M&As this week: Rilette Springs, EON Climate & Renewables

11 May 2018 (Last Updated May 11th, 2018 11:20)

Rilette Springs has purchased a majority stake in GI Endurant, doing business as GI Energy (GIE).

Rilette Springs has purchased a majority stake in GI Endurant, doing business as GI Energy (GIE).

Rilette Springs is a subsidiary of Shell New Energies US, while GIE is engaged in distributed energy resource development, financing, construction and advisory services.

The acquisition will enable Shell to offer affordable and clean energy solutions to communities and airports across North America.

EON Climate & Renewables has agreed to acquire Vortex Energy Holding.

The acquisition will provide EON with access to 300MW of proposed windfarms and a number of early-stage development projects.

The transaction does not include Vortex Energy Group’s activities in Poland and Belgium.

Lightsource BP Renewable Energy Investments has acquired Ubiworx, an Ireland-based industrial internet of things (IoT) company specialising in the delivery of software solutions.

The acquisition will add IoT solutions such as machine learning, artificial intelligence (AI) algorithms and smart control systems to Lightsource BP’s portfolio of services.

HAWE Hydraulik has acquired a 55% interest in Hydra-Fab Fluid Power.

“World Wind & Solar (WWS) has agreed to acquire Axis Renewable Group.”

General manager of Hydra-Fab Fluid Power Richard Gores holds the remaining 45% interest.

Based in Germany, HAWE Hydraulik is engaged in the manufacturing and distribution of hydraulic control systems, while Hydra-Fab Fluid Power is a Canadian provider of fluid power solutions.

The acquisition is expected to strengthen HAWE Hydraulik’s position in North America.

TDK Corporation has acquired US-based point of load (µPOL) solutions developer Faraday Semi.

Based in Japan, TDK Corporation is engaged in manufacturing electronic materials, electronic components and data-storage media.

The acquisition will provide TDK access to high-efficiency, high-performance, super-compact solutions that are widely being used in the miniaturisation of power solutions in industrial devices and automotive markets.

World Wind & Solar (WWS) has agreed to acquire Axis Renewable Group.

WWS provides renewable energy maintenance services, while Axis Renewable Group is an independent service provider for utility-scale wind turbine, solar and original equipment manufacturer (OEM) projects.

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