Fortum's voluntary public takeover offer for Uniper shares received total acceptance of 47.12%, making Fortum the largest shareholder. The transaction is subject to regulatory approvals and expected to close in mid-2018.
BBMG Group and Jidong Cement signed a joint venture agreement on February 7, 2018, to establish a new company, BBMG Jidong Cement (Tangshan) Co., Ltd., by contributing their respective cement assets. The registered capital is 3 billion yuan, with total contributions of 15.5308 billion yuan.
Daikin Europe N.V., through its subsidiary Zanotti S.p.A., acquired all shares of Tewis Smart Systems S.L., a Spanish provider of standard and customized refrigeration solutions, on February 7, 2018. The deal strengthens Daikin's position in the refrigeration market.
ENGIE Services announced the acquisition of Les Contrôles AC Inc., a building automation and control systems specialist based in Laval and Lévis, Quebec. The company employs nearly 150 people and will remain an individual entity within ENGIE Services.
Jack Sewing Machine Co. plans to buy all of Finver SPA, 95% of Vinco SRL and 30% of ViBeMac SPA, giving it total equities of 100% and 80% respectively, for a total of EUR23.2 million. The acquisitions aim to expand Jack Sewing's product categories and customer base in Italy.
Loram Maintenance of Way announced a definitive agreement to acquire all outstanding shares in Georgetown Rail Equipment Co. (GREX), a market leader in material handling and track inspection technologies.
Universal Global Electronics Co., Limited (USI subsidiary) and Qualcomm Technologies signed a joint venture agreement on February 6, 2018, to establish a company in São Paulo, Brazil, to develop and manufacture system-in-package (SiP) modules for smartphones and IoT. USI will invest $70.5 million (75%) and Qualcomm $23.5 million (25%), with total funding of $94 million.
French flooring manufacturer Gerflor has acquired the DLW linoleum plant in Delmenhorst, Germany, from insolvency, saving all 270 jobs at the plant and 42 at the headquarters. The deal is subject to antitrust approval.
Aggreko has acquired a 21.5% stake in Shanghai Yude, a Chinese power rental company, to form a joint venture named Shanghai Yude Aggreko Energy Equipment Rental Co Ltd. The deal is part of Aggreko's long-term strategy to expand in China.
HAZEMAG acquired the manufacturing, sales and in-field service rights of Deilmann-Haniel Mining Systems (DHMS) GmbH mining equipment, including a significant number of in-service machines such as loaders, drill jumbos, long hole drill rigs and shaft sinking equipment.
Japanese overhead crane and hoist manufacturer Kito has acquired Finnish overhead and light crane manufacturer Erikkila in an all-share purchase deal.
Far Eastern New Century Corporation (FENC) won the bid for the M&G Polymers USA LLC PET production plant in Apple Grove, West Virginia, for about $34 million. The acquisition includes a research center in Ohio and gives FENC its first resin production plant in the United States.
Aurelius Equity Opportunities completed its acquisition of Abelan Board Industrial S.L., a Southern European producer of core board and solid board packaging, effective January 31, 2018. Abelan will be combined with Aurelius portfolio company Solidus Solutions.
Dragon Products Group completed the acquisition of FabTech's assets from Nalco Champion, a division of Ecolab. FabTech designs and fabricates oilfield production equipment in Casper, Wyoming. Terms were not disclosed.
EagleTree Capital, on behalf of EagleTree Partners IV, acquired a majority stake in Rutherford, New Jersey-based Airtech Group, a maker of vacuum pumps, blowers, compressors and valves, from founder Tom Latsos and other management. Terms were not disclosed.
SIA Engineering Company and GE Aviation signed a joint venture, 51% owned by GE and 49% by SIAEC, to form an engine overhaul company based in Singapore for GE90 and GE9X engines.
Varian Medical Systems acquired radiation oncology quality assurance software maker Mobius Medical Systems for an undisclosed amount. Mobius' QA software is used at over 1,000 sites globally.
Buildmat NV, the holding company above Deschacht Plastics Belgium NV, has acquired D&K Plastics BVBA from Antwerp. D&K Plastics supplies stretch films and PE films for construction and industry.
Broadcom increased its unsolicited bid for Qualcomm to $82 per share, valuing the deal at over $121 billion. The bid is the largest proposed tech merger ever.
Aquafil S.p.A. signed an agreement to acquire Invista's nylon 6 BCF fiber business in Asia Pacific, with a turnover of about $50 million. Closing is expected March 29, 2018.
MacGregor, part of Cargotec, completed its EUR 16 million ($19.8 million) acquisition of Rapp Marine Group (RMG), a deck handling equipment maker for fishery and research vessels. The deal was first announced in December 2017.
Shanghai Daimay Automotive Interior Co. plans to acquire the auto sun visor-related assets and businesses of US-based Motus Integrated Technologies. A binding proposal has been made, but no further details were disclosed.
Digirad Corp. closed the sale of its medical device sales and service business and associated contracts to Royal Philips for $8 million. The divested business provides post-warranty maintenance for large diagnostic imaging equipment in the upper mid-west US.
China Guodian Group signed a merger agreement with National Energy Investment Group on February 5, 2018. After completion, Guodian's subsidiary Longyuan Power's controlling shareholder will change to National Energy Group, with the state-owned Assets Supervision and Administration Commission remaining the ultimate controller.
