M&A; Activity Around the Globe: Macarthur, Peaboy, Suzlon, Hansen, Ivanhoe, Exco, Brucker, Center for Tribology Inc., Microsemi, Zarlink
Thursday, October 13, 2021 11:19 AM

Amidst positive news about fresh measures taken by European leaders to tackle the European debt crisis, a range of merger and acquisition activities are taking place around the globe.


China Clears Macarthur Takeover by Peabody


Peabody (NYSE: BTU), which is based out of U.S and is engaged in mining and coal production, announced on Thursday that China’s Ministry of Commerce has given regulatory approval to a take over of Australia’s Macarthur Coal by Peaboby Energy and Arcelor Mittal for $4.9 billion, or $16 per share. The approval was necessary as China is a major consumer of pulverized coal injection metallurgical coal, and Macarthur controls a substantial slice of that market. Macarthur has accepted the sweetened offer as it failed to find a rival bidder.


Suzlon Energy Sells Hansen Transmissions Stake


Suzlon Energy, a Mumbai, India based wind turbine maker, said Thursday it has concluded a 26.06 percent stake sale in Hansen Transmission International N.V to Friedrichshafen AG for GBP 444.8 million. The deal was done by Suzlon Energy's wholly owned subsidiary, AE-Rotor Holding BV. Friedrichshafen AG earlier in July had made an offer of GBP 444.8 million for Hansen.


Ivanhoe Acquires 80 percent Interest in Exco Joint Ventures  


Australia-based mineral exploration and development company, Ivanhoe Australia Limited, announced they have completed acquisition of an 80 percent interest in 13 Exco Resources Limited tenements in the highly mineralized Cloncurry region. In May 2007, Ivanhoe entered into a joint venture with Exco in which Ivanhoe earned 80 percent interest in these prospective tenements. In addition, Ivanhoe invested directly in Exco and holds a 22.6 percent stake. The joint venture provided extra exposure to the mineral rich Cloncurry field.


Brucker Corp. acquires Tribology Inc.


U.S based life sciences and material research firm Brucker Corp. (NasdaqGS: BRKR ) announced the $13 million acquisition of Center for Tribology Inc. a privately held tribology and mechanical testing company headquartered in California. The deal could be sweetened with further earn-outs of up to $4 million in cash depending upon growth and profitability of Tribology during 2012 and 2013. In a statement Frank Laukien, president and CEO of Bruker Corp. stated: "We are very excited about the addition of CETR’s highly regarded tribology, mechanical testing and nano-indenting expertise and product lines. With these additional industry-leading systems, Bruker is continuing its commitment to provide the world’s most innovative selection of high-performance, applications-enabling instrumentation. We cordially welcome Dr. Gitis and our new colleagues."


Microsemi Corp. Announces Successful Completion of Acquisition of Zarlink Semiconductor Inc.


Microsemi Corp. (NASDAQ: MSCC) ,a leading provider of semiconductor solutions, today announced that it’s wholly owned indirect subsidiary ULC will acquire 96 percent Zarlink Semiconductor's outstanding shares. With the completion of the deal, Microsemi Corp. will take control over the board and  operations and will acquire all the remaining shares Zarlink and will take necessary steps to de-list Zarlink from TSX.