FLENDER acquired by TRITON PARTNERS

Labrie Environmental Group, a North American specialist in refuse collection vehicles, is being acquired by Hiab Corporation in a strategic transaction aimed at significantly strengthening its exposure to the waste and recycling equipment market in North America. The transaction reflects Hiab’s strategy to expand into resilient end-markets characterised by predictable fleet replacement cycles and structurally supported demand driven by municipal infrastructure and private operators. Hiab, a provider of intelligent on-road load handling solutions, is expanding beyond its traditional segments to build a broader industrial equipment platform. The acquisition of Labrie provides access to an adjacent but highly complementary market, while materially increasing Hiab’s exposure to the United States and Canada. The industrial rationale is based on convergence across specialised equipment value chains, combining manufacturing expertise and aftermarket services, with expected synergies in procurement, distribution and commercial development. The transaction is part of a broader consolidation trend within niche industrial markets, aimed at improving capital efficiency, strengthening technological capabilities and expanding service-led platforms in regulated and recurring-demand industries. The combined entity should form a group generating nearly $2 billion in revenue.

The acquisition of Indicor Instrumentation by AMETEK is a strategic move to expand AMETEK's portfolio of instrumentation businesses and increase its presence in attractive end markets. The transaction is expected to create value through the integration of Indicor's businesses into AMETEK's operating model, and is anticipated to generate significant revenue and profitability synergies. The acquisition is also expected to enhance AMETEK's competitive position and provide opportunities for growth and expansion. The transaction is subject to customary closing conditions, including applicable regulatory approvals, and is expected to close in the second half of 2026. The acquisition is a key part of AMETEK's strategy to expand its presence in the industrial and scientific instrumentation markets.

Paloma Rheem Holdings (PRH) has finalized the acquisition of a controlling majority stake in Groupe Atlantic from its founding family shareholders in a transformational, highly sensitive transatlantic industrial transaction. The deal was structured via a definitive share purchase agreement and closed following formal regulatory clearance under France’s strict Foreign Direct Investment (FDI) review protocols. To secure authorization from the French Ministry of Economy, PRH entered into binding economic covenants explicitly committing to safeguard existing domestic jobs, preserve core R&D centers, expand local manufacturing lines, and maintain the company's long-standing corporate headquarters in France. The transaction integrates Groupe Atlantic into PRH's unified global air and water ecosystem, creating a multi-continental market leader. The investment thesis centers on combining Groupe Atlantic's dominant European eco-efficient heat pump technology with PRH’s global sourcing muscle, distribution networks, and advanced American and Asian HVAC platforms. To guarantee strict operational continuity, the transaction is structured under an autonomous subsidiary framework where the existing corporate management team remains fully in place, supported by the retained minority equity stakes of the historical family shareholders.

Tecnikabel has completed the cross-border acquisition of a majority stake in US-based EIS Wire & Cable (« EIS »). The transaction was executed via a private, bilateral process driven by strong industrial complementarities. The financing was structured through Tecnikabel’s existing banking pool, with a key 45% co-investment from Italian public entity SIMEST (CDP Group) via its subsidized Fund 394, co-managed with the Ministry of Foreign Affairs. To ensure continuity, EIS’s management team, led by President Nicholas Moceri, will retain a significant minority stake. Tecnikabel will fully maintain the EIS brand, all employees, and the Massachusetts production facility. Advisors included Dresner Partners, Ethica, McDermott, Schulte, and PwC. This transaction accelerates Tecnikabel's international growth, expanding its presence in the high-value US defense electronics and factory automation sectors. Supported by Andera Partners, Equiter, and the Garaffi family, the group consolidates its position as a global engineering supplier across North America, Europe, and Asia. EIS brings a revenue base exceeding $40 million, a stable tier-one client network (including the US Navy and global allies), and over 700 UL/CSA certifications. Plugging EIS into Tecnikabel’s R&D and commercial platform will unlock significant cross-selling opportunities for advanced connectors while successfully hedging European macroeconomic exposure.

