Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 32 n° 302

Posts Tagged ‘acquires’

Halo Acquires 100% of Ukiah Ventures Inc. and Lays Groundwork for Accelerated Revenue Growth in California

Posted by fidest press agency su martedì, 18 agosto 2020

Toronto, Ontario Halo Labs Inc. (“Halo” or the “Company”) (NEO: HALO; OTCQX: AGEEF, Germany: A9KN) is pleased to announce that it has entered into a definitive agreement dated effective August 5, 2020 (the “Share Exchange Agreement”) with Ukiah Ventures Inc. (“Ukiah”), the shareholders of Ukiah (the “Ukiah Shareholders”), the holder of the outstanding warrants of Ukiah (the “Warrantholder”), and Origins-Cali, Inc. (“Origins”), pursuant to which the Company will acquire all the issued and outstanding shares of Ukiah (the “Ukiah Shares”) in exchange for securities of the Company (the “Transaction”). Prior to the Transaction, the Company holds a 14.7% equity stake in Ukiah as a result of the Company’s initial investment in Ukiah in December 2019.
Beyond the ability to acquire supply agreements with Emerald Triangle cultivators, the Company intends to swiftly exercise the option held by Ukiah to acquire a 100% interest in licensed operator Origins. With all necessary licenses in hand, cultivation, processing, and distribution, Halo intends to put up a 576 light grow, leveraging its relationship with a top-tier cultivator in a planned indoor facility, thus guaranteeing a continuous supply chain of high quality cannabis for the lucrative and growing California market. Halo’s President, Katie Field, summarizes the benefits of the strategic acquisition: “The acquisition of Ukiah, with its current and competitive relationships serving some of the Emerald Triangle’s finest flower producers, and execution of our planned, large indoor grow in a joint venture with a respected, leading grower and seed bank, we believe these milestones will increase Halo’s access to the best raw materials in California. By bolstering our vertical supply chain in this market we anticipate a sizeable upside in forecasted revenue.” Ukiah’s Phase I business model currently offers value-added services for local cultivators, including trimming, curing, drying, freezing and storage. Long-standing relationships with the local farming communities that utilize the facility for processing and drying will continue, as Halo intends to use some portion of the space — not allocated for a proposed indoor grow — for this business. These relationships will also maintain Halo’s ability to identify arbitrage opportunities when acquiring biomass, procuring any required supply at competitive prices.
Halo intends to build out Phase II of the business model at Ukiah with a large indoor grow. While the option of leaving the newly-acquired space as a perfectly-situated, centralized cannabis processing facility remains, Halo’s plan for a large indoor grow with a top-tier grower and notable genetics will strengthen the seed-to-sale strategy. With cultivation and Type 11 distribution licenses in place, Halo plans to utilize the majority of the facility for a state-of-the-art, indoor cultivation and manufacturing operation, that saves costs on such expenses as transportation, while introducing new products to the market. With existing architectural drawings for 10,000 sq. ft. of canopy over six grow rooms, a nursery, and a storage room, the newly proposed indoor grow would expand the operation to eight individual rooms, adding an additional 3,000 – 4,000 sq. ft. When the proposed project, utilizing an estimated 18,000 sq. ft. of the total warehouse space, is stabilized, it is expected to generate about USD$23 million per year of revenue based on wholesale pricing on premium product of USD$3,000 per pound, and an expected yield of about 7,800 pounds per year. This new operation alone is expected to generate USD$5.4 million per year of operating profit . Indoor cultivation will command higher prices and profit margin while allowing for year around supply. Halo is planning to start the build-out by later this year, utilizing Halo’s working capital line. Product should be available for sale early next year.Halo also plans to introduce jarring capabilities to make 1/8th jars, as well as to apply for a Type 7 license to increase the on-site production of concentrates and cannabis vape cartridges. From this new Ukiah hub, Halo can stock more on-hand inventory, expand existing distribution capabilities, and develop in-house logistics to meet both fluctuating and increasing demand. With Type 7 manufacturing abilities, Halo would look to add cold rooms and washers to make hash and rosinated hash products; add frozen connexes to store fresh-frozen material for live resin production; add a C1D1 room for blasting overflow from the Cathedral City operation, and vacuum decanters / ovens to manufacture live resin and shatter. Halo would also utilize its working capital line to build out these capabilities. (abstract)

