onsemi agreed to acquire Ferric, an innovator in integrated voltage regulator technology, for $600 million in cash plus up to $175 million in contingent consideration, to strengthen power delivery for AI processors.
onsemi and Synaptics amended their merger agreement, with onsemi acquiring Synaptics for $123 per share in cash, totaling approximately $5.7 billion, down from the prior $7 billion deal.
Dubai Investments acquired an additional 50% stake in Emirates District Cooling (Emicool) from Union Properties for AED 500 million, giving it full ownership of the district cooling company.
F W Thorpe Plc, a UK-based professional lighting producer, has acquired Famostar emergency lighting BV, a Dutch emergency lighting specialist based in Velp. The acquisition was announced on 21 January 2018.
Carl Buddig and Company acquired a 280,000-square-foot former Butterball facility in Montgomery, Alabama, its fourth manufacturing site in the state. Production is expected to begin in spring 2018.
KLX Inc., a provider of aerospace fasteners and logistics services, has acquired THG Corporation (The Hope Group) and all its subsidiaries. The acquisition was announced on January 19, 2018, and no changes to customers or suppliers are expected.
Martin Instrument and Western Data Systems completed a merger to create AllTerra Central, a Trimble solutions provider for surveying and construction markets in Texas and Oklahoma.
High Road Capital Partners completed the acquisition of U-C Coatings, based in Buffalo, New York.
VersaFlex Inc. and Raven Lining Systems merged, combining expertise in polyurea, polyurethane, epoxy and cementitious technologies.
Prysmian Group announced a definitive merger agreement to acquire General Cable in a transaction valued at $3 billion, including debt. The deal is expected to close in Q3 2018.
ICP Construction, a division of Innovative Chemical Products (ICP Group), acquired Arizona Polymer Flooring, a manufacturer of high-performance flooring products and concrete coating systems. The acquisition extends ICP Construction's manufacturing and distribution capabilities to Arizona and the West Coast.
Liberty House, part of GFG Alliance, made an unconditional offer to acquire the assets of Asco Industries and Ascoval, securing nearly 1,600 jobs and 1 million tonnes of steelmaking capacity. Liberty plans to invest over €300 million over five years, including €100 million in capital investment.
Hexion sold its additives technology group (ATG) to Münzing Chemie for approximately $50 million. The sale includes manufacturing sites in Somersby, Australia, and Sungai Petani, Malaysia, and produces specialty chemicals for engineered wood, paper impregnation, and laminating industries.
Estun Automation held the opening ceremony for its German subsidiary M.A.i. (Nanjing) after acquiring 50.01% of M.A.i. for about 8.869 million euros in 2017.
Plastech Beteiligungs GmbH acquired a 74.9% majority stake in Kautex Maschinenbau Group, replacing previous investor capiton AG. The Kautex management team remains significantly involved.
Emerson announced it has acquired ProSys Inc., a global supplier of software and services for the chemical, oil and gas, pulp and paper, and refining industries. ProSys will become part of Emerson Automation Solutions.
SCGP Solutions (Singapore), a subsidiary of SCG Packaging, acquired a majority stake in Malaysian packaging printer Interpress Printers as of January 19, 2018.
Kruger Plastic Products, a custom injection molding manufacturer, was acquired by HC Private Investments.
Saw Mill Capital Partners acquired MeTEOR Education from Hudson Ferry Capital through its second fund.
AOC MetalWorks, a portfolio company of Amzak Capital Management, acquired StampTech, a metal fabrication and stamping company.
Thai Acrylic Fibre Co. (TAF), a group company of Aditya Birla Group, acquired all business activities and assets of PyroTex, a German manufacturer of flame and heat resistant acrylic fibres.
American competitor LKQ acquired the auto parts business of Bavarian automotive supplier Stahlgruber for EUR 1.5 billion. Stahlgruber retains its tire repair division.
Ag Growth International (AGI) acquired CMC Industrial Electronics, a supplier of hazard monitoring sensors, and Junge Control Inc., a manufacturer of automation and blending systems for agriculture and fuel industries.
Hubbell Power Systems has entered into a definitive agreement to acquire Aclara, an affiliate of Sun Capital Partners, for approximately $1.1 billion in an all-cash transaction. The deal is expected to close in Q1 2018.
Sulzer Pumps Solutions has completed the acquisition of JWC Environmental, which will operate as part of its pumps equipment division and remain headquartered in Santa Ana, California.
Ernst Göhner Stiftung, through its subsidiary EGS Beteiligungen, has increased its stake in parquet flooring manufacturer Bauwerk Boen Group to 64.8% by purchasing shares from a Patrimonium Private Equity fund. The remaining 33.2% is held by Johan G. Olsen Group.
