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ArcelorMittal announces US$1.0 bn three-year investment programme in Mexico
MAGAZINE - NOVEMBER 2017
India-EIB US$350 mn Bangalore Metro Phase II agreement
Elliott Management will acquire Gigamon
for $1.6 bn
H.B. Fuller has acquired Royal Adhesives & Sealants for $1.5 bn
DENSO invests $ 1 bn in U.S. automotive manufacturing
H.B. Fuller has acquired Royal Adhesives & Sealants for $1.5 billion
BoostingH.B. Fuller’s problem- solving potential, the company announces it has finalized its acquisition of Royal Adhesives & Sealants for $1.575 billion. Few people realize the impact of adhesives. They are everywhere, making virtually any durable or consumer product better. Adhesives have the potential to make the world a better place, and H.B. Fuller is tapping adhesives in unique ways to improve a range of global issues.
H.B. Fuller, combined with Royal, deepens its expertise in specialty and high-value applications used in a range of sectors, including electronics, hygiene, medical, transportation, clean energy, construction, and more.
“We are passionate about being the best adhesives provider in the world, and we’ve been investing significantly over the last decade to make it a reality,” said H.B. Fuller CEO Jim Owens. “With complementary adhesives expertise from Royal, we’re able to make an even bigger impact on improving people’s lives. Our customers will benefit from a broader portfolio and expanded development and production capabilities. We’ll be a more capable and dynamic company with additional opportunities for the thousands of dedicated H.B. Fuller and Royal employees around the world. And, the acquisition accelerates our business strategy and positions us to exceed our 2020 targets.”
Read article on globalfdi.net
DENSO, one of the world’s largest automotive technology, systems and components suppliers, is expanding its U.S. footprint with a $1 billion investment in its Maryville, Tennessee location. The investment is part of DENSO’s commitment to advancing automotive innovation in North America, and will significantly increase the role North America plays in the global trend toward vehicle safety and electrification.
DENSO has been developing its roadmap for future mobility for the past three years, including determining the best location to establish its North American manufacturing hub. DENSO will create more than 1,000 jobs in Maryville, Tennessee to make it a primary manufacturing center in North America for electrification and safety systems. Globally, DENSO is a leading developer of electrification systems for environmentally-friendly automobiles, sophisticated functions involved in vehicle safety and security, and new services that connect vehicles and society. These systems will play a crucial role in meeting increasing electric vehicle demand.
“This is an investment in the future of DENSO, and also the future of transportation. We are seeing dramatic shifts in the role of transportation in society, and this investment will help position us to meet those changing demands,” said Kenichiro Ito, chairman of DENSO’s North America Board of Directors and chief executive officer of DENSO International America.
“Since setting roots here, DENSO has played a major role in helping Tennessee transform into an automotive production leader,” said Jack Helmboldt, member of DENSO’s North America Board of Directors and president of DENSO Manufacturing Tennessee. “This investment enables us to provide new opportunities for top talent to advance the next generation of vehicles.”
DENSO invests US$ 1 billion in U.S. automotive manufacturing
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Gigamon Inc., the industry leader in traffic visibility solutions, and Elliott Management ("Elliott"), a leading multi-strategy private investment firm, announced that they have entered into a definitive agreement under which Elliott will acquire Gigamon for $38.50 per share in cash, for a total value of approximately $1.6 billion. Upon completion of the transaction, Gigamon will become a privately held company. Elliott's investment is being led by its private equity affiliate, Evergreen Coast Capital ("Evergreen").
Under the terms of the agreement, Gigamon shareholders will receive $38.50 in cash for each share of Gigamon common stock held. The purchase price represents a premium of approximately 21% to the Company's unaffected closing price on April 28, 2017, the day following the Company's release of its first quarter 2017 financial results and the date on which Elliot became required to file a Schedule 13D with respect to its ownership interest in Gigamon. The agreement was unanimously approved by the Gigamon Board of Directors.
"We are pleased to announce this transaction, which delivers immediate cash value to our shareholders upon closing at a premium to our unaffected stock price," said Paul Hooper, Chief Executive Officer of Gigamon. "The Gigamon Board, with the assistance of independent financial and legal advisors, conducted a thorough review of options to enhance shareholder value and unanimously concluded that entering into this agreement with Elliott represents the best way to maximize value. We remain committed to our mission-critical role and to the success of our customers, employees and partners. Elliott and Evergreen have deep technology experience and share our long-term vision for next-generation traffic visibility across on-premises, cloud and hybrid infrastructure."
