Mergers & Acquisition

Mergers & Acquisition

Edcor Expands Service Offerings with Acquisition of BenefitSource, Inc.

July 3, 2007

PONTIAC, Mich., June 22 /-- Today Edcor Data Services (Edcor) announced the acquisition of BenefitSource, Inc. in a stock transaction. BenefitSource is a leading Michigan-based provider of third-party administration (TPA) services for self-insured medical, dental, vision, prescription drugs and short-term... Read More

Mergers & Acquisition

ICE Announces Definitive Agreement to Acquire Winnipeg Commodity Exchange

July 3, 2007

ATLANTA, June 22 / -- IntercontinentalExchange, Inc., the leading electronic energy marketplace and soft commodity exchange, announced that it has entered into a definitive agreement to acquire the Winnipeg Commodity Exchange (WCE), the leading agricultural commodity futures and options exchange in Canada and home... Read More

Mergers & Acquisition

Meggitt-USA, Inc. Completes Acquisition of K&F Industries

July 3, 2007

WHITE PLAINS, N.Y., June 22 -- K&F Industries Holdings, Inc. ("K&F") (NYSE:KFI) today announced that Meggitt-USA, Inc. ("Meggitt"), a wholly-owned United States subsidiary of Meggitt PLC, has completed the acquisition of K&F for a total purchase price of approximately $1.8 billion, inclusive of retained or retired... Read More

Mergers & Acquisition

Deep Down Executes LOI to Acquire Mako Technologies

July 3, 2007

HOUSTON, June 21 -- Deep Down, Inc. (BULLETIN BOARD: DPDW) today announced it has executed a letter of intent (LOI) to acquire Mako Technologies, Inc. (Mako). Headquartered in Morgan City, Louisiana, Mako serves the growing offshore petroleum and marine industries with technical support services, and products... Read More

Mergers & Acquisition

Honeywell Agrees to Acquire Enraf, Specialized Instruments and Solutions Leader

July 3, 2007

Enraf technology extends control and field solutions and service in rapidly growing oil, gas and biofuels industries PHOENIX, Arizona - (June 26, 2007) - Honeywell (NYSE: HON) announced today it has signed a definitive agreement valued at approximately $260 million to acquire Enraf Holding B.V., a division of... Read More

Mergers & Acquisition

Nucor to Acquire Magnatrax

July 3, 2007

CHARLOTTE, N.C., June 25 / -- Nucor Corporation (NYSE:NUE) announced today that it has entered into a Merger Agreement pursuant to which Nucor will acquire Magnatrax Corporation ("Magnatrax"), via the merger of Magnatrax with a wholly owned subsidiary of Nucor, for a cash purchase price of approximately $280... Read More

Mergers & Acquisition

Austin Hardware & Supply, Inc. Acquires Fastener Supplier JPC Specialties

July 3, 2007

Austin Hardware and Supply, Inc. has announced the acquisition of JPC Specialties, a leading supplier of standard and specialty fasteners located in Philadelphia, Pennsylvania. The acquired firm will continue operations from its Philadelphia location under the name JPC Fasteners, an Austin Hardware Company. The... Read More

Mergers & Acquisition

Sopheon Announces Agreement to Acquire Alignent Software

July 3, 2007

Transaction Will Broaden Company's Leadership as Provider of Strategic Business Solutions for Product Life Cycle Management and Accelerate Expansion into Aerospace, Defense and High-Tech Markets MINNEAPOLIS and LONDON-June 11, 2007-Sopheon, the international software and services company, announced today that it... Read More

Mergers & Acquisition

Motorola Completes Acquisition Of Modulus Video

July 3, 2007

SCHAUMBURG, Ill. and SUNNYVALE, Calif., July 2 /PRNewswire-FirstCall/ -- Motorola, Inc. (NYSE: MOT) announced it has completed its acquisition of Modulus Video, Inc., a privately-held company. The terms of the transaction were not disclosed. Modulus Video is a leader and innovator in MPEG-4 Advanced Video... Read More

Mergers & Acquisition

Virtual PBX Acquires Open Communication Systems

July 2, 2007

Maker of Radio Handi Brings Conferencing and Group Communications to Leader in Hosted Phone Services SAN JOSE, Calif., June 21 -- Virtual PBX(TM), (http://www.virtualpbx.com/), inventor and leading supplier of hosted PBX services, has acquired Open Communication Systems (OCS), a developer of next-generation... Read More

