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Alinda Capital Partners rebrands its mid-market infrastructure strategy to Astatine Investment Partners

Wednesday April 13, 2022: Alinda Capital Partners has been investing in and managing infrastructure investments for over 17 years. Today, our mid-market, core-plus infrastructure business is known as Astatine Investment Partners (“AIP”). Our name change is a reflection of our shift from our origins as a large-cap, core focused infrastructure manager, to our current focus as a mid-cap, core-plus focused manager, under a new leadership team. Astatine is the rarest naturally-occurring chemical element on earth and is difficult to synthesise. We believe that our mid-market investment strategy is unique, ahead of the curve and difficult to replicate. We are focused on finding innovative ways to invest in digital, transportation, utility-related and essential services infrastructure, in spaces adjacent to core infrastructure.

Categories: News

Apollo Funds Complete Acquisition of Majority Stake in Novolex

NEW YORK, April 13, 2022 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced that funds managed by Apollo affiliates (the “Apollo Funds”) have completed the acquisition of a majority stake in Novolex Holdings LLC (“Novolex” or the “Company”), a leading global manufacturer of diverse and sustainable packaging products for the foodservice, delivery and carryout, food processor and industrial markets, from funds managed by Carlyle (NASDAQ: CG). Carlyle will retain a minority stake in the Company.

The financing for the acquisition includes the largest-ever sustainability-linked loan issued to date. Additional financial terms of the transaction were not disclosed.

Stan Bikulege, Novolex Chairman and CEO, said, “Partnering with Apollo is a milestone for the entire Novolex family. Our organizations share values and a vision for the future of the packaging industry, offering our customers choice, innovation and sustainability to support the circular economy. Our ability to access sustainability-linked financing reflects our ongoing commitment to advance a range of ESG initiatives.”

Rob Seminara, Partner at Apollo, said, “We are pleased to have completed our investment in Novolex and are excited to partner to drive innovation and growth. Our shared commitment to driving a more sustainable future was integral to our investment in Novolex, and we look forward to working together to realize the Company’s growth strategy, while further strengthening its blue-chip customer base and suite of food packaging products.”

“Carlyle has been proud to be a part of the Novolex story,” said Wes Bieligk, Managing Director at Carlyle. “The company’s tremendous growth has been fueled by innovation and a commitment to sustainable operations and new product introductions. We look forward to continuing our relationship with Novolex in the years to come.”

Deutsche Bank (NYSE: DB), Evercore (NYSE: EVR), and Barclays (NYSE: BCS) acted as financial advisors and Paul, Weiss, Rifkind, Wharton & Garrison LLP served as counsel to the Apollo Funds.

Credit Suisse Group (NYSE: CS) and Goldman Sachs & Co. LLC. (NYSE: GS) acted as financial advisors and Latham & Watkins LLP and Nelson Mullins Riley & Scarborough LLP served as counsel to Novolex.

About Apollo
Apollo is a global, high-growth alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus on three business strategies: yield, hybrid, and equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of December 31, 2021, Apollo had approximately $498 billion of assets under management. To learn more, please visit www.apollo.com.

About Novolex
Novolex develops and manufactures diverse packaging products for multiple industries in the foodservice, delivery and carryout, food processor and industrial markets that touch nearly every aspect of daily life. The Novolex family of brands provides customers with innovative food and delivery packaging and performance solutions products for their business needs today while investing in research and development to engineer more sustainable choices for the future. With more than 10,000 employee families, Novolex operates 57 manufacturing facilities in North America and Europe, including two world-class plastic film recycling centers. To learn more about Novolex visit www.novolex.com.

Contact Information:

Apollo
For Investors:
Noah Gunn
Global Head of Investor Relations
(212) 822-0540
IR@apollo.com

For Media:
Joanna Rose
Global Head of Corporate Communications
(212) 822-0491
Communications@apollo.com

Novolex
For Media:
Phil Rozenski
1-800-845-6051
media@novolex.com


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Source: Apollo Global Management, Inc.

Categories: News

3i announces six senior promotions to Partner in its Private Equity team

3I

3i Group plc (“3i”) is pleased to announce the promotions of Andreas Gold, Rupert Howard, Rahul Lulla, Nikhil Patel, Bastiaan Peer and David Stephens to Partner.

Andreas Gold joined 3i in 2007 and is based in 3i’s German Private Equity team.

Rupert Howard is in 3i’s Private Equity UK team which he joined in 2018.

