KCM Capital Partners' Industrial Service Group completed its acquisition of Industrial Air Power, LLC, a compressed air equipment and parts distributor headquartered in Muskego, Wisconsin. Terms were not disclosed. The announcement was made on November 8, 2021.

Valmet Oyj and Neles Corporation now target completion of their merger on or before April 1, 2022, instead of January 1, 2022, because regulatory reviews are taking longer. The merger was first announced on July 2, 2021.

Xebec Adsorption closed the acquisition of all outstanding shares of Colorado-based UECompression for a total consideration of $8 million, subject to holdbacks and adjustments. The deal adds a 100,000 sq. ft. US plant to expand biogas and hydrogen system production.

Fluitron, an industrial gas compression manufacturer, acquired Bethlehem Hydrogen, a maker of integrated hydrogen compression, dispensing and storage systems based in Northampton, PA, with Ara Partners sponsoring the deal; terms were not disclosed.

EnPro Industries, through subsidiaries including Compressor Products Holdings Limited and Garlock GmbH, entered an agreement to sell Compressor Products International to Howden. The filing reports the agreement dated October 12, 2021.

Private equity firm Ara Partners acquired Fluitron Inc., a maker of industrial gas compression and dispensing equipment based in Ivyland, Pennsylvania, with terms undisclosed.

VME, a Tyler, Texas fabrication and engineering firm, acquired Cortex Process Equipment to add field service and aftermarket support for well-site equipment.

Hydraquip, Inc., part of Employee Owned Holdings, acquired substantially all assets of Flint Hydraulics, a Memphis-based distributor of hydraulic pumps, motors and parts, on October 1, 2021. Flint Hydraulics will keep serving clients under its own name.

Interpump Group closed its acquisition of the White Drive Motors & Steering business units from Danfoss, with plants in the US, Germany and Poland. The total enterprise value is 278 million euro, paid in cash.

Kobe Steel announced a change in the effective date of its capital and business alliance with Miura, under which Miura acquires Kobelco Compressors shares to form a joint venture.

Atlas Copco acquired AEP, a privately owned French distributor of compressors and service provider with 8 employees based in Saint-Michel-sur-Orge near Paris. The purchase price was not disclosed.

Danfoss has completed its acquisition of Eaton's hydraulics business for $3.3 billion after receiving all regulatory approvals. The business is being combined with Danfoss Power Systems, adding about 10,000 employees and $1.8 billion in sales.

Desktop Metal announced the acquisition of Aidro, an Italian hydraulic and fluid power component developer that uses additive manufacturing for oil, gas, energy and aerospace parts.

Cavagna Group, with partner Nirmal Industrial Controls, acquired REPCo Srl, a Milan-based process design house that engineers and supplies process plants and equipment for power, gas, oil and petrochemical fields. The deal was announced on 7 September 2021.

Ingersoll Rand said on September 2, 2021 it will not take part in SPX Flow's exploration of strategic alternatives, including a sale or merger. SPX Flow earlier rejected Ingersoll's $3.59 billion buyout bid in July.

Atlas Copco acquired NATEV GmbH of Borken, Germany, a maker of positioning solutions for assembly tools, to expand its industrial technique business area. Financial terms were not disclosed.

One Equity Partners agreed to merge its portfolio company Walterscheid Powertrain Group into Italian listed firm Comer Industries, with OEP keeping a significant minority stake in the combined company. Together the two companies generated EUR 792.3 million revenue in 2020.

The US Justice Department reached a settlement allowing Danfoss to buy Eaton's hydraulics business, with orbital motor and hydraulic steering assets to be sold to Interpump Group. The deal was originally announced in January 2020 at $3.3 billion and is expected to close around August 1, 2021.

DexKo Global signed a definitive agreement to acquire Fluid-Press Group, a family-owned maker of hydraulic brake components, to join its Hydraulics business alongside Safim Brakes. Financial terms were not disclosed.

Tillotson acquired all assets of PVL Probosch-Vogt-Loos Electronic and Elektrotechnik, a German maker of small engine ignition systems, which will continue operating in Cadolzburg through a new subsidiary.

Valmet and Neles signed a combination agreement and merger plan under which Neles will merge into Valmet, creating a company with illustrative 2020 net sales of about EUR 4.3 billion and around 17,000 staff. The combination targets roughly EUR 25 million in annual run-rate synergies.

Howden has acquired Maintenance Partners NV, a Belgian provider of maintenance, repair and overhaul services for industrial compressors, blowers and steam turbines. The transaction closed on April 30, 2021.

Chicago-based Milton Industries, a pneumatic and hydraulic accessory maker, announced it is acquiring National-Spencer and the Zee Line brand of lube and fluid management products. National-Spencer has facilities in Wichita, Kansas, Spencer, Iowa, and Stockton, California.

Kobe Steel and Miura Co. concluded final agreements under which Miura invests in Kobe Steel's subsidiary Kobelco Compressors and Kobe Steel invests in Miura, forming a capital and business alliance in standard air compressors.

Supreme Integrated Technology (SIT) of Harahan, Louisiana, has acquired the assets of C.S. Controls, a Houma, Louisiana manufacturer of marine systems such as steering gears, cranes and winches. C.S. Controls joins Employee Owned Holdings.

