IFS, a provider of Industrial AI software, has acquired Softeon, a cloud-native Warehouse Management solutions provider, from Warburg Pincus. The acquisition extends IFS's Industrial AI capabilities into the warehouse management systems market.

Cyient Semiconductors signed a definitive agreement to acquire a majority stake in Kinetic Technologies, a US-based power management and analogue semiconductor company, for up to $93 million.

Qualcomm Incorporated completed its acquisition of Alphawave IP Group plc (Alphawave Semi) on December 18, 2025, approximately one quarter ahead of schedule. The deal aims to accelerate Qualcomm's expansion into the data center.

DSG has acquired Peoria Pump, a wholesale distributor of pumps, pipe and geothermal supplies founded in 1947 with branches in Peoria and Rockford, Illinois. The business will operate as Peoria Pump: A DSG Company.

ESARIS INDUSTRIES and Systèmes et Connectique du Mans (SCM) completed a merger effective December 17, 2025, creating a group with consolidated sales of €100M. Bpifrance Investissement renewed its support through DEFINVEST and Capital Région 3 funds.

Airvance Group signed an agreement to acquire a majority stake in IPK, an Austrian distributor of air/air and air/water heat pump systems. The founding family will retain a minority stake.

Japan Elevator Service Holdings announced it will acquire the car lift business from IHI Transport Machinery, a subsidiary of IHI Corporation, to expand its maintenance business and improve profitability. The transfer date is scheduled for March 31, 2026.

POSCO has agreed to acquire a 20% stake in Hyundai Steel's planned new steel mill in the United States. The mill will focus on high-grade flat steel products for automotive and EV makers.

Addtech Automation has signed an agreement to acquire 100% of BCK Holland B.V. and Kramer & Duyvis B.V., manufacturers of conveyor systems. The companies have combined annual turnover of approximately EUR 8 million and employ 35 people.

Taqeen Advanced Industries Company signed a memorandum of understanding to acquire the 70% stake held by Chinese partner JOFO Nonwovens Co., Ltd in Advanced Tissue Factory Company (Sav), in which Taqeen currently owns 30%. Upon completion, Sav would become 100% owned by Taqeen.

Wateralia, an Ambienta portfolio company, has acquired Aquatec, an Australian provider of water and wastewater management services based in Shepparton. The acquisition marks Ambienta's first APAC add-on and strengthens Wateralia's presence in the Australian water sector.

Japanese steelmaker Yamato Kogyo Co. acquired a 50 percent stake in Salix Products from Martinus Group for $40 million, forming a joint venture. Salix will be operated as a 50:50 joint venture between Martinus and Yamato.

Berner Industrier signed an agreement to acquire 100% of the shares in Norwegian water treatment company Typhonix AS. The purchase price at closing is NOK 24 million, with additional performance-based payments for 2025 and 2026.

DEUTZ Group signed a purchase agreement to acquire all shares in Frerk Aggregatebau GmbH, a system integrator for emergency power systems and decentralized energy supply based in Schweringen, Germany. The total purchase price is in the upper double-digit million-euro range, with closing expected in Q1 2026.

Taqween Advanced Industries signed a share purchase agreement on 30 April 2026 to acquire JOFO Nonwoven Company Limited's 70% stake in Sav (Advanced Tissue Factory), increasing its ownership to 100%. The consideration involves assuming all current and future liabilities of Sav.

Pioneer Pump, a division of Franklin Electric, has acquired Ipswich water treatment firm Geoquip Water Solutions and fittings maker Hydrodif Products for an undisclosed sum. The deal was completed on December 17 and the 17 employees of the two firms joined the new owners.

Soteria Flexibles, a US flexible packaging maker, agreed to acquire all shares of Montreal-based film and packaging manufacturer Imaflex for CAD 2.35 per share in cash, a total equity value of about CAD 123 million. Closing is expected in the first quarter of 2026.

New Zealand-based WML Paperboard acquired Tahoe Paperboard Transpacific, a US paperboard converter and distributor in Woodland, California, operating a 60,000 square foot facility with two precision sheeters. The deal was announced on December 17, 2025.

Vivostat International GmbH, a Vienna-based holding company, announced on December 16, 2025, the acquisition of 100% of the shares of Vivostat A/S, headquartered in Greater Copenhagen, Denmark, to support growth and international expansion.

Apheon, a European private equity firm, signed a binding agreement to acquire a majority stake in Rubio Monocoat, a wood protection solutions company headquartered in Izegem, Belgium. Bencis sold its stake, while management and the founding Muylle family remain shareholders.

HOERBIGER has signed an agreement to acquire Physik Instrumente (PI), a global leader in precision motion and positioning technologies. PI will form the new Positioning Division within HOERBIGER, retaining its name and brand. The deal value was not disclosed.

Honda Motor Co., Ltd. will acquire an additional 21% of Astemo shares from Hitachi, Ltd., making Astemo a consolidated subsidiary of Honda. The move aims to enhance Honda's SDV development capabilities.

MAFELL AG has acquired Friedrich Duss Maschinenfabrik GmbH & Co. KG, a manufacturer of power tools for drilling, chiseling, and diamond drilling. The acquisition was completed on December 2, 2025, and DUSS will continue operations at its Neubulach site.

HEGLA Group has acquired all limited partnership shares of RS technology, which will operate as HEGLA-RS technology. The acquisition adds wet machining and processing of glass, including edge processing, drilling, milling, and dome cutting, to HEGLA's product range.

