BASF and Carlyle, in partnership with QIA, have entered a binding agreement for the acquisition of BASF's automotive OEM coatings, automotive refinish coatings, and surface treatment businesses at an enterprise value of €7.7 billion. BASF will retain a 40% stake, and closing is expected in Q2 2026.

Avery Dennison Corporation signed a definitive agreement to acquire the US-based flooring adhesives business of Meridian Adhesives Group for $390 million. The business includes brands Taylor Adhesives, Polycom and Frontier Products.

Ball Corporation is reportedly in ongoing negotiations with Chinese owner Cofco to acquire Belgian can manufacturer Benepack, whose Genk site began production in 2020, with no deal yet signed.

Germany's BEKO TECHNOLOGIES announced a majority stake in Slovenian digital compressed air company CALMS, based in Ljubljana, to strengthen its digital portfolio.

Abu Dhabi-based Multiply Group announced it will acquire a majority stake of 60.8% in Italian packaging group ISEM, subject to regulatory approvals, with Peninsula Capital and minority investors retaining 39.2%.

Punch Industry Co., Ltd. signed a letter of intent to acquire Bright Machine Tools Sdn. Bhd. from Lee Chew Wah and Liew Siew Har. The transaction is expected to complete in December 2025.

Linamar Corporation has entered into a definitive agreement to acquire select assets of Aludyne's North American operations for $300 million USD. Aludyne is a Tier 1 automotive supplier specializing in lightweight aluminum chassis and structural technologies.

Private equity firm Altaris Capital Partners combined its portfolio companies Minnetronix Medical and Intricon to create Forj Medical, a vertically integrated medical device contract manufacturer. Financial terms were not disclosed.

Smith & Loveless Australia Pty. Ltd. has acquired the assets of CST Wastewater Solutions Pty. Ltd., a provider of wastewater screening technologies. Terms were not disclosed.

Dikar S. Coop., a Mondragon cooperative, has acquired the Ternua brand from Ternua Group, which was in insolvency proceedings. The deal preserves about 180 jobs and the brand's operations in the outdoor sector.

Majelan SAS acquired gestigon GmbH from Valeo SE on October 9, 2025. Gestigon will be renamed Majelan X Deutschland.

Samvardhana Motherson International Limited merged its indirect subsidiary SMP Automotive Solutions Slovakia s.r.o. with Motherson SAS Automotive Systems and Technologies Slovakia s.r.o., effective October 8, 2025. SMP Slovakia has been deregistered and ceased to exist.

Lebronze alloys (LBA) has acquired Manufacture pour l'extrusion d'alliages (MEA), a French specialist in copper and copper alloy profiles, as part of its external growth strategy.

LISI AUTOMOTIVE HUNGARY, a subsidiary of LISI AUTOMOTIVE, has acquired the assets of POLYSEMBLE HUNGARY in Győr, completing the transaction on September 30, 2025.

T&T Power Group, a Canadian power generation solutions provider, has acquired Gen-Tech, a Western U.S.-based provider of power generation systems and services, for an undisclosed amount.

GPF Partners has acquired a majority stake in JHK, a Spanish company in the design, production, and marketing of basic garments for use and customization.

Castellini Group has acquired Lazzari Officine Meccaniche Impianti Industriali S.p.A., a specialist in machinery for the steel industry and industrial sawing machines based in Ponte San Pietro, Bergamo.

Emirates Global Aluminium is reportedly considering acquiring Companhia Brasileira de Aluminio (CBA), a low-carbon aluminium producer, with Morgan Stanley as adviser.

SoftBank Group Corp. entered a definitive agreement to acquire ABB Ltd's robotics business for USD 5.375 billion. The acquisition is expected to close in mid-to-late 2026, subject to regulatory approvals.

KRN Heat Exchanger and Refrigeration, through its subsidiary KRN HVAC Products, signed a Business Transfer Agreement to acquire the bus air-conditioning division of Sphere Refrigeration Systems, including all operations, assets and employees.

IntriCon Corporation acquired Minnetronix, Inc. from Altaris, LLC on October 8, 2025. The combined company will operate as Forj Medical, with Mauricio Arellano as Executive Chair and Jeremy Maniak as CEO.

CIRCOR International acquired essentially all operating assets of Flowserve's herringbone gear pump product line, including GAX, GR and Gearex series pumps. Production will move to CIRCOR's Columbia, Kentucky plant after a transition period. Announced 8 October 2025.

Cascades agreed to sell its Flexible Packaging plant activities in Mississauga, Ontario, to Five Star Holding of Houston, Texas, for CAN$31 million, effective immediately. The 45 employees will be retained and a supply agreement covers continued film supply to Cascades.

Biffa completed the acquisition of Esterform, a PET pre-form and bottle manufacturer, building on its 2023 purchase of a 49.9 per cent stake. The deal was reported on 8 October 2025.

DEKA Research & Development acquired core assets and intellectual property from Diatech Diabetes, including the SmartFusion infusion monitoring software. The deal also includes the hiring of select leadership from Diatech.

Phifer Inc. has acquired all assets of Indiana Coated Fabrics (ICF), headquartered in Warsaw, Ind., strengthening its position in the coated and laminated fabrics market.