Nexans has entered into an agreement to acquire Republic Wire, a strategic move designed to establish a significant manufacturing and distribution platform for Nexans in the United States. This transaction is a key component of Nexans' strategy to expand its geographic footprint into the large and rapidly growing U.S. market for low and medium-voltage cables, which is being driven by sustained demand from the residential, commercial, and data center sectors. The acquisition of the Ohio-based manufacturer complements Nexans' existing North American operations, including a recent Canadian acquisition, creating a more robust regional presence. A core element of the deal's rationale is gaining access to Republic Wire’s well-established nationwide sales agent and distributor network. Nexans plans to leverage this new platform for both organic and inorganic growth, introducing its broader portfolio of complementary products, such as medium-voltage cables and grid solutions, to new high-growth verticals. The combination is expected to generate substantial run-rate synergies, driven by cross-selling opportunities, the implementation of Nexans' proprietary manufacturing technologies, and industrial efficiencies related to purchasing scale and production optimization. Republic Wire's current management team will remain in place to lead the business, ensuring continuity and a successful integration.

Hexagon has successfully finalized a definitive agreement to acquire the target from a global energy technology group, marking a transformative expansion of its Manufacturing Intelligence business area. This strategic transaction represents a significant milestone in the group’s evolution, extending its precision measurement capabilities from external surface metrology to the internal geometry of complex components. The strategic rationale for the move centers on the high degree of technical complementarity between the two organizations, specifically uniting world-class NDT hardware with the acquirer’s established leadership in volume graphics, CT analysis, and production quality software. By incorporating this technical specialist, the organization diversifies its revenue exposure into the high-value aerospace maintenance, repair, and overhaul (MRO) market through industry-leading remote visual inspection platforms.

Daifuku Co., Ltd. has finalized the acquisition of 100% of the shares in EISENMANN GmbH from Nimbus Investments, a maneuver designed to fundamentally strengthen the group’s competitive positioning in the European automotive production line systems market. The strategic rationale for this transaction centers on a "technical-integration" play, merging the target's industry-leading expertise in industrial painting and surface treatment with the group’s extensive material handling and automation infrastructure. This fusion effectively creates a specialized powerhouse in the automotive finishing arena, providing the organization with the scientific talent and technical operational depth required to address the increasing complexity of European manufacturing standards.

BU Bregal Unternehmerkapital have finalized the acquisition of a majority stake in A. Eberle, a maneuver designed to fundamentally accelerate the group’s international growth trajectory. The strategic rationale for this transaction centers on a "secular-growth" play, merging the target's industry-leading technical operational depth in grid measurement technology with the acquirer's extensive experience in scaling technology-driven mid-cap platforms. This structural alignment provides the organization with the institutional capital and strategic backing required to pursue a definitive expansion into new geographic markets and higher-value digital services.

Kone agreed to acquire TK Elevator from a consortium led by private equity sponsors Advent and Cinven. The deal represents one of the largest exits of a private equity‑owned industrial asset in Europe and is structured as a platform‑level combination between two of the world’s four largest elevator and escalator manufacturers. The combined group, under the Kone corporate framework, is projected to achieve around EUR 20.5 billion in annual sales, with roughly 65% of revenue generated by the service and modernization segments and more than EUR 2.7 billion in adjusted EBIT before synergies, alongside a combined installed base of approximately 3.2 million units under maintenance. Kone estimates annual run‑rate synergies of around EUR 700 million, primarily driven by denser service networks, joint R&D initiatives, platform consolidation, procurement efficiencies, and reductions in general and administrative costs. The transaction is expected to be accretive to Kone’s earnings per share in the first full year following completion, excluding one‑off integration and transaction expenses, with an accelerating margin improvement profile in subsequent years.

ITT Inc. has successfully finalized the acquisition of 100% of the share capital of SPX FLOW from an affiliate of Lone Star Funds. This transformative strategic transaction follows a highly successful take-private phase, during which the organization underwent significant operational professionalization and commercial optimization. The strategic rationale for the move centers on the high degree of technical complementarity between the two portfolios, specifically uniting the target’s specialized mixing and thermal technologies with the acquirer’s established global industrial presence. By incorporating this technical leader, the organization significantly reinforces its position in high-growth, resilient end markets such as health and nutrition. The partnership is designed to leverage the acquirer’s industrialized scale and procurement resources to accelerate the target’s international development. This integration facilitates the creation of a differentiated global champion in fluid handling, providing the strategic depth and technical operational depth required to address complex global industrial challenges. This move solidifies the group’s standing as a primary enabler of technological advancement in the process technology sector.