"As the leading provider of visibility solutions that enable enterprises to guard against network and data breaches, Gigamon has a strong track record of innovation and delivering customer value that makes it a compelling investment," said Jesse Cohn, Partner at Elliott. "In partnership with Evergreen Coast Capital, our private equity affiliate, this is a landmark transaction in our long history of investing in leading enterprise technology businesses. We look forward to working with the management team and employees of Gigamon to build on the Company's leadership and extend its global relationships with customers and partners."
Elliott Management will acquire Gigamon
for $1.6 billion
ArcelorMittal announces US$1.0 billion three-year investment programme in Mexico
ArcelorMittal (‘the Company’) announces a major US$1 billion, three-year investment programme at its Mexican operations, which is focussed on building ArcelorMittal Mexico’s downstream capabilities, sustaining the competitiveness of its mining operations and modernising its existing asset base. The programme is designed to enable ArcelorMittal Mexico to meet the anticipated increased demand requirements from domestic customers, realise in full ArcelorMittal Mexico’s productive capacity of 5.3 million tonnes and significantly enhance the proportion of higher-value added products in its product mix, in-line with the Company’s Action 2020 strategic plan.
The main investment will be construction of a new hot strip mill. Construction will take approximately three years and, upon completion, will enable ArcelorMittal Mexico to produce c. 2.5 million tonnes of flat rolled steel. Coils from the new hot strip mill will be supplied to domestic, non-auto, general industry customers. Further investments will be made at Lázaro Cárdenas to improve the quality and productivity of the asset base, with additional investment in the group’s Mexican mining operations.
Bombardier Commercial Aircraft announced that it has concluded a firm purchase agreement with SpiceJet Limited (“SpiceJet”) of Gurgaon, India for up to 50 Q400 turboprop airliners, making it the largest single order ever for the Q400 turboprop aircraft program and bringing total Q400 firm orders to over 600 Q400 aircraft. Upon delivery, the airline will become the first in the world to operate a 90-seat turboprop, pending certification by regulatory authorities.
The purchase agreement includes 25 Q400 turboprops and purchase rights on an additional 25 aircraft. Based on list prices, the order is valued at up to US $ 1.7 billion.
“We are very proud to firm up this agreement with SpiceJet as it is another demonstration of the Q400’s unique versatility. This repeat order will not only increase the Q400 aircraft fleet in the fast-growing regional market in India and in the Asia-Pacific region but will also launch the high-density 90‑passenger model,” said Fred Cromer, President, Bombardier Commercial Aircraft. “This order confirms the airlines’ increased capacity needs on regional routes with high passenger demand and demonstrates the increased profitability potential that this unique turboprop configuration has to offer.”
“I am pleased to confirm SpiceJet’s latest order for up to 50 Bombardier Q400 planes, which has been announced at the Paris Air Show. I am sure this fresh order will help us further enhance connectivity to smaller towns and cities and help realize Prime Minister Narendra Modi’s vision of ensuring that every Indian can fly,” said Ajay Singh, Chairman and Managing Director, SpiceJet. “SpiceJet operates India’s largest regional fleet and has always been a firm believer in the growth story of India’s smaller towns and cities. We have worked hard over the years to put these smaller towns on the country’s aviation map and will strive to keep that momentum going in the times to come.”
Bombardier signs 50 jets deal with SpiceJet for $1.7 billion
BASF inaugurates enzyme-based production plant in Nanjing, China
BASF celebrated the opening of a new state-of-the-art production plant for biocatalyzed acrylamide at its site in Nanjing Chemical Industrial Park, Nanjing, China.
With this investment in its wholly-owned BioACM plant in Nanjing, BASF is strengthening its production set-up for reliable and high-quality supply of poly acrylamide to customers in Asia Pacific, especially in China. The plant has a capacity of more than 50,000 tons of biocatalyzed acrylamide per year.
Acrylamide is used in the production of water-soluble flocculation aids that make wastewater treatment and papermaking, as well as mineral processing and enhanced oil recovery, more efficient and less resource-intensive. This new plant further strengthens BASF’s position in the region and will help expand cost-competitive supply to meet the growing demand of these water-intensive industries.
BASF has been producing biocatalyzed acrylamide in Suffolk, USA, since 2014 and started operations at its European BioACM plant in Bradford, England, in 2016. With this successful start-up in China, BASF now has three state-of-the-art production facilities located in key markets worldwide.
