KESTREL VISION acquired by LUXEMPART

Smiths Group plc has agreed to acquire 100% of DRC Heat Transfer to expend Smiths' cooling and thermal management capabilities within the fast-growing data center market. The transaction is expected to close in the second half of fiscal year 2026, subject to customary regulatory approvals. Upon completion, DRC will be integrated into the industrial heat business of Smiths’ Flex-Tek division. While Flex-Tek already maintains a strong position in industrial heating, DRC’s expertise in cooling applications for back-up power generators provides a highly additive technological bridge

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

Michelin has announced a definitive agreement to acquire the entire stake of The Flexitallic Group from the private equity firm Bridgepoint. This transaction marks a strategic exit for Bridgepoint, which first partnered with the business in 2013 and guided it through a significant transformation. For Michelin, the acquisition represents another major step in its diversification strategy, adding a complementary "High-Tech Materials" platform with a strong industrial client base. Flexitallic's expertise in sealing technologies and joint integrity aligns perfectly with Michelin's competencies in high-performance materials

The industrial group specializing in safety equipment for electrical environments has been acquired in its entirety by the founding family and employees, offering an exit route for Capza, Bpifrance, BNP Paribas, and Casra Capital. The buy-back is financed through bank debt and family equity. The exit provides a strong return for Capza, as the company doubled its size during their 5-year tenure through organic growth and 10 acquisitions.

NEXTCHEM has signed a binding agreement to acquire 100% of the share capital of Ballestra Group from its current shareholders. The strategic rationale for the transaction is to integrate Ballestra’s world-class proprietary technology portfolio in surfactants and fertilizers, thereby expanding NEXTCHEM’s current nitrogen-based offerings into phosphate, sulfur, and potassium-based solutions. This acquisition allows MAIRE to establish a more robust European technology platform with a global reach, focusing on the decarbonization of energy-intensive industrial processes

Shimadzu Corporation has entered into an agreement to acquire Tescan from The Carlyle Group, as part of a strategic plan to bolster its position in the global scientific instruments and advanced imaging technologies market. Under Carlyle's ownership since 2023, Tescan has undergone significant transformation, accelerating its growth, strengthening its international development, and solidifying its presence in the semiconductor-related markets. Concurrently, the company has enhanced its offerings by developing new workflows dedicated to these applications, while expanding its service capabilities and structuring its industrial partnerships

The acquisition of the SomaLogic business unit by Illumina marks a significant strategic maneuver designed to consolidate leadership in the emerging multi-omics landscape. The strategic rationale for this transaction centers on the integration of the target’s high-plex proteomics platform with the group’s world-leading sequencing technology. This fusion effectively creates a unified ecosystem capable of correlating genomic sequences with real-time protein expressions, providing researchers with an unprecedented "end-to-end" view of biological systems

VELEC Group acquired COMEA PROCESS to leverage technical and commercial synergies. The deal allows COMEA to benefit from VELEC's strong international presence and US subsidiaries. The transaction includes the retirement of the majority shareholder and the reinvestment of the Managing Director into the VELEC Group.

Prysmian (80%) and Fincantieri (20%) have agreed to acquire Xtera from private equity firm H.I.G. Capital. This acquisition allows the Italian partners to offer a complete "one-stop-shop" solution for subsea telecommunications: Prysmian provides the cables, Xtera provides the electronic repeaters and system design, and Fincantieri provides the vessels and installation capabilities. The closing is expected in Q1 2026.

The global process technology leader has successfully finalized a definitive agreement to acquire the total share capital of the target from a UK-based private equity firm. This strategic transaction represents a definitive move to incorporate specialized "severe service" valve solutions into the group’s broader Flow Control business area. The strategic rationale for the move centers on the acquirer’s objective to broaden its technical operational depth in demanding industrial applications, including sub-sea and high-pressure chemical processing