Severn Trent Plc approved the sale of its North American business operations to a group led by current U.S. management and backed by PPC Enterprises LLC and Alston Capital Partners LLC, forming an independent American company effective July 3, 2017.
Qualcomm and TDK announced a joint venture, RF360 Holdings, to develop fully integrated RF front-end modules and filters. Qualcomm will hold 51% and TDK 49%, with a total estimated transaction value of USD 3 billion.
Wärtsilä has closed the acquisition of Greensmith Energy Management Systems Inc., a grid-scale energy storage software and solutions provider, for USD 170 million. Greensmith will operate as a business unit within Wärtsilä Energy Solutions.
Akzo Nobel NV is acquiring UK-based Flexcrete Technologies Ltd. and French manufacturer Disa Technology (Disatech) to strengthen its coatings business. Financial details were not disclosed.
British power generation company Aggreko has acquired German-U.S. battery storage specialist Younicos for £40 million ($52 million) in cash. Younicos will report to Aggreko's CEO.
HP Pelzer Holding GmbH, a subsidiary of Adler Pelzer Group, acquired the entire share capital of CAB Automotive Limited from Advancel Limited for an undisclosed amount. CAB Automotive is a UK-based manufacturer of automotive interior solutions.
AK Steel has announced the acquisition of Precision Partners Holding Co. for $360 million in cash. Precision Partners specializes in tooling, die making, and stamping of automotive components.
NCI Inc is to be acquired by H.I.G. Capital, LLC for approximately $283 million ($20.00 per share). NCI will become a privately held company.
Rieter is acquiring the textile machinery division of Schweiter for nearly 125 million Swiss francs.
Israeli private equity fund Fortissimo is acquiring Tuttnauer, a maker of sterilization equipment, for $100 million.
Henkel completed its acquisition of the global Darex Packaging Technologies business, based in Massachusetts, for $1.05bn on a cash and debt-free basis. Darex makes sealants, coatings and cans for the metal packaging industry.
Zuse Holding GmbH is buying the Hüller Hille assets of FFG Werke GmbH, including the Diedesheim plant, brand and products. The company will operate as Zuse Hüller-Hille Werkzeugmaschinen GmbH and relocate to Mosbach, retaining 185 employees and 15 apprentices.
BMJ Stone purchased Tennessee Building Stone on July 1, 2017, and plans to revitalize the facilities with new equipment including an automated splitter line, water filter, and multi-blade saw.
Linde Material Handling acquired Comnovo, a developer of radio-based wireless warning systems for collision avoidance, in July 2017.
Intertape Polymer Group Inc. completed the acquisition of substantially all assets of Canadian Technical Tape Ltd. (Cantech), a North American supplier of industrial and specialty tapes based in Montreal, for approximately $67 million.
Hosco acquired an unnamed aerospace components manufacturer. The article provides no further details on the target or deal value.
Emefcy and RWL Water merged to form a new company called Fluence, effective July 1, 2017.
GeoSea, owned by DEME Group, acquired full ownership of A2SEA from DONG Energy and Siemens. A2SEA will continue to operate out of Denmark providing offshore wind turbine service and installation.
Mann+Hummel Group entered into a binding agreement to acquire Jack Filter Lufttechnik and Jack Filter Hungaria, expanding its product portfolio in HVAC and HEPA filters.
Mittler Bros. Machine & Tool purchased and acquired Cellular Concepts (CellCon) of Detroit, MI. CellCon will relocate operations to Mittler Bros.' facility in Wright City, MO, and continue operating under the CellCon name.
Japan's Nidec Corp has taken a 100% ownership interest in LGB Elettropompe Srl, an Italian commercial pump and motor manufacturer. The article is dated 1 July 2017 and gives no price.
Hyundai Heavy Industries and Saudi Aramco plan a joint venture in Saudi Arabia to produce engines and marine pumps. The article is dated 1 July 2017 and gives no value or site.
A group of investors led by the Dutil family, including American Industrial Partners, Caisse de dépôt et placement du Québec, and Fonds de solidarité FTQ, completed the acquisition of Canam Group Inc. for approximately $875 million, including assumption of debt. The transaction closed on June 30, 2017.
AK Steel Corporation, a subsidiary of AK Steel Holding Corporation, entered into an agreement to acquire all membership interests in PPHC Holdings, LLC for $360 million on a cash- and debt-free basis. PPHC is headquartered in Ontario and employs over 1,000 people across eight plants.
Impilo acquired 37 percent of the shares in Ferrosan Medical Devices, a manufacturer of hemostatic products and miniature electrical engineering, from a consortium of Nordic investors. The transaction closed at the end of June 2017.
KSG Leiterplatten GmbH acquired 100 percent of Austria-based PCB manufacturer Häusermann GmbH, effective June 30, 2017.
