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DSV acquires Seatainers Group AS
DSV 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 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, 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
Aker Solutions acquires Enovate
Aker 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 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 technology 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
Mitsubishi 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
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Ferrovial Servicios to acquire the British company Enterprise plc
Ferrovial Servicios, SA (Ferrovial Servicios), a subsidiary of FERROVIAL, has reached an agreement with 3i Group plc to acquire 100% of the share capital of Enterprise plc (Enterprise). The investment to be made by Ferrovial Servicios amounts to a firm value of £385 million. The scope of the operation does not include the joint venture that Enterprise signed with Mouchel Limited (Mouchel) for the maintenance of motorways in the United Kingdom.
Enterprise is one of the leading British companies providing services to utilities companies as well as to public sector infrastructures. In 2012 its revenue totalled £1.1 billion GBP and its gross operating profit £60 million GBP, excluding the joint venture with Mouchel.
For Ferrovial Servicios, present in the United Kingdom through its subsidiary Amey, this acquisition facilitates its entry into the utilities sector, in addition to strengthening its environmental services offering. Visit: www.ferrovial.com
Golden Agri-Resources and Stena Bulk form joint venture
Stena Bulk A/B and Golden Agri-Resources Ltd have set up a new joint venture, Golden Stena Bulk. For a start, the 50-50 joint venture will take over four product tankers ordered by Stena Bulk in June 2012. The newly formed joint venture will also consider investing in more product tankers in the future.
The vessels will be deployed in Stena Weco’s logistic system in the global market. Stenaowned Northern Marine Management will be responsible for technical management.
In June 2012, Stena Weco – the joint venture between Stena Bulk and Danish Dannebrog – formed a 50-50 joint venture with GAR. The joint venture, Golden Stena Weco, was aimed at providing an overall solution for GAR’s international transportation of its palm oil products.
“Golden Stena Bulk can be seen as the second step in our collaboration with leading palm oil plantation company, GAR. For us, it’s also a gateway to Asia,” says Erik Hånell, president & CEO of Stena Bulk. Visit: www.stenabulk.com ENGEL AUSTRIA and PMEfluidtec GmbH, a company based in the German town of Ettenheim, have announced their partnership in the field of water injection technology (WIT). The collaboration will encompass client-specific system solutions and world-wide sales.
The water injection technology offered by ENGEL under the ENGEL watermelt label is used for the efficient and cost-effective production of long media lines and complex hollow parts such as handles, beverage crates and engine components via injection moulding. The injection of water into a cavity partially filled with plastic melt ensures even wall thickness distribution and smooth internal surfaces, even where part geometries are complex; other advantages include the economical use of raw materials and short cycle times.
For 12 years, PMEfluidtec has been developing and producing systems for fluid-based injection moulding using internal pressure technology. The company is therefore a pioneer in the field. Under the terms of the partnership, PMEfluidtec will be responsible for WIT systems and process and mould technology as well as service for WIT units; ENGEL will be responsible for adapting injection moulding machines, automation and peripheral units. Both partners will advise customers on application-specific issues. Visit: www.engelglobal.com
ENGEL AUSTRIA and PMEfluidtec seal partnership
Borealis makes firm offer for majority interest in Rosier SA
Borealis, a leading provider of chemical and innovative plastics solutions, has made a firm offer to TOTAL for its entire 56.86% interest in Belgium’s Rosier SA, listed on NYSE Euronext Brussels. Borealis is already active in nitrogen fertilisers in central Europe as well as in France, following its acquisition of PEC-Rhin SA, today known as Borealis PEC-Rhin SAS, in early 2012. Borealis has offered €200 per share for TOTAL’s majority interest.
This offer as well as Borealis’ offer to acquire all outstanding shares in France’s GPN SA will now be presented to the employee representatives concerned, as part of the information and consultation procedures. The proposed transaction is subject to the approval of the relevant authorities, in particular, the antitrust authorities in the countries concerned. The proposed acquisition of Rosier shares will furthermore only be completed if Borealis simultaneously acquires all outstanding shares of France’s GPN. Visit: www.borealis.com
