Ironbridge Equity Partners acquired Canada Metal Pacific. The announcement was made on October 26, 2018.
Spirit AeroSystems postponed its $650 million acquisition of Asco Industries' parent company due to issues identified by the European Commission review.
ArcelorMittal won a bid to acquire debt-laden Essar Steel for over Rs42,000 crore, with an additional Rs8,000 crore capital injection. The Committee of Creditors issued a Letter of Intent on October 19, 2018, declaring ArcelorMittal the successful applicant.
BRB International BV acquired a majority strategic interest in CSL Silicones Inc., a Canadian manufacturer of silicone protective coatings for high-voltage insulators. The deal was effective October 26, 2018.
Volkswagen AG agreed to buy MAN SE's 100% stake in MAN Energy Solutions SE and 76% stake in Renk AG for approximately €1.85-2.05 billion, to separate the Power Engineering business from the TRATON truck group.
Daikin Europe N.V. signed an agreement to purchase 100% of the shares of its Norwegian distributor Friganor AS, strengthening its presence in the Norwegian HVAC market.
Netkanika acquired Regent NM, a Russian nonwovens producer, for $25 million, gaining production assets in Novaya Moscow region. Netkanika plans to invest $10 million to increase capacity by 40%.
Taiwan Cement Corporation invested up to $1.1 billion in Ordu Yardimlasma Kurumu (OYAK) to form a joint venture, with Taiwan Cement holding 40% and OYAK 60%.
Hagong Intelligent Robot was selected as the winning bidder to acquire all equity in German firm Nimak, a producer of robotic welding guns, for EUR88 million ($100.1 million). The deal requires regulatory approvals from Germany and China.
Advantech entered into an agreement to acquire 80% of OMRON Nohgata, a subsidiary of OMRON Corporation, with Advantech and its Japan subsidiary owning 50% and 30% respectively. The deal will expand Advantech's embedded system market share in Japan.
SigmaTEK Systems, author of SigmaNEST nesting software for sheet metalworking, has been acquired by venture capital firm Battery Ventures. The deal value was not disclosed.
Shenyang Machine Tool (Group) Co., Ltd. cancelled its planned acquisition of Zhongjie Machine Tool Co., Ltd. and several other entities from Shenyang Machine Tool Co., Ltd. The deal, valued at CNY 1, was originally signed on October 26, 2017, and cancelled on October 26, 2018.
Mearthane Products Corporation completed the acquisition of Creative Urethanes Inc., a provider of Reaction Injection Molding and polyurethane manufacturing services based in Winchester, Virginia. Creative Urethanes will remain in Winchester and receive support from MPC's leadership.
Kolon Plastics and BASF have launched Kolon BASF innoPOM, a joint venture in Gimcheon, South Korea, to produce polyoxymethylene (POM). The plant has a capacity of 70,000 tons per year, and combined with an existing facility, it becomes the world's largest single POM site at 150,000 tons per year. Each partner invested 30 billion won, with an additional 260 billion won invested since groundbreaking in April 2016.
United Rentals of Canada agreed to acquire the assets of WesternOne Rentals & Sales from WesternOne Inc. for approximately $91.8 million (CA$120 million) in cash. The transaction is expected to close before year-end.
Siemens and PT. Trafoindo Prima Perkasa entered into a joint venture named PT. Trafoindo Power Indonesia to manufacture power transformers in Tangerang, Jakarta. Siemens holds 49% and Trafoindo 51%. Initial production is scheduled for 2019 with 200 jobs.
Lucens Capital acquired a controlling stake in Diransa San Luis, an Argentine specialty chemicals producer of water-based emulsions and resins. The company operates a manufacturing facility in the Province of Buenos Aires.
Siemens and PT. Trafoindo Prima Perkasa have agreed to form a joint venture named PT. Trafoindo Power Indonesia, with Trafoindo holding 51% and Siemens 49%. The facility in Tangerang, Jakarta, will create 200 jobs and start production in 2019 with an annual capacity of approximately 200 units.
Hagong Intelligent announced a cash acquisition of 100% of NIMAK Group (NIMAK GmbH, NIMAK KG, Nickel GmbH), a German industrial welding equipment provider, for EUR 88.0358 million.
Textron Systems, a segment of Textron Inc., has entered into a letter of intent to purchase Howe & Howe Technologies, a leader in advanced robotic land vehicles. The deal value was not disclosed.
The Hahn Group has acquired all patents, trademarks and the Intera5 software platform of Rethink Robotics, a US-based collaborative robot pioneer that recently closed. The deal value was not disclosed.
Universal Forest Products, through an affiliate, acquired Milwaukee-based Pak-Rite, which designs and manufactures custom packaging solutions, to expand its footprint.
Brook and Whittle Holdings agreed to acquire Prime Package and Label Co LLC to grow its prime label business in pressure-sensitive and shrink-sleeve labels.
