Schneider Electric, in a consortium with Temasek Holdings, has entered into a definitive agreement to acquire Larsen & Toubro's electrical & automation business for ₹14,000 crore. Schneider will hold 65% and Temasek 35% in the acquiring entity.
MSC Industrial Direct Co., Inc. acquired All Integrated Solutions (AIS), a Wisconsin-based value-added distributor of industrial fasteners and components, MRO supplies and assembly tools. The transaction closed on April 30, 2018.
Mondi agreed to acquire a privately owned industrial bags maker operating in Egypt for €23.7m (£20.9m), reported on 30 April 2018.
SunSource Holdings completed its acquisition of Ryan Herco Flow Solutions, a US distributor of flow solutions, from Greenbriar Equity Group. Terms were not disclosed.
Filtration Group Corporation completed its acquisition of Multisorb Technologies, a Buffalo, New York maker of active packaging sorbent solutions with over 450 employees. The deal was announced as closed on 30 April 2018.
Patricia Industries agreed to acquire Piab from private equity firm EQT, as announced on 30 April 2018. The article gives no deal value or location details.
Odfjell Drilling has agreed to purchase the drilling unit Stena MidMax (to be renamed Deepsea Nordkapp) from Samsung Heavy Industries for USD 505 million.
Emeco Holdings has agreed to acquire Queensland-based equipment rental company Matilda Equipment for about $80 million.
The Frenehard & Michaux Group acquired a majority stake in Gamesystem, a fall protection solutions company based in Montbonnot-Saint-Martin, France. Gamesystem has a turnover of €12.5 million and 115 employees.
Boeing Co is nearing a deal to buy aerospace parts company KLX Inc to expand into the aircraft-services business. The deal is expected to be announced on Monday, April 30, 2018.
Vyaire Medical acquired neonatal ventilation equipment developer Acutronic for an undisclosed amount. Acutronic is based in Switzerland and Germany.
Matebat has acquired tower crane and hoist service and maintenance company Reflex group from founder Christophe Sellier. Reflex represents Geda in France and is a parts service and support agent for Liebherr.
Actis has acquired InterGen's Mexican portfolio of businesses for a consolidated enterprise value of US$1.256 billion. The portfolio includes 2,200 MW of combined-cycle gas turbine projects, a 155 MW wind project, three gas compression stations, and a 65-km gas pipeline. The platform will be rebranded as Saavi Energia.
DRT Power Systems LLC acquired specific assets and liabilities of Anwo Machine & Tool Co. Inc., adding a ninth location and expanding its presence in the rotorcraft market with customers like Sikorsky and Lockheed Martin.
Sandvik intends to acquire French metrology software company Metrologic Group from Astorg Partners for EUR 360 million. Metrologic Group will form a new business unit within Sandvik Machining Solutions.
Tekni-Plex acquired Dunn Industries, a maker of specialty extrusion tubing for medical devices, complementing its Natvar microextrusion tubing business.
Elgin S.A. announced a binding agreement to acquire Heatcraft do Brasil, a manufacturer of condensers, evaporators, compressor racks, remote condensers and refrigeration monoblocks, from Lennox International. The transaction value was not disclosed and is subject to approval by Cade.
Cyient, through its subsidiary Cyient Europe Ltd., acquired AnSem N.V., a fabless custom analog and mixed-signal ASIC design company based in Leuven, Belgium.
Burke Porter Group completed its purchase of Van Hoecke Automation, a Belgium-based supplier of production automation for food processing and automotive industries. Terms were not disclosed.
Duravant, a global engineered equipment manufacturer, has acquired Ohlson Packaging, a manufacturer of weighing, counting and filling machines. The acquisition expands Duravant's product portfolio in food processing, packaging and material handling.
LG Electronics, together with parent LG Corp., is acquiring ZKW Group, a premium automotive lighting and headlight systems provider, for over EUR 1.1 billion. LG Electronics will hold a 70% stake and LG Corp. the remaining 30%.
The Arcticom Group acquired KIC Refrigeration, a Southern California commercial refrigeration and HVAC services company. Financial terms were not disclosed. KIC's founders will remain in day-to-day operations.
Volex plc agreed to acquire MC Electronics, Inc. from Nova Shell LP and Shell Topco LP for $3.7 million. The consideration includes up to 3.5 million ordinary shares and $0.4 million cash for working capital.
Teradyne acquired Danish company Mobile Industrial Robots (MiR) for $148 million upfront, with an additional $124 million in milestone payments. MiR manufactures autonomous mobile robots and tripled revenue in 2017.
Uptake, an AI software company, acquired Asset Performance Technologies (APT), which provides preventive maintenance software and a library of industrial equipment failure modes. The acquisition deepens Uptake's foray into energy and asset-intensive industries.
The German Economy Ministry approved the takeover of German aerospace supplier Cotesa by Chinese company Advanced Technology and Materials (AT&M) for a price between EUR 100 million and EUR 200 million. The deal was signed in September 2017 and approved after a months-long investigation.