Rahul Lulla joined 3i in 2012 and works in 3i’s Private Equity team in North America.

Nikhil Patel is in the North American Private Equity team and joined 3i in 2016.

Bastiaan Peer joined 3i in 2014 and works in the Benelux Private Equity team.

David Stephens joined 3i in 2011 and is in the UK Private Equity team.

Pieter de Jong and Peter Wirtz, Co-Heads of Private Equity, 3i, said: “Andreas, Rupert, Rahul, Nikhil, Bastiaan and David have each made an excellent contribution to our Private Equity business. They demonstrate the strength and depth of our team across Europe and North America and we congratulate them on their well-deserved promotions.”

 

-ends-

Download this press release  

 

 

For further information, contact:

 

3i Group plc

Kathryn van der Kroft

Media enquiries

 

Silvia Santoro

Shareholder enquiries

  

 

 

Tel: +44 20 7975 3021

Email: kathryn.vanderkroft@3i.com

 

 

Tel: +44 20 7975 3258

Email: silvia.santoro@3i.com

 

 

Notes to editors:

About 3i Group

3i is a leading international investment manager focused on mid-market Private Equity and Infrastructure. Its core investment markets are northern Europe and North America. For further information, please visit: www.3i.com

Categories: People

Genies Raises $150 Million Series C Led By Silver Lake At A $1 Billion Valuation To Build Avatar Ecosystem Tools For Web3

Silverlake

The Company Will Continue to Roll Out Mass “Avatar Creator Tools” Empowering Anyone to Create Their Own Avatars, Avatar Fashion Collections, Avatar Homes & Experiences

Genies, the avatar technology company shaping the leading edge of Web3 culture by empowering individuals to create their own avatar ecosystems, today announced it has raised a $150 million Series C round led by Silver Lake, a global leader in technology investing. The investment values the company at $1 billion and includes participation from existing investors BOND, NEA, and Tamarack Global.

“We believe avatar ecosystems are going to shape Web3 the same way that mobile apps defined Web2,” said Akash Nigam, CEO of Genies. “With every advancement of the internet, an expansive new region of entrepreneurial skill sets is born. In Web3, Gen Z avatar ecosystem builders are going to be the leaders of innovation and, through our creator tools, we strive to empower their wildest imaginations, ideas, and experiences as avatar creations.”

Since its last funding round in May 2021, Genies, which has a 99% celebrity avatar market share, continued to build on its leadership position by partnering with Universal Music Group and Warner Music Group to serve as each company’s “official avatar and digital goods NFT provider.”

Genies also started to roll out its mass consumer “avatar creator tools” to small groups via a private [invitation-only] beta, allowing users at every level of technical ability to create their own Web3-native avatars and avatar fashion collections, and eventually, avatar homes and social experiences. As a core pillar of Genies’ vision, creators have full ownership and commercialization rights of their Genie avatar creations and can utilize them in any way they choose – ranging from creating a show or movie or starting a new brand– unlocking entirely novel forms of creativity, expression and monetization.

Genies recently launched The Warehouse, an avatar ecosystem NFT marketplace enabling creators to buy, sell, and trade these avatar ecosystem creations. All creations are minted on Dapper Labs’ blockchain network, Flow. To become a Genies avatar fashion seller, or to design and sell your own avatar species, apply here.

“Genies has established its leadership in Web3 with remarkable speed and focus, fueled by a long term vision and clarity of purpose that we have been watching closely and greatly admire,” said Egon Durban, Co-CEO of Silver Lake. “We’re excited to partner with and support Akash, his co-founders Evan and Jake, and the entire Genies team as they make it possible for people to build the avatar ecosystems that we believe will drive the next evolution of human expression, communication and creativity.”

“It takes a very special team to operate and build at the intersection of culture, digital assets, and identity,” said Jamie Lee and John McCormick, Tamarack Global. “From its position as the forefront of creativity and commerce, Genies is creating endless opportunities for self-expression.”

“I’ve had the pleasure of seeing the Genies team pioneer the avatar space since 2016,” said Rick Yang, General Partner and head of consumer investing at NEA. “They uniquely understand what consumers and builders truly want and are enabling the ultimate avatar ecosystem for all.”

The new injection of capital will be used for continuous hiring across engineering and to further invest in the core technology of Genies’ avatar universe.

For more information, please visit https://genies.com/.

ABOUT GENIES, INC.  

