All Mergers & acquisitions Articles

US acquisition sees Astec relocate JR’s Welding to Chattanooga
Astec Industries has entered into a definitive agreement to acquire the assets and key personnel of JR’s Welding Inc, an Ohio, US based rebuilder and manufacturer of asphalt milling drums and cutter housings.
Dillman acquisition will grow Astec capacity
Astec Inc. has agreed to acquire asphalt plant equipment manufacturer Dillman Equipment for an undisclosed sum. The company said the acquisition would add manufacturing capacity as well as help its market share in the Northern part of the US.
Jacobs expands in India
Jacobs has expanded its presence in the Indian construction market with the acquisition of a minority stake in Consulting Engineering Services (CES).
SNC acquires Laboratoire Sol et Béton
SNC-Lavalin's Canadian subsidiary, Groupe Qualitas, has acquired Laboratoire Sol et Béton L.S.B., a company that specializes in material and geotechnical engineering. No financial details of the transaction were given.
China’s Zoomlion acquires Cifa
Chinese construction equipment manufacturer Changsha Zoomlion Heavy Industry Science & Technology Development Co Ltd (Zoomlion) has announced the acquisition of Italy's Compagnia Italiana Forme Acciaio (Cifa) for € 271 million (US$ 421.9 million).
Tarmac up for sale
Mining company Anglo American has put its aggregates business Tarmac up for sale. The business has a strong presence in the UK, with further operations in other parts of Europe as well as the Middle East.
Tarmac sale delayed
Mining giant Anglo American has postponed the sale of Tarmac, its UK-based quarrying business. The divestment is on hold until conditions improve in the global credit markets.
Balfour Beatty acquires Barnhart
UK-based Balfour Beatty's US professional and technical services arm, Heery International, has acquired Douglas E Barnhart Inc for US$ 116 million in cash.
Bilfinger Berger’s FM expansion
Bilfinger Berger has doubled the size of its facilities management (FM) business with the acquisition of M+W Zander's FM division from Austrian investment company Victory Industriebeteiligungen Group.
Lafarge buys L&T Concrete
Lafarge has announced the € 226 million (US$ 350 million) acquisition of L&T Concrete from Indian industrial conglomerate Larsen & Toubro. Lafarge says the deal will give it a 25% share of India's ready-mixed concrete market.
KBR to buy BE&K
US construction giant KBR as reached a definitive agreement to BE&K, a private engineering and construction company based in Birmingham, Alabama, US BE&K had sales of US$ 2 billion for the year ending March 30, and the transaction is valued at US$ 550 million.
Cemex planning sales
Cemex has announced plans to sell various businesses in Austria, Hungary and the UK in a bid to reduce its debt burden. The units in question had generated revenues of US$ 456 million last year.
Atlas Copco acquires stake in Indian drilling companies
Atlas Copco (India) has agreement to acquire a 25% stake in Focus Rocbit and Prisma Roctools in India, subject to approval from the relevant authorities, for an undisclosed sum.
Telcon acquires 60 percent stake in Lebrero
Telcon, India's largest construction equipment manufacturer, has acquired a 60% stake in Spanish road building equipment maker Lebrero.
Caterpillar moves into tunnelling
Caterpillar has acquired Lovat, a Canadian manufacturer of tunnel boring machines (TBMs) for an undisclosed sum.
Cat to buy-out Mitsubishi
Cat has agreed to spend JPY 50 billion (US$ 500 million) to increase its share in Shin Caterpillar Mitsubishi (SCM) from 50% to 67%. The Japanese joint venture was set up between Caterpillar and Mitsubishi Heavy Industries in 1964 to manufacture and sell Caterpillar-branded equipment in Japan.
McAlpine-Carillion
After rebuffing two previous offers, Alfred McAlpine has accepted a UK€ 5.85 (US$ 11.99) per share takeover offer from UK rival Carillion, which values the company at UK€ 600 million (US$ 1.23 billion).
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