Each month, we review mergers and acquisitions (M&A) transactions to better understand sector dynamics. Here are the ones that caught our attention in September in Luxembourg and Belgium: Euro-Composites, Luxembourg composite manufacturer, acquired by German group Schütz Euro-Composites, a Luxembourg-based group active in the design and production of composite materials for aerospace, defense, and railway industries, has been acquired by the German family-owned group Schütz.