Day: June 29, 2021

Electric Motors Market worth USD 176.35 billion by 2027, registering a CAGR of 6.2% – Report by Market Research Future (MRFR)

Written by Customer Service on June 29, 2021. Posted in Mergers And Acquisitions.

New York, June 29, 2021 (GLOBE NEWSWIRE) — Electric Motors Market Overview: According to a comprehensive research report by Market Research Future (MRFR), “Electric Motors Market Research Report, Motor Type, Voltage, Output Power, End-Use and Region – Forecast till 2027”, The market is projected to be worth USD 176.35 billion by 2027, registering a CAGR of 6.2% during the forecast period (2021 – 2027), The market was valued at USD 115.9 billion in 2020. HVAC Industry Drives Worldwide Electric Motors Market The rapid pace of industrialization and commercialization that will propel construction activities around the world – particularly in the Asia Pacific region – will directly drive the global electric motor market expansion. As a result of the increased need for industrial equipment, the global demand for electric...

Lowell Farms Commissioning First-of-its-Kind Cannabis Processing Facility in Salinas Valley

Written by Customer Service on June 29, 2021. Posted in Public Companies.

Facility capable of processing 250,000 lbs. of wholesale cannabis flower annually Commissioning Lowell Farms Services, a new business unit serving California cultivators with midstream processing services Brings additional diversity and volume capacity to our consumer brands Link to Lowell Farms Services Video: https://vimeo.com/568620561 SALINAS, Calif., June 29, 2021 (GLOBE NEWSWIRE) — Lowell Farms Inc. (“Lowell Farms” or the “Company”) (CSE:LOWL; OTCQX:LOWLF) announced that it has acquired real property and related assets and is commissioning a first-of-its-kind cannabis drying and midstream processing facility located in Monterey County, nearby Lowell’s flagship cultivation operation. The 10-acre, 40,000 sq ft processing facility will provide drying, bucking, trimming, sorting, grading, and packaging operations for up to 250,000...

Cryogenic Pump Market worth USD 7.34 billion by 2027, registering a CAGR of 8.27% – Report by Market Research Future (MRFR)

Written by Customer Service on June 29, 2021. Posted in Mergers And Acquisitions.

New York, June 29, 2021 (GLOBE NEWSWIRE) — Cryogenic pump Market Overview: According to a comprehensive research report by Market Research Future (MRFR), “Cryogenic pump Market Research Report, Type, Gas, End-Use and Region – Forecast till 2027” The market is projected to be worth USD 7.34 billion by 2027, registering a CAGR of 8.27% during the forecast period (2021 – 2027), The market was valued at USD 3.91 billion in 2020. Multiple Factors to Augment Market Growth The primary forces responsible for the growth of the cryogenic pump market trends include an increase in gas-based power generation and increase in demand for power and energy industry in practically all regions. The need for cryogenic pumps has increased in tandem with the rising demand for cryogenic pumps. With rising power sector demand, the need for...

SalMar – Scottish Sea Farms Ltd. enters into a Share Purchase Agreement to acquire Grieg Seafood Hjaltland UK Ltd.

Written by Customer Service on June 29, 2021. Posted in Public Companies.

Scottish Sea Farms Ltd. (“SSF”), a vertically integrated Scottish salmon farming company owned 50/50 by Lerøy Seafood Group ASA and SalMar ASA, has today, 29 June 2021, signed a Share Purchase Agreement to acquire 100% of the Shares in Grieg Seafood Hjaltland UK Ltd. (“GSHU”) from Grieg Seafood ASA (the “Transaction”). The purchase price on a cash and debt free basis, and assuming a normalized level of working capital, is set to GBP 164 million. GSHU is a vertically integrated Scottish salmon farming company with operations on Shetland and Isle of Skye. The company has currently 21 active seawater sites, a freshwater facility, and a processing facility, and harvested approximately 16,000 tonnes (HOG) of Atlantic salmon in 2020. SSF is one of the largest salmon farmers in Scotland and has operations on mainland, Orkney and Shetland. SSF...

Grieg Seafood ASA sells its Shetland operations for GBP 164 million

Written by Customer Service on June 29, 2021. Posted in Public Companies.

Grieg Seafood ASA (the Company) has entered into an agreement with Scottish Sea Farms Ltd for the disposal of all shares in Grieg Seafood Hjaltland UK Ltd, the parent company of Grieg Seafood ASA’s Shetland business. The enterprise value is set to GBP 164 million, assuming a normalized working capital, and to be adjusted for cash and debt. The transaction is subject to certain customary closing conditions. It is expected to close within Q4 2021, depending on processing time with relevant competition authorities. Commenting on the transaction, Andreas Kvame, CEO of Grieg Seafood ASA, said: “The discontinuation of our salmon farming operations in Shetland is part of our communicated strategy, and the disposal represents an important milestone in Grieg Seafood’s strategy to concentrate future farming activities in Norway and Canada, where...

