Philip Morris Holland Holdings Acquires Swedish Match in Recommended Cash Offer

Philip Morris International to Acquire Vectura Group

July 9, 2021

Healthcare Services

Philip Morris International (PMI) announced it has agreed to an all-cash, recommended offer to acquire Vectura Group plc for an enterprise value of GBP 852 million (approximately USD 1.2 billion). The deal is expected to close in the second half of 2021, subject to shareholder and regulatory approvals.

Philip Morris International Acquires Fertin Pharma from EQT Private Equity

July 1, 2021

Pharmaceuticals

Philip Morris International has agreed to acquire Fertin Pharma, a Denmark-headquartered specialist CDMO in oral and intra-oral delivery technologies, from EQT Private Equity for a headline enterprise value of DKK 5.1 billion. Fertin Pharma — which operates sites in Denmark, Canada and India and employs more than 860 people — will strengthen PMI's smoke-free and beyond-nicotine product capabilities; the transaction is subject to customary approvals.

Molex to Acquire Vectura Group From Philip Morris International (PMI)

September 17, 2024

Medical Devices

Vectura Group Ltd., a subsidiary of Philip Morris International (PMI) and part of Vectura Fertin Pharma, has signed an agreement to be sold to Molex Asia Holdings Ltd. The deal includes upfront cash consideration of GBP 150 million (subject to customary adjustments) plus potential deferred payments of up to GBP 148 million, with closing subject to regulatory approvals and other customary conditions.

A.P. Moller Holding Acquires Svitzer Group

May 16, 2025

Transportation

A.P. Moller Holding, through its subsidiary APMH Invest A/S, has completed a recommended voluntary purchase offer and now owns 93.4% of Svitzer Group. The holding company intends to compulsory acquire the remaining shares and delist Svitzer from Nasdaq Copenhagen; Svitzer will continue to operate independently under its current leadership.

PHINIA Acquires Swedish Electromagnet Invest (SEM)

August 1, 2025

Industrial Services

PHINIA has completed the acquisition of Swedish Electromagnet Invest AB (publ) (SEM) for $47 million (452 million Swedish krona). SEM provides advanced natural gas, hydrogen and alternative-fuel ignition systems, injector stators, and linear position sensors for commercial vehicle and industrial markets.

Parkland Corporation Acquires M&M Food Market

January 18, 2022

Food & Beverage

Parkland Corporation has agreed to acquire M&M Food Market from Searchlight Capital Partners for approximately $322 million, strengthening Parkland’s proprietary food offering and expanding its convenience retail food capabilities. The deal includes more than 300 standalone stores, over 2,000 M&M Express locations and a loyalty program of ~2 million members; it is expected to close in Q1 2022 subject to customary approvals.