Mergers & Acquisition

Wells Fargo to Acquire CIT's Construction Unit

July 2, 2007

SAN FRANCISCO and NEW YORK, June 21 -- Wells Fargo & Company (NYSE:WFC) and CIT Group Inc. (NYSE:CIT) today signed a purchase agreement for Wells Fargo to acquire CIT Construction, the U.S. construction lending business unit of CIT. CIT Construction had $2.4 billion in assets and 235 employees as of March 31... Read More

Mergers & Acquisition

ISS And Glass Lewis Recommend Terayon Stockholders Vote 'For' Proposed Merger

July 2, 2007

SANTA CLARA, Calif., June 25 // -- Terayon Communication Systems, Inc. (Pink Sheets: TERN.PK) (Terayon or the Company) announced today that Institutional Shareholder Services (ISS) and Glass, Lewis & Co. (Glass Lewis), two leading independent proxy advisory firms, recommend that Terayon stockholders vote "FOR" the... Read More

Mergers & Acquisition

American Torch Tip Buys Precision Products

July 2, 2007

The American Torch Tip Company announced today that it has purchased the Precision Products Company of Canaan, New Hampshire as of May, 2007 Precision Products specializes in manufacturing plasma torches and consumables used primarily in the metal fabricating industry. The acquisition will give American Torch Tip... Read More

Mergers & Acquisition

Delco Sales Acquires Benisek Sales, Strengthens Sloan Valve Company's Presence in Key Markets

July 2, 2007

FRANKLIN PARK, IL - Sloan Valve Company has announced that effective June 1, 2007, Benisek Sales has been acquired, in total, by Delco Sales, combining the organizations to serve the burgeoning Southern California marketplace. The Sales and Service team from the Benisek organization will remain in place aided by the... Read More

Mergers & Acquisition

EMS Group Acquires Clear Lake Based, EFSI

July 2, 2007

Houston, TX, June 18, 2007 - Energy Maintenance Services Group I, LLC (EMS Group); recognized as one of the largest providers of pipeline operations & maintenance in the United States, announced the successful acquisition of Energy Facility Services, Inc. ("EFSI"), a leak detection, mechanical repair and... Read More

Mergers & Acquisition

Colonial Tool Group Inc. Purchases Advanced Cutting Tool Systems, Inc.

July 2, 2007

Windsor, Ontario-based Colonial Tool Group Inc. has purchased the business of Advance Cutting Tool Systems, Inc., also located in Windsor, Ontario. The announcement is being made by Paul Thrasher and Brett Froats, two of the principal partners at Colonial Tool Group, 1691 Walker Road, Windsor, Ontario, Canada... Read More

Mergers & Acquisition

SiRF Technology to Acquire Centrality Communications to Strengthen Its Multifunction Location Platform Strategy

July 2, 2007

Navigation and Multimedia SoCs broaden SiRF's Multifunction Offerings SAN JOSE, Calif., June 21 -- SiRF Technology Holdings, Inc. (NASDAQ:SIRF), a leading provider of GPS-enabled silicon and premium software location platforms, today announced that it has signed a definitive agreement to acquire Centrality... Read More

Mergers & Acquisition

Intertek Acquires ASTA BEAB Certification Services

July 2, 2007

Provides manufacturers with increased testing and certification efficiencies and faster market access Intertek (LSE: ITRK), a global leader in testing, inspection and certification, today announces its acquisition of ASTA BEAB Certification Services. With more than 65 years of experience, the UK-based ASTA BEAB... Read More

Mergers & Acquisition

ITW Performance Polymers Acquires M&C Specialties

July 2, 2007

DANVERS, MA - ITW Performance Polymers, an Illinois Tool Works company, has acquired M&C Specialties Co., a Pennsylvania-based contract manufacturer of custom-fabricated die-cut adhesive components, tapes, and labels to markets around the world. M&C Specialties also sells adhesive subassemblies, foils, and double... Read More

Mergers & Acquisition

Aspen Technology Announces Acquisition of Australian Channel Partner

July 2, 2007

Acquisition of Plant Solutions PTY LTD Australian Channel Partner Strengthens Presence in Asia Pacific Region CAMBRIDGE, Mass. - June 7, 2007 - Aspen Technology, Inc. (Nasdaq: AZPN), a leading provider of software and services to the process industries, today announced its acquisition of Plant Solutions Pty, Ltd... Read More