The Philippine Competition Commission cleared Ningbo Joyson Electronic Corporation's acquisition of substantial assets in Takata Corporation. The deal includes Takata's Philippine subsidiary, which operates a plant in Biñan, Laguna manufacturing airbag fabric and seatbelt webbing.
South Korean steelmaker Posco agreed to acquire a 4.75% stake in Australian lithium miner Pilbara Minerals for $62.5 million and to buy up to 240,000 tons of lithium concentrate per year. Posco will use the lithium to produce 30,000 tons of lithium products annually starting in 2020.
Applied Composites Holdings, LLC, a portfolio company of AE Industrial Partners, acquired San Diego Composites, Inc., a composites supplier for aerospace, space, and defense industries. Terms were not disclosed.
Komatsu America Corp., through its subsidiary F and M Equipment, agreed to purchase the assets of PBE Group, which includes Pine Bush Equipment and East PBE. The deal is expected to close on April 1, 2018.
Southern HVAC Corp. acquired Fox Service Company, a residential and commercial HVAC, plumbing and electric service provider in Austin, Texas. Fox Service Company employs 55 team members.
CR3 Capital, a private equity firm, acquired Xymat Engineering, a manufacturer of specialty containers and material handling solutions for the U.S. Department of Energy. Douglas Waldron was appointed president and CEO.
ACC Ltd and Ambuja Cements Ltd, both controlled by LafargeHolcim, announced they are putting their proposed merger on hold due to constraints related to transfer of mines under current laws.
Microchip Technology Inc is in advanced talks to acquire Microsemi Corp, with a deal valuing Microsemi roughly in the mid-$60s a share, according to the Wall Street Journal.
Bharat Forge completed the sale of its remaining 26% equity in Alstom Bharat Forge Power Pvt Ltd to GE for $35 million, exiting the joint venture.
Héroux-Devtek Inc. has agreed to acquire the shares of Beaver Aerospace & Defense Inc. and its subsidiary PowerTHRU Inc. from Phillips Service Industries Inc.
TOMRA signed an agreement to acquire 100 percent of BBC Technologies, a New Zealand-based provider of precision grading systems and filling solutions for blueberries and other small fruits, along with the Freshtracker traceability platform.
SGL Carbon SE sold its 51 percent shareholding in the SGL Kümpers GmbH & Co. KG joint venture to Kümpers GmbH and Franz-Jürgen Kümpers. SGL Group will continue to supply carbon fibers to Kümpers.
TOMRA Foods, a Norwegian company, acquired BBC Technologies, a Hamilton-based fruit technology manufacturer of sorting and packaging machines for small fruits, for $66.9 million. BBC Technologies will become a division of TOMRA.
Humatics has acquired 5D Robotics and its subsidiary Time Domain to expand its microlocation technology for robotics and autonomous vehicles.
TOMRA Food has signed an agreement to acquire 100% of the shares in BBC Technologies, adding precision grading and filling solutions for small fruits to its portfolio.
Tribus Aerospace, backed by Shorehill Private Equity, has acquired Precision Aerospace Corp and its affiliate Precision Micro Mill LLC, Michigan-based aerospace parts manufacturers. The terms were not disclosed.
Anodyne Electronics Manufacturing Corp. (AEM) was purchased by SMS Canada Corp., a subsidiary of Structural Monitoring Systems plc of Australia. The acquisition brings added financial strength to AEM.
Members of the OTTO family have become new investors of Sympatex Technologies, a Munich-based manufacturer of functional textiles, after restructuring of Smart Solutions Holding.
Rexnord has closed the acquisition of Centa Power Transmission, a manufacturer of torsionally soft couplings for marine, industrial and wind markets. Centa is headquartered in Haan, Germany.
John Deere acquired a 50% stake in Xuzhou Xuwa Excavator Machinery (XCG), the third-largest excavator manufacturer in China, as part of its expansion in the Asian market.
Patrick Industries, Inc. completed the acquisition of the business and assets of Aluminum Metals Company, LLC, a manufacturer and distributor of aluminum products in Elkhart, Indiana, for approximately $16.5 million in cash.
CEMATRIX Corporation entered into a letter of intent to acquire all shares of MixOnSite USA, Inc., a supplier of cellular concrete in the United States. The acquisition is expected to increase CEMATRIX's production capacity to over 1,000,000 cubic meters.
Kamaz acquired a 49% stake in AO United Automotive Technologies (OAT), a major supplier to AvtoVAZ. The deal closed on February 20, 2018, and was approved by the Federal Antimonopoly Service in December 2017.
Norsk Hydro made a binding offer of $345 million to acquire Rio Tinto's Icelandic aluminium plant ISAL, along with the Dutch anode facility Aluchemie and Swedish aluminium fluoride plant Alufluor. The transaction is expected to close in Q2 2018.
