SECO, an Italian technology manufacturer, completed the acquisition of a majority share of Fannal Electronics Co. Ltd., a Chinese manufacturer of Human-Computer Interaction technologies based in Hangzhou. The post-closing activities include doubling the production plant infrastructure.
Two companies, Swiss fund Parter Capital and German firm Quantum, have submitted firm offers to acquire Alcoa's plants in A Coruña and Avilés, Spain. Parter Capital bids for both plants, while Quantum focuses on Avilés.
Megger Group Limited acquired Power Diagnostix Group, a German leader in high voltage diagnostic equipment and services, on June 7, 2019. The purchase price was not disclosed.
Seojin Automotive announced on June 7, 2019, that it will establish a 50:50 joint venture with Tata Autocomp Systems Limited in India, with an investment of 4.2625 billion KRW, to target the Indian automotive parts market and expand overseas.
The Competition Commission of India granted conditional approval for Schneider Electric India to acquire L&T's electrical and automation business via slump sale, and for MacRitchie Investments to acquire 35% shareholding in Schneider Electric India.
Pilot Water Solutions, a subsidiary of Pilot Flying J, acquired RBJ & Associates, a provider of water infrastructure and disposal services in the Permian Basin. The deal was announced on June 6, 2019.
RIB Group, a German construction software company, is acquiring majority ownership of Building Systems Design (BSD), a US provider of master guide specification software for the construction industry.
Tata AutoComp Systems has entered into a 50:50 joint venture with South Korea's SECO Seojin to design, develop and manufacture clutch systems in India. SECO's existing plant in Chennai will become part of the JV.
Volpara Health Technologies has signed an agreement to acquire Seattle-based MRS Systems, Inc., a developer of patient tracking and radiology reporting technologies.
Yokogawa Electric Corporation took a €6 million stake (35.2%) in Finland-based Sensire Ltd., becoming its largest shareholder, to collaborate in cold chain temperature monitoring solutions.
Industrial Scientific, a Fortive subsidiary and connected sensing company, has agreed to acquire Intelex Technologies, a Toronto-based EHSQ software provider, from JMI Equity and HarbourVest for approximately $570 million USD.
HYDAC B.V. acquired Elma B.V., a specialist in electrical drive and control technology, and its sister company Elro SRL in Romania. The acquisition expands HYDAC's capabilities in electrical engineering and drive technology.
CoolSys acquired Agape Mechanical, an HVAC, refrigeration and plumbing contractor based in Lakeville, Minnesota. The acquisition expands CoolSys's Light-Commercial Division and enters six new states: North Dakota, South Dakota, Nebraska, Minnesota, Iowa and Illinois.
Ohio Ag Equipment announced its intent to acquire North Central Ag, an AGCO dealer in New London, Ohio, with a target closing date of June 22, 2019.
Wipro announced it will acquire International TechneGroup Incorporated (ITI), a digital engineering and manufacturing solutions company, for $45 million. The acquisition is expected to close in the quarter ending September 30, 2019.
Barnhart Crane and Rigging Company purchased the majority of Burkhalter Rigging, a heavy equipment moving company with facilities in Columbus, Mississippi and Rosharon, Texas. The sale was finalized on May 31, 2019.
The Crosby Group, a portfolio company of KKR, acquired Gunnebo Industrier Holding AB, a global leader in material handling products, from Nordic private equity firm Segulah.
Andronaco Industries acquired Diamond Companies, comprising Diamond Fiberglass, a fluid management vessel and tank maker, and Diamond Services, an industrial services business. The business will be rebranded Diamond Fiberglass Systems and Services.
LyondellBasell announced it has ended discussions regarding the potential acquisition of Braskem.
Hagong Intelligent revised its acquisition of German automation company NIMAK, changing the share purchase price to 64.4833 million euros and extending the closing deadline to November 30, 2019, due to difficulties in meeting original conditions.
STRABAG PFS Austria GmbH signed an agreement to acquire PORREAL Polska sp. z o.o. and PORREAL Cesko s.r.o. from PORR AG on June 5, 2019. The combined revenue of the acquired entities was €6 million in 2018.
Medline Industries completed the acquisition of the NAMIC brand of fluid management systems from AngioDynamics on May 31, 2019. Approximately 330 employees will join Medline and continue operations at the Glens Falls, N.Y. facility.
Material Sciences Corporation, a portfolio company of Sky Island Capital, has acquired Alum-A-Fold Pacific, a producer of specialty coated metals based in the Los Angeles area. The acquisition expands MSC's geographical reach to serve West Coast customers.
PUC Inc. acquired leading water and wastewater service provider Northern Waterworks Inc. The purchase closed May 31, 2019. NWI will operate as a standalone company, and the acquisition positions PUC as the second-largest water and wastewater service provider in Ontario.
Broadview Holding, a Netherlands-based industrial holding, completed the $840 million acquisition of Cincinnati-based Formica Group from Fletcher Building. The sale includes Formica businesses in North America, Europe, and Asia, as well as its Homapal metal laminates business.