Marubeni Tetsugen Co., Ltd. and Marubeni Metal Co., Ltd., wholly owned subsidiaries of Marubeni Corporation, have agreed to merge effective April 1, 2026. The new company will be named Marubeni Tetsugen Metals Co., Ltd.

Crystal Bridges Holding Corp., part of the Lucio Co Group, fully acquired PrimeWater Infrastructure Corp., a water and wastewater operator serving over 1.7 million households in the Philippines.

PRO-SET Formulated Resin Systems, an Iron Path Capital holding company, acquired European-based Wessex Resins and Adhesives Ltd., a manufacturer of high-performance epoxy resins and adhesives.

Nordic Steel, based in Bryne, Norway, acquired Bergen Rustfri Industri (BRIAS), a company in the mechanical industry.

Union Park Capital acquired GAM Enterprises, a manufacturer of precision gear reducers and motion control solutions, and launched a precision motion control platform. Terms were not disclosed.

Element Logic acquired Safer Storage Systems, an Australian provider of warehouse storage and automation solutions, to establish its presence in the Australian and New Zealand markets.

Agile Robots SE agreed to acquire Thyssenkrupp Automation Engineering from Thyssenkrupp Automotive Technology. The business will continue as Krause Automation, adding ~650 experts and 10 locations across Europe and North America.

Carrier Global Corporation agreed to sell its Riello business to Ariston Group for gross proceeds of approximately $430 million. The transaction is expected to close in the first half of 2026.

Flowserve Corporation acquired U.K.-based Greenray Turbine Solutions, a provider of aftermarket products and services for industrial gas turbines, for approximately $72 million in cash.

Yash Highvoltage Ltd. and Quality Power Electrical Equipments Limited completed the acquisition of Sukrut Electric Company Private Limited from Maschinenfabrik Reinhausen GmbH for INR 100 million on December 16, 2025.

Suzhou Zhuyue Hongzhi Technology Partnership, controlled by Dreame founder Yu Hao, agreed to buy a 29.9% stake in listed metal packaging maker Jiamei Packaging from China Food Packaging via share transfer and a partial tender offer, for about 2.282 billion yuan in total. The announcement was made on December 16, 2025.

Mauser Packaging Solutions, a global rigid packaging supplier, acquired Siena Plastics LLC, a manufacturer of small high-performance containers. The deal was reported by law firm Michael Best on December 16, 2025.

Vosair Compressortechniek acquired 100% of the shares of Hidding Air Power Systems B.V. of Emmen, a compressed-air systems specialist, strengthening its position in northern Netherlands.

GCH Technology's board approved the acquisition of a 48 percent stake in Cetc Yizhihang Chongqing Technology, a drone management platform developer, for CNY 6.2 million (USD 877,510).

Chinese polymer additives maker GCH Technology announced it will buy French chemicals firm Palmarole Trading for USD 9 million, with an additional USD 15 million investment post-closing. The acquisition aims to integrate Palmarole's sales network in Europe and the Middle East.

CEVA Logistics will acquire 100% of shares in Italy-based heavy transport and lifting specialist Fagioli Group. Terms were undisclosed; the transaction is subject to regulatory approvals.

Betronic Group announced the acquisition of Smart Electronics Ltd, a company based in Shannon, Ireland, to expand manufacturing capabilities and supply chain options across Europe.

MicroPort CardioFlow Medtech Corporation will acquire MicroPort Cardiac Rhythm Management through a non-cash transaction issuing new shares with a total consideration of USD 680 million, approved by shareholders on December 15, 2025.

Idun Industrier AB has acquired 80% of the shares in Trikåby AB, Sweden's leading manufacturer of technical knitted fabrics and jersey materials, based in Åby.

Vulcain Engineering has acquired 70% of the shares of EST – Empresa Serviços Técnicos, a Portuguese company specializing in industrial electrical installations, instrumentation, and automation.

Geiger Pump & Equipment Company, a portfolio company of Crane Group, has acquired Watermark Environmental Systems, a manufacturers' representative of water and wastewater treatment equipment serving the Mid-Atlantic region.

Quantum Computing Inc. (QCi) has signed an agreement to acquire Luminar Semiconductor, Inc., a subsidiary of Luminar Technologies, in an all-cash transaction valued at $110 million. The acquisition will bring QCi a portfolio of core photonic technologies, patents, and engineering talent.

SEMO, along with MECANUMERIC management Sébastien Nobiron, Guillaume Thenon, and Laurent Fraix, are taking over the activities of MECANUMERIC. A new structure, MECANUMERIC Industries, is being created to carry the project forward, aiming to preserve know-how and jobs in the Albi area.

Sika AG agreed to acquire Finja Bemix AB from the Andersson family. Finja Bemix reported revenue of CHF 60 million for 2024. The transaction is subject to regulatory approvals and is expected to close in Q1 2026.

ProAmpac announced a definitive agreement to acquire TC Transcontinental Packaging (TCP) from TC Transcontinental for approximately EUR 1.28 billion. TCP generated around EUR 1 billion in revenue in the last 12 months. The transaction is expected to close in Q1 2026.

KVP International, a pet care company, announced the acquisition of SafePath-IVD, a diagnostics manufacturer and CDMO based in Carlsbad, California, to expand its veterinary diagnostics capabilities.