mergers and acquisitions

AIIM acquires LPG distributor Sodigaz, making bottled gas a part of AIIM’s distributed energy investment strategy.

Conco Energy Solutions has been acquired by a 100% black-owned company with a 51% female majority shareholding held by Linda Mabhena-Olagunju, the founder and CEO of DLO Resources Group.

The acquisition of the Clear Sky Analytics platform complements UL’s existing portfolio of independent technical advisory, testing, inspection, certification and software services to the solar energy industry.

Speaking with ESI Africa, Shane Janse van Vuuren, Howden Africa Compressors and Turbines General Manager, reveals how the supplier of mission-critical air and gas handling products, technologies and services intends to leverage recent acquisitions to the benefit of customers.

Foreign direct investment in Africa has seen a decline of 16% in 2020, this is according to the recently published UNCTAD’s World Investment Report 2021. COVID-19 had a significant impact on FDI on the continent from $47 billion in 2019 to $40 billion in 2020.

Adani Green Energy has undertaken one of the largest renewable energy acquisitions in India acquiring SB Energy at a value of $3.5 billion.

Starsight Energy announced its acquisition of a 50% stake in the East African operations of C&I solar power provider Premier Solar Group.

Clariant and IGL announced a strategic partnership to establish a 51-49% joint venture in renewable ethylene oxide (EO) derivatives.

The iGas, PetroSA and Strategic Fuel Fund are planned to be merged and will be called the South African National Petroleum Company.

Through the acquisition, Petrefuel will distribute diesel, petroleum, paraffin and lubricants to customers operating in the transport, agricultural, retail, industrial and other commercial sectors.