Archive for the ‘Mergers and Acquisitions’ Category

The Foundation Det Norske Veritas assumes full ownership of DNV GL and remains committed to Maritime headquarters in Hamburg

The Foundation Det Norske Veritas assumes full ownership of DNV GL and remains committed to Maritime headquarters in Hamburg
Remi Eriksen, DNV GL Group President and CEO. Høvik/Oslo/Hamburg 14 December 2017 – Stiftelsen Det Norske Veritas (The Foundation) and Mayfair announce the sale of Mayfair’s 36.5% shares in DNV GL Group AS to DNV Holding AS. The agreement regarding the leading quality assurance and risk management...
December 14th, 2017 | Classification Societies, Markets, Mergers and Acquisitions, News | Read More

Welsh Global Engineering company Harris PYE Joulon Group

Welsh Global Engineering company Harris PYE Joulon Group
Mark Prendergast The Harris Pye Engineering Group, global specialists in the provision of repairs, upgrades and conversions to the marine, offshore oil and gas, and associated onshore industrial sectors, has been acquired by the Joulon Group  Joulon was created in partnership with KKR, the global investment...
December 13th, 2017 | Markets, Mergers and Acquisitions | Read More

MERCURIA Group to become majority shareholder of Port Lavna investment project

MERCURIA Group to become majority shareholder of Port Lavna investment project
Port Lavna project MERCURIA Group to become majority shareholder of Port Lavna investment project, transport ministry official says MERCURIA Group can become a majority stakeholder of the Port Lavna investment project until a concession agreement is signed under this project, Victor Olersky, Deputy...
December 6th, 2017 | Company Profiles, Markets, Mergers and Acquisitions, News, Ports & Terminals | Read More

Greek business leaders are urged to step up cooperation with Bahrain

Greek business leaders are urged to step up cooperation with Bahrain
L to r: Osama Mohamed al Arrayed (secretary for industry affairs), Christos Kopelouzos, Nicholas Vafias, MPs Miltiadis Varvitsiotis and Adonis Georgiadis of ND, Paris Kalitzantzis, Sheik Salman bin Khalifa, Harry Vafias, Tuwfic Khoury, Terry Andis, George Koutsolioutsos and two secretaries of the Kingdom...
November 14th, 2017 | Events, Mergers and Acquisitions, Trade and Commerce | Read More

MB92 takes 75% stake in Compositeworks

MB92 takes 75% stake in Compositeworks
… La Ciotat, 8 November 2017 – Marina Barcelona 92 (MB92) and Compositeworks (CW) announced today that MB92 has taken a 75 per cent stake in Compositeworks. The remaining 25% will stay in the hands of current shareholders. Compositeworks will continue under the current management of Benjamin...
November 8th, 2017 | Marinas, Mergers and Acquisitions, Shipbuilding and Shipyards, Technical, Technology, Yachting | Read More

Several binding bids for HSH Nordbank – final negotiations starting

Several binding bids for HSH Nordbank – final negotiations starting
Stefan Ermisch • Ermisch: “Investors with forward view on the Bank” • Positive trend of earnings and new business after 9 months • Significant progress in reducing legacy assets HAMBURG/KIEL – The federal state owners Hamburg and Schleswig-Holstein say that several binding bids for the entire...
October 29th, 2017 | Banking, Markets, Mergers and Acquisitions, News | Read More

ABB acquires Tekomar and extends its ABB AbilityTM digital offering

ABB acquires Tekomar and extends its ABB AbilityTM digital offering
… ABB to offer digital engine performance monitoring solution  ABB Turbo Systems Ltd. has signed an agreement to acquire Tekomar Group Ltd. headquartered in Winterthur, Switzerland.  ABB will further develop Tekomar’s digital solution for engine analytics and advisory systems enabling better...
October 24th, 2017 | Marine Equipment Products and Services, Mergers and Acquisitions, Technical, Technology | Read More

Wärtsilä strengthens its expertise in vessel positioning technology by acquiring Guidance Marine

Wärtsilä strengthens its expertise in vessel positioning technology by acquiring Guidance Marine
Wärtsilä Corporation, 10 October 2017 at 2 pm EEST – The technology group Wärtsilä has acquired Guidance Marine Limited, a privately owned company with offices in the UK, Singapore and the USA. Guidance Marine is recognised as a technology leader in the marine industry for sensor solutions...
October 10th, 2017 | Marine Equipment Products and Services, Mergers and Acquisitions, Technical, Technology | Read More

