Mergers & Acquisitions

Mergers & Acquisitions

Wipro Limited acquires International TechneGroup Incorporated (ITI)

Milford, OH, USA – November 5, 2019 – International TechneGroup Incorporated (ITI), a global digital engineering and manufacturing solutions company, announces that its acquisition by Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading information technology, consulting and business process services company, completed in October. ITI is a world leader in Computer Aided Design (CAD)...

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Mergers & Acquisitions

Kendrion to Acquire INTORQ to Create a Leading Industrial Brake Company

Strengthening position in industrial brakes and expanding footprint in China Enterprise value of EUR 80 million (on a cash and debt free basis) Strong strategic fit with significant synergy potential, leading to double digit EPS accretion in first year after acquisition Share buyback programme cancelled Kendrion today announced that it has entered into a definitive agreement to acquire INTORQ...

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Mergers & Acquisitions

Johnson Controls to Acquire Synchrony from Siemens

Acquisition will improve performance, efficiency of centrifugal chiller products MILWAUKEE – (November 4, 2019) – Johnson Controls announced today that it will acquire Synchrony, a global leader in the development of Active Magnetic Bearing (AMB) technology. Based in Roanoke, Virginia, Synchrony is part of Siemens Gas and Power. The acquisition, which closed Nov. 1, will enable Johnson...

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Mergers & Acquisitions

Lab Rat Gifts Acquires Three Major Brands in the Science Gift Industry

SALEM, NH — November 4th, 2019 — LabRatGifts.com has officially acquired ScienceTies.com, ScienceMugs.com, and ScienceT-shirts.com. “This acquisition will massively expand customer base, add additional inventory, and effectively consolidate three major brands in the science gift industry.” stated Shannon Russo, General Manager for LabRatGifts.com. LabRatGifts.com is committed to offering...

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Mergers & Acquisitions

Timken Completes Acquisition of BEKA Lubrication

NORTH CANTON, Ohio, Nov. 1, 2019 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global leader in engineered bearings and power transmission products, has completed its previously announced acquisition of BEKA Lubrication (BEKA), a leading global supplier of automatic lubrication systems, for approximately $165 million. Founded in 1927, BEKA is a leading global supplier of...

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Mergers & Acquisitions

Albemarle Announces Completion of Lithium Joint Venture with Mineral Resources Limited

- JV provides risk-adjusted access to high-quality spodumene source, further diversifying Albemarle's lithium asset base CHARLOTTE, N.C., Oct. 31, 2019 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that it has closed its transaction with Mineral Resources Limited ("MRL") (ASX: MIN) under the Asset Sale and Share...

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Mergers & Acquisitions

Westermo Acquires The Irish Company Virtual Access

Westermo, a business entity of the Beijer Group, has acquired 100% of Virtual Access Limited, an Irish-based technology company specialising in wireless industrial routers and gateways, and managed connectivity services for customers in the utility, traffic management and telecommunications sectors. Virtual Access has 40 employees and operations in Dublin, with annual sales of approximately...

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Mergers & Acquisitions

Albireo Energy Announces Acquisition of Bridge Power Consulting's Portfolio

MOOSIC, Pa., Oct. 30, 2019 /PRNewswire/ -- Albireo Energy, a leading building automation and energy services company, announced its acquisition of Bridge Power Consulting's portfolio of customer contracts. Bridge Power Consulting, founded in 2013 by deep domain experts in energy trading and market risk management, will continue as an ongoing agent partner representing the full suite of...

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Mergers & Acquisitions

SP Acquires Spain Based i-Dositecno

Warminster, PA - SP Industries, Inc. ("SP"), a leading designer and manufacturer of state-of-the-art laboratory equipment, pharmaceutical fill-finish manufacturing solutions, laboratory supplies and glassware, announced today that it has acquired the assets of privately held i-Dositecno. Located in Mataro, Spain, i-Dositecno is a global provider of complete sterile filling lines for...

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Mergers & Acquisitions

Thorlabs Acquires Fiber Laser Assets from KMLabs

Newton, NJ and Boulder, CO – October 28, 2019 – Thorlabs and KMLabs announced today that Thorlabs has acquired the KMLabs’ Y-Fi™ portfolio, a family of high average power, high repetition rate NIR/MIR ultrafast fiber lasers, OPAs, and NOPAs. Based on a patented fiber amplification technique, KMLabs’ ytterbium fiber lasers provide industry-leading short pulse durations at the microjoule...

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