BBMG Group and Tangshan Jidong Cement received approval from the Beijing SASAC for the valuation of assets they will contribute to a new joint venture. BBMG's assets were valued at approximately CNY 7.313 billion and Jidong's at approximately CNY 8.217 billion.
Shiloh Industries entered into definitive agreements to acquire Brabant Alucast's facilities in Italy and Netherlands, expanding into aluminum and magnesium casting and stamping in Europe. The acquisition represents over $135 million in annualized sales and adds approximately 600 employees.
South Central Polymers, Inc. (SCP) closed on the purchase of Myco Plastics, Inc. in Jacksonville, Texas. SCP plans interior and exterior improvements, building expansion, and investment in additional injection-molding equipment.
Dominion Colour Corp. (DCC) announced it has fully merged its Dispersions business subsidiary, trading as Gemini Dispersions Ltd., into the parent organization.
Scientex Bhd, via its subsidiary Scientex Packaging Film, has agreed to acquire all shares of Klang Hock Plastic Industries (KHPI) for RM190 million. KHPI operates two plants in Klang, Selangor, with an annual capacity of 99,000 tonnes.
Soligent Holdings has acquired Repower America through its affiliate Solar Engine, providing equipment, logistics, engineering and finance solutions to Repower's franchisees.
Jagdamba Power & Alloys and Godawari Power & Ispat have agreed to merge, with Godawari issuing 45 new equity shares for every 100 shares of Jagdamba.
Engie North America has acquired Infinity Renewables and its portfolio of utility-scale wind projects totaling more than 8 GW in capacity.
LGC Limited completed the acquisition of US-based life sciences and healthcare products provider Lucigen Corporation.
PZL Sędziszów S.A. purchased a 69% stake in Czech company Böhm Plast-Technik to gain access to advanced plastic injection technology for filter production.
Engie acquired 100% of Thermaire Investments and Ampair, HVAC companies in South Africa, to develop energy services in Southern Africa.
Mavis Discount Tire signed a definitive agreement to merge with Express Oil Change & Tire Engineers, creating one of the largest automotive service providers in the U.S. with over 830 locations. Financial terms were not disclosed.
Pearson Packaging Systems, a provider of secondary packaging automation, acquired robotic automation specialist Flexicell, Inc. The acquisition expands Pearson's manufacturing footprint with Flexicell's Ashland, Virginia facility.
R-Meca, a Toulouse-based machining group, acquired aerospace sheet metal company CMA Industry in Tarascon-sur-Ariège, France. The deal was announced on February 22, 2018.
NN, Inc., a diversified industrial company, completed the acquisition of the assets of Bridgemedica, LLC, a medical device company, on February 22, 2018. Financial terms were not disclosed.
Philippine H2O Ventures Corp. has signed a share purchase agreement to sell its subsidiary Calapan Waterworks Corp. to Tabuk Water Corp. for P442 million, as part of a spin-off of its water business.
Sveba-Dahlen AB, a Swedish bakery equipment manufacturer owned by Middleby Group (USA), has become a part-owner of Norwegian bakery equipment company Horni Baketeknikk AS. The partnership aims to strengthen Horni Baketeknikk's position in the Norwegian market, especially in the industrial segment.
Artemes Group AS acquired Fabricom AS from ENGIE Energie Services S.A. on February 21, 2018. Fabricom AS changed its name to Endúr Fabricom.
Bluff Manufacturing and Wesco Industrial Products combined under Wincove Private Holdings, with Bluff acquiring Wesco to expand material handling and warehouse safety solutions.
EOS Investment Management acquired a majority stake in Atex, a multinational manufacturer of non-woven fabrics with plants in Italy and the United States, to support its industrial strategy and growth.
The Tribunal de Commerce de Grenoble validated a joint offer by Alpen'Tech, Kartesis and MGI Coutier to acquire the assets of Frank & Pignard and Precialp, two automotive equipment subsidiaries of Maike Automotive, through a holding company Bionnassay M&P Technology.
Johnson & Johnson, through its unit Apsis, acquired French robot-assisted surgery company Orthotaxy for an undisclosed price to develop a robotic-assisted surgery platform for orthopedics.
Indutrade has signed an agreement to acquire all shares of Zijtveld Grijpers B.V., a Dutch designer and manufacturer of hydraulic grabs for construction machinery. The closing took place on February 21, 2018.
Russel Metals Inc. has entered into an agreement to acquire the operating assets and facilities of DuBose Steel, a structural steel service center in North Carolina. The transaction is expected to close in the second quarter of 2018.
Griffin Dewatering acquired groundwater control firm Foothill Engineering and Dewatering and Foothill Drilling of Riverside, California, for an undisclosed sum. The acquisition expands Griffin's services to the West Coast.
MGG Group B.V., a specialist in high-precision aluminum sand casting, acquired Eurotech Group B.V., which has sites in the Netherlands, Czech Republic and Germany. The acquisition strengthens MGG's position in the European aluminum casting market.