OSLO, NORWAY: Virgin Group and Agilyx are forming a strategic partnership to research and develop lower carbon fuel facilities to help address plastic pollution and the global transition to net zero. Virgin Group and Agilyx aim to reuse plastic waste to produce synthetic crude oil that will then be refined into a lower carbon fuel….
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Focus Home Interactive acquires video game developer Leikir Studio
PARIS, FRANCE: Focus Home Interactive announced the acquisition of video game developer Leikir Studio. Based in Paris and made up of around twenty passionate creators, Leikir Studio thus becomes the 5th development studio to integrate with Focus. The Group is also strengthening through the recruitment of four new talents who will come to occupy strategic…
ID Logistics to buy US based Kane Logistics at enterprise value of $240mn
PARIS, FRANCE: ID Logistics has agreed to acquire 100% of Kane Logistics, an American pure player in contract logistics. At closing, the transaction will be based on an enterprise value of $240 million and will be settled entirely in cash. The transaction remains subject to the approval of the competent US antitrust authorities (Hart-Scott-Rodino Antitrust…
Otovo has launched battery offering in Sweden
OSLO, NORWAY: Following the battery launches in Italy in Q2 2021, Spain in Q3 and Germany in Q4, Otovo is now making home energy storage available to consumers in the Swedish market. “For Swedish consumers this will now be a way to add 5-22kWh of storage to their solar systems, meaning they can typically run…
Hexagon will supply high-pressure hydrogen cylinders to Reliance Industries
OSLO, NORWAY: Hexagon Purus, a world leading supplier of zero emission mobility solutions, has received its first orders for Type 4 high-pressure hydrogen cylinders from Reliance Industries Limited, India’s largest private sector company. The hydrogen cylinders will be used as prototypes in pilot projects for automotive and back-up power solutions and represents Hexagon Purus’ first…
Hexagon to supply Hino Motors with $1.0bn worth of battery packs
OSLO, NORWAY: Hexagon Purus has signed a long-term binding letter of intent (LOI) with Hino Motors Manufacturing U.S. Inc. to provide battery packs for multiple Hino truck platforms with serial production planned from 2024. The total sales value over the life of the agreement is estimated at USD 1 billion (approx. NOK 9 billion). This…
HSBC acquires AXA Singapore for $529mn
PARIS, FRANCE: AXA announced that it has completed the sale of AXA Insurance Pte Ltd (AXA Singapore) to HSBC Insurance (Asia-Pacific) Holdings Ltd (HSBC), for a total cash consideration of USD 529 million. The AXA Group is a worldwide leader in insurance and asset management, with 153,000 employees serving 105 million clients in 54 countries….
Renault, Valeo & Siemens to develop new-generation automotive electric motor
PARIS, FRANCE: Renault Group, Valeo and Valeo Siemens eAutomotive have signed a memorandum of understanding to form a strategic partnership for the design, co-development and manufacture in France of a new-generation automotive electric motor, eliminating the use of rare earths. The three partners will combine their know-how and recognized expertise to design a unique electric…
IMCD Brasil agrees to acquire Polyorganic Tecnologia
ROTTERDAM, THE NETHERLANDS: IMCD N.V. announced that IMCD Brasil has signed an agreement to acquire 100% of the shares of Polyorganic Tecnologia Ltda. “Polyorganic’s technical capabilities, market expertise and strong product portfolio are an excellent fit with IMCD and complements our growing presence in the HI&I market,” said Nicolas Kaufmann, Managing Director, IMCD Brasil. “Sanitation…
Cyclyx signs MoU to form the Houston Recycling Collaboration
OSLO, NORWAY: Cyclyx International, a consortium feedstock management joint venture founded by Agilyx and ExxonMobil, has signed a memorandum of understanding between City of Houston, ExxonMobil, LyondellBasell, and FCC Environmental Services to form the Houston Recycling Collaboration. This new collaboration between government, industry, and the community aims to make a step change in Houston’s plastics…
Equinor commences first tranche of 2022 share buy-back programme
OSLO, NORWAY: Equinor (NYSE: EQNR) commences on 10 February 2022 the first tranche of around USD 1 billion, of the share buy-back programme for 2022, as announced at today’s Capital Markets Update, 9 February 2022. The first tranche of the share buy-back programme for 2022 is USD 1 billion, including shares to be redeemed from…
Netoil Capital to acquire 50% in Bluegreen Mozambique Mineracao
OSLO, NORWAY: Netoil Capital Ltd. has reached agreement with Bluegreen Holding SA. (BGH) for the acquisition of 50% of shares in Bluegreen Mozambique Mineracao e Servicos Lda (BMMS), against the issue 40 million NOC shares. The agreement and share issue is conditional on BMMS receiving final production permit. BGH’s assets consist of an interest in…