“The completion of the BioACM plant in Nanjing is an important milestone.
The construction of a new polyacrylamide production line is currently underway and is expected to go on stream in 2018. With investments into upstream and downstream plants, we continue to strengthen our position as a leading partner for the paper and water treatment industries,” explained Andreas Tuerk, Senior Vice President Paper and Water Chemicals from BASF.
Electrolux announced that the Brazilian court administering the bankruptcy of Mabe Brazil has accepted a BRL 70 million (SEK 178 million) bid to acquire the intellectual property assets of the estate. Electrolux will consequently take over the rights to the Continental brand of home appliances.
Continental is a well-known, traditional brand, with a long history of supplying cooking, cooling and laundry products to Brazilian families.
Electrolux acquires Continental brand in
Airbus and Bombardier announce C Series Partnership
Airbus SE and Bombardier Inc. are to become partners on the C Series aircraft programme. The agreement brings together Airbus’ global reach and scale with Bombardier’s newest, state-of-the-art jet aircraft family, positioning both partners to fully unlock the value of the C Series platform and create significant new value for customers, suppliers, employees and shareholders.
Under the agreement, Airbus will provide procurement, sales and marketing, and customer support expertise to the C Series Aircraft Limited Partnership (CSALP), the entity that manufactures and sells the C Series. At closing, Airbus will acquire a 50.01% interest in CSALP. Bombardier and Investissement Québec (IQ) will own approximately 31% and 19% respectively.
CSALP’s headquarters and primary assembly line and related functions will remain in Québec, with the support of Airbus’ global reach and scale. Airbus’ global industrial footprint will expand with the Final Assembly Line in Canada and additional C Series production at Airbus’ manufacturing site in Alabama, U.S. This strengthening of the programme and global cooperation will have positive effects on Québec and Canadian aerospace operations.
Airbus is strongly committed to Canada and its aerospace sector with Canadian suppliers extending their access to Airbus’ global supply chain. This new C Series partnership is set to secure jobs in Canada for many years to come.
KBR to acquire Australian ICT services company Sigma Bravo
KBR, Inc., announced it has entered a definitive agreement to acquire Sigma Bravo Pty Ltd, a leading provider of high-end Information and Communication Technology (ICT) services specializing in mission planning systems and solutions to the Australian Defence Force (ADF).
Sigma Bravo delivers an array of specialist Aerospace ICT based solutions supporting ADF's critical mission planning and information management systems and programs. Sigma Bravo's end-to-end solutions are backed by an innovative team of former aircrew, engineers, software developers and project managers who have the professional skills and experience needed to optimize solutions.
The acquisition of Sigma Bravo represents KBR'S entry into classified work in Australia and is a continued element of KBR's strategy to expand its global Government Services offerings. Sigma Bravo will become a KBRwyle company reporting within KBR's Government Services segment and will maintain its current structure to ensure business continuity.
"The transaction reinforces KBR's Government Services strategy to grow and enhance our high-end technology and science-driven services that will help to drive longer-term revenue visibility and higher value," Bradie continued. "We are very pleased to welcome them to KBR and to KBRwyle."
Investcorp, a leading provider and manager of alternative global investment products, announced that it has agreed to acquire Kee Safety Ltd ("Kee Safety" or the "Company"), a global supplier of safety solutions and products designed to protect people from hazards, from Dunedin LLP and LDC for an enterprise value of £280 million ($370 million).
Established in the UK in 1934 and headquartered in Birmingham, Kee Safety is the leading global provider of fall protection solutions and products associated with working at height. The Company's products have a longstanding reputation for their quality, reliability and safety and include fall prevention equipment, roof edge protection, barrier and guardrail systems and safe access solutions. Today, the Company has a global presence and sells its products across more than 60 countries worldwide to a broad range of customers, from multi-national corporations to distributors and installers. The Company employs 480 people and has established operations in 10 countries, including the US and China.
Investcorp plans to support Kee Safety's international growth strategy both organically and by considering further add-on acquisitions, expanding the Company's geographic footprint and strengthening its presence in existing markets. Operating in a highly fragmented market, Kee Safety is well positioned to leverage its strong reputation for the reliability of its products and its scalable business model to benefit from increasing levels of safety regulation and enforcement around the world, and to deliver above market growth rates.