Tata Sponge Iron Limited, a subsidiary of Tata Steel, will acquire the steel business of Usha Martin Limited via a slump sale, including a 1 million tonne per annum alloy steel plant in Jamshedpur, an iron-ore mine, a coal mine, and captive power plants.
China's Wingtech Technology plans to acquire control of Dutch semiconductor firm Nexperia Holding for 25.2 billion yuan ($3.63 billion), paying 18.45 billion yuan to buy stakes from existing owners.
Infore Environment's purchase of 100% equity of Changsha Zoomlion Zonke Environmental Industry via share issuance was approved by the China Securities Regulatory Commission. The deal, valued at 11.6 billion yuan, was initially led by Infore Group in August 2017.
Reliance Steel & Aluminum Co. has acquired the remaining 40% ownership interest in Acero Prime, a toll processor in Mexico, from its joint venture partner U.S. Steel, gaining full ownership of four locations including the Monterrey facility.
The Liebherr Tower Cranes division will take over the business activities of Morrow Equipment Co. L.L.C. in Sydney, Brisbane and Wellington, including all employees and locations, effective 1 January 2019.
Salzer Electronics has withdrawn its acquisition proposals for Advanced ID Asia Engineering Company, Thailand and United Marketing and Trading, Hong Kong, following detailed due diligence.
Wasty Sverige AB acquired all shares in Sorbtech Solution AB, effective 1 October 2020. Sorbtech Solution builds and services water treatment plants for industries, municipalities, and other customers.
The Lenzing Group intends to acquire the remaining 30% of its Chinese subsidiary Lenzing (Nanjing) Fibers from state-owned joint venture partner NCFC. The closing of the transaction documents is expected for the end of October 2018.
Avingtrans acquired 100% of Tecmag, Inc., a Texas-based designer and manufacturer of instrumentation for MRI and NMR systems, for a total consideration of $243k including debt assumption.
Excelitas Technologies completed the acquisition of Research Electro-Optics (REO) from Boulder, Colorado, expanding its range of illumination, optical and detection solutions.
Praxair announced that final closing conditions for its merger of equals with Linde AG were met after EU and US regulatory approvals, creating a combined company worth $46 billion expected to close October 31, 2018.
Orora Limited announced the acquisition of Bronco Packaging Corporation, a Dallas, Texas packaging distributor, for about $24 million to expand Orora Packaging Solutions in North America.
Danfoss acquired the majority of Artemis Intelligent Power, an Edinburgh hydraulic R&D firm, to gain its Digital Displacement technology. Artemis will become a joint venture with Mitsubishi Heavy Industries, with Danfoss as majority shareholder.
B.C. Jindal Group, a specialty packaging film maker, acquired Treofan Europe, a manufacturer of biaxially oriented polypropylene films. Financial terms were not disclosed.
France's Chryso has acquired Euromodal, a Portuguese construction chemicals manufacturer with a plant near Porto. No value was disclosed.
The Competition Tribunal unconditionally approved the large merger in which Rustenburg Platinum Mines Limited acquired the Mototolo Joint Venture and all movable assets of the Mototolo Chrome Recovery Circuit.
Resonetics announced it has acquired STI Laser Industries, based in Or Akiva, Israel, a supplier of laser processing and nitinol shape setting for the medical device industry.
A US government panel blocked Japanese company Lixil from selling its Italian cladding subsidiary Permasteelisa to Chinese firm Grandland for €467 million, citing national security concerns.
Robopac has acquired a majority stake in Sotemapack, an Italian packaging machinery manufacturer. The partnership aims to strengthen Robopac's product range and position in the packaging industry.
Epiroc has agreed to acquire Fordia Group Inc., a Canadian manufacturer of exploration drilling tools based in Montreal, with about 250 employees and revenues of about CAD 85 million. The acquisition is expected to close in Q1 2019.
German Chemoform and French Fija Group announced a merger effective end of 2018, creating the CF Group, a European pool equipment and maintenance company.
Hangzhou Youngsun Intelligent Equipment Co., Ltd. completed the acquisition of an 80% stake in Foshan Chuangzhaobao Intelligent Packaging Equipment Co., Ltd. from Zhuhai Hengqin Honglin Investment Partnership for CNY 97.6 million.
The Calcutta High Court rejected a plea for an injunction by MP Birla Group owners against the demerger process of Century Textiles and Industries' cement business, which is being acquired by UltraTech Cement.
Arconic is weighing an $11 billion offer from Apollo Global Management, according to Reuters.
Prevent Biometrics acquired the head impact monitoring assets of X2 Biosystems, consolidating the two leading technologies in head impact monitoring for sports safety.
A consortium formed by Votorantim Energia and CPPIB acquired 80.2% of common shares and 13.7% of class B preferred shares of Brazilian hydro generator CESP for R$1.7 billion.
Investment firm KKR will acquire Magneti Marelli from Fiat Chrysler for $7.1 billion and merge it with its portfolio company Calsonic Kansei.