Phatisa reached an agreement to buy Torre Industries' remaining shareholding in Kanu Equipment Limited, increasing Phatisa's stake to 85% and management's to 15%. Kanu is a heavy-equipment supplier in Africa.
Nexans now holds 100% of Nippon High Voltage Cable Corporation (NVC), a joint venture previously owned with Viscas, to support submarine high voltage power cable production.
Ultra Electronics Holdings plc agreed to acquire Sparton Corporation for $23.50 per share in cash. The transaction is expected to close no later than January 1, 2018.
Guangdong Investment, through its subsidiaries Guangdong Water (Hong Kong) and Guangdong Water Shares, invested RMB 1.638 billion and RMB 66.8879 million respectively to acquire a combined 51% stake in Shantou Water Supply Company. After the transaction, Guangdong Water (Hong Kong) holds 49%, Guangdong Water Shares holds 2%, and Shantou City Construction holds 49%.
Entellus Medical has agreed to acquire Spirox, a maker of the Latera Absorbable Nasal Implant, for $25 million in cash and approximately 3.4 million shares of Entellus common stock worth about $56 million.
The owners of Rompa Beheer BV have sold their company shares to a Luxembourg-based meat processing group. The acquisition includes Rompa Leather.
ÅF acquired Eitech's automation business, which has an annual turnover of approximately SEK 90 million and 42 employees based in Umeå, Stockholm, Malmö and Gothenburg. The acquisition will be consolidated from September 1, 2017.
Sauer Compressors Holding has acquired a 100% shareholding in HAUG Kompressoren AG of St. Gallen, Switzerland, which has been renamed HAUG Sauer Kompressoren AG. The deal adds oil-free and gas-tight piston compressors to Sauer's range.
ScentLok Technologies acquired rival Robinson Outdoor Products, including its ScentBlocker, ScentShield, Tree Spider and Whitewater Outdoors brands and all intellectual property. The deal closed on July 6, 2017.
Circa Enterprises Inc. acquired Guardian Telecom Inc., a Calgary-based telecom equipment manufacturer, for approximately $3.5 million in cash. Guardian will operate as a division of Circa.
C.H. Guenther & Son, a San Antonio-based manufacturer, has acquired Les Plats du Chef Inc., a Montreal-based frozen food manufacturer, from Claridge Inc. The terms of the transaction were not disclosed.
The European Commission sent a Statement of Objections to General Electric alleging it provided incorrect or misleading information during the investigation of its acquisition of LM Wind Power. The merger was cleared on 20 March 2017.
Datamine, a subsidiary of Constellation Software, acquired Pitney Bowes' MapInfo Discover suite, a software suite for the mining and exploration industry.
Konica Minolta signed a definitive agreement to acquire Ambry Genetics for up to $1 billion, with $800 million paid upon closure and up to $200 million in additional payments.
Boral Ltd. consummated a $2.6 billion takeover of Headwaters Inc. following FTC clearance, forming a new division Boral North America with $1.8 billion in annual sales.
Lonza completed the acquisition of Capsugel from KKR for USD 5.5 billion in cash, including refinancing of approximately USD 2 billion in existing Capsugel debt.
NOVA Chemicals completed the acquisition of Williams Partners' indirect 88.46% ownership interest in the Geismar, Louisiana olefins plant, along with 525 acres of adjacent land and interest in the Ethylene Trading Hub.
Tharisa Minerals' R303.3-million deal to acquire equipment and infrastructure from MCC Contracts has been approved by the Competition Commission. The deal includes 153 yellow fleet machines and transfer of about 900 employees.
Toray Industries agreed to acquire a 28.03% stake in Hong Kong-based Pacific Textiles Holdings from Far East Asia Limited for HK$4,053,940,000. Closing is expected mid-July 2017.
AFGlobal, a Houston oil and gas OEM, acquired Advanced Measurement Inc., a Calgary-based provider of automation, controls and data management systems, previously a subsidiary of Key Energy Services. The deal was announced July 6, 2017.
Hitachi published a notice setting the transfer execution date for its acquisition of a U.S.-based air compressor manufacturer. The article gives no target name, value or closing details.
TTI Inc. has acquired Symmetry Electronics, a privately held semiconductor distributor based in Hawthorne, California. Symmetry will operate as a wholly-owned subsidiary of TTI with current management remaining in place.
Evoqua Water Technologies LLC acquired ADI Systems Inc, Lange Containment Inc and Geomembrane Technologies Inc from ADI Group Inc. The deal expands Evoqua's position in industrial wastewater solutions. Financial terms were not disclosed.
StandardAero and Airbus entered exclusive negotiations for StandardAero to acquire Vector Aerospace, a global MRO company with 22 locations and revenues of $704.8 million in 2016. The transaction is subject to approvals.
Emerald Transformer, a division of Versatile Processing Group, acquired the Transformer Services group of Clean Harbors Inc. The acquisition expands Emerald's national footprint to 10 locations across the United States. Financial terms were not disclosed.
Stratosphere Quality, a quality assurance and outsourcing services provider, was acquired by Sojitz Corporation (majority shareholder) and Green Tec Corporation. Founder Steve Cage will remain on the advisory board.