Jose Pfeifer, Principal in Investcorp's European Corporate Investment group, said: "Kee Safety has grown at an impressive rate across international markets whilst maintaining excellent standards in the quality and reliability of its product range. We believe that the Company is well-positioned to solidify its leading position and gain a greater market share in a sizeable, growing and fragmented industry. We look forward to working in partnership with the current management team as Kee Safety continues to increase its penetration into existing and new markets."
Investcorp acquires Kee Safety Ltd for $370 million
To expand its global electrified powertrain offerings and strengthen its local footprint in China, Magna has entered into a joint-venture agreement with Huayu Automotive Systems Co., Ltd.(HASCO,600741.SH), a subsidiary of SAIC Motor. The JV will initially produce an electric-drive powertrain system for a German automaker. A signing ceremony was held today with executives from both JV partners.
Magna designs and manufactures a portfolio of versatile and innovative products that bring power to the wheels of passenger cars and light trucks.
For the initial customer order, the JV will leverage Magna's innovative, highly integrated e-drive system with a focus on the production of the system mainly for the Chinese market. Both partners will give the JV full support to develop localized core competencies in terms of market development, R&D, advanced manufacturing and key parts supply such as gearboxes, inverter components and e-motors, which are key to delivering advanced powertrain technologies and a stronger product portfolio to customers.
"The new-energy vehicle (NEV) market will continue to grow at a rapid speed in China. With this trend, SAIC Motor is developing the New Four Modernization strategy focusing on car electrification, connectivity, intelligence, and sharing economy," Mr. Chen Zhixin, President of SAIC Motor and Vice Chairman of HASCO, said. "The establishment of the JV, a strong combination of HASCO and Magna's strength to initiate cooperation in NEV electrified powertrain systems, has been a milestone for HASCO to develop its core competencies in the field of key new-energy-related components, as well as a critical measure to strengthen the New Four Modernization strategy for SAIC."
"China is the number-one growth market in the world, and they have been clear about their intended leadership in bringing hybrid and electric vehicles to market," said Don Walker, Magna CEO. "Combining strengths with HASCO helps position Magna and the joint venture for future growth and success."
Magna possesses the skills and experience to develop and manufacture electrified powertrains. This includes all key components for modern e-drive systems: e-motor, gearbox, inverter and control software. For nearly 10 years, Magna has been supporting customers in the U.S. and Europe from concept to production with products for battery electric and plug-in hybrid vehicles.
Magna Forms E-Powertrain Joint Venture in China
Saint-Gobain finalizes the acquisition of Glava
Saint-Gobain announced that the Group had entered into exclusive talks with the founding families and shareholders of Glava to buy their shares. Having received the clearance from the Norwegian Competition Authority, the transaction is now completed.
A leading player on the insulation market in Norway, Glava reported sales of over €140 million in 2016. The company has two glass wool plants, at Askim, 55 km from Oslo, and at Stjørdal near Trondheim. It also has workshops producing expanded polystyrene and ceilings. Glava supplies a comprehensive range of insulating products and accessories to its customers.
This acquisition enables Saint-Gobain to reinforce its position in the Nordics in line with its strategy.
Synopsys Acquires Sidense Corporation
Synopsys, Inc., announced that it has acquired Sidense Corporation, a leading provider of one-time programmable (OTP) non-volatile memory (NVM) for automotive, mobile, industrial and Internet of Things (IoT) applications. The acquisition complements Synopsys' existing DesignWare®Multi-Time Programmable (MTP) NVM IP solution with OTP NVM IP in 16-bit to 1.28-Mbit configurations. With this acquisition, Synopsys gains access to proven, market-leading OTP NVM IP in process technologies from 180- to 16‑nm along with a team of highly experienced R&D engineers.
The terms of the deal, which is not material to Synopsys financials, have not been disclosed.
"Sidense's OTP NVM IP offers designers a secure, area-efficient solution for fuse replacement, secure key storage, device ID, analog trim, and code storage," said Joachim Kunkel, general manager of the Solutions Group at Synopsys. "By adding OTP NVM from Sidense to our DesignWare IP portfolio, Synopsys provides designers with a broader NVM IP solution that offers small area, fast access times and high reliability for their SoC designs."
Sidense's embedded one-transistor OTP technology is based on its patented split-channel 1T-Fuse™ bit-cell architecture that provides better yield, higher security, improved reliability and lower overall product cost. Sidense's antifuse-based OTP NVM technology offers ultra-low power, small area NVM IP with read access times as fast as 10 nanoseconds. The OTP NVM IP can be manufactured in standard-logic CMOS fabrication processes and does not require any additional mask layers or process steps. The IP is in high-volume production in automotive, mobile and industrial applications.
