Infineon Technologies AG announced a definitive agreement to acquire Cypress Semiconductor Corporation for US$23.85 per share in cash, corresponding to an enterprise value of €9.0 billion. The transaction is expected to close by end of 2019 or early 2020.
Bombardier sold its Q400 turboprop operations and the De Havilland trademark to Longview Aircraft Company of Canada Ltd, now De Havilland Aircraft of Canada Ltd, in mid-2019.
North Fork Group, the Australian subsidiary of Nishio Rent All, acquired the assets and business operations of Lencrow Forklifts, a forklift hire, sales and service provider. The acquisition adds a rental fleet of over 3,500 forklifts.
Chemada Fine Chemicals Company (1996) Ltd. was acquired by a group of strategic investors and will operate as Chemada Industries Ltd. as of June 1, 2019. The new company purchased all previous assets and activity.
ZEISS has acquired GOM, a company specializing in 3D metrology and optical measurement technology.
Evoqua has acquired UK-based ATG UV, a company specializing in UV water treatment technology.
Charkit Chemical Company LLC has acquired Custom Ingredients, a manufacturer of specialty ingredients, and CA Specialities, a South Carolina-based distributor of ingredients for the personal care market.
Sandvik completed the acquisition of Newtrax, a supplier of wireless connectivity technology for underground mining operations. Newtrax is headquartered in Montréal, Canada, and had revenues of about 26 million CAD in 2018.
Speyside Foundry Holdings, backed by Speyside Equity Fund I, acquired Hazleton Casting Co. in Hazleton, Pennsylvania, with the transaction completed in mid-June 2019. The value was not disclosed.
Rheem Manufacturing Company, a subsidiary of Paloma Co., Ltd, entered into a definitive agreement on May 31, 2019 to acquire 100% of Intergas Verwarming B.V., a Dutch manufacturer of high-efficiency gas boilers and water heaters. The consideration was undisclosed.
PUC Services Inc. of Sault Ste. Marie acquired Northern Water Works Inc. of Red Lake, Ontario, making PUC the second-largest provider of water and wastewater services in Ontario. The deal closed on May 31, 2019.
Wienerberger s.r.o. completed the merger with Tondach Česká republika s.r.o., with the legal merger registered on May 31, 2019. Wienerberger is the successor company.
Russian businessman Alexey Mordashov will split his power engineering business Power Machines, which was hit by US sanctions in 2018, into four businesses and transfer some assets to a new management company.
Argon Medical Devices, an OEM manufacturer of specialty medical products, completed the acquisition of Mana-Tech, its exclusive distributor for the United Kingdom and Ireland.
Eagle Materials' board approved a plan to separate its heavy materials (cement) and light materials (gypsum wallboard and recycled paperboard) businesses into two publicly-traded entities via a tax-free spin-off, expected to be completed in the first half of 2020.
Aquafil S.p.A. finalized the acquisition of 100% of O'Mara Incorporated for USD 40.5 million through its U.S. subsidiary Aquafil USA Inc. O'Mara produces nylon, polypropylene and polyester fibres in Rutherford College, North Carolina.
Hongdu Aviation, a subsidiary of AVIC, signed an asset swap agreement with its parent Hongdu Group. Hongdu Aviation will acquire defense business assets worth about RMB 1.362 billion and transfer parts manufacturing assets worth about RMB 2.208 billion, expecting a gain of about RMB 7.12 million.
LBP Manufacturing, LLC acquired Yeadon-based Union Packaging, a folding carton producer for quick service restaurant brands, from founder Michael Pearson. Financial terms were not disclosed.
New-Indy JV Corp., a joint venture of the Kraft Group and Schwarz Partners, agreed to acquire Carolina Container Company, a corrugated packaging maker headquartered in High Point, North Carolina, including its CaroCon Display and Packaging division. The expected closing date was the end of January 2015.
O. Mustad & Son AS, through its subsidiary O. Mustad & Son Americas, acquired TUF Line and all related fishing line brands from Western Filament on May 30, 2019. Mustad will partner with Western Filament to continue production.
Midwest Mezzanine Funds and MC Controls acquired a controlling interest in Dorsett Technologies, a provider of SCADA systems for water, wastewater, stormwater, and energy infrastructure. No financial terms were disclosed.
Chinese conglomerate Fosun International completed its acquisition of FFT GmbH & Co. KGaA, a German provider of automated production systems. The deal was agreed in June 2018; financial terms were not disclosed.
Evoqua Water Technologies acquired ATG UV Technology, a UK-based manufacturer of UV disinfection systems. Terms were not disclosed. ATG UV has about 75 employees and is based in Wigan, UK.
Tooling Tech Group (TTG) acquired Alpha Integration, a provider of custom automated assembly and inspection equipment in Murfreesboro, Tennessee. Alpha Integration has about 45 employees and will continue to operate from its Murfreesboro location.