Mérieux Développement and Gimv have signed an exclusivity agreement with Stage Capital to acquire Stiplastics Healthcaring, a French manufacturer of plastic solutions for the pharmaceutical and health sectors. The company is based in Saint-Marcellin and expects turnover of EUR 21 million in 2017/2018.
KION Group signed an agreement to acquire a minority stake in Chinese manufacturer EP Equipment, forming an exclusive global strategic partnership for entry-level warehouse equipment. The deal is expected to close in 2018.
Qualcomm announced that the European Commission and Korea Fair Trade Commission have authorized its acquisition of NXP Semiconductors. The deal has now received 8 of 9 required approvals, with China remaining.
Daystar Products International has acquired HCT (Hard Core Tuning), a UTV product and tuning company. HCT's founder Andy Burgio will remain as sales and product development manager.
Framatome announced an asset purchase agreement with Schneider Electric to acquire its nuclear automation business, expanding Framatome's instrumentation and control offerings. The deal is expected to close before the end of Q1 2018.
German tooling specialist Walter AG acquired Comara, owner of the 'appCom' cloud platform. The acquisition expands Walter's digital portfolio and enables production of 'Smart Tools' using real-time data.
Plastech Holding GmbH acquired a majority stake in KAUTEX Holding GmbH, a provider of extrusion blow molding machinery, from KAUTEX Management and capiton AG. Management retains a 25.1% minority stake.
Tricel Group, headquartered in Kerry, Ireland, has acquired Action Pumps Ltd, extending its operations and market share within the UK water industry. The announcement is dated January 18, 2018.
George Industries LLC, a portfolio company of Orangewood Partners, has acquired the assets of Numerical Precision from QCC, LLC. Numerical Precision, based in Wheeling, IL, manufactures components for aerospace and defense.
ICP Construction, a division of Innovative Chemical Products Group, has acquired Arizona Polymer Flooring, a manufacturer of high-performance flooring products and concrete coating systems based in Phoenix, Arizona. The acquisition extends ICP Construction's manufacturing and distribution capabilities to the West Coast.
Indorama Ventures Public Co. Ltd., through its U.S. subsidiary, is bidding as a stalking horse to buy M&G Polymers USA LLC's PET plant in Apple Grove, West Virginia, and R&D site in Sharon Center, Ohio, for $10 million. The sale is subject to bankruptcy court approval.
Vara Maskinimport AB has acquired a majority stake in Ottosson Truck AB, bringing the Hyundai forklift agency into the same group as the Merlo telehandler agency in Sweden.
Boeing and Adient have formed a joint venture, Adient Aerospace, to design and manufacture aircraft seats. Boeing will hold a 49.99% stake.
Adient and Boeing announced the formation of Adient Aerospace, a joint venture to develop, manufacture and sell airplane seating products. Adient holds 50.01% and Boeing 49.99%. Headquarters and initial production plant will be in Kaiserslautern, Germany.
Ingersoll-Rand and Mitsubishi Electric Corporation agreed to establish a 50-50 joint venture for ductless and VRF HVAC systems, pending global antitrust review. The agreement was reported on January 17, 2018.
Vertiv, a provider of critical infrastructure for data centers, acquired privately owned custom air handling manufacturer Energy Labs. The deal bolsters Vertiv's portfolio of large air handling solutions for free cooling in data centers and other commercial segments.
Core Molding Technologies acquired substantially all assets of Horizon Plastics International Inc. for approximately $63 million in cash. HPI operates two facilities in Cobourg, Ontario, Canada and Nuevo Leon, Mexico.
Sulzer completed the acquisition of JWC Environmental, a provider of solids reduction and removal products for wastewater applications. JWC will operate as part of Sulzer's Pumps Equipment division and remain headquartered in Santa Ana, California.
MPD Chemicals acquired Norquay Technology Inc., a specialty chemical manufacturer of chromic, electronic, catalyst, ligand, medical adhesive and UV performance products.
Biotage AB agreed to purchase all outstanding shares of Horizon Technology Inc. for $18.4 million, strengthening its position in environmental applications and food safety.
Wincove Private Holdings acquired Wesco Industrial Products and combined it with Bluff Manufacturing to serve the material handling and warehouse safety products markets.
H.I.G. Capital, through an affiliate, acquired a majority interest in Beinbauer Group, a German supplier of machined metal parts for the commercial vehicle industry. Beinbauer has four production sites in Germany and about 700 employees.
NAURA Technology Group Co., Ltd. completed the acquisition of assets of Akrion Systems LLC for $15 million. The combined entity will operate as NAURA Akrion Inc.
Dr. Johannes Heidenhain GmbH acquired AMO, a specialty encoder company based in St. Peter am Hart, Austria. AMO's sales operations are now coordinated by Heidenhain Corporation in the US, while production and engineering remain in Austria.