Invest In EU News

  • 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.
     

  • Doro acquires strategic technology and Android development resources

    Doro has acquired strategic technology and Android development resources for its growth strategy. Doro’s growth strategy includes further geographical expansion along with strategic launches of Android–based products and services to expand its offering to the world’s seniors.

  • Nordson Corp. acquires Belgium-based Constructiewerkhuizen G. Verbruggen NV

    Nordson Corporation announced it has entered an agreement to acquire Belgium-based Constructiewerkhuizen G. Verbruggen NV, a leading manufacturer of flat dies and co-extrusion equipment for the multi-layer flexible packaging industry.   The deal is expected to close within the next several days.  Terms were not disclosed.
     

  • Daikin Europe N.V. acquires Airfel, a Turkish Heating and Air Conditioning Manufacturer

    Daikin Europe N.V., a 100% subsidiary of Daikin Industries Ltd. headquartered in Osaka, Japan, announced an agreement with the principal shareholders to acquire 100% of the shares of Airfel with its headquarters in Istanbul, Turkey.

  • Capgemini acquires 100 per cent of Italian IT services provider AIVE Group

    Capgemini, one of the foremost providers of consulting, technology and outsourcing services, announced the acquisition of 100% of AIVE Group, one of the leading Italian IT service providers, from 3 primary private equity funds (Emerald, Fidia and Athena Private Equity) and AIVE’s management .
     

  • Delcam acquires 25% holding in Fabbify Software GmbH

    Delcam, the world’s leading specialist supplier of CAM software, has acquired a 25% holding in Fabbify Software GmbH, a new, Bremen-based software development company specializing in additive manufacture.

  • Ampac Acquires Swiss Flexible Packaging Firm Elag Verpackungen AG

    AMPAC Holdings LLC, a global strategic leader in the food, pet food, retail, security and medical packaging markets, announced the acquisition of flexible packaging firm ELAG Verpackungen AG, based in Kirchberg, Switzerland.
     
    AMPAC’s strategic focus on innovation has established the company as the global leader in creative flexible packaging. With the acquisition of ELAG, AMPAC will further expand its global capabilities to create and bring-to-market innovative flexible packaging concepts around the world.

  • Peab acquires 65 per cent of the shares in Terje Hansen AS

    Peab has signed an agreement to acquire 65 per cent of the shares in Terje Hansen AS. The company conducts manufacturing and paving of asphalt in the greater Oslo area. Terje Hansen has about 45 employees and had sales amounting to NOK 144 million during 2010.

    The acquisition is dependent on the approval of the Norwegian Competition Authorities.

  • Boats.com acquires the innovative European portal Allboats.com from BoHil Media

    Boats.com the leading online marketplace for boat buying and selling, owned by Dominion Marine Media, has acquired the innovative European portal Allboats.com from BoHil Media, a division of The Telegraaf newspaper group based in Amsterdam.

    The Allboats websites and its content will merge with the existing Boats.com business and brand to become the largest of its kind, with over 700,000 boats for sale in 171 countries - representing a total value of over €135 billion.

  • Delen Investments acquires 70% stake in JM Finn & Co

    Ackermans & van Haaren (AvH), the diversified Belgian investment group, through its wealth management affiliate Delen Investments, has agreed to acquire a major stake in JM Finn & Co Ltd, a prominent London based wealth manager.

  • H2 Equity Partners buys JET Group and PR Group

    Investment Company H2 Equity Partners announced that it has acquired 100% of the shares in JET Group and PR (Plastic Rooflight) Group, the latter consisting of BIK, Vaculux and Cox Building Products. JET and PR Group were part of the European rooflight and ventilation business of CRH plc, the international building materials group.

  • Poland is bending the law to get free emission allowances for its planned coal-fired power stations

    Polish authorities have granted greenhouse gas permits to 13 ineligible, unbuilt coal power plant projects in a bid to make them qualify for free emissions allowances under the EU emissions trading scheme (ETS). Environmental law organisation ClientEarth says that Poland is breaching both EU and national law to gain financial advantage for its power sector. The ETS is intended to discourage high carbon investment.

  • Barclays to sell a portfolio of its private equity fund interests to AXA Private Equity

    Barclays Bank PLC has signed a definitive agreement to dispose of a €520 million (£460m) portfolio of US and European private equity interests held and managed by Barclays Capital, its investment banking division, to AXA Private Equity.

    The portfolio includes investments in private equity funds as well as several direct private equity interests held by Barclays Capital. The portfolio does not include any investments managed by Barclays Private Equity.

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