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12.01.2022 (296 Clicks)

Anglo American completes Sale of Shareholding in Cerrejón Mine

Anglo American plc announces the completion of the sale of its 33.3% shareholding in the Cerrejón joint venture to Glencore plc for a total cash consideration of approximately US$294 million, based on an effective economic date of 31 December 2020.

12.01.2022 (301 Clicks)

JLT Mobile Computers completes Acquisition of French Sales Partner ID Work that becomes JLT France

As part of JLT’s growth strategy to strengthen its sales channel, the acquisition reinforces the company’s French presence and commitment to one of its largest and most important European markets.

JLT Mobile Computers, a leading developer of reliable computing solutions for demanding environments, is pleased to announce that they have completed the acquisition of their longtime French sales partner ID Work. Effective as of today, ID Work becomes JLT France, with ID Work founder Philippe Briantais providing continuity as managing director of the new operation. The acquisition represents the next step in JLT’s growth strategy, and the establishment of a dedicated French sales office will significantly strengthen the company’s ability to support its customers and partners in the important French market.

Founded by the French entrepreneur and industry veteran Philippe Briantais in 2013, ID Work has successfully established JLT on the French market and been driving sales through a country-wide network of system integrators and resellers. During that period, France has grown into one of JLT’s largest and most important markets in Europe. With the acquisition, JLT is establishing a local sales office and will forge closer relationships with its French customers and sales partners.

“This acquisition will be of great value to our French partners and customers,” said Philippe Briantais, founder of ID Work and newly appointed managing director of JLT France. “We have been an authorized JLT sales partner for nine years and our customers have always known they can rely on the superior quality, performance, and reliability of JLT computers. They will value JLT’s increased sales and support presence, and the company’s obvious commitment to the French market.”

“ID Work has been a close partner and done a terrific job in introducing the JLT brand and our products on the French market and setting up a growing network of sales partners throughout the nation,” said Per Holmberg, CEO of JLT Mobile Computers Group. “With this acquisition we now have the opportunity to work more closely with, and paying even greater attention to the specific needs of, our French partners and customers. I’m thrilled to be able to continue to work with Philippe Briantais as we drive our expansion in France further.”

As a result of the acquisition, JLT will establish a local French office trading under the name JLT Mobile Computers France SAS and with its own personnel. ID Work’s business and all of its customers and sales partners in France will transition into the new JLT company. JLT is already in the process of recruiting technical and commercial sales managers for their new French office (see here) and has also set up a dedicated French language version of its website.

JLT’s core competence, products and services mesh well with the company’s French market focus on warehousing and food industry logistics where JLT devices are deployed in all sorts of vehicles. Among key JLT customers in France are seven large distribution centers serving one of the leading French supermarket chains.

The acquisition and French office formation is executed at a time where JLT is seeing a swift recovery from the Covid-19 related decline in 2020.

JLT recently launched the Android-based JLT6012A rugged vehicle-mount computer (full press release here) and has established its new JLT Software Solutions subsidiary with the aim to develop software and services that will provide competitive advantage and new business opportunities for JLT’s core products.

Source: JLT

                     

12.01.2022 (382 Clicks)

Future Minerals Forum: Ministerial Participants emphasize Need for Collaboration with Mining Industry Stakeholders

The Kingdom of Saudi Arabia, under the patronage of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, convened the inaugural Future Minerals Forum (FMF), in Riyadh from January 11 to 13, 2022 to advance dialogue on future minerals, investment in mining, and collaboration across the region from Africa to Central Asia.

12.01.2022 (328 Clicks)

Nordic Iron Ore appoints interim CEO

Nordic Iron Ore's CEO Lennart Eliasson retired at the turn of the year. Lennart Eliasson will continue as interim CEO on a consulting basis.

11.01.2022 (482 Clicks)

German Entrepreneur and Founder of H. Paus Maschinenfabrik GmbH, Hermann Paus passed away on 27.12.2021

On Dec. 27, 2021, Hermann Paus, entrepreneur and founder of H. Paus Maschinenfabrik GmbH, passed away. He would have turned 90 on January 28.

11.01.2022 (282 Clicks)

Sika postes Record Sales for 2021 – Growth of 17.1%

• Sales increase of 17.1% in local currencies – 2021 sales at CHF 9.24 billion (+17.3% in CHF)
• Additional growth platforms created through seven acquisitions: Kreps (Russia), DriTac (USA), BR Massa (Brazil), Hamatite (Japan), American Hydrotech (USA), Bexel (Mexico), and Landun (China)
• Signing of MBCC Group takeover agreement – closing planned for second half of 2022
• Expansion of production sites in Stockholm (Sweden) and Doha (Qatar), commissioning of new production sites in Jiaxing City (China) and Pune (India), establishment of a new national subsidiary in Ghana
• Over-proportional increase in EBIT and EBIT margin of 15% anticipated for 2021
• Confirmation of 2023 strategic targets for sustainable, profitable growth

11.01.2022 (275 Clicks)

Hurricanes, cold Waves, Tornadoes: Weather Disasters in USA dominate natural Disaster Losses in 2021

• In 2021, natural disasters caused overall losses of US$ 280bn, of which roughly US$ 120bn were insured
• Alongside 2005 and 2011, the year 2021 proved to be the second-costliest ever for the insurance sector (record year 2017: US$ 146bn, inflation-adjusted) – overall losses from natural disasters were the fourth-highest to date (record year 2011: US$ 355bn)
• Hurricane Ida was the year’s costliest natural disaster, with overall losses of US$ 65bn (insured losses of US$ 36bn)
• In Europe, flash floods after extreme rainfall caused losses of US$ 54bn (€46bn) – the costliest natural disaster on record in Germany
• Many of the weather catastrophes fit in with the expected consequences of climate change, making greater loss preparedness and climate protection a matter of urgency

10.01.2022 (285 Clicks)

Hexagon strengthens its Life-of-mine Solutions Portfolio with the Acquisition of Minnovare

Hexagon AB, a global leader in digital reality solutions, combining sensor, software and autonomous technologies, acquired Minnovare, a leading provider of drilling technology that improves the speed, cost and accuracy of underground drilling.

07.01.2022 (286 Clicks)

Robbins XRE TBM crosses the finish Line at Chile’s Los Condores HEPP

A Robbins 4.6 m (15.1 ft) diameter Crossover machine holed through in the Andes Mountains of Chile in the last quarter of 2021. The XRE TBM bored a 3.3 km (2.1 mi) long tunnel for Chile’s Los Condores Hydroelectric Power Project (HEPP) and project owner Enel.

07.01.2022 (290 Clicks)

„Mechanical and plant engineering industry urgently seeks skilled workers“

Commenting on the current situation on the labour market, VDMA Executive Director Thilo Brodtmann explains: 'Despite the still tense Corona situation, demand for labour in the mechanical and plant engineering industry remains high.