All Mergers and acquisitions articles – Page 39
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Fairmount tows Sevan Louisiana
April 14 - Fairmount Marine's Fairmount Sherpa has towed the ultra deep water rig Sevan Louisiana over 18,500 km from Singapore to Cura
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Loomis to buy VIA MAT
April 14 - Loomis AB has entered into an agreement to acquire 100 percent of the shares in Zurich-based VIA MAT Holding AG, which has an enterprise value of approximately CHF200 million (USD227.3 million)
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ENTREC lowers 2014 revenue expectations
April 14 - ENTREC Corporation has reduced its expectations regarding revenues for 2014, blaming lower levels of equipment utilisation, which it expects to continue into the second quarter of 2014. These reduced expectations primarily relate to the timing
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ALE buys ECR Group
April 9 - UK headquartered ALE Heavy Lift has acquired the majority of shares in ECR Group. The acquisition follows a successful joint venture between the two companies.
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New Brazilian office for Bellville Rodair
April 8 - OIA Global has opened a new Bellville Rodair International office in Sao Paulo.
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Saltchuk makes Tropical acquisition
April 8 - A subsidiary of Saltchuk Resources has entered into a binding purchase and sale agreement to acquire Tropical Shipping and its related transportation, consolidation and cargo insurance companies.
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Projects and contracts - April 4th 2014
Here is a round up of some key developments in the engineering, procurement and construction (EPC) sector from the past week, including a QDVC-led JV winning a large motorway construction project and Wood Group securing retrofit projects in Australia.
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Further consolidation for container shipping, says Fitch
March 31 - Fitch Ratings says that consolidation in the container shipping segment via alliances or mergers is likely to accelerate due to persistent overcapacity and freight rates pressure.
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Bishop acquires Delta
March 28 - SBP Holdings, through its wholly owned subsidiary Bishop Lifting Products, has completed the acquisition of Houston headquartered Delta Rigging & Tools.
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EPC round up - March 21, 2014
March 21 - Here is a round up of some of the most important developments in the engineering, procurement and construction (EPC) sector from the past week.
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Lagasee heads up Zeeland
March 18 - Jan Lagasee has been appointed interim ceo of NV Zeeland Seaports.
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BNSF to invest USD5 billion
March 17 - BNSF Railway Company (BNSF) has revealed a USD5 billion capital commitment plan for 2014, up USD1 billion over its 2013 capital spend.
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The Friday Flyer - March 14th 2014
This week's round up of news from the world of heavy lift and project forwarding.
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Air Charter Service Group, Hangar 8 merger talks end
March 13 - Merger talks between the Air Charter Service Group (ACS) and Oxford-based aircraft management company Hangar 8 have been terminated, ACS confirmed today..
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Boskalis breaks records in 2013
March 13 - Royal Boskalis Westminster - the Netherlands based dredging and marine contractor - posted a record net profit of EUR366 million (USD511 million) in 2013, up from EUR249 million (USD347.7 million) in 2012.
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ENTREC fixes funds
March 7 - ENTREC Corporation has closed a new USD240 million senior secured asset-based credit facility, the ABL Facility, with a syndicate of lenders led by Wells Fargo Capital Finance Corporation Canada.
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Pan Ocean looking for merger or acquisition
March 6 - Korean shipping company, Pan Ocean has appointed Samil PricewaterhouseCoopers as its advisor to provide guidance and support in a potential merger or acquisition operation.
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CNCo completes acquisition of Pacifica
March 6 - The China Navigation Company (CNCo) has completed the purchase of Pacifica Shipping from New Zealand's Skeggs Group of companies.
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Boskalis reaches agreement on Fairmount acquisition
March 3 - Royal Boskalis Westminster nv has reached an agreement to acquire Fairmount Marine bv and Fairmount Ocean Towage Company bv from the French group Louis Dreyfus Armateurs.