PARIS, FRANCE: Atos announced that effective January 1st, 2022, Rodolphe Belmer has assumed office as the Group’s new Chief Executive Officer. Last October Mr Belmer was coopted as Board Member and nominated by the Atos Board of Directors to lead the Group’s transformation. With a wealth of experience and a solid international network, he is…
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Forzacard partners Zwipe to launch biometric cards in Mexico
MEXICO CITY: Zwipe and Forzacard, the leading domestic card manufacturer in Mexico, have agreed to develop and launch biometric cards powered by Zwipe and bring these innovations to banks and organizations looking for the latest solutions based on biometric card-authentication in Central and North America. Forzacard is a Mexico-City based 100% Mexican company, founded in…
3G Capital to acquire 75% stake in Hunter Douglas at €175/share
NEW YORK: Hunter Douglas and 3G Capital announced that Ralph Sonnenberg, the controlling shareholder of Hunter Douglas Group, has entered into a definitive agreement to transfer a controlling interest in the Company to 3G Capital based on a value of €175 per Ordinary Share. Hunter Douglas is the global market leader in window coverings and…
Quantafuel acquires remaining 50% stake in Quantafuel UK
OSLO, NORWAY: Quantafuel has strengthened its position in the UK by acquiring the remaining 50% of the shares in Quantafuel UK, as well as the project companies in Sunderland and Cheshire. Quantafuel ASA has reached an agreement with strategic partner Midas Group AS to acquire the remaining 50% of the shares in Quantafuel UK Ltd,…
Tufton Oceanic buys a Product Tanker and a Handysize Bulker
OSLO, NORWAY: The Board of Tufton Oceanic Assets Limited (ticker: SHIP.L) is pleased to announce that the Company has agreed to acquire a Product Tanker for $30.9m and a Handysize Bulker for $23.6m. The Product Tanker is being acquired at approximately 85% of depreciated replacement cost (“DRC”). It has a fixed rate time charter of…
AS Green Cube and Smart Energy Sweden merge to form Greenbit
OSLO, NORWAY: AS Green Cube Innovation Holding and Smart Energy Sweden Group AB have merged their businesses to create Scandinavia’s leading renewable fuel company. The new company, Greenbit, will have 120 fuel stations in Norway and Sweden in addition to a significant B2B business in both countries. The new group will benefit from economies of…
Neoen’s Bulgana Green Power Hub begins commercial operation
PARIS, FRANCE: Neoen, one of the world’s leading producers of exclusively renewable energy, has achieved full-scale commercial operation of its Bulgana Green Power Hub located in Stawell, Victoria. The hybrid power plant consists of a 204 MW wind farm comprising 56 turbines and a 20 MW / 34 MWh Tesla battery. It has the capacity…
Mohammad Khairil Abdullah appointed CEO of VEON Ventures
AMSTERDAM: VEON Ltd. (NASDAQ: VEON), a leading global provider of connectivity and internet services, announced Mohammad Khairil Abdullah will join the VEON Group as Chief Executive Officer of VEON Ventures. Mohammad Khairil Abdullah is currently with the Axiata Group, a leading mobile operator in South-East Asia. As CEO of Axiata Digital Services, he built and…
Aperam completes EUR 357mn acquisition of ELG
LUXEMBOURG: Aperam, has completed the acquisition of ELG, a global leader in stainless steel and superalloys recycling. The acquisition of ELG has received all necessary regulatory approvals and will further strengthen Aperam’s competitiveness and Environmental-Social-Governance leadership position in the industry. ELG is a global leader in collecting, trading, processing and recycling of stainless steel scrap…
Mutares complete acquisition of Frigoscandia
MUNICH: Mutares SE & Co., a listed private equity holding company, has completed the acquisition of Frigoscandia from Posten Norge. The company further strengthens the Goods & Services segment as a new platform investment and offers multiple add- on opportunities in the Nordics and Mainland Europe in the future. Founded in 1948, Frigoscandia is a…
Zwipe, Easy Pay and KL HI-TECH to pilot biometric payment cards in India
OSLO, NORWAY: Zwipe, KL HI-TECH and Easy Pay will pilot biometric payment cards in India, aiming for commercial launches by summer 2022. Easy Pay is one of the fastest growing payment brands in India whose services are used by over 2 million retail stores and millions of consumers. Zwipe is a fintech pioneering the development…
Groupe Gorgé makes indicative offer to acquire iXblue
PARIS, FRANCE: Groupe Gorgé has submitted a non-binding indicative offer for the acquisition of iXblue, whose activities in maritime, defense, hydrography and drones are complementary to those of its subsidiary ECA Group, which specializes in autonomous robotics. The two companies have been working together for several years, notably on the Belgian-Dutch program. A merger would…