Mergers & Acquisition

Mergers & Acquisition

SKF's Acquisition of US Based Lubrication Systems Company Approved

January 4, 2011

SKF's acquisition of Lincoln Holdings Enterprises (below referred to as Lincoln Industrial), a leading supplier of lubrication systems and tools, has now been approved by the relevant antitrust authorities. SKF pays around USD 1 billion on a cash and debt free basis for Lincoln Industrial. The acquisition is... Read More

Mergers & Acquisition

Ahlstrom Completes Divestment of Altenkirchen Site in Germany

January 4, 2011

Ahlstrom, a global leader in nonwovens and specialty papers, announces that it has completed the divestment of Ahlstrom Altenkirchen GmbH in Germany to Interface Solutions. Ahlstrom announced earlier this month the sale of the Altenkirchen site to Interface Solutions, a portfolio company of Pennsylvania-based... Read More

Mergers & Acquisition

Timken Acquires City Scrap and Salvage to Increase Supply Chain Efficiency for Its Steel Operations

January 3, 2011

CANTON, Ohio, Dec. 31, 2010 - The Timken Company (NYSE: TKR) today announced that its wholly owned subsidiary, TSB Metal Recycling LLC, has purchased substantially all of the assets of City Scrap and Salvage Co. in Akron, Ohio. City Scrap, which employs 30 people, has a longstanding relationship with Timken... Read More

Mergers & Acquisition

Lincoln Electric to Acquire Severstal Welding Business in Russia

January 3, 2011

CLEVELAND, Dec. 28, 2010 - Lincoln Electric Holdings, Inc. (Nasdaq: LECO) today announced that it has signed a definitive agreement to acquire OOO Severstal-metiz: welding consumables, a leading manufacturer of welding consumables in Russia and a subsidiary of OAO Severstal, one of the world's leading vertically... Read More

Mergers & Acquisition

MasTec Announces Significant Revision and Enhancement to Nsoro Acquisition Earn-out Terms

January 3, 2011

CORAL GABLES, Fla.,Dec. 28, 2010 - MasTec, Inc. (NYSE: MTZ) today announced that it has signed an amendment which significantly improves the Company's economics in the earn-out associated with the Nsoro acquisition, MasTec's wireless infrastructure construction and maintenance subsidiary. Under the revised terms... Read More

Mergers & Acquisition

FirstEnergy Sells 6.65 Percent Interest in Ohio Valley Electric Corporation

January 3, 2011

AKRON, Ohio, Dec. 28, 2010 - FirstEnergy Corp. (NYSE: FE) today announced that its FirstEnergy Generation Corp. subsidiary sold a 6.65 percent participation interest in the output of the Ohio Valley Electric Corporation (OVEC) to Peninsula Generation Cooperative, a subsidiary of Wolverine Power Supply Cooperative... Read More

Mergers & Acquisition

FTS Completes Its Sale of Its North American Business to PAETEC

January 3, 2011

FAIRPORT, N.Y. and Herzliya, Israel December 28, 2010 PAETEC Holding Corp. (NASDAQ GS: PAET), a FORTUNE 1000 company, and FTS Ltd. (LSE: FTS), a global provider of billing, customer care and policy control solutions for communications and content service providers, announced the completion of the sale of assets and... Read More

Mergers & Acquisition

Dynapower Corporation Acquires iTherm Technologies

December 30, 2010

iTherm Technologies is pleased to announce it has joined forces with Dynapower Corporation, a global leader in power conversionsystems located in South Burlington, Vermont. The move supports iTherm's commitment to continued growth and development in the field of induction heating, power supply design and advanced... Read More