Ingersoll Rand agreed to acquire Shanghai Hanye Air Purifying Technology, an OEM supplier of compressed air dryers and filters with about $4 million annual revenue. It is one of three acquisitions announced on 1 August 2022 for a combined cash price of about $35 million.
Ingersoll Rand agreed to acquire Holtec Gas Systems, a nitrogen generator manufacturer in Saint Charles, Missouri with about $10 million annual revenue. It is one of three acquisitions announced on 1 August 2022 for a combined cash price of about $35 million.
Atlas Copco has acquired Hamamcıoğlu Makina, a Turkey-based company that sells and services air compressor solutions, announced on 14 November 2023.
Atlas Copco has completed the acquisition of Sykes Group Pty Ltd from Seven Group Holdings, reported on 5 December 2023.
Atlas Copco has completed its acquisition of Kracht GmbH, a maker of external gear pumps, fluid measurement, valves, hydraulic drives and dosing systems, on 3 January 2024.
Atlas Copco Ltd has acquired Glaston Compressor Services Ltd, which will continue to operate as a standalone company within Atlas Copco Compressors UK under the Glaston name.
Italian investment firm Ambienta agreed to acquire HolwegWeber, a machinery maker for paper-based flexible packaging, to combine it with its In.Pack Machinery. The combined group will have 7 production sites on 3 continents and 400 employees.
Spirax-Sarco Engineering entered exclusive negotiations with Qualium to acquire the Vulcanic Group, a Paris-based industrial electric heating maker, for €261.7 million on a cash and debt-free basis. The deal is expected to complete after regulatory approvals in the third quarter.
Atlas Copco has acquired FITEC S.A.S., a French distributor of rotary screw compressors based in Tarnos near Bayonne. FITEC has 8 employees and serves small and medium-sized industries. The purchase price was not disclosed.
Bosch Rexroth, a Bosch subsidiary based in Lohr am Main, Germany, agreed to acquire US hydraulic valve maker HydraForce, with the purchase price undisclosed and subject to antitrust approval. The contract was signed on 15 July 2022.
DexKo Global has signed a definitive agreement to acquire Fluid-Press Group, an Albinea, Italy maker of hydraulic valves and manifold blocks for agricultural, industrial and construction machinery. Financial terms were not disclosed in the text provided.
Aetna Group, through its Robopac and Ocme units, acquired Germany-based Meypack, a maker of end-of-line packaging machines for food, spirits and personal care, announced June 10, 2022.
Doosan Enerbility agreed to sell Doosan Mecatec, a chemical process equipment maker, to a consortium of Bumhan Industries and Metistone Equity Partners, with closing expected in July 2022.
Bailey International, owned by EBSCO Industries, announced the acquisition of Quebec-based hydraulic and pneumatic equipment maker Hydrolico International, which has facilities in Montreal and Walker, Michigan. The deal value was not disclosed.
A consortium led by Beomhan Industrial with Metistone Equity Partners acquired Doosan Mecatec, a Changwon-based chemical equipment maker, from Doosan Enerbility for 105 billion won, disclosed on June 3, 2022.
Roper Technologies agreed to sell a majority stake in its industrial business to private equity firm Clayton Dubilier & Rice for $2.6 billion, keeping a 49% stake in the business to be spun off as a standalone company. The announcement was made on June 1, 2022.
Japan's Rengo Group agreed to acquire Thimm Packaging Systems, the industrial goods division of Germany's Thimm Group, with the price kept confidential. The takeover awaits Federal Cartel Office approval, expected within weeks.
Novair, a French in-house gas systems manufacturer, acquired America Energy Inc., a Florida-based maker of air compressors and medical gas systems, effective May 20, 2022. Terms were not disclosed.
Swiss pump maker MAAG Group, part of Dover, merged with AMN DPI, a Normandy-based designer and manufacturer of polymer granulation tools. The deal was advised by Largillière Finance; no value was disclosed.
Atlas Copco AB plans to acquire Geveke B.V. and LEWA GmbH, a maker of dosing and process pumps. The companies notified the Dutch competition authority ACM on 12 May 2022.
Dover agreed to acquire Malema Engineering, a Boca Raton, Florida designer of high-precision flow-measurement instruments for biopharma and semiconductor production, announced May 9, 2022. Malema will join Dover's PSG business unit within the Pumps & Process Solutions segment.
Helios Technologies signed a definitive agreement to acquire the assets of Taimi R&D, a Canadian manufacturer of hydraulic swivel components, announced May 9, 2022. Terms were not disclosed and closing is expected in Q3 2022.
DXP Enterprises completed its acquisition of Cisco Air Systems, a distributor of air compressors and related products. Financial terms were not disclosed.
Daikin Industries has signed a share purchase agreement to acquire Duplomatic MS S.p.A., an Italian hydraulic equipment manufacturer, for 220 million euros from Alcedo SGR and management. Completion is scheduled for June 2022.
Finrel SpA, the Casappa family holding company, completed the acquisition of a 51% stake in Tecnord Srl, headquartered in Modena, from Delta Power Company. The deal was announced on 8 April 2022.
LPW Group, a Wynnchurch Capital portfolio company, announced the acquisition of El Mar Ventures and its subsidiaries and Advanced Industrial Technologies. The Houston-based combined business makes specialty valves, pneumatic actuators and gears under the Ladish, Smith, AIT and Diamond Gear brands.
