Staff Reporter
Published:
Photo from Envato Elements
The subsidiary plans to incorporate a company in Spain for the acquisition.
Sheffield Green unit, Wind Asia Training (WATPL) has entered into a non-binding memorandum of understanding (MoU) with Grupo Stier to acquire its training center business in Gran Canaria, Spain.
Grupo Stier operates a training center and maritime business, which includes providing protection and indemnity (P&I) insurance emergency assistance and ship agency solutions.
The acquisition is expected to complement Sheffield Green’s provision of human resources and ancillary services in the renewable energy industry.
To undertake the potential acquisition, WATPL plans to incorporate a company under the laws of Spain, Sheffield (Spain). The business assets to be acquired are still under negotiation, subject to ongoing financial due diligence.
Meanwhile, both parties will enter into definitive agreements focusing on an asset purchase agreement or other relevant agreements in relation to the potential acquisition.
Join
Singapore Business Review
community
Since you’re here…
…there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.
Let us help you drive your business forward with a good partnership!
This post was originally published on here