Genies is culture’s leading avatar technology company empowering humans to create their own avatar ecosystems. Genies provides tools (Genies Avatar Creator OS) that allows users to create their own avatars, avatar wearable fashion lines, avatar worlds, and avatar interactive experiences in web3. The company has 99% celebrity avatar market share through its partnerships with Universal Music Group and Warner Music Group as their “official avatar and digital goods NFT provider” with thousands of Genie creators including Justin Bieber, Migos, Cardi B, and J Balvin. Bringing the power of NFTs and crypto to culture, Genies’ avatar ecosystem NFT marketplace “The Warehouse” built with Dapper Labs, allows talent, IP, and creators to design and sell their avatar ecosystem creations (i.e. avatar fashion lines) to the masses. Prior to this announcement, Genies has raised $100M from investors such as BOND, NEA, Breyer Capital, Tull Investment Group, and more.

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Invitation to presentation of EQT AB’s Q1 Announcement 2022

eqt

EQT AB’s Q1 Announcement 2022 will be published on Tuesday 26 April 2022 at approximately 07:30 CEST. EQT will host a conference call at 08:30 CEST to present the report, followed by a Q&A session.

The presentation and a video link for the webcast will be available here from the time of the publication of the Q1 Announcement 2022.

To participate by phone, please use the following dial-in details below, at least 10 minutes in advance.

Sweden: +46 856 642 651
UK: +44 3333000804
Confirmation Code: 17149104

The webcast can be followed live here and a recording will be available afterwards.

Information on EQT AB’s financial reporting

The EQT AB Group has a long-term business model founded on a promise to its fund investors to invest capital, drive value creation and create consistent attractive returns over a 5 to 10-year horizon. The Group’s financial model is primarily affected by the size of its fee-generating assets under management, the performance of the EQT funds and its ability to recruit and retain top talent.

The Group operates in a market driven by long-term trends and thus believes quarterly financial statements are less relevant for investors. However, in order to provide the market with relevant and suitable information about the Group’s development, EQT publishes quarterly announcements with key operating numbers that are relevant for the business performance (taking Nasdaq’s guidance note for preparing interim management statements into consideration). In addition, a half-year report and a year-end report including financial statements and further information relevant for investors is published. Finally, EQT also publishes an annual report including sustainability reporting.

Contact

Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Shareholder Relations, shareholderrelations@eqtpartners.com
Rickard Buch, Communication and PR Director, +46 72 989 09 11
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334

About EQT
EQT is a purpose-driven global investment organization focused on active ownership strategies. With a Nordic heritage and a global mindset, EQT has a track record of almost three decades of delivering consistent and attractive returns across multiple geographies, sectors and strategies. EQT has investment strategies covering all phases of a business’ development, from start-up to maturity. Per 31 December 2021, EQT had EUR 73 billion in assets under management across 28 active funds within two business segments – Private Capital and Real Assets.

With its roots in the Wallenberg family’s entrepreneurial mindset and philosophy of long-term ownership, EQT is guided by a set of strong values and a distinct corporate culture. EQT manages and advises funds and vehicles that invest across the world with the mission to future-proof companies, generate attractive returns and make a positive impact with everything EQT does.

The EQT AB Group comprises EQT AB (publ) and its direct and indirect subsidiaries, which include general partners and fund managers of EQT funds as well as entities advising EQT funds. EQT has offices in 23 countries across Europe, Asia-Pacific and the Americas and approximately 1,200 employees.

More info: www.eqtgroup.com

Follow EQT on LinkedIn, Twitter, YouTube and Instagram

Categories: News

Apollo to Invest in Siebert Williams Shank, One of the Nation’s Leading Certified Women and Minority Owned Financial Services Firms to Form New Strategic Partnership

Strategic partnership part of Apollo’s ongoing efforts to expand opportunity across its ecosystem and contribute to a more inclusive economy

NEW YORK, April 12, 2022 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) and Siebert Williams Shank (“SWS”) today announced the formation of a strategic partnership, whereby Apollo has agreed to invest in SWS, a leading, national women and minority owned financial services firm providing investment banking, sales and trading, research and advisory services. The new commitment aims to drive larger deal flow and revenue opportunities to strengthen and expand SWS’s already robust position in the investment banking and global capital markets arena.

As part of the strategic partnership, Apollo, along with its managed funds, will make a combined equity and credit investment that is expected to significantly increase SWS’s underwriting capacity for debt and equity offerings. This will also enhance SWS’s ability to bridge the investment and liability management needs of its corporate and municipal clients with the product expertise offered by Apollo.

