Acquisitions

Emcovele, an Ecuador-based compressor distributor, has become part of Atlas Copco Group.

Shell Eastern Trading has reached an agreement with Carne Investments – an indirect wholly-owned subsidiary of Temasek – to acquire Pavilion Energy.

Compressed gas specialist City Carbonic has acquired the cylinder gas distribution division of Automatic Fire Control.

AE Industrial has become part of the Atlas Copco Group.

ADNOC Logistics & Services is to buy an 80% stake in Navig8 Topco Holdings in a $1.04bn deal designed to accelerate the company’s global expansion.

Meritus Gas Partners (Meritus) has announced the successful completion of three acquisitions by its platform operating companies in May 2024. The financial terms of these deals were not disclosed.

US gases producer and distributor American Welding & Gas (AWG) has announced its buyout of Speed Industrial Gas, expanding its reach to Texan cities San Antonio, Taylor and Pleasanton.

Dutch cryotechnology company Stirling Cryogenics B.V (Stirling) has opened a new Nordic-centric office in Sweden.

Hamamatsu Photonics has completed its buyout of Danish NKT Photonics, expanding the Group’s reach in the semiconductor, quantum and medical fields.

Maryland-based welding company ESAB Corporation has signed an agreement to acquire the welding business of Linde Bangladesh.