DNV has signed an agreement to acquire 100% ownership of Automa Power & Utilities S.A. The transaction involves the complete transfer of shares from the current shareholders to DNV. Legal advisory services for the shareholders were provided by Demarest and Pinheiro Neto Advogados.
This acquisition aligns with DNV’s strategy to expand its presence in the power and utilities sector. The deal is expected to enhance DNV’s service offerings and market reach in this industry.
**Why this matters**
The acquisition strengthens DNV’s position in the energy sector by integrating Automa’s expertise and resources. It may lead to improved operational capabilities and a broader portfolio for DNV, potentially benefiting clients and stakeholders in the power and utilities market.
Source: NewsData