NEWS
Combining strengths
TransAtlantic acquires SBSMarine Manbat acquires
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ederi AB TransAtlantic has acquired all shares in the British offshore shipping company SBS Marine Ltd from Kistefos AS for a preliminary consideration of approximately SEK 340 million. SBS Marine has a net debt of approximately SEK 480 million. SBS Marine is a British offshore shipping company based in Aberdeen. The company operates a fleet of five modern and one older PSV vessels (Platform Supply Vessel) with a current turnover of
approximately SEK 220 million on an annual basis. The acquisition of SBS Marine is a part of TransAtlantic’s focus on the business area Offshore/ Icebreaking in order to strengthen TransAtlantic’s product offering in the business area. To finance the acquisition and strengthen the company’s financial position in advance of the forthcoming division of the group, TransAtlantic has conducted a rights issue of around SEK 550 million. Visit: www.rabt.se
FLSmidth to acquire Transweigh India Limited
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LSmidth has acquired 100% of the shareholding in the Indian company Transweigh India Limited, a company in which FLSmidth has until now been a minority shareholder. Transweigh India Limited is a supplier of gravimetric feeding equipment, mainly to the steel, iron and cement industries. The company also markets and sells FLSmidth Pfister’s leading fuel feeder product range to the growing Indian market. Transweigh also sells a large number of proprietary products such as belt weigh feeders, apron weigh feeders, apron feeders, loss in weight feeders, solid flow meters, bin weighing equipment and feeding electronics. Transweigh operates mainly within India where it is one of the market leaders. Via this acquisition FLSmidth Pfister will strengthen its ability to provide a full scope of feeding equipment at a competitive price to the entire FLSmidth Group and the market in general. Visit: www.flsmidth.com
Battery Power Systems
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anbat, the UK’s largest battery distributor, has substantially increased its presence in the industrial battery sector with the acquisition of Battery Power Systems Ltd (BPS) of East Kilbride. BPS is a leading independent that supplies the forklift, floor-care, emergency power and electric vehicle sectors with batteries, chargers and quality service on a national basis. Commenting on the move, Manbat’s managing director Steve Sheppard said: “The acquisition fits well with Manbat’s desire to strengthen its position within the industrial battery sector and generally into markets additional to automotive” Visit: www.manbat.co.uk
Atlas Copco acquires provider of advanced drilling solutions for aerospace
EuroChem to acquire fertiliser assets from BASF
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JSC Mineral and Chemical Company EuroChem has announced its intention to acquire 100% of BASF’s fertiliser assets located in Antwerp, Belgium. EuroChem also intends to acquire BASF’s 50% stake in the PEC-Rhin joint venture in Ottmarsheim, France. PEC-Rhin is a joint venture between
18 Industry Europe
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tlas Copco-owned ETS Georges Renault S.A.S., France, has agreed to acquire Seti-Tec S.A.S., a French manufacturer of advanced drilling equipment and solutions for the aerospace industry. Founded in 2005, Seti-Tec is a fast-growing, innovative player in the aerospace industry, with a customer base that includes some of the world’s largest aircraft manufacturers. The company is privately owned. It currently employs 14 people and had revenues of €4.4 million in 2010. Seti-Tec is based near Paris, France. “This acquisition will give an additional base for
the growth of our existing sales into the aerospace market,” says Mats Rahmström, business area president of Atlas Copco’s Industrial Technique business area. “It aligns perfectly with our strategy of offering premium solutions to a dedicated, high technology market.” Seti-Tec will become part of the Chicago Pneumatic Tools division within the Industrial Technique business area as a result of the acquisition. The acquisition is expected to be closed during the fourth quarter. Visit: www.atlascopco.com
BASF and France’s GPN, a Total SA subsidiary. The total value of the transaction is estimated to be approximately €700 million. The assets, which have a combined annual production capacity of approximately 2.5 million metric tonnes of fertiliser, include CAN / AN (calcium ammonium nitrate/ ammonium nitrate), Nitrophoska® fertilisers, nitrophosphoric acid, three nitric acid plants
in Antwerp, CAN / AN fertilisers and ammonia and nitric acid facilities at PEC-Rhin. Commenting on the transactions, Dmitry Strezhnev, EuroChem CEO, said “The acquisition of BASF’s fertiliser complex in Antwerp is a major milestone in EuroChem’s growth strategy to enhance its exposure to the European market.” Visit: www.eurochem.ru
