Invest In EU News

  • Smiths Detection Wins €16 million German Contract for Advanced X-Ray Scanners

    Smiths Detection Wednesday announced a €16 million contract to  provide advanced X-ray systems for security checkpoints at Berlin’s new Brandenburg International Airport, scheduled to open in 2012.

    The order from the German Interior Ministry is for the Advanced Threat Identification X-ray (aTiX) systems, HI-SCAN 6040 aTiX and HI-SCAN 7555 aTiX, combined with innovative checkpoint modules for faster passenger throughput, and other security equipment.

  • SONAE to acquire 8 PC City stores in Spain from the Dixons Group

    Sonae, a multinational operating in specialized retail in Spain with the Worten, Zippy and Sport Zone brands, has reached an agreement in principle to a transaction involving the transfer of 8 PC City stores in Spain.

    As part of this agreement with the Dixons Group, negotiations are being actively carried on with the expectation that they will be concluded within a month. The stores are located in Palma de Majorca, Pamplona, two in Barcelona, three in Madrid and on the island of Tenerife.

  • US based Eaton Completes its acquisition of Germany based Internormen Technology Group

    US based Eaton Corporation, the diversified industrial manufacturer, Monday announced it has completed its purchase of the Internormen Technology Group. The transaction was first announced March 14, 2011. Eaton expects to gain considerable market share in Germany, as well as improve its global position.

  • The Ascott Limited acquires 100% shareholding in SNC Costes K, owner of Hotel K and an adjacent property in Paris

    CapitaLand’s wholly-owned serviced residence business unit, The Ascott Limited (Ascott), has agreed to acquire 100% shareholding in SNC Costes K which owns the prime Hotel K and an adjacent vacant residential property in Paris based on an agreed asset value of €65 million (approximately S$118.4 million).

  • CPP Investment Board acquires 50% joint venture interest in CentrO Oberhausen

    The CPP Investment Board (CPPIB) and Stadium Group announced Friday that CPPIB has acquired a 50% joint venture interest in CentrO Oberhausen, a premier super-regional shopping and leisure centre in Germany, valued at €1.3 billion, from Stadium Group (Stadium). CPPIB's equity investment is €270 million. Stadium will retain its 50% interest in CentrO and will continue to manage the shopping centre.

  • Arminius acquires properties worth approx. €1 billion from Eurocastle

    Two investment vehicles run by Arminius Funds Management S.à r.l. (Arminius), as existing junior lenders, have acquired, as part of a loan restructuring, the controlling-majority stake in various SPVs holding 28 primarily commercial properties with a market value of approximately €1 billion. The seller is Eurocastle Investment Limited.

    Arminius will be committing additional funds for capital expenditures and tenant improvements to stabilize the portfolio over the next years.

  • H.I.G. Europe affiliated funds acquire the UK’s leading bed & mattress manufacturer

    H.I.G. Europe, the European arm of global private equity firm H.I.G. Capital, announced that funds advised by H.I.G. European Capital Partners LLP and its debt affiliate Bayside Capital have acquired Silentnight Ltd, the UK’s leading bed & mattress manufacturer.

  • Howden buys Thomassen Compression Systems BV

    Howden has agreed to acquire the entire issued share capital of Thomassen Compression Systems BV. The acquisition complements Howden’s existing range of compressors and opens up a much wider market for the company in the oil & gas and petrochemical industries.

    Howden and Thomassen have very similar core competencies in the application engineering of custom designed, high technology products for performance critical environments.

  • Trimble Navigation’s subsidiary to acquire Finland’s Tekla Corporation

    Trimble Navigation Limited’s subsidiary Trimble Finland Oy is to acquire Tekla Corporation for €15.00 per share in cash representing an aggregate equity purchase price of approximately €337 million (or approximately $489 million), and an enterprise value of €311 million (or approximately $451 million).
     

  • US based Alkermes Inc to merge with Ireland’s Elan Drug Technologies

    Alkermes Inc. and Elan Corporation plc have entered into an agreement under which Alkermes will merge with Elan Drug Technologies (EDT). Elan Drug Technologies is the profitable, world-class drug formulation and manufacturing business unit of Elan.

    The merger is a cash and stock transaction currently valued at approximately $960 million. Alkermes and EDT will be combined under a new holding company incorporated in Ireland. This newly created company will be named Alkermes plc.

  • IHC Merwede strengthens its position in the offshore market with purchase of Hytech

    IHC Merwede announced it has acquired Hytech, as it seeks to expand and strengthen its offshore market position. IHC Merwede designs and constructs dive support vessels suitable for activities to a depth of 300 meters. Hytech designs the on-board equipment required by these vessels.

  • Mediq forays into France with acquisition of NM Medical for €17 million

    Mediq, an international supplier of medical devices and pharmaceuticals, has acquired the French company NM Médical. The acquisition of NM Médical will make Mediq a leading supplier of medical devices to General Practitioners (GPs) in France.

    Mediq did not previously have any activities in France and, following the acquisition, Mediq will be active in 15 countries. The purchase price of €17 million will be financed from available cash resources.

