital signed a definitive agreement to acquire Covestro's European Polyurethane Systems Business, which operates four systems houses in Germany, Denmark, the Netherlands and Spain, with annual sales of about €230 million.
Merit Medical Systems acquired Brightwater Medical for $35 million upfront plus up to $15 million in earn-outs. Brightwater Medical's ConvertX product line will be transferred to Merit's Pearland, Texas facility.
Genstar-backed Tekni-Plex acquired three manufacturing facilities from Amcor's flexible packaging business in Madison and Milwaukee, Wisconsin, and Ashland, Massachusetts. No financial terms were disclosed.
Keane and C&J Energy Services agreed an all-stock merger of equals, creating the third-largest pressure pumping company in the US. No deal value was given in the article.
Belgian private equity firm Cobepa bought a majority stake in Enoplastic, which makes capsules and caps for bottles in the Varese province of Italy, from the Macchi and Moglia families. Michele Moglia and Samo Kalin will continue to manage the company.
Can-One Bhd signed a sale and purchase agreement to sell F&B Nutrition Sdn Bhd to Wholesome Dairies Pte Ltd for between RM800 million and RM1 billion. Proceeds will pay down about RM750 million of bank borrowings used to privatise Kian Joo Can Factory.
Atlas Copco acquired the operating assets of Taylor Air Center, a compressor distributor and division of Vallen Distribution, in the Lehigh Valley, Pennsylvania. The business has about 20 employees and will join Atlas Copco's Compressor Technique service division. The price was not disclosed.
Mitsubishi Heavy Industries and Siemens jointly proposed to acquire Alstom's energy business for a total of €7 billion. The proposal includes forming joint ventures in steam turbines, power transmission and distribution, and hydropower, with Siemens offering €3.9 billion for the gas turbine business.