Industrial mergers and acquisitions: Honeywell, Toyota, Komatsu, and more

Industrial mergers and acquisitions: Honeywell, Toyota, Komatsu, and more

Jan. 10, 2024
In this business roundup, learn how companies are buying and selling their way to more efficient operations.

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. 
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Broadcom completes acquisition of VMware 
Broadcom, which designs and manufactures semiconductors, hopes the acquisition will allow it to better address complex IT infrastructure challenges. 
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Toyota announces plans to sell 8% Denso stake 
It is reported that Denso plans to buy back some of its own shares in the open market. 
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DwyerOmega acquires Automation Components, Inc. 
DwyerOmega hopes the purchase will expand its sensor and instrumentation business.  
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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. 
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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. 

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