FORT SMITH, Ark. – ABB announced today it has completed the acquisition of Aurora Motors. The transaction was originally announced on November 4, 2024, and financial terms were not disclosed. Aurora Motors is a $4 million U.S. vertical pump motors provider, with engineering and operations in Shanghai, China, and a corporate office and distribution center in Hayward, California.
mergers & acquisitions
BIRMINGHAM, Ala. – Motion Industries, Inc. has signed a definitive purchase agreement to acquire the operating assets of U.S.-based International Conveyor and Rubber (ICR). The transaction is expected to close at the end of December 2024, subject to customary closing conditions.
LONDON – Pentair plc has annou
Waukegan, Ill. – The Drives and Motion Division of Yaskawa America, Inc. has announced the appointment of Doug Burnside to the position of Drives Group vice president.
Burnside replaces long-time Drives Group Vice President Mark Bernicky, who will be taking on a new role for Yaskawa, focused on strengthening customer relationships.
HOUSTON – DXP Enterprises, Inc. has announced that it has completed the acquisitions of Burt Gurney & Associates (“BGA”) and MaxVac Inc. (“MaxVac”). DXP funded the acquisitions with cash on the balance sheet.
WESTFORD, Mass. – Kadant Inc. has announced it has completed the acquisition of Dynamic Sealing Technologies LLC and affiliates (“DSTI”) for approximately $55 million in cash, subject to certain customary adjustments. The acquisition was financed through borrowings under Kadant's revolving credit facility.
MAULBURG, Germany – Busch Vacuum Solutions, Pfeiffer Vacuum and centrotherm clean solutions have become one under the new Busch Group. More than 8,000 employees in 45 countries worldwide work for the Group, which has an annual consolidated revenue of close to 2 billion Euro.
STAMFORD, Conn. – Crane Company has announced that it has acquired Vian Enterprises, Inc. (“Vian”) for approximately $103 million on a cash free and debt free basis.
COLORADO SPRINGS, Colo. – Applied Flow Technology Corporation (AFT) has been acquired by Datacor, Inc of Florham Park, New Jersey, USA. The acquisition occurred in August 2023. It is a mutually beneficial decision and both companies are eager to enhance the engineering solutions AFT develops to help engineers around the world design safer, more efficient and more reliable piping systems.
BATON ROUGE, La. – H&E Equipment Services, Inc. has announced the signing of a definitive agreement to acquire the business of Precision Rentals. Based in Phoenix, Arizona, the company operates a branch in Phoenix and a second location in Aurora, Colorado. Precision offers a mix of general rental assets with a total fleet size, as measured by original equipment cost, of approximately $70 million and an attractive average fleet age of 37 months.
DAVIDSON, N.C.— Ingersoll Rand Inc. has completed the acquisitions of Oxywise s.r.o. and Fraserwoods Fabrication and Machining Ltd. for a combined all-cash purchase price of approximately $26 million.
Both Oxywise and Fraserwoods will join Ingersoll Rand’s Industrial Technologies and Services (IT&S) segment.
Equipment Leasing and Finance Association Forecasts Sluggish Growth in Year Ahead
Mergers and acquisitions expert looks back on 2022 and predicts what’s ahead for pump companies in 2023.
Founded in 1974, Pedrollo Group is an Italian family company in the water pumps industry. The group recently acquired a majority share of Superior Pump, the brand name for Michel Sales Company, based in Saint Paul, Minnesota. Superior Pump designs, manufactures and markets residential and commercial water pumps and systems with a presence in the North American market. Charlie Michel III will remain minority shareholder and CEO of Superior Pump.
Coatesville, Pa. – On Jan. 19, 2022, Aerzen USA announced the acquisition of Vooner FloGard Corporation, headquartered in Charlotte, North Carolina, with manufacturing operations in Greeneville, Tennessee. Vooner is a premier manufacturer of vacuum pumps and vacuum system components.
Mergers and acquisitions expert explores what’s ahead for pump companies in 2022.
DAVIDSON, NC — Ingersoll Rand Inc., a global provider of flow creation and industrial solutions, has entered into an agreement to acquire Maximus, a provider of digital controls and Industrial Internet of Things (IIoT) production management systems for the agritech market. The transaction is expected to close in Q3 upon obtaining the required regulatory approvals. Upon transaction close, Maximus will join the PST segment.
MINNEAPOLIS – Kurita Water Industries, headquartered in Tokyo, Japan, a global provider of water treatment solutions, this week announced the completion of its acquisition of Keytech Water Management through its North American subsidiaries in a stock purchase deal.
Economists expect worldwide GDP to return to a significant rate of growth in 2021.
