Tag Archives: mergers and acquisitions

On The Rails

GE and Wabtec combine forces on transportation Wabtec Corporation has entered into a definitive agreement to combine with GE Transportation, a unit of General Electric. The combination will make Wabtec a Fortune 500, global transportation leader in rail equipment, software and services, with operations in more than 50 countries. Under the agreement, which has been […]

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Boeing in 3D

Aerospace company invests in Morf3D, an additive manufacturing company. Twice in two weeks, we’ve seen 3D printing pop up on our main news feeds. Indicator of which way the wind is blowing? Or just interesting new technology? While one was the culmination of a two-plus-year research initiative to create a fully 3D-printed electric motor, this […]

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Oilgear Solid

Texas Hydraulics acquires Traverse City pump manufacturer  Texas Hydraulics, the Temple, Texas manufacturer of hydraulic cylinders, swivels, and related components, announced the acquisition of Oilgear on April 3rd. Traverse City, Michigan-based Oilgear is a provider of hydraulic pumps, valves, systems and aftermarket services for heavy-duty applications. The company operates out of twelve primary facilities globally, […]

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M&A: Metal & Automotive

AZZ, Bosch, and Terzo round out an M&A update AZZ wins bid for Lectrus assets, including facility in Chattanooga. Fort Worth-based AZZ Inc., the metal coatings services company with over 70 years of industry experience, announced March 23 that it has completed the purchase of certain assets of Lectrus Corporation, according to a joint press release. The Chattanooga, […]

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Altra Magnetic

$3 billion industrial-automation merger surprises Wall Street Braintree, Mass.-based Altra Industrial Motion Corp., the global manufacturer and marketer of electromechanical power transmission and motion control products, announced Wednesday that its Board of Directors has unanimously approved a definitive agreement to combine Altra with four operating companies from Fortive’s Automation and Specialty platform (“Fortive A&S”) in […]

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Motion to Compel

Motion Industries makes EIS its ‘Electrical Specialties Group’ Motion Industries has officially enlisted the services of its favorite cousin. The Birmingham, Ala.-based distributor of maintenance, repair, and operation replacement parts is one of four prized subsidiaries of Genuine Parts Company (based in Atlanta). Motion has operated GPC’s industrial arm since 1976, alongside NAPA (automotive), S.P. […]

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Hubbell Widens Scope

Acquires Aclara for $1.1 billion in cash Hubbell Incorporated, the Shelton, Connecticut-based parent company of Haefely Hipotronics and Burndy, has agreed to acquire smart-infrastructure company Aclara Technologies, of St. Louis, for the price tag of approximately $1.1 billion in cash, according to a December 26th press release. Hubbell sees the transaction as a boost to […]

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Honey Is Thicker Than Water

Honeywell, Xylem make bids for Evoqua; IPO closes Evoqua Water Technologies closed its $500 million IPO (Initial Public Offering) Tuesday along with a full exercise of underwriters’ option to purchase additional shares. This closes its IPO at $18.00 per share, but by no means closes the door on a potential deal involving the water treatment […]

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Power Move

ABB buys GE’s industrial solutions unit for $2.6 billion Swiss power firm ABB said it will buy General Electric’s industrial solutions unit for $2.6 billion, the companies announced Monday. For ABB, the acquisition targets a number one spot in the electrification market, where it currently competes with Schneider in utilities equipment services and power grid […]

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Motion Scoops Numatic

Acquisition adds more automation experience Motion Industries, Inc., of Birmingham, Ala., announced today the acquisition of Numatic Engineering, the Los Angeles-based robotics company. Execution of the transaction will occur on August 1st, according to a Motion press release sent to EA Thursday. Founded in 1955, Numatic Engineering has sixty years of experience selling and supporting […]

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