TietoEnator (TE) has received a public tender offer from Cidron Services. Cidron of €15.50 per share cash. Cidron is owned by Nordic Capital Fund VI. The offer represents a 6% premium over the six month average of TE’s share price. TE chairman Matti Lehti said, ‘Our preliminary view is that this unsolicited offer does not reflect TE’s true value.’
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Tulsa-based eLynx Technologies has has selected Windstorm Corp. as a reseller and installer of its CompressorLynx and WellLynx products.
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Fugro is to acquire 60% of Russian EM specialists Electro Magnetic Marine Exploration Technologies (EMMET). Fugro is to pay €10 million now and will have an option on the remaining shares.
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Following its delisting from the NASDAQ (OITJ Feb 08), AspenTech has appointed KPMG as auditor replacing Deloitte & Touche. KPMG was chosen for its ‘experience working with global software companies’ according to AspenTech CFO Brad Miller.
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Stavanger-based oil and gas technology VC Energy Ventures has closed its third fund with committed capital of $243 million. The company has also opened an office in Houston and plans to focus investments ‘on small companies with new technologies that address challenges such as the personnel shortage and the development of smaller, complex assets.’
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IHS is acquiring Dolphin Software and Environmental Software Providers for a combined purchase price of $43.5 million.
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Fletcher International has exercised its remaining right to purchase $35.0 million of ION Geophysical Corp.’s (previously Input-Output) Series D-3 Cumulative Convertible Preferred Stock, a newly designated series of preferred stock.
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KBR’s consulting unit Granherne has been awarded a four-year frame agreement by Petoro AS to execute front-end studies and project reviews of Petoro’s Norwegian continental shelf projects.
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Kongsberg Maritime is to acquire simulator specialist GlobalSim Inc. in a 100 million NOK cash transaction. The acquisition reinforces Kongsberg’s training simulator activity for maritime and offshore applications.
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P2 Energy Solutions has signed a letter of Intent to acquire 100% of the outstanding shares of Houston-based LandWorks Inc. including its wholly owned subsidiary Geodynamic Solutions.
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WellPoint Systems has signed two non-binding letters of intent with Quorum Funding Corp. in respect of private placements to investment funds to the tune of approximately US$18 million.
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