Wärtsilä to acquire Puregas Solutions

Wärtsilä to acquire Puregas Solutions
Wärtsilä Corporation,4 October 2017 at 9.30 am EEST –  The technology group Wärtsilä has reached an agreement to acquire Puregas Solutions, the Sweden based provider of turnkey biogas upgrading solutions. Puregas is a leading player in its field with subsidiary companies in Germany, Denmark,...
October 4th, 2017 | Alternative Sources of Energy, Energy, Markets, Mergers and Acquisitions | Read More

The BDI@1,328: learning to operate in turbulent waters

The BDI@1,328: learning to operate in turbulent waters
John Faraclas The BDI (Baltic Dry Index) lost another 28 points since last Friday and now stands at 1,328 points; Geopolitics continue to get sour on all fronts everywhere on Planet Ocean. John Faraclas’ daily recap: The Capers lost 67 points with the BCI now reading 2,671 points… The Panamaxes’...
October 2nd, 2017 | Alternative Sources of Energy, Banking, Container shipping, Containers, Cruise Ferry, Cruise Industry, Dry Bulkcarriers, Energy, European Union, Gas, Insight, Liner Shipping and Trade, LNG, LPG, Markets, Mergers and Acquisitions, News, Piracy and Terrorism, Politics and Government, Ports & Terminals, Reefer Containers, Reefer ships, Shipfinance, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

C-MAP acquires I-SEA

Recreational boaters to benefit from i-Sea innovation integration with C-MAP C-MAP, a leading supplier of digital marine cartography and cloud-based mapping solutions, today announced the acquisition of i-Sea AS, a technology and consulting company focused on the marine sector. Located in Oslo, Norway,...
September 22nd, 2017 | IT and Communications, Marine Equipment Products and Services, Mergers and Acquisitions, Technical, Technology | Read More

Samskip makes major Norwegian acquisition with Nor Lines takeover

Samskip makes major Norwegian acquisition with Nor Lines takeover
… Samskip has announced that it will acquire activities associated with Nor Lines AS, in a major expansion of its shipping, transport and logistics businesses in Norway.  Subject to approval by Norway’s competition authorities, Samskip has agreed with the DSD Group to acquire the activities...
July 25th, 2017 | Logistics, Mergers and Acquisitions, Ro-Ro and Passenger Ferries | Read More

Damen finalises Keppel Verolme takeover

Damen finalises Keppel Verolme takeover
From the contract signing on a l to r: Durk-Jan Nederlof, Managing Director Damen Shiprepair & Conversion and Ang Ting Yang, General Manager Corporate Development Keppel Offshore Marine. 30 June 2017: Damen Shiprepair & Conversion (DSC), a part of Damen Shipyards Group, today announced the acquisition...
June 30th, 2017 | Mergers and Acquisitions, Ship Conversions, Shipbuilding and Shipyards, Shiprepair | Read More

ORBCOMM acquires inthinc, INC.

ORBCOMM acquires inthinc, INC.
Accelerates ORBCOMM’s entry into the fleet management market by adding best-in-class vehicle telematics and driver safety solutions to its IoT offering Rochelle Park, NJ, June 13, 2017 – ORBCOMM Inc. (Nasdaq: ORBC), a leading global provider of Machine-to-Machine (M2M) and Internet of Things...
June 13th, 2017 | Automobiles, IT and Communications, Land Trasnport, Mergers and Acquisitions, Technical, Technology | Read More

Descartes acquires PCSTrac business

Descartes acquires PCSTrac business
Expands Community and Extends Technology Platform for Pool Distribution and Carton-Level Tracking WATERLOO, Ontario, June 2, 2017 (GLOBE NEWSWIRE) — Descartes Systems Group (TSX:DSG) (Nasdaq:DSGX), the global leader in uniting logistics-intensive businesses in commerce via the Global Logistics...
June 2nd, 2017 | Consumers Market, Logistics, Mergers and Acquisitions, Shopping, Trade and Commerce | Read More

British Steel completes transfer of 50% stake in Redcar bulk terminal

British Steel completes transfer of 50% stake in Redcar bulk terminal
… British Steel today (June 1) announced it has recently completed the transfer of a 50% stake in Redcar Bulk Terminal from Tata Steel, agreed as part of the original purchase of the Long Products Europe business. British Steel Executive Chairman Roland Junck said: “We are delighted to announce...
June 1st, 2017 | Mergers and Acquisitions, Ports & Terminals | Read More

Notice of Trade Name and Location of New Container Shipping Joint Venture-

Notice of Trade Name and Location of New Container Shipping Joint Venture-
.. Kawasaki Kisen Kaisha, Ltd., Mitsui O.S.K. Lines, Ltd., and Nippon Yusen Kabushiki Kaisha have announced that their new joint venture (JV) will operate under the tradename “Ocean Network Express.” The establishment of this new JV, which will integrate the three companies’ container shipping...
May 31st, 2017 | Liner Shipping and Trade, Markets, Mergers and Acquisitions | Read More