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Rubicon Research Acquires Impopharma Canada

Posted by fidest press agency su giovedì, 9 gennaio 2020

As part of its ongoing effort to establish a global development network, Rubicon Research Private Limited, a leading specialty pharmaceutical company, today announced the acquisition of Impopharma Canada Limited with operations in Ontario, Canada.
Impopharma offers comprehensive drug product formulation and process development, as well as wide-ranging analytical testing services to the pharmaceutical industry, specializing in nasal and pulmonary drug products. Over the next several months, the Company plans to establish development plans for a mix of both internal and external development projects.“I welcome the Impopharma team to the Rubicon Research family and look forward to building new projects and capabilities together,” said Parag Sancheti, Rubicon’s Chief Executive Officer.The 13,000 sq. ft. Impopharma site in Concord, near Toronto, has been previously inspected by the U.S. FDA and Health Canada and will be the nasal and pulmonary development Center of Excellence in the Rubicon network. Impopharma Canada has been merged with Rubicon Research Canada Limited, a wholly owned subsidiary of Rubicon Research Private Limited.

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Montecito Medical Acquires Surgery Center in Virginia

Posted by fidest press agency su martedì, 24 dicembre 2019

Montecito Medical Real Estate, a leading owner of medical office buildings throughout the U.S., has finalized the acquisition of a premier medical office building and surgery center in Goochland, Virginia.The property, with just under 70,000-square-feet, is 86 percent-occupied. The building’s anchor tenant is the MEDARVA Stony Point Surgery Center at West Creek which houses 6 operating rooms. The state-of-the-art ambulatory surgery center is accredited by the Accreditation Association for Ambulatory Health Care, Inc. (AAAHC) and is licensed by the Virginia Department of Public Health.
The asset offers a full range of services including primary care, cardiovascular services, spine center, gastroenterology, OB/GYN and plastic surgery. The class A facility was constructed in 2015, with a 9,000-square-foot expansion completed in 2017 and is equipped with the most advanced technology and surgical instrumentation for the group’s outpatient surgical and medical procedures.
The building is located in the West Creek Business Park, one of the Richmond region’s premiere business parks in Goochland County, at the intersection of State Route 288 and West Creek Parkway. In May 2018, a joint venture between Sheltering Arms Rehab Institute and VCU Health broke ground on a 114-bed, 200,000-square-foot hospital at 2000 Wilkes Ridge Parkway, located adjacent to the subject property. “I am from Richmond and know this growing and affluent area very well. Our team was extremely impressed with this medical office building and surgery center and we enjoyed working with Lingerfelt Commonwealth Partners to get this exceptional real estate closed,” explained Chris Conk, a principal at Montecito Medical. “As we approach the end of the year, we still have two additional assets to close to wrap up our best year ever – we’re looking forward to an exciting 2020.”Several other healthcare tenants occupy the building, including Commonwealth Primary Care, Virginia Cardiovascular Services, National Spine and Pain Center, Virginia Oculofacial Surgeons, Virginia Physicians for Women, Richmond Plastic Surgeons, Richmond Gastroenterology Associates, and West End Facial Plastic Surgery.

