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Howden Group: Howden to Acquire Fancraft (Pty) Ltd to Expand Services for the South African Market


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Howden Group, a leading global provider of mission critical air and gas handling products, technologies and services, has reached an agreement to acquire Fancraft (Pty) Ltd.
Established in 1989 by Andries Gouws and based in Sasolburg, South Africa, Fancraft is an independent aftermarket services company focused on the maintenance, repair and installation of air gas handling equipment and turbomachinery.
The combination of Fancraft with Howden s South African business allows Howden to expand its aftermarket service capabilities, while providing Fancraft customers with access to Howden s network of technologies and global experts. The acquisition will also accelerate the growth of Howden s compressors and turbines aftermarket services business and broaden its footprint in Southern Africa. The strong fit between the companies is underscored by the fact that Fancraft has operated as a qualified service agent for Thomassen compressors and Peter Brotherhood steam turbi ....

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Sustainable insurer Parhelion to launch with backing from Howden


Insurance Age
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Parhelion, claiming to be the world’s first fully sustainable insurer, is set to launch with backing from Howden Broking.
The provide stated that is targeting a capital raise of $500m (£353.7m) and is being advised by Howden Capital Markets and TigerRisk Capital Markets & Advisory.
A spokesperson for the business confirmed to
Insurance Age that Parhelion, which aims to begin underwriting from 1 January 2022, will be working with brokers.
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According to Parhelion, its Environmental, Social
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