BERGEN: Digital Diagnostics AG’s (Digid) management has filed for bankruptcy at the district court of Mainz. The filing was delivered without any prior information to or discussion with the Digid Supervisory board, a news release said. The joint venture agreement regarding Digid provides protection of Lifecare’s interests, including Lifecare IP rights, in the event of…
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Alstom announces acquisition of Flertex
PARIS: Alstom has acquired Flertex, a group specialised in the design and manufacture of brake linings (pads and shoes) for braking systems, particularly for the rail industry but also for other industrial applications, a news release said. This acquisition expands and strengthens Alstom’s expertise in braking systems, a key element in the overall technical performance…
CNES and Capgemini step up cooperation on major climate challenges
PARIS: CNES President Jean-Yves Le Gall and Capgemini CEO Aiman Ezzat met to discuss the strategic issues of digital transformation and corporate social responsibility (CSR) – key priorities for both organizations – at CNES’s Head Office, where they underlined their desire to make the European space sector a key accelerator driving moves towards a sustainable…
VINCI to acquire ACS’ energy business at an enterprise value of €4.2 billion
PARIS: VINCI has announced the signing of an agreement to acquire ACS’s energy business. The transaction price is based on an enterprise value of €4.2 billion. The transaction price is based on an enterprise value of €4.2 billion. It leads to an estimated purchase price at closing of c. €4.9 billion, assuming a closing at…
LafargeHolcim acquires Firestone Building Products
PARIS: LafargeHolcim announced that its Holcim Participations (US) Inc. subsidiary has successfully completed the acquisition of Firestone Building Products, following all regulatory approvals. The transaction closed earlier than expected due to smooth collaboration with Bridgestone and all 1,900 employees will be joining LafargeHolcim. Jan Jenisch, LafargeHolcim CEO: “I warmly welcome the Firestone Building Products team…
Mutares SE & Co. completes acquisition of Primetals Technologies France and Ericsson Services Italia
MUNICH: Mutares SE & Co. KGaA has completed the acquisition of Primetals Technologies France from Primetals Technologies, Ltd. The company will from now on operate under the new name Clecim France. Clecim France is a leading global supplier of high-end steel processing line solutions based in Savigneux, France. With close to 250 employees, efficient production…
Orkla acquires India based Eastern Condiments Private Limited for NOK 2.4 billion
OSLO: Orkla ASA has completed the purchase of 67.82 percent of the shares in India based Eastern Condiments Private Limited at an enterprise value of NOK 2.4 billion. With this acquisition, Orkla will be a major employer in India, owning nine factories in six states which cater to the whole of India as well as…
Special General Meeting of Höegh LNG approves proposed amalgamation
HAMILTON: Höegh LNG Holdings Ltd. announced the shareholders of Höegh LNG voted on and approved the amalgamation and delisting of shares. As previously announced, Leif Höegh & Co. Ltd. (LHC) and Funds managed by Morgan Stanley Infrastructure Partners (MSIP) will, through a 50/50 joint venture, Larus Holding Limited (JVCo), acquire the remaining issued and outstanding…
Ocean Sun and MP Quantum to develop floating solar in Greece and Cyprus
OSLO: Ocean Sun has signed an agreement with MP Quantum Group (MP) to develop floating solar based on Ocean Sun’s proprietary technology in Greece and the Republic of Cyprus, a news release said. “We are pleased to enter this collaboration with one of the most well-reputed business families in Greece. MP has a strong team…
Nexans appointed to connect Empire Wind offshore projects to New York onshore grid
PARIS, FRANCE: Nexans has signed a preferred supplier agreement (PSA) with Empire Offshore Wind LLC to electrify the future of New York State by connecting the Empire Wind offshore projects to the onshore grid, a news release said on Tuesday. The turnkey projects cover the full design and manufacturing, as well as the laying and…
Kersten Hulpmiddelen acquires FullMobility
AMSTERDAM: Value8 NV’s portfolio-company Kersten (a provider of medical aids) has acquired FullMobility, a news release said adding FullMobility will become part of the new group from 1 April 2021. The acquisition fits very well in Kersten’s growth strategy. Both companies see a perfect fit in terms of strategy, DNA, client focus and dedication to…
Tekna Holding listed on Euronext Growth Oslo
ARENDAL: Tekna Holding AS (Tekna, OSE:TEKNA), the world-leading provider of advanced materials to industry, today began trading on Euronext Growth Oslo, a multilateral trading facility operated by the Oslo Stock Exchange. Oslo Stock Exchange CEO Øivind Amundsen rang the opening bell in Oslo, with Tekna employees from across the world following the event online. Tekna…