Mergers & Acquisition

Mergers & Acquisition

Ametek Completes Acquisition of Xantrex Programmable Power

October 23, 2008

--Unit of Xantrex Technology Broadens Scope of AMETEK's Power Business-- Paoli, PA, August 25, 2008 -- AMETEK, Inc. (NYSE: AME) completed the previously announced acquisition of the programmable power business of Xantrex Technology, Inc. (TSX: XTX) for $120 million in cash. Based in San Diego, Xantrex's... Read More

Mergers & Acquisition

Nidec Submits Proposal to Purchase Shares of Toyo Denki Seizo K.K.

October 22, 2008

KYOTO, Japan, Sept. 16, 2008 - Nidec Corporation ("Nidec") (NYSE:NJ) announced today that it has submitted to the board of Toyo Denki Seizo K.K. ("Toyo Denki") (Tokyo Stock Exchange First Section: 6505), on September 16, 2008, a comprehensive proposal to acquire all, but not less than 50.1%, of the shares of common... Read More

Mergers & Acquisition

Metso Extends Its Belt Services with an Acquisition in Australia

October 17, 2008

Metso will acquire G & F Beltline Services Pty Ltd (Beltline), a provider of conveyor belt installations and maintenance services to the mining industry based in Jandakot, Western Australia. The seller is a private family trust. The value of the deal is approximately EUR 7 million. The company will be transferred to... Read More

Mergers & Acquisition

Ferraz Shawmut Acquires Canada's R-Theta Thermal Solutions

October 17, 2008

Positions Ferraz Shawmut as a Leader in Thermal Protection for Power Electronics Newburyport, Mass., Oct. 14, 2008 - Ferraz Shawmut, a global leader in the field of circuit protection and subsidiary of the Carbone Lorraine Group, has stepped up the pace of its developments in thermal protection for power... Read More

Mergers & Acquisition

Kontron Finalizes Acquisition of Intel's® Communication Rackmount Server Operation

October 15, 2008

Eching, Germany, October 10, 2008 - Kontron, one of the world's leading suppliers of embedded computer systems, has finalized its announced acquisition of Intel's® Communication Rackmount Server Operation. This means Kontron America Inc., a 100 percent Kontron subsidiary, based in San Diego, is now the owner of the... Read More

Mergers & Acquisition

Court Enters Order Approving the Sale of the Plastics Films and Molded Products Businesses of Atlantis Plastics, Inc.

October 14, 2008

ATLANTA, Oct. 8 -- Atlantis Plastics, Inc. (the "Company") is pleased to announce that on Monday, October 6, 2008, the United States Bankruptcy Court for the Northern District of Georgia entered an order approving the previously announced acquisition of substantially all of the assets of the Company's Plastic Films... Read More

Mergers & Acquisition

GSI Announces Closing of Sale of U. S. Optics Business

October 14, 2008

BEDFORD, Mass., Oct. 9 -- GSI Group Inc., (NASDAQ:GSIG), a leading supplier of precision technology and semiconductor systems, today announced that it has completed the sale of its General Optics business unit located in Moorpark, California to Gooch & Housego plc. for $21 million. The Company also stated that its... Read More

Mergers & Acquisition

Gichner Acquires Charleston Marine Containers, Inc.

October 9, 2008

Dallastown, Pennsylvania - October 6, 2008 - Gichner Systems Group, Inc. ("Gichner"), the leading supplier of tactical military shelters to the US Armed Forces, announced today that it has acquired Charleston Marine Containers, Inc. ("CMCI"), located in Charleston, South Carolina. CMCI is the leading domestic... Read More

Mergers & Acquisition

MTS Completes Acquisition of SANS Group

October 8, 2008

EDEN PRAIRIE, Minn., Oct. 2 -- MTS Systems Corporation (NASDAQ:MTSC) today announced that it has acquired the assets of SANS Group (SANS), a privately held company based in Shenzhen, China. The value of the transaction is approximately $43.6 million. "SANS is an excellent strategic complement to our Test business... Read More

Mergers & Acquisition

Sequa sells MEGTEC Systems to Hamilton Robinson Capital Partners

October 8, 2008

De Pere, Wisconsin, USA. (September 24, 2008) - Hamilton Robinson Capital Partners, a private equity firm based in Connecticut, announced today that together with MEGTEC Systems management, it has acquired MEGTEC from parent company Sequa Corporation. The transaction involves all MEGTEC businesses, including the... Read More