HSH Nordbank participated as MLA in the acquisition financing for Beacon Rail

HSH Nordbank participated as MLA in the acquisition financing for Beacon Rail
Dr. Marcus Kleiner HAMBURG/KIEL HSH Nordbank is participating as a Mandated Lead Arranger in providing the acquisition financing for Beacon Rail, the leading European rolling stock leasing company, making available a loan of € 87 million. The total amount of financing in the context of an M&A process...
May 26th, 2017 | Banking, Finance, Markets, Mergers and Acquisitions, News, Rail | Read More

K” Line Group to Merge Two Ship Management Companies

K” Line Group to Merge Two Ship Management Companies
.. “K” Line Group to Merge Two Ship Management Companies- Reorganization of the Group’s Ship Management System for More Secure Services – Kawasaki Kisen Kaisha Ltd. (“K” Line) takes pleasure in announcing that two of its subsidiaries, Taiyo Nippon Kisen Co., Ltd. and Escobal Japan...
May 12th, 2017 | Company Profiles, Liner Shipping and Trade, Mergers and Acquisitions | Read More

Falling Markets and dangerous Geopolitics

Falling Markets and dangerous Geopolitics
John Faraclas The fall continued today both for the Dry and the Wets; the BDI (Baltic Dry Index) lost 13 points and now stands at 1,134. On the Geopolitical front things are getting all over Planet Ocean sour and let’s hope diplomacy is resurrected. John Faraclas’ daily recap: The Capers were the...
April 27th, 2017 | Chartering, Containers, Dry Bulkcarriers, Markets, Mergers and Acquisitions, Military, News, Piracy and Terrorism, Reports, Sales and Purchases, Ship Demolitions, Ship Finance, Shipping Indices, Statistics, Stock Markets, Trade and Commerce | Read More

Wilhelmsen acquires Drew Marine Technical Solutions

Wilhelmsen acquires Drew Marine Technical Solutions
Thomas Wilhelmsen “This acquisition offers a unique opportunity to enhance the scale and geographic reach of our marine products division,” says Thomas Wilhelmsen, group CEO about Wilhelmsen’s acquisition of the technical solutions business from Drew Marine. The acquired business will be brought...
April 27th, 2017 | Company Profiles, Marine Equipment Products and Services, Mergers and Acquisitions, News, Person Profiles | Read More

Hunter Maritime Acquisition Corp. Announces Commencement of Tender

Hunter Maritime Acquisition Corp. Announces Commencement of Tender
Hunter Maritime Acquisition Corp. Announces Commencement of Tender Offer to Purchase up to 8,233,100 of its Class A Common Shares—Tender Offer will Expire at 5:00 p.m. New York City Time on May 26, 2017, Unless Extended or Earlier Terminated April 27, 2017 – Hunter Maritime Acquisition Corp. (Nasdaq:...
April 27th, 2017 | Company Profiles, Markets, Mergers and Acquisitions, Sales and Purchases, Stock Markets | Read More

Hunter Maritime Acquisition Corp. enters into definitive agreements

Hunter Maritime Acquisition Corp. enters into definitive agreements
Hunter Maritime Acquisition Corp. Enters into Definitive Agreements for the Purchase of Five Identified Capesize Dry Bulk Vessels April 26, 2017 – Hunter Maritime Acquisition Corp. (Nasdaq: HUNT) (the “Company”) today announced that it has entered into definitive agreements pursuant to which it...
April 26th, 2017 | Mergers and Acquisitions, Sales and Purchases | Read More

Denholm Group acquire Bennett & McMahon Agencies

Denholm Group acquire Bennett & McMahon Agencies
The Denholm Group, which celebrated 150 years of trading in 2016, has announced the acquisition of Bennett & McMahon Agencies, by Denholm Global Logistics, the forwarding business of the Groups Logistics Division. Bennett & McMahon, based on the Wirral, was formed in 1994, by Mike McMahon and...
April 26th, 2017 | Logistics, Mergers and Acquisitions | Read More

Dachser acquires majority interest in its Irish partner, Johnston Logistics

Dachser acquires majority interest in its Irish partner, Johnston Logistics
Kempten, April 25, 2017. Effective immediately, Dachser becomes majority shareholder of its partner in Ireland, Johnston Logistics Ltd. This allows Dachser to expand and strengthen its logistics network in northwestern Europe. “Our customers in Ireland benefit from uniform services and quality standards,...
April 25th, 2017 | Land Trasnport, Logistics, Mergers and Acquisitions, News | Read More