Dan Ives

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Business

Kadant Acquires Longtime Supplier voestalpine BÖHLER Profil in €157M Strategic Move, Eyes Long-Term Gains Despite Near-Term Dilution

Industrial components maker Kadant Inc. (KAI) has finalized a €157 million deal to acquire Austrian precision parts manufacturer voestalpine BÖHLER Profil, a key supplier for over three decades. While the acquisition strengthens Kadant's consumables-focused strategy and secures critical patented technology, executives caution that accounting complexities and existing inventory will dilute earnings through much of 2026 before margin benefits materialize.

Business

MiddleGround Capital Bolsters Mobility Tech Portfolio with Acquisition of Pi Innovo from Dana

Private equity firm MiddleGround Capital has acquired Pi Innovo, a specialist in open-platform electronic control systems, from automotive supplier Dana Incorporated. The move aims to merge Pi Innovo's expertise with MiddleGround's existing portfolio company, New Eagle, creating a stronger integrated player in control software for electric and specialized vehicles across multiple industries.