KKR completed its acquisition of Hyperion, a provider of hard and super hard materials for metalworking, from Sandvik on July 2, 2018. Ron Voigt was named CEO effective upon close.
Sdiptech AB acquired all shares of Rogaland Industri Automasjon AS, including 51% of its subsidiary Agder Industri-Automasjon AS, on July 2, 2018. RIA specializes in automation systems for water and wastewater treatment.
Tata Steel and thyssenkrupp AG signed a definitive agreement on July 2, 2018, to combine their European steel businesses into a 50/50 joint venture. Expected annual synergies are €400-500 million.
Nidec Corporation acquired 100% of CIMA S.p.A., a Vicenza-based maker of commercial motors for ventilation and fans, on July 2, 2018. The deal strengthens Nidec's European commercial motor business.
United Rentals agreed to acquire BakerCorp, a provider of tank, pump, filtration and trench shoring rentals, for approximately $715 million in cash. The deal is expected to close in the third quarter of 2018.
OMRON Healthcare Europe announced the acquisition of privately held 3A Health Care s.r.l., an Italian maker of aerosol therapy devices and surgical aspirators, under an agreement signed June 29, 2018. No deal value was disclosed.
Stemmer Imaging SAS acquired 100% of the shares in French company Elvitec SAS, a provider of camera solutions for industry, monitoring, and imaging, for an undisclosed sum. The acquisition is expected to add around €9 million in revenue.
Marmon Crane Services, a Berkshire Hathaway company, acquired Wollongong-based WGC Crane Group through a newly created subsidiary Marmon Crane Australia. Financial terms were not disclosed. WGC will continue to operate under its name.
Ruf Maschinenbau GmbH & Co. KG has taken over C.F. Nielsen A/S, effective July 1, 2018, adding mechanical briquetting and extruder compression technologies to its portfolio.
Evans Machinery acquired the Countertop Machinery Division of Midwest Automation, including several machine lines. Manufacturing will be moved to Evans' plant in Holland, Michigan, and the combined brand will operate as Evans Midwest.
Featheringill Capital has made a majority investment in Eagle Automation, a distributor of automation and measurement solutions to the upstream oil and gas industry. The recapitalization was advised by Capstone Partners.
Italian valve maker Fratelli Pettinaroli has acquired the remaining stake in Michigan-based Jomar Group, finalized in summer 2018 after a 50% stake was bought in 2001. Jomar will continue under its president and management team.
Japan's Kyoto Seisakusho acquired Chicago-based PMI Cartoning, which became PMI Kyoto Packaging Systems as of July 1, 2018. The deal gives Kyoto Seisakusho a route into the North American market.
21 Invest acquired a majority stake in Carton Pack, a fruit and vegetable packaging company based in Puglia, Italy, together with the founding Leone brothers. The deal was completed in July 2018.
Novelis agreed to acquire Aleris, a global rolled aluminum products supplier, for about $2.6 billion including assumed debt, to diversify its portfolio and expand in Asia and automotive. The deal was announced on July 26, 2018.
Partners Group AG, on behalf of its clients, agreed to acquire Megadyne Group from Astorg and other minority shareholders, with the Tadolini family reinvesting. The deal was announced on 2018-07-05.
CRH Americas closed a $3.5 billion acquisition of Ash Grove Cement Co., after settling FTC charges by agreeing to sell certain assets including a cement plant in Montana and other operations.
Thyssenkrupp and Tata Steel signed a definitive agreement to create a 50/50 joint venture, thyssenkrupp Tata Steel BV, based in the Netherlands. The venture will have about 48,000 employees and sales of approximately €17 billion, becoming the second-largest steelmaker in Europe.
ABB Ltd completed its acquisition of GE Industrial Solutions, General Electric's global electrification business, for approximately $2.6 billion in cash. The deal strengthens ABB's number-two position in electrification and expands its North American footprint.
Tata Steel and thyssenkrupp AG signed definitive agreements to combine their European steel businesses into a 50/50 joint venture named thyssenkrupp Tata Steel BV, creating a leading pan-European flat steel producer. The transaction is subject to regulatory approvals.
Wolong Electric Group completed the acquisition of General Electric's small industrial motors business for $160 million. The deal includes several GE entities in Mexico and the US.
China High Speed Drive Equipment Group (listed as 00658) plans to sell its non-gear businesses, including subsidiaries in boilers, metallurgical equipment, diesel engines, semiconductors, heavy forging, machine tools, and more. Additionally, a potential buyer may acquire 51% to 73.91% of the company's shares from Five Seasons and Ji Changqun.
Thyssenkrupp has agreed a merger of its European operations with Tata Steel to form a 50-50 joint venture named Thyssenkrupp Tata Steel, with about 48,000 workers and €15 billion in sales.
Tata Steel and thyssenkrupp AG have signed definitive agreements to combine their European steel businesses into a 50/50 joint venture named thyssenkrupp Tata Steel BV. The transaction is subject to merger control clearance.
