Holsby Metall AB will deliver processed aluminum profiles for telecom infrastructure expansion in the USA and Italy, with an order value of SEK 100 million over three years, and will invest in six new production lines.
Stellar Industries plans to expand operations in Mason City by purchasing a former distribution facility adjacent to its existing plant, adding 155,000 square feet and 18 acres. The company will invest over $15 million and create at least 40 new jobs over five years.
Hauhinco Holding GmbH, parent company of HBT GmbH, acquired 100% of Breuer Motoren GmbH & Co KG, a Bochum-based supplier of drive and motor solutions for mining and industry, with retroactive economic effect from January 1, 2024.
Nors Group acquired 100 percent of the stock of Great West Equipment, a Volvo CE dealer covering British Columbia and Yukon, making it a wholly owned subsidiary. The transaction closed on March 1, 2024.
AHB Tooling and Machinery, LLC acquired Central UP Industrial Supply, Inc as of March 1, 2024. All employees of Central UP will become employees of AHB and remain at the same facility.
Turbo Systems Engineering Limited acquired Apple Food Systems, a Hull-based manufacturer of bespoke processing equipment for food and pharmaceutical industries. The acquisition strengthens Turbo's position as a one-stop shop for bespoke processing equipment.
HAIMER Group acquired a 25% stake in WinTool AG and entered a strategic partnership with TCM Group, gaining global distribution rights for WinTool and Toolbase software and hardware for tool management.
John Deere will invest R$230 million by 2026 to expand its tractor factory in Montenegro, Rio Grande do Sul, Brazil. The investment includes new production lines, expanded storage, a warehouse, a restaurant, and increased internal areas.
NETZSCH do Brasil inaugurated a new R$100 million manufacturing plant in Pomerode, Santa Catarina, to produce NOTOS spindle pumps for global markets. The plant had been under construction since 2021 and employs 70, with a target of 100 jobs by year end.
Atlas Copco Group acquired Zahroof Valves Inc., a Houston-based designer and assembler of reciprocating compression valve technology with 44 employees and about 130 MSEK revenue in 2023. The purchase price was not disclosed.
Gangtian Intelligent held a groundbreaking ceremony for Phase 3 of its high-end CNC machine tool core functional components project in Danyang, Jiangsu. The phase involves a 1.5 billion yuan investment, 51.4 mu of new land, and 90,000 sqm of new buildings for producing spindles and ATC products.
One Equity Partners (via OEP Hitch B.V.) and EMC S.r.l. propose to acquire joint control of CBM S.p.A., an Italian manufacturer of tractor attachment systems. OEP will hold 49% and EMC 51% of CBM's shares.
Guangdong Chuangneng Precision Machinery Co., Ltd. is building Phase II of its CNC machining center in Zhangmutou, Dongguan. The project, started in late 2022, is topped out and expected to start production in July 2024, increasing capacity by 60% to 16,000 units per year. Total investment is 100 million yuan.
Xinjin Power Group held a groundbreaking ceremony for its Energy Equipment Manufacturing Base in Luancheng District, Shijiazhuang, China. The base covers 338 acres with a total construction area of 220,000 square meters.
Rheinmetall received a fifth order from Germany's BAAINBw to modernize the Bundeswehr's Modular Medical Facilities total system, including X-ray containers with Siemens equipment. The contract value is in the mid-single-digit million-euro range.
New JCM Group held a groundbreaking ceremony for its energy equipment manufacturing base in Shijiazhuang's Luancheng district. The base covers 338 mu (22.5 hectares) with total investment over 1.1 billion yuan, will employ over 1,000 people, and is expected to begin initial production by December 2023.
Baker Hughes inaugurated an expanded production line for centrifugal compressors at its Talamona plant in the Valtellina area of Italy. The investment will add four specialized jobs, taking the site above 300 employees.
Bwv-Wellpappenmaschinen Vertriebs-GmbH completed the acquisition of a 30% stake in BHS Corrugated Maschinen- und Anlagenbau GmbH from Bobst Group SA on February 29, 2024. Financial terms were not disclosed.
Innovance, a 100% employee-owned holding company focused on manufacturing and industrial technology, has acquired Jorgensen Conveyor and Filtration Solutions, a provider of conveyors, coolant filtration systems, material handling equipment and chip processing equipment.
Mastercam, in conjunction with Sandvik, announced the signing of an agreement to acquire Cimquest, a reseller and service provider for Mastercam in the Northeast US. The acquisition aims to expand technology and support for Mastercam users.
Cooper Corporation inaugurated two new units in Satara, Maharashtra: a foundry expansion at K10-MIDC with 3,500 tons/month capacity, and an aluminum high-pressure die casting unit at E1-MIDC with 500 tons/month capacity. Combined, the facilities will employ over 250 people.
CATL will become Lonking's preferred supplier and the pair will collaborate on R&D and promotion of compatible products for electric construction machinery. Lonking also unveiled a new electric wheel loader equipped with a CATL battery.
Aero Engine Corporation of China (AECC) announced a winning bid for an integrated automation line for a 5-axis milling-turning composite machining center. The announcement was made on 28 February 2024.
NISSEI PLASTIC INDUSTRIAL CO., LTD. opened its second factory in China, NISSEI PLASTIC MACHINERY (HAIYAN) CO. LTD., in Haiyan County, Zhejiang Province. Construction was completed in December 2023 and operations began in January 2024. Initial production capacity is 15 units per month.
