Daikin is set to acquire Australian air conditioning maintenance company Airmaster for JPY8bn (US$71.6m) through its subsidiary Daikin Australia Pty. Airmaster has 700 employees and sales of around US$100m.
RESA Power, LLC has acquired Power Plus Engineering Inc., based in Wixom, MI, to expand its engineering and service offering for power distribution equipment in the Midwest.
Polyhose Group acquired the construction equipment manufacturing facility of the Ashok Leyland-John Deere joint venture. The group plans to invest Rs 100-120 crore in the new business and start manufacturing construction equipment within a year.
Ericsson signed an agreement to divest its Ericsson Power Modules business to Flex. The transaction includes a manufacturing site in China and business assets in Sweden, with over 300 employees transferring to Flex. Expected to close in Q3 2017.
Saint-Gobain entered exclusive talks to acquire the shares of Glava A/S, a Norwegian insulation manufacturer, from its founding families and shareholders. Saint-Gobain already owned 17.08% of Glava. The acquisition is subject to Norwegian anti-trust approval.
WEG S.A. announced the acquisition of CG Power USA Inc., a transformer manufacturer in Washington, Missouri, with three plants and 452 employees, for an undisclosed amount.
Centrica plc agreed to sell its Langage and South Humber Bank combined cycle gas turbine power stations (combined capacity 2.3 GW) to EP UK Investments Ltd for £318 million in cash.
Bekaert and ArcelorMittal closed the transaction to integrate Bekaert's wholly-owned subsidiary in Sumaré, Brazil, into the BMB joint venture, with ArcelorMittal becoming majority shareholder (55.5%) and Bekaert retaining 44.5%.
Golden West Packaging Group bought four independent packaging companies in Northern California, Heritage Solutions, Capital Corrugated, PackageOne and Packaging Innovators Corporation, plus their co-owned sheet feeder Cal Sheets, for an undisclosed value.
Kirloskar Oil Engines will acquire a 76% stake in Ahmedabad-based electric pump maker La-Gajjar Machineries at 7.89 times EBITDA, with the remaining 24% to be bought over five years; the amount was not disclosed.
Total Energy Services Inc. completed its acquisition of Savanna Energy Services Corp. after Savanna shareholders approved the amalgamation with 99.99% of votes in favor. Savanna becomes a wholly-owned subsidiary of Total Energy.
Liberty Speciality Steels acquired the UK-headquartered speciality steels business from Tata in a £100m deal, aiming to expand its aerospace market share.
Accuride Corp. entered into an agreement to acquire Mefro Wheels GmbH, a German supplier of steel wheels, with manufacturing operations in Germany, France, Turkey, Russia and China. The acquisition will create a global supplier employing about 5,000 people at 15 facilities.
Toshiba Corp will select a Japanese government-led consortium of Japanese, U.S. and South Korean firms and funds to buy its semiconductor business, with a bid clearing the 2 trillion yen ($18 billion) minimum.
Buzzi Unicem signed an agreement to buy 100% of Italian cement peer Cementizillo for a fixed amount of €60 million plus over 450,000 Buzzi shares worth about €10.2 million, with additional payments up to €21 million. A 47.9% stake was acquired for €22.6 million, with the remainder to be taken over in July 2017.
MPE Partners announced the merger of its portfolio company Polytek Development Corp with California Medical Innovations, forming a nationally integrated specialty chemicals provider. Terms were not disclosed.
The Competition Commission of India approved Sumitomo Corporation's acquisition of a 49% stake in Mukand Alloy Steels Pvt Ltd, a joint venture with Mukand Ltd to manufacture hot rolled wire rods and bars.
Heico Corp's flight support group has acquired 100% of Carbon by Design, an innovative composites manufacturer. The purchase price was not disclosed.
Kaneka Corporation, through its subsidiary Kaneka Americas Holding, agreed to acquire all shares of Applied Poleramic Inc. (API) for approximately USD 15 million. API is a formulated advanced resin supplier for aerospace composites, and the acquisition marks Kaneka's full-scale entry into the aerospace business.
Qingdao Haier Co., Ltd. will acquire 100% of Fisher & Paykel Production Machinery Limited (PML) from Fisher & Paykel Appliances Limited for $48.615 million USD, to strengthen its smart manufacturing capabilities.
Carrier Enterprise, a Watsco-Carrier joint venture, acquired a 35% ownership stake in Russell Sigler, Inc., a western U.S. HVAC distributor with about $650 million in annual sales, for approximately $63.6 million in cash.
PerkinElmer entered into a definitive agreement to acquire German diagnostics company EUROIMMUN for $1.3 billion. The acquisition is expected to close in Q4 2017.
Celanese and Blackstone have agreed to form a joint venture combining Celanese's Cellulose Derivatives and Blackstone's Rhodia Acetow businesses. Celanese will own 70% and Blackstone 30%. The JV will distribute $1.6 billion in cash to Celanese at close.
A partnership led by CCMP Capital Advisors and MSD Partners, including Alberta Investment Management Corporation, has entered into a definitive agreement to acquire Hayward Industries, a global pool equipment manufacturer.