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The Hardenbergh Group, Inc. acquires MDReview

Posted by fidest press agency su sabato, 21 dicembre 2019

The Hardenbergh Group, the leading provider of temporary staffing and consulting solutions for medical staff services, credentialing, and provider enrollment, today announced that it has acquired MDReview, the leading provider of external physician peer review services for hospitals and health systems throughout the United States.For over 15 years, MDReview has offered external, independent third-party physician peer review services to hospitals throughout the United States to help them improve the quality of care they provide. MDReview works with medical staff leaders to identify and resolve physician issues that impact the quality of care delivered to the community served. MDReview focuses on integrity, objectivity, sensitivity, confidentiality, and timeliness to provide hospital clients with an incomparable resource.Sharon Beckwith, CEO of MDReview, has been committed to the company’s mission for more than 10 years. “Perfecting the peer review process has been our singular focus since our founding,” said Ms. Beckwith. “We listen carefully to clients’ unique needs and tailor solutions accordingly. We also carefully select, train, and monitor peer reviewers and actively oversee the projects to ensure timely delivery and a quality work product. We are excited to be joining The Hardenbergh Group, with whom we share common goals and a commitment to excellence. We believe this combination will strengthen our collective ability to serve our clients’ needs.” “Given our common goal of ensuring that clients have qualified providers caring for patients, The Hardenbergh Group’s acquisition of MDReview is particularly fitting, because, together, we increase our opportunity to help improve the quality of patient care,” said Bob Wiemer, CEO of The Hardenbergh Group. MDReview’s operations will continue in its Denver office, and MDReview’s clients will continue to experience continuity of service and the same outstanding customer service they have grown to expect and appreciate from MDReview.

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TrueCommerce Acquires Netalogue

Posted by fidest press agency su lunedì, 16 dicembre 2019

COVENTRY, United Kingdom, Dec. 12, 2019 (GLOBE NEWSWIRE) — TrueCommerce, a global provider of trading partner connectivity, integration and unified commerce solutions, announced today that it has acquired Netalogue Technologies plc, the United Kingdom’s leading provider of B2B eCommerce solutions. This addition complements the TrueCommerce portfolio by providing a strategic technology service that strengthens its commerce network throughout Europe.B2B eCommerce combines the advanced eCommerce functionality of a B2C solution with the bespoke requirements of B2B trading. The result is a comprehensive B2B eCommerce solution that dramatically increases efficiencies by extending the exchange of electronic orders and invoices far beyond the scope of any other technology. These efficiencies are further enhanced by a wide range of translation and integration options which fully automates the movement of orders and invoices. The Netalogue acquisition forms part of TrueCommerce’s wider strategy to provide a complete unified commerce solution. As well as increasing efficiencies, the B2B eCommerce platform benefits from TrueCommerce’s range of marketplace integrations, providing the opportunity for increased sales.

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Harbour Group Acquires SpotSee Holdings

Posted by fidest press agency su domenica, 1 dicembre 2019

SpotSee Holdings and its subsidiaries (“SpotSee”), are now part of the Harbour Group family of companies, Jeff Fox, Harbour Group’s chairman and CEO, announced today. Terms of the transaction were not disclosed.SpotSee develops and manufactures shock, vibration, temperature and other environmental condition monitoring solutions for in-transit, in-plant and in-storage applications. The company offers a broad portfolio of branded products including indicator devices, RFID, Bluetooth, satellite and cellular-connected devices that provide real-time tracking, monitoring and reporting capabilities. The company is headquartered in Dallas.“We are excited to welcome SpotSee to the Harbour Group family,” said Fox. “SpotSee offers a well-recognized and respected brand of products uniquely positioned to serve customers across diverse end markets. In a world where connectivity is in high demand, we are eager to support the SpotSee team as they continue to innovate and launch new products into a growing market. We intend to invest in new product development, new markets and in complementary acquisitions.” Tony Fonk, CEO and president of SpotSee, added, “We are excited and look forward to joining the Harbour Group family. With a strong reputation of operational excellence, Harbour Group is uniquely positioned to assist in our efforts to grow the business. We believe this partnership will accelerate our new product development and continue to build a strong brand in growing markets.” To learn more about SpotSee, visit:

