HELSINKI, FINLAND: Ericsson (NASDAQ: ERIC) has entered into an agreement to acquire Vonage Holdings Corp. (NASDAQ: VG) for $21/share representing a total acquisition price of approximately $6.2 billion (Enterprise Value). The merger agreement was approved unanimously by the Board of Vonage. The transaction builds upon Ericsson’s stated intent to expand globally in wireless enterprise, offering…
Author: Chenos Kahn
Meridian agrees to sell Australian business for A$729mn
AUCKLAND; Meridian Energy’s Board has agreed the sale of Meridian’s Australian business to a consortium of Shell Energy Operations Pty Ltd and Infrastructure Capital Group (ICG) for A$729 million. On completion, Shell will become the owner of the retail business, Powershop Australia, while ICG will become the owner of the infrastructure assets (Mt Mercer and…
Adthink and Geniee build a partnership for ad revenue growth
PARIS, FRANCE: Adthink, the French digital marketing specialist, and Geniee, the largest digital advertising supply side platform in Japan, announced a strategic partnership to raise publisher’s revenue. Being the No. 1 SSP (Supply Side Platform) in Japan as well as a proud GCPP (Google Certified Publishing Partner), Geniee has been working closely with over 6,000…
Recticel to sell its bedding business to Aquinos for EUR 122.4mn
BRUSSELS, BELGIUM: Recticel has entered into a binding agreement to sell its bedding business line to the Portuguese privately owned Aquinos Group. Under the terms of the agreement the bedding business line, will be sold to the Aquinos Group for an enterprise value of EUR 122.4 million. The transaction is expected to be closed in…
Måsøval to buy Vartdal Gruppen at enterprise value of NOK 1.52bn
OSLO, NORWAY: Måsøval AS has entered into a share purchase agreement with Vartdal Invest AS to acquire 100% of the shares in Vartdal Gruppen comprising Aquafarms Vartdal AS, Vartdal Fiskeoppdrett AS, Urke Fiskeoppdrett AS, Western Seaproducts AS and Vartdal Fryseri AS. Vartdal Gruppen is a fully integrated salmon farmer with four licenses for production of…
LINK to acquire Italian based chatbot company Matelab Srl
OSLO, NORWAY: LINK Mobility (LINK) has entered into a definitive agreement to acquire Italian based chatbot company Matelab Srl. The acquisition will immediately strengthen LINK’s omnichannel offering through enhanced conversational messaging capabilities with Contact Centre as a Service (CCaaS) and chatbot competencies. The company’s core offerings are the proprietary advanced conversational AI and NLP-driven software,…
Höegh Autoliners intends to list on Euronext Growth Oslo
OSLO, NORWAY: Höegh Autoliners ASA announced intention to launch a private placement of new shares in the company and to list the company’s shares on Euronext Growth Oslo. Höegh Autoliners is one of the leading global providers of deep-sea RoRo transportation services, operating a fleet of around 40 Pure Car and Truck Carriers (PCTC) sailing…
ENGIE and Crédit Agricole acquire 97.33% stake in Eolia Renovables
PARIS, FRANCE: ENGIE and Crédit Agricole Assurances have reached an agreement to acquire a 97.33% stake of Eolia Renovables, one of the largest renewable power producers in Spain. The seller is Canadian institutional investment manager, Alberta Investment Management Corporation. The transaction covers the ownership and operation of 899 MW of operating assets (821 MW onshore…
ID Logistics acquires GVT Transport & Logistics for €80 million
PARIS, FRANCE: ID Logistics, one of the European leaders in contract logistics, announced the acquisition of 100% of GVT Transport & Logistics. The transaction is based on a purchase price with an enterprise value of €80 million and will be fully paid in cash. ID Logistics will keep a sound financial structure with a leverage…
Tomra Systems sells 49% stake in UltrePET for $11mn
OSLO, NORWAY: Tomra Systems has entered into an agreement for the sale of its 49 % stake in UltrePET LLC to Evergreen Recycling LLC. The sales price of $11 million is expected to generate a gain of $5 million and will be reported as “profit from associates” in 4th quarter of 2021. UltrePET is a…
Hexatronic plans SEK 500mn share sales to fund expansion
STOCKHOLM, SWEDEN: Hexatronic Group AB announced intention to carry out a directed share sales of approximately SEK 500 million to Swedish and international institutional investors to increase financial flexibility for further acquisitions and expansion in U.S. Hexatronic has engaged ABG Sundal Collier AB and Pareto Securities AB to act as Joint Bookrunners in connection with…
Edda Wind plans NOK 875 million IPO on Oslo Stock Exchange
HAUGESUND, NORWAY: Edda Wind ASA announced intention to launch an offering of shares in the Company (IPO) and to apply for a listing on the Oslo Stock Exchange. The IPO will comprise an offering of new shares in the Company, expected to raise gross proceeds of NOK 875 million. The IPO will support the Company’s…