Yaskawa is purchasing Siemens' shares in their joint venture Yaskawa Siemens Automation & Drives (YSAD), giving Yaskawa full control. The transaction takes effect November 1, 2018, and the company will be renamed Yaskawa Automation Drives (YAD).
Calgary-based 24/7 Compression Ltd. and Belair Power & Production Equipment Inc. announced a completed merger, combining natural gas compression service and power generation packaged equipment businesses. The merger was announced on October 10, 2018.
Sealed Air Corporation acquired AFP, Inc., a privately held fabricator of foam, corrugated, molded pulp and wood packaging based in Pflugerville, Texas. The sale closed August 1, 2018, and AFP had 2017 net sales of $125 million.
AURELIUS Equity Opportunities agreed to acquire water valve manufacturer VAG of Mannheim, Germany, from US-listed Rexnord Group. VAG has 1,200 employees and about EUR 200 million in recent sales; the deal was scheduled to close in Q4 2018.
Fondo Italiano d'Investimento, through its Innovazione e Sviluppo fund, acquired a majority stake in Marval, a precision machining components manufacturer for vehicles, from Mandarin Capital Partners and the founding family. The deal was announced on 9 October 2018.
Brilex Industries Inc. has acquired the U.S. Shredder product line of parts and equipment, merging a leading supplier in automobile shredding and scrap metal recycling with a growing equipment manufacturer in Youngstown, Ohio.
Emerson acquired Ireland-based HTE Engineering Services Ltd., which will join the Assembly Technologies business within Emerson's Automation Solutions platform.
Emerson will acquire Intelligent Platforms, a division of General Electric, which provides programmable logic controller (PLC) technologies. The deal is expected to close in the first half of fiscal 2019. Terms were not disclosed.
The Shenyang State-owned Assets Supervision and Administration Commission transferred 26.757% of its stake in Shenji Group (Shenyang Machine Tool Group) to Shenyang Industry Investment Development Group, reducing its ownership from 92.070% to 65.313%.
Belgian carton packaging maker P. Van De Velde Group has acquired Bergische Kartonagenfabrik, a folding carton producer based in Velbert, Germany, with around 100 employees, as part of its buy-and-build strategy.
With the support of private equity firm Permira Funds, Corin acquired Australia-based Global Orthopaedic Technology.
Globus Medical acquired the company that markets and develops Surgimap, a surgical planning software platform.
Chinese company CSG Smart Science & Technology has acquired Maka Systems, a German manufacturer of CNC machines for wood, aluminum and plastic processing, with 160 employees.
Saint-Gobain has signed an agreement to acquire 100% of Kaimann, a German producer of elastomer-based insulation, employing 320 people with 2017 revenue of €70 million.
Ensco plc and Rowan Companies plc entered into a definitive agreement to merge in an all-stock transaction. Rowan shareholders will receive 2.215 Ensco shares per Rowan share, with Ensco shareholders owning approximately 60.5% of the combined entity.
Donges SteelTec, a subsidiary of Mutares Group, completed the acquisition of the Kalzip Group from Tata Steel Europe. The deal increases Donges Group's annual sales to approximately EUR 110 million and adds aluminium roof and facade solutions to its product portfolio.
MDU Resources' subsidiary Knife River Corp. closed the acquisition of Sweetman Construction Co., which operates as Concrete Materials Co., an integrated ready mixed, aggregates and asphalt producer in Sioux Falls, South Dakota. The company and its 260 employees join Knife River's North Central Region.
Decide4Action, a productivity software and hardware company, acquired Automation Intellect, an AI and automation firm, to enhance its smart manufacturing and intelligent automation capabilities.
BWAY, MAUSER Group, National Container Group and Industrial Container Services have combined into one packaging company, Mauser Packaging Solutions, headquartered in Oak Brook, Illinois, with over 11,000 employees and consolidated revenue of $4 billion.
Fluid Flow has agreed to acquire Hygeniks, Inc., a Massachusetts-based manufacturer and distributor of value-added components and systems for hygienic processes, to expand its process control offerings for life sciences.
Merrick announced a definitive agreement to acquire AI Medical Systems, GmbH., a Swiss-based developer of artificial intelligence and machine learning software for medical diagnostics, for approximately CHF 2.3 billion ($2.32 billion USD). The acquisition is expected to close in Q4 2018.
Zhejiang Geely Dongli Zongcheng Company Limited, a subsidiary of Geely Automobile Holdings, agreed to acquire Taizhou Binhai Geely Engine Company Limited and Guizhou Geely Engine Company Limited for a total of RMB1.265 billion. The acquisitions will add an annual capacity of 720,000 engines.
Nuverra Environmental Solutions announced on October 5, 2018 that it has acquired Clearwater Solutions.
Nalco Water, the water-management business of Ecolab, acquired ChemStaff, a provider of strategic consulting and engineering solutions for the global power industry. The acquisition strengthens Nalco Water's services for industrial customers.
