Flowtech Fluidpower plc acquired Group HES Ltd, a Gloucester-based fluid power solutions provider with branches in Birmingham, Durham, Gloucester and Leeds, adding it to its Power Motion Control division. The deal was announced on 12 October 2017.
Hanon Systems will establish a joint venture with Chongqing Jianshe Motorcycle Co. Ltd. and Chongqing Jianshe Mechanical & Electrical Equipment Co., subsidiaries of China South Industries Group Corporation, to supply automotive air conditioning and eco-friendly solutions to Changan Automobile Group. The partners will invest a combined 420 million Yuan (approx. $64 million) in registered capital.
ON Semiconductor announced an agreement to purchase a 30% incremental share of Fujitsu Semiconductor's 8-inch wafer fab in Aizu-Wakamatsu, Japan, increasing its ownership to 40%. The purchase is scheduled to close on April 1, 2018, with plans to reach 60% by H2 2018 and 100% by H1 2020.
Cinven announced the sale of CeramTec GmbH, a manufacturer of high performance ceramics, to a consortium led by BC Partners including PSP Investments and Ontario Teachers' Pension Plan. The consideration was undisclosed.
PSC, a portfolio company of Littlejohn & Co., acquired all outstanding ownership interests of HydroChem, combining the two companies to create HydroChemPSC, a premier industrial cleaning and environmental services company.
SK Global Chemical, an affiliate of SK Innovation, signed a deal to acquire Dow Chemical's polyvinylidene chloride (PVDC) business for an estimated $100 million.
Parsons has acquired Williams Electric Company, a privately held company specializing in control system integration, electrical and general contracting, and energy infrastructure solutions. Williams Electric is headquartered in Ft. Walton Beach, FL.
Qualcomm has offered to acquire NXP Semiconductors for $38 billion, but has proposed to exclude some patents to address EU antitrust concerns. The offer was submitted to the European Commission on October 5, 2017.
Radial Capital Partners, a Munich-based investment company, is acquiring Lindenfarb Textilveredelung, a textile finishing company in Unterkochen, Germany, out of insolvency proceedings. The acquisition was approved by creditors on October 9, 2017.
Porcher Industries has completed the acquisition of Interglas Technologies GmbH, a German producer of technical fabrics for aeronautic, industrial, electrical and building applications, from the Preiss Daimler Group.
HMC Premedical S.p.A has purchased a controlling interest in the Medicina Group, an international distributor of enteral nutrition products.
Integrated Packaging Group agreed a merger with Pro-Pac Packaging in a share sale deal valued at $177.5 million, creating a flexible packaging leader across Australia and New Zealand. Shareholder vote is expected end of October with tentative completion November 6, 2017.
Herose Group and Mack Valves concluded discussions to create a joint venture company combining their industrial and cryogenic gas valves businesses. The agreement was revealed on 10 October 2017.
The Federal Trade Commission approved Integra LifeSciences' request to purchase DePuy Synthes’ Codman Neuro division.
Centinel Spine entered into an asset purchase agreement to acquire the ProDisc Total Disc Replacement portfolio from DePuy Synthes, with closing expected in November 2017.
Zinc Oxide LLC has acquired Zochem, a subsidiary of American Zinc Recycling LLC. The combined company becomes the largest zinc oxide producer in North America with expected 2017 sales of approximately $250 million.
Dangote Cement pulled out of its bid to acquire the share capital of South Africa's PPC Ltd, notifying PPC's board that it no longer has an interest.
Materialise acquired ACTech, a German manufacturer of small-series complex metal castings, for EUR 36.3 million in cash to strengthen its metal 3D printing capabilities.
IndiGrid approved the acquisition of three power transmission assets from Sterlite Power Grid Ventures Ltd for INR 14.9 billion, increasing its AUM by 40%.
General Motors acquired LIDAR technology company Strobe, Inc. to join its Cruise Automation team and develop next-generation LIDAR solutions for self-driving vehicles.
Avedon Capital Partners acquired a majority stake in Wilhelm Altendorf GmbH & Co. KG, the globally leading manufacturer of saws for wood, metal and plastics processing, based in Minden, Germany. The transaction closed on October 6, 2017.
The private owners of Spitznas Maschinenfabrik in Velbert, Germany, and Transtools in Lublin, Poland, agreed to sell their entire shareholding to an investment vehicle managed by ARCUS Capital AG. Clairfield advised the sellers.
Emmepi Group has acquired Favalessa Spa, an Italian manufacturer of peripheral equipment such as pre-feeders, palletisers, and vacuum stripper stackers.
Albis Plastic GmbH acquired Wipag Group, gaining cutting-edge carbon fiber reinforced plastics (CFRP) technology. The deal was announced on October 6, 2017.
