Hillenbrand completed the acquisition of LINXIS Group from IK Partners for €572m.

Hillenbrand, a global industrial company, completed the acquisition of LINXIS Group, a global provider of mixing, ingredient automation, and portioning solutions for food and other higher growth end markets, from IK Partners, a private equity firm, for €572m. "LINXIS Group will continue to build upon our profitable growth strategy by further strengthening and accelerating our position in the attractive food end market and enhancing the technical capabilities of our products and service offerings. By leveraging the combined capabilities of our Coperion brand and the LINXIS Group brands, we will be able to offer more comprehensive processing solutions, creating significant value for our customers. Through cross-selling opportunities in key geographies, the deployment of the Hillenbrand Operating Model, and utilization of our scalable foundation, we expect this acquisition to deliver compelling long-term shareholder value," Kim Ryan, Hillenbrand President and CEO.