rss icon Subscribe
desktop mobile

Mergers & Acquisitions

CADMATIC Acquires Kymdata, CADS Software

CADMATIC CEO Jukka Rantala (left) and Kymdata CEO Jyrki Metsola (right) shake hands on the acquisition agreement.
 (Photo: Cadmatic)

CADMATIC has acquired Finnish software company Kymdata Ltd. including the entire share capital as well as IPRs to all Kymdata’s CADS software and its business agreements. The acquisition increases CADMATIC’s estimated turnover to EUR 28 million. With the addition of Kymdata’s 43 employees, CADMATIC will employ over 200 people.

SPII Holdings Acquires DryShips

File Photo: DryShips

The dry bulk shipping company based in Athens DryShips Inc. will be acquired by SPII Holdings Inc. a company controlled by George Economou, under which SPII will acquire the outstanding shares for $5.25 per share in cash, without interest.As previously disclosed, DryShips is to be merged into a subsidiary of SPII Holdings,

Linklaters Advises GIG on Iberdrola's EA1

East Anglia One. Image: Iberdrola, S.A.

London-based multinational law firm Linklaters has advised Green Investment Group (GIG) on the acquisition of a 40% stake in Iberdrola’s Scottish Power Renewables’ 714MW East Anglia One offshore wind farm.Once commissioned in 2020, it will be one of the world’s largest wind farms, said a note from the British law firm.

Spectrum is Now TGS

Pic: Spectrum

Norwegian seismic player TGS-NOPEC Geophysical Company (TGS) has completed its acquisition of Spectrum, creating a global multi-client geophysical data provider.TGS first announced its intent to acquire Spectrum on 2 May 2019, said a press release from TGS.Completion of the acquisition and the merger

Iberdrola Sells Stake in East Anglia One to GIG

Image: Iberdrola

Spanish public multinational electric utility company Iberdrola has entered into an agreement with Green Investment Group (GIG), part of Macquarie Group, to sell a 40% share in the East Anglia One offshore wind farm.The group will continue to be the majority shareholder, with 60% of this offshore wind farm,

ICTSI Sells Stake in Motukea Port

Image: ICTSI

International Container Terminal Services, Inc. (ICTSI) is selling its 30% stake in a company that operates the Motukea Port, Papua New Guinea.According to a stock exchange announcement, ICTSI South Pacific Ltd, a subsidiary of ICTSI, has entered into agreements with Noho-Mage Holdings Ltd. for the

Saga Sells Sapphire Vessel to Turkish Firm

Image: Saga

Turkish-based tour operator Anex Tour is entering the cruise business with the acquisition of Saga Cruises' Saga Sapphire.Anex chairman Neset Kockar said the acquisition would allow the Turkish holiday giant to create a “unique eastern Mediterranean cruise experience”. “With changing habits of travelers,

Genting HK Sells Stake in Dream Cruises

Image: Dream Cruises

Genting Hong Kong, a member of the Malaysian Genting Group, has reached an agreement to sell a 35% stake in global cruise ship company Dream Cruises to Canada’s TPG Darting, which is owned by TPG Capital Asia and Growth Funds.The company said the deal would strengthen its balance sheet as well

James Fisher Acquires SM Continental

Image:  James Fisher

UK's marine engineering services provider James Fisher and Sons has acquired 60% of the share capital of Continental Participação E Administração, the holding company of Brazilian subsea specialist Serviços Marítimos Continental.Continental, an established

Seacor to Acquire JV Partner's Sea-Vista Stake

Eric Fabrikant, Chief Operating Officer of SEACOR Holdings Inc. (CREDIT Seacor Holdings)

Seacor Holdings Announces Acquisition of Joint Venture Partner’s Interest in Sea-Vista.SEACOR Holdings Inc. announced that it has become the sole owner of its consolidated SEA-Vista joint venture, acquiring through a subsidiary the 49% interest that had been owned by an affiliate of Avista Capital Partners (the “Seller”).

PSA International Buys Canada's Halterm

Picture courtesy: Halterm Container Terminal

Singapore-based port operator PSA International has completed the acquisition of Halterm Container Terminal in the Port of Halifax, Canada, from Macquarie Infrastructure Partners."PSA International Pte Ltd concluded the purchase of the terminal from Macquarie Infrastructure Partners after formal approval by regulatory authorities,

BRP Completes Acquisition of Telwater

Photo: BRP

BRP has announced the completion of the previously-announced acquisition of 80% of the outstanding shares of Telwater Pty, Ltd ("Telwater"), Australia's leading manufacturer of aluminum boats and trailers.As BRP’s third boat acquisition, Telwater’s addition to the Marine Group

KOTUG, Boskalis Sell Kotug Smit Shares

Photo: KOTUG

KOTUG and Boskalis sell Kotug Smit Towage shares to Boluda Group (Boluda).KOTUG International BV and Royal Boskalis Westminster N.V. have successfully concluded the sale of Kotug Smit Towage to Boluda Group (Boluda), in line with the initial announcement of 4 March 2019.By partnering with Boskalis’ subsidiary SMIT in 2016,

MacGregor Completes TTS Acquisition

Grip-based Automooring. Image: TTS Group ASA

Finnish cargo-handling machinery giant Cargotec announced that its unit MacGregor, which provides solutions and services for handling marine cargoes, has completed the acquisition of the marine and offshore businesses of TTS Group ASA."MacGregor business area has completed the acquisition of the marine and offshore businesses of TTS Group ASA.

Maritime Apps