Mergers & Acquisitions
Fiat underestimated Chrysler value during merger say Italy tax office
Tax authorities in Italy have said that Fiat underestimated the value of Chrysler by around €5.1-billion following the Italian automotive giant's phased acquisition of the US company in 2014... Read more
Manufacturing marketplace Xometry acquires Germany's Shift
US-based on-demand manufacturing marketplace has announced the acquisition of Munich-based Shift, the largest on-demand manufacturing marketplace in Europe. The acquisition will accelerate Xometry's international expansion into 12 new countries... Read more
Caverion acquires Refrigeration Solutions business of Huurre Group
Caverion has completed the acquisition of the Refrigeration Solutions business of Huurre Group Oy following the receipt of the necessary approval from the Swedish competition authority. Caverion announced on 29 October an agreement with Huurre... Read more
Gränges to acquire Poland's Aluminium Konin for €218m
Sweden's Gränges AB, a supplier of rolled aluminium products for heat exchanger applications and other niche markets, has signed an agreement to acquire the Polish flat rolled aluminium producer Aluminium Konin from Boryszew Group for SEK 2.3-... Read more
Gorenje sells Serbian unit to Sweden's Nibe
Slovenian household appliance manufacturer Gorenje, which is majority owned by China's Hisense Group, has said it is to sell its Serbian unit, Gorenje Tiki, to Swedish water heater maker Nibe Industrier. Neither party has disclosed a sum for the... Read more
Mitsubishi to acquire Dutch energy firm Eneco for €4.1bn
The Dutch energy firm Eneco, which is owned by 44 of the country's municipalities, has agreed to be acquired by a consortium headed up Japan's Mitsubishi Corp which beat off rival bids from Shell and KKR. The deal has been valued at €4.1-billion... Read more
Acquisitions grow ÅR Packaging's presence in healthcare & beauty segments
ÅR Packaging Group, is expanding its presence in the European healthcare and beauty packaging market with two further acquisitions. The Swedish packaging company has acquired all outstanding shares in Swiss pharmaceutical packaging specialist K+D... Read more
Europe's steel lobby raises concerns over Chinese British Steel rescue
The European Steel Association, EUROFER, has said that it plans to raise concerns with the European Commission over the proposed rescue of British Steel by the Chinese industrial conglomerate Jingye that the deal may go against the bloc's... Read more
AR Metallizing to acquire Germany's Eurofoil
Global metallised paper manufacturer AR Metallizing has announced that it has secured a deal to acquire Eurofoil Paper Coating GmbH in Berlin. The transaction is still subject to approval of the German Cartel authorities... Read more
MOL Group completes acquisition of Aurora Group
Following satisfaction of customary transaction approvals, MOL Group has announced the acquisition of 100% shareholding in Aurora, a German plastic compounder company. As a result of the acquisition, MOL Group is strengthening its position in... Read more
Chinese group Jingye on verge of rescuing British Steel
Chinese industrial conglomerate Jingye weighing up rescuing British Steel potentially ending months of uncertainty about the fate of the UK's second largest steelmaker... Read more
Clarke Energy acquires Romania's TEB & Greece's Genelco
UK-based Clarke Energy, part of the Kohler Group, has announced that it is expanding its geographical reach and acquiring Romania's TEB Energy Business S.A. and its Greek subsidiary Genelco Power Systems Ltd... Read more
China's Zijin to acquire McMoRan's Serbian copper & gold assets
China's Zijin Mining Group has agreed to acquire Freeport McMoran's Serbian copper and gold assets in a deal worth up to €350-million, the company said in a press release... Read more
ALPLA Spanish acquisition moves it into HDPE recycling
Global plastic packaging manufacturer, ALPLA hjas announced the further expansion of its recycling activities. Following the acquisition of two companies based it Spain, it is moving into polyolefin recycling... Read more
FocalSpec joins LMI Technologies group
Finnish technology company FocalSpec has been acquired by TKH Group NV, a Dutch listed technology company. FocalSpec will join the LMI Technologies group, owned by TKH and strengthen further its position in inline metrology... Read more
Cognex acquires Korean machine vision company SUALAB
Cognex Germany Inc, developer of machine vision sensors and systems, has announced the acquisition of SUALAB, a South Korean provider of deep learning machine vision solutions. Cognex says the acquisition will advance its expertise in the field of... Read more
Italy's Fedrigoni to acquire specialty adhesives firm Ritrama
Italian manufacturer of specialty paper for self-adhesive labels, packaging and fine printing, Fedrigoni Group, has announced that it is to acquire Ritrama, an Italian multinational self-adhesive products manufacturer. The acquisition is part of... Read more
Fiat Chrysler in merger talks with Peugeot owner PSA
Several months after an aborted attempt at a merger with Renault, US-Italian car maker Fiat Chrysler Automobiles (FCA) is reportedly in talks with Peugeot owner PSA over a merger that would create a new automotive giant worth $50-billion... Read more
ABB to acquire majority stake in Chinese EV charging provider Chargedot
ABB is to acquire a majority stake of 67% in Shanghai Chargedot New Energy Technology Co., Ltd., also known as simply, Chargedot, a leading Chinese e-mobility solution provider. The transaction is expected to be completed in the coming months and... Read more
Volvo to merge engine ops with Geely & focus on EVs
Swedish car manufacturer Volvo is set to merge its combustion engine operations into with those of its Chinese parent company Geely. The merger will form a stand-alone business and establish a new global player which is looking to develop the next... Read more