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European Commission is set to approve GE’s acquisition of French company Alstom for the sum of €12.35bn, reports Agence France-Presse. A source close to the matter said the European Competition Commissioner Margrethe Vestager will hold a press conference later today to make the announcement, following the weekly European Commission meeting. The EU was concerned about […]
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NIBC has advised Ballast Nedam on sale of Ballast Nedam Offshore. Namely, in early 2014 Ballast Nedam asked NIBC to examine the strategic options for the offshore business. After careful consideration of a number of options, Ballast Nedam and NIBC concluded that the sale of Ballast Nedam Offshore – at the right price – was the […]
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Atlantis has completed the acquisition of Marine Current Turbines Limited (MCT) from Siemens AG in an all share deal, conditional upon admission of the consideration shares. Accordingly, as consideration for the acquisition, Atlantis has issued 9,911,577 new ordinary shares of no par value in the Company to Siemens AG, increasing the Company’s total number of […]
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After James Fisher and Sons took over Hughes Sub Surface Engineering Limited (HSSE) last year and Rotos 360 in March, the company’s unit dedicated to marine renewables, James Fisher Marine Services (JFMS), has acquired Insight Marine Projects – a specialist survey company headquartered in Cornwall.
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Blackbird International Corporation announced that it has finalized the procedures for the acquisition of SDE Ltd. It had previously released news that it had exchanged a Letter of Intent with SDE Ltd for purposes of a merger. Blackbird shall acquire 100% of the shares of the target company in exchange for restricted stock. The date […]
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Leading independent offshore survey company UTEC has announced the acquisition of Geomarine Ltd. UTEC – which is based in Houston, Texas and has offices around the world including Aberdeen, Scotland – has acquired Geomarine Ltd which is headquartered in Newcastle-upon-Tyne with operational offices in Bath, England and Singapore. The move will capitalize on a natural […]
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PGE SA is looking at acquisitions outside Poland as the country’s largest power utility prepares to release a new strategy in December to… By Maciej Martewicz (bloomberg) [mappress] Source: bloomberg, November 14, 2011
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International law firm Watson Farley & Williams (WFW) advised Copenhagen Infrastructure Partners (CIP) on the acquisition of 100% of OffshoreMW, which holds a 675km² offshore wind energy lease off the coast of Massachusetts. Outside the US, CIP already owns stakes in two offshore wind farms – the 588MW Beatrice in the UK and the 402MW Veja Mate in Germany, with […]
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TTS Group ASA has completed the acquisition of Neuenfelder Maschinenfabrik GmbH (NMF) at a price of MNOK135 (17.5 MEUR). NMF supplies heavy lift cranes and has 130 employees located in Hamburg, Germany. The product range of NMF will complement and strengthen TTS’s market position for marine and offshore cranes. The expected turnover for NMF in […]
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Business & Finance, Vessels
3i Infrastructure plc and AMP Capital have completed the joint acquisition of 100% of Danish company ESVAGT A/S from Maersk Group, following clearance from the European Commission under the EU Merger Regulation. The transaction was announced in July this year, where by 3i Infrastructure invested £111m to acquire its 50% interest. “The sale to 3i Infrastructure […]
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As of today (4 April), Dutch consultancy and engineering company Grontmij goes under the name Sweco Nederland. Grontmij was acquired by Sweco on October 1, 2015. ”We were already part of the Sweco family and are proud that we now carry the name,” said Ton de Jong, CEO of Sweco Nederland. Sweco said that, through the acquisition, it can […]
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Rapid Holding GmbH, owned by Centerbridge Partners, plans to issue EUR 400 million in aggregate principal amount of senior secured notes to partially fund the acquisition of German wind turbine developer, Senvion. Net proceeds of the offering of the Notes, which are due in 2020, will be used together with equity contributions from Centerbridge affiliates […]
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Following the recent news that Centerbridge Partners LP, USA had bought 100% stake in Senvion SE, a wholly owned subsidiary of the Suzlon Group, MAKE Consulting (MAKE) informed that it acted as a commercial due diligence advisor to Centerbridge Partners LP. The EUR 1 billion worth transaction, which is subject to anti-trust clearance, is planned to […]
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Aberdeen-based SeaHold GEOSHIPS Limited (GEOSHIPS) has announced the acquisition of marine management services company Brooklyn Shipping Ltd (BSL). The acquisition is expected to lead to BSL’s staff numbers more than doubling to 80 this year and also contribute to a significant increase in GEOSHIPS’ pre-tax earnings on its projected turnover of nearly £50million for […]
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* Acquires FUNA International, GmbH, Expanding Marine and Alternative Energy Capabilities * Divests InfraredVision Technology Corporation L-3 Communications (NYSE: LLL) announced today that it acquired FUNA International, GmbH (FUNA) on December 22, 2010. The terms of the transaction were not disclosed. The business will be included in the Marine & Power Systems Group within L-3’s […]
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Nexans, a worldwide leading expert in the cable industry, confirms that it completed the acquisition of AmerCable on February 29, 2012. AmerCable is the leading North American producer of Mining and Oil & Gas cables, and is also active in other industrial cables segments including Renewable Energy. The acquisition represents a major investment for Nexans […]
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General Cable Corporation’s shareholders have approved the acquisition of the company’s 100% share by Prysmian Group.
