Chart Industries signed a definitive agreement to acquire Howden, a global air and gas handling equipment maker, from KPS Capital Partners for $4.4 billion, funded by cash and preferred stock, with closing expected in the first half of 2023.
Gardner Denver Ltd invested GBP3.5 million in its Cross Lane, Bradford facility, merging two locations for design, assembly and testing of compressors, blowers and vacuum pumps. The site is operational.
Guangdong Forsberg Intelligent Equipment plans to invest 500 million yuan in an intelligent plant in Foshan, Guangdong, to make corrugated cardboard production line equipment. The project covers about 80 mu.
PP Control & Automation will provide complete electrical build services for two Hedinn HPP-10000 fishmeal plants destined for Sildarvinnslan in Iceland, under an €11 million project.
Novarc Technologies and Lincoln Electric have partnered to expand Novarc's automated cobot pipe welding solutions. Novarc will integrate Lincoln Electric's welding technologies, and Lincoln Electric will promote Novarc's Spool Welding Robot.
Manufacturing Technology, Inc. (MTI) finalized the acquisition of Friction Welding Technologies Pvt. Ltd. (FWT), a Direct Drive Friction Welding company in Pune, India, adding 40,000 square feet of space.
Infinitum secured $30 million in growth capital to expand and fully automate assembly at its 65,000 square foot facility in Mexico, increasing production of high-efficiency air core motors. The company also rebranded from Infinitum Electric.
McLanahan Corporation will open a new 21,000 sq. ft. facility near Dungannon, Northern Ireland, to manufacture crushing, screening, and wet processing equipment. The expansion will create jobs and support growth in the region.
Private equity firm Metrika SGR acquired 70% of CMC, a manufacturer of tracked aerial platforms. The investment will fund a 12,000 sqm factory expansion, new product lines, and international distribution growth.
Liebherr received a EUR 20 million order from Herrmann & Wittrock, Titschkus & Wittrock, and Ulferts for 17 new Liebherr mobile cranes from Ehingen, to be delivered in 2023.
Impro opened a large new factory in San Luis Potosi, Mexico, with 1.2 million square feet. The facility performs sand casting and precision machining, with an investment casting plant and dedicated aerospace parts operation under construction. Sand casting capacity is 45,000 tons per year.
PP Control & Automation will provide electrical build services for two Hedinn HPP-10000s destined for Sildarvinnslan, Iceland's largest fishmeal and fish oil producer, as part of an €11 million deal.
BW Papersystems signed an agreement to supply a ServoPro flexo rotary die-cutter to Scatolificio Rossi, an Italian sheet plant. The machine will be installed towards the end of summer 2023.
Panattoni has completed the first zero-emission factory in Danfoss's global portfolio, built as part of an industrial campus in Grodzisk Mazowiecki, Poland. The facility houses 45 production lines, a warehouse, and a laboratory transferred from Denmark.
Maximator Hydrogen was contracted by Swedish firm REH2 to supply 24 hydrogen filling stations for heavy trucks in Sweden. The first station is due in autumn 2023 with the rest following monthly from 2024.
CE Turner commissioned a new Matsuura MAM72-35V 5-axis machining center at its facility in Melton Mowbray, UK, to increase milling capabilities and capacity for complex components.
Cannon Bono supplied two SG HE 2000 high-efficiency steam boilers to Desco S.p.A. for its food production plant in Pontinia, Italy. The installation is expected to reduce natural gas consumption by 7-8%.
Fives Giddings & Lewis won a contract to design and supply three VTC 1600 Adjustable Rail Vertical Turning Centers to Dril-Quip, Inc., a provider of equipment for the energy industry.
GEA began construction of a 85,000 square foot repair, logistics, assembly, production and training facility in Janesville, Wisconsin. The investment is about USD 20 million, over 70 jobs are expected, and opening is scheduled for late 2023.
Sinomach signed 19 purchase agreements with a total contract value of $2.03 billion during the 5th China International Import Expo in Shanghai. Partners include Marubeni Techno-Systems and Rolls-Royce Power System AG, covering technology, equipment, and green energy.
SEW-EURODRIVE South Africa moved into a new 26,000 m² headquarters complex in Aeroton, Johannesburg, built at a cost of R200 million. The facility triples previous floor space and houses assembly, warehousing, and repair operations.
Münstermann commissioned a new production hall (Plant 2) in Telgte, Germany, measuring 90 by 36 meters, to expand capacity for complex plant projects such as hardening furnaces for glass and rock wool. The hall is built to KfW-55 energy efficiency standard and includes an office building.
Volvo Construction Equipment announced an investment of approximately $32.7 million into its production facility in Braås, Sweden to adapt and extend the factory for producing a larger range of articulated haulers with different powertrains, including electric. The investment will run between now and 2027.
BlackHawk Industrial Supply acquired L.A. Tool & Supply Co., a wholesale distributor of cutting tools and accessories based in Akron, Ohio. The transaction closed on November 3, 2022.
Nikon Corporation intends to launch a voluntary public takeover offer for all outstanding shares of SLM Solutions Group AG at EUR 20 per share, valuing the deal at EUR 622 million. SLM Solutions is a metal additive manufacturing company.
