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Industy Pulse: Recent Acquisitions From Siemens, Motion, Prima Industrie, and More
Key Highlights:
- Siemens' $10 billion acquisition of Altair integrates advanced simulation and industrial AI capabilities into the Xcelerator platform, aiming to make these powerful engineering tools more accessible for manufacturers seeking faster product development.
- Motion Industries is set to enhance its Canadian hydraulic service capabilities through the purchase of cylinder manufacturer and repair specialist, Stoney Creek Hydraulics.
- Prima Industrie is selling its metal additive division, Prima Additive, to Sodick, allowing Prima to sharpen its focus on core sheet metal machinery while Sodick expands its 3D printing portfolio and European market presence.
- FUCHS Lubricants acquires IRMCO to expand sustainable metal-forming lubricant offerings across automotive, HVAC, and industrial markets.
- A-Gas acquired Canadian refrigerant specialist Refrigerant Services, Inc. (RSI) to expand its lifecycle refrigerant management solutions across North America while maintaining both brands to leverage their combined market expertise.
Welcome back to our regular look at who's buying who in the manufacturing equipment world. We've rounded up the latest deals that matter to your business—from major industry shakeups to smaller strategic moves.
Keeping tabs on these acquisitions helps you stay ahead of the curve—whether you're wondering about future product lines, service changes, or where prices might be heading. So grab your coffee and let's dive into the latest manufacturing acquisitions and what they mean for your equipment decisions.
Siemens Acquires Altair Engineering for $10B, Bolstering Simulation and AI Capabilities
Siemens has finalized its acquisition of Altair Engineering, a prominent provider of industrial simulation and analysis software, in a $10 billion deal. This move expands Siemens' portfolio, particularly in simulation, industrial AI, high-performance computing (HPC), and data science.
By integrating Altair's technology, Siemens aims to enhance its Xcelerator platform and strengthen its Digital Twin offerings. The goal is to make advanced simulation and AI-powered engineering tools more accessible to manufacturers and engineers of all sizes, enabling faster product development for complex designs. The acquisition adds Altair's expertise in mechanical and electromagnetic simulation to Siemens' existing capabilities.
Siemens emphasizes that this combination will help customers optimize HPC processes, use new AI tools, and leverage data analytics to drive innovation and digital transformation. This acquisition is part of Siemens' strategy to increase its digital revenue and expand its industrial software leadership. The company also noted this deal contributes to its over $100 billion investment in the United States over the past two decades.
Motion Industries Expands Canadian Hydraulics Capabilities with Stoney Creek Acquisition
Motion Industries, a leading MRO distributor and industrial solutions provider, has entered into an agreement to acquire the operating assets of Stoney Creek Hydraulics, a Canadian specialist in hydraulic and pneumatic cylinder manufacturing and repair services. This acquisition, expected to close by the end of October 2025, aims to enhance Motion's service offerings within Canada.
Stoney Creek Hydraulics brings expertise in custom cylinder builds (from customer blueprints or in-house design) and comprehensive repair services, including inspection, machining, and testing.
According to Motion President James Howe, the addition of Stoney Creek's skilled team will significantly bolster Motion's hydraulic capabilities and complement its existing mechanical repair services in the Canadian market, aligning with the company's strategy to grow through targeted service acquisitions.
Prima Industrie Sells Additive Manufacturing Division to Sodick
In a strategic move to sharpen its focus on its core sheet metal working and laser cutting machinery business (under the Prima Power brand), Prima Industrie has agreed to sell its metal 3D printing division, Prima Additive, to Japanese precision machinery manufacturer Sodick Co., Ltd. The deal, expected to close by Q2 2025, builds on an existing alliance between Sodick and Prima Additive established earlier this year.
For Prima Industrie, this divestiture aligns with its strategy to enhance operational efficiency and accelerate international growth in integrated sheet metal solutions. For Sodick, acquiring the Turin-based Prima Additive—specializing in laser powder bed fusion and directed energy deposition technologies—will expand its metal additive manufacturing product portfolio and bolster its footprint in the European market. Both companies anticipate significant synergies from the consolidation, driving growth within the metal 3D printing sector.
Prima Industrie CEO Giovanni Negri confirmed the sale allows the company to concentrate resources on its primary sheet metal processing systems while enabling Prima Additive to reach its full potential under Sodick's ownership.
FUCHS Lubricants Acquires IRMCO Advanced Metalforming Lubricant Technologies
To expand its lubrication portfolio by offering sustainable lubrication solutions, FUCHS Lubricants acquired the U.S. lubricants company IRMCO Advanced Metalforming Lubricant Technologies on April 1, 2025. Founded in 1914 and based in Illinois, IRMCO manufactures oil-free metal-forming and tube-bending lubricants for demanding manufacturing processes.
These lubricants work across markets such as automotive stamping, tube bending, appliance manufacturing, construction, and HVAC supplies.
A-Gas Expands in Canada Through Refrigerant Services, Inc. Acquisition
A-Gas, a leader in environmentally responsible lifecycle refrigerant and fire suppressant management, acquired Refrigerant Services, Inc. (RSI), a Canadian refrigerant brand. Finalized in late March 2025, the acquisition allows A-Gas' commitment to delivering enhanced refrigerant solutions and support to businesses across North America while ensuring our customers in the Canadian market receive the maximum value and benefit of lifecycle refrigerant management while maintaining access to a full range of products and services.
"We are excited to continue serving the Canadian market, combining our expertise to provide circular solutions in the refrigerant industry with RSI's over thirty years of exceptional customer service and dedication to the Canadian market. We look forward to delivering the same dedication and expertise that have defined both companies," said Mike Armstrong, Managing Director and President of A-Gas in the Americas.
Both companies' leadership and brands will remain intact, allowing A-Gas to leverage the strengths of both organizations, combining their expertise to better serve the evolving needs of the market.
