SmartPipe System Oy and Inntech Oy have merged, with Inntech being integrated into SmartPipe. Marco Poulsen, Inntech's CEO, becomes the new CEO of the combined entity.

Wolter Inc., a material handling solutions provider, acquired Midway Industrial Equipment, a full-service material handling company with locations in Sugar Grove and University Park, Illinois. The acquisition enhances Wolter's product offerings and strengthens its presence in the Midwest.

Epiroc won a US$18 million order from BHP for autonomous Pit Viper 271 surface mining rigs to be used at BHP's Pilbara iron ore operations in Western Australia.

Vam WaterTech, a Dutch company specializing in water purification and recycling for the agri-food industry, was acquired by its managing director Hans Blaak. The deal was backed by Luxembourg-based Oraxys and French private equity firm Swen Capital Partners.

Aehr Test Systems received an initial production order from a top tier automotive semiconductor supplier for a FOX-XP wafer level test and burn-in system with integrated FOX WaferPak Aligner for testing gallium nitride power semiconductor devices. The system is scheduled to ship immediately.

The European Commission approved the joint control acquisition of EEW Offshore Wind EU by EEW Holding and Sumitomo under the EU Merger Regulation. The collaboration involves German and Japanese entities producing large steel tubes for offshore wind farms.

The U.S. Department of Commerce awarded Hemlock Semiconductor up to $325 million in direct funding under the CHIPS Incentives Program to support construction of a new manufacturing facility in Hemlock, Michigan. The project is expected to create approximately 180 manufacturing jobs and over 1,000 construction jobs.

Kitron has entered into a five-year manufacturing contract with an unnamed technology company for IoT solutions, with orders totalling EUR 15 million for delivery in 2025. Production will take place at Kitron's facility in Kaunas, Lithuania.

Q-mation, an industrial automation software and IT services company, has been recapitalized by The Halifax Group. B. Riley Securities served as exclusive financial advisor to Q-mation.

Senzime announced multiple hospital contracts for its next-generation TetraGraph system, with orders exceeding 110 monitors from US and Swiss hospitals. First customer deliveries have commenced.

Hyundai Motor Group and LG Energy Solution are building an electric battery facility as part of Hyundai's manufacturing campus in Georgia. The $6.3 billion project could supply batteries for 300,000 EVs per year and create 3,000 jobs, with production estimated to begin by late 2025.

Tesla is constructing two new manufacturing facilities in Nevada: a factory for electric semi-trucks and a 100-gigawatt-hour factory for 4680 battery cells. The project is valued at $3.6 billion, with pilot production estimated by late 2025 and full production in 2026.

ZF has secured a contract to supply brake-by-wire technology to a global automaker, equipping nearly 5 million vehicles with its electro-mechanical braking over the length of the arrangement.

Hyundai Motor Group is considering building its first overseas steel mill in New Orleans, Louisiana, with an investment of around 10 trillion won ($7 billion). Construction could begin as early as spring 2026, with completion expected by 2029.

BHP placed another large order with Epiroc for a fleet of autonomous Pit Viper 351 and Pit Viper 271 rigs for its Escondida copper mine in Chile. The order is valued at more than $30 million, with delivery expected from Q4 2025 through Q1 2026.

Epiroc has won a large order from BHP for autonomous Pit Viper 271 blasthole drill rigs for BHP's Western Australia Iron Ore operations in the Pilbara. The order is valued at around $18 million and was booked in Q4 2024, with delivery expected in Q4 2025.

Hultafors Group AB acquired Lyngsøe Rainwear ApS, a Danish supplier of high-quality rainwear for professional users, with approximately 136 MDKK in revenue and 25 employees. Lyngsøe will operate under the Fristads brand.

Modine announced plans to open a new facility in Chennai, India, in mid-2025 to manufacture Airedale by Modine data center cooling equipment and cooling modules for stationary power generation equipment.

KS Industry will begin first production of marine cranes at its new plant in Haman, South Korea, in February 2025, as part of its strategy to focus on ship crane manufacturing.

Epiroc won a large order from BHP for a fleet of autonomous Pit Viper 271 blasthole drill rigs valued at approximately $18 million, to be used at BHP's iron ore operations in the Pilbara region of Western Australia.

Microtex Composites, an Italian structural composites manufacturer, will locate its first U.S. operations in Chattanooga, Tennessee, investing nearly $3.8 million and creating 26 new jobs.

Dover Harbour Board awarded a contract for the procurement of two mobile cranes for the Port of Dover.

Modine announced plans to open a new facility in Chennai, India, in mid-2025 to manufacture data center cooling equipment and cooling modules for stationary power generation equipment.

Gabriel-Chemie invested around €7 million to expand its rack warehouse at its headquarters in Gumpoldskirchen, Austria, adding 5,000 pallet spaces to increase storage capacity.

AL INVEST Břidličná has awarded a €40.8 million contract to Industrial Furnaces Insertec S.L. for the supply of melting equipment for casting aluminium semi-products at its facility in Břidličná, Czechia.

Norfolk Iron & Metal (NIM) has acquired Straub Metal International, a distributor of Type 409 stainless steel based in Ashley, Pennsylvania, expanding NIM's stainless steel sheet and coil product lines.

