ESCO CORPORATION acquired by WEIR GROUP

Ardian acquired 100% of Celli from Consilium (70%) and the founding family (30%). The management team reinvested alongside Ardian to hold a minority stake. The deal ended a successful six-year holding by Consilium, during which Celli completed four acquisitions (ADS2, Cosmetal, Angram, FJE Plastic). Ardian's entry is designed to accelerate international expansion and further leverage Celli's digital IT platform for remote dispenser management.

Groupe Atlantic has finalized the 100% corporate acquisition of Belgian thermal comfort specialist ACV, marking a significant cross-border consolidation play within the European HVAC sector. Founded fifty years ago by Pierre Lamoure and Paul Radat, ACV is widely renowned for its high-performance sanitary water heating and space heating solutions tailored for both residential and commercial applications. The transaction perimeter strategically incorporates ACV’s North American operational subsidiary based in New Jersey, where the company successfully commercializes its product pipeline under the Triangle Tube brand. Supported by dedicated financial and legal advisors, this acquisition offers the French family-owned industrial group a transformational opportunity to instantly extend its strategic influence and geographic footprint into the high-growth US market.

Ardian has successfully finalized an agreement with Wise SGR to acquire a majority stake in Corob S.p.A., marking a strategic entry into the specialized automation sector. This transaction is structured as a partnership, with both the existing financial sponsor (Wise SGR) and the senior management team, led by the President and CEO, reinvesting alongside the new majority owner. The strategic rationale for the acquisition centers on consolidating the firm’s global repositioning and maintaining its technology leadership in the highly specialized dosing and dispensing market. The partnership focuses on accelerating the target’s growth trajectory both organically and through a disciplined inorganic strategy, specifically targeting the expansion of the industrial plants and after-market services segments. By leveraging the acquirer’s extensive international network, the group aims to capitalize on the target's strong existing presence in the Americas and Asia, which already account for the majority of its turnover. The integration emphasizes intensifying research and development efforts to introduce next-generation automated systems while ensuring the high-quality maintenance of its existing global installed base. This transaction reinforces the group's standing as a primary enabler of technical innovation in the coatings and chemical industries.

The acquisition of Bretèche Industrie (now LINXIS GROUP)by IK Investment Partners represents a major turning point in the group’s trajectory, marking the end of a successful investment cycle under Equistone Partners Europe. The strategic rationale for this transaction centers on an "international-consolidation" play, merging the target's industry-leading technical operational depth in specialized machinery with the sponsor's extensive expertise in cross-border scaling and buy-and-build execution. This structural alignment provides the organization with the scientific talent and logistical hardware required to address the increasing demand for automated food and pharmaceutical processing lines.

The agreement to acquire the Industrial Analysis business represents a strategic expansion of analytical technology portfolios, particularly in the sectors of environmental safety and material security. This carve-out operation will integrate specialized handheld and benchtop instrumentation into a broader global technology platform, enhancing the available range of scientific solutions. The consolidation of these technical capabilities is designed to strengthen the market position in high-tech material analysis while providing a clear path for future product development. The strategic review leading to this transaction highlights a focus on optimizing core business divisions and ensuring long-term technological competitiveness. By bringing together experts in spectroscopy and optical emission technologies, the merger fosters an environment for accelerated innovation in material diagnostics. The transition under new corporate leadership is expected to provide substantial opportunities for the existing management team and employees to flourish within a wider global network. This transaction refines the focus of the divesting group while providing the acquiring corporation with a leading platform in the industrial analysis market. The successful completion of this operation, subject to regulatory confirmations, will conclude a multi-phase pre-sale reorganization designed to ensure a smooth transition of assets and operations. The move underscores a shared commitment to providing high-quality, reliable diagnostic tools that meet the evolving needs of the global research and industrial communities.

IDEC Corporation has entered into a definitive stock purchase agreement to acquire 100% of APEM Group from Intermediate Capital Group (ICG) and the management team. The transaction was structured through a two-month bilateral process and fully financed by bank loans. DC Advisory and Daiwa Securities acted as exclusive financial advisors to IDEC. The strategic rationale for the acquisition is the creation of a global powerhouse in the HMI and industrial control space. By combining IDEC’s strength in Japan and Asia with APEM’s market leadership in Europe, the merged entity secures a highly complementary global sales network. The deal allows IDEC to expand its product line-up into specialized segments like agricultural machinery and material handling, where APEM holds unique technical expertise. Beyond commercial synergies, the groups intend to realize significant cost synergies through joint product development, unified purchasing, and the optimization of their combined 21 manufacturing facilities. This acquisition marks a transformational step in IDEC’s internationalization strategy, nearly doubling its global reach and establishing a comprehensive end-to-end HMI value chain.

Ardian acquired 100% of SLV Group from Cinven in an auction process managed by Goldman Sachs, outbidding 3i, Triton, and Pamplona. The deal was financed with a senior debt package of EUR360M. Cinven achieved a 2x return on this sale, following its 2011 entry. During Cinven's tenure, SLV increased its turnover by 40% and completed three bolt-on acquisitions (Unex, Lagotronics, Nordtronic). Ardian aims to continue this growth by leveraging SLV's international distribution network and its established sourcing office in China.

Dover Corporation acquired Ravaglioli S.p.A. Group. This acquisition was driven by the strong complementarity between Ravaglioli's product portfolio (particularly in tire and wheel equipment) and Dover's existing Vehicle Service Group (VSG). The deal allows Dover to expand its European footprint and leverage cross-selling opportunities across its global distribution channels. The integration aims to create a comprehensive "best-in-class" suite of products for automotive workshops worldwide.

The transaction represents the fourth LBO for Vulcanic, following its five-year tenure under Abénex and Cathay Capital. The strategic rationale for this buyout centers on accelerating the group’s international footprint, particularly in high-potential regions such as the Middle East and Southeast Asia. The acquisition provides a structured platform for the group to transition from a dominant European player to a truly global consolidator in the electro-thermal market. This operation allows the group to execute a definitive structural expansion into the North American market through targeted acquisitions, while simultaneously reinforcing its presence in the Middle East through its newly established office in Abu Dhabi. By leveraging Qualium's international network and the institutional backing of Future French Champions, the group is positioned to capture large-scale petrochemical and energy projects globally. The maneuver also included a "flexible" debt package to ensure the management team has the necessary capital for future build-up opportunities.

Smiths Group has entered into a definitive agreement to acquire 100% of the share capital of Morpho Detection from Safran S.A. The acquisition is a pivotal strategic move designed to consolidate and strengthen the Group's position within the global threat detection and security solutions market. By merging Morpho Detection with its existing Detection division, Smiths Group intends to create a best-in-class provider of mission-critical security technology for air transportation, borders, and critical infrastructure. The combination leverages highly complementary product portfolios, creating a broad offering of leading threat detection technologies. Furthermore, the transaction allows Smiths Group to significantly scale its recurring aftermarket services and software engineering capabilities. This integration is expected to enhance the Group’s ability to respond to evolving global threat environments while driving long-term growth through technical leadership.