PARTNERS GROUP takes majority stake in DIVERSITECH

Eddyfi/NDT has finalized the acquisition of Zetec from Roper Technologies, a maneuver designed to fundamentally strengthen the group’s competitive positioning in the global NDT market. The strategic rationale for this transaction centers on a "market-unification" play, merging the target's five decades of technical operational depth with the group's modern, growth-oriented diagnostic ecosystem. This fusion effectively creates a specialized powerhouse in the testing and measurement arena, providing the organization with the scientific talent and hardware portfolio required to address the increasing complexity of infrastructure monitoring

ATS Automation has finalized the acquisition of SP Industries from Harbour Group, a maneuver designed to fundamentally expand the group's capabilities in the pharmaceutical and life sciences sectors. The strategic rationale for this transaction centers on a "portfolio-expansion" play, merging the target's industry-leading aseptic and non-aseptic lyophilization technology with the group’s established global leadership in automated manufacturing solutions. This fusion effectively creates a specialized powerhouse in the bioprocessing equipment arena, providing the organization with the high-precision hardware required to address the increasing complexity of drug development and fill-finish operations

Nordson Corporation has finalized the acquisition of NDC Technologies from Spectris plc, an operation designed to fundamentally broaden the group's test and inspection platform. The strategic rationale for this transaction centers on a "market-diversification" play, merging the target's technical operational depth in in-line measurement with the group’s established global sales and service infrastructure. This fusion effectively creates a specialized powerhouse in the process control arena, providing the organization with the necessary technical resources to address mission-critical needs in new industry verticals such as film extrusion, converting, and energy storage

Marel has announced the acquisition of over 90% of Valka's capital through a public tender offer, aiming to eventually acquire all outstanding shares. This transaction enables Valka to leverage a global entity with a consolidation strategy, allowing it to transition to a new industrial phase by integrating its water jet cutting technology modules into Marel's fish processing division, thereby eliminating capacity and distribution constraints that had hindered its international expansion. A long-term financial structure has been established through a mixed payment parity of cash and Marel shares, which are subject to an eighteen-month lock-up period for founding shareholders, while operational continuity is ensured by the retention of the historical leader as director of solution integrity

Capza acquired a minority stake in Novarc, replacing Amundi Private Equity Funds. The historical minority investors (Bpifrance, BNP Paribas Developpement, and CASRA Capital) reinvested alongside Capza. The transaction was structured to leave the founder family with a commanding majority (~75% of capital).

123Roulement, a leading digital "pure player" in the distribution of technical parts, has undergone a majority buyout led by entrepreneur Pierre Seznec. He is supported by a consortium of investors including Trajan, LT Capital, and Bpifrance. The founding partners, Jeremy Guffroy and Michael Dumas, are reinvesting significantly in the transaction while stepping back from daily operations.

The acquisition of Tiger Filtration by Xebec Adsorption Inc. is a strategic move to leverage the target company's recurring aftermarket business for elements and filters, as well as its research and development capabilities to expand Xebec's product portfolio to include filtration products for hydrogen and renewable natural gas. The deal provides Xebec with a unique opportunity to vertically integrate into the valuable aftermarket business for filters and elements, which is expected to be immediately accretive and bring Tiger Filtration's products to Xebec's service subsidiaries

Equinox acquired a 60% majority stake in MIGAL Group. The transaction was structured as a partnership with the founding family, who reinvested significantly to retain a 40% minority stake and continue leading the operational management. The deal creates a platform to accelerate international growth, particularly in the US, Canada, and UK markets. It also establishes a war chest for external growth, with the aim of acquiring complementary players in the forging and machining industry.

Ireland-based building materials specialist Kingspan Group has successfully executed a definitive agreement to acquire 100% of the share capital of Logstor Group from the Pan-European private equity firm Triton. The strategic rationale underpinning this value-accretive deal is highly compelling, as it enables the buyer to significantly accelerate the expansion of its technical insulation proposition. By integrating a specialized manufacturer of pre-insulated pipe systems, the acquirer effectively broadens its product portfolio to capture the rapidly growing district energy sector, creating a highly complementary business line adjacent to its core building insulation operations

Hitachi Rail has announced the 100% acquisition of Thales’ Ground Transportation Systems (GTS) business. The strategic rationale for the acquisition is the creation of a global leader in the rail signaling market. The deal significantly enhances Hitachi Rail’s geographical footprint, complementing its strength in Japan, Italy, and the US with GTS’s deep roots in Germany, France, and Canada. From a technology standpoint, the merger nearly doubles Hitachi Rail’s engineering capacity and provides a comprehensive portfolio of urban and mainline signaling systems