PARIS, FRANCE: SPIE, the independent European leader in energy and communications services, has announced the acquisition of c.92% of ICG Group, a leading provider of telecommunication infrastructure in Germany. The deal, valued at 9.1 times ICG Group’s 2023 earnings before interest, taxes, depreciation and amortization (EBITA), will allow SPIE to enter the market for 5G…
Tag: Germany
Hansen Technologies acquires German software firm powercloud GmbH for EUR 30m
SYDNEY, AUSTRALIA: Hansen Technologies Limited (ASX: HSN) has announced that it has acquired 100% of the security interests of powercloud GmbH for an equity value of EUR 30m (~AUD $49m). powercloud GmbH is a leading provider of billing and customer management software products for utility companies and regional municipalities in Germany. According to a company…
Epsilon Advanced Materials acquires German cathode technology center
Epsilon Advanced Materials (EAM), a global EV battery materials provider, has acquired a cathode active material technology center in Moosburg, Germany, from Johnson Matthey. The center specializes in producing lithium-ion phosphate (LFP) and lithium manganese iron phosphate (LMFP) cathode materials, which are safer, cheaper, and more durable than other types of cathode materials. With this…
Nokia to invest €360 million in chip design for 6G and AI
ESPOO, FINLAND: Nokia announced today that it will invest €360 million in software, hardware and chip design at its Ulm and Nuremberg sites in Germany. The investment is part of a four-year project funded by the German government and the states of Baden-Württemberg and Bavaria. The project aims to develop high-performance systems-on-chips based on a…
Gore Street acquires 90% stake in a 28 MWh operational energy storage asset in Germany
LONDON, UK: Gore Street has completed the acquisition of a 90% stake in a 28 MWh operational energy storage asset based in Cremzow, Germany. The acquisition of an asset in mainland Europe signifies an exciting opportunity for Gore Street, as it diversifies its exposure to new revenue streams across the inter-connected European grid network. Cremzow…
Elis acquires Textilservice Jöckel in Germany
SAINT-CLOUD, FRANCE: Elis has announced the signing of an agreement to acquire 100% of Textilservice Jöckel. The closing of the transaction is subject to customary regulatory conditions. Elis is an international multi-service provider, offering textile, hygiene, and facility services solutions, which is present in Europe and Latin America, Jockel is fully dedicated to Healthcare clients…
Icade Santé buys three new nursing home properties in Germany
PARIS, FRANCE: Icade Santé has signed preliminary agreements with ORPEA, a global leader in long-term care, to acquire three new nursing home properties in Germany for around €57m (including duties). The portfolio includes three outstanding assets that meet the highest standards and a total of 254 nursing home beds and 95 assisted-living apartments for an aggregate…
Vulcan acquires geothermal renewable energy plant in Germany
SYDNEY, AUSTRALIA: Vulcan Energy Resources (ASX: VUL), has agreed to acquire an operational geothermal renewable energy power plant in the Upper Rhine Valley at Insheim, Germany. Vulcan Energy will acquire 100% of the shares in the entity which owns and operates the plant. A new Germany subsidiary of Vulcan, based in Karlsruhe, will be 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…
GASCADE choses Smartoptics for multiservice Data Center Interconnect
OSLO, NORWAY: Smartoptics Group, a leading provider of optical networking solutions, announced that German gas transport company GASCADE Gastransport GmbH, has chosen Smartoptics’ open line system for multiservice Data Center Interconnect (DCI). The new solution is based on Smartoptics’ DCP -M40-PAM4-ZR and transports 10G, 40G as well as 8G and 16G Fiber Channel (FC) traffic…
Proact acquires ahd GmbH & Co. for EUR 26.2 million
STOCKHOLM, SWEDEN: Proact IT Group has signed a definite agreement to acquire German IT company ahd GmbH & Co. KG. The purchase price amounts to EUR 26.2 million on a cash-free and debt-free basis, which corresponds to 9.0 times EBITA. The transaction is expected to contribute approximately EUR 30 million in increased annual sales for…
CLS Holdings announces €89.7 million property acquisitions in Germany
LONDON: CLS Holdings has unconditionally exchanged contracts to acquire a portfolio of three office buildings in Düsseldorf, Berlin and Hamburg for €89.7 million, excluding costs, from Commodus Real Estate. The three properties are occupied by 31 tenants, providing a diversified and stable cashflow. The buildings are currently 93% occupied with a WAULT of 4.9 years…