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Eastern Training Services Ltd, a specialist provider of technical vocational training to the energy, construction engineering and manufacturing industries, has been acquired by businessman Graham Hacon, owner of Aberdeen and Great Yarmouth-based 3sun Group. Mr Hacon, who has worked in the offshore instrumentation and construction engineering sectors for over 20 years, has also announced his […]
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The UK-based InfraStrata has completed the acquisition of the assets of Harland and Wolff. InfraStrata now has 100% ownership of the assets following a GBP 3.30 million payment to the administrator BDO LLP, in line with the payment schedule. An additional GBP 1.45 million is payable by 30 April 2020, the UK company said. “Harland […]
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Authorities, Business & Finance
The European Commission has given their blessing to the acquisition of the assets of TAG Energy Solutions Limited by a newly created joint venture controlled by Bladt Industries A/S of Denmark and EEW Special Pipe Constructions GmbH of Germany. Last year the joint venture decided to invest in former TAG site after the UK offshore […]
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Buss Group has acquired SSC Wind from Wildeshausen with an aim to expand its services in the offshore and onshore wind markets. The company, which will operate under the name Buss Wind Services GmbH, added the aspects of installation and long-term services for turbines to Buss’ project business in offshore and onshore wind. The acquisition saw the addition […]
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Atlas Professionals completed the acquisition of a 100% interest in Subserv Pro Ltd (SSP) and ORCA Offshore Ltd (ORCA). Based in Banbury, the office will expand Atlas’ UK network, bringing together two agencies in the niche markets of ROV, Diving, Inspection and Renewable Energy. Marcus Chandler, Managing Director of SSP said: “When selecting the new custodians […]
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International law firm Pinsent Masons has advised Alstom on the acquisition of Tidal Generation Limited (TGL), from Rolls-Royce Plc. TGL designs, develops and manufactures tidal stream turbines for the capture and conversion of tidal energy to electrical power and is currently operating a 500kWe concept demonstrator unit at The European Marine Energy Centre (EMEC) Tidal […]
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J.F. Lehman & Company (JFLCO) is now the full owner of Global Marine Group (GMG), after completing the acquisition announced in January 2020.
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Marubeni Corporation (Marubeni) and Innovation Network of Japan (INCJ) have jointly completed a deal after closing the financing for the acquisition of Seajacks International Ltd. (Seajacks), whose purchase had been agreed upon with Riverstone Holdings LLC. The finance was provided through a syndication consisting of six banks, the Development Bank of Japan, Sumitomo Mitsui Banking […]
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Team Humber Marine Alliance (THMA) has welcomed DONG Energy taking full control of the Hornsea Round 3 wind zone, one of the world’s biggest offshore wind development schemes. Mark O’Reilly, CEO and chairman of THMA, one of the UK’s offshore and marine business development organisations, said: “THMA is delighted that DONG Energy has progressed its […]
