Tag Archives: mergers and acquisitions

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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Worth the Price

Ametek adds Mocon for $182 million Ametek, Inc. has added a diverse, but potentially pivotal, business to its portfolio in Mocon…and the $4 billion electromechanical devices conglomerate felt a heightened bid was worth the price for it. Founded in 1963, Minneapolis-based Mocon makes laboratory and field gas analysis instruments for research laboratories, production facilities and quality […]

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Bosch Sells Unit

Bosch sells motors and generators unit to China; announces earnings Speculation and rumor. They even permeate the world of motors and generators…at least when it comes to multi-million dollar business deals. Just over a month ago, Motherson Sumi’s billionaire owner Vivek Chaand Sehgal hinted during an interview that he was considering a purchase of Bosch’s motors […]

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Motherson Connection?

Supposed bid for Bosch’s mo/gen division: $600m Motherson Sumi, the multinational auto components company based in India, could be continuing a spree of acquisitions. The company is reportedly mulling a $600 million purchase of Bosch’s starter motors and generators unit. Billionaire owner Vivek Chaand Sehgal—who set a revenue target of $18 billion for Motherson Sumi by 2020—would […]

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Conquest by Troy

Troy Industrial makes big acquisition Family-owned Troy Industrial Solutions was founded in 1862 in upstate New York. Since then, the company can attest to 150-plus years of maintenance, repair, and operations in the northeast region. The company has constantly expanded, both in area and services, over that century-and-a-half timeline, a progression that continued last week with the acquisition […]

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