Construction projects are one of the most common things people do to their homes. It’s not uncommon for someone to upgrade their kitchen, install a new roof or build an addition on. However, there are some important steps that need to be taken before starting any construction project. If you want your project to go…
Majorel Luxembourg enters Croatia, further extends nearshore capabilities
LUXEMBOURG: Majorel Group Luxembourg has entered a new country – Croatia – further extending its nearshore delivery capabilities in the EMEA region. The new site in Zagreb, Croatia’s capital city, is expected to bring hundreds of new jobs to the region, primarily serving Majorel’s Global Internet clients. A key factor in Majorel’s location strategy is…
Green Landscaping Group buys Hermansen Maskin AS
STOCKHOLM, SWEDEN: Green Landscaping Group has acquired Hermansen Maskin AS, which strengthens its market position in Norway. The acquisition of Hermansen Maskin AS is Green Landscaping Group’s 9th acquisition in Norway. The company is well known in its market for high quality as well as recurring and satisfied customers. Hermansen Maskin is an entrepreneurial company…
Exclusive Networks acquires Africa-based Networks Unlimited
PARIS, FRANCE: Exclusive Networks, a cybersecurity specialist for digital infrastructure, has completed its acquisition of Networks Unlimited. Networks Unlimited is a major regional value-added distributor serving 38 national markets in Africa with cybersecurity and infrastructure solutions. The acquisition establishes Exclusive Networks’ first presence in sub-Saharan Africa, expanding its global footprint and providing new opportunities for…
Royal Dutch Shell commences $1.5 billion of share buybacks
AMSTERDAM: Royal Dutch Shell commenced up to $1.5 billion of share buybacks, being the first tranche of the $7 billion shareholder distributions from the sale of the company’s Permian business in the United States. The form and timing for distributing the remaining $5.5 billion (together with any unpurchased amount of the $1.5 billion of shares…
Production started at Quantafuel’s new recycling line in Kristiansund
OSLO, NORWAY: With a strong demand for high-quality recycled plastic material, Quantafuel completed the new sorting line and are on track with the expansion of recycling plant in Kristiansund. “We have successfully been feeding plastic in the new sorting line since mid-November,” a news release noted. Quantafuel’s recycling plant in Kristiansund has now completed its…
Dogger Bank C reaches £3 billion financial close
LONDON, UK: SSE Renewables, together with its joint venture partner Equinor, has reached financial close on Dogger Bank C, the third phase of what will be the world’s largest offshore wind farm. The two companies are already constructing the first two phases of Dogger Bank Wind Farm, a ground-breaking project off the north east coast…
Orchard Funding Group acquires Orchard Bond Finance
LONDON, UK: Orchard Funding Group, the finance group which specialises in insurance premium finance and the professions funding market, has acquired Orchard Bond Finance. Orchard Bond Finance is a dormant shell company which was acquired for nominal consideration from the Group’s CEO and Orchard Bond Finance’s sole shareholder, Ravi Takhar. The Acquisition does not constitute…
FW Thorpe buys Ratio Electric B.V. in Netherlands for €6.8mn
LONDON, UK: FW Thorpe has acquired 50% of the share capital of Ratio Electric B.V. in the Netherlands, a specialist in electrical power connection and distribution systems. FW Thorpe has paid a consideration of €6.8m (circa £5.8m) funded from the Company’s existing cash reserves. The acquisition is expected to enhance earnings per share in the…
Residential solar marketplace, Otovo launches in Germany
OSLO, NORWAY: Otovo, Europe’s leading marketplace for residential solar, has launched in Germany. In the span of 12 months Otovo has successfully launched in three new European markets: Poland (Dec 2020), Italy (Apr 2021), and now Germany (Dec 2021). With the German launch, Otovo consolidates its position as Europe’s leading marketplace for solar installations for…
KPG signs sale and purchase agreement with IKEA
AUCKLAND: Kiwi Property has reached a conditional agreement with IKEA to sell the retailer 3.2 hectares of land at Sylvia Park. The parcel of land is located on Te Ahoterangi Rise, immediately adjacent to the east of the shopping centre. Kiwi Property Chief Executive Officer, Clive Mackenzie, says the agreement is an important step towards…
Supermarket Income REIT buys Sainsbury’s supermarket for £75.8 million
LONDON, UK: Supermarket Income REIT bought a Sainsbury’s supermarket in Cannock, Staffordshire, from a client of CBRE Investment Management for £75.8 million (excluding acquisition costs), representing a net initial yield of 4.0%. The Sainsbury’s store opened in 1997 and was extensively refurbished in 2011. This 9.1 acre site comprises a 73,000 sq ft net sales…