Lerøy Seafood Group ASA: Scottish Sea Farms Ltd. enters into a Share Purchase Agreement to acquire Grieg Seafood Hjaltland UK Ltd.

Written by Customer Service on June 29, 2021. Posted in Earnings Releases And Operating Results.

Scottish Sea Farms Ltd. (“SSF”), a vertically integrated Scottish salmon farming company owned 50/50 by Lerøy Seafood Group ASA and SalMar ASA, has today, 29th June 2021, signed a Share Purchase Agreement to acquire 100% of the Shares in Grieg Seafood Hjaltland UK Ltd. (“GSHU”) from Grieg Seafood ASA (the “Transaction”). The purchase price on a cash and debt free basis, and assuming a normalized level of working capital, is set to GBP 164 million. GSHU is a vertically integrated Scottish salmon farming company with operations on Shetland and Isle of Skye. The company has currently 21 active seawater sites, a freshwater facility, and a processing facility, and harvested approximately 16,000 tonnes (HOG) of Atlantic salmon in 2020. SSF is one of the largest salmon farmers in Scotland and has operations on mainland, Orkney and Shetland....

Concentrated Solar Power Market to reach USD 16.41 billion by 2027 – Report by Market Research Future (MRFR)

Written by Customer Service on June 29, 2021. Posted in Mergers And Acquisitions.

New York, June 29, 2021 (GLOBE NEWSWIRE) — Concentrating Solar Power Market Overview: According to a comprehensive research report by Market Research Future (MRFR), “Concentrating Solar Power Market Research Report, Technology, Components, End User and Region – Forecast till 2027” the market size is projected to reach USD 16.41 billion by 2027 from an estimated USD 7.60 billion in 2020 with ~ 17.1% CAGR from 2020 to 2027. The concentrating solar power market is proliferating on the global platform. Concentrating Solar Power (CSP) has several advantages over Photovoltaic (PV), such as higher efficiencies, lower investment costs, and an inherent thermal storage capacity that enables power generation even during cloudy weathers, after sunset, and a better hybrid operation capability with other fuels meeting the base-load demand...

GrandVision takes note of EssilorLuxottica’s decision to close the transaction with HAL on 1 July 2021

Written by Customer Service on June 29, 2021. Posted in Mergers And Acquisitions.

GrandVision takes note of EssilorLuxottica’s decision to close the transaction with HAL on 1 July 2021 Schiphol, The Netherlands – 29 June 2021 Today, GrandVision (Euronext: GVNV) has taken note of the press release issued by EssilorLuxottica SA (Euronext: EL), announcing its decision to complete the acquisition of HAL’s 76.72% interest in GrandVision on 1 July 2021 as per the terms and conditions of the agreement entered into on 30 July 2019, including a price of EUR 28.42 per share. Further announcements will be made if and when required.AttachmentGrandVision Press Release

Approval of CN-KCS Voting Trust Is Essential Next Step for Shippers and Others to Have Their Say on What Constitutes Enhanced Competition

Written by Customer Service on June 29, 2021. Posted in Mergers And Acquisitions.

CN and KCS to make next filing with STB on July 6 1,700 letters of support filed with the STB, including 967 specifically requesting STB approval of the CN voting trust as public comment period closes Letters of support from 3 governors, 28 mayors and 11 members of Congress, including Congressmen Sam Graves and Bennie Thompson, shippers, rail labor leaders, and key business organizations as well as vital shortline partners MONTREAL and KANSAS CITY, Mo., June 29, 2021 (GLOBE NEWSWIRE) — CN (TSX: CNR, NYSE: CNI) and Kansas City Southern (NYSE: KSU) (“KCS”) today noted that the Surface Transportation Board’s (“STB”) comment period regarding the companies’ application for approval of a voting trust has closed, marking another key step toward creating the premier railway for the 21st century through the end-to-end, pro-competitive combination...

AG2R LA MONDIALE closes the acquisition of Ægide-Domitys

Written by Customer Service on June 29, 2021. Posted in Mergers And Acquisitions.

Press releaseParis, June 29, 2021 AG2R LA MONDIALE finalizes the acquisition of Ægide-Domitysand plans an ambitious development road map alongside Nexity Nexity and AG2R LA MONDIALE announce that they have finalized negotiations for the sale of control of the Ægide-Domitys group, the French leader in senior residences, in accordance with the terms communicated on April 8. At the end of the transaction, which was approved by the French Competition Authority on June 22, 2021 and which was completed today, AG2R LA MONDIALE becomes the majority shareholder with 67% of the capital, with Nexity retaining an 18% stake and the founders of Ægide-Domitys, around Jean-Marie Fournet (JMF Conseil) 15%. The transaction amounts to 375 million euros (enterprise value for 100% of the capital). The transaction includes the conclusion of a long-term non-exclusive...

Day: June 29, 2021

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