Japanese chemical makers Nippon Shokubai and Sanyo Chemical Industries announced they are considering a merger to create a combined company with about $4.7 billion in annual sales, aiming to become the 11th largest Japanese chemical company.
German copper group Aurubis announced plans to acquire full ownership of the Belgian-Spanish Metallo Group, a non-ferrous metals recycler, for an enterprise value of €380 million.
IHI Corporation will transfer its power plant engineering business to Niigata Power Systems, which will also absorb Diesel United. The merged entity will be renamed IHI Power Systems, effective no later than July 1, 2019.
NXP Semiconductors has agreed to acquire Marvell's WiFi and Bluetooth connectivity portfolio in an all-cash asset transaction valued at $1.76 billion. The acquisition includes Marvell's WiFi Connectivity Business Unit and Bluetooth technology, and is expected to close by Q1 2020.
KPM Analytics announced the simultaneous acquisition of Sightline Process Control (Canada) and Sensortech Systems (USA), the 5th and 6th acquisitions since the group's founding in 2015. The acquisition prices were not disclosed.
Anvil International and Smith-Cooper International closed their previously announced merger, with the combined company majority owned by Tailwind Capital. No financial terms were disclosed.
Knorr-Bremse acquired a 32% stake in Railnova, a Belgian railway telematics and maintenance workflow software supplier. The deal was announced on May 28, 2019.
Heimbach and AstenJohnson are planning to merge their Paper Machine Clothing (PMC) and Advanced Fabric businesses. The merger is subject to regulatory approval and is expected to close in the second half of 2019.
ZF Steering Gear (India) Ltd accepted a settlement proposal to sell and transfer 129.4 million shares of Robert Bosch Automotive Steering to Robert Bosch Automotive Steering GmbH. The transaction is expected to be completed in July 2019.
Vicat announced it would buy a stake in 2170, a subsidiary of JPS Granulats, to accelerate development of low-carbon cements.
Hutchinson will take a majority participation in Thermal Control Systems Automotive, a Laval, France-based company specializing in thermal management and battery cooling technologies. The acquisition is subject to approval from French authorities.
Liebherr-Verzahntechnik GmbH purchased all shares of Wenzel GearTec GmbH, a manufacturer of gear measuring machines based in Karlsruhe, Germany. The acquisition was announced on May 27, 2019.
Salzer Electronics Limited signed a deal to acquire a 72.32% stake in Kaycee Industries Limited in an all-cash deal, with an additional offer for 26% from public for a total equity value of Rs 22 crores. The acquisition is subject to regulatory approvals.
Mutares AG signed an agreement to acquire 80% of Plati Elettroforniture S.p.A., a European supplier of cable harnesses, from Chinese Deren Group. The transaction is expected to close by June 2019.
UK-based Langley Holdings plc agreed to buy Marelli Motori from The Carlyle Group, including full repayment of EUR 55 million debt. Marelli Motori is a producer of industrial generators and electric motors.
Xella Group and Cementeria Costantinopoli agreed to merge their Italian autoclaved aerated concrete (AAC) activities, combining Xella Italia with Atella's Doc Airconcrete. The deal is expected to close in July 2019.
Consolidated Container Company has acquired the assets of Sonic Plastics Enterprises, a packaging producer for nutraceutical, health and beauty markets in the mountain west region of the United States.
The German GRIMME Group and Indian company Shaktiman established a 50/50 joint venture for the development and marketing of agricultural machinery. GRIMME will contribute its technology and Shaktiman will provide production capacity.
Héroux-Devtek announced the purchase of 60% of Tekalia Aeronautik, a supplier to Héroux-Devtek of surface...
Avail Infrastructure Solutions (AVAIL) entered a definitive agreement to sell its Electrical Products Group to nVent Electric plc for $975 million, with the transaction expected to close in the first half of 2025.
Groupe Guillin, through its UK subsidiary Sharp Interpack Ltd., acquired 100% of Flight Plastics (UK) Ltd., a plastic sheet producer with an extrusion capacity of over 12,000 tonnes per year, to strengthen its presence in the UK market.
Walki Group signed a definitive agreement to acquire 100% of Plastiroll Oy, a Finnish packaging material producer. Financial terms were not disclosed.
Sika completed the acquisition of Parex, a leading mortar manufacturer with annual sales of CHF 1.2 billion, on May 23, 2019. The deal was announced on January 8, 2019.
Serco Inc. has entered into a definitive agreement to acquire Alion Science & Technology Corporation's Naval Systems Business Unit for $225 million, expected to close in the second half of 2019.
SDS Limited has acquired the water recycling division of Waterscan Ltd, including its commercial rainwater harvesting business and Intellistorm smart rainwater management system.
Dongyang Textile Corporation announced it will acquire Imperial's polyester film business, including Imperial Film Solution (TFS) in Japan and its Indonesian subsidiary ITFS, for approximately ¥10 billion (about 627 million yuan). The acquisition is expected to be completed on October 1, 2019.