SK On Acquires Full Control of Tennessee Battery Plant in Joint Venture Split with Ford
South Korean EV battery maker SK On completed the restructuring of its BlueOval SK joint venture with Ford, taking full ownership of the Tennessee battery plant while Ford assumed the Kentucky sites. The split, announced on May 22, 2026, is expected to cut SK On’s debt by about KRW 5.4 trillion ($3.6 billion) and broaden its customer base to include energy storage.
Kone to Acquire TK Elevator for $34.4B, Creating World's Largest Elevator Manufacturer
Kone announced it will acquire Germany‑based TK Elevator for about €29.4 billion ($34.4 billion) in cash, shares and assumed debt, creating the world’s largest elevator maker. The deal marks a major private‑equity exit for Advent International and Cinven, who have owned TKE...
Forterro to Acquire 3E, Expanding Vertical Manufacturing Software Portfolio
Forterro announced plans to acquire German software provider 3E, a specialist in windows and doors manufacturing solutions. The acquisition expands Forterro's vertical manufacturing portfolio and is expected to close in Q2 2026, highlighting ongoing consolidation in the industrial ERP market.
Monacum Partners Acquires Everllence’s DWE Reactor Manufacturing Business
Monacum Partners GmbH completed the acquisition of the DWE reactor and apparatus manufacturing business from Everllence SE. The deal, which received all regulatory approvals, transfers ownership of the Deggendorf facility that employs around 400 people and serves the chemical, petrochemical...
GoEngineer Acquires SKA to Enter Latin America
GoEngineer announced the acquisition of SKA, a leading SOLIDWORKS and engineering technology reseller in Brazil, expanding its footprint into Latin America. The deal adds SKA’s capabilities in manufacturing software, shop‑floor automation, and product development to GoEngineer’s portfolio. This marks GoEngineer’s...
BIWI SA Acquires 9T Labs’ Additive Manufacturing Assets to Build European Advanced Composites Hub
Swiss technical materials manufacturer BIWI SA announced the acquisition of the assets of Zurich‑based deep‑tech startup 9T Labs AG, which specializes in additive manufacturing of carbon composites. The deal includes roughly 40 industrial machines and 22 patent families, enabling BIWI...
JSW Steel Completes Acquisition of High‑grade Coking Coal Assets in Mozambique
JSW Steel announced it has completed the acquisition of high‑grade coking coal assets in Mozambique, bolstering its raw‑material security for future capacity expansion. The deal was disclosed in a May 17 2026 interview with the company's joint MD & CEO, highlighting the...
Arkeus Raises $16.5M Series A Led by QIC Ventures to Expand AI-Enabled Defence Manufacturing in Queensland
Australian defence tech firm Arkeus announced a A$25 million (≈ $16.5 M) Series A round led by QIC Ventures with participation from R+ VC, Folkore Ventures, Dyne Ventures, Main Sequence Ventures, Salus Ventures and Beaten Zone. The funding will support Arkeus’s relocation to Queensland and the...
Relevant Solutions Acquires Automation Werx, Expanding Automation Capabilities
Relevant Solutions, LLC announced the acquisition of Automation Werx, LLC, a systems integration and automation specialist based in Idaho Falls. The deal expands Relevant's automation, controls, and regional coverage across the Intermountain West, adding expertise in water/wastewater, dairy, and agriculture...
I3D Manufacturing Acquires Burloak Technologies to Boost Additive Manufacturing Capabilities
i3D Manufacturing announced the acquisition of Burloak Technologies, a leading metal additive manufacturing service provider based in Oakville, Ontario. The deal expands i3D’s capabilities in aerospace, defense, space, and energy markets and will see Burloak continue operating under its name...
ZeroUSV Invests in Manor Marine, Becomes Shareholder
UK designer and manufacturer of uncrewed surface vessels ZeroUSV announced a strategic equity investment in the Manor Marine shipyard, acquiring a share to secure production capacity for its Oceanus class USVs. The deal, disclosed on May 12, 2026, aims to...
Mekr Raises $7M Series A Funding Led by Avaana Capital
Consumer electronics design and manufacturing startup Mekr announced a $7 million Series A round, raising Rs 67 crore. The round was led by Avaana Capital with participation from Titan Capital Winners Fund. The funds will be used to strengthen R&D, expand manufacturing automation, localise...
DoD Makes $400M Equity Investment and $150M Loan to MP Materials
The U.S. Department of Defense has taken a $400 million equity stake in MP Materials, becoming one of its largest investors, and has also extended a $150 million loan to support the rare‑earth producer’s expansion. The deal includes a $110/kg price floor...
Jensen Infrastructure Acquires 100‑Acre Lancaster Site for $46 Million
Jensen Infrastructure, a precast concrete and engineering firm, paid $46 million to acquire a 100‑acre parcel at 30th Street and Avenue G in Lancaster, California. The land will host a 400,000‑sq‑ft build‑to‑sit precast manufacturing facility slated for completion in March 2027.
BMW I Ventures Launches $300M Fund III to Back AI-Driven Industrial Innovation
BMW i Ventures, the corporate venture arm of the BMW Group, announced the launch of its third fund, committing $300 million to invest in AI-driven industrial technologies. Fund III will focus on physical AI, agentic AI, industrial software, manufacturing technologies,...