NEWS
Combining strengths
DSV acquires Seatainers Group AS
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SV has signed an agreement to acquire the entire share capital of Seatainers Group A/S (Seatainers Group). The services portfolio of Seatainers Group includes warehousing/logistics solutions and road, air and sea freight services and the acquisition will thus add value to all DSV Divisions. Seatainers Group specialises in project logistics and performs large and complex transport projects, e.g. for the renewable energy industry. Seatainers Group has 180 employees, of which 150 are employed in Denmark. Seatainers Group has offices across the globe in the USA, China, Singapore, Australia and Latvia. The activities of Seatainers Group are expected to generate annual revenue of approx. DKK 1.0 billion, the project activities expecting to account for 60% of revenue.
“Seatainers Group is a well run Danish company and its activities are a good match for DSV. By merging the project transport activities and competencies of DSV and Seatainers Group we will create a very powerful player in a market with good growth potential in the coming years,” says Jens Bjørn Andersen, DSV Group CEO. Visit: www.dsv.com
Kennametal Extrude Hone and PEMtec announce strategic alliance K ennametal Extrude Hone and PEMtec have signed an agreement to supply customers with precision electro chemical machining (PECM) technology. Through electro-chemical metal removal, PECM can shape complex geometries in practically all metals, e.g., in highly tempered steel, rolling bearing steel, powder-metallurgy steel, and super-alloys. PECM also taps applications that could not be feasibly manufactured,
Aker Solutions acquires Enovate
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ker Solutions has agreed to acquire a majority stake in Aberdeen-based Enovate Systems Limited – a leading technology company within subsea well control equipment. Enovate, which currently employs 62 people, has developed a wide range of unique and patented components and products for use in open water workover systems, in 18 Industry Europe
if at all, in the past by conventional machining techniques, including milling, grinding or electricaldischarge machining (EDM). As Kennametal Extrude Hone already supplies advanced metal-finishing technologies to a variety of industries, the PEMtec alliance is seen as a logical extension of Kennametal’s global portfolio. Fuel injection, for example, is seen as a key application for PECM growth, as increased pollution standards force fuel injection manufacturers worldwide to obtain increased ‘freedom of design’ that was formerly limited by conventional manufacturing methods. PECM market opportunities have also been identified in automotive gearboxes and elsewhere in engine and powertrain areas. Visit: www.kennametal.com riser workover systems, rigless intervention systems and drilling safety systems. Specific advantages of these systems are superior cutting and sealing capabilities and the unique use of complete metal-to-metal sealing solutions which significantly reduce the probability of leakage and improve safety. “Enovate has developed and qualified unique technol-
Mitsubishi Electric to take over KH-Automation Projects
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itsubishi Electric Corporationand KH-Automation Projects GmbH, a subsidiary of Koop Holding Group and long term strategic partner of Mitsubishi Electric, announced by mutual agreement that Mitsubishi Electric will acquire 100% share of KH-Automation. This strategic acquisition brings together two partners who have enjoyed a close working relationship over the past 12 years.. The complimentary combination of KH-Automation Projects market leading PMSX®pro Distributed Control System, knowledge in water and power generation applications as well as project management experience with the development power and global market reach of Mitsubishi Electric is expected to create strong growth opportunities for both companies. Hartmut Puetz, President of Mitsubishi Electric Factory Automation Europe commented: “The PMSX®pro DCS has totally integrated Mitsubishi Electric’s automation throughout its DNA and this combination of KH-Automation’s knowhow and our hardware has resulted in a robust and market leading solution.” Manfred Pfaar, managing director of KHAutomation Projects added: “We are very excited about the future business together with Mitsubishi Electric. We already have a strong working relationship and we expect a closer collaboration will generate many new opportunities.” Visit: www.kh-ap.de
ogy for safe and efficient well control,” says Åsmund Bøe, chief technology officer in Aker Solutions. The company will continue to be developed as an independent supplier of well control components to subsea integrators, oilfield equipment manufacturers and oil companies. Visit: www.akersolutions.com
