Friday, February 5, 2021
Recent M&A Activity:
December 31, 2020: TerraSmart was acquired by Gibraltar Industries for $228.2 million. The acquisition strengthens Gibraltar s position as the largest turnkey provider in the domestic solar energy market with the broadest portfolio of ground-mount infrastructure, tracker, and design software solutions, serving customers of any type and size on any terrain.
January 5, 2021: iSun Energy LLC was acquired by the Peck Company Holdings, Inc., a leading commercial solar engineering, procurement and construction (“EPC”) company. (“iSun”), a provider of innovative solar power, electric mobility and smart city solutions for government, commercial, retail, academic and data-center projects, announced that it has entered into a binding term sheet under which Peck will acquire iSun in an all-stock transaction.
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DNV GL, the assurance and risk management company, will combine its current Oil and Gas and Power and Renewables businesses into one new business area called Energy Systems.
The move will better reflect the emerging energy future, which will see renewables take a greater share of the energy mix and decarbonisation become a major focus. Energy Systems, which will start operating from 1 February 2021, will provide certification, advisory and digital monitoring services to the entire energy value chain. Ditlev Engel, Chief Executive Officer of the current energy business area since 2016, will lead the new business area, which will consist of approximately 4000 energy experts, making it a leading resource of independent energy experts and certification body.
Process and Control Today | DNV GL combines Oil & Gas and Power & Renewables businesses in response to energy transition pandct.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pandct.com Daily Mail and Mail on Sunday newspapers.
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DNV GL, the assurance and risk management company, will combine its current Oil & Gas and Power & Renewables businesses into one new business area called Energy Systems. DNV GL’s new business area, Energy Systems, will be the world s leading resource of independent energy experts and certification body DNV GL increases energy management capabilities with acquisition of US based engineering consultancy Energy and Resource Solutions, Inc. (ERS) DNV GL will implement a new company structure and name (DNV) following a strategic review
The move will better reflect the emerging energy future, which will see renewables take a greater share of the energy mix and decarbonization become a major focus. Energy Systems,.