Nationwide Boiler Inc. Acquires Pacific Combustion Engineering / Ponder Burner Company
Nationwide Boiler Inc., a leading supplier of temporary and permanent boiler systems, boiler support equipment, and emissions control equipment, has announced the acquisition of Pacific Combustion Engineering / Ponder Burner Company. In their fifty-year history this is Nationwide Boiler's first ever purchase of another company, led by President and CEO, Larry Day, along with the assistance of Vice President & CFO, Michele Tomas, and Director of Operations, Sean McMenamin.
The acquisition of Pacific Combustion Engineering / Ponder Burner Company, with headquarters in Washougal, Washington (near Portland, OR), further increases Nationwide Boiler's share in the industrial equipment market and expands the company's coverage in the Pacific Northwest for rentals, sales and service. "The combination of Pacific Combustion Engineering / Ponder Burner Company's highly rated UL508A & 698A panel shop and engineering and fabrication capabilities, paired with Nationwide Boiler's robust product line, will allow us to continue providing customers with the highest quality equipment in the industry," stated Mr. Day.
In addition to expanded coverage in the region, the acquisition of Pacific Combustion Engineering / Ponder Burner Company will enhance Nationwide Boiler's product offerings, with the ability to provide control systems across multiple industries that utilize combustion equipment. All panels are fabricated to the highest safety standards, including SIL I-IV, Class I Div 2, NFPA-85/86, IRI, FM and UL. The panel fabrication shop also has the ability to perform Factory Acceptance Testing (FAT). FATs are required by many customers prior to shipment to prove that equipment has the same functionality as indicated in the specification and purchase order.
"Most companies grow through acquisitions, so this is a very positive step for Nationwide Boiler in overall business growth and market share. An additional advantage is that Nationwide Boiler will be gaining valuable and talented employees that we have worked with for many years. I am excited by this opportunity and look forward to new growth and success with this venture," stated Mr. Day. Pacific Combustion Engineering / Ponder Burner Company will continue to operate under their current name, as a division of Nationwide Boiler Inc. The division will be managed by Jack Valentine, who has worked closely with Nationwide Boiler for over seventeen years as their primary panel provider. "This was natural for us since we've had a long history of working together," concluded Mr. Day. The integration process has already begun, and it is expected to be a smooth ownership transition.
A Memorandum of Understanding (MOU) was signed between the World Bank Group and the Arab Coordination Group (which includes bilateral and multilateral Arab development institutions; namely: the Abu Dhabi Fund for Development, the Arab Bank for Economic Development in Africa, the Arab Fund for Economic and Social Development, the Arab Gulf Programme for Development, the Arab Monetary Fund, the Kuwait Fund for Arab Economic Development, the Qatar Development Fund, the Saudi Fund for Development, the OPEC Fund for International Development and the Islamic Development Bank Group), to enhance coordination for more effective assistance to developing countries.
The agreement paves the way for joint investment financing, policy dialogue, analytical work, and outreach to stakeholders in Africa and the Middle East and North Africa regions. The MOU also includes commitments to share expertise and resources.
As part of the MOU, all parties will join efforts in areas including energy, agriculture and food security, water, and the financial sector. This partnership also supports the development of the Pan-Arab Regional Energy Trade Platform Initiative through the development of regional governance structures, and investments in necessary infrastructure.
“Both the World Bank and the Arab Coordination Group institutions are natural strategic partners, having a long record of supporting development,” said Hafez Ghanem, World Bank Vice President for Middle East and North Africa. “This strategic partnership is aimed at building synergies and closer collaboration to help achieve stronger and longer-lasting impact”.
World Bank and the Arab Coordination Group—Fostering Partnership for Better Results
General Motors Co, announced it acquired LIDAR technology company Strobe, Inc. As part of the deal, Strobe’s engineering talent joins GM’s Cruise Automation team to define and develop next-generation LIDAR solutions for self-driving vehicles.
“Strobe’s LIDAR technology will significantly improve the cost and capabilities of our vehicles so that we can more quickly accomplish our mission to deploy driverless vehicles at scale,” said Kyle Vogt, Founder and CEO, Cruise Automation.
LIDAR uses light to create high-resolution images that provide a more accurate view of the world than cameras or radar alone. As self-driving technology continues to evolve, LIDAR’s accuracy will play a critical role in its deployment.