Faurecia signed a joint venture agreement with Dongfeng Motor Parts & Components Group for its Clean Mobility business. The new company, located in Xiangyang, will begin operations in 2018 and aims for annual sales of 1.2 billion RMB by 2021.
Advanced Energy Industries Inc has acquired Excelsys Technologies, a privately held company based in Cork, Ireland, in an all-cash transaction for EUR15.5 million, strengthening its specialty power portfolio.
Linamar Corporation has filed conditional offers to acquire assets of French companies SAM and FVM, and 100% of Spanish company Alfisa for about EUR6 million. The three companies specialize in high pressure die-cast aluminium components for the automotive industry.
Brenntag AG has signed an agreement to acquire 100% of Wellstar Group shares, with a 51% majority stake in 2017 and the remaining 49% by 2021. Wellstar Group is a Hong Kong-based specialty chemicals distributor with subsidiaries in Shenzhen, Guangzhou, and Shanghai.
Tornum AB has acquired all outstanding shares in Silokonsult Göran Persson AB, a Swedish supplier of machinery and planning for the grain and milling industries. The acquisition strengthens Tornum's position as a leading supplier of grain processing equipment in Sweden.
AkzoNobel acquired UK-based Flexcrete Technologies and agreed to buy French manufacturer Disa Technology (Disatech) to strengthen its coatings business. Financial terms were not disclosed.
Anadolu Cam Sanayii A.Ş. transferred its 50% shares in Omco İstanbul Kalıp Sanayi ve Ticaret A.Ş. to its joint venture partner Omco International N.V. The transaction was completed on June 12, 2017.
Groupe Renault and Brilliance China Automotive signed a binding framework agreement to form a joint venture for manufacturing and selling light commercial vehicles in China. Renault will purchase a 49% stake in Shenyang Brilliance JinBei Automobile Co., Ltd.
Panasonic completed the acquisition of an additional 20% of Ficosa's shares, increasing its ownership to 69% and making Ficosa a consolidated subsidiary. The deal closed on July 4, 2017.
French investment firm Eurazeo acquired a 70% stake in Spanish flavours and fragrances company Iberchem for €270 million. Iberchem operates 11 manufacturing facilities and is active in over 100 countries.
China's State Council approved the merger of China National Machinery Industry Corporation (Sinomach) and China Hi-Tech Group Corporation. The textile conglomerate becomes a wholly-owned subsidiary of Sinomach.
OMB Valves s.p.a. signed on 5 July 2017 to acquire the Vogt Valves division from Flowserve Corporation for approximately $28 million and completed the deal on 6 July 2017, with an expected gain of about $10 million for Flowserve.
Henkel completed its acquisition of the Germany-based Sonderhoff Group, which makes foamed-in-place gasketing solutions and customised dosing equipment. The price was undisclosed.
Halliburton announced it will acquire Tulsa, Oklahoma-based Summit ESP, which makes pumps for artificial lift in oil and gas wells. Financial terms were not disclosed.
Timken India Ltd., a majority-owned subsidiary of The Timken Company, agreed to merge with ABC Bearings Ltd., a maker of tapered, cylindrical and spherical roller bearings based in Mumbai with plants in Bharuch and Dehradun, in a share-based deal subject to Indian approvals.
Culligan International has reached an agreement to acquire 100% of Zip Industries, a supplier of instant drinking water appliances. The deal is expected to complete in August 2017 for an undisclosed sum.
Dubai Investments is in initial talks to acquire Union Properties' 50% stake in Emirates District Cooling LLC (Emicool), a district cooling service provider. The value of the stake was not disclosed.
RF Micro Devices (RFMD) has agreed to acquire Filtronic Compound Semiconductors Ltd, a subsidiary of Filtronic PLC, for approximately £12.5 million in cash. The deal includes a GaAs wafer fabrication facility in Newton Aycliffe, UK, and a millimeter wave RF semiconductor business.
GFG Alliance signed a binding agreement to acquire Arrium, the integrated Australian mining and steel business, out of administration, securing jobs of over 5,500 Australian workers and including iron ore mining, Whyalla Steelworks, OneSteel, and Australian Tube Mills.
J.L. Lennard merged its Packaging Machinery Division in New Zealand with Tech-Pack (NZ) to form J.L. Lennard Packaging, a division of the Australasian network of J.L. Lennard Limited.
Schneider Electric has acquired Austrian deep-tech company nxtControl, a specialist in automation software based on the IEC 61499 standard. The exit value is in the eight-digit euro range.
Faurecia signed a joint venture agreement with Dongfeng Motor Parts & Components Group for its Clean Mobility business in Wuhan, China, on 4 July 2017. The JV is set to start operations in 2018.
Progressio Investimenti II Fund acquired a 70% stake in Garda Plast, an Italian producer of PET preforms, from the Tonoli family, which retains 30%.
POWER Engineers Incorporated closed a deal to acquire Sega Inc., a Kansas City-based consulting engineering firm specializing in power generation and power delivery, strengthening POWER's U.S. presence in power engineering markets.