Siemens has signed an agreement to sell Germany-based mechanical and electrical drive systems supplier Flender to the Carlyle Group for €2.025 billion. Flender provides a range of gear units, couplings, generators, and related services. The company caters to wind power, cement, power generation, oil and gas, marine, water and wastewater, conveyor and crane technology, and […]
Adams Resources & Energy, a US crude oil marketing and transportation company, has acquired Victoria Express Pipeline (VEX Pipeline) and certain associated pipeline terminal facility assets from EnLink Midstream Operating. The financial details of the transaction were not disclosed. The transaction was carried out through Adams Resources & Energy’s crude oil marketing subsidiary – GulfMark Energy […]
India-based IT company Wipro has secured an application management (AMS) and services integration and management (SIAM) contract from Fortum, a Finnish state-owned energy company. Under the five-year agreement, Wipro will manage the application portfolio of the Finnish company across hundreds of applications for 11,500 plus users in 18 countries. Besides, Wipro will have to give […]
Tri Global Energy and Copenhagen Infrastructure Partners (CIP) have started commercial operations at the 162MW Bearkat II wind farm in Texas. Located in Glasscock County on 30,000 acres of leased land, the wind farm comprises 47 V126-3.45 MW Vestas turbines. Christian Skakkebæk – Senior Partner at CIP said: “We are delighted to announce the completion […]
Pretium and funds managed by the Real Estate Equity and Alternative Credit strategies of Ares Management will acquire Front Yard Residential, a US Virgin Islands-based real estate investment trust company, for nearly $2.4 billion, including debt. According to the definitive agreement signed between the parties, the shareholders of Front Yard Residential will receive $13.50 in […]
VanillaSoft, a Texas-based sales engagement software firm, has acquired Autoklose, an email automation and sales intelligence platform vendor, for an undisclosed price. Established in 2018, Autoklose is said to be an all-in-one outbound email automation and integrated B2B contact database platform that helps salespeople to automate their email outreach, prospecting, engagement, and reporting efforts. The […]
Global Processing Services (GPS), a UK-based payments issuer processor backed by private equity firm Dunedin, has secured investment from digital payments giant Visa. The investment is expected to propel the global expansion of Global Processing Services, which works with fintechs, digital banks, and e-wallet providers such as Revolut, Starling Bank, and others. Joanne Dewar – […]
AES Gener has broken ground on the 180MW Andes Solar II-B solar project in Chile, which will incorporate a 112MW/560MWh battery storage system. The Chilean electric utility has also marked the start of construction on the 73MW Campo Lindo wind farm in the Latin American country. According to AES Gener, the Andes Solar facility, which […]
Zenith Energy U.S. said that it has acquired the Long Beach, Dominguez Hills, and Alamitos Terminals – three interconnected terminals located in greater Los Angeles, from Plains All American Pipeline. The financial terms of the deal were not disclosed. Zenith Energy, which is a Houston-based midstream asset company, said that the acquisition shows its commitment to […]
Tata Power said that it has received a letter of award (LOA) from the Gujarat Urja Vikas Nigam Limited (GUVNL) for developing a 100MW solar project in the 5GW Dholera Solar Park in Gujarat, India. The energy generated by the solar plant will be bought by GUVNL, a Gujarat state-owned utility, under a 25-year power […]