“The successful deployment of self-driving vehicles will be highly dependent on the availability of LIDAR sensors,” said Julie Schoenfeld, Founder and CEO, Strobe, Inc. “Strobe’s deep engineering talent and technology backed by numerous patents will play a significant role in helping GM and Cruise bring these vehicles to market sooner than many think.”
Last month, Cruise Automation revealed the world’s first mass-producible car designed with the redundancy and safety requirements necessary to operate without a driver. The vehicle will join Cruise’s testing fleets in San Francisco, metropolitan Phoenix and Detroit.
GM acquired LIDAR developer Strobe, Inc
Boeing, plans to acquire Aurora Flight Sciences Corporation, a world - class innovator, developer and manufacturer of advanced aerospace platforms, under an agreement signed by the companies. Aurora specializes in autonomous systems technologies to enable advanced robotic aircraft for future aerospace applications and vehicles.
"The combined strength and innovation of our teams will advance the development of autonomy for our commercial and military systems," said Greg Hyslop, chief technology officer and senior vice president of Boeing Engineering, Test & Technology. "Together, these talented teams will open new markets with transformational technologies."
Leveraging autonomous systems that include perception, machine learning and advanced flight control systems, Aurora has designed, produced and flown more than 30 unmanned air vehicles since the company was founded in 1989. Aurora Flight Sciences is a leader in the emerging field of electric propulsion for aircraft. During the last decade, Aurora has collaborated with Boeing on the rapid prototyping of innovative aircraft and structural assemblies for both military and commercial applications.
"Since its inception, Aurora has been focused on the development of innovative aircraft that leverage autonomy to make aircraft smarter," said John Langford, Aurora founder and chief executive officer. "As an integral part of Boeing, our pioneered technologies of long-endurance aircraft, robotic co-pilots, and autonomous electric VTOLs will be transitioned into world-class products for the global infrastructure."
Terms of the agreement were not disclosed. This transaction, anticipated to close following receipt of customary regulatory approvals, does not affect Boeing's financial guidance. Once acquired, Aurora will be a subsidiary under Boeing Engineering, Test & Technology known as Aurora Flight Sciences, A Boeing Company. It will retain an independent operating model while benefiting from Boeing's resources and position as the leading provider of aerospace products and services.
Boeing announces to acquire Aurora Flight Sciences
Sunpartner opens a new production site and raises $17.5 million from the European Investment Bank
SUNPARTNER Technologies, a pioneering company which develops and integrates photovoltaic glass for the building, consumer electronics and transportation markets, has announced the opening of a new production site in Rousset, near Aix-en-Provence. During the opening ceremony, the company and the European Investment represented by his Vice-President, Ambroise Fayolle, signed a EUR 15 million financing to boost the development and research programs of the company. The EIB financing is guaranteed under the European Fund for Strategic Investments (EFSI), the heart of the Investment Plan for Europe commonly known as Juncker Plan.
The EFSI-backed financing will allow the company to establish its commercial infrastructure, invest in R&D and further expand its manufacturing capacity.
SUNPARTNER Technologies previously raised EUR [55.0] million of capital investments and the EIB financing brings the total financing to EUR [70.0] million. The financing will allow SUNPARTNER Technologies to accelerate commercial development, notably on the back of its recently signed JV with Vinci Construction, and to propose their photovoltaic facades to the construction industry players (architects, engineers, facade makers, etc) in the European market.
“This is a key loan for innovation and climate action that comes at a crucial time for this firm with strong growth potential”, said Vice-President Ambroise Fayolle at the event. “The EIB is particularly proud to be financing this innovative project, which will enable SUNPARTNER Technologies to market its cutting-edge technology while developing its future production lines. By enabling every surface area to become a source of green energy, SUNPARTNER Technologies possesses all the necessary assets to be a leader in a rapidly growing market. Thanks to the EU guarantee under the Juncker Plan, we are able to step up our financing for innovative small firms. This operation also perfectly matches the priorities of the French government’s major new Investment Plan”.
Ludovic Deblois, CEO of Sunpartner: “The signature of the financing is a very good news for SUNPARTNER for three main reasons. Firstly, the support of the EBI is essential to accelerate our growth. Secondly, this financing also shows our determination to address the European market as a whole. Thirdly, this signature as well as the existing European Building Regulations show the strong involvement of the European Union to protect our planet. These are all steps in the right direction to fight climate change collectively today and tomorrow. The European countries are now coming together to face this challenge.”
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