Tag Archives: joint venture

Safran Electrical & Power and Boeing joint venture announces the appointment of the first woman to manage an aerospace company in Morocco

CASABLANCA, Morocco, 9-Aug-2019 — /EuropaWire/ — On July 3, 2019, Zahira Bouaouda, became the first woman to manage an aerospace company in Morocco. Zahira was appointed President of MATIS Aerospace, specializing in electrical wiring interconnection systems. In 1997, Zahira Bouaouda … Read the full press release

BP and Didi Chuxing to develop a network of EV charging hubs across China through new joint venture

LONDON, 2-Aug-2019 — /EuropaWire/ — BP have agreed to form a new joint venture to build electric vehicle (EV) charging infrastructure in China with Didi Chuxing, the world’s largest market for electric vehicles. Both companies plans to develop a network … Read the full press release

Henkel further strengthens leading hair coloration portfolio with acquisition of 51% stake in eSalon

DÜSSELDORF, 26-Jul-2019 — /EuropaWire/ — Henkel to acquire 51 per cent stake in eSalon.com LLC, further strengthening its leading hair coloration portfolio and expand its digital business. eSalon creates customized hair colorations mixed on an individual basis for at home … Read the full press release

Schroders and Lloyds Banking Group announce executive team for new joint venture

LONDON, 27-Mar-2019 — /EuropaWire/ — A joint venture between Schroders plc and Lloyds Banking Group plc, Schroders Personal Wealth announces its executive team. Schroders Personal Wealth will be launched later this year with the aim to help more people in … Read the full press release

BMW Group and CRITICAL Software launch Critical TechWorks software company in Portugal

Merger secures access to talents at up-and-coming technology and software development location. MUNICH, 09-Oct-2018 — /EuropaWire/ — With signature of the final contracts and approval of the competition authorities, the BMW Group and the company CRITICAL Software have concluded the formation … Read the full press release

CRITICAL Software and the BMW Group to combine expertise in automotive software engineering

COIMBRA, Portugal, 19-Jun-2018 — /EuropaWire/ — CRITICAL Software is expanding its strategic collaboration with premium mobility company, the BMW Group, to form a new joint venture called Critical TechWorks. The agreement, which is subject to examination and approval from the relevant … Read the full press release

SUEZ NWS and Cleanaway won the Dafa hazardous waste treatment facility contract in Kaohsiung, Taiwan

PARIS, 14-May-2018 — /EuropaWire/ — SUEZ NWS and Cleanaway1 won the Dafa hazardous waste treatment facility contract in Kaohsiung, located in south-western Taiwan. The contract provides for the acquisition of the plant by the two partners for €36 million and its … Read the full press release

AXA Investment Managers – Real Assets and Bixby Land Company form joint venture to acquire up to €320 million of logistics properties in the Western U.S

PARIS, 22-Feb-2018 — /EuropaWire/ — AXA Investment Managers – Real Assets (“AXA IM – Real Assets”), a global leader in real asset investments and the largest(1) real estate investment manager in Europe, and Bixby Land Company (“Bixby”), a leading Western U.S. commercial … Read the full press release

ZEISS and Deutsche Telekom expand their partnership for Smart Glasses

The two partners each hold a 50 percent stake in the joint venture that will drive the development of Smart Glasses technology in the areas of optics and connectivity. The goal of the joint venture is to evolve the components … Read the full press release

Allianz Group and Liverpool Victoria Friendly Society (LV=) complete the first stage in the creation of their joint venture and strategic partnership

Acquisition of 49 percent stake in LV=’s UK General Insurance businesses by Allianz Group is now completed Transaction creates third-largest personal insurer in the UK market Allianz to pay another 213 million pounds for a further 20.9 percent stake in … Read the full press release

thyssenkrupp and trade union IG Metall reach agreement for the planned 50/50 joint venture with Tata Steel Europe

thyssenkrupp agrees with employee representatives on conclusion of a collective agreement Collective agreement contains assurances on site and employment continuation and investment Agreement enables thyssenkrupp to implement its strategic and operational goals for the joint venture IG Metall collective bargaining … Read the full press release

Lloyd’s Register and GOSCO joint venture to provide services to the oil and gas sector in Ghana

LONDON, 06-Apr-2017 — /EuropaWire/ — Lloyd’s Register has signed an agreement with GOSCO, to form a joint venture dedicated to providing well project management, well engineering and associated site survey, geotechnical and rig inspection services, in the territorial waters of … Read the full press release

Triton Fund III company DYWIDAG-Systems International (DSI) forms 50/50% joint venture with Jennmar in Jining, China

Jining (China), 24-Jun-2016 — /EuropaWire/ — DYWIDAG-Systems International (DSI), a Triton Fund III company, now holds 50 % of the shares in JM Jining, a producer of ground support products. The transaction is a joint venture with Jennmar, which holds the … Read the full press release

Fincantieri and Rosneft form joint venture focused on design and engineering of a new type of vessel

TRIESTE, 21-Jun-2016 — /EuropaWire/ — A joint venture has been signed for the design of a new type of vessel Fincantieri and Rosneft, during the 20th St. Petersburg International Economic Forum, signed a Heads of Agreement for the formation of a … Read the full press release

Euler Hermes and MAPFRE’s trade credit insurance joint venture Solunion formally commenced operations in Uruguay

MADRID, 7-5-2015 — /EuropaWire/ — Solunion, the trade credit insurance joint venture created by Euler Hermes and MAPFRE, has formally commenced operations in Uruguay, offering local companies solutions and services designed to develop their business securely, providing access to its international risk … Read the full press release

Magneti Marelli forms Joint Venture in India with Hero MotoCorp for powertrain systems production for the two-wheeler market

