Industrial mergers and acquisitions: Chevron, Atlantic Utility, Ryder System, 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.
Hopkins Manufacturing Corporation has acquired Hayes Towing Electronics
Hopkins hopes the acquisition will strengthen its position in the trailer brake control market.
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Atlantic Utility announces acquisition of Utility Trailer Sales
“We look forward to building on our common core values and vision for the future as we work together to grow the combined entity.”
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Divergent Technologies to purchase Sigma Additive Solutions' in-process quality assurance technology suite assets
Divergent hopes the acquisition will enhance the efficiency and quality control of its Divergent Adaptive Production System.
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Chevron to acquire all outstanding shares of Hess
The total enterprise value, including debt, of the transaction is $60 billion.
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Ryder System to acquire Impact Fulfillment Services
The transaction is expected to add approximately $250 million in annual total revenue to Ryder’s supply chain solutions business segment and be accretive to shareholders.
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About the Author
Alexis Gajewski
Senior Content Strategist
Alexis Gajewski has over 15 years of experience in the maintenance, reliability, operations, and manufacturing space. She joined Plant Services in 2008 and works to bring readers the news, insight, and information they need to make the right decisions for their plants. Alexis also authors “The Lighter Side of Manufacturing,” a blog that highlights the fun and innovative advances in the industrial sector.