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 (EBITDA),…
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 purchase…
CHICAGO — Littelfuse, Inc. (LFUS) announced Wednesday it has reached a definitive agreement to acquire Basler Electric Company, a privately held manufacturer of electrical control and protection solutions, for approximately $350 million in cash. The deal, subject to customary adjustments, aims to expand Littelfuse’s reach in high-growth industrial markets such as grid and utility infrastructure,…
NEW YORK: Stellex Capital Management, a private equity firm with more than $5 billion in assets under management, announced Friday it has acquired Crest Ultrasonics, a global manufacturer of advanced cleaning and welding equipment. Crest, headquartered in the U.S. with operations across Europe and Asia, has served industrial sectors for over six decades, including healthcare,…
The company posted revenues of £66.2 million, a 0.5% increase from FY24 LONDON: SDI Group plc (LSE: SDI), a specialist manufacturer and acquirer of scientific and industrial technology firms, on Wednesday reported resilient final results for the fiscal year ended April 30, 2025, citing continued strategic execution amid macroeconomic uncertainty. The company posted revenues of…
LONDON: Private equity firm Kohlberg Kravis Roberts & Co. (KKR) has agreed to acquire British precision measurement company Spectris plc in a recommended cash deal valued at approximately £4.1 billion ($5.2 billion). Under the terms of the acquisition, Spectris shareholders will receive £40.00 per share, comprising £39.72 in cash from KKR’s acquisition vehicle, Project Aurora…