Milan, Italy / New Delhi, India, 09-12-2013 — /EuropaWire/ — Magneti Marelli S.p.A. and Hero MotoCorp Ltd. have signed a Joint Venture agreement aimed at the production of powertrain systems for the two-wheeler market. According to this agreement, Hero MotoCorp will hold … Read the full press release

Volvo Group and Eicher Motors Ltd joint-venture introduced new range of trucks and buses developed specifically for India

Gothenburg, Sweden, 06-12-2013 — /EuropaWire/ — On December 2, VE Commercial Vehicles Ltd (VECV), a joint-venture between the Volvo Group and Eicher Motors Ltd, launched the Pro Series, a new range of trucks and buses developed specifically for India and other selected … Read the full press release

Hungarian oil company MOL and Japanese JSR Corp begun construction of synthetic rubber (S-SBR) factory in Tiszaújváros, Northern Hungary

The plant is a joint venture of MOL and the Japanese JSR Corporation New plant to produce 60,000 tons of synthetic rubber from 2017 The investment is a clear step forward for MOL’s petrochemical value chain Budapest, Hungary, 22-11-2013 — /EuropaWire/ — MOL … Read the full press release

Solvay and Shanghai 3F New Material Co to establish joint venture in Changshu, China for high performance fluorinated polymers

Brussels, Belgium, 19-11-2013 — /EuropaWire/ — Solvay and Shanghai 3F New Material Co.,Ltd. announce today that they have agreed to establish a production joint venture in Changshu (Jiangsu province, China) to serve the fast-growing Asian market with high performance fluorinated polymers. The … Read the full press release

The European Commission to probe the planned chlorvinyls joint venture by Solvay and INEOS

Brussels, Belgium, 5-11-2013 — /EuropaWire/ — The European Commission has opened an in-depth investigation to assess whether the planned combination of the European chlorvinyls businesses of INEOS of Switzerland and Solvay of Belgium into a newly created joint venture was in line … Read the full press release

The European Commission cleared Belgacom and BNP Paribas Fortis joint venture m-commerce

Brussels, Belgium, 11-10-2013 — /EuropaWire/ — The European Commission has cleared under the EU Merger Regulation the creation of a joint venture between the Belgian telecommunications operator Belgacom and the bank BNP Paribas Fortis. The joint venture will allow consumers in Belgium … Read the full press release

Dalkia and Majid Al Futtaim Ventures joint venture MAF Dalkia signed energy management contract with aviation giant Abu Dhabi Airports Company PJSC (ADAC)

24-7-2013 — /EuropaWire/ — Dalkia, through its subsidiary MAF Dalkia, secured a new contract with aviation giant Abu Dhabi Airports Company PJSC (ADAC) to provide a full range of energy and technical services across three of their airports and a city … Read the full press release

EC cleared Virgin Atlantic joint acquisition by Delta (49%) and Virgin Group (51%)

Brussels, 24-6-2013 — /europawire.eu/ — The European Commission has cleared under the EU Merger Regulation the proposed acquisition of joint control over Virgin Atlantic by Delta and Virgin Group. Delta will replace Singapore Airlines as a 49% minority shareholder in Virgin Atlantic, … Read the full press release

EC, CERN to support the construction of SESAME, major research facility in the Middle East

Brussels, 28-5-2013 — /europawire.eu/ —  The European Commission and CERN have today agreed to support the construction of SESAME, one of the most ambitious research facilities in the Middle East. SESAME is a so-called synchrotron light source, functioning in effect like … Read the full press release

Air Canada, United and Lufthansa commit to address EC concerns over revenue-sharing joint venture

Brussels, 24-5-2013 — /europawire.eu/ — Antitrust: Commission renders legally binding commitments from Star alliance members Air Canada, United and Lufthansa on transatlantic air transport passenger market. The European Commission has accepted commitments offered by Air Canada, United and Lufthansa to address the … Read the full press release

Alstom Grid and KEPCO formed KEPCO Alstom Power Electronics Systems joint venture in Korea

20-5-2013 — /europawire.eu/ —  Alstom Grid and Korea Electric Power Corporation (KEPCO), one of the largest electric utilities in the world, have announced the creation of KEPCO Alstom Power Electronics Systems (KAPES). The joint venture will focus on delivering high … Read the full press release

Arla acquires the last 25% of the joint venture that controls its Russian activities

Acquisition to cement Arla’s Russian ambitions 15-5-2013 — /europawire.eu/ — After more than five successful years in Russia, Arla has purchased the last 25 pct. of the joint venture that controls its Russian activities. The former owner, Mike Lyasko, will continue … Read the full press release

Sapa joint venture deal between Orkla ASA & Norsk Hydro ASA cleared by the EU Commission

14-5-2013 — /europawire.eu/ — The EU Commission has today approved the transaction between Norsk Hydro ASA and Orkla ASA to form a 50/50 joint venture, to be named Sapa. Pending necessary approval from Chinese competition authorities, the parties expect the transaction … Read the full press release

EC approved the merger between Norsk Hydro ASA and Sapa Holding AB, subject to conditions

Brussels, 13-5-2013 — /europawire.eu/ — The European Commission has cleared under the EU Merger Regulation the proposed creation of a joint venture between Norsk Hydro ASA and Orkla ASA’s wholly-owned subsidiary Sapa Holding AB, both Norwegian companies active in the soft-alloy aluminium extrusions … Read the full press release

Cement Australia to be operated as a joint venture by HeidelbergCement and Holcim

HeidelbergCement and Holcim intend joint control of Cement Australia 15-4-2013 — /europawire.eu/ — HeidelbergCement and Holcim intend to balance their respective interests in Cement Australia and to operate the company as a joint venture. HeidelbergCement plans to acquire from Holcim … Read the full press release