PARIS, FRANCE: STOA, an investment fund specialized in infrastructure projects in developing and emerging countries, is acquiring a 33% equity stake in the SSM1&2 solar plant, Voltalia’s 320 megawatt solar power plant in Brazil. Voltalia is an international player in renewable energies. STOA has become a 33% shareholder in the company that owns the SSM1&2…
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Kerlink & VIoT Group deploying Vietnam’s nationwide LoRaWAN and Helium Blockchain
PARIS, FRANCE: Kerlink and VIoT Group announced their partnership to rollout Vietnam’s first nationwide LoRaWAN IoT network, and VIoT’s plan to support Helium’s “The People’s Network”. Launched in 2017, VIoT introduced IoT smart-city applications in Vietnam in 2018 with a LoRaWAN streetlighting project and has expanded its offer to vertical-market applications such as smart metering…
Atea Denmark acquires KMD’s hardware and software business
OSLO, NORWAY: Atea Denmark has entered an agreement to acquire KMD’s hardware and infrastructure software business. The acquired business sells hardware and standard software to customers primarily in the Danish market. The business has 24 employees across three office locations in Denmark. KMD’s hardware and software business portfolio has three-digit million in sales and is…
Solvay to split into two independent publicly traded companies
BRUSSELS, BELGIUM: Solvay,a Belgian multinational chemical company, is reviewing plans to separate the company into two independent publicly traded companies to unlock value. EssentialCo would comprise leading mono-technology businesses including Soda Ash, Peroxides, Silica and Coatis, which are reported as the Company’s Chemicals segment, as well as the Special Chem business. These businesses generated approximately…
Atyab Tahir appointed CEO of JazzCash
AMSTERDAM: VEON Ltd. (NASDAQ: VEON), a leading global provider of connectivity and internet services, announces the appointment of Atyab Tahir as Chief Executive Officer of JazzCash, the number one digital financial services provider in Pakistan and a division of Jazz, a VEON Group company that is Pakistan’s leading mobile services provider. Atyab is currently Country…
Kering Eyewear acquires Maui Jim Inc.
PARIS, FRANCE: Kering Eyewear, a global Luxury group that develops a series of renowned Houses in Fashion, Leather Goods and Jewelry, has signed an agreement to acquire Maui Jim Inc., one of the world’s fastest-growing high-end eyewear companies. Founded in 1987, Maui Jim is the world’s largest independently owned high-end eyewear brand with a leading…
Soitec announces new silicon carbide wafers making facility in France
BERNIN, FRANCE: Soitec (Euronext Paris), a world leader in the design and production of innovative semiconductor materials, announced a new fabrication facility at its headquarters in Bernin, France, primarily to manufacture new silicon carbide wafers which respond to key challenges of the electric vehicle and industrial markets. The extension will also support Soitec’s 300-mm Silicon-on-Insulator (SOI) activities. The factory…
Cool Company Ltd. – Third completion of vessel acquisitions
OSLO, NORWAY: Cool Company Ltd. announced that the third of eight acquisitions of modern LNG tankers from Golar LNG Limited was completed on, 9 March, 2022. The third completion covered all of the shares in Golar’s subsidiary, Golar Hull M2021 Corp., which is the owner of the LNG tanker “Golar Seal”. The purchase price was…
Schlumberger opens INNOVATION FACTORI in Houston
PARIS, FRANCE: Schlumberger has expanded its successful INNOVATION FACTORI network with the opening of a new center in Houston, Texas. INNOVATION FACTORI enables customers to accelerate the development and deployment of enterprise-scale AI and digital solutions, in the context of their unique business challenges, spanning exploration to production and new energy systems. “At INNOVATION FACTORI,…
Wolters Kluwer to acquire IDS serving mortgage and real estate industry
AMSTERDAM: Wolters Kluwer Governance, Risk & Compliance (GRC) has signed an agreement with The Reynolds and Reynolds Company to acquire International Document Services Inc. (IDS), a leading U.S. provider of compliance and document generation software solutions for the mortgage and real estate industry, for approximately $70 million in cash. IDS will become an integral part of GRC’s Compliance Solutions business, a leading provider of compliance software for U.S. banks, lenders, credit unions, insurers,…
Dassault Systèmes suspends new business in Russia and Belarus
PARIS, FRANCE: Russia’s invasion of Ukraine is a disaster in every regard and triggers unprecedented turmoil. Many people at Dassault Systèmes have personal, professional and family bonds with Ukraine. This human tragedy resonates with our entire company. Dassault Systèmes strongly stands for peace. We stand in solidarity with the people of Ukraine. Dassault Systèmes has…
Simplifai awarded second large public archiving project
OSLO, NORWAY: Sandefjord municipality has entered into an archive optimization project with Simplifai and its cooperation partner Documaster. Simplifai is Elop’s AI business unit. Sandefjord municipality has used Documaster as its prime archive and information management hub for years. However, the data and documents need an improvement in classification and meta data to support the…