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VANTAA, Finland - Valmet Oyj (Valmet) and Neles Corporation (Neles) announced that their respective Boards of Directors have today signed a combination agreement (the Combination Agreement) and a merger plan to combine the two companies through a merger (the Combined Company).

Transaction highlights

DAVIDSON, NC — Ingersoll Rand Inc., a global provider of flow creation and industrial solutions, has entered into an agreement to acquire Maximus, a provider of digital controls and Industrial Internet of Things (IIoT) production management systems for the agritech market. The transaction is expected to close in Q3 upon obtaining the required regulatory approvals. Upon transaction close, Maximus will join the PST segment.

FARGO, ND — Ulteig, a provider of comprehensive engineering/design, program management, technical services and field services, announces the appointment of Ava Drayton as senior vice president, client solutions. Drayton is a results-oriented leader with a track record of success throughout her 30-year career in sales and marketing strategy, strategic partnerships, key account management and business development for global organizations.

OAKBROOK TERRACE, Ill. – PSG, an operating company of Dover Corporation, announced today that it has completed the acquisition of Quantex Arc Ltd. (Quantex), a player in single-use precision pumping technology.  Following the close of the transaction, Quantex will become part of the PSG business unit within Dover’s pumps and process solutions segment.