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Elavon Acquires Sage Pay

Posted by fidest press agency su giovedì, 21 novembre 2019

Elavon, global merchant acquirer and subsidiary of U.S. Bancorp (NYSE: USB), has agreed to acquire Sage Pay, a well-known and established payments gateway business in the United Kingdom and Ireland. Sage Pay is a division of The Sage Group plc (SGE), a FTSE-listed market leader in cloud business management solutions.The acquisition is part of Elavon’s strategy to help its business customers grow as the global economy becomes more digital, and as businesses look to streamline their operations with software that includes payments capabilities.Elavon is currently the fourth-largest merchant acquirer in Europe with an integrated international processing platform that allows them to do business in many countries and currencies. This acquisition extends Elavon’s market share in the UK and Ireland, particularly for small and medium-sized enterprises where Sage Pay is a highly-trusted payments gateway with a loyal customer base.“We are a customer-focused company that is helping businesses succeed in a global marketplace that is changing rapidly,” said Hannah Fitzsimons, president and general manager of Elavon Merchant Services, Europe. “This acquisition brings tremendous talent and leading technology to Elavon, which can be leveraged across the European market.” “We are thrilled to bring the talents and capabilities of Sage Pay employees to Elavon, where they will be an integral part of our company that is investing in the future,” said Declan Lynch, CEO of Elavon Financial Services, DAC.

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U.S. Bank Acquires talech

Posted by fidest press agency su venerdì, 13 settembre 2019

U.S. Bank has acquired talech, a Palo Alto-based software company that helps small and medium-sized businesses simplify operations and make better decisions through an integrated point-of-sale system. This acquisition is one of the many ways U.S. Bank is increasing its digital expertise to provide value when and where customers interact with technology.
Established in 2012, talech provides software that allows businesses to manage multiple operational tasks – such as order management, inventory and staff reporting, customer management, business insights and payments processing – in a single, integrated point-of-sale system. The company serves over 8,000 restaurants, retailers and professional services companies representing $2.3 billion in processing volume.“Small businesses are a focal point for us as we transform how U.S. Bank engages with customers and how our customers interact with their money, making it easy for them to make decisions at the moment they come into contact with our technology,” said Derek White, chief digital officer at U.S. Bank. “We have an ambitious roadmap to deliver one amazing experience for our customers. Strategic acquisitions are one of the ways we are moving with speed and scale. Acquiring talech makes a lot of sense for a number of reasons, not the least of which is we share a vision for helping businesses simplify their operations and make better decisions through an integrated point-of-sale system.” “U.S. Bank and talech have a shared vision with complementary capabilities for helping business owners make better data driven decisions through software tools,” said Irv Henderson, founder and CEO of talech. “We have enjoyed a long and productive relationship with U.S. Bank, and we are excited to be part of the team.” U.S. Bank has specialized in payments and money movement for more than 20 years. Talech will join the newly formed Digital team led by White, who joined U.S. Bank earlier this year as part of the company’s on-going digital transformation.

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IAA Acquires DDI Technology

Posted by fidest press agency su venerdì, 2 agosto 2019

IAA, Inc. (NYSE: IAA), a leading global marketplace connecting vehicle buyers and sellers, announced today its acquisition of DDI Technology, a leading electronic lien and title technology firm directly integrated with over 5,370 financial institutions as well as DMVs in 25 states. DDI’s Premier Solutions™ suite of technology solutions are focused on several key areas of the title and lien release management including electronic vehicle registration, electronic lien and title processing, and electronic lien payoff. “As part of the IAA family, DDI will help drive our continued focus on building strong client relationships and delivering a broader set of technology solutions that will enhance our current platform,” commented John Kett, CEO and President of IAA. “DDI’s products will work within the IAA suite of total loss solutions and will focus on services critical to reducing the cycle time of closing an insurance claim and selling a total loss asset.” “The DDI team is excited about this next phase of growth for the company,” said Glenn Thames, CEO and President of DDI. “IAA is recognized as a technology leader in the industry, and we are thrilled to join their team to drive greater innovation and value for our customers.”DDI is located in Lexington, SC. The company will operate as a wholly-owned subsidiary of IAA and will retain its current headquarters, employee base and management team members. The organization will report through Tim O’Day, President, IAA U.S. Operations. The purchase price for the transaction is approximately $17 million, and could increase by an additional $4.1 million over three years, contingent on certain terms, conditions and the achievement of various performance targets. Revenue for DDI was approximately $8.3 million in the last twelve months.

