The acquisition of Simcro, which was announced earlier this year, could not be completed and the share purchase agreement was cancelled. The transaction was subject to regulatory approval by New Zealand authorities, which could not be obtained in the required timeframe. Sulzer continues to pursue the strategic development of its Applicator Systems division, as demonstrated with the recently completed acquisition of Transcodent.
mergers & acquisitions
Salindres, France – CTI-ORELIS announced today the acquisition of the CeraMem assets from Veolia Water Technologies. CTI-ORELIS will immediately begin integrating the new business, developing synergies for advanced ceramic membrane based solutions for the oil and gas industry.
Greenwood, IN — Endress+Hauser announces AdEdge Water Technologies has joined its OEM Business Partner Program. The two companies will collaborate together to ensure technology alignment, improve operating efficiencies and explore new opportunities to trim cost, mitigate risk and develop new service models that ultimately deliver more value for our mutual end user customers.
Minneapolis, MN, - Electric Machinery (WEG Group), in conjunction with S.T. Cotter Turbine and Axis Mechanical Group, are pleased to announce a business alliance that will enable a responsive, complete aftermarket service capability for all of your rotating equipment.
Burbank, CA (Sept. 7, 2017) – Haskel, an Accudyne brand and manufacturer of high-pressure equipment, recently named Aussie Fluid Power (AFP) as the newest distributor to join the Haskel network. This partnership will allow Haskel to serve a broader customer base in Western and Northern Australia.
David Goddard, president of Westpower, and the principals of R&R Machine, Inc., Derek Vockel and Pat Raymond, are pleased to announce that they have reached an agreement to amalgamate the ownership interests of R&R and Westpower. The combined company will offer rotating equipment repair and field services coupled with pump, mixer and integrated fabricated systems through Northwest United States and Western Canada.
PITTSBURGH (April 9, 2015) – Lewis-Goetz is pleased to announce it has acquired Action Industrial Group, a South Carolina-based fabricator and distributor specializing in fasteners, gaskets, hose products and industrial construction tools and supplies. The acquisition will add seven Southeast locations to the Lewis-Goetz footprint, as well as considerable gasket fabrication technologies. Action Industrial Group has 78 employees and had $21.5 million in net sales last year.
LENEXA, Kan. (Jan. 26, 2015) – Smith & Loveless Inc., a provider of advanced grit removal and handling technology, announces the asset acquisition of longtime headworks equipment designer Schloss Engineered Equipment Inc., based in Aurora, Colorado. The parties agreed not to disclose the terms of the acquisition.
ROCK HILL, S.C. (Jan. 5, 2015) – 3D Systems (3DS) has acquired U.K.-based 3-D printer maker botObjects and plans to launch the CubePro C, a new desktop full-color 3-D printer powered by botObjects' technology. The company did not disclose the terms of the transaction but expects it to be accretive to its 2015 results.
PITTSBURGH (Jan. 5, 2015) – Pittsburgh, Pennsylvania-based L.B. Foster Company has announced an agreement to acquire Chemtec Energy Services, LLC of Willis, Texas, a major supplier of blending, injection and custody transfer metering skids for critical uses in the oil and gas industry.
The acquisition expands L.B. Foster's ability to provide engineered solutions for the midstream market where a substantial amount of pipeline infrastructure is still needed.
HALTON HILLS, Ontario (Dec. 30, 2014) – We are excited to announce that Hayward Gordon U.S., Inc., an affiliate of Hayward Gordon ULC (Hayward Gordon), and Sharpe Mixers Inc. (Sharpe) have joined forces.
KYOTO, Japan (Dec. 11, 2014) – Nidec Corporation has announced that it has agreed to acquire 100 percent of the shares of Gerate- und Pumpenbau GmbH Dr. Eugen Schmidt (GPM) from its shareholders through Nidec’s subsidiary, Nidec Motors & Actuators (Germany) GmbH (NMA(G)). For this purpose, Nidec entered into a share purchase and transfer agreement with each of GPM's shareholders.
WINONA, Minn. (Dec. 10, 2014) - RTP Company has announced the acquisition of three production facilities from Alloy Polymers, Inc. The three plants, located in Richmond, Virginia, Crockett, Texas, and Orange, Texas, will be merged with the previous RTP Company acquisition of Alloy Polymers’ Gahanna, Ohio, plant. Cary Street Partners LLC represented Alloy Polymers in both transactions.
SPARTANBURG, S.C., (Nov. 24, 2014) – Synalloy Corporation has announced that it has acquired Specialty Pipe & Tube, Inc.
Specialty is a distributor of seamless carbon pipe, with a focus on heavy wall, large diameter products. End markets for its products include oil and gas, heavy equipment and other industrial businesses where high-pressure applications are required.
HOUSTON (20 November 2014)—Dresser-Rand Group Inc., a global supplier of rotating equipment and aftermarket parts and services, announced that, at a special meeting, its stockholders approved the adoption of the merger agreement with Siemens Energy, Inc., pursuant to which Dresser-Rand will be acquired by Siemens.
HOUSTON (Nov. 17, 2014) – Halliburton Company and Baker Hughes Incorporated announced a definitive agreement under which Halliburton will acquire all the outstanding shares of Baker Hughes in a stock and cash transaction. The transaction is valued at $78.62 per Baker Hughes share, representing an equity value of $34.6 billion and enterprise value of $38.0 billion, based on Halliburton’s closing price on Nov.
PLEASANTON, Calif. (Nov. 3, 2014) – IronPlanet has announced that it has acquired Kruse Energy and Equipment Auctioneers LLC, a leader in oilfield equipment auctions, extending its presence in the oilfield industry. Terms were not disclosed.
GLASGOW, Scotland (Oct. 15, 2014) – The Weir Group PLC has entered into an agreement to acquire Trio Engineered Products1, a Chinese-American manufacturer of crushing and separation equipment for the mining and aggregates markets, for an enterprise value of $220 million2.
HOUSTON (Sept. 21, 2014) – Dresser-Rand Group Inc. announced that it has entered into a definitive merger agreement with Siemens under which Siemens will acquire all of the outstanding shares of Dresser-Rand common stock for $83.00 per share in cash. The transaction is valued at approximately $7.6 billion, including the assumption of debt.
MÖLNDAL, Sweden (Sept. 18, 2014) – VibrAlign, distributor of Fixturlaser shaft alignment systems in the U.S., announced that in June the ACOEM Group, France, acquired Elos Fixturlaser AB, Sweden, a developer and manufacturer of laser-based shaft alignment systems.
ROCK HILL, S.C. (Sept. 3, 2014) – 3D Systems (3DS) announced that it has acquired Belgium-based LayerWise, a provider of advanced direct metal 3-D printing and manufacturing services. LayerWise delivers quick-turn, 3-D-printed metal parts—manufactured on its own proprietary line of direct metal 3-D printers—for aerospace, high-precision equipment and medical and dental customers. The transaction is expected to be immediately accretive to 3DS' cash generation.
ROCK HILL, S.C. (Aug. 13, 2014) – 3D Systems (3DS) announced that it has acquired American Precision Prototyping (APP) and sister company American Precision Machining (APM), providers of rapid prototyping and advanced manufacturing, product development and engineering services, further
extending its service bureau operations in the U.S. Details of the transaction were not disclosed.