Helios Technologies signed a definitive agreement to acquire NEM S.r.l., a hydraulic solutions maker in Emilia Romagna, northern Italy, serving material handling, construction and agricultural markets. Terms were not disclosed and closing is expected in Q3 2021.

IDEX Corporation completed its acquisition of Airtech Group, Inc. and US Valve Corporation from EagleTree Capital, adding vacuum pumps, blowers, compressors and valves to its Health & Science Technology segment.

Danfoss A/S agreed to sell its White Drive Motors & Steering business to Interpump Group based on an enterprise value of EUR 230 million plus a variable part estimated at EUR 40 million. The sale is a step toward Danfoss's acquisition of Eaton's hydraulics business.

Howden acquired Fancraft (Pty) Ltd in June 2021, a South African firm with over 30 years of service for maintenance, repair and installation of air and gas rotating equipment, adding to its Howden Africa Compressors and Turbines division.

Atlas Copco agreed to acquire Arpuma, a specialized vacuum systems and solutions provider with 14 employees based in Kerpen near Cologne, Germany, serving the chemical and pharmaceutical industry. The purchase price was not disclosed. The deal was expected to close in late Q2 2021.

Carlisle Companies and several subsidiaries signed an equity and asset purchase agreement with BRWS Parent LLC, dated 24 May 2021. Deal value and details are not shown in the excerpt.

Brazil's antitrust authority CADE approved Danfoss's acquisition of Eaton's hydraulic solutions business, conditional on a remedies agreement addressing competition concerns in piston pumps and hydraulic steering units.

SemiTorr, backed by Transom Capital Group, acquired McKenna Engineering & Equipment Co, a distributor and installer of process equipment for air, gas, liquids and dry bulk solids serving California and Nevada. No financial terms were disclosed.

Atlas Copco acquired the operating assets of MidState Air Compressor, a distributor and service provider based in Berlin, Connecticut, covering Connecticut, Rhode Island and Massachusetts. The purchase price was not disclosed.

Northwest Pump bought the assets of D.R. Smith Co. (Air Compressor Service) in Everett, WA, effective May 1, 2021, adding seven staff and an 18th branch.

SPX FLOW signed a definitive agreement to acquire mixing equipment maker Philadelphia Mixing Solutions from Thunder Basin Corporation in an all-cash deal valued at $65 million, expected to close in Q2 2021. The target is based in Palmyra, Pennsylvania.

Oerlikon has signed an agreement to acquire Italy-headquartered INglass S.p.A. and its HRSflow hot runner systems business, expanding its polymer processing solutions; completion is expected in Q2 2021.

Weichai Power, through Weichai Power (Luxembourg) Holding, acquired a 49% stake in Switzerland's Fischer Fuel Cell Compressor AG and set up a joint venture in China with it. The transaction was advised by Niederer Kraft Frey.

Pennine Pneumatic Services (PPS) acquired Hull-based Norman Walker Machinery, a supplier of air compressors and pneumatics in East Yorkshire and North Lincolnshire, announced March 29, 2021.

DXP Enterprises completed its acquisition of Total Equipment Company (TEC), a distributor of aftermarket and service capabilities, announced March 29, 2021. Financial terms were not disclosed.

Weichai Power, through its Luxembourg subsidiary, acquired 49 per cent of Swiss firm Fischer Fuel Cell Compressor AG and set up a joint venture in China in which both will hold shares. The deal was announced on 25 March 2021.

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.

Atlas Copco has acquired Cooper Freer Ltd., a privately owned British compressed air distributor and service provider with 18 employees based in Leicester. The purchase price was not disclosed. The announcement is dated March 3, 2021.

Brown Machine Group of Beaverton, Michigan acquired 100% of the stock of GN Thermoforming Equipment, a Chester, Nova Scotia maker of thermoforming equipment for food packaging, announced March 1, 2021.

Motion & Control Enterprises, a Frontenac portfolio company, acquired Diversified Air Systems, an Ohio air compressor distributor, and Swanson Flo, a Minnesota process instrumentation distributor. LBC Credit Partners agented a senior secured credit facility to support the deals. The article is dated 22 February 2021.

KKR agreed to acquire Flow Control Group, a Charlotte-based maker of pumps, valves and air compressors, from Bertram Capital. Terms were undisclosed, though a source said the deal values the company above $1 billion including debt.

Regal Beloit and Rexnord agreed to combine Rexnord's Process & Motion Control segment with Regal through a tax-free spin-off and Reverse Morris Trust transaction, creating a power transmission provider with about $4.1 billion pro forma 2020 revenue and $120 million targeted annual cost synergies.

Momentum Group agreed to acquire 100 percent of Öbergs i Karlstad AB, a Swedish pneumatics specialist with annual sales of about 50 MSEK and 12 employees. The takeover took effect on 5 February 2021.

MCE, a fluid power and lubrication supplier based in Zelienople, Pennsylvania, acquired Swanson Flo, a regional distributor of process instrumentation and flow control valves based in Plymouth, Minnesota, with 92 employees.

Busch Vacuum Solutions USA acquired the vacuum pump, blower and service business of Jennings Associates (dba Jennings Alberts), a distributor in the Eastern Central Region of the US. Jennings Alberts co-owners Bill Altier and Lisa Dugery joined Busch as managers.