“Since inception, SWS has sought to continue to grow in scope and capabilities to better serve our clients. This strategic partnership will certainly enhance our capacity and competitive position in the capital markets and maintain our strong performance-based culture as we serve clients globally,” said Siebert Williams Shank President & CEO, Suzanne Shank.

“Apollo and Siebert’s longstanding relationship spans two-plus decades, and this new strategic partnership is a natural next step to help accelerate their growth,” said Apollo Co-President Jim Zelter. “At Apollo, our commitment to expanding opportunity extends to the marketplace and making an intentional effort to support the success of diverse financial institutions and employers. SWS, already a leading player in investment banking and global markets, will be able to attract larger deals and do more for clients through this mutually beneficial relationship. We are thrilled to formally team up with Chris Williams, Suzanne Shank and the entire SWS team.”

“We are extremely enthusiastic to have earned the confidence of one of the industry’s most sophisticated alternative asset managers and look forward to identifying opportunities to leverage Apollo’s renowned expertise across multiple asset classes with the strong franchise that SWS has built among corporations, municipalities, and institutional investors,” said Christopher Williams, Chairman, Siebert Williams Shank.

This agreement is the latest expression of Apollo’s commitment to Expanding Opportunity in its workplace, marketplace and communities. Most recently, Apollo established its first-ever Foundation, with plans to provide more than $100 million over the next decade to organizations working across educational access, workforce development and economic empowerment.

The investments are subject to customary closing conditions, including certain regulatory approvals.

About Apollo
Apollo is a high-growth, global alternative asset manager. We seek to provide our clients excess return at every point along the risk-reward spectrum from Investment grade to private equity with a focus on three business strategies: yield, hybrid and opportunistic. Through our investment activity across our fully integrated platform, we serve the retirement income and financial return needs of our clients, and we offer innovative capital solutions to businesses. Our patient, creative, knowledgeable approach to investing aligns our clients, businesses we invest in, our employees and the communities we impact, to expand opportunity and achieve positive outcomes. As of December 31, 2021, Apollo had approximately $498 billion assets under management. To learn more, visit www.apollo.com.

About Siebert Williams Shank
Siebert Williams Shank & Co., LLC (“SWS”) is an independent non-bank financial services firm that offers investment banking, sales and trading, research, and advisory services. SWS provides customized solutions incorporating comprehensive financial advisory, capital raising and risk management guidance with the mission of delivering the highest level of value-added services to our clients. Dually headquartered in New York and Oakland, our firm is comprised of over 125 diverse professionals spanning 19 offices across the United States. SWS serves a broad spectrum of clients, including corporations, governments, municipalities and institutional investors. Building enduring client partnerships through integrity, experience, and results is our priority.

Contacts

For Apollo:

Noah Gunn
Global Head of Investor Relations
Apollo Global Management, Inc.
(212) 822-0540
IR@apollo.com

Joanna Rose
Global Head of Corporate Communications
Apollo Global Management, Inc.
(212) 822-0491
Communications@apollo.com

For Siebert Williams Shank:

Tom Butler
tbutler@butlerpr.com
Butler Associates
(646) 213-1802

 


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Source: Apollo Global Management, Inc.

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Reema Health Secures $8 Million in Seed Funding Round

New Stack Ventures

Investments in breakthrough community-based health technology platform top $10 million to date.

April 11, 2022 · Portfolio Company

Reema Health, a community-based health technology platform, recently earned $8 million in a funding round led by MaC Venture Capital and DNA Capital. Combined with a previous $1.25 million pre-seed round and earlier preliminary investments, Reema’s has raised over $10 million to date.

58% of low-income Americans report being socially isolated, a factor that impacts their overall health and significantly increases the cost of care. Reema transforms how people navigate the gaps between health care and social care by combining advanced technology with human interaction. Reema’s personalized, community-based approach engages people via Community Guides with a personal understanding of their lives, their crucial needs, and the most impactful resources available. Reema’s technology platform empowers Guides to be more effective, helping them rapidly establish the kind of deep trust proven to promote better health outcomes.

“Technology solutions can create more efficient, and more informed outreach but they can’t build authentic relationships that drive real engagement,” said Justin Ley, CEO of Reema.

