Prne
September 23rd, 2009
CERGY, France - SPIE today announces the signature of an agreement for the acquisition of EI WHS Ltd.
Owned by the Staveley Engineering Services group, EI WHS is a specialist Electrical and Instrumentation services provider dedicated to the industrial sector and in particular the power generation including nuclear power, Oil & Gas (on-shore and off-shore platforms) and other specialist markets.
Based on a strong engineering skills and track record, EI WHS offers a full range of technical services, notably including, project management, design, installation, commissioning, maintenance and ATEX inspection.
Among its major customers, EI WHS has established long term relationships with large groups such as Alstom Power, Conoco Philips and Rolls Royce.
Headquarted in the North-East of England, EI WHS supports its customers from 5 locations and currently employs circa 326 employees. Total turnover for the last fiscal year ended as of May 31st, 2009 amounted to 48.3 MGBP and is expected to grow significantly over this year.
“With its Power Generation activity, EI WHS positions SPIE within the UK power generation market, for both nuclear and thermal stations, which enjoys a fast growth profile and provides good mid and long term revenue visibility. As well as a presence in the Oil & Gas market for which forecasts are robust” stated Grahame Ludlow in charge of all SPIE group activities in the UK and Chairman and Chief Executive Officer of SPIE Matthew Hall.
“This acquisition is in line with the SPIE’s strategy to expand its activities in Europe and reinforce its presence in the UK originated with the acquisition of Matthew Hall in 2007″, commented Gauthier Louette, Chief Executive Officer of the SPIE group.
The acquisition should be finalized by the end of September 2009.
About SPIE
As European leader in electrical, mechanical and HVAC engineering, energy and communications systems, SPIE provides advanced technical services and solutions to local authorities and businesses to design, build, operate and maintain their facilities.
SPIE’s more than 29,000 employees work from nearly 400 locations in 30 countries and last year SPIE posted sales of EUR3.75 billion and operating income from ordinary activities of EUR172.9 million.
www.spie.com
www.myspie.eu
Source: SPIE
SPIE SA: Pascal Omnès, Communications director, Tel.: +33-(0)1-34-22-58-21, pascal.omnes at spie.com. Agence Droit Devant, Philippe Hériard, Tel.: +33-(0)1-45-77-02-45, heriard at droitdevant.fr
Filed under Acquisitions / Mergers / Takeovers, Computer / Electronics, Construction / Building, High Tech Security, Investors, Technology | Tags: Cergy, France, Spie | Comment Below
Related Press Releases Bloomberg is First to Provide Real-Time Nigerian Exchange DataOctober 7th, 2009 NEW YORK -
The real-time market data feed from the Nigerian Stock Exchange is now available to investors across the globe via the BLOOMBERG PROFESSIONAL(R) service. With this development, Bloomberg users can access real-time trade reports, orderbook updates and index pricing from the Nigerian Stock Exchange. ADM Acquires Czech Oilseed PlantOctober 5th, 2009 ROLLE, Switzerland - Archer Daniels Midland Company (NYSE: ADM) announced today the expansion of its European oilseed processing capabilities with the acquisition of ViaChem Group's oilseed processing assets in Olomouc, Czech Republic. This facility, in the Eastern part of the Czech Republic, consists of an oilseed crushing, refining and biodiesel plant that produces oil and meal for the food, feed and energy markets. Mercuria Energy Acquires Oil Terminal in Port of AntwerpOctober 1st, 2009 LONDON - Mercuria Energy Asset Management B.V., the holding company managing the fixed assets of the Mercuria Energy Group, is pleased to announce a successful acquisition of Nafta (B) N.V., a company operating a 830 thousand cubic meter storage terminal for petroleum products in the Port of Antwerp. (Photo:
The terminal can be used to store a wide range of products from crude oil and gas condensates to Fuel Oil, middle distillates, light ends and chemicals. Shutterstock Announces Acquisition of BigStockPhotoSeptember 22nd, 2009 NEW YORK -
- Move signals Shutterstock's expansion into the credit-based stock photo market
Shutterstock, the world's largest subscription-based stock photo agency, announced that it has acquired BigStockPhoto, a leading credit-based stock photo agency, headquartered in Davis, California. Financial terms of the deal were not disclosed. Doosan Heavy Industries & Construction acquires Leading Turbine Manufacturer Skoda PowerSeptember 13th, 2009 LONDON -
- Acquisition Secures Proprietary Turbine Technologies for Doosan, Completing the Company's All-Round Capabilities in Power Generation Equipment
- Deal Positions Doosan as one of the World's Top-Tier Power Plant Equipment Makers
- Doosan Power Systems to Oversee Skoda Power and Doosan Babcock Energy
Doosan Heavy Industries & Construction (DHIC), the leading Korean heavy industries company, has signed an agreement to buy Czech power plant equipment maker Skoda Power a.s., which will provide the rights to proprietary turbine technologies used in power plants. DHIC and Skoda Holding agreed in Prague, Czech Republic, today the acquisition that gives Doosan a 100% equity stake in Skoda Power. Platinum Equity Acquires GEESINKNORBA From Oshkosh CorporationJune 30th, 2009 LOS ANGELES, California - Platinum Equity today announced it has completed the acquisition of The Geesink Norba Group from Oshkosh Corporation (NYSE:OSK). The company, which has recently been rebranded GEESINKNORBA, is based in Emmeloord, The Netherlands, and is a leading European manufacturer of refuse collection vehicles (RCVs). Quotient Bioresearch Acquires Radiochemical Custom Synthesis Operations From GE HealthcareJune 24th, 2009 CAMBRIDGE, England -