Teleflex acquired Essential Medical, developer of the Manta vascular closure device, for an undisclosed amount. The deal expands Teleflex's presence in structural heart and endovascular aneurysm repair markets.
France's Vicat Group has signed a binding agreement to buy a 65% share in Brazilian cement producer Cimento Planalto (Ciplan) for €290 million through a reserved capital increase. Ciplan operates a 3.2Mt/yr integrated plant in Sobradinho, Bahia.
Hyundai Home Shopping Network Corp., part of Hyundai Department Store Group, agreed to buy a 100% stake in construction materials maker Hanwha L&C from Morgan Stanley Private Equity for 368 billion won ($325.3 million).
On Semiconductor announced it will acquire an additional 20% stake in the Aizuwakamatsu 200mm semiconductor fab from Fujitsu Semiconductor, raising its ownership to 60%. It plans to reach 100% ownership by the first half of 2020.
Saur has acquired Alliance Environnement, a provider of water supply, wastewater treatment and organic waste recycling services in the Occitanie region of France. The company has annual revenue of EUR 17 million and 110 employees.
Dürr Systems AG completed the acquisition of the industrial environmental technology business of Babcock & Wilcox Enterprises, Inc., including MEGTEC and Universal, as of October 5, 2018. The deal strengthens Dürr's air-pollution and noise-control technologies globally.
Wärtsilä sold its Wärtsilä Pumps business, based in Aalborg, Denmark, to Solix Group, a Scandinavian investment company. Pumps business sales were about EUR 50 million in 2017. The deal was announced on 31 October 2018.
The Middleby Corp., an Illinois-based food processing equipment company, acquired M-TEK Corp., a manufacturer of modified atmosphere packaging systems.
Industrial Growth Partners V, L.P., in partnership with management and certain outside investors, acquired BMG, a provider of turnkey thermoforming and packaging systems for the food & beverage market, on October 4, 2018.
Just Energy Group has completed the acquisition of all issued and outstanding shares of Filter Group, a provider of home water filtration systems, for $15m in cash and earn-out payments of up to 9.5 million common shares, plus approximately $22m of Filter Group's debt.
Ørsted has completed the acquisition of 100% equity interest in Lincoln Clean Energy LLC from I Squared Capital. Ørsted will create a new business unit named Onshore Wind.
TRC has acquired IJUS, a US-based power/utility engineering firm, for an undisclosed sum.
Buckles-Smith of Santa Clara, CA, has agreed to acquire Allied Electric of Fresno, CA, a family-owned electrical distributor serving California's Central Valley. The acquisition will create one of the largest independent electrical distributors in California and the West.
MDU Resources Group Inc. acquired Sioux Falls-based Sweetman Construction Co., which does business as Concrete Materials Co. The company will become part of Knife River Corp., MDU Resources' construction materials subsidiary. The acquisition includes 260 employees, aggregate reserves, asphalt plants, ready-mix plants, and a railroad.
North American Construction Group reached an all-cash agreement to purchase the heavy equipment and related assets of Aecon Group's mining business for CA$199 million (US$154 million). The deal includes earth-moving equipment, light construction assets, support equipment and maintenance facilities.
Smiths Group agreed to acquire aircraft engine parts maker United Flexible in a $345 million deal.
Precision Pulley and Idler (PPI) announced an agreement to acquire Continental Global Material Handling, bringing together two leading brands in the industry.
Flexco announced the acquisition of SHG Conveyor Control GmbH, creator of the Rip Prevent+ AI-powered conveyor monitoring system. The deal expands Flexco's digital portfolio.
Kingswood Capital Management acquired WAVE Electronics and will merge it with its portfolio company AVAD LLC to create the largest value-added distributor of high-end audio, video, security, and home automation solutions in North America.
Consolis has reached an agreement to acquire Spanish precast concrete company Tecnyconta, aiming to expand its presence in the Spanish market.
Siemens announced plans to acquire Russelectric, a Massachusetts-based manufacturer of power control systems including paralleling switchgear and automatic transfer switches. The acquisition will add Russelectric's approximately 400 employees to Siemens' US footprint.
H.I.G. Capital, LLC has completed the acquisition of Sofape Fabricante de Filtros Ltda. (Tecfil), the leading automotive filters producer in Brazil.
Willdan Group, Inc. has signed an agreement to acquire all outstanding shares of Lime Energy Co. for $120 million in cash. The acquisition is expected to close in Q4 2018.
Thailand-based plastic bag maker TPBI entered the paper packaging market through acquisitions of firms in the UK and Australia. The deal values were not given.
New-Indy JV agreed to acquire Resolute Forest Products' Catawba paper and pulp mill in Catawba, South Carolina, which makes coated mechanical paper, specialty paper and market pulp. The deal is expected to close by December 31, 2018.
AkzoNobel has completed the sale of its specialty chemical business to private equity firm Carlyle Group and GIC for $11.6 billion.