Australian miner Predictive Discovery (PDI) has entered into a definitive agreement to acquire all shares of Canada's Robex Resources in an all-share deal valued at A$2.35bn ($1.55bn), creating a mid-tier gold producer in West Africa.

XRG, Adnoc's investment arm, is acquiring German chemicals company Covestro for €14.7 billion ($17 billion). The deal, announced in October 2024, is expected to close in the second half of 2025 pending regulatory approval.

Holcim Deutschland has acquired stakes in the construction material recycling and demolition business of A&S Detmering-Gruppe. Three A&S recycling hubs in Diepenau, Gilten, and Lehrte will be integrated into Holcim and developed into ECOCycle Centers.

REMA TIP TOP Group acquired Almex, a manufacturer of conveyor belt vulcanization and splicing systems. Almex will retain its brand identity and global manufacturing network in Canada, China, and Spain.

SPIE, a European multi-technical services company, signed an agreement to acquire ECOexperts Automation GmbH, a specialized systems integrator for tunnel and traffic management based in Lebring, Austria. The deal is subject to antitrust approval.

Zimmer Biomet, a global medical technology leader, completed the acquisition of Monogram Technologies, an AI-driven orthopedic robotics company. The deal adds semi- and fully autonomous robotic technologies to Zimmer Biomet's portfolio.

Lutz-Jesco acquired the FXM metering pump line and related technology, designs and intellectual property from Valmet, which keeps the Flowrox trademark. The FXM range will be integrated into Lutz-Jesco's portfolio.

Atlas Copco acquired Talleres Haizea, a Basque Country supplier of services and spare parts for high-pressure piston compressors that also operates in Portugal and Latin America. CMS advised on the transaction.

Fagron, a global pharmaceutical compounding company, announced that Brazilian competition authority CADE has granted clearance for the acquisitions of Purifarma and Injeplast in Brazil. The transactions will broaden Fagron's portfolio and capabilities in Brazil.

Thermogenics, a boiler lifecycle solutions provider, acquired Union Boiler Company Ltd., a mechanical contractor based in Hamilton, Ontario. The acquisition enhances Thermogenics' service capabilities in Ontario.

Terra Firma Capital, an investment vehicle led by Marc Giné, has acquired Catalan HVAC companies Airnou and Termotur. The combined entity, Nextclima, has a turnover of €10 million and will operate from Granollers and Pineda de Mar.

Burton Industries, a Tier 2 automotive supplier headquartered in Mentor, Ohio, has acquired Index Technologies, a provider of gear tool sharpening services. Index Technologies will move into Burton's existing facility, tripling its floor space.

PlastiService Group has announced the integration of EPP Plasty as, a Czech distributor of technical plastics based in Brno, into its European network. The acquisition expands PlastiService's presence in Central Europe.

TransDigm Group has completed its acquisition of the Simmonds Precision Products business of Goodrich Corporation from RTX Corporation for approximately $765 million in cash. Simmonds is a designer and manufacturer of fuel and proximity sensing and structural health monitoring solutions for aerospace and defense.

ACTOM has acquired primary transformer manufacturer SGB-SMIT Power Matla (SSPM), enhancing its transformer manufacturing capabilities to include Class 3 units up to 500 MVA/500 kV. SSPM's Pretoria and Cape Town facilities will form the foundation for ACTOM's growth, with the Pretoria plant to be restored and upgraded after fire damage.

The Toro Company agreed to acquire publicly listed Calgary-based vacuum truck manufacturer Tornado Infrastructure Equipment Ltd., which had about CAD 149 million in net sales over the 12 months to June 2025. Closing is expected in Toro's fiscal 2026 first quarter.

Hydro is completing the integration of Polish aluminium recycler Alumetal S.A., acquired two years ago, and will rebrand its four recycling facilities in Poland and Hungary under the Hydro name in early 2026.

Hymson Group officially integrated Xteg GmbH in October 2025, acquiring the German company to link manufacturing capacity with local market expertise in Europe. The acquisition was formally signed on October 23, 2025.

Global Water Technology acquired Essential Water Technologies, strengthening its leadership in the Chicago market and advancing its national growth strategy.

Sonaca reached an agreement to acquire 51% of Aciturri's aerostructures activities, creating a combined entity with over 6,700 employees and revenues exceeding €1.2 billion in 2025.

Xylem entered into a definitive agreement to acquire all shares of Pure Technologies Ltd. for CAD $9.00 per share in cash, representing an enterprise value of CAD $509 million (USD $397 million). Pure provides intelligent leak detection and condition assessment solutions for water infrastructure.

Xylem announced it has acquired a majority stake in Idrica, a leader in water data management and analytics, to empower water utilities with intelligent solutions. The move will further integrate Xylem Vue with Idrica's technology platform.

Water, a portfolio company of Oltre Impact sgr's third fund, has acquired 100% of Sepra, a company specializing in components for water treatment and fluid management systems, and its subsidiary TA srl, for €2.5 million. The founders reinvested €600,000 and will continue to lead the company.

Welding Alloys has acquired U.S.-based Weld Mold Company, a manufacturer of specialty electrodes and cored wires for forging and tool & die. Weld Mold will operate as a specialized division within the group.