“Our experienced Community Guides work one-on-one with the most underserved people in their communities when it comes to social care. It’s the latest data science combined with empathic, in-person relationships, a powerful combination that builds trust fast.” Ley added the inspiration for Reema came from his own personal experiences growing up.

Reema is currently serving health plans throughout the East Coast and Midwest, with plans to expand to several more states this year. The company’s current programs are already reporting member engagement rates of 84% or more, a metric that proves its breakthrough approach is successfully reaching many people who, before Reema, were living without the social care that significantly improves their lives, and the overall health of their communities.

“Health plans, providers and other intermediaries have realized that piling on more and more clinical and social resources barely moves the needle when it comes to driving desirable health outcomes for marginalized, low income population,” said Partha Mishra, Partner at DNA Capital. “Acting as a catalyst, combining technology and human insights, and partnering with existing players, Reema has instead demonstrated that a personalized, community centric approach to build bridges with each member first makes the entire system come alive.”

About Reema:

Reema uses technology to power human relationships with the goal of improving health outcomes for people who are hardest to reach. Reema’s breakthrough health platform uses proprietary technology and predictive data modeling to identify people with the highest level of unmet social needs, and power Community Guides with the right information to engage them meaningfully, connect them with the most relevant resources, and improve their health and their lives. For more information visit ReemaHealth.com.

 

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Alliance Pharma Appoints Patrick Bennett as Chief Executive Officer

Ampersand

MALVERN, Pa., April 11, 2022 /PRNewswire/ — Alliance Pharma, a leader in small and large molecule bioanalytical services in the pharmaceutical and biopharmaceutical industry, announces that Patrick Bennett has been named Chief Executive Officer. Bennett has more than 30 years of experience in the industry, including 25 years in leadership roles at various bioanalytical contract research organizations, most recently as Vice President, Strategy and Development at PPD Laboratories. Prior to PPD, Bennett served as the Director of Global Strategic Marketing at ThermoFisher Scientific, and at various executive level positions with Tandem Labs. Frank Li, Founder of Alliance Pharma, is transitioning leadership to Bennett but will remain a key member of the Alliance team and serve as its President and on its Board of Directors. Throughout his career, Patrick has developed broad bioanalytical expertise and established a strong reputation as a leader and innovator in laboratory operations. In his most recent roles, he established biomarker, cell and gene therapy operations, and a state-of-the-art bioanalytical lab in China.

Patrick Bennett CEO Announcement“Alliance will execute an aggressive global growth strategy, and there is no one more timely, skilled, or better suited to lead Alliance than Pat. His operational expertise, global experience, long-term relationship-driven nature, and exceptional communication skills are a perfect fit for Alliance,” explained Dave Patteson, Chairman of the Board at Alliance and a Partner at Ampersand, Alliance’s principal owner.

“Frank Li has founded, built, grown and led an exceptional bioanalytical service offering and team of premier scientists, serving the pharma/biopharma industry. Our vision is to build upon this knowledge and experience, allowing Alliance to fulfill its mission as a complete global bioanalytical service provider for all drug modalities,” Patrick Bennett, New CEO of Alliance Pharma, commented.

About Alliance Pharma

Founded in 2008, Alliance is a contract research organization (CRO) in Malvern, PA just outside of Philadelphia that specializes in advanced bioanalytical research services for both small and large molecule drugs, as well as drug metabolism studies to support pharmaceutical and biotechnology companies’ drug discovery and development programs. Alliance’s mission is to build a trusted partnership with our clients to support their successful drug development programs. Our business philosophy is based on a foundation of trust, professional ethics, scientific excellence and regulatory compliance. http://www.alliancepharmaco.com/

About Ampersand Capital Partners

Founded in 1988, Ampersand is a middle market private equity firm with more than $2 billion of assets under management dedicated to growth-oriented investments in the healthcare sector. With offices in Boston and Amsterdam, Ampersand leverages its unique blend of private equity and operating experience to build value and drive superior long-term performance alongside its portfolio company management teams. Ampersand has helped build numerous market-leading companies across each of the firm’s core healthcare sectors. Additional information about Ampersand is available at ampersandcapital.com.

Categories: People

CapMan Real Estate leases unique office space to Boston Consulting Group in Copenhagen

CapMan Real Estate press release
8 April 2022 at 9:00 a.m. EEST

CapMan Real Estate leases unique office space to Boston Consulting Group in Copenhagen

CapMan Nordic Real Estate II fund has signed a long-term lease for approx. 10,000 sqm of refurbished office space and historic basement with Boston Consulting Group Denmark (BCG), a leading global management consulting firm.