  • UTC Fire & Security acquires majority of the shares of Norway’s Simtronics ASA

    UTC Fire & Security, a unit of United Technologies Corp., has acquired a majority of the shares of Simtronics ASA, a Norway-based provider of sophisticated gas and flame detection systems, extinguishing solutions and fire prevention systems for marine and off-shore industries.
     

  • Itslearning to acquire 51 per cent stake in educational technology provider Dactique

    Norwegian-based educational ICT provider itslearning announced Tuesday that it is to acquire majority ownership of the Dutch company Dactique. Both companies provide learning platforms and related products to customers in primary, secondary, vocational and higher education.

    This investment will make itslearning the largest learning platform provider in the Netherlands, enabling the company to offer even better service and products to the Dutch educational sector.

  • World Helicopters purchases the UK’s Bond Aviation Group for €300 million

    World Helicopters has successfully acquired Bond Aviation Group (Bond), the UK’s largest independent emergency and mission critical helicopter operator. World Helicopters is the holding company of Grupo Inaer (Inaer), owned by Investindustrial and KKR.

  • Inwido acquires Danish window company Pro Tec Windows

    Inwido, northern Europe's largest provider of window and door solutions, has acquired all shares in the Danish window company Pro Tec Windows. The acquisition strengthens Inwido's position on the Danish market and will generate a platform for significant expansion possibilities as well as synergies with existing operations.

  • Accent Equity acquires stake in Hoist to speed up its expansion

    Hoist AB, provider of systems, products and services for hotels and commercial properties – is bringing in the Accent Equity 2008 investment fund as a part-owner in order to speed up the pace of the company’s expansion. Hoist is established in Sweden, Norway, Denmark, Finland, the Baltic States, the UK, Poland and Russia. The company has 300 employees and had a turnover of more than SEK 600 million last year.

  • EuroChem-led group of investors keen to acquire 100% of Cyprus-based Yaibera Holdings Limited

    OJSC Mineral and Chemical Company, EuroChem, announced Friday that a EuroChem-led group of investors has indicated its willingness to acquire 100% of Cyprus-based Yaibera Holdings Limited (Yaibera).

    Yaibera owns 79.6% of OJSC Minudobreniya (Rossosh), a large Russian mineral fertilizer producer. The offer is based on a cash-free, debt-free valuation of 100% of the shares of Rossosh of US$1.3 billion.

  • Japan’s NTT Data Corp’s subsidiary acquires Italy’s Value Team S.p.A.

    NTT Data Corporation, through its subsidiary NTT DATA Europe GmbH & Co. KG (NDEU), has reached an agreement with Value Partners S.p.A. to acquire 100% of the outstanding shares in Value Team S.p.A. The Italy headquartered Value Team S.p.A specializes in providing consulting, system integration and outsourcing to major companies in Europe and the growing Brazilian market.

  • Nextag acquires Germany’s leading provider of online comparison shopping services Guenstiger.de GmbH

    Nextag, (Nextag.com), a leading comparison shopping website for products and services, has acquired Germany's Guenstiger.de GmbH, the leading provider of online comparison shopping services in Europe's largest market. Guenstiger provides shoppers in six countries with a rich user experience and valuable product information, including reviews, recommendations and local product availability.

  • Air Liquide signs 15 additional contracts with solar photovoltaic industry leaders

    Air Liquide has reinforced its leading position in the supply of gases and precursors to the solar photovoltaic manufacturers through the signing of 15 additional contracts with solar photovoltaic industry leaders.

    Photovoltaic installations are expected to contribute approximately 5% of the worldwide electricity generation by 2020, providing greenhouse free energy to nearly 1 billion people.

  • Belgium seeks investments from India in several sectors particularly in small and medium enterprises (SMEs)

    In a report carried by Yahoo! News, Belgium is seeking investments from India in a number of sectors, with a particular emphasis on small and medium enterprises (SMEs). In a statement, the Belgian Embassy in India reiterated that there is enough capacity available for Indian small and medium sector enterprises to invest in Belgian SMEs.

  • Mint of Finland Ltd acquires German coin-blank manufacturer Saxonia EuroCoin GmbH

    Finnish coin manufacturer Mint of Finland Ltd has strengthened its position in the world market through the purchase of Germany based Saxonia EuroCoin GmbH. Mint of Finland Ltd produces metallic circulation and collector coins. It announced that it has bought the entire share capital of the German coin-blank manufacturer Saxonia EuroCoin GmbH from DNick Holding plc.

  • India’s Aditya Birla Group acquires leading Swedish Speciality Pulp Manufacturer Domsjö Fabriker

    Aditya Birla Group acquired Domsjö Fabriker, a leading Swedish Speciality Pulp and Bio-refinery Company, through its global companies Thai Rayon Public Company Limited (Thailand) and Indo Bharat Rayon (Indonesia), for a sum of US $340 million from a Swedish consortium.

    Mr. Kumar Mangalam Birla, Chairman of the Aditya Birla Group said the acquisition of Domsjö Fabriker, a world-class company, with the most environmentally-friendly technology marks a significant milestone for Aditya’s Pulp & Fibre business.
     

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