Ivanhoe Capital Acquisition Corp. and PIPE Investors Complete Business Combination with SES Holdings (SES AI Corporation)

SES AI Corporation Acquires Shenzhen UZ Energy Co., Ltd.

September 18, 2025

Energy

SES AI Corporation (NYSE: SES) has completed the acquisition of Shenzhen UZ Energy Co., Ltd., a provider of premium energy storage systems (ESS). The deal adds ESS hardware, an established global partner network, and expanded go-to-market capability—helping SES AI offer integrated battery hardware and AI-enabled software solutions and accelerate its entry into the global ESS market, particularly in North America.

SES Completes Acquisition of Intelsat

July 17, 2025

Telecommunications

SES has completed its acquisition of Intelsat, creating a strengthened multi-orbit satellite operator with an expanded fleet and combined capabilities across GEO, MEO and access to LEO. The deal brings together complementary satellite assets, ground networks and teams to expand government, aviation, maritime and media connectivity offerings and capture cost synergies.

Bain Capital-Led Consortium Acquires Hitachi Metals

October 26, 2022

Manufacturing

A consortium led by Bain Capital Private Equity, together with Japan Industrial Partners (JIP) and Japan Industrial Solutions (JIS), closed a tender offer to acquire Hitachi Metals, Ltd. The investors said they will provide capital and management support to accelerate growth and pursue opportunities in areas such as electric vehicles; Hitachi Metals reported ¥942.7 billion in revenue and about 27,700 employees as of March 2022.

Superior Environmental Solutions Acquires Hydro Technology

February 17, 2021

Industrial Services

Superior Environmental Solutions (SES), a Rosewood Private Investments portfolio company, has acquired Hydro Technology, Inc., a provider of industrial and environmental cleaning services headquartered in Dundee, Michigan. The acquisition expands SES's environmental and industrial cleaning capabilities and adds five facilities in Michigan and Ohio to SES's existing branch network.

Johnson Controls Acquires Security Enhancement Systems (SES)

April 19, 2022

Industrial Services

Johnson Controls has acquired Security Enhancement Systems LLC (SES), a provider of mobile-based, keyless access control solutions for critical infrastructure such as telecommunications towers, utilities and data centers. The acquisition expands Johnson Controls' access control and remote-site security capabilities by integrating SES's mobile, cloud and on-premise technologies into its security products portfolio.

XMachina AI Group Inc. Completes Business Combination to Acquire XMachina-AI Inc.

June 9, 2022

AI & Machine Learning

XMachina AI Group Inc. (formerly 1210352 B.C. Ltd.) completed a business combination on June 7, 2022, pursuant to which it acquired XMachina-AI Inc. and renamed the resulting issuer XMachina AI Group Inc. The Resulting Issuer will carry on XMAI's business, intends to apply to list its subordinate voting shares on the Canadian Securities Exchange, and plans to accelerate growth by injecting capital and talent into AI and data-analytics businesses.