OSLO, NORWAY: Odfjell Technology, a market-leading integrated service provider, has announced its acquisition of McGarian TDC Ltd, a firm specialising in the design of whipstocks, casing & packer milling, fishing & remedial products. Odfjell Technology delivers value from its unique integrated business model and comprehensive portfolio of products. This acquisition will further enhance the product…
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ABL Group to acquire Ross Offshore in a NOK 100 million deal
OSLO, NORWAY: ABL Group has entered into an agreement to acquire 100 percent of the shares of specialist energy consultancy Ross Offshore from Moreld Group. The transaction values Ross Offshore at NOK 100 million (equivalent to USD 9.2 million at current FX rates) on a cash and debt free basis, based on locked box accounts…
The Casino Group sells its 10.15% stake in GreenYellow
PARIS: The Casino Group announces that it has reached an agreement with Ardian and Bpifrance to sell its 10.15% stake in GreenYellow. As an essential and decisive condition of this transaction, all amounts owed between the Casino Group and GreenYellow, resulting notably from the sale of hypermarkets and supermarkets to Groupement Les Mousquetaires and Auchan,…
CGG unveils AI Cloud solution powered by NVIDIA for optimized AI and HPC workloads
PARIS: CGG, a renowned leader in technology and high-performance computing (HPC), has unveiled its innovative AI Cloud solution. This advanced platform is engineered to cater to the burgeoning needs of data-heavy sectors such as life sciences, digital media, manufacturing, and geoscience. The AI Cloud is poised to transform how these industries manage their complex and…
Vår Energi sells Norne area assets and increases stake in Ringhorne East
SANDNES, NORWAY: Vår Energi ASA (OSE: VAR) agrees the sale of its Norne area assets to DNO Norge AS for a fixed after-tax consideration of USD 51 million, and DNO Norge AS will transfer to Vår Energi their stake in the Ringhorne East unit. The transaction with DNO is in line with Vår Energi’s stated…
Rexel to acquire Talley Inc, a US distributor of wireless infrastructure products and solutions
PARIS: Rexel has reached an agreement to acquire Talley Inc, a leading distributor of wireless infrastructure products and solutions in the United States, strongly reinforcing its exposure to the fast-growing data usage trends. Talley provides network infrastructure products to mobile network operators, network installers, infrastructure operators and end-users across the US. Established in 1983 by…
TotalEnergies and SINOPEC deepen ties with new energy pact
PARIS: In a significant move during the Chinese President’s state visit to France, energy giants TotalEnergies and SINOPEC have inked a strategic agreement to enhance collaboration in low-carbon energy sectors. The deal, signed by TotalEnergies’ CEO Patrick Pouyanné and SINOPEC’s Chairman Ma Yongsheng, marks a continuation of their longstanding partnership, which spans operations in Angola,…
Arcavi and Waga Energy commission a RNG production unit in north-eastern France
PARIS: Arcavi, a mixed economy company committed to the sustainable management of waste in the Ardennes region, and Waga Energy (EPA: WAGA), a global expert in the production of Renewable Natural Gas (RNG) from landfills, commissioned a RNG production unit at the waste treatment and recovery site IVEDA in Éteignières (Ardennes, France) on April 26,…
Iktos appoints Roman Fleck as Chairman of the Board
PARIS: Iktos, a company specialized in Artificial Intelligence for new drug design, announced the appointment of Roman Fleck as Chairman of the Board. Yann Gaston-Mathé steps down of his role as Chairman to focus on his CEO duties. Roman Fleck holds an MBA from New York University (Sterne School of Business) and received a PhD…
SmartCraft ASA has acquired SaaS company Clixifix Ltd for GBP 10.2 million
OSLO, NORWAY: SmartCraft ASA has expanded into the UK market and opens a vast market opportunity outside the Nordics through the acquisition of the construction SaaS company Clixifix Ltd. The acquisition adds an annual recurring revenue (ARR) of GBP 2.76 million. The transaction is based on an enterprise value of GBP 10.2 million, which will…
Alexander Masharov nominated for appointment as CEO of Cakba
AMSTERDAM: Cabka N.V., a company specialized in transforming hard to recycle plastic waste into innovative Reusable Transport Packaging (RTP), listed at Euronext Amsterdam, announced that its Supervisory Board will nominate Alexander Masharov for appointment by the shareholders of Cabka as member of the Management Board and Chief Executive Officer (CEO). If appointed, Alexander will succeed…
Arkema acquires Dow’s flexible packaging laminating adhesives business for $150 million
PARIS, FRANCE: Arkema (Paris:AKE) has agreed to acquire Dow’s flexible packaging laminating adhesives business, one of the leading producers of adhesives for the flexible packaging market, generating annual sales of around US$250 million. The proposed acquisition is fully in line with the Group’s strategy to expand in superior technologies and growing markets and constitutes another…