Parquest Capital acquired French rental company Accès Industrie in a deal valuing it at €100 million.
Shareholders approved the business combination of Keopsys and Quantel Groups, creating a new European laser group with over €80 million in revenue and more than 400 employees.
Amteck has acquired Proformance Group Incorporated (PGI), a South Carolina-based electrical automation expertise business with over 40 years of experience. The acquisition expands Amteck's capabilities in automation process systems.
John Wood Group plc completed the acquisition of Amec Foster Wheeler plc for £2.2 billion. The deal was announced on March 13, 2017, and closed on October 5, 2017, with Amec shareholders owning 44% of the combined group.
Compass Health Brands, a provider of medical devices for homecare and rehabilitation, acquired Richmar, a developer and manufacturer of therapy modality devices and consumables based in Chattanooga, Tennessee. The acquisition strengthens Compass Health's position in the rehabilitation market.
Kele, Inc. announced the acquisition of Control Consultants, Inc. (CCI), effective September 29, 2017, combining their building automation and HVAC product distribution.
PowerSphyr Inc., a California-based developer of wireless charging technology, has acquired Gill Electronics, a Grand Rapids-based contract manufacturer. The acquisition brings production and engineering capabilities in-house.
Hæhre & Isachsen Maskinutleie AS has signed a letter of intent to acquire 50% of the shares in Ekspert Maskinutleie AS. The acquisition is planned to take effect from January 1, 2018.
Dialog Semiconductor agreed to acquire California-based Silego Technology for up to $306 million ($276 million cash plus $30.4 million contingent consideration). The deal is expected to close by end of 2017.
Fayat Group completed the acquisition of Dynapac, effective October 4, 2017. The deal includes sales and service operations in 37 countries and production units in Sweden, Germany, Brazil, and China.
Boeing plans to acquire Aurora Flight Sciences, a developer and manufacturer of advanced aerospace platforms and autonomous systems. The transaction is expected to close following regulatory approvals, with Aurora becoming a subsidiary under Boeing Engineering, Test & Technology.
Hiab completed the formal process to acquire the loader crane business of Argos Guindastes Indústria e Comércio Ltda. The transaction was announced on August 1, 2017.
Adaptalift Group announced its acquisition of Budget Forklifts. The deal closed on September 4, 2017. Purchase price was not disclosed.
Honeywell International Inc. is pursuing an acquisition of water-filtration company Evoqua Water Technologies, which is valued at around $3 billion including debt. Evoqua is owned by AEA Investors LP and was preparing for an IPO.
Ellwood Group, Inc. agreed to purchase the assets of Wolf Creek Machine, Inc., a specialist in machining large forgings based in Grove City, Pennsylvania. The acquisition will add machining capability to Ellwood City Forge Group.
Private-equity-owned CoolSys has acquired Certified Refrigeration and Mechanical, according to PE Hub. The article gives no price or location details.
Mitsubishi Chemical acquired a 44% stake in CPC, an Italian carbon fiber machining company, from CEO Franco Iorio. The agreement was signed on October 4, 2017.
Camfil AB has acquired Spanish family company Servifiltro, which has sales of more than EUR 10 million and 75 employees. Servifiltro designs, manufactures and supplies air filtration products.
MPE Partners announced the recapitalization of Bettcher Industries, a manufacturer of equipment for food processing and other markets. MPE will invest alongside Bettcher's employees, with the ESOP retaining a minority stake.
Cleveland-Cliffs bought out U.S. Steel's stake in a mining operation in Michigan's Upper Peninsula.
Kenda Rubber Co. has acquired Starco Europe, effective October 4, 2017. The acquisition is part of Kenda's 'Focus on Europe' strategy to gain better market access in the region.
Brand Industrial Services (BrandSafway) acquired Waveland Services, Inc., a national offshore coatings company, effective October 4, 2017. Waveland is based in Eunice, Louisiana, and employs up to 200 people.
Duna-Dráva Cement Kft. (DDC) is acquiring Readymix Hungária Kft., its subsidiaries, and their investments, after approval from the Hungarian Competition Authority on October 3, 2017. The takeover is expected to take effect in November 2017.
Linde Material Handling AB, which already owned 25% of Nordtruck AB, acquired the remaining shares to fully own the company, integrating it into its regional organization in Sweden.
Tetra Pak acquired Big Drum Engineering GmbH, a German supplier of filling machines for the ice cream industry. The deal extends Tetra Pak's end-to-end solutions for ice cream manufacturers.
Chinese motor manufacturer SEC Holding Co., Ltd. has acquired the drive technology specialist VEM Group, a member of the Merckle Group, which manufactures electric drive systems, custom motors and special machines. The sale includes all worldwide locations.