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.
Komatsu to acquire American Battery Solutions
American Battery Solutions specializes in advanced lithium-ion battery manufacturing, while Komatsu produces construction, mining, forestry and industrial heavy equipment.
Broadcom completes acquisition of VMware
Broadcom, which designs and manufactures semiconductors, hopes the acquisition will allow it to better address complex IT infrastructure challenges.
Honeywell to acquire Carrier’s Global Access Solutions business for $4.95 billion
Honeywell hopes the acquisition will strengthen its alignment to the megatrend of automation, underpinned by digitalization.