Dealmaking remained a key component of corporate growth strategies in the diversified industrials sector during 2018, with overall sector deal value up by 30%. The sector generated headlines in the early part of the year through a series of mega-deals.

Consolidation in the diversified industrials sector continued throughout the balance of the year as companies sought to drive down costs, access new markets, and adopt new technologies.

Our Diversified Industrials sector group delivered strategic training on hot sector topics to clients across the globe. In Tokyo, we met with Japanese trading houses about a broad range of topics, including technology M&A, supply chain solutions, complex disputes, and digitalization.

Our construction and engineering team hosted Construction, Engineering, and Infrastructure Day, a full-day conference in London discussing topics ranging from procurement to payment, and all stages in between. We also delivered construction disputes training to clients across the United States, Brazil, the UAE, France, and Singapore.

Fluor

We advised Fluor Ltd., a leading engineering construction company, on the sale of its 50% stake in the Seagreen offshore wind farm projects under development by Seagreen Wind Energy Limited, to its co-shareholder SSE. SSE has now taken full ownership of the joint venture.

Located in Scottish waters, the Seagreen projects have the potential to provide a significant contribution to Scotland’s renewable energy generation capacity and help to meet Scotland and the UK’s ambitious renewable energy targets.

The team was led by M&A lawyers in our London office and involved our finance and tax practices.

Honeywell

We advised Honeywell on its approximately €425m acquisition of warehouse automation solutions provider Transnorm from IK Investment Partners.

Transnorm became part of the Honeywell Safety and Productivity Solutions and complements its Honeywell Intelligrated business. This transaction helps Honeywell respond to rapid e-commerce growth, expanding its delivery and fulfillment capabilities across Europe.

An M&A team from our Washington, D.C., Dusseldorf, Beijing, Amsterdam, Hong Kong, Milan, London, Birmingham, Paris, Dubai, and Hamburg offices led the deal, with support from our employment, IP, regulatory, and tax practices.

SABIC

We advised SABIC, a global leader in diversified chemicals, on its landmark joint venture with ExxonMobil.

The joint venture advances development of the Gulf Coast Growth Ventures project, a multibillion-dollar ethane cracker and polyethylene manufacturing facility planned for construction in San Patricio County, Texas. The plant will become the largest of its type in the world upon completion, estimated between 2021 and 2022.

A cross-practice, cross-office team from our Baltimore, Denver, Houston, Miami, New York, and Washington, D.C. offices led the transaction, with support from our antitrust, arbitration, IP, project finance, and tax practices.

Sojitz

We advised Sojitz Corporation, an international trading company headquartered in Japan, on the acquisition of 10.03% of the issued and outstanding shares of PAN Group JSC, a major agriculture and food firm listed on the Ho Chi Minh Stock Exchange, as part of a strategic investment and collaboration with PAN Group.

This strategic alliance strengthens Sojitz’s collective businesses in Vietnam.

An M&A team from our Ho Chi Minh City office led the transaction.

Read next: Energy and Natural Resources M&A