Invest In EU News

  • EU clears acquisition of Finnish Luvata's rolled copper products division by German copper producer Aurubis

    Brussels, 8 August 2011 - The European Commission has cleared under the EU Merger Regulation the proposed acquisition of the rolled copper products division ("LRP") of the Finnish Luvata Espoo Oy by German copper manufacturer Aurubis AG. The Commission found that the merged entity will continue to be constrained by a number of credible competitors in the markets concerned.

    The Commission examined the transaction's impact on the supply of copper shapes, pre-rolled-strip and rolled copper products, as well as oxygen-free (OF-Cu) copper products.

  • EU Commission welcomes Russia's decision to cancel temporary import requirements for fresh EU vegetables

    Following the epidemiological evidence that the E-coli infection was over, and a request from the European Commission to Russia to lift the certification system as provided for in the agreement between EU and Russia of the 22nd of June, the Commission welcomes Russia's confirmation of its request to cancel the temporary import requirements for fresh EU vegetables as of tomorrow (9th August 2011).

    Health and Consumer Policy Commissioner John Dalli made the following statement:

  • Thomson Reuters Enhances Metals Market Content and Analysis with Analyst Acquisition of GFMS

    Thomson Reuters has acquired analyst firm GFMS (formerly known as Gold Fields Mineral Services), a leader in precious and industrial metals markets research and analysis, to further expand its specialized offering to the metals market.

    At a time when the metals markets are experiencing all time highs, this acquisition enables Thomson Reuters to offer powerful forecast analytics and rich fundamentals content from GFMS alongside its leading metals news and pricing service on Thomson Reuters Eikon.

  • Heidelberger acquires CSAT GmbH

    Heidelberger Druckmaschinen AG (Heidelberg) has acquired CSAT GmbH, based in Eggenstein near Karlsruhe, Germany. The acquisition price was not disclosed.
    The company specializes in the development, manufacture, and worldwide sales and service of digital printing systems, including consumables for the packaging industry.

  • Curtiss-Wright Corp. acquires ACRA Control

    Curtiss-Wright Corporation announced Thursday that it has acquired ACRA Control, Limited (ACRA) for approximately €42 million (approximately $61 million) in cash. ACRA is a leading supplier of data acquisition systems and networks, data recorders and telemetry ground stations for both defense and commercial aerospace markets. The business will operate within Curtiss-Wright's Motion Control segment.

  • Phillips Plastics Corp. Acquires European based Medisize Corp.

    Phillips Plastics Corporation announced that it has entered into a definitive purchase and sale agreement to acquire Medisize Corporation (Medisize) from Ratos AB and the other shareholders of Medisize. Medisize is a Europeanbased outsource provider of design and manufacturing services to pharmaceutical, diagnostic and medical device companies.

  • Intertek announces three acquisitions in Europe

    Intertek Group plc (Intertek), the leading international provider of quality and safety services to a wide range of industries, announced that it has acquired Food Analytical Laboratory Limited (FAL).
    FAL is a food testing laboratory which provides chemical and microbiological services for food producers in the UK.

  • Arbitron Inc. acquires Finland-based mobile audience measurement and analytics firm

    Arbitron Inc. announced Friday that it has acquired Zokem Oy, a Finland-based mobile audience measurement and analytics firm for a payment of approximately $11.7 million in cash at closing with possible additional incremental cash payments through 2014 of up to $12 million based on future financial performance.

  • Starbucks fully acquires control of Starbucks Coffee Switzerland and Starbucks Coffee Austria

    Starbucks Coffee Company announced that it has assumed 100 percent ownership and operating control of Starbucks Coffee Switzerland and Starbucks Coffee Austria through the acquisition of its joint-venture partner Marinopoulos Holdings S.A.R.L.’s shares in Starbucks-Marinopoulos Holdings B.V.

    Previously, Starbucks Coffee Switzerland and Starbucks Coffee Austria were managed through a 50:50 joint venture between Starbucks Coffee International and Marinopoulos Holdings S.A.R.L.

  • Enel Green Power expands In the Greek Wind Sector

    Enel Green Power Thursday added the 24 MW “Zoodochos Pighi” and the 14 MW “Panaghia Soumela” wind farms to its Greek wind power portfolio.

    This new addition confirms Enel Green Power’s strategy to actively pursue further growth in the Greek renewable sector. As well as the current installed capacity base, Enel Green Power can count on an additional 45 MW wind, hydro and photovoltaic projects in execution. Enel Green Power can also count on further development opportunities leveraging on a project pipeline in hydro and wind of approximately 1,400 MW.

  • Japan’s Rakuten enters Europe’s largest market in continued global expansion

    Rakuten, Inc. Thursday announced that it has closed a transaction to acquire an 80% stake in Tradoria, one of Germany’s leading online e-commerce platforms. The financial details of the transaction were not disclosed.

    Tradoria was founded in 2007 and employs a unique business model that encompasses a web store, marketplace and checkout in a single product for small and medium-sized merchants. It saves the merchants all complex technological processes and provides all necessary tools and support to successfully launch their online business.

  • Perusa Partners acquires leading Swedish maker of explosion containment and munitions destruction equipment

    Perusa Partners has acquired Dynasafe International AB, the world-leading Swedish maker of explosion containment and munitions destruction equipment. Dynasafe offers a comprehensive range of explosion containment and munitions destruction equipment as well as off gas treatment systems to customers all over the world with sales in excess of 250 million SEK (approx. €27 million) in 2011.