Stryker Corporation announced a definitive agreement to acquire NOVADAQ Technologies Inc. for US$11.75 per share, or US$701 million (net purchase price US$654 million). NOVADAQ is a developer of fluorescence imaging technology for surgical procedures.
ENGIE acquired a 40% stake in National Central Cooling Company PJSC (Tabreed) from Mubadala Investment Company, making ENGIE a key shareholder alongside Mubadala which retains 42%. The transaction is subject to regulatory approval.
Electric Research and Manufacturing Cooperative, Inc (ERMCO) announced a definitive agreement to acquire GridBridge Corporation, a power delivery systems company. Financial terms were not disclosed.
YIT Corporation and Lemminkäinen Corporation agreed to combine through a merger, creating a company with preliminary combined annual revenue of approximately EUR 3.4 billion and around 10,000 employees. Lemminkäinen will be merged into YIT.
Gardner Aerospace, Europe's largest supplier of aerospace detailed parts, announced the completion of its acquisition by Ligeance Investments Ltd, a Hong Kong-based subsidiary of Shaanxi Ligeance Mineral Resources, for over £300 million.
Xinjiang Urban Construction (Group) Co., Ltd proposed to acquire a 95% stake in Zhuolang Intelligent Machinery Co., Ltd. for CNY 9.7 billion.
First Reserve agreed to acquire the integrity maintenance platform of EMS USA, Inc., a provider of pipeline integrity, maintenance and repair services for midstream and downstream energy customers.
Enerflex agreed to acquire the compression business of Mesa Compression, LLC in the United States for $106 million in cash, adding a fleet of about 112,000 hp in the Permian and Scoop/Stack basins.
ThyssenKrupp and Tata Steel have made progress in merging their European steel operations, potentially forming a 50:50 joint venture expected to save 500 million euros. ThyssenKrupp may also merge its material services division with Klöckner.
Arsenal Capital Partners sold Flowchem, a manufacturer of pipeline performance products, to KMG for $495 million. Flowchem's adjusted EBITDA was approximately $43 million over the past twelve months.
Japanese auto parts supplier Topy Industries will acquire a 26% minority stake in Wheels India Cars Wheels Ltd, a wholly owned subsidiary of Wheels India, for an undisclosed amount. Plans include setting up a new plant in Gujarat, India.
Huron Inc., a Worth Township-based automotive parts manufacturer, will merge with Dynamic Technologies under Ardian. The merger is expected to close at the end of June 2017 and will not affect plans to add 181 jobs.
JBT Corporation signed a definitive agreement to acquire Aircraft Maintenance Support Services, Ltd. (AMSS), a UK-based manufacturer of military aviation equipment, for £10 million. The transaction is expected to close in Q3 2017.
Körber AG completed the acquisition of MTC S.R.L., a developer and manufacturer of tissue converting machines based in Lucca, Italy, effective June 14, 2017, to expand its Business Area Tissue.
FRP Advisory sold the business and assets of Rochdale-based TBA Textiles Ltd to the Fothergill Group, securing all 57 jobs. TBA Textiles had entered administration on 30 May 2017.
GE Aviation acquired OC Robotics, a UK-based designer and manufacturer of snake-arm robots for confined and hazardous environments. OC Robotics will become part of GE Aviation's Services Organization.
RIX Industries, a Benicia, California compressor maker, announced it acquired Qdrive, a subsidiary of Chart Industries, including its assets and IP to expand RIX's cryogenics business. The announcement is dated June 16, 2017.
Warburg Pincus announced it will acquire Duravant, a packaging, food processing and material handling equipment maker, from Odyssey Investment Partners.
China-backed Canyon Bridge Capital Partners has refiled its proposed $1.3 billion acquisition of Lattice Semiconductor Corp with CFIUS for the second time.
Intertape Polymer Group agreed to acquire a minimum 55% interest in Capstone Polyweave Private Limited for approximately $13 million. The partnership is expected to lead to a greenfield manufacturing facility costing about $30 million.
Liberty Hall Capital Partners acquired Dunlop Aircraft Tyres Ltd., a designer, manufacturer and retreader of aircraft tires, in a transaction valued at $135 million.
A Korean consortium led by Newlake Alliance Management and JB Asset Management, supported by POSCO, was selected as the preferred bidder for Arrium, which runs the Whyalla steelworks in South Australia.
Qualcomm announced that the Taiwan Fair Trade Commission cleared its pending $47 billion acquisition of NXP Semiconductors, following similar U.S. FTC approval.
Trinseo signed a definitive agreement to acquire API Applicazioni Plastiche Industriali, a company in the plastics sector.
PDQ Workholding LLC was acquired by Walter, a division of Sandvik Machining Solutions, in June 2024. The acquisition aims to strengthen PDQ's ability to provide turnkey projects with access to premium cutting tools.
Nippon Rika Industries Corporation acquired 100% of Canadian Bartech Machinery Inc. and a majority stake in Swiss Micamation AG on June 15, 2017. Both companies will operate as independent entities within the Nippon Rika Group.