The National Composites Centre awarded a £222,435 supply contract to Cygnet Texkimp Ltd for the design and manufacture of a filament winding capability for R&D in fiber-reinforced plastic components. The contract runs from October 27, 2022 to March 31, 2023.
Edwards, part of Atlas Copco, is building a new dry vacuum pump factory for semiconductor manufacturers in Genesee County, New York. Phase one is a $127 million project; the total over seven years is $319 million, creating about 600 jobs.
SKF broke ground on its Phase IV new plant in Dalian, China, covering 90,000 square meters. The plant is expected to be completed in 2024 and will become SKF's largest industrial bearing production base globally.
In November 2022, Krones acquired a majority stake in R+D Custom Automation, a full-service system integrator and specialty equipment manufacturer for the life sciences, medical and pharmaceutical industry. The terms were not disclosed.
Fairchild Industries acquired Fairchild Auto-Mated Parts, a provider of CNC screw machined parts and mechanical contract assembly services based in Winsted, Connecticut. Terms were not disclosed.
The Toro Company announced plans to expand its Ditch Witch manufacturing facility in Perry, Oklahoma, adding 200,000 square feet and up to 100 new jobs. The expansion was announced on November 1, 2022.
UK-based XYZ Machine Tools opened a purpose-built showroom in Zabrze, Poland, displaying eight machines from the ProtoTRAK range, and appointed two new sales managers to support expansion.
Ningbo Zhaobao Magnet held a commencement ceremony for a new plant on October 28, 2022. The plant covers 50,000 square meters, with an investment of 350 million CNY (50 million USD) and an annual capacity of 5,000 tons.
Watlow acquired Eurotherm from Schneider Electric on October 31, 2022. Eurotherm is a provider of temperature, power and process control equipment, employing about 650 people, with headquarters in Worthing, UK and manufacturing in Ledziny, Poland. Terms were not disclosed.
Salas O’Brien merged with Zepnick Solutions, an employee-owned engineering and automation design firm based in Green Bay, Wisconsin. Zepnick Solutions provides mechanical, electrical, and process engineering for food, paper, and consumer goods industries.
Promatech Célgépgyártó Ltd. is building a 3,800 square-meter hall at its Nagytarcsa site with a greenfield investment of HUF 1.952 billion, partly funded by EU grants. The project includes new automated metalworking machines and solar panels, expected to be completed by end of August 2023.
Volvo Construction Equipment is investing 360 million Swedish kronor in its Braås factory to adapt production for a wider range of articulated haulers with different drivelines, including electrified models. The investment covers new buildings and production equipment through 2027.
Alfa Laval signed an agreement to deliver compact heat exchangers to the green hydrogen plant planned in NEOM, Saudi Arabia, which will use about half of the 4GW of renewable power generated there.
Engineered Machined Products (EMP), a Concentric AB company, won a contract for machined components in the U.S. from a global multinational customer, expected to deliver about one million USD in annual sales.
MAXIKraft placed a major order with Liebherr for new cranes and trade-ins worth around €100 million. The order includes the LR 1700-1.0 crawler crane, delivered at Bauma.
Coalza and IRTA Group have been undergoing a merger to provide better service and support to customers and expand internationally in the packaging machinery market.
Coalza has introduced a new high-performance packaging, boxing, and palletizing system for potato chips and snacks, achieving bagging speeds of 50-65 BPM with inert gas injection. The company is also merging with IRTA Group to expand internationally.
Ambienta, a European sustainability investor, has acquired HolwegWeber, a producer of paper bag making machines, and will combine it with its portfolio company In.Pack Machinery. The newly formed group will operate seven production sites and have over 9,000 machines installed globally.
IMC International Metalworking Companies B.V. signed a joint venture agreement to acquire a 51% stake in NTK Cutting Tools Co., Ltd from NGK Spark Plug Co., Ltd. The transaction is expected to close on April 3, 2023.
Grinding machine manufacturer Taiyo Koki announced it will build a new headquarters plant in Nagaoka, Niigata Prefecture, with an investment of 6-7 billion yen. The new facility will double production capacity, with construction starting in July 2023 and operations beginning in October 2024.
Motion Industries opened a 105,000 square-foot state-of-the-art facility in Minnesota.
Regal Rexnord Group has agreed to acquire Altra Industrial Motion Corp. for $62.00 per share in an all-cash transaction valued at $4.95 billion. The deal is expected to close in the first half of 2023.
Ferrari Stampi USA Inc. will invest $1.4 million to expand manufacturing operations at its U.S. headquarters in Clarksville, Tennessee, creating 30 new jobs over five years. The expansion follows the company's acquisition of Poligraph USA.
Ingersoll Rand agreed to acquire Airmax Groupe, a French compressed air specialist with about 100 employees and nine locations across France, as part of a combined purchase price of about $86 million announced on 27 October 2022.
Ingersoll Rand agreed to acquire India-based Everest Group and France-based Airmax Groupe for a combined all-cash upfront price of approximately $86 million, plus possible earn-out consideration.