As companies strive to become more optimized and improve profitability, they often use various business strategies to stay competitive, including mergers and acquisitions. Like other industries, many manufacturers and service providers choose to increase business by buying or combining with other companies. Here are a few recent mergers and acquisitions that are poised to change the industry.
BYD Electronic to purchase Jabil’s Mobility business for $2.2 billion
Chinese automaker BYD hopes the acquisition will increase its customer base and product portfolio.
Chinese EV maker Xpeng spends $744 million to acquire Didi's electric car development business
After the acquisition, Xpeng plans to develop an electric car for launch in 2024 under a new mass market brand.
Modine to sell 3 businesses based in Germany to affiliates of Regent LP
The businesses manufacture exhaust gas recirculation coolers, radiators and charge air cooler modules for automotive internal combustion engine applications in Europe.
White Cap to acquire BrownCo Manufacturing & Sales
The distributor of specialty construction supplies has signed a definitive agreement to acquire the distributor of specialty concrete products.
Intel agrees to sell 10% stake in IMS Nanofabrication to Taiwan Semiconductor Manufacturing Co (TSMC)
Intel sold a 20% stake in IMS earlier this year to Bain Capital at the same valuation.
Iowa Spring has acquired Northeast Spring to expand manufacturing capabilities
The Midwest manufacturer that specializes in overhead garage doors and agricultural/construction equipment has announced that it has acquired the spring manufacturer.