  • Suzlon Energy sell its 26.06% equity interest in Hansen Transmissions International NV

    Suzlon Energy Limited’s subsidiary has signed an irrevocable undertaking to accept the offer of ZF Friedrichshafen AG and to sell its 26.06% equity interest in Hansen Transmissions International NV, Belgium.

    ZF Friedrichshafen AG and Hansen Transmissions International NV, Belgium made an announcement earlier Tuesday in relation to their agreement on the terms of recommended cash offer to be made by ZF International BV, a wholly owned subsidiary of ZF, for the entire issued and to be issued share capital of Hansen at 66 pence per ordinary share.

  • Graincorp Purchases German Malt Business, GermanMalt Gmbh & Co

    GrainCorp Monday announced that it has entered into a binding agreement to purchase GermanMalt GmbH & Co. KG for an enterprise value of €58 million (AUD —$77 million).

  • 3M Broadens its Home Improvement Products Offering in Europe

    3M announced Friday that it has entered into an agreement to acquire the do-it-yourself and professional business of GPI Group. GPI is a manufacturer and marketer of home improvement products such as tapes, hooks, insulation and floor protection products and accessories headquartered in France. Terms of the transaction were not disclosed.

  • Playtech acquires leading Swedish provider of mobile sports book betting platform

    Playtech, the leading provider of software and services to the online, mobile and land-based gaming sector, announced it has entered into an agreement to acquire the entire issued share capital of Mobenga AB (Mobenga).

    Mobenga is the leading provider of mobile sports book betting platform and has a fast growing base of customers, including major brands such as PaddyPower, Unibet, Skybet, Stan James, and Nordicbet.

  • US based SapientNitro acquires leading European mobile agency CLANMO

    SapientNitro, part of Sapient®, Tuesday announced that it has signed an agreement to purchase mobile agency CLANMO, based in Germany.

    The acquisition strengthens SapientNitro’s existing capabilities to provide clients with outstanding end-to-end mobile expertise and further enhances its unique offering for multi-channel marketing and multi-channel commerce in the European and, particularly, the German market.

  • Total announces acquisition of Esso Italiana’s exploration interests

    Total announced Tuesday the acquisition of Esso Italiana’s interests respectively in the Gorgoglione concession (25% interest), which contains the Tempa Rossa field, and in two exploration licenses located in the same area (51.7% for each one).

    The acquisition increases Total’s equity stake in the operated Tempa Rossa field to 75%. The transfer of interests is subject to the approval of Italian authorities.

  • H.I.G. Europe Acquires Austro-German Prefabricated House Specialist Hanlo

    H.I.G. European Capital Partners, the European arm of leading global private equity investment firm H.I.G. Capital has completed the acquisition of a majority stake in the Austro-German Hanlo Group through the newly founded Green Building Group GmbH.
    The acquisition is a joint investment with Solidus Partners LLP, the investment vehicle of Philippe Graf von Stauffenberg. Together with the well-known brands “Hanlo” and “Bau mein Haus”, Hanlo will continue under the umbrella of Green Building Group GmbH, based in Graz, Austria.

  • Trelleborg expands its offering by acquiring French industrial hose operation business

    Through its Trelleborg Engineered Systems business area, Trelleborg has signed an agreement to acquire the French company Bloch S.A., a privately owned high-end industrial hose solution provider, which generates annual sales of about SEK 70 million and has approximately 20 employees.

    The agreement encompasses the acquisition of 60 per cent of the business with an option to acquire the remainder.

  • Atlas Copco acquires Spanish manufacturer of diesel and petrol generators, Grupo Electrógenos

    Atlas Copco SAE has acquired Grupo Electrógenos GESAN S.A. of Spain, a manufacturer of diesel and petrol generators sold through a global distributor network. The deal strengthens Atlas Copco’s product portfolio, especially for customers in emerging markets, as well as its global offering.

    Gesan, which is privately owned, had revenues in 2010 of MEUR 56 (MSEK 510). The company employs about 160 people and is based in Zaragoza, Spain, where it has a production and assembly facility.

  • Flybe and Finnair joint venture acquires Finncomm Commuter Airlines

    Flybe, Europe's largest regional airline, Thursday announced the acquisition of Finnish Commuter Airlines (FCA), Finland's largest domestic air carrier in terms of number of flights, in a newly formed joint venture with Finnair, Finland's flag carrier.

    The investment was for a total consideration of €25 million plus net cash in the acquired business at completion.  Completion is expected to take place within the next four to six weeks, and is subject to competition clearance.

  • DEKRA Acquires French used car specialist AutoContact Group

    DEKRA is acquiring all shares in the French used car specialist AutoContact Holding SAS, Bordeaux. The purchase agreement was signed on July 7 in Bordeaux.
    The company is one of the leading European providers in used car management. Its customers include renowned vehicle manufacturers, leasing companies, vehicle rental operators and dealers. AutoContact employs 430 staff and forecasts revenues of around €63 million in 2011.

  • Sika acquires contract manufacturer in Switzerland, Biro Edwin Bischof AG

    Sika AG, headquartered in Baar, is acquiring Biro Edwin Bischof AG, the Romanshorn-based plastic products manufacturer with strong skills in multi-component injection moulding. Biro Edwin Bischof AG produces components for the European automotive industry on behalf of Sika, including sound absorbing parts and reinforcers for bodywork structures.

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