OSLO, NORWAY: Elop AS and Nordic Infrastructure Group AS (N.I Group) have agreed the principal terms of an agreement where Elop is to acquire 100 percent of the shares in N.I Group. Elop and N.I GROUP have agreed to the principal terms of an agreement where Elop will take over all of the shares in…
Author: Chenos Kahn
KONGSBERG to acquire satellite manufacturer NanoAvionics
OSLO, NORWAY: Kongsberg Defence & Aerospace has entered into an agreement to acquire Lithuanian smallsat mission integrator and bus manufacturer NanoAvionics. The planned acquisition expands KONGSBERG’s space offering to also have products and technology for manufacturing small satellites, a bourse filing noted. NanoAvionics is a leading smallsat mission integrator and bus manufacturer with significant global…
SensOre Ltd to acquire Intrepid Geophysics for $5.0 million
SYDNEY, AUSTRALIA: SensOre Ltd (ASX: S3N) has reached an agreement to acquire Intrepid Geophysics, a leading provider of geophysics software and services headquartered in Melbourne, Australia with distributors and resellers globally. The deal will be primarily funded through the issue of new fully paid ordinary SensOre shares. Intrepid Geophysics’ advanced automated geophysical software and geoscience…
Schneider Electric finalizes disposal of Russian business to locals
RUEIL-MALMAISON, FRANCE: Schneider Electric has signed on July 3rd, 2022 a binding agreement regarding the sale of Schneider Electric Russia to the local leadership team. Closing of the transaction will be subject to regulatory approvals and satisfaction of other closing conditions. Since 24 February 2022 Schneider Electric has put on hold new investments in Russia and Belarus…
TGS acquires Prediktor
OSLO, NORWAY: TGS ASA, a global provider of energy data and intelligence, has acquired Prediktor AS, a leading provider of asset management and real-time data management solutions to renewable and energy asset owners. Established in 1995, the company has carried out thousands of installations on mission-critical industrial and energy assets on all seven continents, enabling…
Eurazeo selling 51% stake in Trader Interactive to carsales for $350mn
PARIS, FRANCE: Eurazeo SE has announced sale of its remaining 51% stake in Virginia (USA)-based Trader Interactive to carsales, the largest online automotive advertising platform in Australia with a growing presence in Latin America and Asia. The sale of the 51% stake represents pre-tax proceeds of $350 million for Eurazeo and its affiliates, of which…
HAV Group signs intent to acquire Høglund Marine Solutions
OSLO, NORWAY: HAV Group ASA today announced the signing of a letter of intent for the acquisition of Høglund Marine Solutions AS, a leading provider of sustainable marine technologies and services, a statement said. “The potential acquisition of Høglund Marine Solutions will enhance our portfolio of marine technologies and services and holds a strong strategic…
Solutions 30 in exclusive negotiations for the acquisition of EnergyGo
PARIS, FRANCE: Solutions 30 SE has entered into exclusive negotiations for the acquisition of EnergyGo, a specialist in energy renovation, a news release said. EnergyGo is an expert in the energy renovation of individual homes, with more than 25,000 projects completed since its creation in 2010. With this transaction, the group confirms that it is…
Ampol finalizes sale of Gull New Zealand to Allegro Funds for NZ$509 mn
AUCKLAND, NEW ZEALAND: Ampol Limited (ASX/NZX:ALD) confirms that the sale of its Gull New Zealand to a transaction vehicle entity of Allegro Funds Pty Ltd has become unconditional, a press release said. Under the terms of the sale, Allegro will acquire 100% of Gull for net cash proceeds of approximately NZ$509 million as well as…
Forsee Power to establish battery systems gigafactory in the Columbus Region
PARIS, FRANCE: Forsee Power, an expert in smart battery systems for sustainable electromobility, announced at the SelectUSA Investment Summit in Washington D.C. that the Group establishes its North American headquarters and gigafactory in Hilliard, Ohio. This is a major step in the development of the Group that now has a unique international footprint in the…
Automaker Stellantis acquires 8% shares in battery maker, Vulcan Energy
SYDNEY, AUSTRALIA: Vulcan Energy has agreed to sell 8% shares in the company to Stellantis N.V for A$76M (€50M). This represents the world’s first upstream investment in a listed lithium company by a top tier automaker. Stellantis will become the second largest shareholder in Vulcan, at 8% shareholding, following issue of the fully paid ordinary…
BE Group to acquire Goodtech Solutions Manufacturing
OSLO, NORWAY: Goodtech ASA has today signed an agreement with the Swedish group BE Group on the sale of 100% of the shares in Goodtech Solutions Manufacturing AB, a statement said. Goodtech Solutions Manufacturing AB is a CNC machining workshop in Arvika in Sweden, with an annual turnover of around SEK 20 million. The company…