BASF completed the divestiture of its production site for styrene-butadiene-based paper dispersions in Pischelsdorf, Austria to Synthomer Austria GmbH, a subsidiary of Synthomer plc, after receiving antitrust approval.
Platinum Equity has acquired Green Bay, Wisconsin-based WS Packaging Group, a labels and packaging solutions provider, from J.W. Childs Associates; no financial terms were disclosed.
AxFlow Germany is acquiring Pumpen Karrer, a family-owned pump repair and maintenance firm in Germany's Allgau region, which will become its regional service base and take over the KSB service agreement.
EnerMech has acquired the UK trade and assets of the valves division of Denholm Oilfield Services, known as Denholm Valvecare, for an undisclosed sum. The UK valves business is expected to generate about £7 million revenue this year and about 25 staff transfer to EnerMech.
WestRock agreed to acquire KapStone Paper and Packaging Corp. for about $3.5 billion, or about $4.9 billion including KapStone's net debt of about $1.36 billion. The deal is expected to close in the quarter ending September 30 and generate about $200 million in savings by fiscal 2021.
San Sac Group acquired Proshop, a Russian distributor of vertical balers and waste sorting equipment. Proshop has been Orwak's distributor since 2003.
TTM Technologies Inc. agreed to buy Anaren Inc., a DeWitt-based radar components maker, for $775 million. The acquisition is expected to close in the first half of 2018.
FPS Food Process Solutions has acquired a 10,000 sq. ft. stainless steel fabrication facility in the greater Vancouver area. The acquisition will help maintain quality in materials for its cooling and freezing technology.
Demers Ambulances, a Canadian ambulance manufacturer, is merging with Braun Industries, a US-based custom ambulance manufacturer. The merger aims to increase scale for innovation and growth. Terms were not disclosed.
Hüttenes-Albertus UK Ltd. has fully acquired Tilcon-Hüttenes-Albertus Limited, a joint venture with Hinckleys Limited, and merged it into HA UK, effective 31 January 2018.
Fibertex Nonwovens has acquired DUCI, a Brazilian nonwovens manufacturer, to gain a foothold in the South American market and boost growth in automotives.
Venus Concept Ltd. has entered into an agreement to acquire NeoGraft Solutions' hair restoration business. The acquisition is expected to close in February 2018. Financial terms were not disclosed.
UFP Technologies acquired Dielectrics Inc., a medical device manufacturer based in Chicopee, Massachusetts, with 2017 sales of approximately $43 million.
Piab, a portfolio company of EQT VII, has acquired FEBA Automation, a Germany-based developer and producer of robotic gripping solutions. This acquisition strengthens Piab's position in the robotic gripping segment.
Höganäs AB has acquired 100% of Swiss tooling company Alvier PM-Technology, a manufacturer of high-quality tooling solutions for powder metallurgy. The acquisition took effect January 31, 2018.
Heidenhain Corp., a manufacturer of encoders and numerical controls, has acquired AMO Corp., an Austrian specialty encoder company. AMO's sales operations will be coordinated at Heidenhain in the U.S., while production and engineering remain in Austria.
Wärtsilä agreed to acquire UK-headquartered Transas, a marine navigation and simulation software company with about EUR 140 million annual sales and roughly 1,000 employees, for an enterprise value of EUR 210 million. Closing is expected in the second quarter of 2018.
Xylem Inc announced it acquired Emnet, LLC, described as a provider of smart solutions. Financial terms were not disclosed.
Polymer Solutions Group (PSG), a portfolio company of Arsenal Capital Partners, acquired the assets of Phoenix Chemical Company, Inc., a specialty chemical manufacturer and distributor based in Calhoun, Georgia. The acquisition includes affiliated entities New South Distribution, Inc. and Olive Branch Distribution, Inc.
Indiana natives Scott Wolfrum and Tyler Sadek have acquired Warsaw Chemical, a producer of cleaning products for various industries. Financial details were not disclosed. The headquarters will remain in Warsaw, Indiana, and staff will stay in place.
Pullman-based Decagon Devices and Munich-based UMS AG merged to form Meter Group Inc., combining their food and environmental sensor technology businesses. The merger was effective January 1, 2017.
Linamar Corporation completed its acquisition of 100% of MacDon, a manufacturer of agricultural harvesting equipment based in Winnipeg, Manitoba, Canada.
Evoqua Water Technologies signed a definitive agreement to acquire Pure Water Solutions, a provider of high-purity water equipment and systems with service operations in Colorado and New Mexico.
Trelleborg, through its business area Trelleborg Coated Systems, has acquired Dartex Holdings Ltd, a UK manufacturer of coated fabrics for healthcare and medical industry, with facilities in Long Eaton, England and North Smithfield, Rhode Island, US.
The UK Competition and Markets Authority investigated the anticipated acquisition by Tarmac Trading Limited of certain assets of Breedon Group plc. The case was opened on 1 February 2018 and later cleared with undertakings in lieu.
Advanced Energy Industries acquired Trek Holding Co., a designer and manufacturer of high-voltage amplifiers and electrostatic instruments, for $6.1 million (net of cash acquired). The transaction closed in February 2018.