ELGi Equipments plans a long-term investment of more than ₹500 crore to build new buildings and production lines on its 120-acre campus outside Coimbatore. It will progressively move city factory operations there over five to six years.
QCC LLC acquired the DYNA 70025 Actuator product line and the DYNA Controls product line from Woodward. The transfer of manufacturing is expected to commence at the end of March 2024 for actuators and mid-May 2024 for controls, with completion by May 20, 2024.
Zayer, a machine tool manufacturer, has invested in Vixion Connected Factory, a deeptech startup owned by TECNALIA, becoming its industrial partner. The investment aims to advance digitalization and Industry 4.0 in machine tools.
Glass Futures, a public body, awarded a £680,000 contract to Glass Resorts t/a Pro-Sight for the design, supply, installation and commissioning of container ware conveyor systems for its Centre of Excellence in St Helens, North West England. The contract runs from 10 May 2024 to 12 Dec 2024.
Equipment Ontario Incorporated announced on February 27, 2024, that it has acquired the majority interest of Advance Construction Equipment Limited. The Advance Equipment name will remain as a division of Equipment Ontario.
John Crane, a business of Smiths Group, was selected to supply dry gas seals for three supercritical CO2 compressors at a large-scale blue hydrogen project in Texas, USA. The announcement was made on 27 February 2024.
PT Mitsubishi Jaya Elevator and Escalator received a large order to supply 33 elevators and 22 escalators for Phase 1 of the Nusantara capital city project in Indonesia.
Kele, Inc., a portfolio company of The Stephens Group, acquired AC Controls and AC Technical Services, a distributor and rep of industrial process and combustion applications. The deal expands Kele's footprint in industrial automation.
William Say & Co invested over £850,000 in its Bermondsey, London site, including a new cutting line costing over £500,000 (operational since March 2023), refurbished power presses and bodymaker machines.
The European Commission approved the acquisition of joint control of Wesco Aircraft Holdings (Incora) by Allianz SE and Silver Point Capital. Incora provides supply chain solutions in defense, space, automotive and industrial sectors.
DN Solutions (formerly Doosan Machine Tool) will invest 107.6 billion won to build a Global Unit Advanced Manufacturing Center in Gangseo-gu, Busan, South Korea, by 2025. The facility will produce core machine tool parts and create over 300 new jobs.
GE Aerospace announced an $11 million investment to transform its Engine Services facility in Singapore into a Smart Factory, leveraging lean manufacturing and additive technologies to improve engine component repair. The project will start at Seletar Aerospace Park and expand to two other plants.
Caterpillar plans a $725 million expansion and retooling at its Lafayette Large Engine Center, including a 325,000-square-foot addition and $625 million in machinery and equipment, to support growth in energy and transportation sectors.
Omnia Technologies acquired Win&Tech and Innotec, two Italian companies specializing in microfiltration technologies for the wine and beverage industry, to create a new microfiltration business line.
Q-Interline has received its largest order to date from a global dairy company for four DairyQuant GO analysers for measuring plant-based drinks. The order expands the collaboration to the UK.
JTA Connection has received an order worth over €500,000 from ST-Koneistus for an automatic pallet loading system, to be integrated with a Mazak Palletech system. The order includes JTA Connection's Nexus operating system.
Exmain inaugurated new industrial facilities in León, Spain, on February 22, 2024, featuring a 1,672 m² building with solar panels and EV charging, and announced the addition of Sany as a distributed brand.
Voith will supply an intelligent quality control system (QCS) to board manufacturer WEIG for its BM 6 at the Mayen mill in Germany, including installation and commissioning.
Matsuura Machinery is expanding its Takefu Plant in Echizen City, Fukui, with a new assembly building and spindle building, increasing machining center production by 20% to 40 units per month. Investment is about 2.8 billion yen.
Dongsung Finetec signed a letter of intent with Hanwha Ocean to supply NO96 LO3+ type insulation for LNG carriers, valued at 90 billion KRW, with delivery by 2027.
Fabryka Obrabiarek RAFAMET S.A. signed a contract with PESA Mińsk Mazowiecki S.A. to supply a UFD 140N portal lathe with friction drive for PLN 6.499 million. Delivery is set for January 31, 2025, with installation within 35 days thereafter.
Atlas Copco appointed Philippe Ernens president of its Compressor Technique business area and member of Group Management, effective May 1, 2024. He was previously president of the Oil-free Air division.
EiM Capital and Apogee Global signed a definitive agreement to acquire Dana's European hydraulics business (formerly Brevini Fluid Power) in Reggio Emilia, Italy, and combine it with HPI, creating a hydraulics engineering group with about 700 employees.
Finnish companies Sammet Dampers Oy and Caligo Industria Oy announced a sister-company merger, with Sammet's assets and liabilities transferred to Caligo Industria, effective March 31, 2024.
Dusty TLP Ltd., owner of PEAK Scientific, acquired Wirac Automation Ltd (trading as Noblegen), a specialist in gas and cryogenic solutions. The acquisition broadens Dusty TLP's portfolio in gas generation technology.
Kilburn Engineering Ltd (KEL) acquired M E Energy Private Ltd, a waste heat recovery and reutilization systems company, for an aggregate consideration of Rs 98.70 crore (including cash payout of Rs 75.46 crore). The acquisition aims to strengthen KEL's thermal engineering portfolio.