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PDI Acquires CStorePro, Providing Single-Store Operators Software to Run and Grow Their Business

Posted by fidest press agency su giovedì, 23 maggio 2019

PDI (, a global company with leading enterprise software solutions serving the convenience retail, petroleum wholesale and logistics industries, has acquired CStorePro Technologies Inc., a provider of simple, self-provisioning and cost-effective mobile software designed to give single-store operators centralized visibility into sales, pricing and promotional data with real-time dashboards. The CStorePro software powers over 2,500 locations, enabling owners to easily monitor and manage their pricebook and store operations from anywhere. Paired with PDI Marketing Cloud Solutions, this acquisition positions PDI to help operators run better and grow store profits.
A key part of the value proposition for operators is the ability to access and execute CPG-funded promotions and offers, and pairing the CStorePro pricebook with the PDI Marketing Cloud Solutions Loyalty Management Portal, which brings national brand dollars to local stores. In addition, CPG brands gain access to the hard-to-reach, coveted, single-store operators, and major oil companies and petroleum wholesalers can look forward to an optimized network of sites that can finally take full advantage of their marketing and loyalty programs.According to newly released NACS State of the Industry data, there are 97,643 single-store operators in the U.S. Many of these businesses have not realized the value of engaging with their consumers through loyalty programs because they lack a cost-effective option for managing their promotional strategy with their pricebook and sales data. The acquisition of CStorePro accelerates PDI’s ability to bring more value to single-store operators.

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TomTom Acquires Full-Ownership of TomTom Africa

Posted by fidest press agency su mercoledì, 11 luglio 2018

TomTom (TOM2) announces that it is strengthening its position in Africa by buying out the minority shareholders of TomTom Africa (Pty) Ltd. Consequently, TomTom increases its ownership from 76% to 100%. This step underlines TomTom’s commitment in providing its partners with high-quality global map and traffic products, and TomTom’s trust in the growth potential in Africa for geospatial applications, smart city services, connected navigation and highly automated driving. Alain De Taeye, Member of TomTom’s Management Board, comments: “Full control of the roadmap for Africa will accelerate our go-to-market of innovative ADAS (Advanced Driver Assistance Systems) and automated driving applications.”
TomTom created the easy-to-use navigation device, one of the most influential inventions of all time. Since then, we have grown from a start-up, into a global technology company. We design and develop innovative navigation products, software and services, that power hundreds of millions of applications across the globe. This includes industry-leading location-based and mapmaking technologies, embedded automotive navigation solutions; portable navigation devices and apps, and the most advanced telematics fleet management and connected car services. Combining our own R&D expertise with business and technology partnerships, we continue to shape the future, leading the way with autonomous driving, smart mobility and smarter cities. Headquartered in Amsterdam with offices in 37 countries, we offer advanced digital maps that cover 142 countries, and our hyper-detailed and real-time TomTom Traffic information service reaches more than five billion people in 69 countries.

