NEW YORK – ITT Inc (NYSE: ITT) has agreed to acquire equipment maker SPX FLOW from private equity firm Lone Star Funds for $4.775 billion in cash and equity, a move that significantly expands its engineered components and process technology business. The deal, valued at 14.2 times SPX FLOW’s forecast 2026 adjusted core earnings…
LONDON: UK engineering firm Weir Group PLC said on Tuesday it has finalized the acquisition of Fast2 Mine Tecnologia e Desenvolvimento de Sistemas Ltda, a Brazilian provider of mine management software, expanding its footprint in South America’s mining technology market. The deal, first announced on Sept. 23, 2025, will see Fast2Mine integrated into Weir’s…
HOUSTON – CoLab, a provider of artificial intelligence software for engineering teams, said on Tuesday it raised $72 million in a Series C funding round led by Intrepid Growth Partners, as demand surges for AI that can capture expert knowledge and accelerate complex design decisions. The funding round affirms CoLab’s position in the competitive field…
Verbrec to acquire Alliance Automation for $5.5 million, divests Competency Training business SYDNEY: Australian engineering services firm Verbrec Limited (VBC.AX) said on Wednesday it has agreed to acquire automation and control company Alliance Automation from Telstra Group Limited (TLS.AX) for an upfront cash consideration of A$5.5 million ($3.6 million). The acquisition, outlined in a share…
BRISTOL: Electro-Mechanical, LLC, a leading U.S. manufacturer of medium voltage switchgear and electrical apparatus, announced Friday it has acquired Powercon Corporation, a Maryland-based provider of custom-designed power distribution systems. Founded in 1959, Powercon brings more than six decades of engineering expertise in medium voltage switchgear, e-houses, and modular substation power systems. The acquisition strengthens…
PERTH: Civmec Limited has signed a binding agreement to acquire full ownership of Luerssen Australia Pty Ltd from NVL Australia GmbH for AUD 20 million in cash, in a strategic move to consolidate its position as a leading sovereign Australian shipbuilder. The acquisition, scheduled to close by July 1, 2025, will transfer all assets,…
CBRE Group, Inc. (NYSE:CBRE), the world’s largest commercial real estate services and investment firm, has completed its acquisition of J&J Worldwide Services, a company that specializes in engineering services, base support operations and facilities maintenance for the U.S. federal government. The deal, which was announced today by CBRE and Arlington Capital Partners, the private…
ESP Associates, a top engineering design, planning, and geospatial firm, has appointed Dave Dickey as its new Chief Executive Officer. Dickey is a certified planner with over 35 years of experience in senior and executive roles in the AEC industry. He succeeds Joe Hendrick, who led the company for nearly 25 years and will…
PARIS, FRANCE: Dassault Systèmes, a leader in virtual twin technologies, and Assystem, a global engineering and project management company, have announced a strategic partnership to support the development of advanced modular nuclear reactors. These reactors are designed to produce clean, safe and reliable energy for various applications. The partnership will leverage the 3DEXPERIENCE platform…
LYSAKER: TECO 2030 ASA has signed a Strategic Cooperation Agreement with the Norwegian advanced mechanical engineering group Slåttland, which forms the basis for potential joint projects based on equality and mutual understanding. TECO 2030‘s partnership with the Slåttland Group in Norway aims to explore cooperation possibilities within a range of emission-reducing projects, including hydrogen…
SINGAPORE: Acromec Limited has acquired the remaining 40% equity interest in Golden Harvest Engineering Pte Ltd for a cash consideration of S$0.55 million, completing its earlier 60% acquisition in 2016. Following ACROMEC’s acquisition of the remaining 40% stake, Golden Harvest will be a wholly-owned subsidiary of the Company. Golden Harvest is an engineering firm…