European private equity group EQT has acquired Dorner Manufacturing Corp., a designer of roller belt systems, from Incline Equity Partners. The PE firm is acquiring Dorner from the EQT Mid-Market U.S. fund. Financial terms of the deal were not disclosed.

Dorner’s conveyor belt manufacturing capabilities service a variety of industries, such as: packaging, medical and pharmaceutical, food handling and processing, and general manufacturing. The target was founded in 1966 by two brothers Wolfgang and Horst Dorner. Dorner makes steel and aluminum frame conveyors from its 140,000 square foot manufacturing facility in Pewaukee, Wisconsin.

EQT is an alternative asset management firm based in Europe with approximately $43 billion in capital across 22 funds. The PE firm intends to pursue acquisitions of complementary products as part of the deal. EQT’s funds have backed portfolio companies in Europe, Asia and the U.S. with combined sales totaling more than $20 billion.

Incline is a middle-market private equity firm headquartered in Pittsburgh, Pennsylvania. The firm targets lower-middle market growth companies with enterprise values of up to $200 million. Incline backs companies across a variety of industry sectors, including: distribution, light manufacturing, and business services. The firm spun off from PNC Bank in April 2011.

Deals involving manufacturing equipment companies have been robust recently. Related deals include: Tech Air’s, backed by CI Capital Partners, completed deal to buy two welding suppliers; Berkshire Hathaway Inc.’s purchase of Wilhelm Schulz GmbH; Graycliff Partners’ backing sheet maker A-1 Machine Manufacturing Inc.; Liberty Hall Capital Partners’ acquisition of aerospace parts supplier ZTM Inc.; and LFM Capital’s investment in hydraulic clamps maker Vektek LLC. Harris Williams & Co. served as financial adviser to Dorner on the deal.