The fund acquired the iconic Red Warehouse building located in Carlsberg Byen in Copenhagen in 2019. The 140-year-old building, originally used as a storage and brewery for Carlsberg, is undergoing a complete transformation into high-end office premises. When finalised, the property will combine the original structure and atmosphere of the building with contemporary sought-after elements and features, such as plenty of natural light and a roof terrace.

“It has been quite the privilege to be involved in the work with transforming this unique building into a modern office while still ensuring the preservation of the values and history from the old building. We have had an overwhelming tenant interest for this property and are very happy with having now signed a lease with BCG, whom we believe the building will be a very good fit for. A special thanks to BCG and all advisors on their side that have been part of this process and made this possible. On our side we have worked very close together with Ulrik Larsen from Revco, Steen Niebling from SN consult and Mikkel Westfall and his team of architects. They all deserve a lot of credit to make this possible,” says Peter Gill, Partner and Head of CapMan Real Estate Denmark.

The office space covers 6,000 sqm over three floors and in addition BCG will be occupying approx. 4,000 sqm of historic basement space. These rooms, complete with vaulted ceilings, were originally used as cold storage for ingredients used in beer production and are an integrated part of the original basement that runs under the old section of Carlberg Byen.

“This basement space conveys the vibrant history of the building and the entire Carlsberg Byen area and holds as such special significance for both us and for the tenant,” concludes Gill.

CapMan expects that the conversion will be completed during the second quarter of 2023 with the new tenants scheduled to move in in June 2023.

CapMan Real Estate currently manages over EUR 4.0 billion in real estate assets. The Real Estate Team comprises over 60 real estate professionals in Helsinki, Stockholm, Copenhagen, Oslo and London.

For more information, please contact:

Peter Gill, Partner, Head of CapMan Real Estate Denmark, +45 20 43 55 63

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation. As one of the private equity pioneers in the Nordics we have built value in unlisted businesses, real estate, and infrastructure for over three decades. Our objective is to provide attractive returns and innovative solutions to investors. We are dedicated to set science-based targets to reduce our greenhouse gas emissions in line with the Paris Agreement. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover minority and majority investments in portfolio companies and real estate, and infrastructure assets. We also provide wealth management solutions. Our service business includes procurement and analysis, reporting and back office services. Altogether, CapMan employs approximately 160 professionals in Helsinki, Stockholm, Copenhagen, Oslo, London and Luxembourg. We are listed on Nasdaq Helsinki since 2001.

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Beerenberg Services acquires Remotion

Segula

Beerenberg Services acquires Remotion

Beerenberg strengthens its position as a provider of cost efficient technological and sustainable surface maintenance solutions through the acquisition of Remotion. Established in 2014, Remotion is a substantial provider of technology and world leading supplier of magnetic remote-controlled vehicles for offshore splash zone operations. Over the years the technology has been further developed within the area of Fabric Maintenance where the robotic solutions assist the industry to become more sustainable, safer for both personnel and the environment.

 “With Remotion on board, we will further develop our surface maintenance services along with our clients’ expectations. As society moves faster towards net-zero emissions, Beerenberg aims to be a partner on that journey through investing in people, sustainability and technology. The use of robotics and modern technologies in industrial insulation and surface maintenance are just a few examples of how we work to reduce our carbon footprint. Remotion has an extensive record of accomplishment and a great culture that fits well with Beerenberg” says Arild Apelthun, CEO of Beerenberg.

“We are excited to be part of Beerenberg to leverage our joint base of expertise and experience to develop our technology jointly further. We know each other well from working together on many successful fabric maintenance projects, says Morten K. Urrang, the Founder and Managing Director of Remotion.

Beerenberg Services is one of the leading suppliers of maintenance and modifications services on the Norwegian Continental Shelf as well as a global provider of insulating products. Headquartered in Bergen, Beerenberg has offices in Stavanger and Skien in Norway and in Poland, South-Korea, Thailand, and Singapore.

For further information, please visit www.beerenberg.com or contact:

Sebastian Ehrnrooth, Chairman, Segulah Advisor AB
+46 73 360 42 05, ehrnrooth@segulah.se

Arild Apelthun, CEO, Beerenberg
+47 918 19 265, arild.apelthun@beerenberg.com

Morten K. Urrang, Managing Director, Remotion
+47 971 31 401, morten.urrang@remotion.no

Categories: News