MADRID, Spain: Arendals Fossekompani has entered into an agreement with European energy company MET Group for the sale of Cogen Energia, a news release said. The agreement signed in Arendal and Madrid today, transfers full ownership of Cogen Energia from Arendals Fossekompani to MET Group. The financial details are not disclosed, but Arendals Fossekompani expects…
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TotalEnergies buys EV charging network in Singapore
PARIS, FRANCE: TotalEnergies has signed with Bolloré Group for the acquisition of Blue Charge, the largest electric vehicle (EV) charging network in Singapore, with more than 1,500 charge points installed in the city-state. This urban charging network represents around 85% of the charge points currently under operation in Singapore, accessible to electric vehicles’ owners as…
AKKA Technologies and Modis unite to lead global engineering R&D market
PARIS, FRANCE: AKKA Technologies intend to combine AKKA with Modis to create a leading player in the global engineering R&D market, a news release said. Mauro Ricci, Chairman and CEO of AKKA, commented: “Today marks a turning point in AKKA’s history as we announce the creation of the number 2 global player in the smart…
Atos has completed the acquisition of IDEAL GRP
PARIS, FRANCE: Atos has completed the acquisition of IDEA GRP, a Product Lifecycle Management (PLM) system integrator and platinum-level solution partner of Siemens Digital Industries Software, headquartered in Finland. IDEAL GRP offers consulting, integration, software and maintenance services for businesses in the manufacturing sector. The acquisition will add a highly skilled team of approximately 100 experts…
Mutares receives a put option to sell Norsilk to Protac
MUNICH: Mutares SE & Co. has received a put option for the sale of Norsilk to Protac, part of Groupe Rose, a news release said. If this option is accepted after the opinion of the works council, the closing of the transaction could occur during the third quarter of 2021. Norsilk was acquired from the…
Artefact to sell controlling stake to Ardian Expansion for EUR 138.84 million
PARIS, FRANCE: The shareholders of Artefact entered into exclusive negotiations regarding a potential acquisition by Ardian Expansion of 17.811 million ordinary shares (controlling block), representing 52.09% of the share capital and 52.09% of voting rights of Artefact, for a price of 7.8 euros per ordinary share, a news release said. As part of the acquisition…
TotalEnergies signs renewable power purchase agreement with Air Liquide
PARIS, FRANCE: TotalEnergies, through Lampiris, its energy supply affiliate in Belgium, signed a Corporate Power Purchase Agreement with Air Liquide. TotalEnergies will supply 50 GWh per year of renewable electricity over a period of 15 years. Air Liquide will use this renewable energy to power some of its industrial and medical gas production sites in…
LISI Group acquires B&E Manufacturing
PARIS, FRANCE: LISI Group has signed an agreement to acquire 100% of the shares of B&E Manufacturing. B&E Manufacturing, based in Garden Grove, California, manufactures precision quality hydraulic tube fittings used in conjunction with Aerospace, Commercial and Military applications. The company was founded in 1981 by Larry Solinger and has grown since then as a key player in the hydraulic…
Nel ASA joins PosHYdon consortium
OSLO, NORWAY: Nel ASA joined the consortium agreement for the PosHYdon project, which aims to validate the integration of offshore wind, natural gas, and hydrogen, offshore the Netherlands. Nel will provide a MW-scale PEM electrolyser for the project.PosHYdon seeks to validate the integration of three energy systems in the Dutch North Sea: offshore wind, offshore…
CGG and PGS sign MoU to develop multi-client data collaboration for CO2 storage
PARIS, FRANCE: CGG and PGS have signed a Memorandum of Understanding (MoU) with a view to combining their seismic multi-client products and technical capabilities applied to the Carbon Capture Utilization and Storage (CCUS) industry. The ambition is to join forces and unlock the value of existing seismic data for carbon storage evaluation. Together, the companies…
Capgemini and CONA partner to develop tomorrow’s digital solutions
PARIS, FRANCE: Capgemini and CONA Services have agreed to a long term co-development and go to market partnership, to build and power a new set of consumer products, retail, and distribution (CPRD) digital solutions, a news release said. This new strategic partnership will provide the agility, speed and insights required for enterprises integrated with top…
Aki Hussain appointed Group CEO of Hiscox Limited
HAMILTON, BERMUDA: Specialist global insurer Hiscox Limited announced that after 21 years as Group Chief Executive, Bronek Masojada has informed the Board of his intention to retire at the end of the year. Following a thorough succession process, the Board has appointed Aki Hussain, currently Group Chief Financial Officer, as Group Chief Executive from January…