PARIS: Schneider Electric signed agreement to acquire a strategic minority stake in Uplight Inc., the technology partner of energy providers transitioning to clean energy, a news release said. The transaction values Uplight at c.$1.5 billion around 10x expected 2021 revenue. Uplight expects significant revenue growth in the coming years. Uplight, a certified B Corporation, has…
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Arcadis finds U.S., Singapore, and Japan most attractive places to build data centers
AMSTERDAM: Arcadis announced the release of its Data Center Location Index 2021, which lists the most favorable markets for localization. Following the United States, Singapore and Japan, Sweden and Norway took the fourth and fifth spots, respectively. The Arcadis Data Center Location Index 2021 includes 50 markets across six continents ranking optimal places to build…
Euronext to complete Borsa Italiana acquisition in the first half of 2021 as EC approval received
AMSTERDAM: Euronext confirmed on Friday the European Commission (EC) approved Euronext’s contemplated acquisition of the Borsa Italiana Group. This approval further improves the certainty of execution of the transaction, by satisfying an additional major condition for the completion of the Transaction. Borsa Italiana, based in Milan, is Italy’s stock exchange. It manages and organises domestic…
Greencoat Renewables agrees to buy 89.6MW Cordal Wind Farm
DUBLIN: Greencoat Renewables PLC, the renewable infrastructure company invested in euro-denominated assets, signed agreement to acquire Cordal wind farm from Cubico Sustainable Investments, a global renewable energy investor and operator. The wind farm is located in Co. Kerry, Ireland, and consists of 28 3.2MW GE turbines that reached full commercial operations in May 2018. The…
SES extends long-term partnership with Sky UK
PARIS: Sky UK has extended its contract with SES for satellite capacity in a new agreement that will add over EUR 90 million in secured backlog, a news release said. This renewal is in addition to capacity already under contract that extends through 2027. By the end of the renewed contract, Sky UK will have…
Golar LNG Partners LP unitholders approve merger
OSLO: Unit holders of Golar LNG Partners LP (GMLP) voted on and approved the Agreement and Plan of Merger among GMLP, Golar GP LLC, New Fortress Energy Inc. (NFE), Lobos Acquisition LLC and NFE International Holdings Limited. Pursuant to the Merger Agreement NFE has agreed to acquire all of the outstanding common units and general…
Atos completes acquisition of cybersecurity services company Motiv
PARIS: Atos has completed the acquisition of Motiv ICT Security, the largest independent Managed Security Services (MSS) provider in the Netherlands, a news release said. This move reinforces Atos’s position as the 3rd worldwide Managed Security Services provider1 by strengthening the Group’s local capabilities and bringing its recent investment in the Managed Detection and Response…
Total farms down two portfolios of renewable assets in France
PARIS: Total SE, through Total Quadran – its 100% renewable electricity production subsidiary in France, farms down respectively to Banque des Territoires and Crédit Agricole Assurances half of its equity in two portfolios of renewable projects. Crédit Agricole Assurances acquires a 50% stake in a portfolio consisting of 9 wind farms (103 MW) and 44…
Atos International completes the acquisition of Profit4SF
UTRECHT: Atos International has completed the acquisition of Profit4SF, a Dutch-based technology and management consulting company specializing in Salesforce enterprise implementations for its customers across the Netherlands, a news release said. With this transaction, Atos re-affirms its ambitions to grow its expertise on Salesforce technologies across the globe, following the acquisitions of Eagle Creek and…
Arcadis starts buyback program to repurchase up to 1.85 million shares
AMSTERDAM: Arcadis announced the start of a share buyback program to repurchase up to 1.85 million shares to cover existing obligations under employee incentive plans and to cover commitments for stock dividend. The intention to launch this buyback program was announced in the press release of the full year results 2020, published on 18 February…
Circa Group contemplates milestone capital raise and listing on Euronext Growth
OSLO: Circa Group AS is contemplating capital raise of up to NOK 500 million in addition to a NOK 75 million over-allotment option, with listing on Euronext Growth in Oslo on or about 2 March 2021, a news release said. Norske Skog has pre-committed to invest NOK 50 million in the capital raise and has…
Everfuel joins cooperation developing a European hub for green fuels
HERNING: Everfuel A/S announced its participation in a cooperation developing a European hub for green fuels in Trekantomraadet, or the Triangle Region, made up of seven municipalities on the Danish peninsula of Jutland. Everfuel’s HySynergy project in Fredericia, expected to be operational from mid-2022, is a leading facility in the hub and planning for the…