France Elévateur has acquired 100% of the equity in Talleres Velilla, which trades as Movex, a Spanish vehicle-mounted lift manufacturer based in La Garriga, Barcelona. The acquisition adds production capacity and expands geographic coverage.
The European Commission approved Danfoss' $3.3 billion acquisition of Eaton's hydraulics business, conditional on Danfoss keeping commitments made to address competition concerns in mobile hydraulic components.
Zoomlion signed an order with a Turkish crane leasing company for a ZCC32000W 2000-ton crawler crane and a ZCC9800W crane, valued at over CNY 100 million (USD 15.3 million). This is the largest tonnage crane exported from China.
Mayr France, a subsidiary of the German Mayr group, invested over EUR 80,000 in a new machine tool for series machining at its plant in Bully-les-Mines, France, to increase production capacity. This follows a EUR 120,000 investment in a test bench in December 2020.
The Australian Department of Defence awarded a contract to PPT Industrial Machines LLC for industrial process machinery and equipment, valued at $443,415.98, awarded on 16 March 2021.
Isuzu Motors SA provided R485,000 through an enterprise development grant to Smith Capital Equipment to develop and manufacture the SLT 180 telescopic aerial platform (cherry picker) locally, with a prototype expected by end of 2021.
GOEBEL IMS completed installation of a MONOSLIT GIANT slitter rewinder at Yongguan Group's new industrial site for eco-friendly adhesive BOPP film tape, part of a €125 million investment plan with four production lines.
Bühler Group and Balaguer Rolls signed a collaboration agreement to design and supply SmartRolls and services for grain processing, integrating Balaguer's optical roll measurement technology with Bühler Insights.
GMM Pfaudler emerged as the successful bidder to acquire assets of HDO Technologies Ltd, including land, building, plant and machinery, for ₹58.46 crore. The acquisition will enhance capacity in heavy engineering.
Hexagon Agility and Hexagon Purus, subsidiaries of Hexagon Composites, signed a multi-year agreement with Certarus worth up to USD 85 million for CNG and hydrogen distribution modules and fuel storage systems. Initial orders are USD 18.5 million for Hexagon Agility and USD 3.2 million for Hexagon Purus.
Palfinger has sold its Norwegian lifeboat manufacturing operation in Ølve via a Management Buy Out.
Komatsu completed construction of a new Reman (remanufacturing) plant on the head office campus of Komatsu Africa Holdings in Johannesburg, South Africa. The plant remanufactures key components for customers in Southern Africa.
Luxfer Gas Cylinders acquired Structural Composites Industries, a North American composite cylinder manufacturer based in Pomona, California. The acquisition strengthens Luxfer's composite cylinder offering for alternative fuels and aerospace.
Biesse Group has agreed to sell its subsidiary Dongguan Korex Machinery Co. LTD in Dongguan, China, for CNY 183.5 million (EUR 22.5 million). The deal is expected to close by mid-March 2021.
Amec Foster Wheeler shareholders voted to approve the recommended all-share offer by John Wood Group PLC, with over 99% of votes in favor. Completion remains subject to regulatory approval and court sanction.
Weber Holding GmbH acquired the Plauen and Roding plants of insolvent Schweizer Group Global. The transfer is intended for April 1, 2021, subject to conditions. Weber will retain all 110 jobs in Roding and 63 of 126 jobs in Plauen.
ENPLUS signed a contract with JROG Marketing of the Philippines to supply 126 fire dump trucks worth 23.85312 billion won, representing 59.10% of its recent revenue.
Swedish industrial company Prestando received its largest order ever, worth SEK 400 million, from German company JOST. The order will lead to investments at Prestando's factory in Trelleborg and the recruitment of about ten new employees. Prestando also placed an order with Andon Robotics for two automation cells.
ATS Automation Tooling Systems Inc. completed the acquisition of a 92.75% stake in CFT S.p.A. for €82.8 million. The tender offer was at €4.60 per share.
CarnaudMetalbox Engineering, a UK-based canmaking equipment specialist, expanded its production capacity with a new 150,000 square foot facility in Leeds, Yorkshire.
Hydrauvision, a supplier of hydraulic equipment, acquired Fundex Equipment, an OEM of foundation machines. Fundex Equipment will continue to operate largely independently.
Fasolex, a Polish bean and vegetable producer, installed an ELGi compressed air system to power a new bean sorting line at its plant in Sahryń, Poland. ELGi provided a turnkey solution including EG18 VFD and EG22 compressors.
Rio Tinto has signed an agreement to provide a first commercial batch of high-performance aluminium-scandium alloy from its North American operations to Amaero for 3D printing. The scandium oxide will be supplied from a new plant in Sorel-Tracy, Quebec.
Mno-DREK, LLC, a holding company formed by Mno-Bmadsen and DREK Holdings, has acquired Walerko Tool & Engineering Corporation of Elkhart, Indiana. Walerko provides CNC machining, castings, and other services to aerospace, construction, and other industries.
IA Bell and Company (Pty) Ltd has made a non-binding expression of interest to acquire the entire issued ordinary share capital of Bell Equipment Limited not already held, at an indicative offer price of R10 per share. The offer is subject to the Deere transaction becoming unconditional.
