Detroit Manufacturing Systems Acquires Android Industries and Avancez to Form Voltava

Advanced Vehicle Assemblies Acquires Global Automotive Systems

April 27, 2021

Automotive

Advanced Vehicle Assemblies, LLC (an affiliate of Lynn Tilton) acquired substantially all assets of Global Automotive Systems, LLC on April 27, 2021. The deal transfers GAS’s engineering and complex structural metal-assembly capabilities into AVA to strengthen AVA’s manufacturing footprint and support future organic growth and acquisitions.

Scania Acquires Northvolt Systems Industrial Division

April 11, 2025

Manufacturing

Scania has agreed with the trustee to acquire the Industrial Division of Northvolt Systems, including production capabilities in Gdańsk and an R&D centre in Tomteboda, Stockholm, and a team of approximately 260 employees. The acquisition integrates battery system manufacturing and R&D into Scania Power Solutions to strengthen the company's electrification offering for off‑road and heavy industry applications; the purchase price was not disclosed.

VINCI Energies Acquires Avanceon

May 20, 2023

Industrial Services

VINCI Energies has acquired Avanceon, a full-service industrial automation systems integrator founded in 1984. The strategic acquisition will allow VINCI Energies to accelerate Avanceon's growth, expand its proprietary technology offerings, and broaden its geographic reach.

Auxo Investment Partners Acquires Avon Machining

June 5, 2023

Manufacturing

Auxo Investment Partners, via its Michigan Opportunity Fund, has acquired Avon Machining, a Shelby Township, Michigan-based precision manufacturer of gears, transmission parts, bearings, housings, and axle shafts. The deal serves as the fund's fourth platform investment and is intended to support Avon’s growth while preserving local ownership and addressing founder/family succession planning.

Lyten Acquires Northvolt's BESS Product Portfolio

July 28, 2025

Renewable Energy

Lyten announced it has secured more than $200 million in additional equity (primarily from existing investors) and acquired the rights to Northvolt's Battery Energy Storage System (BESS) product portfolio, including Voltpack Mobile Systems (VMS) and Voltrack. Core members of Northvolt's energy storage engineering team will join Lyten in Stockholm, and Lyten plans to manufacture VMS and future BESS products in Gdansk, Poland with production targeted for Q4 2025.

Mercury Systems Acquires Avalex Technologies Corporation

September 27, 2021

Aerospace & Defense

Mercury Systems, Inc. signed a definitive agreement to acquire Avalex Technologies Corporation, a Gulf Breeze, Florida-based provider of mission-critical avionics (rugged displays, communications management, digital video recorders, and warning systems). The all-cash asset purchase (subject to customary adjustments) is expected to be funded with cash on hand and the company's revolving credit facility; Avalex generated approximately $40 million of revenue for the year ended December 31, 2022 with ~25% adjusted EBITDA margins and the deal was expected to close in Mercury's fiscal Q2 2022 (subject to HSR clearance).