- Acquired Business to Provide Quotient-Amersham Radiochemicals Branded Products and Services - Major Investment in new radiochemicals facility to be Located in Cardiff, Wales
Quotient Bioresearch Limited ("Quotient"), a leading provider of drug development services, announces that it has reached an agreement to acquire Amersham Radiolabeling Services ("Amersham Radiolabeling Services"), the radiochemical custom synthesis operations of GE Healthcare. This represents Quotient's seventh acquisition since its formation in early 2007. The Brattle Group Expands European Presence with the Addition of a New Madrid Office Led by Dr David RobinsonMay 4th, 2009 MADRID - The Brattle Group, a global economic consulting firm, announced today that it has expanded its international presence with the establishment of a new office in Madrid, Spain. The Madrid office will be led by Dr David Robinson, a principal of Brattle and an expert in competition, regulation and corporate strategy in energy and other regulated industries. Spie: 2008 Results - Positive Momentum ContinuesApril 1st, 2009 CERGY, France - As in the previous two years, SPIE achieved good results in 2008. The growth in revenues to nearly EUR3.8 billion and the increase in operating income from ordinary activities (EBIT) to EUR172.9 million attest to the solidity and effectiveness of our development model. IDENTEC SOLUTIONS Acquires Leading Tunnel Safety CompanyMarch 22nd, 2009 LUSTENAU, Austria and KRISTIANSAND, Norway - IDENTEC SOLUTIONS Further Reinforces its Stronghold on the Tunnel,
Oil, Gas and Mining Industry With the Recent Acquisition of the Privately
Held Tunnelcom
Norway based Tunnelcom is well noted for its Automatic Tagging System
(ATS) - an electronic access, passage and safety system. Developed
specifically for the isolated and challenging environments of tunnels and
mines, Tunnelcom's solutions have been deployed all over the globe - most
recently at the Norra Länken project in Stockholm.
Related News Sport Supply Group acquires some team sports assets from Har-Bell Athletic GoodsJuly 30th, 2009 Sport Supply Group acquires assets from Har-BellDALLAS — Sport Supply Group Inc. said Thursday it has bought some team sports assets from Har-Bell Athletic Goods. First Horizon Insurance acquires Tennessee-based Sandlin InsuranceAugust 27th, 2009 First Horizon Insurance acquires Sandlin InsuranceMEMPHIS, Tenn. — First Horizon Insurance Group Inc. Carlisle Companies acquires Jerrik to expand products, capabilities for military programsSeptember 18th, 2009 Carlisle acquires Jerrik for undisclosed priceCHARLOTTE, N.C. — Diversified manufacturer Carlisle Companies Inc. Valeant Pharmaceuticals International acquires Private Formula International HoldingsSeptember 30th, 2009 Valeant Pharmaceuticals buys Private Formula Int.ALISO VIEJO, Calif. — Valeant Pharmaceuticals International said Wednesday it will buy Private Formula International Holdings Pty Ltd., a skin care company, to boost its dermatology portfolio. Black Box acquires privately held Quanta Systems from CompuDyneOctober 5th, 2009 Black Box buys Quanta SystemsCommunications equipment company Black Box Corp. said Monday that it bought privately held Quanta Systems LLC. GMR Energy acquires 33 percent stake in Canadian companyFebruary 25th, 2009 NEW DELHI - GMR Energy Ltd has acquired 33.5 percent stake in Canada-based Homeland Energy Group (HEG), it was announced Tuesday. HEG has strategic interests in coal projects in South Africa and other parts of the world. Piramal Healthcare acquires US firm for $40 mnDecember 22nd, 2008 MUMBAI - Indian pharma major Piramal Healthcare will acquire Minrad Inernational Inc of the US for approximately $40 million, a top company official said here Tuesday. 'This alliance will give us immediate entry into the US market for sevoflurane, the largest selling inhalation anaesthetic in that country and access to key IPR for manufacture of inhalation anaesthetics, including sevoflurane and desflurane,' said Piramal group chairman Ajay Piramal. GMR Infra sets up construction divisionMarch 25th, 2009 NEW DELHI - GMR Infrastructure, the Bangalore-based infrastructure developer focussed on airports, power and highways, Wednesday announced the setting up of a separate division for the construction business. 'This strategy would progressively lead to the backward integration of the company's infrastructure projects, the construction component whereof has so far been outsourced to reputed construction companies,' the company said in a regulatory statement. TRF acquires Lanka's Trailer manufacturerJuly 10th, 2009 KOLKATA - Material handling equipment major TRF Ltd, a Tata group enterprise, has acquired a controlling stake in Sri Lanka's Dutch Lanka Trailer for $8.67 million, a top company official said here Friday. "This is our second acquisition in two years. MSE Earthstone resources acquires 100% economic rights of coal tenement in IndonesiaMarch 19th, 2009 JAKARTA - MSE Earthstone Resources FZC, part of Earthstone Group, a diversified mining company, today announced the acquisition of 100% economic rights for coal tenement extensively spread over 2,560 Hectares in the thermal coal resource region of Melabouh, Aceh, North Sumatra, Indonesia. The Indonesian Department of Mining granted a three-year Kuasa Pertambangan (a mining right) license to PT Bara Bina Perkasa early this month.
|
|
