Acquisitions in Saxony-Anhalt, Germany

INNO FRICTION GmbH acquired the Industrial Friction Materials division of TMD Friction Services GmbH, including the COSID brand, effective July 1. The deal transfers the Coswig-based division's machinery, equipment and brand to INNO FRICTION's headquarters in Hamm (Sieg), strengthening INNO FRICTION's product portfolio and presence across the European industrial friction market.

Thrive Freeze Dry, a portfolio company of Entrepreneurial Equity Partners and Mubadala Capital, has signed a definitive agreement to acquire Paradiesfrucht GmbH (Paradise), a German freeze-drying manufacturer that operates 20 freeze dryers across facilities in Salzwedel and Immekath. The acquisition, announced with customary approvals required and expected to close in 2024, expands Thrive's European manufacturing footprint and product offerings — including an opportunity to grow freeze-dried pet products in Europe; financial terms were not disclosed.

Infrastructure Investments Fund (IIF), an investment vehicle advised by J.P. Morgan Investment Management, agreed to acquire G+E GETEC Holding GmbH (GETEC) from EQT Infrastructure III fund and GETEC Energie Holding (GEH). GETEC, headquartered in Magdeburg, Germany, operates over 11,500 energy generation assets across nine European countries with more than 5.2 GWth capacity and ~2,200 employees; the deal is expected to close by end of Q1 2022 subject to regulatory approvals as IIF seeks to support GETEC's continued growth and decarbonization efforts.