A.B.F. and Wilmar will form a joint venture to acquire existing Chinese yeast and bakery ingredients activities of AB Mauri.
Relais Group, a Finnish automotive electrical equipment and spare parts company, is joining forces with Swedish companies ABR and Huzells. The owners of ABR and Huzells (Nordic Industry Development AB) become substantial shareholders in Relais Group.
Sharp Interpack Ltd., a UK subsidiary of Groupe Guillin, signed an agreement to acquire 100% of Flight Plastics, a plastic sheet producer with an extrusion capacity of over 12,000 tonnes per year. The acquisition aims to increase production capacity in the growing packaging market.
Japan's Showa Denko acquired Swiss specialty non-stick coating chemicals firm ILAG Industrielack from Helvetica Capital-led investors. Terms were undisclosed.
Hagong Intelligent Robot will acquire German robotic welding gun maker Nimak for EUR 62 million plus EUR 3 million interest, down from the original EUR 88 million bid.
Anand Group announced the formation of a tri-party joint venture, Joyson Anand Abhishek Safety Systems, merging KSS Abhishek Safety Systems and Takata India. Anand Group will increase its stake to 30% in the combined entity.
Press Metal Aluminium Holdings plans to acquire a 25% stake in PT Bintan Alumina Indonesia, which is constructing a one-million tonne alumina refinery plant in Galang Batang, Riau Islands, Indonesia.
Nidec Corporation signed an agreement to sell its Secop compressor business to ESSVP IV, a private equity fund advised by Orlando Management AG. Closing is expected in about three months.
Quench, a provider of filtered water coolers and related equipment, acquired Aguaman Inc., a point-of-use water filtration company based in Miami, FL. The acquisition adds approximately 900 customers in the South Florida market.
Polyscope Polymers B.V. completed the business integration of the global styrene maleic anhydride (SMA) copolymers business from Cray Valley, a subsidiary of Total. The deal includes all SMA products, inventory, and intellectual property.
Smith & Nephew closed its acquisition of Brainlab's orthopedic joint reconstruction business, which includes digital workflow solutions for surgeons. The deal was originally announced in March 2019.
Daher, an aircraft manufacturer and industrial equipment provider, announced the acquisition of KVE Composites Group, a Dutch company specializing in thermoplastic composite components. The deal supports Daher's strategic plan for 2018-2022.
Algonquin Power & Utilities Corp. agreed to acquire Ascendant Group Limited, parent of Bermuda Electric Light Company, for $365 million in cash. The transaction is expected to close in late 2019.
Mitsubishi Chemical Advanced Materials acquired Advanced Polymer Technologies, a manufacturer of high-performance thermoplastic materials. The acquisition was announced on June 3, 2019.
JBT Corp. acquired Prime Equipment Group, a manufacturer of poultry processing equipment, for $65 million. The acquisition was announced on June 3, 2019.
Ellab, a thermal validation solutions provider, has acquired Hanwell Solutions Ltd, a British designer and manufacturer of wireless environmental monitoring solutions.
Komatsu announced the acquisition of 100% of Timberock International Ltd., a specialty drilling and bolting technology company based in Elliot Lake, Ontario, to expand its hard rock drilling and bolting solutions for mining customers worldwide. The agreement was entered on May 31, 2019.
Zhejiang Yinlun Machinery Co., Ltd, a Chinese automotive radiator manufacturer, acquired Setrab, a Swedish supplier of coolers for premium car brands, as announced on 3 June 2019.
China Baowu Iron and Steel Group will take a 51% stake in Magang Group Holding Co. Ltd., as announced by Magang's listed unit on 2 June 2019, pending regulatory approval.
The Competition Commission of India approved the acquisition of 100% of Uttam Galva Metallics Limited and Uttam Value Steel Limited by Carval Funds and Nithia on 3 June 2019.
Equatorial Mining & Exploration PLC signed a share purchase agreement on 31 May 2019 to acquire Eastinco Limited, a Rwandan mining company, for an initial consideration of £900,000 in shares and loan notes plus deferred consideration of up to £8.1 million.
Triton and Abu Dhabi Investment Authority completed the acquisition of reusable packaging provider IFCO Systems on May 31, 2019, at an enterprise value of US$2.51 billion, ending Brambles' ownership.
Plexus Holdings formed a majority-owned joint venture, Plexus Pressure Control, with BEL Valves, a subsidiary of British Engines Group, to supply xmas trees and wellhead annulus outlet valves. The unit will operate from Plexus's Dyce facility in Aberdeen.
India's Competition Commission approved Epsilon Bidco's acquisition of up to 75% of packaging maker Essel Propack Limited by order dated 3 June 2019.
Unisplendour Guoxin Microelectronics announced a plan to acquire Linxens for 18 billion yuan ($2.6 billion) to strengthen its smart card and security chip business.