Tag Archives: mergers and acquisitions

Sulzer Acquires Brithinee

Euro powerhouse teaming with American leader Swiss-based electromechanical powerhouse Sulzer announced it has acquired Brithinee Electric, one of the leading independent electromechanical service provider in Southern California, on Tuesday. Last year, Brithinee, located in Colton, Calif., recorded annual sales of about $10 million with a workforce of 46 employees, according to a press release sent […]

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Beating the Timer

Recognizing change, Midwest Timer works with Lectro to get a jump Midwest Timer‘s acquisition of Lectro demonstrates how a company that knows its product is going obsolete can save its business. Midwest manufactures electromechanical timers in western Michigan. These instruments are used in home appliances. The company didn’t want to admit its once-essential product was […]

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TransDigm Acquires Esterline

Aerospace, motors and generators companies to combine in $4B sale In a major business brief, aerospace and defense company TransDigm Group Incorporated (Cleveland, Oh.) and Esterline Technologies Corporation of Bellevue, Wash., announced today that they have entered into a definitive agreement under which TransDigm will purchase all of the outstanding shares of common stock of […]

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Crimson Ties

OTC of Columbus acquires South Carolina service center Ohio Transmission Corporation, an industrial equipment service provider and distributor headquartered in Columbus, OH, announces the acquisition of Crimson Electric, Inc., a company located in South Carolina. Founded in 1954, Crimson Electric is one of the older electrical apparatus service centers in the Carolinas. The company specializes […]

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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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