The FTC granted approval for CEOF AIV Cayman, L.P. to acquire Commercial Metals Company, including its subsidiaries Cometals USA LLC and Cometals Europe Sarl.
Berry Global purchased Adchem Corp., a Riverhead-based developer of high performance adhesive tape systems. Adchem will be combined with Berry's Engineered Materials Division.
Bedrock Industries Group LLC completed its acquisition of Stelco Inc. (formerly U.S. Steel Canada), which emerged from CCAA protection. The deal closed on June 30, 2017.
BEWi has acquired 60% of Solupak, a Finnish manufacturer of insulation products, for approximately SEK 50 million in sales. The acquisition strengthens BEWi's position in Finland.
Komatsu has completed its acquisition of Joy Global, combining Komatsu-brand surface mining equipment with P&H, Joy and Montabert brands for a complete range of mining solutions.
Upstate Niagara Cooperative will acquire Kraft-Heinz's Campbell, New York facility, investing $10 million in new machinery and equipment, saving at least 150 jobs.
Litorina sold its holding in Sveba Dahlen, a manufacturer of ovens and baking equipment, to Middleby Corporation, a global foodservice equipment leader.
Stonebridge Partners closed on Cast-Crete USA, a producer of precast concrete products for residential and commercial masonry construction, based in Steffner, Florida.
The Middleby Corporation acquired CVP Systems, a manufacturer of high-speed packaging systems for the meat processing industry based in Downers Grove, Illinois, with approximately $20 million in annual revenues.
AIM-listed pumps and motors group Hayward Tyler agreed an all-share merger with fellow AIM engineer Avingtrans, valuing Hayward at 51.6p per share, subject to shareholder approval of a scheme of arrangement.
DuBois Chemicals, a specialty chemicals manufacturer, acquired Blue Star Lubrication Technology, a provider of high performance industrial lubricants and metalworking fluids.
Semtech Corporation signed a definitive agreement to acquire AptoVision Technologies Inc., a provider of Video over IP solutions, for a cash purchase price of $28 million and contingent consideration of up to $47 million.
Ufenau Capital Partners sold its stake in NRW Building Technology Holding GmbH (NRW-Gruppe), a building equipment provider, to a fund advised by Bregal Unternehmerkapital.
Toner Plastics Group merged with Streamline Plastics Co. Inc., acquiring its injection molding and extrusion operations to expand its capabilities.
Brenntag signed an agreement to acquire 100% of Wellstar Group, a specialty chemical distributor in China, in two steps: a 51% stake in 2017 and the remaining 49% by 2021.
Kaiser Premier LLC, a subsidiary of Kaiser AG of Liechtenstein, acquired Premier Oilfield Equipment (POE), a manufacturer of hydro-excavation vehicles and storage tanks in Fort Morgan, Colorado. The acquisition allows Kaiser Premier to enter the wastewater industry.
Danaher's ChemTreat subsidiary acquired Lipesa Colombia, a manufacturer of specialty chemicals for water treatment and other applications, in 2015 to strengthen its presence in South America.
Doosan Heavy Industries signed an MOU on June 28, 2017 (local time) to acquire ACT, a Houston-based gas and steam turbine repair service provider, for an undisclosed amount. The deal aims to secure a foothold in the US gas turbine market.
Synalloy Corporation acquired a 3% ownership stake in Universal Stainless & Alloy Products and presented an initial merger proposal to Universal Stainless's board on June 29, 2017. The proposal was rejected by Universal Stainless's board.
Fassa Bortolo closed three acquisitions in 2017 (Calce Barattoni, Q Mix, Impa) and will soon add a fourth (Vilca). The acquisitions expand its lime production capacity to 2,500 tonnes per day and add premixed plasters and paints to its portfolio.
Ensign-Bickford Industries, Inc. (EBI) announced it has closed on the acquisition of Honeybee Robotics, Ltd., headquartered in Brooklyn, New York. Honeybee Robotics will become a fourth business within the EBI family, supporting space and defense markets.
SAMSON AKTIENGESELLSCHAFT and Bilfinger SE have formed a joint venture, ubix GmbH, with SAMSON taking a majority stake. ubix is a digitalization and automation platform for energy, process industry, and mechanical engineering.
Siemens is set to acquire MRX Technologies Group, headquartered in Perth, Australia, to expand its predictive maintenance offerings for rail systems. The group includes JRB Engineering, MRX Technologies, MRX Rail Services, and MRX Rail Service UK. Closing is expected in early July 2017.
PIA Automation Holding GmbH has completed the acquisition of M&R Automation GmbH, creating a global automation specialist with around 1,100 employees and expected 2017 sales of over €220 million. The combined entity will operate under the PIA Automation brand.