Mergers & Acquisition

Parker Maintains Long-Term Focus on Strategic Acquisitions and Growth

October 7, 2008

Acquires Three Companies Contributing a Combined $452 Million in Annualized Revenues and Supporting International Expansion and New Market Growth Opportunities CLEVELAND, Oct. 1 - Parker Hannifin Corporation (NYSE:PH), the world leader in motion and control technology, today announced that it has acquired three... Read More

Mergers & Acquisition

Tyco Electronics Completes the Sale of Its Radio Frequency Components and Subsystem and Automotive Radar Sensors Businesses

October 7, 2008

PEMBROKE, Bermuda, Sept. 29 - Tyco Electronics Ltd. (NYSE:TEL) has completed the previously announced sale of its Radio Frequency Components and Subsystem business, which was formerly part of the company's Wireless Systems segment. The business, which designs and manufactures RF components and subsystems for the... Read More

Mergers & Acquisition

Advanced Instruments Acquires D & F Control Systems Inc.

October 6, 2008

NORWOOD, MASSACHUSETTS, USA, October 2, 2008 -- Advanced Instruments, Inc., of Norwood, Massachusetts, announced today that it has acquired 100% of the shares of D & F Control Systems, Inc., of Dublin, CA. The terms of the transaction were not disclosed. D & F Control Systems manufactures and markets milk... Read More

Mergers & Acquisition

General Finance Corporation Announces Closing Of Pac-Van, Inc.

October 3, 2008

ACQUISITION, REVISED GUIDANCE FOR FISCAL 2009, APPOINTMENT OF NEW DIRECTOR AND COMMENCEMENT OF TRADING ON THE NASDAQ STOCK MARKET Pasadena, CA - October 1, 2008 - General Finance Corporation ("General Finance") (NASDAQ: GFN, GFNCW and GFNCU) today announced that it completed its acquisition of Pac-Van, Inc... Read More

Mergers & Acquisition

Niantic Seal Acquires Northeast Rubber Products, Inc.

October 2, 2008

Deal Combines Two Well Known and Respected Performance Materials Companies Lincoln, RI (July 1, 2008) - Niantic Seal Inc., a wholly owned subsidiary of The INSCO Group, announced today the acquisition of Northeast Rubber Products, Inc., a leading distributor and fabricator of industrial rubber products. The new... Read More

Mergers & Acquisition

Matrix Service to Acquire Engineering and Construction Assets and Technology from CB&I

September 19, 2008

TULSA, Okla., Sept. 15 / -- Matrix Service Co. (NASDAQ:MTRX), a leading industrial services company, today announced an agreement with CB&I (NYSE:CBI) to acquire engineering and construction resources and technology used to design, engineer and construct single and full containment LNG storage tanks, LIN/LOX storage... Read More

Mergers & Acquisition

Wonderware Business Unit of Invensys Acquires SAT Corporation to Offer Mobile Solutions

September 18, 2008

LAKE FOREST, Calif., -- Wonderware, a business unit of Invensys, today announced that it has acquired Houston-based SAT Corporation to offer mobile solutions that will help drive operational excellence for its customers. With this acquisition, Wonderware will form a new mobile solutions group that further expands... Read More

Mergers & Acquisition

KEMET Announces the Sale of Its Wet Tantalum Assets

September 18, 2008

GREENVILLE, S.C. September 15, 2008 - KEMET Corporation (NYSE:KEM) today announced that it has sold its Wet Tantalum assets to a wholly-owned subsidiary of Vishay Intertechnology, Inc. (NYSE:VSH) for $35.2 million and other consideration in the form of a three-year term loan of $15 million. Sales... Read More

Mergers & Acquisition

Baldor Electric Company Announces Acquisition of Maska Power Transmission Business

September 17, 2008

Fort Smith, Arkansas - Baldor Electric Company (NYSE:BEZ) markets, designs, and manufactures industrial electric motors, power transmission products, drives, and generators and is based in Fort Smith, Arkansas. Today Baldor announced that it has acquired Poulies Maska, Inc. of Ste-Claire, Quebec, Canada. Maska is... Read More

Mergers & Acquisition

Fiberguide Industries Acquired by Halma

September 17, 2008

Acquistion to promote product innovation and extend reach into global markets Stirling, N.J. (16 September 2008) Further extending its presence into global markets, optical fiber manufacturer, Fiberguide Industries, has announced its acquisition by the leading sensor, safety and technology group, Halma p.l.c... Read More