M&As this week: Riedon, Compania Minera Autlan, Sparrows Group

15 December 2017 (Last Updated December 14th, 2017 15:47)

Riedon has agreed to acquire Deltec Shunts (Deltec).

Riedon has agreed to acquire Deltec Shunts (Deltec).

Both the companies involved in the transaction are based in the US.

Riedon is a power and precision resistors manufacturing company, while Deltec is a manufacturer of current shunts, DC ammeter shunts and fuse-block holders.

The acquisition is aimed to strengthen Riedon’s position in its core markets, including renewable energy and power supply.

“Compania Minera Autlan has agreed to acquire the remaining stake of hydropower generation company Compania de Energia Mexicana (CEM).”

Compania Minera Autlan has agreed to acquire the remaining stake of hydropower generation company Compania de Energia Mexicana (CEM).

Compania Minera Autlun is engaged in mining, exploration, and production and sale of manganese ore and manganese ferroalloys.

Sparrows Group has acquired Alpha Offshore Service.

Sparrows Group is a UK-based engineering products and services provider, while Alpha Offshore Service is engaged in providing engineering, personnel and inspection services to the renewable energy sector.

Sparrows aims to strengthen its position in the renewable energy sector by improving the operations and maintenance capabilities through the acquisition.