Mergers & Acquisitions

Mergers & Acquisitions

K-TEK LLC Acquires BETA B.V. of The Netherlands, State-of-the-Art Pressure

Prairieville, LA (May 31, 2006) - K-TEK LLC, a leading manufacturer of state-of-the-art level instrumentation, today announced the acquisition of BETA B.V (a company of the Binder Group) that focuses on manufacturing pressure and temperature switches. BETA, located in The Netherlands, serves virtually all industry sectors with a broad range of pressure and temperature switch products. BETA...

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Mergers & Acquisitions

Management Investment Group Purchases Novatec and Discloses Plan to Broaden Company's Leadership in Auxiliary Equipment

Innovations and Staff Additions Will Be Disclosed as Early as NPE 2006 (Booth 2576), including New Technologies for Reducing Energy Consumption BALTIMORE, MD, U.S.A., May 11, 2006: A group of private investors led by two key plastics auxiliary equipment executives has purchased Novatec, Inc., a leading supplier of material handling systems, and aims to double the size of the company in three...

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Mergers & Acquisitions

ON Semiconductor Completes $105 Million Acquisition of LSI Logic Corporation's Gresham, Ore., 8-Inch Wafer Fab

Gresham expands ON Semiconductor's manufacturing capabilities - enabling more rapid in-house development of high-performance submicron analog and digital power products PHOENIX, Ariz. - May 15, 2006 - ON Semiconductor (Nasdaq: ONNN) today announced that its primary operating subsidiary, Semiconductor Components Industries, LLC, has completed the purchase of LSI Logic Corporation's (NYSE: LSI)...

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Mergers & Acquisitions

Rexnord to be Acquired by Apollo Management for $1.825 Billion

Milwaukee, WI-May 25, 2006 Rexnord Corporation, a leading manufacturer of precision motion technology products, today announced that an affiliate of the private equity firm, Apollo Management, has signed an agreement to purchase RBS Global, Inc., the corporate parent of Rexnord, for $1.825 billion from private equity firm The Carlyle Group and management. The transaction is subject to government...

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Mergers & Acquisitions

Industrial Scientific Acquires Oldham, S.A.

PITTSBURGH - Industrial Scientific Corporation, a leading designer and manufacturer of portable gas detectors and gas monitoring equipment, announced today it has acquired Oldham, S.A. of France from 3i Group PLC in an all-cash transaction. Further financial terms were not disclosed. We are delighted to welcome the people and customers of Oldham to Industrial Scientific," said Kent McElhattan,...

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Mergers & Acquisitions

Ametek Acquires Pennengineering Motion Technologies

Paoli, PA, -- AMETEK, Inc. has acquired PennEngineering Motion Technologies ( PMT"), a unit of Penn Engineering & Manufacturing Corporation, for approximately $64 million in cash. PMT, composed of the Pittman and M.A.E. SpA business units, is a leading designer and manufacturer of highly engineered motors for niche applications in the data storage, medical, electronic equipment, factory...

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Mergers & Acquisitions

Konecranes Inc. Subsidiary Acquires Majority Stake of U.S. Based MMH Holdings, Inc.

HMM Acquisition Corp., a wholly owned Konecranes Inc. subsidiary, has acquired 59.2% of the shares of MMH Holdings, Inc., the owner of U.S. based Morris Materials Handling, Inc. The total consideration amounts to apprx. USD 38.5 M. With over 120 years of history in North America, Morris Material Handling, Inc., is a recognised player in the maintenance service and overhead crane industry. Morris...

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Mergers & Acquisitions

Project-Based Manufacturers to Benefit from Acquisition of Encompix ERP Software by Made2Manage

5/22/2006 On Monday, March 13, 2006, Indianapolis-based Made2Manage Systems, Inc. completed its acquisition of Encompix, Inc. The acquisition was Made2Manage Systems' fifth during the past 20 months. When one software company acquires or merges with another, there are primarily three assets involved, the product(s), the customer base, and the employees. In the past many of these acquisitions...

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Mergers & Acquisitions

Cardinal Health Completes Acquisition Of Denver Biomedical, A Manufacturer Of Specialized Medical Devices

McGaw Park, Ill., May 23, 2006 - Cardinal Health, Inc. (NYSE: CAH), the leading provider of products and services supporting the health-care industry, today announced it has completed the acquisition of Denver Biomedical, Inc., a designer and manufacturer of specialized medical products for chronic fluid management in the chest and abdomen. Terms of the agreement were not disclosed. Based in...

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Mergers & Acquisitions

Spirax Purchases Flow Meter Company, AFTCO

BLYTHEWOOD, SC -Spirax Sarco, Inc., (SSI) has purchased Advanced Flow Technology Company (AFTCO) from AMJ Equipment Corp of Lakeland, Florida. Following the purchase, AFTCO will be merged into Spirax Sarco's EMCO Flow Systems division, which Spirax acquired in June 2005. The addition of AFTCO complements our existing range of flow meters," said Mark Vernon, SSI President. "AFTCO brings a unique...

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