Neles Corporation and Valmet Oyj completed their merger, with trading in the new Valmet shares starting April 1, 2022. The Finnish Financial Supervisory Authority had approved a supplement to the merger prospectus.
Fox Innovation and Technologies acquired Revak Keene Turbomachinery and Industrial Storage Services, which runs a 120,000 sq ft compressor manufacturing facility in La Porte, Texas. The acquirer will target after-sales upgrades and servicing of compressors and turbines.
Atlas Copco agreed on 2022-03-21 to acquire Lewa GmbH and Geveke B.V. and their subsidiaries for a combined enterprise value of EUR 670 million. The deal is all-cash and subject to regulatory approvals, with completion expected in Q2 2022.
Atlas Copco agreed to acquire Geveke B.V., an Amsterdam-based distributor and engineer of process pump and compressor systems, for an enterprise value of EUR 80 million in cash. Geveke had about 173 employees and EUR 61 million revenue in 2021. Closing was expected in Q2 2022.
The Massman Companies, a packaging machinery maker based in Villard, Minnesota, acquired New England Machinery, Inc., a privately held maker of bottling and packaging line equipment based in Bradenton, Florida. The transaction closed on 11 March 2022 and was announced on 14 March 2022.
Tuson Corporation of Vernon Hills, Illinois acquired the assets of ISPT, LLC of Story City, Iowa on March 2, 2022, creating the Tuson Manufacturing Company division. ISPT makes precision machined components for fluid power and industrial automation. Terms were not disclosed.
ProMach, a processing and packaging machinery maker, has acquired TechniBlend, a provider of engineered liquid processing systems for beverages, dairy and chemicals. The deal expands ProMach's processing technology portfolio. Financial terms were not disclosed.
Italian hydraulic component maker OMFB Group acquired UK dealer Commercial Vehicle Hydraulics Limited, which becomes CVH-OMFB Ltd, after 30 years of partnership. OMFB Group reported EUR 80 million turnover in 2021.
Piovan S.p.A. completed its acquisition of IPEG, Inc. through a merger of Sewickley Capital, the owner of IPEG, into a Delaware subsidiary of Piovan. The deal was executed on the terms first announced on December 13, 2021.
Aerzen USA, a subsidiary of Aerzener Maschinenfabrik GmbH, announced the acquisition of Vooner FloGard Corporation, a vacuum pump maker headquartered in Charlotte, North Carolina with manufacturing in Greeneville.
Duplomatic Oleodinamica, controlled by AXA Private Equity, acquired the hydraulic components division of Continental Machines Inc. through its US subsidiary Continental Hydraulics. The division had a reported 2010 turnover of USD 18.4 million. The deal value was not disclosed.
JTEKT Corporation agreed to sell its French industrial hydraulic components division HPI Industrial to EiM Capital and Apogee, following a December 2021 put option; the deal is subject to employee consultation and expected to complete in the first half of 2022.
Italian pump and vacuum equipment maker Azmec acquired ownership of RIVA TECNOIMPIANTI SRL, which produces light and heavy carpentry components and hydraulic power units. The article dates the deal to 2022.
Plug Power acquired Joule Processing LLC, an engineered cryogenic process equipment provider, for a total consideration of up to $160 million, including $30 million upfront. The technology is to be used in hydrogen liquefaction plants.
S.F.E. Group announced the acquisition of Axxair Group, a privately held maker of orbital tube and pipe cutting and welding equipment based near Valence, France. Axxair has subsidiaries in Germany, the USA, South Korea and China and about 65 employees.
Industrial distributor Rubix, a portfolio company of Advent International, acquired SEALL s.r.o., a Chomutov-based hydraulics and pneumatics distributor with five Czech locations and 65 employees.
Howden has completed its acquisition of Compressor Products International (CPI), a Houston-based maker of aftermarket components and services for reciprocating compressors. The deal adds to Howden's aftermarket presence in North America and Europe.
Kobe Steel and Miura announced that their capital and business alliance, under which Miura acquires shares of Kobelco Compressors to form a joint venture, will take effect on January 5, 2022, under a signed MOU.
Lone Star Funds agreed to buy industrial pump and valve maker SPX Flow Inc. for $3.8 billion including assumed debt, at $86.50 per share in cash. The deal was announced on December 13, 2021.
Sullair has acquired its long-time Salt Lake City distributor Compressor-Pump & Service, which sells and services compressors, blowers and pumps across a 83-county territory in Utah, Nevada, Oregon, Idaho and Wyoming. All 33 employees remain.
Red Deer, Alberta-based oilfield equipment makers Lee Specialties and Nexus Energy Technologies merged to form NXL Technologies, a wireline and coiled tubing pressure control equipment manufacturer with about 125,000 sq ft of manufacturing space.
SBP Holdings has acquired Watts Steam Store and subsidiaries, which operates three locations in Twin Falls and Idaho Falls, Idaho and Ogden, Utah. The business will join SBP's Dakota Fluid Power platform, announced December 1, 2021.
Bobst completed on 11 November 2021 its acquisition of the assets of Officine Meccaniche Giovanni Cerutti, Cerutti Packaging Equipment and 24/7 Cerutti Service. The assets are being integrated into Bobst Italia in San Giorgio Monferrato, where thirty ex-Cerutti employees will join.
Atlas Copco acquired Steri srl, a private compressed air equipment and services distributor based in Rivoli near Turin with 19 employees. The deal strengthens Atlas Copco's presence in the Piedmont and Aosta Valley industrial market. The acquisition was reported on November 9, 2021.