ABU DHABI, UAE: Abu Dhabi National Energy Company (TAQA), Abu Dhabi National Oil Company (ADNOC) and Mubadala Investment Company (Mubadala) have entered into binding agreements for TAQA and ADNOC to purchase stakes in Abu Dhabi Future Energy Company (Masdar) from Mubadala, a bourse filing noted. This is a major milestone towards completing the transaction announced…
Air Liquide signs its biggest Power Purchase Agreement in Netherlands
PARIS, FRANCE: Air Liquide (Paris:AI) has signed its biggest long-term Power Purchase Agreement (PPA) to date with approximately 115 MW of new offshore wind electricity, purchased to Vattenfall in the Netherlands. This PPA comes in addition to a previous agreement announced with Vattenfall in March 2021, expanding the long-term partnership between the two groups. It…
Everfuel and Crossbridge Energy receive grant for HySynergy liquid e-fuels study
FREDERICIA, DEMARK: Everfuel A/S and Crossbridge Energy A/S that they in a collaboration with Aalborg University have received public funding for a technology pre-feasibility study for potential future production of liquid e-fuels in Fredericia, Demark. The total grant amounts to DKK 5.8 million. The funding will be used to part-finance the pre-feasibility study which will…
Elkem acquires KeyVest Belgium to grow specialty business in refractories
OSLO, NORWAY: Elkem ASA has entered into an agreement to acquire KeyVest Belgium S.A, a specialist company in the sourcing of materials and production of metal powders to the refractory industry and other segments including advanced ceramics, a bourse filing noted. This will expand Elkem’s product portfolio and create a platform for further growth. KeyVest…
Atea acquires IT consulting operations in southern and western Sweden
STOCKHOLM, SWEDEN: Atea Sweden has announced that it will acquire the IT consulting operations of Human IT Sverige AB in southern and western Sweden. Consultants within the acquired operations have previously worked as subcontractors for Atea Sweden on a number of projects. The consultants are specialists in “DevOps” – practices which combine software development and…
Smart Metering Systems acquires n3rgy Data Ltd, Clenergy EV Limited,
LONDON, UK: Smart Metering Systems, a fully integrated energy infrastructure company owning and managing meter assets, energy data, grid scale batteries and other carbon reduction (CaRe) assets, is pleased to announce two strategic investments, accelerating the Group’s capabilities in the electric vehicle (EV) charging infrastructure asset class and further expanding its service offering in energy…
B90 Holdings acquires T4U Marketing
LONDON, UK: B90 Holdings plc (AIM: B90), the online marketing and operating company for the gaming industry, has entered into an agreement to acquire, through a wholly owned subsidiary, the remaining 49% of T4U Marketing Ltd, which operates the website tippen4you.com. B90 currently holds a 51% equity interest in T4U, acquired in April 2017, and…
AssetCo agrees to acquire SVM Asset Management for £10.7mn
LONDON, UK: AssetCo (AIM: ASTO), the agile asset and wealth management company, has reached agreement to acquire the entire issued share capital of SVM Asset Management Holdings Limited, the holding company to SVM Asset Management Limited for a total consideration of approximately £10.7 million, a bourse filing noted. The consideration will be satisfied by the…
Ken Gilmartin appointed CEO of John Wood Group
LONDON, UK: John Wood Group announced the appointment of Ken Gilmartin as Chief Executive Officer (CEO), effective from 1 July 2022. Ken’s appointment follows an extensive selection process that considered both internal and external candidates. Following 15 years with Jacobs, Ken joined Wood as Chief Operating Officer in August 2021. In his time at Jacobs,…
Fenix acquires 100% ownership of mid-west haulage business, Fenix-Newhaul
SYDNEY, AUSTRALIA: Fenix Resources (ASX: FEX) has signed definitive agreements with Newhaul Pty Ltd to acquire Newhaul’s 50% interest in Fenix-Newhaul, resulting in the consolidation of 100% ownership of the haulage business into Fenix. Factoring in the cash and equity consideration of the Transaction, the additional cash flows generated from the consolidation of the Company’s…
CountPlus acquires CDC Partners
SYDNEY, AUSTRALIA: CountPlus Limited (ASX: CUP) has announced that subsidiary firm CountPlus One has acquired the business of CDC Partners Pty Ltd, a Sydney-based firm that has provided accounting services since 1987. CDC generated recurring revenues of $500,000 in 2021. As part of the transaction, Gregory Diment, founder of CDC, is expected to remain with…
Mark Heine appointed as EROAD’s new Chief Executive Officer
AUCKLAND, NZ: Transportation technology services company EROAD (NZX/ASX: ERD), confirmed the appointment of Mark Heine as EROAD’s new Chief Executive Officer. The Board began a global search process in late 2021 for a new Chief Executive Officer to allow Steven Newman to step back from the day-to-day responsibility of leading the company. With Steven’s resignation…