Industrial mergers and acquisitions: BYD Electronic, Xpeng, Intel, and more.
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.
Learn more
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.
Learn more
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.
Learn more
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.
Learn more
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.
Learn more
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.
Learn more
About the Author
Alexis GajewskiAlexis Gajewski
Senior Content Strategist
Alexis Gajewski is a manufacturing writer and editor with nearly 20 years of experience covering the people, practices, and technologies that keep industrial facilities running. For more than a decade, she served as Senior Content Strategist for Plant Services, creating content for plant managers, engineers, and maintenance professionals on a variety of industrial topics.
During her tenure, Alexis worked to develop the brand’s digital strategy and helped launch and produce Great Question: A Manufacturing Podcast. She also created The Lighter Side of Manufacturing, a weekly blog that explored the inventive and sometimes humorous side of the industry.
Alexis co-founded Influential Women in Manufacturing, a recognition program that honored 49 women in its first two years, earned an industry award for Best Product Launch, and received a proclamation from Illinois Governor JB Pritzker and a commendation from U.S. Senator Tammy Duckworth.
She also led newsroom operations and development at a large media company where she set editorial standards, developed training curriculum, and helped support AI adoption for more than 150 editors across 80+ brands spanning manufacturing, industrial processing, automation, and more.
Additionally, Alexis works as a freelance writer and editor, and her areas of interest include continuous improvement, the skilled workforce, and the role of emerging technology on the plant floor.
Connect with Alexis on LinkedIn