Top industrials mergers and acquisitions in November 2026
Every verified merger and acquisition in the industrials sector in this period, ranked by disclosed value. Updated every morning.
We tracked 12 deals in the industrials sector in November 2026, 6 of them with a disclosed value, worth $2.7bn in total. The largest was Kesko Corporation's $1.4bn deal for Dahl (Saint-Gobain's technical trade businesses in Sweden, Norway and Denmark), ahead of Ahlsell AB (publ) and Meier Tobler Group AG at $600m.
Top industrials mergers and acquisitions in November 2026
- 12 NovKesko Corporation → Dahl (Saint-Gobain's technical trade businesses in Sweden, Norway and Denmark)Kesko completes €1.2bn purchase of Saint-Gobain's Nordic Dahl businessIndustrials / Building and HVAC distributionCompleted$1.4bn
- 24 NovAhlsell AB (publ) → Meier Tobler Group AGAhlsell bids CHF 492m for Swiss building-technology group Meier ToblerIndustrials / Building technology wholesaleAgreed$600m
- 33 NovTürkiye Wealth Fund (TVF) and Turkcell İletişim Hizmetleri A.Ş. → Togg (46% stake from Vestel and Anadolu Group)Turkish wealth fund and Turkcell buy out Vestel and Anadolu in Togg for €368mIndustrials / Electric vehiclesAgreed$410m
- 43 NovAtkinsRéalis Group Inc. → David Evans Enterprises, Inc. (remaining 30% interest)AtkinsRéalis takes full control of David Evans for US$130mIndustrials / Engineering servicesCompleted$130m
- 52 NovAutoneum Holding Ltd → Trèves GroupAutoneum agrees to buy French car parts supplier Trèves for up to €64mIndustrials / Automotive componentsAgreed$70m
- 62 NovKewaunee Scientific Corporation → Nycom, Inc.Kewaunee Scientific agrees US$55m deal for lab dealer NycomIndustrials / Laboratory equipmentAgreed$55m
- 74 NovSiemens Mobility (Siemens AG) → MERMEC Group core businessesSiemens completes acquisition of core MERMEC rail businessesIndustrials / Rail signalling and diagnosticsCompletedUndisclosed
- 84 NovSignia Aerospace (backed by Arcline Investment Management) → Heads Up TechnologiesArcline-backed Signia Aerospace to buy Heads Up Technologies from JLL PartnersIndustrials / Aerospace componentsAgreedUndisclosed
- 93 NovBiffa → Enva's general recycling businesses in Scotland and EnglandBiffa agrees to buy Enva's recycling operations in Scotland and EnglandIndustrials / Waste managementAgreedUndisclosed
- 102 NovCaterpillar Inc. → John Fabick Tractor Company (Fabick Cat)Caterpillar completes purchase of Fabick Cat dealershipIndustrials / Equipment dealershipCompletedUndisclosed
- 112 NovPlatinum Equity → Warren ValvePlatinum Equity buys Warren Valve from Allied GroupIndustrials / Flow controlCompletedUndisclosed
- 122 NovTokai Kogyo Holdings Co., Ltd. → Kinugawa Rubber Industrial Holdings Co., Ltd. (100% of voting shares, from Development Bank of Japan and Commons Share Holdings)Tokai Kogyo to buy Kinugawa Rubber from Development Bank of JapanIndustrials / Auto partsAgreedUndisclosed