Millat Industries has been awarded a contract by Honda for the rear upper control arm machining and assembly program for the Honda Passport. Mass production is set to begin in January 2025.

SICK and Endress+Hauser have started a strategic partnership for process automation, including a joint venture Endress+Hauser SICK GmbH+Co. KG to develop analyzer and gas flow meter technologies. Around 800 SICK employees transfer to Endress+Hauser.

Dongfang Electric's subsidiary Dongfang Electric Wind Power will sell its 51% stake in Mulei Dongxin New Energy to Sichuan Chuantou New Energy for 929 million yuan.

Arco, a Belgian specialist in industrial refrigeration, and VOS Technics have formed a partnership, becoming sister companies under the Climate Pioneers banner. The group has over 150 employees.

Heat pump maker Stiebel Eltron plans to invest up to EUR 72 million in its Holzminden plant to expand production of air-to-water heat pumps, receiving a grant of up to EUR 10.8 million; the grant notice was handed over on 8 January 2025.

WPIL Limited's European subsidiary Gruppo Aturia has acquired 100% of MISA S.R.L, an Italian maker of large pumping stations, pumps and hydro turbines, to expand in Europe and North Africa. The deal is dated January 7, 2025 and its value was not disclosed.

Southern Graphic Systems, LLC agreed to acquire Schawk, Inc. from Matthews International for total upfront consideration of $350 million, including $250 million in cash, with Matthews taking a 40% stake in the new entity. The deal is expected to close in mid-2025, subject to regulatory approvals.

GD Energy Products (GDEP) has integrated ValTek, a hydraulic fracturing pump, parts and consumables manufacturer, into its portfolio to broaden its product and service offering. The article is dated January 7, 2025 and gives no deal value.

SCHÜTZ signed a licence agreement with National Plastic Factory Company (NPF) under which NPF will build a factory near Dammam, Saudi Arabia, to produce ECOBULK 1,000-litre intermediate bulk containers for Saudi Arabia and the GCC. Production is scheduled to start in 2026.

Baker Hughes won an order from Saipem to supply three electric-driven CO2 centrifugal compressor trains and a Lufkin Gears gearbox for Eni's Liverpool Bay carbon capture and storage project. The compressors will be installed at Saipem's converted facility at Point of Ayr in north Wales.

Atlas Copco Group has acquired Trident Pneumatics, a Coimbatore, India maker of compressed air dryers, filters and on-site gas generators. Trident has 113 employees and about INR 1 billion in annual revenue.

Babcock & Wilcox's B&W Thermal segment won a contract worth about $13 million to retrofit boiler cleaning equipment at a coal-fired power plant in Southeast Asia. The project is underway and expected to complete in Q1 2026.

Kanzler Verfahrenstechnik (KVT) secured a €24 million contract to supply the process design package for a €140 million epoxy resin plant being built for Akkim Kimya in Turkey. The plant will produce 50,000 tonnes of epoxy resin annually.

Vadodara-based Conmat Group acquired a 100% stake in KYB Conmat Private Limited, a manufacturer of concrete construction equipment. The Share Purchase Agreement was signed and finalized on January 6, 2025.

Satellite Chemical Co., Ltd. officially launched a project for an annual output of 90,000 tons of acrylic acid and 100,000 tons of refined acrylic acid in Nanhu District, Jiaxing City, with a total investment of 0.44 billion yuan.

Jifeng Auto Parts' Changzhou unit received a letter of intent from an existing domestic EV customer to supply auto seats for two upcoming EV models, with an expected total value of up to CNY 3.1 billion ($423 million). Mass production is scheduled to start in April and May 2026.

Sailun Group announced a $93.5 million (€90 million) investment to expand production capacity at its tire manufacturing site in Svay Rieng province, Cambodia, adding 1.65 million units per year of all-steel truck and bus radial tires.

Ansys and Synopsys have agreed to sell Ansys PowerArtist, an RTL design-for-power platform, to Keysight Technologies. The divestiture is intended to facilitate regulatory approval for Synopsys' acquisition of Ansys. Terms were not disclosed.

MtronPTI received a year-end order worth over $10 million from a top U.S. Department of Defense prime contractor for a major air defense program. The order includes RF filters and precision clock oscillators, with work taking place in Orlando, Florida through mid-2026.

Lapham-Hickey Steel, a carbon service center based in Bedford Park, Illinois, has acquired Alkar Steel and Processing (ASAP) in Warren, Michigan. ASAP will operate as a division of Lapham-Hickey Steel.

Paloma, the parent company of Rheem, will acquire Fujitsu General, the HVAC subsidiary of Fujitsu, for up to $1.6 billion. The deal was approved by Fujitsu's board on January 6, 2025.

Kinderhook Industries, LLC acquired Jack Doheny Companies, Inc. (JDC), a Michigan-based distributor of specialized equipment for electric transmission, sewer inspection, and utility markets. The deal was financed by a consortium of banks.

VIVOLTA will be the exclusive electrospun component manufacturer for Neurochase's micro-catheter delivery system, which uses Convection Enhanced Delivery to treat neurological disorders. The partnership builds on development work since 2022.

Mitsubishi Heavy Industries Air Conditioning Europe and Stulz S.p.A. began mass production of the Hydrolution PRO air-cooled heat pump chiller in Verona, Italy. The first unit was dispatched after a ceremony on October 17, 2024.