Hatco Corporation acquired Ovention Inc., a Dallas-based oven technology company that owns the rights to the Matchbox oven.
Oldcastle APG, a CRH company, acquired Advanced Environmental Recycling Technologies (AERT), a leader in composite decking, to enter the composite decking category.
Albireo Energy, a building automation and energy services provider, acquired Energy Management Control Corporation (EMCC), a certified Schneider representative in the New York Metro area. The deal strengthens Albireo's presence in the Greater New York City region.
Altendorf Group GmbH acquired Maschinenbau Hebrock GmbH and EBM Maschinenbau GmbH with effect from April 25, 2018. The purchase price is confidential.
Teradyne, Inc. acquired Mobile Industrial Robots (MiR) of Odense, Denmark for €121 million net of cash, plus up to €101 million in earn-outs. MiR is a leading supplier of collaborative autonomous mobile robots for industrial applications.
WST Präzisionstechnik GmbH acquired a majority stake in GB CNC, LLC, a turn-mill center parts maker based in Fountain Valley, California. The acquisition provides WST entry into the American market and the aerospace sector.
Biomerics and ATL Technology, in a joint venture, agreed to acquire Catheter Research Inc.'s assets in Indianapolis and Costa Rica. CRI manufactures interventional catheters and tube sets for medical devices.
Geely Holding Group formed a joint venture with Aisin AW to manufacture and sell front-wheel drive 6-speed automatic transmissions. Total investment is $117 million, with Geely subsidiary Geely Luoyou holding 40% and Aisin AW 60%. Annual capacity is 400,000 units, with operations starting in 2020.
GAC Group's subsidiary GAC Motor signed a joint venture contract with Aisin AW to establish an automatic transmission company in Guangzhou. Total investment is $350 million, with GAC Motor holding 40% ($46.8 million). The JV will produce FF6-speed automatic transmissions with an annual capacity of 400,000 units, starting production in 2020.
BioMérieux acquired Astute Medical, developer of the NephroCheck test, for approximately $90 million.
Magnaghi Aerospace Group (MAG) completed the acquisition of US-based Blair-HSM, a manufacturer of landing gears and actuators, with financing from Three Hills Capital Partners.
MDU Resources, through its subsidiary Knife River Corp., acquired Teevin & Fischer Quarry, an aggregate producer in Clatsop County, Oregon. The quarry will become part of Knife River.
Microchip Technology announced that China's Ministry of Commerce has agreed to review its planned acquisition of Microsemi for USD 8.35 billion. Microchip hopes to complete the deal in June 2018.
Renta Yhtiöt Oy has signed an agreement to acquire 100% of Stål & Hyr Group AB, a Swedish rental company, for an undisclosed amount. The acquisition is subject to competition authority approval and is expected to close by June 1, 2018.
Itqan Investments, VPower Group and CITIC Pacific have acquired Byrne Equipment Rental LLC, a GCC rental equipment supplier, for approximately AED 1 billion. The deal includes Spacemaker, Byrne Technical Services and Byrne Medical Equipment Rental.
Beijing Enterprises Water Group Limited has completed the acquisition of 100% ownership of TRILITY Group, an Australian water and wastewater solutions provider founded in 1991.
Tsubakimoto Chain Co's U.S. unit, U.S. Tsubaki Holdings, has signed an agreement to fully acquire Central Conveyor Company, LLC and its six subsidiaries, including Central Automation Holdings and Central Process Engineering. The acquisition is expected to close in mid-June 2018; the price will be decided later.
Nidec Corporation announced that its subsidiary Nidec Sankyo will acquire 100% equity of Genmark Automation, Inc., a US developer and manufacturer of atmospheric and vacuum robots for semiconductor wafer handling. The acquisition aims to expand Nidec Sankyo's product lineup and global reach in the semiconductor industry.
ZEISS Group acquired GUARDUS, a software solutions supplier for computer-supported quality assurance and production management systems based in Ulm, Germany. GUARDUS becomes a wholly owned subsidiary of ZEISS, integrated into its Industrial Metrology business group.
Miba acquired the industrial bearing segment of John Crane Group, which has three plants in the US and one in Germany. The deal gives Miba entry into development and production of industrial bearings.
Nidec Corporation agreed to buy Whirlpool's Embraco compressor business for $1.08 billion in cash. The deal excludes Embraco Europe srl in Riva di Chieri, Italy, where Whirlpool plans to end production.
Ima has signed an agreement to acquire 82.5% of Italian company Tissue Machinery Company (TMC), which produces automatic packaging machines for tissue and personal care products, for €58.5 million. The closing is expected in the first decade of May 2018.
Terumo's holdings Vascutek and Bolton Medical are merging to form a single entity called Terumo Aortic, with expected combined revenue of about $200 million and more than 1,100 employees. The merger has been in the works for the past year.
Chembond Chemicals Ltd has acquired 100% shareholding in Phiroze Sethna Pvt Ltd, a manufacturer of sealants and adhesives for the automotive industry, along with its subsidiary Gramos Chemicals India Pvt Ltd.