ABB has signed an agreement to purchase Aurora Motors. This acquisition provides a well-regarded product portfolio, a long-standing customer base in 30 countries and an experienced customer-centered sales structure, as well as solid partnerships with strategic suppliers.
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Heavy-duty centrifugal slurry pumps manufacturer and designer KSB GIW Inc. acquired a significant stake of shares in AIMS/PIP360, an electronics designer and specialist in ultrasonic sensors and analysis. Full story.
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Rio Tinto has entered a definitive agreement to acquire Arcadium Lithium for $6.7 billion. The transaction, which will be implemented by way of a Jersey scheme of arrangement, is expected to close in mid-2025. “Acquiring Arcadium Lithium is a significant step forward in Rio Tinto’s long-term strategy, creating a world-class lithium business alongside our leading aluminum and copper operations to…
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Southwest Critical Materials, an affiliate of private equity firm Kinterra Capital, has successfully acquired the Pumpkin Hollow copper project in Yerington, Nev., from Nevada Copper.
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American Industrial Partners (AIP) has acquired the sulfuric acid regeneration business of Veolia North America, including its sulfuric acid and potassium hydroxide regeneration, sulfur gas recovery, and sulfur-based products production businesses.
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BHP and Lundin Mining have agreed to jointly acquire 100% of Filo, owner of the Filo del Sol copper project, through a Canadian plan of arrangement.
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U.S.-based Goodyear Tire & Rubber Co. has signed a definitive agreement to sell its off-the-road (OTR) tire business to the Yokohama Rubber Co. for $905 million in cash. The transaction follows a previously announced strategic review of the OTR tire business in connection with the Goodyear Forward transformation plan.
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Precision Pulley & Idler (PPI) has agreed to acquire Continental Global Material Handling, a portfolio company of Stellex Capital Management. United States-based Continental has been “a leader in bulk material handling for decades,” PPI said.
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IPS, which specializes in the servicing, engineering and remanufacturing of electrical, mechanical, and power management assets, has agreed to acquire assets of ABB’s Industrial Services business. The business includes a U.S. and Canadian service shop network with locations in Tucson, Ariz.; Evansville, Ind.; Charlotte, N.C.; Edmonton, Alberta, Canada; and Burlington, Ontario, Canada, employing 114 talented employees. The transaction is expected…
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U.S.-based Newmont said its shareholders overwhelmingly voted in favor of the proposed acquisition of Australian rival Newcrest Mining. The deal will create a world-class portfolio of gold and copper assets.
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