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.
Board changes
Microsaic (AIM: MSYS), the point-of-need mass spectrometry company, is pleased to announce that, further to the fundraise announcements on 19 January 2021 and the passing of the resolutions at the General Meeting held yesterday, Gerard Brandon and Dr Nigel Burton are appointed to the Board of the Company as Non-Executive Chairman and Non-executive Director respectively, with effect from 8.00 a.m. today.
The Finance & Audit and Remuneration Committees will be chaired by Dr. Nigel Burton, and Gerard Brandon will be a member of both committees. Dr. Nigel Burton will assume the responsibilities of Senior Non-Executive Director. These arrangements will be reviewed when an independent Non-executive Director joins the Board.
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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.