Mergers & Acquisitions

Mergers & Acquisitions

Lufkin Industries Announces Acquisition of Petro Hydraulic Lift Systems

LUFKIN, Texas,Nov. 1, 2010 - Lufkin Industries, Inc. (Nasdaq: LUFK) today announced that it has acquired the operating assets of Petro Hydraulic Lift Systems, LLC (PHL) and certain related companies. PHL, based in South Louisiana, specializes in the design, manufacture and leasing of hydraulic rod pumping units for oil and gas wells. We believe the acquisition of PHL will be a solid strategic fit...

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Mergers & Acquisitions

IBM Closes Acquisition of BLADE Network Technologies

ARMONK, N.Y., Oct. 29 - IBM (NYSE: IBM) today announced it has closed the acquisition of BLADE Network Technologies (BLADE), a privately held company based in Santa Clara, CA. Financial details were not disclosed. The companies announced on September 27, 2010 a definitive agreement to pursue the acquisition. BLADE will become part of IBM Systems and Technology Group. The company specializes in...

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Mergers & Acquisitions

Global Crossing Acquires Genesis Networks

Strategic acquisition adds innovative video solutions in broadcast, media, special event and entertainment customer segments FLORHAM PARK, N.J., Nov. 1, 2010 -- Global Crossing (Nasdaq: GLBC), a leading IP solutions provider with the world's first integrated global IP-based network, today announced that it has acquired global video services provider Genesis Networks, an innovator in...

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Mergers & Acquisitions

Wilson Tool Announces Acquisition of Exacta Precision and Exacta Fabtool

The merger will result in enhanced product offerings, expanded manufacturing capabilities and even more robust customer service. WHITE BEAR LAKE, MINN. (November 3, 2010) - Wilson Tool International today announced that it has acquired Exacta Precision and Exacta FabTool of Toronto, Canada. Like Wilson Tool, Exacta has been a supplier of high-quality tooling for the fabrication and stamping...

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Mergers & Acquisitions

Regal Beloit Acquires Majority Interest in Elco Group B.V.

November 1, 2010 (BELOIT, WI): Regal Beloit Corporation (NYSE: RBC) today announced that it has acquired 55% of Elco Group B.V. ( Elco"). Elco manufactures and sells motors, fans and blowers and has manufacturing facilities in Italy, China, and Brazil. Elco's management will continue to lead the company following the acquisition. The acquisition is expected to add approximately $10 million to...

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Mergers & Acquisitions

Acquisition Combines Two Well-Respected Names in the Cutting Tool Industry

(Bedford, IN - Oct. 27, 2010) Whitney Tool Company of Bedford, Indiana announces the acquisition of Cogsdill Enterprises of Walled Lake, Michigan. Both companies enjoy long-term reputations for excellent quality and customer service. The announcement comes as Whitney Tool celebrates its 40th year as a manufacturer of high quality industrial cutting tools. Cogsdill Enterprises has designed and...

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Mergers & Acquisitions

Codexis Acquires Maxygen Directed Evolution Intellectual Property Portfolio; Biofuels Payments to Maxygen End, Codexis Fields of Use Expand

REDWOOD CITY, Calif., Oct. 28 -- Codexis, Inc. (Nasdaq: CDXS) today announced that the company has acquired the directed evolution intellectual property portfolio of Maxygen, Inc. (Nasdaq: MAXY) for $20 million in cash. With this transaction, Codexis no longer has any obligations to make payments to Maxygen, including potential royalties, relating to biofuels and other energy products. The...

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Mergers & Acquisitions

Spectrum Control Completes Acquisition of Summit Instruments, Inc.

FAIRVIEW, Pa., Oct. 29 -- Spectrum Control, Inc. (Nasdaq: SPEC), a leading designer and manufacturer of custom electronic products and systems, announced today that it has acquired all of the outstanding common stock of Summit Instruments, Inc. ( Summit"). Dick Southworth, Spectrum Control's President and Chief Executive Officer, commented, "We are very pleased to complete this transaction, which...

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Mergers & Acquisitions

Sensata Technologies Announces Agreement to Acquire Honeywell's 'Automotive on Board' Sensors Business

ALMELO, Netherlands, Oct. 28 -- Sensata Technologies Holding N.V. (NYSE: ST) (the Company") announced today that it has reached a definitive agreement to acquire the "Automotive on Board" sensors business of Honeywell International (NYSE: HON) for $140 million in cash. "This acquisition further expands our leadership in the global automotive sensors market and complements our already strong...

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Mergers & Acquisitions

Spectrum Control Signs Definitive Agreement to Acquire Summit Instruments, Inc.

FAIRVIEW, Pa., Oct. 27 -- Spectrum Control, Inc. (Nasdaq: SPEC), a leading designer and manufacturer of custom electronic products and systems, announced today that it has signed a definitive agreement to acquire all of the outstanding common stock of Summit Instruments, Inc. ( Summit"). Based in Akron, Ohio, Summit designs and manufactures custom accelerometers, gyros, inertial measurement...

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