Thyssenkrupp and Tata Steel have signed a definitive agreement to merge their European steel businesses into a 50:50 joint venture called Thyssenkrupp Tata Steel B.V., creating Europe's second-largest steelmaker. The deal was approved by Thyssenkrupp's supervisory board on June 29, 2018.
Indorama Ventures Public Co. Ltd (IVL) has reached an agreement to acquire Czech tire cord and technical fabrics business Kordárna Plus a.s., including one production site in the Czech Republic and one in Slovakia, with a combined capacity of 50 ktpa. The transaction is expected to close in H2 2018.
DHE Climate Solutions LLC acquired a fellow HVAC contractor. Details of the target and deal value are not disclosed.
R2G completed the acquisition of 100% of FQN US and FQN China from First Quality Enterprises. The combined entity, PFNonwovens, will have annual production capacity of over 210,000 tonnes of nonwoven textiles.
Adesto Technologies announced a definitive agreement to acquire Echelon Corporation for $8.50 per share, representing a total equity value of approximately $45 million. The acquisition aims to expand Adesto's semiconductor solutions for the Industrial IoT.
GIS AG, a Swiss electric chain hoist manufacturer, acquired UK distributor Lift Turn Move (LTM), a supplier of lifting and rigging equipment. The acquisition was announced on June 29, 2018.
ArcelorMittal South Africa (AMSA) will sell its 50% stake in trading and shipping company MIHBV to its joint venture partner Macsteel Holdings Luxembourg for $220 million. The proceeds will be used to fund working capital and investments.
United Microelectronics Corporation (UMC) announced its Board of Directors approved the full acquisition of Mie Fujitsu Semiconductor Limited (MIFS), a 12-inch wafer foundry in Mie, Japan, from Fujitsu Semiconductor. UMC currently owns 15.9% of MIFS and will acquire the remaining 84.1% for no more than ¥57.63 billion.
Elementis plc has reached an agreement to acquire Mondo Minerals B.V., a leading integrated producer of industrial talc additives, for an enterprise value of $600 million. The acquisition is subject to consultation procedures with Mondo's works council.
Novanta has acquired Zettlex, a British manufacturer of inductive encoders, for an undisclosed sum. Zettlex will be integrated into Novanta's Celera Motion business.
Bosch announced it will seek a buyer for its packaging machinery business (pharmaceuticals and food units of the Packaging Technology division), which employs about 6,100 people in 15 countries.
United Grinding Group, parent of Studer and other grinding machine brands, has been sold by Körber technology group to a pool of investors organized by Swiss BZ Bank Aktiengesellschaft.
Miba plans to form a joint venture with German Zollern BHW Gruppe, with Miba holding 74.9% and taking industrial leadership. The joint venture will combine their plain bearing activities and become part of the Miba Bearing Group, pending antitrust approval.
Schneider Electric, in a consortium with Temasek Holdings, has agreed to acquire Larsen & Toubro's electrical and automation business for INR 140 billion in cash. Schneider will hold 65% and Temasek 35% in a newly formed entity.
Indorama Ventures has agreed to acquire Sorepla Industrie S.A., a French plastics recycler with a combined capacity of 52,000 tonnes per year and 58 employees. The deal expands its food-grade rPET supply in Europe.
PumpMan Holdings has completed the acquisition of Healdsburg, California-based Groundwater Pump & Well, which provides irrigation, fire protection and water solutions. Groundwater will be integrated into PumpMan's Bartley Pump in Santa Rosa.
Danfoss A.S. is planning to acquire Italy's Alfagomma Group to expand its fluid conveyance market share in Europe. The article's headline names a different company pair, so the details are uncertain.
Consolidated Precision Products Inc., a portfolio company of Arlington Capital Partners, acquired Wollaston Alloys Inc., a designer and manufacturer of high alloy steel sand castings for defense and power generation industries.
KB Components acquired DKI Plast, a Danish supplier of injection moulded and extruded components, with operations in Slovakia. The acquisition expands KB Group's customer portfolio and global footprint.
ESCO Technologies Inc. acquired Doble Engineering Company for approximately $319 million in cash. Doble provides diagnostic test solutions for the electric utility industry.
Allied Power Group completed the acquisition of Eta Technologies, an independent provider of parts and maintenance for Siemens V-Series gas turbines, and purchased its Houston facility.
E.ON Climate & Renewables acquired Vortex Energy Deutschland GmbH, and Holt Holding becomes an indirect partner via a 50:50 joint venture for a 190 MW wind farm pipeline with a total investment of €270 million.
Magna International has signed a deal to acquire OLSA S.p.A., a lighting supplier to automakers, for approximately €230 million on a cash- and debt-free basis, expected to close before end of 2018.
Dellcom Aerospace, a precision machining and sub-assembly provider for aerospace, has been acquired by Dumur Industries.
Shawmut Corp. and Glen Raven Technical Fabrics have agreed to merge GRTF's automotive headliner and specialty industrial fabrics business into Shawmut, with Shawmut as majority owner.
Bain Capital Private Equity signed a definitive agreement to acquire Italmatch Chemicals, a global specialty chemical additive manufacturer, from Ardian. The deal value was not disclosed.