PARIS: LACROIX has announced the sale of its City-Mobility segment to the SWARCO group, following exclusive negotiations that began on December 12. The transaction is expected to be completed in the first quarter of 2025. The sale includes the Traffic and V2X business units, which generated €27.3 million in revenue in 2023, representing 3.6% of…
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Maurel & Prom enters agreement to acquire 40% interest in Sinu-9 Gas License in Colombia
PARIS: Maurel & Prom S.A. (“M&P”) announced Monday that it has signed a letter of intent with NG Energy International Corp. (“NG Energy”), a company listed on the TSX Venture Exchange of Toronto, to acquire a 40% operated working interest in the Sinu-9 gas license in Colombia for $150 million, effective February 1, 2025. Olivier…
Hamilton Global Opportunities increases investment in Exos Financial, completes investment in Antaria Holding
PARIS: Hamilton Global Opportunities plc (Paris: ALHGO) has announced that it has increased its investment in Exos Financial by subscribing to a convertible loan note, raising its total commitment to the US-based financial institution platform to $9 million. Additionally, HGO has completed a €4 million investment into Antaria Holding (Ireland) Limited. Exos Financial, founded in…
Mobilize acquires stake in Free To X to expand Italy’s high-power charging network
PARIS: Mobilize, a Renault Group brand dedicated to new mobilities, and Free To X, a subsidiary of Autostrade per l’Italia, have announced a transaction that aims to accelerate the deployment of a high-power charging network across Italy. Through this project, Mobilize is set to acquire a significant stake in Free To X, Autostrade per l’Italia’s…
Bureau Veritas acquires Versatec Energy to bolster renewables push
PARIS, FRANCE: Bureau Veritas, the global testing, inspection, and certification giant, announced today the acquisition of Versatec Energy B.V., a Dutch technical advisory firm specializing in the offshore and onshore energy sectors. This strategic move aligns with Bureau Veritas’ LEAP | 28 strategy, aiming to strengthen its foothold in the rapidly growing renewables market and underscore…
Saint-Gobain and Boralex sign a long-term renewable electricity purchase agreement in France
PARIS: Boralex Inc. (TSX: BLX) and Saint-Gobain (EPA: SGO) have announced the signing of a 20-year renewable electricity purchase agreement (“Power Purchase Agreement” or PPA) in France, involving three power plants developed, built, and operated by Boralex. The combination of wind and solar technologies will provide Saint-Gobain’s industrial operations in France with a renewable electricity…
InPost has acquired remaining 70% stake in Menzies for £60.4 million
AMSTERDAM: InPost Group has acquired the remaining 70% stake in Menzies Distribution Limited in an all-cash transaction valued at £60.4 million. The transaction concerns Express and Newstrade segments. The third segment, MDS, responsible mainly for full load transport and warehousing was demerged from Menzies and is not the part of the transaction. It will continue…
Wilh. Wilhelmsen Holding increase stake in Treasure ASA to 84.09%
BRUSSELS: Wilh. Wilhelmsen Holding ASA has bought a further 7 shares in Treasure ASA for a total consideration of NOK 201 million (USD 19 million). Following the latest transaction, Wilh. Wilhelmsen Holding ASA owns 172 million shares in Treasure ASA, representing 84.09% of the shares issued. Founded in Norway in 1861, Wilhelmsen is now a…
TotalEnergies will supply 200,000 tons per year of LNG to HD Hyundai Chemical until 2033
PARIS: In line with its strategy to grow its long-term liquefied natural gas (LNG) sales, TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) announces the signing of a Heads of Agreement (HoA) with HD Hyundai Chemical for the delivery of 200,000 tons of LNG per year for 7 years starting from 2027. Thanks to this agreement, with prices indexed…
TotalEnergies commences production from Fenix gas field in Southern Argentina
PARIS: TotalEnergies (Paris:TTE) announced the start of production from the Fenix gas field, located 60 km off the coast of Tierra del Fuego in Southern Argentina. The Fenix field is part of the Cuenca Marina Austral 1 (CMA-1) concession, in which TotalEnergies holds a 37.5% operated interest, alongside its partners Harbour Energy (37.5%) and Pan…
KONGSBERG to sell steering gear and rudder business Norvestor
OSLO: KONGSBERG has signed an agreement to sell its steering gear and rudder business, currently part of the Propulsion and Handling division in Kongsberg Maritime. This is in line with Kongsberg Maritime’s strategy towards decarbonisation of shipping with its integrated systems and increased focus on electrification and digitalisation of the entire product portfolio. “We are very pleased…
SPIE signs agreement to acquire 87% of Otto Life Science Engineering GmbH
PARIS, FRANCE: SPIE, the independent European leader in multi-technical services in the areas of energy and communications, announces the signature of an agreement to acquire c.87% of Otto Life Science Engineering GmbH in Germany. SPIE expects to close the transaction in Q3 2024, subject to customary closing conditions among which German antitrust approval. Gauthier Louette,…