Market Contraction Continues

There are certain years that stand out as significant years of market consolidation with considerable amounts of mergers and acquisitions. 2016 has been one of those years. Just take a look at the list of acquisitions from the past 8 months alone, and I'm sure there are plenty we have missed:

January 20, Certified Power Acquires Cirus Controls 

February 1, Siemens to Acquire CD-adapco

February 2, WABCO Announces Acquisition of MICO

February 3, Pure Power Technologies Acquired from Navistar

February 11, Federal Signal’s Environmental Solutions Group Acquires Westech Vac Systems Ltd.

February 15, Hexagon Composites Acquires Fuel Systems Integrator in Brazil

February 22, Wynnchurch Capital Acquires Texas Hydraulics

February 22, Southco Completes Acquisition of CounterBalance Corp.

March 1, FORCE America Acquires Atlanta Powertrain & Hydraulics

March 29, John Deere Forms Joint Venture with Hagie

April 19, WABCO Acquires Laydon Composites Ltd

May 17, Taylor Dynamometer Acquires Dyne Systems

June 1, Trelleborg Finalizes Acquisition of CGS Holding

June 3, Westport Innovations and Fuel Systems Solutions Complete Merger

June 20, Knorr-Bremse Acquiring GT Group

June 23, Telogis Acquired by Verizon

July 5, Camso Acquires Eurowheel

July 6, PPG Acquires MetoKote

July 8, Timken Acquires Lovejoy Inc.

July 12, Danfoss Acquiring White Drive Products

July 21, Komatsu to Acquire 100% Ownership of Joy Global

August 1, Douglas Acquisitions LLC Completes Acquisition of Quantum Fuel Systems

August 2, Trimble Acquires GNSS Service Provider AXIO-NET GmbH

There are several reasons for the acquisitions, from broadening a product line to increasing global reach. It will be interesting to watch how the remainder of 2016 continues and to see what further consolidation there is on the horizon.