Canadian PROCESS EQUIPMENT & CONTROL NEWS
BASF and an affiliate of Lone Star, a global private equity firm, have signed a purchase agreement for the acquisition of BASF’s Construction Chemicals business. The purchase price on a cash and debt-free basis is €3.17 billion.
Hexagon announced in January the acquisition of Blast Movement Technologies (BMT) from RCF Jolimont Mining Innovation (Jersey). BMT supplies a unique blast movement measurement technology to the global mining industry.
Syntegon Technology is the new name in the processing and packaging industry. Known as Bosch Packaging Technology until late 2019, the former Bosch division has presented itself as an independent enterprise at the company headquarters in Waiblingen, Germany.
Spectris plc, an instrumentation and controls company, has agreed with Voith GmbH & Co. KGaA for Voith to acquire BTG Group from Spectris for a total gross cash consideration of €319 million. The sale is in line with Spectris’ strategy to simplify and focus our portfolio and to concentrate on developing its presence in specific high-growth end markets.
Emerson of St. Louis, MO, has acquired the Spence and Nicholson product lines from Circor International. The acquisition complements Emerson’s broad portfolio of steam system solutions for process industries and commercial buildings.
Emerson of St. Louis, MO, has acquired Berkeley, CA-based Bioproduction Group (Bio-G), a leader in simulation, modeling, and scheduling software for biomanufacturing. Bio-G’s scheduling and modeling systems combined with Emerson’s extensive life sciences technology and expertise portfolio will help companies bring therapies for cancer, diabetes and other illnesses to patients sooner.
Saint John, NB-based Irving Oil has announced its acquisition of the Tedcastle group of companies, an Irish-based energy marketing and distribution organization, which operates under the brand name Top Oil.
Messer Group of Bridgewater, NJ, and CVC Capital Partners Fund VII recently announced the completion of the planned acquisition of certain businesses in North and South America from Linde plc, launching a new name in the Americas market. Messer Americas offers largely the same products, services and people customers have come to know and trust, the company says.
Montreal-based Ficodis Group is acquiring Reliable Bearing, a company specializing in power transmission products based in Mississauga, ON. This makes 14 acquisitions for Ficodis Group, allowing the company to complete its network of power transmission distributors and add new brands to its product portfolio.
