HAUGESUND, NORWAY: Reach Subsea announced that Wilhelmsen New Energy AS has entered into an investment agreement whereby Wilhelmsen has agreed to become a 21% shareholder in Reach Subsea through subscribing for NOK 150 million in a directed private placement. The investment agreement forms part of a broader partnership, which will see the launch of the…
Author: Chenos Kahn
Reach Subsea acquires offshore survey company iSURVEY
HAUGESUND, NORWAY: Reach Subsea ASA, a provider of subsea services globally, has entered into an agreement with iSURVEY Holding AS to acquire ISURVEY Group AS, a provider of offshore high-quality survey services, for NOK 135 million. “With the acquisition of ISURVEY, we are developing Reach Subsea into a larger, more robust, fully integrated company, with…
Focus Home Interactive acquires video game developer Leikir Studio
PARIS, FRANCE: Focus Home Interactive announced the acquisition of video game developer Leikir Studio. Based in Paris and made up of around twenty passionate creators, Leikir Studio thus becomes the 5th development studio to integrate with Focus. The Group is also strengthening through the recruitment of four new talents who will come to occupy strategic…
ASX CEO Dominic Stevens announces plan to retire
SYDNEY, AUSTRALIA: ASX Limited (ASX) advises that Managing Director and Chief Executive Officer (CEO) Dominic Stevens has announced his intention to retire this year, with the Board beginning a process for a timely and orderly transition to a new CEO. The Board congratulates Mr Stevens for successfully leading ASX through a period of significant growth…
Saint-Gobain sells its glass processing business in Estonia
PARIS, FRANCE: Saint-Gobain has entered into an agreement for the sale of its regional glass processing business Baltiklaas OÜ in Estonia to Polar Glass OÜ, a subsidiary of Barrus AS. Barrus AS is the largest glued laminated timber manufacturer in Estonia and supplier to window and door producers. Baltiklaas OÜ employs more than 200 people…
Innergex Renewable Energy acquires Aela Energía for $691mn
OSLO, NORWAY: Mainstream Renewable Power and Actis have sold Aela Energía to the Canadian-listed developer Innergex Renewable Energy for USD 691 million. Aela has grown to become Chile’s largest independent power producer of renewable energy, since it was established in 2013 as part of a joint venture between Actis (60 percent) and Mainstream (40 percent)….
Waga will supply equipment to Air Liquide for renewable natural gas production
MEYLAN, FRANCE: Waga Energy will supply three cryogenic distillation modules to Air Liquide for two renewable natural gas (RNG) production plants currently under construction in the United States, a statement said. The cryogenic distillation modules, manufactured as standard components by Waga Energy for its WAGABOX(R) landfill gas upgrading units, separate methane from oxygen and nitrogen….
Fred. Olsen Windcarrier plans EUR 150mn IPO on Oslo Stock Exchange
OSLO, NORWAY: Fred. Olsen Windcarrier ASA announced its intention to launch an initial public offering (IPO) of new shares and apply for a listing on the Oslo Stock Exchange. The Fred. Olsen Windcarrier IPO is expected to comprise a primary offering of new shares raising gross proceeds of approximately EUR 150 million, which will be…
VEON announces intention to establish new parent holding company in UK
AMSTERDAM: Veon Ltd. (NASDAQ: VEON), a leading global provider of connectivity and internet services, announced its intention to move its group parent company to the United Kingdom, with the introduction of a newly formed UK incorporated public limited company as the top holding company of the Veon Group. It is expected that the new UK…
Etteplan acquires Syncore Technologies to strengthen position in Sweden
ESPOO, FINLAND: Etteplan Oyj has acquired Syncore Technologies AB, a technology services company focusing on embedded systems. This will strengthens Etteplan´s embedded systems project business in Sweden. The acquisition is in line with Etteplan’s growth strategy as it complements our expertise and increases our international presence. As part of the financing of the transaction, Etteplan…
Telstra will invest $1.6bn in telecommunication and fibre network projects
SYDNEY, AUSTRALIA: Telstra will invest $1.6 billion approximately in two major telecommunications infrastructure projects to support the nation’s digital economy and enable unprecedented levels of connectivity across Australia. The two distinct projects are: • Building and managing the ground infrastructure and fibre network in Australia for Viasat, a global communications company. This program will support…
Elkem takes 100% ownership of Salten energy recovery plant
OSLO, NORWAY: Elkem, provider of advanced material solutions, has secured 100% ownership of the Elkem Salten energy recovery plant, after acquiring the remaining 50% stake from Kvitebjørn Energi. The transaction is attractive to Elkem and provides increased strategic flexibility. On 15 November, Prime Minister Jonas Gahr Støre opened the new energy recovery plant at Elkem…