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Storage Leader DDN Acquires Lustre File System Capability From Intel

Posted by fidest press agency su martedì, 26 giugno 2018

DataDirect Networks (DDN®) today announced its acquisition of Intel’s Lustre File System business and related assets for undisclosed terms. This important acquisition reinforces DDN’s presence as the global market leader for data at scale, while providing Lustre customers with enhanced field support and a well-funded technology roadmap. The acquisition also enables DDN to expand Lustre’s leading position from high performance computing (HPC) and Exascale into high growth markets such as analytics, AI and hybrid cloud.DDN has spent the past decade developing and bringing to market some of the most advanced technologies for data processing at scale targeted at on premise or hybrid cloud environments, including DDN’s SFA OS Big Data embedded software, its distributed cloud and object technology, and more recently its IME software suite for flash, NVMe and GPU acceleration. The acquisition of Intel’s Lustre file system capability is a bold move that combines the most advanced file system technology with DDN’s already substantial HPC, analytics and cloud product portfolio. “We are very pleased to acquire from Intel all assets related to the open-source Lustre file system and to welcome into the DDN family an experienced software development team for which we have always had tremendous respect and admiration,” said Alex Bouzari, DDN Founder and CEO. “Over the next few years, we are going to invest significant resources to enhance usability and to broaden Lustre’s capabilities and feature set in the direction of flash-enabled performance, analytics, enterprise and hybrid cloud.”

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Reply Acquires a Majority Share in Valorem and Extends Its Presence in the United States

Posted by fidest press agency su venerdì, 13 aprile 2018

REPLY [MTA, STAR: REY] has strengthened its presence in the North American market with the investment in Valorem (, a US-based company that specialises in Digital Strategy consulting and the implementation of Cloud, Analytics, and differentiated User Experiences.
Valorem, with more than 300 people distributed among the main offices in Kansas City, Seattle St. Louis and Kochi (India) is a leader in the cloud design and value-added Digital Strategy and execution services based on Microsoft’s Cloud Offerings, with major international groups such as Boeing, Intel, Jeppesen, Microsoft and Red Bull among its customer portfolio.The investment in Valorem further enhances Reply’s international growth strategy, particularly in the United States where the Group already has offices in Chicago and Detroit.Justin Jackson and Domnick Parretta, will take on the role of Partners at Reply and will focus their efforts on expanding Valorem and the Reply Group’s presence in North America.“Valorem”, stated Mario Rizzante, Chairman of Reply “is characterised by a strong entrepreneurial drive and a constant focus on technological innovation. Together, we will create an optimal platform that will allow Reply to further develop its business presence in the United States, the leading global market for IT services”. Domnick Parretta, CEO of Valorem, commented “We are incredibly excited to join the Reply Network. Reply’s clear focus on People, Customer Success, and Digital Innovation fit perfectly with our culture and mission at Valorem. We have an opportunity to deliver truly transformational value to our clients”.

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DNV GL Acquires Marine Cybernetics