Jiangsu Shuangliang Cooling Systems, a wholly owned subsidiary of Shuangliang Energy, signed a contract with Hangzhou Steam Turbine to supply 6 sets of air cooler equipment and related services for CNY 78.4955 million. Delivery is due by October 1, 2021.
Webster Industries, an employee-owned manufacturer of conveyor chains and vibrating conveyors, has acquired Action Equipment Co., a maker of vibratory process equipment. Action will continue to operate under its own brand.
EnWave signed a royalty-bearing commercial license with a leading Illinois-based cannabis company to use its REV dehydration technology, and received an order for a 120kW REV machine and a 10kW unit.
Private equity firm Tinicum L.P. agreed to acquire a controlling interest in Watlow Electric Manufacturing Co., a designer and maker of industrial thermal systems technology. Financial terms were not disclosed.
Environmental Tectonics Corporation's Sterilization Systems Group was awarded multiple contracts from domestic customers totaling $3.1 million. The contracts include two six-pallet vacuum degassing chambers, seven EO Control System Upgrades, mechanical upgrades, and additional environmental monitoring control systems.
PDSVISION Group AB has signed an agreement to acquire NET AG system integration from its current owners. The acquisition will make Germany one of PDSVISION's largest regions and complements its existing geographical coverage in Germany.
Belvac, a Dover company, is adding 40,000 sq ft of manufacturing and assembly capacity in Bedford County, VA, and investing in a two-piece can pilot line to meet global demand for beverage can-making equipment.
Schuler will deliver a 16,000-ton Farina forging press to thyssenkrupp Gerlach's plant in Homburg, Germany. Internal assembly is complete in Suello, Italy, and production is expected to start in 2022.
ams AG announced that the Domination and Profit and Loss Transfer Agreement (DPLTA) with OSRAM Licht AG became effective on March 3, 2021, merging the two companies to form a global leader in optical solutions.
Altonaer Wellpappenfabrik in Tornesch near Hamburg will replace its finished goods palletizing system in spring 2021 and add a fully automated 4-color inline folding box machine in the second half of 2021. The company says it is investing over 10 million euros in quality and productivity across 2020/21.
Oribi Composites joined Re:Build Manufacturing, an industrial manufacturing group, continuing operations in Commerce City, Colorado, with expanded capabilities in advanced materials and composites.
ABB, a leader in industrial automation, has acquired B&R, the largest independent provider of software-based, open-architecture solutions for machine and factory automation. The acquisition expands ABB's digital offering and positions it to seize growth opportunities from the Fourth Industrial Revolution.
Ruitie Machine Tool (Suzhou) Co., Ltd. held a groundbreaking ceremony for its third-phase plant and smart laser industrialization project in Taicang, China. The project involves an investment of 180 million yuan, covers 28 mu (about 1.87 hectares), and is expected to be completed and operational by October 2021.
ANDRITZ successfully started up a PrimeLineCOMPACT tissue production line at Berli Jucker Cellox's mill in Prachinburi, Thailand, with a design speed of 1,900 m/min and a width of 2.8 m.
Dormer Pramet has completed the acquisition of Miranda Tools, a manufacturer of high-speed steel cutting tools in India, adding over 580 employees and enhancing its round tools offer.
Valsoft Corporation Inc. acquired Datastor Systems Ltd, a supplier of process control solutions for the manufacturing sector, on February 1, 2021.
Alpine Metal Tech GmbH, a division of Montana Tech Components AG, took over IMT Intermato S.p.A., a manufacturer of CNC vertical turning, drilling and milling centers for alloy wheels and aerospace sectors.
ANDRITZ has successfully started up a tissue production line delivered to Berli Jucker Cellox Ltd. at their mill in Prachinburi, Thailand. The Prime LineCOMPACT tissue machine has a design speed of 1,900 m/min.
Kobe Steel and Miura Co. signed a basic agreement on March 5, 2021 under which Miura would acquire 49% of Kobelco Compressors after the company split, making it a joint venture.
Kobe Steel announced on March 5, 2021 that it will transfer its standard compressor business to its wholly owned subsidiary Kobelco Compressors through a simplified absorption-type company split.
Sandvik Group is investing USD 15 million to build a new manufacturing facility in Menghe Town, Changzhou National Hi-Tech District, China. The new factory is expected to be ready for trial production in May 2021 and reach designed capacity in the second half of the year.
Belvac Production Machinery will invest over $3 million and add up to 50 new jobs in Bedford County, Virginia, by leasing a 40,000-square-foot shell building in Forest. The company produces can-making equipment and plans to start operations by mid-summer 2021.
Baltic Shipyard Yantar, part of United Shipbuilding Corporation, signed a contract for the delivery of 13 modern machine units as the final phase of an investment project under the state programme 'Development of the military-industrial complex'. The company has already acquired about 200 units of equipment under the project.
Stratus Plastics International, a producer of injection-molded parts, will immediately hire 40 employees to expand production at its Morgantown, Kentucky facility, with plans to create a total of 135 new jobs in the coming years. The expansion follows additional production lines awarded by a major motor vehicle manufacturer.
Nord-Lock Group expanded its Expander pivot business factory in Åtvidaberg, Sweden by 130% to 3,500 square metres, adding production, a technical center and high-volume order handling. The expansion is expected to let Expander increase its order volume eightfold.