Posted by fidest press agency su venerdì, 9 maggio 2014

houstonHouston, the world’s leading ship and offshore classification society and one of the world’s leading technical risk service providers, has acquired Marine Cybernetics, the leading company for third-party testing of computer control systems. The acquisition expands DNV GL’s scope of services in the offshore and maritime industries.Marine Cybernetics was established in 2002 as a spin-off from the Norwegian University of Science and Technology (NTNU). Based in Trondheim, Norway, the company introduced the concept of Hardware-In-the Loop-Testing (HIL) to the maritime and offshore industries. HIL testing significantly reduces the risk of accidents, off-hire costs and non-productive time due to software-related issues.“The decision to invest in Marine Cybernetics was driven by the increasing importance of software dependent systems in ensuring safe, reliable and efficient operations. We have now come to a point where we cannot only rely on testing and verifying hardware,” says Remi Eriksen, DNV GL Group Executive Vice President and COO. “We see that an increasing number of incidents, many of them severe, are caused by software- related issues. There’s a weak spot in the way the offshore and marine industries work to ensure total system quality. That weak spot is getting bigger every day, but we’re going to rectify this,” he continues, adding: “Marine Cybernetics has unique technology and processes for the third-party testing and verification of computer-based control systems. This will be a game changing platform to enhance safety and increase operational efficiency in the offshore and maritime industries.” A requirement of software-system certification was introduced into the offshore classification rules by DNV GL some time ago. Currently, the market for the third- party testing and certification of control systems is small but has huge potential.
According to Eriksen, the short-term synergies will facilitate a global roll out of HIL testing services via DNV GL’s worldwide network, allowing Marine Cybernetics to reach even more customers across the globe. A mid-term perspective is a combination of service offerings. “As such, we strive to actively drive the further development of the concept of classification. And a longer term goal is to use the competencies and technologies in other asset heavy and software intensive industries, such as the power generation, transmission and distribution industries,” says Eriksen.Marine Cybernetics Chief Executive Officer Stein Eggan says, “This is an important milestone for Marine Cybernetics and true recognition of our capabilities as the leading provider of third- party testing and verification of control system software for the maritime and offshore industries. Since DNV GL is  the leading global ship  and offshore classification society and the leading technical assurance provider to the oil and gas industry, this transaction will also strengthen our global delivery capabilities and continued technological development, benefitting both companies’ customers and industry partners as well as creating interesting opportunities for our employees.”He continues, “We have enjoyed a good working relationship with DNV GL for many years and look forward to bringing our companies together to continue to build a sustainable business in the software integrity field, strongly vested in shared philosophies and core values.”“Main shareholder Statoil Technology Invest (STI) first supported Marine Cybernetics through its LOOP product development programme in 2003 and then invested in 2005, recognizing the importance of being able to independently test critical control system software on vessels and rigs. We are pleased to see that MC has found a good home in DNV GL,” says Richard Erskine, Managing Director of STI.Besides Statoil Technology Invest and the Kristian Gerhard Jebsen Group, the shares of Marine Cybernetics were held by Marine Cybernetics employees and management as well as the former founders, who are now completely out of the company . To reflect its cross-industry relevance and strategic importance to DNV GL, Marine Cybernetics will become an independent business unit within the DNV GL Group.

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Alltech Acquires State-of-the-Art Algae

Posted by fidest press agency su domenica, 26 settembre 2010

[Lexington, Kentucky] – Alltech Inc. a global leader in natural animal nutrition based in Nicholasville, Kentucky, announced today that it has acquired a state-of-the-art algae fermentation facility in Winchester, Kentucky from Martek Bioscience Corporation for approximately $14 million.  Algae are some of the fastest growing plants in nature and have the ability to convert large amounts of carbon dioxide into oxygen, a characteristic that makes it particularly interesting in today’s more environmentally conscious world.  The facility will allow for continued work with Alltech’s carbon dioxide sequestering algae strains as well as strains that are grown with other carbon sources. The algae will then be used for value-added feed products, algae derived bio-fuel, and the production of ethanol.  The laboratory and pilot plant fermentation facilities in the acquisition are of particular interest as they will allow for quick product and process development. The automated control and monitoring systems on the fermenters will allow Alltech to make advances in new and current fermentation processes. One of the main focuses of the facility will be the development of products derived from algae.  Autotrophic algae require CO2, water, nutrients and sunlight during biomass growth. Each 100 tons of algal biomass fixes about 183 tons of CO2. Heterotrophic algae, which cannot use photosynthesis to generate its own food, can be grown in large closed tank systems present in the Winchester facility. Algae biomass is mainly composed of lipids, proteins and starches. The composition is dependent on the strain as well as growth conditions and can vary greatly. Fat content can range from 2% to as high as 84%. Protein content can range from 5%-70% and starch from 5%-50%. Visit the official site of the Alltech FEI World Equestrian Games at
Founded in 1980, Alltech is a leader in animal health and nutrition. With more than 2300 employees in 120 countries, the company has developed a strong regional presence in Europe, North America, Latin America, the Middle-East, Africa and Asia. The company is privately held and revenues will surpass $500 million in 2010. Alltech’s core competence lies in researching, developing and marketing natural products that are scientifically proven to enhance animal health and performance. The company is the largest producer of protected organic minerals in the world and primary in yeast, algae, and solid state fermentation systems. For further information, visit

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